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 58 trades.
If we consider the specifics of each trade, it is accurate to state that 43% of the investors opened trades with bullish expectations and 56% with bearish.
From the overall spotted trades, 25 are puts, for a total amount of $1,060,211 and 33, calls, for a total amount of $3,352,757.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $230.0 to $840.0 for Netflix during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Netflix options trades today is 548.35 with a total volume of 36,149.00.
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 $230.0 to $840.0 over the last 30 days.
Netflix 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NFLX | CALL | SWEEP | BEARISH | 01/17/25 | $340.00 | $1.1M | 302 | 40 |
| NFLX | CALL | TRADE | BEARISH | 12/20/24 | $840.00 | $461.0K | 48 | 200 |
| NFLX | CALL | TRADE | BEARISH | 03/22/24 | $625.00 | $177.4K | 584 | 1.1K |
| NFLX | CALL | SWEEP | BULLISH | 04/19/24 | $600.00 | $135.6K | 1.5K | 57 |
| NFLX | PUT | SWEEP | BEARISH | 01/16/26 | $610.00 | $131.4K | 66 | 12 |
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
- Trading volume stands at 1,178,165, with NFLX's price up by 0.97%, positioned at $615.37.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 33 days.
Expert Opinions on Netflix
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $687.5.
- Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Netflix with a target price of $640.
- Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Netflix with a target price of $725.
- An analyst from UBS persists with their Buy rating on Netflix, maintaining a target price of $685.
- Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on Netflix with a target price of $700.
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.
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