Netflix's Options Frenzy: What You Need to Know

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Financial giants have made a conspicuous bullish move on Netflix. Our analysis of options history for Netflix NFLX revealed 45 unusual trades.

Delving into the details, we found 44% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $706,031, and 30 were calls, valued at $4,090,636.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $1200.0 for Netflix, spanning the last three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Netflix options trades today is 291.21 with a total volume of 2,826.00.

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 $1200.0 over the last 30 days.

Netflix Option Activity Analysis: Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
NFLX CALL TRADE BULLISH 03/21/25 $135.35 $134.0 $135.0 $800.00 $1.3M 705 107
NFLX CALL SWEEP NEUTRAL 01/17/25 $898.75 $897.15 $897.72 $5.00 $897.9K 2.7K 10
NFLX CALL TRADE BEARISH 09/19/25 $111.4 $111.15 $111.15 $940.00 $155.6K 89 14
NFLX CALL TRADE BULLISH 01/31/25 $142.0 $139.65 $142.0 $775.00 $142.0K 0 0
NFLX PUT TRADE BEARISH 01/16/26 $28.3 $27.85 $28.3 $650.00 $141.5K 208 50

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 more than 280 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.

Having examined the options trading patterns of Netflix, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Netflix Standing Right Now?

  • Currently trading with a volume of 563,510, the NFLX's price is down by -0.42%, now at $905.19.
  • RSI readings suggest the stock is currently may be approaching overbought.
  • Anticipated earnings release is in 29 days.

What Analysts Are Saying About Netflix

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $978.0.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Netflix with a target price of $1040. * An analyst from Canaccord Genuity has decided to maintain their Hold rating on Netflix, which currently sits at a price target of $940. * An analyst from JP Morgan has decided to maintain their Overweight rating on Netflix, which currently sits at a price target of $1010. * Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Netflix with a target price of $950. * Reflecting concerns, an analyst from Loop Capital lowers its rating to Hold with a new price target of $950.

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.

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