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NFLX

Netflix, Inc.Close $88.60EOD only

Max Pain

$89.00

Next expiry May 29, 2026

Expected Move

±$2.56

2.9% from close

Price Gap

+0.40

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.78

Slightly call-heavy

Consensus

8.0/10

Bullish tilt

Published snapshot: May 22, 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 22, 2026 close

NFLX Flow Report

Analysis based on market close May 26, 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); +0.5 spot 1.5% from MP; +1 VIX 17

Watch next session: Monitor $90 call OI; Watch for gamma flip support

Flow Summary

Net premium: +$5.2M bullish

P/C volume ratio: 0.57

P/C OI ratio: 0.80

Aggressive call buying across strikes, led by weekly 90C and 86C, signal bullish conviction. Net premium +$5.2M and low put/call ratio reinforce upward bias. Gamma pinning near $75 with positive GEX suggests limited downside.

Notable Prints

NFLX 2026-07-02 $90.00 Call

Vol: 1,042

OI: 142

Vol/OI: 7.3x

IV: 33.0%

Notional: ~$276K

Intent: Bullish speculation

Read-through: Rally above $90 by Jul

NFLX 2026-05-29 $86.00 Call

Vol: 3,307

OI: 667

Vol/OI: 5.0x

IV: 31.7%

Notional: ~$721K

Intent: Short-term bullish

Dual read: Short put hedge

Read-through: Price up by May 29

NFLX 2026-06-18 $121.00 Call

Vol: 2,290

OI: 712

Vol/OI: 3.2x

IV: 52.0%

Notional: ~$9K

Intent: Lottery speculation

Dual read: Spread component

Read-through: Extreme upside by Jun 18

NFLX 2026-05-29 $87.00 Put

Vol: 12,304

OI: 3,948

Vol/OI: 3.1x

IV: 28.7%

Notional: ~$886K

Intent: Hedge/bearish

Dual read: Collar piece

Read-through: Protect below $87 by May 29

NFLX 2026-06-26 $81.00 Put

Vol: 574

OI: 237

Vol/OI: 2.4x

IV: 31.7%

Notional: ~$48K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Heavy buying at 86,88,90 weekly calls; also 90 Jul and 121 Jun calls

Put additions: Large volume at 87 weekly put (12k vol); smaller at 81 Jun/Aug

GEX/DEX consistency: Positive GEX ($53.5M) and DEX (+122M shares) align with bullish flow

OI clusters: Highest OI at 90C (13.6k) and 87P (3.9k), pinning near these levels

Hedging evidence: 87 put surge likely protective, collaring downside against upside bets

Max pain context: Spot below MP (~90?), gamma pinning expected to hold

Signal vs Noise

~High 87 put volume is likely hedging, not bearish signal

~Aggressive 90C OI buildup confirms bullish conviction

~Weekly expiration skews volume; focus on consistent strikes

Key Conclusions

📈Call accumulation across strikes signals strong bullish sentiment

📍Positive GEX and low put/call ratio indicate pinning near $90

🛡️Put activity suggests hedging, not directional bearishness

How to Use These Reports

This flow reflects the market close on May 26, 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.