Netflix Unusual Options Activity For August 16
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Netflix (NASDAQ:NFLX) has been observed through unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The majority of the options are puts, with a total amount of $654,622, and there was 1 call, for a total amount of $33,470. The price range targeted by these traders for Netflix over the last 3 months is from $365.0 to $710.0.
August 16, 2023 | 5:01 pm
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Netflix has seen unusual options activity with a bearish sentiment. The majority of the options are puts, indicating a potential decrease in the stock price.
The unusual options activity, particularly the high number of puts, indicates that traders are expecting the price of Netflix's stock to decrease. This bearish sentiment could potentially lead to a short-term decrease in the stock price.
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