Behind the Scenes of Netflix's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Investors have shown a bearish stance on Netflix (NASDAQ:NFLX), with unusual options activity indicating a split sentiment of 40% bullish and 59% bearish. Benzinga's options scanner revealed 27 uncommon trades, with a focus on a price range of $460.0 to $600.0 for Netflix. The largest trades include both bullish and bearish positions on calls with various expiration dates and strike prices. Netflix's market status shows a 2.27% price increase to $567.13, with potential overbought signals. Analyst ratings vary, with an average target price of $538.0, suggesting mixed expectations for Netflix's future performance.
February 14, 2024 | 3:16 pm
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NEUTRAL IMPACT
Unusual options activity and mixed analyst ratings indicate uncertainty around Netflix's future performance, despite a recent price increase.
The bearish sentiment from large investors, combined with a split in analyst ratings, creates uncertainty. However, the recent price increase and the company's strong subscriber base may counterbalance negative sentiment in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100