Netflix Whale Trades Spotted

Netflix Whale Trades Spotted

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 42 uncommon options trades for Netflix.

This isn't normal.

The overall sentiment of these big-money traders is split between 35.71% bullish and 64.29%, bearish.

Out of all of the special options we uncovered, 16 are puts, for a total amount of …

Full story available on Benzinga.com