This Is What Whales Are Betting On Netflix - Netflix (NASDAQ:NFLX)

Core Viewpoint - Investors with significant capital have adopted a bearish stance on Netflix, indicating potential insider knowledge of upcoming events [1] Group 1: Options Activity - Benzinga's options scanner identified 101 uncommon options trades for Netflix, with a sentiment split of 32% bullish and 45% bearish [2] - The total amount for put options is $1,113,746, while call options total $5,831,306, suggesting a stronger interest in calls [2] - Whales have targeted a price range for Netflix between $650.0 and $1780.0 over the last three months based on volume and open interest [3] Group 2: Volume and Open Interest - The mean open interest for Netflix options trades today is 372.96, with a total volume of 16,664.00 [4] - A chart tracking the development of volume and open interest for call and put options within the $650.0 to $1780.0 strike price range over the last 30 days is available [4] Group 3: Company Overview - Netflix operates a streaming service with over 300 million subscribers globally, making it the largest television entertainment provider in the U.S. and internationally [11] - The company has introduced ad-supported subscription plans in 2022, diversifying its revenue sources beyond traditional subscription fees [11] Group 4: Analyst Ratings - Two market experts have issued ratings for Netflix, with a consensus target price of $1425.0 [12] - An analyst from Needham has lowered its rating to Buy with a new price target of $1500, while Loop Capital upgraded its rating to Buy with a target of $1350 [13] Group 5: Current Market Status - Netflix is currently trading at $1200.61, down by 1.47%, with an anticipated earnings release in 27 days [15]