Financial giants have made a conspicuous bearish move on Netflix. Our analysis of options history for Netflix NFLX revealed 230 unusual trades.
Delving into the details, we found 12% of traders were bullish, while 87% showed bearish tendencies. Out of all the trades we spotted, 26 were puts, with a value of $1,444,794, and 204 were calls, valued at $14,246,992.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $820.0 for Netflix over the last 3 months.
Insights into Volume & Open Interest
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 $5.0 to $820.0, over the past month.
Netflix Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NFLX | CALL | TRADE | NEUTRAL | 01/17/25 | $5.00 | $331.5K | 293 | 352 |
| NFLX | CALL | TRADE | NEUTRAL | 01/17/25 | $5.00 | $331.0K | 293 | 326 |
| NFLX | CALL | TRADE | NEUTRAL | 01/17/25 | $5.00 | $236.7K | 293 | 336 |
| NFLX | CALL | TRADE | NEUTRAL | 01/17/25 | $5.00 | $94.7K | 293 | 386 |
| NFLX | CALL | TRADE | NEUTRAL | 01/17/25 | $5.00 | $94.7K | 293 | 358 |
About Netflix
Netflix's primary business is a streaming video on demand service now available in almost every country worldwide except China. The firm primarily generates revenue from subscriptions to its eponymous service. Netflix delivers original and third-party digital video content to PCs, internet-connected TVs, and consumer electronic devices, including tablets, video game consoles, Apple TV, Roku, and Chromecast. Netflix is the largest SVOD platform in the world with over 220 million subscribers globally.
Following our analysis of the options activities associated with Netflix, we pivot to a closer look at the company's own performance.
Current Position of Netflix
- Currently trading with a volume of 1,492,148, the NFLX's price is down by -0.29%, now at $477.8.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 51 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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