Netflix, option chain a lot of put buying. Thoughts?


Hi I have a live option flow subscription I noticed yesterday and today there has been a huge flow of Netflix January 20, 2023 Very Deep in the money long put purchases.

There was a transaction today at 12:43:37pm for $38,565,000 in premium for the 650 Strike today This is one of many that's been popping. These look like whale buys.

Curious what peoples thoughts on this would be? I hedge myself but never that Deep

I don't own netflix. This is just research.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *