A Closer Look at Netflix's Options Market Dynamics - Netflix (NASDAQ:NFLX)

Whales with a lot of money to spend have taken a noticeably bearish stance on Netflix.

Looking at options history for Netflix (NASDAQ:NFLX) we detected 106 trades.

If we consider the specifics of each trade, it is accurate to state that 32% of the investors opened trades with bullish expectations and 33% with bearish.

From the overall spotted trades, 14 are puts, for a total amount of $797,510 and 92, calls, for a total amount of $11,304,164.

What's The Price Target?

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 $1400.0 for Netflix, spanning the last three months.

Volume & Open Interest Trends

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $5.0 to $1400.0 in the last 30 days.

Netflix Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
NFLX	CALL	SWEEP	NEUTRAL	01/17/25	$847.55	$845.75	$846.17	$50.00	$1.3M	1.5K	120
NFLX	CALL	TRADE	BULLISH	01/17/25	$849.55	$847.05	$848.6	$50.00	$339.4K	1.5K	72
NFLX	CALL	TRADE	NEUTRAL	01/17/25	$848.45	$845.95	$847.21	$50.00	$338.8K	1.5K	52
NFLX	CALL	SWEEP	BEARISH	01/16/26	$204.3	$201.0	$202.16	$800.00	$202.2K	537	51
NFLX	PUT	SWEEP	BULLISH	09/19/25	$87.3	$86.5	$86.5	$880.00	$173.0K	44	20

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.

After a thorough review of the options trading surrounding Netflix, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Netflix's Current Market Status

With a volume of 567,551, the price of NFLX is down -0.43% at $896.52.
RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
Next earnings are expected to be released in 21 days.

Professional Analyst Ratings for Netflix

5 market experts have recently issued ratings for this stock, with a consensus target price of $983.0.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Netflix with a target price of $950. * An analyst from Canaccord Genuity persists with their Hold rating on Netflix, maintaining a target price of $940. * Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Netflix with a target price of $1065. * An analyst from UBS persists with their Buy rating on Netflix, maintaining a target price of $1040. * Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Netflix, targeting a price of $920.

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.

NFLXNetflix Inc

$77.33-0.07%

Overview

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