Investors with a lot of money to spend have taken a bullish stance on Netflix (NASDAQ:NFLX).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NFLX, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 12 uncommon options trades for Netflix.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 41%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $63,887, and 10 are calls, for a total amount of $534,228.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $77.0 to $180.0 for Netflix over the last 3 months.
Volume & Open Interest Trends
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 $77.0 to $180.0 in the last 30 days.
Netflix 30-Day Option Volume & Interest Snapshot
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 | 12/18/26 | $10.95 | $10.85 | $10.85 | $80.00 | $108.5K | 4.5K | 153 |
| NFLX | CALL | TRADE | BULLISH | 03/20/26 | $2.04 | $1.96 | $2.03 | $80.00 | $81.1K | 35.4K | 166 |
| NFLX | CALL | TRADE | BEARISH | 12/18/26 | $11.25 | $10.9 | $10.9 | $80.00 | $54.5K | 4.5K | 103 |
| NFLX | CALL | TRADE | BULLISH | 12/18/26 | $10.9 | $10.5 | $10.9 | $80.00 | $54.5K | 4.5K | 3 |
| NFLX | CALL | TRADE | BULLISH | 12/18/26 | $10.95 | $10.5 | $10.85 | $80.00 | $54.2K | 4.5K | 103 |
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 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.
Current Position of Netflix
- With a volume of 3,107,576, the price of NFLX is down -0.11% at $76.92.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 55 days.
Expert Opinions on Netflix
In the last month, 3 experts released ratings on this stock with an average target price of $109.67.
- In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $115.
- An analyst from Argus Research persists with their Buy rating on Netflix, maintaining a target price of $110.
- An analyst from Freedom Capital Markets has elevated its stance to Buy, setting a new price target at $104.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements.
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