Unpacking the Latest Options Trading Trends in Netflix

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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 9 trades.

If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 33% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $468,337 and 4, calls, for a total amount of $130,898.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $705.0 to $1000.0 for Netflix during the past quarter.

Analyzing Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Netflix options trades today is 592.62 with a total volume of 442.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Netflix's big money trades within a strike price range of $705.0 to $1000.0 over the last 30 days.

Netflix Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
NFLX PUT TRADE BULLISH 01/17/25 $60.95 $58.9 $58.9 $900.00 $176.7K 1.3K 34
NFLX PUT SWEEP BEARISH 01/24/25 $36.45 $35.5 $35.9 $840.00 $96.9K 564 328
NFLX PUT SWEEP NEUTRAL 01/24/25 $38.2 $35.9 $37.09 $840.00 $81.4K 564 23
NFLX PUT SWEEP NEUTRAL 01/24/25 $35.9 $33.35 $34.59 $835.00 $75.9K 226 25
NFLX CALL TRADE BEARISH 02/28/25 $105.1 $104.35 $104.35 $760.00 $41.7K 0 4

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.

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

  • With a volume of 85,288, the price of NFLX is up 0.31% at $842.86.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 7 days.

What The Experts Say On Netflix

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $840.0.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Benchmark has decided to maintain their Sell rating on Netflix, which currently sits at a price target of $720. * An analyst from Macquarie persists with their Outperform rating on Netflix, maintaining a target price of $965. * Consistent in their evaluation, an analyst from Goldman Sachs keeps a Neutral rating on Netflix with a target price of $850. * Reflecting concerns, an analyst from Loop Capital lowers its rating to Hold with a new price target of $950. * An analyst from Barclays has decided to maintain their Underweight rating on Netflix, which currently sits at a price target of $715.

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.

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