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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 44 uncommon options trades for Netflix.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 36%, bearish.
Out of all of the special options we uncovered, 17 are puts, for a total amount of $979,752, and 27 are calls, for a total amount of $3,125,553.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $890.0 for Netflix over the last 3 months.
In terms of liquidity and interest, the mean open interest for Netflix options trades today is 651.29 with a total volume of 3,863.00.
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 $5.0 to $890.0 over the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
NFLX | CALL | TRADE | BULLISH | 09/20/24 | $244.0 | $242.9 | $244.0 | $400.00 | $732.0K | 138 | 30 |
NFLX | CALL | TRADE | BEARISH | 09/20/24 | $304.0 | $301.8 | $302.5 | $340.00 | $605.0K | 166 | 20 |
NFLX | CALL | SWEEP | BULLISH | 01/16/26 | $47.3 | $42.7 | $43.8 | $890.00 | $429.2K | 2.0K | 98 |
NFLX | CALL | SWEEP | NEUTRAL | 01/17/25 | $638.45 | $631.6 | $634.77 | $5.00 | $317.2K | 798 | 6 |
NFLX | PUT | TRADE | NEUTRAL | 09/20/24 | $82.8 | $79.3 | $81.05 | $725.00 | $202.6K | 70 | 138 |
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 275 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.
Having examined the options trading patterns of Netflix, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $749.0.
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.
Posted In: NFLX