Investors with a lot of money to spend have taken a bearish stance on Netflix (NASDAQ:NFLX).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, 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 these investors just did?
Today, Benzinga‘s options scanner spotted 8 uncommon options trades for Netflix.
This isn’t normal.
The overall sentiment of these big-money traders is split between 37% bullish and 50%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $199,016, and 5 are calls, for a total amount of $268,930.
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 $1150.0 to $1420.0 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 760.75 with a total volume of 607.00.
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 $1150.0 to $1420.0 over the last 30 days.
Netflix Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NFLX | CALL | TRADE | NEUTRAL | 10/10/25 | $23.85 | $21.35 | $22.6 | $1155.00 | $113.0K | 27 | 69 |
| NFLX | PUT | TRADE | BEARISH | 10/03/25 | $110.55 | $104.3 | $110.55 | $1260.00 | $88.4K | 1 | 0 |
| NFLX | PUT | TRADE | BEARISH | 10/10/25 | $24.0 | $20.85 | $24.0 | $1165.00 | $81.6K | 302 | 68 |
| NFLX | CALL | TRADE | BEARISH | 06/18/26 | $283.25 | $280.0 | $280.0 | $940.00 | $56.0K | 108 | 3 |
| NFLX | CALL | TRADE | BULLISH | 11/21/25 | $54.0 | $51.0 | $54.0 | $1200.00 | $54.0K | 3.4K | 11 |
About Netflix
Netflix’s relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 300 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided a regular slate of live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm introduced ad-supported subscription plans in 2022, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
Having examined the options trading patterns of Netflix, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Netflix
- Trading volume stands at 821,358, with NFLX’s price down by -1.97%, positioned at $1147.8.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 19 days.
Professional Analyst Ratings for Netflix
In the last month, 2 experts released ratings on this stock with an average target price of $1425.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access.
* In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $1500.
* Showing optimism, an analyst from Loop Capital upgrades its rating to Buy with a revised price target of $1350.
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 want to stay updated on the latest options trades for Netflix, Benzinga Pro gives you real-time options trades alerts.
Market News and Data brought to you by Benzinga APIs
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.