A deep-pocketed investor has adopted a bullish approach towards Netflix NFLX, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of this investor remains unknown, but such a substantial move in NFLX usually suggests insider knowledge. We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Netflix. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 53% leaning bullish and 46% bearish. Among these notable options, 6 are puts, totaling $458,984, and 9 are calls, amounting to $415,009.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $440.0 for Netflix over the recent three months.
Volume & Open Interest Development
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 $100.0 to $440.0 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 | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NFLX | CALL | TRADE | NEUTRAL | 11/10/23 | $350.00 | $169.6K | 133 | 0 |
| NFLX | PUT | SWEEP | BULLISH | 06/21/24 | $430.00 | $100.5K | 606 | 1 |
| NFLX | PUT | TRADE | BEARISH | 01/17/25 | $400.00 | $94.5K | 1.9K | 101 |
| NFLX | PUT | SWEEP | BULLISH | 01/17/25 | $400.00 | $90.6K | 1.9K | 60 |
| NFLX | PUT | TRADE | NEUTRAL | 12/19/25 | $390.00 | $67.4K | 77 | 12 |
Present Market Standing of Netflix
- Trading volume stands at 777,336, with NFLX's price up 0.37%, positioned at $436.36. RSI indicators show the stock to be is currently neutral between overbought and oversold. Earnings announcement expected in 72 days.
What The Experts Say On Netflix:
- Maintaining their stance, Oppenheimer continues to hold a Outperform rating for Netflix, targeting a price of $475.
- JP Morgan has decided to maintain their Overweight rating on Netflix, which currently sits at a price target of $480.
- Piper Sandler has decided to maintain their Neutral rating on Netflix, which currently sits at a price target of $400.
- In a cautious move, Benchmark downgraded its rating to Sell, setting a price target of $325.
- In a cautious move, Guggenheim downgraded its rating to Buy, setting a price target of $460.
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.
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