What the Options Market Tells Us About Netflix
Portfolio Pulse from Benzinga Insights
The options market shows a mixed sentiment towards Netflix (NASDAQ:NFLX) with a slight bearish tilt. Out of 94 unusual trades, 51 were puts valued at $5.58 million, and 43 were calls valued at $2.11 million. Analysts have set a price target range from $200 to $885, with a consensus target price of $704.8. Netflix's current trading volume is 1,993,237, with a price of $633.14, and the stock is neutral on RSI indicators. Earnings are expected in 65 days.
August 12, 2024 | 8:30 pm
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The options market shows a mixed sentiment towards Netflix with a slight bearish tilt. Analysts have set a price target range from $200 to $885, with a consensus target price of $704.8. Netflix's current trading volume is 1,993,237, with a price of $633.14, and the stock is neutral on RSI indicators. Earnings are expected in 65 days.
The mixed sentiment in the options market, combined with a slight bearish tilt, suggests uncertainty in the short term. However, the consensus target price is higher than the current price, indicating potential for growth. The neutral RSI and upcoming earnings announcement add to the uncertainty.
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