Netflix Unusual Options Activity For September 08
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Netflix (NASDAQ:NFLX), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $200 and $590. The current price of NFLX is $443.11, down by 0.01%. Truist Securities maintains a Hold rating on Netflix with a price target of $485, while Oppenheimer and Loop Capital have price targets of $515 and $500 respectively.
September 08, 2023 | 7:01 pm
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Netflix has seen unusual options activity with a bearish sentiment. The stock's current price is $443.11, with price targets from various firms ranging from $485 to $515.
The bearish sentiment observed in the unusual options activity indicates that investors expect the price of Netflix to decrease. This, combined with the current price being below the price targets set by Truist Securities, Oppenheimer, and Loop Capital, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100