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NFLX

Netflix, Inc.Close $74.14EOD only

Max Pain

$70.00

Next expiry Aug 14, 2026

Expected Move

±$2.54

3.4% from close

Price Gap

-4.14

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 7, 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 7, 2026 close

NFLX Flow Report

Analysis based on market close June 24, 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 24, 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; -0.5 spot 4.2% from MP; +0.5 VIX 19

Watch next session: $69.00; $72.00

Flow Summary

Net premium: -$37.4M bearish

P/C volume ratio: 0.67

P/C OI ratio: 0.81

Net premium -$37M and negative GEX suggest bearish flow, but heavy call volume and positive DEX indicate buying interest. Large put OI below spot acts as support near $65. Mixed signals, leaning bearish.

Notable Prints

NFLX 2026-06-26 $71.00 Call

Vol: 1,329

OI: 343

Vol/OI: 3.9x

IV: 34.4%

Notional: ~$178K

Intent: Bullish

Read-through:

NFLX 2026-07-10 $73.00 Call

Vol: 2,036

OI: 555

Vol/OI: 3.7x

IV: 33.8%

Notional: ~$309K

Intent: Bullish

Read-through:

NFLX 2026-06-26 $72.00 Call

Vol: 9,254

OI: 2,636

Vol/OI: 3.5x

IV: 32.6%

Notional: ~$703K

Intent: Bullish

Read-through:

NFLX 2026-06-26 $72.00 Put

Vol: 15,810

OI: 4,612

Vol/OI: 3.4x

IV: 31.8%

Notional: ~$1.4M

Intent: Bearish

Read-through:

NFLX 2026-06-26 $71.00 Put

Vol: 7,881

OI: 2,333

Vol/OI: 3.4x

IV: 31.8%

Notional: ~$370K

Intent: Bearish

Read-through:

Institutional Positioning

Call additions: Aggressive call buying 71-73 strikes (6/26-7/10); vol/oi >3.

Put additions: Put activity at 69-72; likely hedging.

GEX/DEX consistency: GEX -$55M, DEX +133M; mixed but aligned with spot below MP.

OI clusters: Top OI: 72C 2.6k, 72P 4.6k, 73C 4.8k, 71P 2.3k.

Hedging evidence: Puts 69-72 suggest collars/protection.

Max pain context: Spot 4.2% below MP; gamma flip at 65.

Signal vs Noise

~High vol/oi >3 on 71-73 calls is signal; small OI additions are noise.

~Negative net premium confirms call buying signal.

~Mixed flow regime suggests caution on direction.

Key Conclusions

📈Aggressive call buying at 71-73 strikes

⚠️Negative GEX and spot below MP may cause pull

🔒Put activity at 69-72 provides hedging

How to Use These Reports

This flow reflects the market close on June 24, 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.