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NFLX

Netflix, Inc.Close $78.72EOD only

Max Pain

$85.00

Next expiry Jun 18, 2026

Expected Move

±$1.77

2.2% from close

Price Gap

+6.28

Distance to max pain

IV Rank

High premium

P/C OI

0.78

Slightly call-heavy

Consensus

6.5/10

Bearish tilt

Published snapshot: Jun 16, 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 16, 2026 close

NFLX Flow Report

Analysis based on market close June 17, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 7.3% from MP; +0.5 VIX 18

Watch next session: action at $75 gamma flip; Jun 18 put expiration

Flow Summary

Net premium: -$125.4M bearish

P/C volume ratio: 0.74

P/C OI ratio: 0.78

Aggressive call buying at $77-78 strikes drives bullish bias despite negative net premium and high VIX. Deep OTM puts with extreme IV indicate hedging. DEX positive; spot near gamma flip. Call flow suggests reversal anticipation.

Notable Prints

NFLX 2026-07-10 $77.00 Call

Vol: 1,149

OI: 109

Vol/OI: 10.5x

IV: 31.4%

Notional: ~$277K

Intent: Bullish speculation

Read-through: Expects further upside

NFLX 2026-06-26 $77.00 Call

Vol: 2,210

OI: 291

Vol/OI: 7.6x

IV: 30.1%

Notional: ~$329K

Intent: Bullish speculation

Read-through: Expects further upside

NFLX 2026-06-18 $100.00 Put

Vol: 2,934

OI: 402

Vol/OI: 7.3x

IV: 186.7%

Notional: ~$6.7M

Intent: Bearish directional

Read-through: Fear of decline

NFLX 2026-06-18 $77.00 Call

Vol: 4,155

OI: 592

Vol/OI: 7.0x

IV: 28.1%

Notional: ~$249K

Intent: Bullish speculation

Read-through: Expects further upside

NFLX 2026-06-26 $78.00 Call

Vol: 5,579

OI: 883

Vol/OI: 6.3x

IV: 30.0%

Notional: ~$591K

Intent: Bullish speculation

Read-through: Expects further upside

Institutional Positioning

Call additions: Heavy OTM call buying at $77-$78 across multiple expirations, high vol/oi ratios

Put additions: Significant put accumulation at $96-$109 strikes, elevated IV (143-318%)

GEX/DEX consistency: Mixed: Negative GEX (-$120.5M) from put gamma, positive DEX (+136M shares) from long delta

OI clusters: Largest OI: $77-$78 calls and $96-$109 puts

Hedging evidence: Puts at high strikes suggest collar or protective hedging against downside

Max pain context: Spot below MP, negative gamma could pin price lower near $75 gamma flip

Signal vs Noise

~Sustained call buying at $77-$78 is real institutional bullish flow

~Large put blocks at $96+ with high IV signal hedging, not speculation

~Net premium negative confirms institutional put bias

Key Conclusions

🐻Negative GEX and large put OI at high strikes suggest institutional hedging, bearish short-term bias

🐂Heavy call accumulation at $77-$78 indicates upside positioning, potentially a floor

How to Use These Reports

This flow reflects the market close on June 17, 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.