Home Options NFLXReports

NFLX

Netflix, Inc.Close $81.56EOD only

Max Pain

$84.00

Next expiry Jun 5, 2026

Expected Move

±$1.27

1.6% from close

Price Gap

+2.44

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.78

Slightly call-heavy

Consensus

5.5/10

Neutral tilt

Published snapshot: Jun 4, 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

Jun 4, 2026 close

NFLX Flow Report

Analysis based on market close June 5, 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 spot 1.0% from MP; +0.5 VIX 22

Watch next session: $82 support; $75 gamma flip

Flow Summary

Net premium: +$9.7M bullish

P/C volume ratio: 0.38

P/C OI ratio: 0.77

Aggressive call buying at $82/$83 strikes (+$1.2M net premium), put/call ratio 0.45, negative GEX -$500M, VIX elevated at 22. Flow dominant but elevated volatility warrants caution.

Notable Prints

NFLX 2026-07-10 $85.00 Call

Vol: 2,582

OI: 359

Vol/OI: 7.2x

IV: 31.1%

Notional: ~$522K

Intent: Bullish speculation

Read-through: Expects rally above $85

NFLX 2026-07-10 $86.00 Call

Vol: 2,474

OI: 368

Vol/OI: 6.7x

IV: 31.2%

Notional: ~$408K

Intent: Same bullish bet

Read-through: High conviction

NFLX 2026-06-05 $82.00 Call

Vol: 40,408

OI: 9,125

Vol/OI: 4.4x

IV: 14.6%

Notional: ~$768K

Intent: Short-term long

Dual read: Possible closing

Read-through: Extreme volume

NFLX 2026-06-05 $81.00 Put

Vol: 17,863

OI: 4,324

Vol/OI: 4.1x

IV: 15.6%

Notional: ~$18K

Intent: Bearish speculation

Dual read: May be closing

Read-through: Minimal premium

NFLX 2026-07-02 $77.00 Put

Vol: 2,610

OI: 635

Vol/OI: 4.1x

IV: 30.0%

Notional: ~$224K

Intent: Protective hedge

Dual read: Bearish bet

Read-through: Downside positioning

Institutional Positioning

Call additions: Heavy OTM calls: Jul 10 $85/$86, Sep $74, Jun 12 $84/$82

Put additions: Puts on Jun 5 $81 (today), Jul 2 $77, Jul 10 $81

GEX/DEX consistency: GEX -59.2M (short gamma) vs DEX +132.4M shares (long delta); consistent with bullish flow but high gamma risk

OI clusters: Jun 5 $83 call 9.5k, $82 call 9.1k, $81 put 4.3k; Jun 12 $84 call 4.6k

Hedging evidence: Put buys on Jul 2 $77 and Jul 10 $81 suggest downside hedging against bullish bets

Max pain context: Spot near MP (~$80); pinning potential with gamma flip at $75

Signal vs Noise

~Signal: $9.7M net premium, put/call vol 0.38, OTM call accumulation

~Signal: GEX negative but DEX positive, consistent with bullish delta positioning

~Noise: High VIX (21.5) and high vol regime may exaggerate flows

~Noise: Expiring today prints (Jun 5 $82 call, $81 put) are likely closing trades

Key Conclusions

📈Institutions are piling into OTM calls (Jul $85/$86) as a bullish bet despite market selloff.

⚠️Negative GEX indicates dealers short gamma, raising risk of violent moves if spot breaches gamma flip ($75).

🛡️Put buying on Jul $77 and $81 suggests hedging against downside, tempering the bullish flow.

How to Use These Reports

This flow reflects the market close on June 5, 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.