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 9 trades.
If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 77% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $151,250 and 7, calls, for a total amount of $1,040,680.
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 $5.0 to $600.0 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 1664.29 with a total volume of 313.00.
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 $5.0 to $600.0 over the last 30 days.
Netflix Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NFLX | CALL | SWEEP | BULLISH | 01/05/24 | $100.00 | $738.2K | 0 | 0 |
| NFLX | PUT | TRADE | NEUTRAL | 02/16/24 | $470.00 | $124.7K | 732 | 53 |
| NFLX | CALL | SWEEP | BEARISH | 06/20/25 | $600.00 | $92.7K | 168 | 0 |
| NFLX | CALL | TRADE | NEUTRAL | 06/21/24 | $5.00 | $46.4K | 5.6K | 3 |
| NFLX | CALL | TRADE | NEUTRAL | 06/21/24 | $5.00 | $46.4K | 5.6K | 1 |
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.
Following our analysis of the options activities associated with Netflix, we pivot to a closer look at the company's own performance.
Present Market Standing of Netflix
- With a trading volume of 241,754, the price of NFLX is up by 0.44%, reaching $472.35.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 19 days from now.
Expert Opinions on Netflix
4 market experts have recently issued ratings for this stock, with a consensus target price of $523.75.
- An analyst from Keybanc has decided to maintain their Overweight rating on Netflix, which currently sits at a price target of $525.
- In a cautious move, an analyst from DZ Bank downgraded its rating to Hold, setting a price target of $495.
- An analyst from Morgan Stanley has decided to maintain their Overweight rating on Netflix, which currently sits at a price target of $550.
- An analyst from Wedbush downgraded its action to Outperform with a price target of $525.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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