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 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 0% of the investors opened trades with bullish expectations and 100% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $153,662 and 7, calls, for a total amount of $374,040.
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 $150.0 to $460.0 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 $150.0 to $460.0 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 | CALL | SWEEP | BEARISH | 08/19/22 | $190.00 | $117.1K | 938 | 105 |
| NFLX | CALL | TRADE | BEARISH | 07/29/22 | $150.00 | $75.0K | 8 | 75 |
| NFLX | PUT | TRADE | BEARISH | 07/08/22 | $177.50 | $67.3K | 776 | 89 |
| NFLX | CALL | SWEEP | BEARISH | 08/19/22 | $175.00 | $44.2K | 366 | 39 |
| NFLX | CALL | SWEEP | BEARISH | 08/19/22 | $175.00 | $44.0K | 366 | 40 |
Where Is Netflix Standing Right Now?
- With a volume of 632,396, the price of NFLX is down -3.46% at $173.73.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 14 days.
What The Experts Say On Netflix:
- Truist Securities has decided to maintain their Hold rating on Netflix, which currently sits at a price target of $210.
- Stifel has decided to maintain their Hold rating on Netflix, which currently sits at a price target of $240.
- Benchmark downgraded its action to Sell with a price target of $157
- Societe Generale has decided to maintain their Sell rating on Netflix, which currently sits at a price target of $170.
- Piper Sandler has decided to maintain their Neutral rating on Netflix, which currently sits at a price target of $210.
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.
