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NFLX

Netflix, Inc.Close $71.84EOD only

Max Pain

$75.00

Next expiry Jun 26, 2026

Expected Move

±$1.66

2.3% from close

Price Gap

+3.16

Distance to max pain

IV Rank

Low premium

P/C OI

0.81

Slightly call-heavy

Consensus

7.0/10

Bearish tilt

Published snapshot: Jun 24, 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 24, 2026 close

NFLX Flow Report

Analysis based on market close June 25, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

4 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 5.5% from MP; +0.5 VIX 19; override: dominant put flow, negative GEX, spot below MP suggest bearish; deterministic model may overweight alignment

Watch next session: $71 strike; spot vs MP

Flow Summary

Net premium: -$131.2M bearish

P/C volume ratio: 0.69

P/C OI ratio: 0.80

Heavy put buying near expiry, especially at $71, with net premium negative. Negative GEX and spot below MP reinforce bearish bias. Overall volume ratio shows more calls, adding mixed flavor.

Notable Prints

NFLX 2026-06-26 $84.00 Put

Vol: 712

OI: 130

Vol/OI: 5.5x

IV: 112.5%

Notional: ~$883K

Intent: Bearish speculation

Dual read: Hedging

Read-through: High IV skew

NFLX 2026-06-26 $83.00 Put

Vol: 639

OI: 140

Vol/OI: 4.6x

IV: 106.3%

Notional: ~$725K

Intent: Bearish speculation

Dual read: Hedging

Read-through: High IV skew

NFLX 2026-06-26 $82.00 Put

Vol: 1,280

OI: 327

Vol/OI: 3.9x

IV: 99.2%

Notional: ~$1.3M

Intent: Bearish speculation

Dual read: Hedging

Read-through: High IV skew

NFLX 2026-08-21 $108.00 Put

Vol: 1,225

OI: 324

Vol/OI: 3.8x

IV: 81.6%

Notional: ~$4.4M

Intent: Long-term bearish

Dual read: Protective put

Read-through: Time premium

NFLX 2026-06-26 $71.00 Call

Vol: 2,425

OI: 702

Vol/OI: 3.5x

IV: 31.0%

Notional: ~$143K

Intent: Bullish call betting

Dual read: Covered call?

Read-through: Low IV call

Institutional Positioning

Call additions: Light; $71 and $65 calls small

Put additions: Heavy; $71, $82-84, $108, $45 puts

GEX/DEX consistency: GEX negative aligns; DEX positive suggests upside hedging

OI clusters: Put heavy at $71 (4k), $82-84; call OI low

Hedging evidence: Put buying indicates downside hedging

Max pain context: Spot below MP; pin risk elevated

Signal vs Noise

~Elevated put volume on NFLX is real signal

~High IV on OTM puts is noise from fear

Key Conclusions

🔻Institutions loading puts at $71 and $82-84, defensive

⚠️Spot $71 far from MP; pinning unlikely near term

How to Use These Reports

This flow reflects the market close on June 25, 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.