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NFLX

Netflix, Inc.Close $87.56EOD only

Max Pain

$90.00

Next expiry May 15, 2026

Expected Move

±$1.92

2.2% from close

Price Gap

+2.44

Distance to max pain

IV Rank

Low premium

P/C OI

0.74

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 13, 2026 close

End-of-day snapshot

This page reflects NFLX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 13, 2026 close

NFLX Flow Report

Analysis based on market close May 14, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

5.5 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); -0.5 spot 3.4% from MP; +1 VIX 17

Watch next session: Monitor $89 call OI; Watch for put hedging

Flow Summary

Net premium: -$11.6M bearish

P/C volume ratio: 0.60

P/C OI ratio: 0.74

Heavy near-expiry call volume at $89 and long-dated upside calls; net premium negative but put/call ratios bullish. Dealer gamma positive ($+226K) pins spot; spot below max pain. Elevated VIX but flow mixed, favoring bullish bias.

Notable Prints

NFLX 2027-01-15 $66.00 Call

Vol: 1,036

OI: 192

Vol/OI: 5.4x

IV: 52.2%

Notional: ~$2.6M

Intent: Bullish

Dual read: Open

Read-through: >$66

NFLX 2026-05-15 $102.00 Put

Vol: 1,050

OI: 205

Vol/OI: 5.1x

IV: 123.4%

Notional: ~$1.5M

Intent: Bearish

Dual read: Hedge

Read-through: <$102

NFLX 2026-05-22 $89.00 Call

Vol: 8,022

OI: 2,069

Vol/OI: 3.9x

IV: 29.7%

Notional: ~$626K

Intent: Bullish

Dual read: Speculative

Read-through: >$89

NFLX 2027-01-15 $67.00 Call

Vol: 1,036

OI: 295

Vol/OI: 3.5x

IV: 49.8%

Notional: ~$2.6M

Intent: Bullish

Dual read: Spread

Read-through: >$67

NFLX 2026-05-15 $89.00 Call

Vol: 55,508

OI: 16,887

Vol/OI: 3.3x

IV: 26.7%

Notional: ~$555K

Intent: Bullish

Dual read: Close

Read-through: >$89

Institutional Positioning

Call additions: Aggressive calls at 89C (55k vol) weekly and long-dated 66-68C Jan'27.

Put additions: Puts at 101-102P May 15 and 114P June 18.

GEX/DEX consistency: Positive GEX/DEX aligns with call-heavy flow.

OI clusters: Largest call OI at 89C (16.9k), put OI cluster ~73 (48k).

Hedging evidence: Puts at 101-102 hedge downside near expiry.

Max pain context: Spot 3.4% below MP; pinning to high call OI likely.

Signal vs Noise

~Signal: 89C volume surge (55k) vs OI (16.9k) real demand.

~Noise: Most prints are large; small puts may be noise but vol/oi >3.

Key Conclusions

📈Bullish call positioning at 89C and long-dated strikes signal upside conviction.

⚠️Spot below MP with high put OI at 73 could pin but near-term hedging evident.

How to Use These Reports

This flow reflects the market close on May 14, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.