Netflix Sees Investors Taking Bearish Stance in Options Market, Benzinga Reports

$Netflix(NFLX.US)$ has seen investors with a lot of money to spend take a bearish stance on stock, Benzinga reported, citing 11 options trades. The overall sentiment of these big-money traders is split. About 45 of them were bearish and 36% were bullish, according to the report.

One of the trades involved a put for a total amount of $61,750, and 10 were calls, for a total amount of $455,332, the report showed. The trading volume and open interest data on the contracts signal the major market movers were eyeing prices ranging from $557.50 to $650 for Netflix over the last three months. The stock traded at $552.37, down 1.2% at 11:55 a.m. in New York Tuesday. Read the full report here: Options Corner: Netflix Sees Investors Taking Bearish Stance