Netflix (NASDAQ:NFLX) has seen a surge in options activity, with a bearish sentiment prevailing among investors. Analysis of 36 trades reveals 30% bullish and 69% bearish expectations. The price target window is between $300 and $800. Recent options trading patterns indicate a focus on high-value trades within this price range. Netflix's business model, focusing on streaming services without live programming, has garnered nearly 250 million subscribers globally. The stock is currently up 0.3% at $632.0, with potential overbought signals. Analyst ratings suggest a consensus target price of $685.0, with varying recommendations from Outperform to Neutral.