Financial giants have made a conspicuous bearish move on Netflix. Our analysis of options history for Netflix (NASDAQ:NFLX) revealed 13 unusual trades.
Delving into the details, we found 23% of traders were bullish, while 76% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $211,317, and 9 were calls, valued at $282,942.
Projected Price Targets
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 $1275.0 for Netflix during the past quarter.
Analyzing Volume & Open Interest
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 $1275.0 in the last 30 days.
Netflix Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NFLX | PUT | TRADE | NEUTRAL | 01/19/24 | $1275.00 | $80.8K | 0 | 1 |
| NFLX | PUT | SWEEP | BEARISH | 12/15/23 | $480.00 | $59.8K | 1.3K | 6 |
| NFLX | CALL | SWEEP | BULLISH | 12/15/23 | $460.00 | $45.5K | 2.0K | 912 |
| NFLX | CALL | SWEEP | NEUTRAL | 12/15/23 | $460.00 | $42.5K | 2.0K | 3.3K |
| NFLX | PUT | SWEEP | NEUTRAL | 12/22/23 | $460.00 | $35.5K | 278 | 21 |
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.
Where Is Netflix Standing Right Now?
- Currently trading with a volume of 1,159,700, the NFLX’s price is up by 1.16%, now at $459.03.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 38 days.
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.
