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NFLX

Netflix, Inc.Close $74.20EOD only

Max Pain

$72.00

Next expiry Aug 7, 2026

Expected Move

±$1.79

2.4% from close

Price Gap

-2.20

Distance to max pain

IV Rank

Low premium

P/C OI

0.83

Slightly call-heavy

Consensus

6.5/10

Neutral tilt

Published snapshot: Aug 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

Aug 5, 2026 close

NFLX Flow Report

Analysis based on market close June 22, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 22, 2026. A newer flow report is available for June 29, 2026.

View latest report

Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 8.9% from MP; +1 VIX 17

Watch next session: Call volume on weekly expiries; Spot vs. MP

Flow Summary

Net premium: -$30.3M bearish

P/C volume ratio: 0.50

P/C OI ratio: 0.83

Aggressive call buying on near-dated strikes despite market dip suggests bullish sentiment. Negative GEX may amplify moves. Spot below MP, but call volume surges indicate traders betting on a reversal.

Notable Prints

NFLX 2026-06-26 $74.00 Call

Vol: 16,732

OI: 142

Vol/OI: 117.8x

IV: 37.4%

Notional: ~$1.4M

Intent: Bullish

Read-through: Opening

NFLX 2026-06-26 $73.00 Call

Vol: 14,003

OI: 152

Vol/OI: 92.1x

IV: 37.5%

Notional: ~$1.7M

Intent: Bullish

Read-through: Opening

NFLX 2026-06-26 $75.00 Call

Vol: 20,460

OI: 329

Vol/OI: 62.2x

IV: 37.8%

Notional: ~$1.0M

Intent: Bullish

Read-through: Opening

NFLX 2026-06-26 $76.00 Call

Vol: 20,196

OI: 585

Vol/OI: 34.5x

IV: 38.6%

Notional: ~$646K

Intent: Bullish

Read-through: Opening

NFLX 2026-07-02 $75.00 Call

Vol: 7,598

OI: 261

Vol/OI: 29.1x

IV: 36.6%

Notional: ~$745K

Intent: Bullish

Read-through: Opening

Institutional Positioning

Call additions: 6/26 & 7/2 calls: 73-76 strikes, vol/oi up to 118x

Put additions: 6/26 puts: 70-72 strikes, vol/oi 11-18x

GEX/DEX consistency: GEX -$61M short gamma, DEX +127M shares; flow bullish but dealers short gamma may cap upside

OI clusters: Call OI building at 75-76, put OI at 70-72

Hedging evidence: Put buying likely hedges long exposure from call positions

Max pain context: Spot 8.9% below MP; expected drift up toward MP pinned by call wall

Signal vs Noise

~High vol/oi ratios on calls signal real accumulation

~Negative net premium reflects put selling, not bearish

~Elevated VIX adds noise, but flows dominate

Key Conclusions

🚀Massive near-dated call buying suggests bullish momentum

⚠️Short gamma setup risks acceleration if spot breaks higher

🔒Concurrent put buying shows hedging, not pure bear

How to Use These Reports

This flow reflects the market close on June 22, 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.