Option Volume Picks Up as Netflix, Inc. (NFLX) Slides

Netflix, Inc. (NFLX) calls and puts are both accelerated today

Digital Content Group
Mar 9, 2015 at 12:19 PM
facebook X logo linkedin


Since the start of the year, Netflix, Inc. (NASDAQ:NFLX) has added over 30%, thanks to an earnings-induced bull gap on Jan. 21. Today, though, the shares are lower, dropping 1.9% to hit $445.53. In NFLX's options pits, overall option volume is accelerated, as traders place bets on both sides of the aisle.

The most popular contract overall is the weekly 3/13 460-strike call, which it appears as if some traders are buying to open. These speculators are looking for NFLX to rebound from today's losses and eclipse $460 by the close on Friday, when the options expire. Other traders aren't as hopeful toward the shares, with buy-to-open activity detected at the in-the-money weekly 3/13 450-strike put, as traders look to profit on a move further below $450.

Call buying has dominated NFLX's options pits in recent months. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 50-day call/put volume ratio of 1.07 is only 8 percentage points from an annual extreme.

Elsewhere, sentiment is more mixed. Currently, 14 covering analysts rate Netflix, Inc. (NASDAQ:NFLX) a "buy" or better, while another 14 call it a "hold" or worse. Meanwhile, its average 12-month price target comes in at $445.51 -- roughly in line with present trading levels.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI