Investors with a lot of money to spend have taken a bullish stance on Netflix NFLX.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with NFLX, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Netflix.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the options we uncovered, 7 are puts, for a total amount of $365,865, and there was 1 call, for a total amount of $34,150.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $455.0 to $500.0 for Netflix during the past quarter.
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 $455.0 to $500.0 in the last 30 days.
Netflix 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NFLX | PUT | SWEEP | BULLISH | 06/20/25 | $470.00 | $84.7K | 8 | 0 |
| NFLX | PUT | TRADE | BEARISH | 09/20/24 | $480.00 | $76.5K | 109 | 12 |
| NFLX | PUT | SWEEP | BULLISH | 01/19/24 | $480.00 | $72.0K | 577 | 21 |
| NFLX | PUT | SWEEP | BULLISH | 12/15/23 | $455.00 | $44.7K | 1.3K | 326 |
| NFLX | CALL | TRADE | BEARISH | 01/19/24 | $500.00 | $34.1K | 6.7K | 52 |
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.
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
Netflix's Current Market Status
- With a trading volume of 306,658, the price of NFLX is down by -0.5%, reaching $451.62.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 44 days from now.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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