This Is What Whales Are Betting On Netflix

This Is What Whales Are Betting On Netflix

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 57 strange trades.

If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.

From the overall spotted trades, 36 are puts, for a total amount of $2,938,282 and 21, calls, for a total amount of $1,387,032.

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 $210.0 to $1325.0 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 1576.0 with a total volume of 30,492.00.

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 $210.0 to $1325.0 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 PUT SWEEP BEARISH 03/17/23 $470.00 $446.4K 0 46
NFLX CALL TRADE BEARISH 03/17/23 $310.00 $382.5K 759 171
NFLX PUT SWEEP NEUTRAL 03/17/23 $400.00 $281.6K 388 26
NFLX PUT TRADE NEUTRAL 09/15/23 $370.00 $240.3K 56 77
NFLX PUT TRADE BEARISH 12/16/22 $350.00 $157.2K 730 25

Where Is Netflix Standing Right Now?

  • With a volume of 2,428,059, the price of NFLX is down -0.61% at $283.81.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 52 days.

What The Experts Say On Netflix:

  • B of A Securities downgraded its action to Buy with a price target of $370

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