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NFLX

Netflix, Inc.Close $70.90EOD only

Max Pain

$75.00

Next expiry Jun 26, 2026

Expected Move

±$1.23

1.7% from close

Price Gap

+4.10

Distance to max pain

IV Rank

Low premium

P/C OI

0.80

Slightly call-heavy

Consensus

4.5/10

Bullish tilt

Published snapshot: Jun 25, 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 25, 2026 close

NFLX Flow Report

Analysis based on market close June 26, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6 / 10

base 5; -1 GEX/flow contradict; +1 GEX positive (pinning); +0.5 spot 1.1% from MP; +0.5 VIX 18

Watch next session: 65; 75

Flow Summary

Net premium: -$84.0M bearish

P/C volume ratio: 0.69

P/C OI ratio: 0.78

Mixed flow. Net premium negative but low put/call ratios. GEX +122.5M pinning near MP. Heavy put volume at 74 and 75 straddle. DEX positive suggests dealer hedging bearish. Spot above MP. Watch 65 gamma flip.

Notable Prints

NFLX 2026-06-26 $74.00 Put

Vol: 47,042

OI: 2,390

Vol/OI: 19.7x

IV: 24.4%

Notional: ~$1.5M

Intent: bearish position

Read-through: new large put open

NFLX 2026-07-02 $74.00 Put

Vol: 8,499

OI: 800

Vol/OI: 10.6x

IV: 34.4%

Notional: ~$1.2M

Intent: bearish bet

Read-through: short-term put

NFLX 2026-11-20 $60.00 Put

Vol: 26,049

OI: 2,606

Vol/OI: 10.0x

IV: 43.7%

Notional: ~$5.3M

Intent: tail hedge

Dual read: possibly speculative

Read-through: long-dated deep OTM

NFLX 2026-07-02 $92.00 Call

Vol: 4,249

OI: 827

Vol/OI: 5.1x

IV: 68.0%

Notional: ~$8K

Intent: speculative call

Read-through: lottery ticket, high IV

NFLX 2026-09-18 $111.00 Put

Vol: 2,225

OI: 447

Vol/OI: 5.0x

IV: 75.6%

Notional: ~$8.8M

Intent: bearish directional

Dual read: protective put possible

Read-through: ITM put, high premium

Institutional Positioning

Call additions: Strikes $75, $74, $92, $96 with heavy volume

Put additions: Strikes $60, $73, $74, $108, $111, vol/oi up to 19.7x

GEX/DEX consistency: GEX +$122.5M, DEX +130.1M shares aligned; positive gamma/delta

OI clusters: Largest OI at $74 put (58.6k), $75 call (14.4k), $74 call (11.4k)

Hedging evidence: Deep OTM put buys at $60, $108, $111 suggest downside hedging

Max pain context: Spot above MP; gamma flip near $65 indicates downside pin risk

Signal vs Noise

~Heavy unusual put volumes at $74 and $60 are real hedging/speculation

~Large OI shifts at $75 call and $74 put signal key battleground

~Low IV for ATM options is noise due to expiration week

Key Conclusions

⚠️Put-heavy flow with net negative premium hints at bearish positioning despite positive GEX

📌Positive GEX/DEX suggests dealers are long gamma, pinning price near $74 area

How to Use These Reports

This flow reflects the market close on June 26, 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.