Netflix Unusual Options Activity For August 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. The price range targeted by these investors over the last 3 months is from $5.0 to $470.0. Loop Capital has upgraded its action to Buy with a price target of $500, while Oppenheimer has downgraded its action to Outperform with a price target of $515. The next earnings are expected to be released in 48 days.
August 30, 2023 | 2:17 pm
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Netflix has seen unusual options activity with a bearish stance. The price targets range from $5.0 to $470.0. Loop Capital has upgraded its action to Buy with a price target of $500, while Oppenheimer has downgraded its action to Outperform with a price target of $515.
The bearish stance taken by a majority of investors in the options market indicates a potential downward pressure on the stock price. However, the upgrades and downgrades by Loop Capital and Oppenheimer respectively, suggest a mixed outlook. The upcoming earnings release could also influence the stock's direction.
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