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NFLX

Netflix, Inc.Close $89.30EOD only

Max Pain

$89.00

Next expiry May 22, 2026

Expected Move

±$1.29

1.4% from close

Price Gap

-0.30

Distance to max pain

IV Rank

Low premium

P/C OI

0.79

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 21, 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 21, 2026 close

NFLX Flow Report

Analysis based on market close May 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.4% from MP; +1 VIX 17

Watch next session: 5/29 $89 Call activity; 2027 $74/$73 Calls

Flow Summary

Net premium: +$13.3M bullish

P/C volume ratio: 0.48

P/C OI ratio: 0.78

Net premium +$13.3M, low P/C ratio 0.48, positive GEX pinning at $75, bullish flow regime. Unusual call volume in 5/29 $89 and 2027 $74/$73 calls. Confidence 9/10.

Notable Prints

NFLX 2026-05-29 $89.00 Call

Vol: 11,303

OI: 4,137

Vol/OI: 2.7x

IV: 25.2%

Notional: ~$1.3M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NFLX 2027-01-15 $74.00 Call

Vol: 1,310

OI: 612

Vol/OI: 2.1x

IV: 50.9%

Notional: ~$2.8M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NFLX 2027-01-15 $73.00 Call

Vol: 1,310

OI: 678

Vol/OI: 1.9x

IV: 53.6%

Notional: ~$2.9M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NFLX 2026-05-29 $88.00 Put

Vol: 4,051

OI: 2,294

Vol/OI: 1.8x

IV: 24.1%

Notional: ~$385K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NFLX 2026-05-22 $89.00 Call

Vol: 22,765

OI: 13,723

Vol/OI: 1.7x

IV: 6.1%

Notional: ~$23K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Calls added at $89 for multiple expirations, net premium +$13.3M.

Put additions: Puts at $88/89 for hedging, ratio low.

GEX/DEX consistency: GEX/DEX positive, consistent with bullish flow.

OI clusters: $89 call OI largest, gamma flip at $75.

Hedging evidence: Put hedging at $88/89; gamma pinning.

Max pain context: Spot near max pain, pinning.

Signal vs Noise

~Heavy call buying and net premium positive: signal of bullish institutional flow.

~Low put/call ratio and positive GEX/DEX confirm.

~VIX 17 is noise (normal volatility).

~Put hedging at $88/89: caution signal.

Key Conclusions

🚀Heavy call accumulation at $89, net premium $13.3M – bullish sentiment.

🛡️Put hedging at $88/89 near highs warns of potential pullback.

✅Positive GEX/DEX and gamma pinning support upside bias.

How to Use These Reports

This flow reflects the market close on May 22, 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.