A Closer Look at Netflix's Options Market Dynamics

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 74 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, 30 are puts, for a total amount of $2,218,293 and 44, calls, for a total amount of $2,720,540.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $200.0 to $1300.0 for Netflix during the past quarter.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Netflix stands at 1231.42, with a total volume reaching 13,589.00. 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 $200.0 to $1300.0, throughout the last 30 days.

Netflix Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

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 2,869,265, the price of NFLX is down by -0.52%, reaching $467.41.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 34 days from now.

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.