Netflix Options Trading: A Deep Dive into Market Sentiment

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

Looking at options history for Netflix NFLX we detected 22 trades.

If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 54% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $53,599 and 20, calls, for a total amount of $2,677,761.

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What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $1225.0 for Netflix over the recent three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Netflix stands at 480.65, with a total volume reaching 291.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Netflix, situated within the strike price corridor from $10.0 to $1225.0, throughout the last 30 days.

Netflix Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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 more than 300 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided a regular slate of live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm introduced ad-supported subscription plans in 2022, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.

Present Market Standing of Netflix

• With a trading volume of 196,174, the price of NFLX is up by 0.75%, reaching $1227.07.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 43 days from now.

What The Experts Say On Netflix

Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $1287.5.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on Netflix with a target price of $1380. * An analyst from JP Morgan has revised its rating downward to Neutral, adjusting the price target to $1220. * Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Netflix, targeting a price of $1300. * An analyst from Citigroup persists with their Neutral rating on Netflix, maintaining a target price of $1250.

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