This Is What Whales Are Betting On Netflix
Portfolio Pulse from Benzinga Insights
Whales have shown a bullish stance on Netflix (NASDAQ:NFLX), with significant options trading activity indicating a targeted price range of $360 to $1100. Analysis of 47 trades reveals a mix of bullish and bearish expectations, with a higher volume in calls over puts. Noteworthy options activity includes trades with varying sentiments and expiration dates. Netflix's business model focuses on its streaming service, with a vast subscriber base and recent entry into ad-supported plans. The stock is currently up 2.1%, with analysts giving mixed reviews and target prices ranging from $440 to $800.

May 03, 2024 | 6:17 pm
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Whales' bullish bets and significant options activity suggest a positive outlook for Netflix, with a current uptick in stock price and mixed analyst ratings.
The bullish stance by whales, indicated by the volume and nature of options trades, alongside a recent stock price increase and diverse analyst target prices, suggests a positive short-term outlook for NFLX. However, the wide range of analyst target prices and the strategic shift towards ad-supported plans introduce some uncertainty, moderating the confidence level.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100