Whales with a lot of money to spend have taken a noticeably bearish stance on Netflix.
Looking at options history for Netflix (NASDAQ:NFLX) we detected 72 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 23 are puts, for a total amount of $2,130,742 and 49, calls, for a total amount of $5,640,761.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $0.5 to $210.0 for Netflix over the recent three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Netflix’s options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Netflix’s substantial trades, within a strike price spectrum from $0.5 to $210.0 over the preceding 30 days.
Netflix Call and Put Volume: 30-Day Overview
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 | SWEEP | BEARISH | 03/20/26 | $4.75 | $4.65 | $4.73 | $86.00 | $314.7K | 4.8K | 3.6K |
| NFLX | PUT | SWEEP | BEARISH | 03/20/26 | $4.25 | $4.15 | $4.23 | $85.00 | $265.2K | 5.1K | 1.2K |
| NFLX | CALL | SWEEP | BULLISH | 03/20/26 | $4.45 | $4.35 | $4.43 | $93.00 | $225.8K | 1.3K | 735 |
| NFLX | CALL | SWEEP | BULLISH | 03/20/26 | $4.2 | $4.2 | $4.2 | $94.00 | $210.0K | 3.7K | 571 |
| NFLX | PUT | SWEEP | NEUTRAL | 03/20/26 | $5.75 | $5.6 | $5.68 | $88.00 | $151.7K | 2.6K | 404 |
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.
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
Current Position of Netflix
- With a volume of 33,570,602, the price of NFLX is down -2.28% at $88.26.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 6 days.
What Analysts Are Saying About Netflix
3 market experts have recently issued ratings for this stock, with a consensus target price of $107.33.
- An analyst from CFRA has revised its rating downward to Hold, adjusting the price target to $100.
- An analyst from TD Cowen has decided to maintain their Buy rating on Netflix, which currently sits at a price target of $115.
- In a cautious move, an analyst from HSBC downgraded its rating to Buy, setting a price target of $107.
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.
