Financial giants have made a conspicuous bearish move on Netflix. Our analysis of options history for Netflix (NASDAQ:NFLX) revealed 85 unusual trades.
Delving into the details, we found 36% of traders were bullish, while 43% showed bearish tendencies. Out of all the trades we spotted, 23 were puts, with a value of $2,228,587, and 62 were calls, valued at $3,740,633.
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 $10.0 and $140.0 for Netflix, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Netflix options trades today is 8905.85 with a total volume of 172,773.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Netflix's big money trades within a strike price range of $10.0 to $140.0 over the last 30 days.
Netflix Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NFLX | PUT | TRADE | NEUTRAL | 01/21/28 | $8.8 | $8.35 | $8.55 | $70.00 | $513.0K | 2.9K | 1.1K |
| NFLX | CALL | TRADE | BEARISH | 12/17/27 | $9.4 | $9.15 | $9.15 | $120.00 | $366.0K | 5.2K | 422 |
| NFLX | CALL | SWEEP | BEARISH | 02/20/26 | $1.31 | $1.27 | $1.27 | $88.00 | $323.9K | 8.6K | 933 |
| NFLX | PUT | SWEEP | BULLISH | 04/17/26 | $4.95 | $4.9 | $4.9 | $84.00 | $269.0K | 2.9K | 1.2K |
| NFLX | CALL | TRADE | NEUTRAL | 03/06/26 | $6.95 | $6.85 | $6.9 | $80.00 | $172.5K | 46 | 255 |
About Netflix
Netflix's relatively simple business model involves only one business, its streaming service. It has the television entertainment subscriber base in both the United States and the collective international market, with more than 300 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided a regular slate of live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm introduced ad-supported subscription plans in 2022, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
Netflix's Current Market Status
- With a volume of 25,917,285, the price of NFLX is down -0.32% at $85.31.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 78 days.
What Analysts Are Saying About Netflix
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $113.8.
- An analyst from Needham persists with their Buy rating on Netflix, maintaining a target price of $120.
- Showing optimism, an analyst from Freedom Capital Markets upgrades its rating to Buy with a revised price target of $104.
- An analyst from Canaccord Genuity persists with their Buy rating on Netflix, maintaining a target price of $125.
- Consistent in their evaluation, an analyst from Argus Research keeps a Buy rating on Netflix with a target price of $110.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Netflix, targeting a price of $110.
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.
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