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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 10, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +0.5 spot 1.2% from MP

Watch next session: $75 pivot; $91 call; $74 call

Flow Summary

Net premium: -$17.4M bearish

P/C volume ratio: 0.57

P/C OI ratio: 0.80

Broad down market but NFLX flow shows net premium selling (likely short puts) and positive delta, indicating bullish tilt. Unusual prints include large OTM calls and ITM puts. Negative gamma amplifies near $75. Bias favors upside.

Notable Prints

NFLX 2026-06-26 $91.00 Call

Vol: 3,964

OI: 763

Vol/OI: 5.2x

IV: 34.3%

Notional: ~$91K

Intent: Bullish speculation

Read-through: Extreme call volume

NFLX 2026-07-10 $75.00 Put

Vol: 4,581

OI: 1,085

Vol/OI: 4.2x

IV: 31.8%

Notional: ~$289K

Intent: Downside hedge

Dual read: Speculative

Read-through: Put protection

NFLX 2026-09-18 $74.00 Call

Vol: 1,024

OI: 260

Vol/OI: 3.9x

IV: 47.5%

Notional: ~$1.5M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

NFLX 2026-06-18 $109.00 Put

Vol: 856

OI: 235

Vol/OI: 3.6x

IV: 107.4%

Notional: ~$2.3M

Intent: Short-term bearish

Dual read: Hedge

Read-through: High IV indicates fear

NFLX 2026-10-16 $85.00 Call

Vol: 2,162

OI: 722

Vol/OI: 3.0x

IV: 41.8%

Notional: ~$1.5M

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Aggressive OTM call buying at $91 (Jun), $85 (Oct), $90 (Jul), $74 (Sep).

Put additions: Put accumulation at $75 (Jul), $109/114 (Jun), $140 (Jan27) – hedging downside.

GEX/DEX consistency: GEX -$23M / DEX +128M shares – inconsistent, explosive potential.

OI clusters: Put wall $75 (8.5% below spot), call resistance $90-$91; GEX flip aligns with put OI.

Hedging evidence: Long-dated $140 puts and near-term $109/114 suggest tail hedges; call spreads at $91/$90.

Max pain context: Spot below MP; pin to MP likely, capped at $90-91.

Signal vs Noise

~High vol/oi prints at $91 call (5.2) and $75 put (4.2) are real signals.

~Low vol/oi prints (e.g., $75 put Jul24 at 2.1) are noise.

~Net premium -$17.4M confirms put dominance despite call volume ratio.

Key Conclusions

🐂OTM call buying suggests upside bet, sentiment bullish.

🐻Put buying at $75 and $140 hedges downside, sentiment bearish.

⚖️GEX/DEX inconsistency and MP below point to volatile consolidation, sentiment neutral.

How to Use These Reports

This flow reflects the market close on June 10, 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.