Looking At Netflix's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Netflix (NASDAQ:NFLX) has been observed through unusual options activity. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $335.0 to $425.0 for Netflix over the last 3 months. Loop Capital upgraded its action to Buy with a price target of $500 while Oppenheimer downgraded its action to Outperform with a price target of $515.
August 28, 2023 | 2:32 pm
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Netflix has seen unusual options activity with a significant bullish stance. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $335.0 to $425.0 for Netflix over the last 3 months.
The unusual options activity indicates that there is a significant amount of money betting on the future price movement of Netflix. This could potentially drive the stock price up in the short term. The bullish sentiment among big-money traders also supports this. However, the fact that 40% of the sentiment is bearish indicates some level of uncertainty.
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