Decoding Netflix's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for Netflix (NASDAQ:NFLX) shows a significant amount of bearish sentiment among big-money investors. Benzinga's options scanner identified 134 uncommon options trades, with 67 puts totaling $7.66 million and 67 calls totaling $4.62 million. The overall sentiment is split, with 46% bearish and 41% bullish. NFLX's stock is currently down by 0.7%, trading at $626.97. Analysts maintain a positive outlook with a consensus target price of $737.4.

July 29, 2024 | 8:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Recent options activity for Netflix shows a significant amount of bearish sentiment among big-money investors. Benzinga's options scanner identified 134 uncommon options trades, with 67 puts totaling $7.66 million and 67 calls totaling $4.62 million. The overall sentiment is split, with 46% bearish and 41% bullish. NFLX's stock is currently down by 0.7%, trading at $626.97. Analysts maintain a positive outlook with a consensus target price of $737.4.
The significant bearish sentiment among big-money investors, as indicated by the high volume of put options, suggests a potential short-term decline in NFLX's stock price. However, the positive analyst ratings and target prices provide a counterbalance, indicating a mixed outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100