Check Out What Whales Are Doing With NFLX

A whale with a lot of money to spend has taken a noticeably bearish stance on Netflix.

Looking at options history for Netflix NFLX we detected 49 strange 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 59% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $311,005 and 42, calls, for a total amount of $3,222,994.

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 $95.0 to $575.0 for Netflix over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Netflix options trades today is 1106.07 with a total volume of 18,354.00.

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 $95.0 to $575.0 over 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 CALL SWEEP BULLISH 01/20/23 $230.00 $386.5K 1.1K 286
NFLX CALL SWEEP BEARISH 01/19/24 $260.00 $219.0K 1.6K 87
NFLX CALL SWEEP BEARISH 01/20/23 $230.00 $177.9K 1.1K 577
NFLX CALL SWEEP BULLISH 07/15/22 $180.00 $164.5K 2.4K 319
NFLX CALL SWEEP BULLISH 08/19/22 $195.00 $150.0K 552 190

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NFLX CALL SWEEP BULLISH 01/20/23 $230.00 $386.5K 1.1K 286
NFLX CALL SWEEP BEARISH 01/19/24 $260.00 $219.0K 1.6K 87
NFLX CALL SWEEP BEARISH 01/20/23 $230.00 $177.9K 1.1K 577
NFLX CALL SWEEP BULLISH 07/15/22 $180.00 $164.5K 2.4K 319
NFLX CALL SWEEP BULLISH 08/19/22 $195.00 $150.0K 552 190

Where Is Netflix Standing Right Now?

  • With a volume of 4,191,077, the price of NFLX is up 3.77% at $188.56.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 25 days.

What The Experts Say On Netflix:

  • Goldman Sachs downgraded its action to Sell with a price target of $186
  • Stifel has decided to maintain their Hold rating on Netflix, which currently sits at a price target of $240.
  • Wolfe Research has decided to maintain their Outperform rating on Netflix, which currently sits at a price target of $261.
  • Societe Generale has decided to maintain their Sell rating on Netflix, which currently sits at a price target of $170.
  • Benchmark downgraded its action to Sell with a price target of $157

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 want to stay updated on the latest options trades for Netflix, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.