Unpacking the Latest Options Trading Trends in Netflix
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Netflix (NASDAQ:NFLX), as revealed by Benzinga's options scanner. The scanner highlighted 42 extraordinary options activities, with 57% of the sentiment being bearish. Significant options trades include both puts and calls, with a notable volume and open interest. Analysts have mixed ratings on Netflix, with price targets ranging from $650 to $750. The stock is currently up 2.74% at $626.25.
August 07, 2024 | 4:02 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Deep-pocketed investors are showing a bearish sentiment towards Netflix, with 57% of options trades being puts. This could indicate potential downward pressure on the stock. Analysts have mixed ratings, with price targets ranging from $650 to $750.
The significant bearish sentiment among options traders, with 57% of trades being puts, suggests potential downward pressure on Netflix's stock price. However, the mixed analyst ratings and current stock price increase add complexity to the short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100