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Netflix Whale Trades For December 29

Someone with a lot of money to spend has taken a bearish stance on Netflix (NASDAQ:NFLX). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga · 12/29/2021 13:16

Someone with a lot of money to spend has taken a bearish stance on Netflix (NASDAQ:NFLX).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with NFLX, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 22 uncommon options trades for Netflix.

This isn't normal.

The overall sentiment of these big-money traders is split between 36% bullish and 63%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $543,320, and 17 are calls, for a total amount of $958,049.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $340.0 to $700.0 for Netflix over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Netflix options trades today is 1171.53 with a total volume of 1,523.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Netflix's big money trades within a strike price range of $340.0 to $700.0 over the last 30 days.

Netflix Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
NFLX PUT TRADE BULLISH 01/20/23 $550.00 $365.6K 1.1K 66
NFLX CALL SWEEP BEARISH 01/20/23 $580.00 $204.0K 2.5K 20
NFLX CALL TRADE BULLISH 01/21/22 $655.00 $146.0K 1.2K 205
NFLX CALL SWEEP NEUTRAL 01/21/22 $590.00 $61.8K 1.0K 18
NFLX PUT SWEEP BEARISH 01/21/22 $550.00 $56.1K 5.2K 135

Where Is Netflix Standing Right Now?

  • With a volume of 593,917, the price of NFLX is down -0.41% at $608.21.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 22 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.