NFLX
Netflix, Inc.Close $77.38EOD onlyThis page reflects NFLX options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Historical consensus-supported lens with full content, report chain context, and metric rail.
Flow Verdict
Flow Summary
Net premium: -$63.6M bearish
P/C volume ratio: 0.65
P/C OI ratio: 0.75
Notable Prints
Read-through: Fear of extreme downside
Read-through: Needs contextual interpretation.
Read-through: Needs contextual interpretation.
Read-through: Needs contextual interpretation.
Read-through: Expects minimal downside, protecting gains
Institutional Positioning
Call additions: Calls at $77-79 strikes across June-August expiries, led by $78 call (28k vol, 6.6k OI) and $77 call (16k vol).
Put additions: OTM puts at $45, $110, $105, $106 strikes, plus $77 put at July 24 - tail hedging and downside protection.
GEX/DEX consistency: Negative GEX (-$95.5M) and positive DEX (+133M shares) indicate short gamma but long delta, consistent with call buying and put hedging.
OI clusters: Largest put OI at $75 (72,669 contracts), 3.1% below spot; largest call OI at $78 (6,627 contracts). Max pain likely near $76-77.
Hedging evidence: Far OTM put prints (e.g., $45 put 6,133 vol) and high IV puts at $105-110 suggest institutional tail hedging.
Max pain context: Spot below max pain, suggesting pinning pressure upward toward $78-80. Gamma flip at $75 indicates key support.
Signal vs Noise
Key Conclusions
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.
Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.
These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.