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NFLX

Netflix, Inc.Close $82.18EOD only

Max Pain

$85.00

Next expiry Jun 12, 2026

Expected Move

±$2.88

3.5% from close

Price Gap

+2.82

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.77

Slightly call-heavy

Consensus

3.5/10

Bearish tilt

Published snapshot: Jun 5, 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 5, 2026 close

NFLX Flow Report

Analysis based on market close June 8, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +0.5 spot 1.6% from MP; +0.5 VIX 19

Watch next session: 75 gamma flip; recent high resistance

Flow Summary

Net premium: -$6.3M bearish

P/C volume ratio: 0.47

P/C OI ratio: 0.81

Bullish flow with heavy call buying (low put/call ratio) and negative GEX. Confidence high due to strong alignment and spot near MP.

Notable Prints

NFLX 2026-07-24 $85.00 Call

Vol: 1,127

OI: 211

Vol/OI: 5.3x

IV: 42.9%

Notional: ~$440K

Intent: Bullish call buying

Read-through:

NFLX 2026-06-26 $81.00 Call

Vol: 1,045

OI: 202

Vol/OI: 5.2x

IV: 34.9%

Notional: ~$355K

Intent: Bullish OTM call buying

Read-through:

NFLX 2026-09-18 $74.00 Call

Vol: 1,024

OI: 260

Vol/OI: 3.9x

IV: 47.4%

Notional: ~$1.5M

Intent: Bullish leap call buying

Read-through:

NFLX 2026-06-26 $101.00 Call

Vol: 952

OI: 266

Vol/OI: 3.6x

IV: 46.5%

Notional: ~$9K

Intent: Speculative OTM call

Read-through:

NFLX 2026-06-12 $83.00 Call

Vol: 19,367

OI: 6,129

Vol/OI: 3.2x

IV: 32.9%

Notional: ~$2.1M

Intent: Large bull call buying

Read-through:

Institutional Positioning

Call additions: Broad call buying across expirations; $83C 6/12 (19k vol), $85C 6/26 (3.8k vol)

Put additions: Near-term $82P 6/12 (8.8k vol) and long-dated $140P 1/27 (600 vol)

GEX/DEX consistency: Neg GEX (-$6.4M) vs pos DEX (+129M) – trending gamma, bullish delta

OI clusters: Put OI ~67k at $75 (9.2% below spot) gamma flip level

Hedging evidence: Put adds near-term and long-dated hedge vs upside call flow

Max pain context: Spot below MP; MP above current price; pin expected

Signal vs Noise

~High VIX (19) is noise; regime already high vol

~$82P 6/12 volume is signal of near-term hedging

~Broad call buying is signal of institutional bullish positioning

Key Conclusions

📈Large call additions signal institutional bullish view

🛡️Put additions at near-term and long-dated indicate hedging

⚠️Negative GEX near gamma flip ($75) suggests sharp move risk

How to Use These Reports

This flow reflects the market close on June 8, 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.