Financial giants have made a conspicuous bearish move on Netflix. Our analysis of options history for Netflix NFLX revealed 143 unusual trades.
Delving into the details, we found 32% of traders were bullish, while 67% showed bearish tendencies. Out of all the trades we spotted, 37 were puts, with a value of $5,064,690, and 106 were calls, valued at $6,811,063.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $1000.0 for Netflix, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Netflix's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Netflix's whale trades within a strike price range from $40.0 to $1000.0 in the last 30 days.
Netflix Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NFLX | CALL | SWEEP | BEARISH | 09/20/24 | $290.00 | $940.1K | 144 | 83 |
| NFLX | PUT | TRADE | BEARISH | 06/21/24 | $680.00 | $635.2K | 72 | 70 |
| NFLX | CALL | TRADE | BULLISH | 09/20/24 | $290.00 | $486.0K | 144 | 43 |
| NFLX | CALL | TRADE | NEUTRAL | 09/20/24 | $290.00 | $421.0K | 144 | 13 |
| NFLX | CALL | SWEEP | BEARISH | 09/20/24 | $290.00 | $226.9K | 144 | 140 |
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.
In light of the recent options history for Netflix, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Netflix
- Currently trading with a volume of 1,613,623, the NFLX's price is up by 0.54%, now at $608.08.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 36 days.
Professional Analyst Ratings for Netflix
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $705.0.
- An analyst from UBS persists with their Buy rating on Netflix, maintaining a target price of $685.
- An analyst from Oppenheimer has decided to maintain their Outperform rating on Netflix, which currently sits at a price target of $725.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Netflix options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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