Netflix (NASDAQ:NFLX): Analysis of Netflix’s Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on Netflix NFLX.

And retailers should know.

We became aware of this today when the large position in the publicly available options history that we track here at Benzinga surfaced.

Whether it’s an institution or just a wealthy individual, we don’t know. But when something this big happens with NFLX, it often means someone knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga’s options scanner detected 40 rare option trades for Netflix.

This is not normal.

The overall sentiment from these big money traders is split between 35% bullish and 65% bearish.

Of all the special options we discovered, 29 are puts, for a total amount of $2,463,463, and 11 are calls, for a total amount of $409,567.

What is the target price?

Considering the volume and open interest of these contracts, it appears that the whales have been targeting a price range of $180.0 to $560.0 for Netflix over the last 3 months.

Volume development and open interest

Observing volume and open interest is an insightful way to perform due diligence on a stock.

This data can help you track Netflix options liquidity and interest for a given strike price.

Below, we can look at the evolution of call and put volume and open interest, respectively, for all Netflix whale activity within a strike price range of $180.0 to $560.0 over the last 30 days.

Netflix options volume and open interest in the last 30 days

Largest options detected:







Symbol PUT/FLAME trade type Feeling Exp Date exercise price full trading price open interest Volume
NFLX PUT TRADE BEARISH 06/16/23 $200.00 $652.5K 995 250
NFLX PUT TRADE BULLISH 12/16/22 $200.00 $372.5K 1.8K 251
NFLX PUT SWEEP BEARISH 09/16/22 $230.00 $163.5K 1.8K 23
NFLX PUT TRADE BULLISH 10/21/22 $220.00 $142.1K 3.9K 340
NFLX PUT SWEEP BULLISH 11/18/22 $190.00 $74.7K 2.0K 12







Symbol PUT/FLAME trade type Feeling Exp Date exercise price full trading price open interest Volume
NFLX PUT TRADE BEARISH 06/16/23 $200.00 $652.5K 995 250
NFLX PUT TRADE BULLISH 12/16/22 $200.00 $372.5K 1.8K 251
NFLX PUT SWEEP BEARISH 09/16/22 $230.00 $163.5K 1.8K 23
NFLX PUT TRADE BULLISH 10/21/22 $220.00 $142.1K 3.9K 340
NFLX PUT SWEEP BULLISH 11/18/22 $190.00 $74.7K 2.0K 12

Where is Netflix right now?

  • With a volume of 3,903,877, the price of NFLX is down -2.45% to $223.36.
  • The RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • The next earnings are expected to be released in 40 days.

What experts say about Netflix:

  • CFRA downgraded its stock to Sell with a price target of $238
  • Jefferies has decided to maintain its hold rating on Netflix, which currently has a price target of $230.
  • Macquarie updated its stock to Neutral with a price target of $230

Options are a riskier asset compared to stock trading, 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 closely following the markets.

If you want to stay up to date on the latest options trades for Netflix, Benzinga Pro gives you real-time option trade alerts.

See also  John Carpenter wants to adapt "Dead Space" into a horror movie

Leave a Comment