Behind the Scenes of the Latest Trends in Netflix Options – Netflix (NASDAQ:NFLX)

Investors with deep pockets have taken a bearish approach to Netflix NFLXand this is something that market participants should not ignore. Our tracking of public option records on Benzinga revealed this significant move today. The identities of these investors remain unknown, but such significant movement on NFLX usually suggests that something big is about to happen.

We compiled this information from our observations today, where Benzinga’s options scanner highlighted 54 unusual options activity for Netflix. This level of activity is extraordinary.

The overall sentiment among heavyweight investors is split, with 33% bullish and 38% bearish. Among these notable options, 16 are put options worth a total of $1,044,476 and 38 are call options worth $1,995,095.

Forecasted price targets

Analyzing the volume and open interest in these contracts, it appears that major players expected a Netflix pricing window of $430.0 to $780.0 in the last quarter.

Analyzing volume and open interest

Studying volume and open interest provides key insight into stock research. This information is crucial in assessing the liquidity and interest rate of Netflix options at specific strike prices. Below, we provide an overview of trends in the volume and number of open calls and offers on Netflix’s top trades over the past month within the strike price range of $430.0 to $780.0.

A 30-day snapshot of Netflix volume and percentage

Biggest Options Spotted:

Symbol	SEND/CALL	Trade type	Sentiment	To the power. Date	Ask	Offer	Price	Strike price	Total trading price	Open interest	Volume
NFLX	PLACE	TRADE	BULLISH	18/10/24	$29.35	$29.2	$29.2	$715.00	414.6 thousand dollars	749	276
NFLX	CALL	TRADE	BEARISH	18/10/24	$31.2	$31.15	$31.15	$715.00	271.0 thousand dollars	742	259
NFLX	CALL	SWEEP	BEARISH	20/12/24	$126.8	$126.05	$126.8	$600.00	190.2 thousand dollars	346	15
NFLX	CALL	TRADE	BEARISH	20/06/25	$169.05	$167.3	$167.95	$600.00	167.9 thousand dollars	359	10
NFLX	CALL	TRADE	BEARISH	25/10/24	$29.1	$28.6	$28.65	$725.00	106.0 thousand dollars	123	88

About Netflix

Netflix’s relatively simple business model involves just one business – its streaming service. It has the largest television entertainment subscriber base in both the United States and the entire international market, with more than 275 million subscribers worldwide. Netflix has access to almost the entire world’s population outside of China. The company has traditionally shied away from live programming and sports content, instead focusing on on-demand access to episodic TV shows, movies and documentaries. The company recently began rolling out ad-supported subscription plans, giving the company exposure to the advertising market in addition to subscription fees, which have historically accounted for almost all of its revenue.

After carefully reviewing the options trades around Netflix, we move on to examining the company in more detail. This includes assessing its current market status and performance.

Netflix’s current market situation

• Currently trading on volume of 1,403,629, NFLX has increased by 1.39% and is currently trading at $716.63.
• The RSI readings suggest that the stock may be near overbought at the moment.
• Results are expected to be published in 13 days.

Expert opinions about Netflix

A total of 2 professional analysts have expressed their views on this stock over the last 30 days, setting an average price target of $697.50.

Unusual options activity detected: smart money on the move

Benzinga Edge’s Extraordinary Options Dashboard detects potential market moves before they happen. See what’s making big money in your favorite stocks. Click here to access. *The Keybanc analyst maintains his Overweight rating on Netflix, maintaining his price target at $760. *The Rosenblatt analyst maintains his Neutral rating on Netflix, maintaining a price target of $635.

Options trading involves greater risks and potential rewards. Smart investors manage this risk by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay on top of the latest Netflix options trades with real-time alerts from Benzinga Pro.