Whales with a lot of money to spend have taken a noticeably bearish stance on Netflix.
Looking at options history for Netflix (NASDAQ:NFLX) we detected 46 trades.
If we consider the specifics of each trade, it is accurate to state that 19% of the investors opened trades with bullish expectations and 45% with bearish.
From the overall spotted trades, 19 are puts, for a total amount of $784,263 and 27, calls, for a total amount of $7,807,819.
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 $300.0 and $1000.0 for Netflix, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $300.0 to $1000.0 in the last 30 days.
Netflix Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
NFLX | CALL | TRADE | BEARISH | 09/20/24 | $70.7 | $69.9 | $70.1 | $640.00 | $4.9M | 2574.7K | |
NFLX | CALL | TRADE | BEARISH | 07/19/24 | $32.8 | $32.15 | $32.2 | $685.00 | $1.4M | 4846 | |
NFLX | CALL | TRADE | NEUTRAL | 12/18/26 | $185.8 | $177.15 | $181.5 | $700.00 | $181.5K | 1010 | |
NFLX | CALL | TRADE | BEARISH | 12/18/26 | $112.8 | $109.0 | $109.0 | $900.00 | $163.5K | 890 | |
NFLX | CALL | TRADE | BEARISH | 09/20/24 | $65.85 | $65.0 | $65.0 | $650.00 | $162.5K | 93326 |
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.
In light of the recent options history for Netflix, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Netflix
Trading volume stands at 1,222,596, with NFLX's price down by -1.31%, positioned at $675.38.
RSI indicators show the stock to be may be approaching overbought.
Earnings announcement expected in 20 days.
What The Experts Say On Netflix
3 market experts have recently issued ratings for this stock, with a consensus target price of $719.0.
An analyst from Keybanc has decided to maintain their Overweight rating on Netflix, which currently sits at a price target of $707.
An analyst from Loop Capital has decided to maintain their Buy rating on Netflix, which currently sits at a price target of $750.
An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $700.
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.