Deep-pocketed investors have adopted a bullish approach towards Netflix (NASDAQ:NFLX), and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in NFLX usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga’s options scanner highlighted 58 extraordinary options activities for Netflix. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 50% leaning bullish and 41% bearish. Among these notable options, 12 are puts, totaling $529,332, and 46 are calls, amounting to $2,968,544.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $136.0 for Netflix over the recent three months.

Insights into Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Netflix’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Netflix’s significant trades, within a strike price range of $35.0 to $136.0, over the past month.

Netflix Option Volume And Open Interest Over Last 30 Days