27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
A whale with a lot of money to spend has taken a noticeably bullish stance on Netflix.
Looking at options history for Netflix (NASDAQ:NFLX) we detected 88 strange trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 63 are puts, for a total amount of $4,999,351 and 25, calls, for a total amount of $1,188,841.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $250.0 to $1000.0 for Netflix over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Netflix's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Netflix's whale trades within a strike price range from $250.0 to $1000.0 in the last 30 days.
Netflix Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NFLX | PUT | SWEEP | BEARISH | 01/28/22 | $475.00 | $798.6K | 167 | 9 |
| NFLX | CALL | TRADE | BEARISH | 03/18/22 | $380.00 | $211.5K | 663 | 207 |
| NFLX | PUT | SWEEP | BULLISH | 01/20/23 | $320.00 | $149.7K | 3.9K | 627 |
| NFLX | PUT | SWEEP | BULLISH | 01/20/23 | $320.00 | $146.4K | 3.9K | 165 |
| NFLX | PUT | SWEEP | BEARISH | 03/18/22 | $660.00 | $143.8K | 143 | 5 |
Where Is Netflix Standing Right Now?
- With a volume of 9,537,445, the price of NFLX is down -2.02% at $378.89.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 81 days.
What The Experts Say On Netflix:
- Goldman Sachs has decided to maintain their Neutral rating on Netflix, which currently sits at a price target of $450.
- Truist Securities downgraded its action to Hold with a price target of $470
- Morgan Stanley downgraded its action to Equal-Weight with a price target of $450
- Jefferies downgraded its action to Hold with a price target of $415
- Canaccord Genuity has decided to maintain their Buy rating on Netflix, which currently sits at a price target of $600.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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