Netflix Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected 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 $310.0 to $580.0. The current price of NFLX is down -0.68% at $394.24. Analysts have mixed opinions, with price targets ranging from $293 to $515.
September 18, 2023 | 5:31 pm
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Netflix has seen unusual options activity, with a bearish stance being taken by a majority of investors. The current price of NFLX is down -0.68% at $394.24. Analysts have mixed opinions, with price targets ranging from $293 to $515.
The bearish stance taken by a majority of investors in the options market indicates a negative sentiment towards Netflix. This, combined with the current downward trend in the stock's price, suggests a potential short-term negative impact on the stock. Additionally, the wide range of price targets given by analysts indicates uncertainty about the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100