This Is What Whales Are Betting On Netflix

Whales with a lot of money to spend have taken a noticeably bullish stance on Netflix.

Looking at options history for Netflix NFLX we detected 47 trades.

If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 25% with bearish.

From the overall spotted trades, 21 are puts, for a total amount of $1,361,755 and 26, calls, for a total amount of $1,612,915.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $360.0 to $1100.0 for Netflix over the last 3 months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Netflix options trades today is 523.4 with a total volume of 3,340.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Netflix's big money trades within a strike price range of $360.0 to $1100.0 over the last 30 days.

Netflix Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
NFLX CALL TRADE BEARISH 06/21/24 $29.25 $28.9 $28.9 $570.00 $289.0K 2.0K 384
NFLX CALL TRADE NEUTRAL 07/19/24 $93.5 $92.55 $93.0 $500.00 $186.0K 34 21
NFLX PUT TRADE NEUTRAL 01/17/25 $533.65 $530.2 $531.87 $1100.00 $159.5K 0 3
NFLX PUT SWEEP BEARISH 03/21/25 $52.0 $50.35 $52.0 $550.00 $156.0K 18 31
NFLX PUT SWEEP NEUTRAL 07/19/24 $53.3 $52.9 $53.3 $615.00 $127.7K 164 8

About Netflix

Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with almost 250 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.

Current Position of Netflix

  • With a trading volume of 2,105,051, the price of NFLX is up by 2.1%, reaching $577.04.
  • Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
  • Next earnings report is scheduled for 75 days from now.

What The Experts Say On Netflix

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $663.0.

  • An analyst from Wedbush has revised its rating downward to Outperform, adjusting the price target to $725.
  • An analyst from Benchmark downgraded its action to Sell with a price target of $440.
  • An analyst from CICC has revised its rating downward to Outperform, adjusting the price target to $650.
  • An analyst from B of A Securities has decided to maintain their Buy rating on Netflix, which currently sits at a price target of $700.
  • An analyst from Pivotal Research persists with their Buy rating on Netflix, maintaining a target price of $800.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Netflix with Benzinga Pro for real-time alerts.

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