Netflix Unusual Options Activity For June 20
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Netflix (NASDAQ:NFLX) with 45 unusual options trades detected. 48% of investors opened trades with bullish expectations and 51% with bearish. Whales have been targeting a price range of $100 to $600 for Netflix over the last 3 months.
June 20, 2023 | 4:31 pm
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A whale has taken a bearish stance on Netflix with 45 unusual options trades. Whales have been targeting a price range of $100 to $600 for Netflix over the last 3 months.
The bearish stance taken by a whale with a large amount of money to spend indicates that there may be a negative short-term impact on Netflix's stock price. The unusual options activity and the fact that 51% of investors have bearish expectations further support this assessment.
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IMPORTANCE 80
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