Behind the Scenes of Netflix's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish trend towards Netflix (NASDAQ:NFLX) through options trading, with significant activity detected by Benzinga's options scanner. The sentiment is mixed, with 38% bearish and 33% bullish. Analysts have set price targets ranging from $635 to $760, while the stock is currently trading at $716.63.
October 04, 2024 | 7:32 pm
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Netflix is experiencing significant options activity with a bearish trend among investors. Analysts have mixed ratings with price targets from $635 to $760. The stock is currently trading at $716.63, up 1.39%.
The significant bearish options activity suggests investors expect a potential decline in Netflix's stock price. Despite some bullish sentiment, the overall trend is bearish. Analysts' price targets are below the current trading price, indicating potential downside.
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