Netflix Unusual Options Activity For May 30
Portfolio Pulse from Benzinga Insights
A large bearish position on Netflix (NASDAQ:NFLX) has been spotted, with 52 uncommon options trades identified. The sentiment of these big-money traders is 34% bullish and 65% bearish. Whales have been targeting a price range from $10.0 to $500.0 for Netflix over the last 3 months.
May 30, 2023 | 2:15 pm
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A large bearish position has been identified in Netflix, with 65% of big-money traders being bearish. This may indicate a potential short-term downward pressure on the stock.
The article highlights a large bearish position on Netflix, with 65% of big-money traders being bearish. This indicates that there is a significant amount of money betting on the stock's decline, which could lead to short-term downward pressure on the stock price. Additionally, the article mentions that whales have been targeting a wide price range for Netflix, which could further contribute to volatility in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100