A whale investor with significant financial resources has recently shown a bearish outlook on Netflix. Through an analysis of options history for Netflix, 49 unusual trades were identified. Out of these trades, 44% of the investors exhibited bullish expectations, while 55% had a bearish sentiment.
Breaking down the trades further, 24 of them were puts, with a total value of $1,485,361, and 25 were calls, with a total value of $1,524,937. By considering the volume and open interest on these contracts, it becomes evident that the whales have been targeting a price range between $310.0 and $580.0 for Netflix over the past three months.
In terms of liquidity and interest, the average open interest for Netflix options trades currently stands at 1248.55, with a total volume of 26,502.00. A chart depicting the volume and open interest of call and put options within a strike price range of $310.0 to $580.0 over the last 30 days showcases the development of these figures.
Looking at the current status of Netflix, the stock price is down -0.68% at $394.24, with a volume of 2,576,417. RSI indicators suggest that the stock is currently in a neutral position between being overbought and oversold. The next earnings report is expected to be released in 30 days.
Various experts have weighed in on Netflix’s performance. Oppenheimer has downgraded its rating to Outperform, setting a price target of $515. Evercore ISI Group maintains its Outperform rating with a price target of $500. Truist Securities downgraded its rating to Hold, with a price target of $485. Benchmark has taken a more negative stance, downgrading its rating to Sell, with a price target of $293.
Options trading carries higher risk compared to trading the stock directly, but it also offers greater profit potential. Serious options traders minimize this risk staying informed, scaling their trades, following multiple indicators, and closely monitoring the markets. For real-time options trade alerts on Netflix, Benzinga Pro is a valuable resource.
Definitions:
– Whale investor: A term used to describe an individual or institution with substantial financial resources who can make significant market moves.
– Bullish: An optimistic outlook on the price of a particular security, expecting it to rise.
– Bearish: A pessimistic outlook on the price of a particular security, expecting it to fall.
– Options: Financial derivatives that give the holder the right, but not the obligation, to buy (call option) or sell (put option) an underlying asset at a specific price and within a specific timeframe.
– Volume: The number of shares or contracts traded in a security during a given period.
– Open Interest: The total number of options contracts that are currently held market participants and have not yet been closed.
– RSI (Relative Strength Index): A technical indicator used to measure the speed and change of price movements, providing insights into overbought or oversold conditions.
– Price target: The projected future level at which a stock is expected to trade based on an analysis of its fundamentals and market conditions.
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