NTAP options flow: unusual options activity in NetApp, Inc.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 39 unusual options prints in NetApp, Inc. (NTAP), $3.9M of tracked premium, leaning firmly bearish. Bullish premium was $1.1M against $2.7M bearish; $2.0M went into calls and $1.9M into puts, a put call ratio of 0.97. The largest print was $497K of NTAP 18 Dec 2026 $210 puts on 21 September 2026, swept at ask. The last session with prints, 28 September 2026, added 1 print and $31K of premium. NTAP closed at $201.15 on 25 September 2026, up 2.0%.
This week's unusual flow
Prints from 21 September 2026 to 28 September 2026, 6 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 21 Sep 2026 | NTAP 18 Dec 2026 $210 puts | Sweep | 182 | 323 | $497K | At ask | Bearish | High conviction |
| 24 Sep 2026 | NTAP 18 Dec 2026 $210 calls | Trade | 200 | 207 | $313K | Below bid | Bearish | Notable |
| 23 Sep 2026 | NTAP 20 Nov 2026 $195 calls | Trade | 199 | 700 | $295K | At bid | Bearish | |
| 21 Sep 2026 | NTAP 18 Dec 2026 $200 puts | Sweep | 87 | 29 | $181K | At ask | Bearish | High conviction |
| 21 Sep 2026 | NTAP 15 Jan 2027 $210 puts | Sweep | 56 | 24 | $160K | At ask | Bearish | High conviction |
| 22 Sep 2026 | NTAP 18 Dec 2026 $190 calls | Sweep | 67 | 378 | $141K | At ask | Bullish | Notable |
| 23 Sep 2026 | NTAP 16 Oct 2026 $190 calls | Trade | 102 | 592 | $117K | At bid | Bearish | |
| 24 Sep 2026 | NTAP 20 Nov 2026 $210 puts | Sweep | 62 | 6 | $116K | At ask | Bearish | High conviction |
| 23 Sep 2026 | NTAP 16 Oct 2026 $190 puts | Trade | 181 | 755 | $116K | At bid | Bullish | |
| 21 Sep 2026 | NTAP 16 Oct 2026 $200 puts | Trade | 91 | 197 | $104K | At bid | Bullish | |
| 23 Sep 2026 | NTAP 18 Dec 2026 $200 puts | Sweep | 49 | 118 | $103K | At ask | Bearish | High conviction |
| 25 Sep 2026 | NTAP 15 Jan 2027 $200 calls | Sweep | 50 | 287 | $103K | At bid | Bearish | Notable |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 18 Dec 2026 | 7 | $1.3M | 34% | -$1.1M |
| 16 Oct 2026 | 14 | $994K | 54% | -$13K |
| 20 Nov 2026 | 7 | $675K | 59% | -$358K |
| 15 Jan 2027 | 4 | $440K | 64% | -$236K |
| 21 Jan 2028 | 6 | $368K | 79% | +$46K |
| 19 Mar 2027 | 1 | $48K | 0% | +$48K |
The most premium, $1.3M, is aimed at the 18 Dec 2026 expiry; the nearest expiry with unusual prints is 16 Oct 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 28 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 28 Sep 2026 | NTAP 21 Jan 2028 $240 calls | Trade | 9 | 13 | $31K | At ask | Bullish |
Every print in NTAP with its full detail, the live tape, one tap filters and saved screeners: open NTAP in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open NTAP in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 13 firms, have a median of $191, 5.0% below the last close. The last 90 days brought 1 upgrade.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About NetApp, Inc.
- Exchange
- Nasdaq
- Sector
- Information Technology
- Industry
- Computer Hardware
- Headquarters
- Sunnyvale, California
- Website
- netapp.com
NetApp, Inc. provides software, systems, and cloud services to manage and share data on-premises, and private and public clouds worldwide. The company offers cloud storage services, cloud control solutions, such as NetApp Cloud Manager and NetApp Virtual Desktop Service. It also provides payment solutions and storage-as-a-service under the NetApp Keystone name.
In the same sector
Flow pages for other Information Technology names in the S&P 500:
NVDA NVIDIA Corp.AAPL Apple Inc.MSFT Microsoft Corp.AVGO Broadcom Inc.MU Micron Technology Inc.AMD Advanced Micro Devices Inc.INTC Intel Corp.PLTR Palantir Technologies Inc.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for NTAP with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open NTAP in Options Sentiment Screener