A Closer Look at Netflix's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Financial analysis reveals a bearish sentiment in Netflix's (NASDAQ:NFLX) options market, with 67% of trades showing bearish tendencies. The analysis highlighted unusual trading activity, including 143 trades with a focus on a price band between $40.0 and $1000.0. The largest trades included both bearish and bullish sentiments, with significant activity around the $290.00 strike price. Netflix, with its vast subscriber base and recent move into ad-supported plans, is currently trading up by 0.54% at $608.08, with analysts setting an average price target of $705.0.
March 11, 2024 | 7:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Netflix shows a bearish sentiment in options trading but trades up by 0.54% at $608.08. Analysts have set an average price target of $705.0, indicating potential upside.
The bearish sentiment in the options market contrasts with the current positive trading performance and optimistic analyst targets. This discrepancy suggests that while short-term options traders may be cautious, the overall market and analysts see potential growth in Netflix's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100