Netflix Options Trading: A Deep Dive into Market Sentiment

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 62 trades.

If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish.

From the overall spotted trades, 12 are puts, for a total amount of $786,595 and 50, calls, for a total amount of $3,710,318.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $660.0 for Netflix, spanning the last three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Netflix's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Netflix's significant trades, within a strike price range of $200.0 to $660.0, over the past month.

Netflix 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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

Where Is Netflix Standing Right Now?

• Trading volume stands at 2,365,693, with NFLX's price up by 1.65%, positioned at $494.14.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 35 days.

What The Experts Say On Netflix

A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $550.0.

• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Netflix, targeting a price of $550.

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.