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NFLX

Netflix, Inc.Close $81.41EOD only

Max Pain

$84.00

Next expiry Jun 12, 2026

Expected Move

±$2.10

2.6% from close

Price Gap

+2.59

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.81

Slightly call-heavy

Consensus

7.0/10

Bearish tilt

Published snapshot: Jun 9, 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 9, 2026 close

NFLX Flow Report

Analysis based on market close June 9, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; -0.5 spot 3.1% from MP; +0.5 VIX 20

Watch next session: Break of $75; Sustained above $80?

Flow Summary

Net premium: -$20.9M bearish

P/C volume ratio: 0.59

P/C OI ratio: 0.81

Heavy put buying and negative GEX bearish. Spot $81 near $75 gamma flip. Large ITM put hedges. Dealer short gamma amplifies downside. Next: break below $75 confirms; above $85 invalidates.

Notable Prints

NFLX 2026-09-18 $74.00 Call

Vol: 1,024

OI: 260

Vol/OI: 3.9x

IV: 47.0%

Notional: ~$1.5M

Intent: Bullish long-term speculation

Read-through: Expects stock above $74 by Sep

NFLX 2026-06-18 $109.00 Put

Vol: 856

OI: 255

Vol/OI: 3.4x

IV: 80.1%

Notional: ~$2.3M

Intent: Bearish near-term hedge

Dual read: Possible put spread

Read-through: Anticipates drop below $109 within 9 days

NFLX 2026-06-26 $88.00 Call

Vol: 3,264

OI: 1,075

Vol/OI: 3.0x

IV: 32.6%

Notional: ~$144K

Intent: Bullish near-term speculation

Read-through: Expects stock above $88 by June 26

NFLX 2027-01-15 $140.00 Put

Vol: 600

OI: 200

Vol/OI: 3.0x

IV: 46.5%

Notional: ~$3.5M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NFLX 2026-06-18 $114.00 Put

Vol: 1,053

OI: 462

Vol/OI: 2.3x

IV: 139.4%

Notional: ~$3.5M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Calls added at 74 Sep, 81 Jun12, 88 Jun26, 95 Jul24.

Put additions: Puts added at 109 Jun18, 114 Jun18, 140 Jan27.

GEX/DEX consistency: GEX negative vs DEX positive - mixed regime.

OI clusters: Put OI concentration 67.5K 7.9% below spot; call OI large at 81 Jun12 (1.5K).

Hedging evidence: Long-dated put 140 Jan27 suggests downside hedge.

Max pain context: Spot below MP, pin to MP likely but weak due to mixed flow.

Signal vs Noise

~Large call vol at 81 Jun12 is noise due to expiration this week.

~Put vol at 109 and 114 Jun18 is real hedging signal.

Key Conclusions

🔴Large put buying for near-term and long-term hedging suggests institutional caution.

🟢One far OTM Sept call added; near-term calls largely noise, limited bullish conviction.

🟡Mixed GEX/DEX and negative net premium reflect uncertainty.

How to Use These Reports

This flow reflects the market close on June 9, 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.