Netflix Unusual Options Activity For June 30
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Netflix (NASDAQ:NFLX), with a bearish stance being taken by a majority of investors. Of the 55 strange trades detected, 45% were bullish and 54% were bearish. The trades included 8 puts and 47 calls, with a total amount of $2,613,111. Whales have been targeting a price range from $5.0 to $550.0 for Netflix over the last 3 months. The current price of NFLX is up 2.95% at $440.87. Several financial institutions have maintained their ratings on Netflix, with price targets ranging from $375 to $500.

June 30, 2023 | 6:16 pm
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Netflix has seen unusual options activity, with a majority of investors taking a bearish stance. The current price of NFLX is up 2.95% at $440.87. Several financial institutions have maintained their ratings on Netflix, with price targets ranging from $375 to $500.
The unusual options activity indicates that investors are taking a bearish stance on Netflix, which could potentially impact the stock's price. However, the current price of NFLX is up, and several financial institutions have maintained their ratings on the company, indicating a level of confidence in its performance. Therefore, the short-term impact on the stock's price is uncertain.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100