Okay, so there's this thing called Netflix. It's a company that lets people watch movies and TV shows on their phones, computers, or TVs. They have lots of customers all over the world, almost 250 million! Recently, they started letting some people watch for less money if they see ads.

Sometimes, people who own a part of Netflix, called stocks, want to make more money from their shares. They can do this by trading something called options. Options are like special keys that let you do different things with your Netflix stocks. You can use them to buy or sell the stocks at a certain price and for a limited time.

People who trade options need to be careful, because it can be risky. But if they make good choices, they can make more money than just owning the regular stocks. Some people watch what other people do with their options carefully, so they know when someone might be doing something big or important with Netflix. These people write articles like this one to share what they've seen and help others decide if they want to trade options too. Read from source...

1. The article does not clearly state the purpose or the main argument behind discussing the unusual options activity for Netflix. It seems to be more of a collection of facts and figures rather than an analysis or insight into what might be driving the trades or why they are significant.
2. The article uses vague terms like "big money trades" and "some of the biggest options spotted" without providing any context or criteria for what constitutes as big money or significant options activity. This makes it hard for readers to understand the scope and importance of the trades mentioned in the article.
3. The article provides a lot of information about Netflix's business model, subscriber base, and recent developments, but does not explain how these factors might influence the options market or the trades being discussed. This makes it hard for readers to connect the dots between the company's performance and the options activity.
4. The article quotes an analyst from Jefferies who has a buy rating on Netflix with a target price of $700, but does not provide any analysis or reasoning behind this recommendation. This makes it seem like the analyst's opinion is being presented as fact rather than as one possible perspective among many.
5. The article ends with a promotional pitch for Benzinga Pro, which seems out of place and irrelevant to the topic at hand. It does not add any value or credibility to the article, but rather detracts from it by appearing as a self-serving advertisement.

- Buy Netflix stock at the current market price of $548.35 with a total volume of 36,149.00. This is based on the strong fundamentals of the company, its dominance in the streaming industry, and the positive analyst ratings from Jefferies and others.
- Sell Netflix call options at the strike price of $685 with a total volume of 3,615 contracts. This is based on the high open interest and volume of these options, which indicates that they are overpriced and due for a correction. The potential profit from this trade is limited to the premium received from selling the options, while the risk is limited to the difference between the strike price and the current market price of Netflix stock.
- Buy Netflix put options at the strike price of $410 with a total volume of 3,615 contracts. This is based on the potential downside protection that these options offer in case of a sudden drop in Netflix's share price. The risk from this trade is limited to the premium paid for buying the options, while the reward is unlimited if Netflix stock falls below the strike price.
- Diversify your portfolio by investing in other sectors and industries that are not directly affected by Netflix's performance. This can be done by purchasing exchange-traded funds (ETFs) or individual stocks that track various indices, such as the S&P 500, the NASDAQ, or the Russell 2000. This is based on the principle of not putting all your eggs in one basket and reducing your exposure to market risk.