A whale with a lot of money to spend has taken a noticeably bearish stance on Netflix.
Looking at options history for Netflix (NASDAQ:NFLX) we detected 166 strange trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 156 are puts, for a total amount of $54,767,436 and 10, calls, for a total amount of $578,054.
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 $200.0 to $1325.0 for Netflix over the last 3 months.
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 $200.0 to $1325.0 in the last 30 days.
Netflix Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| NFLX | PUT | SWEEP | BEARISH | 03/17/23 | $1200.00 | $1.6M | 0 | 68 |
| NFLX | PUT | SWEEP | BEARISH | 03/17/23 | $1225.00 | $1.4M | 0 | 18 |
| NFLX | PUT | SWEEP | BEARISH | 03/17/23 | $1225.00 | $1.4M | 0 | 100 |
| NFLX | PUT | SWEEP | BEARISH | 03/17/23 | $1200.00 | $565.2K | 0 | 16 |
| NFLX | PUT | SWEEP | BEARISH | 06/16/23 | $260.00 | $258.0K | 725 | 234 |
Where Is Netflix Standing Right Now?
- With a volume of 4,642,722, the price of NFLX is down -1.85% at $258.58.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 71 days.
What The Experts Say On Netflix:
- Rosenblatt has decided to maintain their Neutral rating on Netflix, which currently sits at a price target of $226.
- Pivotal Research has decided to maintain their Sell rating on Netflix, which currently sits at a price target of $200.
- Wedbush has decided to maintain their Outperform rating on Netflix, which currently sits at a price target of $325.
- Barclays has decided to maintain their Equal-Weight rating on Netflix, which currently sits at a price target of $235.
- Macquarie has decided to maintain their Neutral rating on Netflix, which currently sits at a price target of $285.
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.
