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NFLX

Netflix, Inc.Close $88.60EOD only
Max Pain
$89.00
Next expiry May 29, 2026
Expected Move
±$2.56
2.9% from close
Price Gap
+0.40
Distance to max pain
IV Rank
22
Low premium
P/C OI
0.78
Slightly call-heavy
Consensus
8.0/10
Bullish tilt
Published snapshot: May 22, 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
May 22, 2026 close
NFLX AI Consensus Report
Analysis based on market close April 9, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from April 9, 2026. A newer ai consensus report is available for May 22, 2026.

View latest report
Conviction
6.5

out of 10

6.5 because structural dealer long-gamma and visible pinning provide a clear edge for defined-risk premium-selling, but an imminent earnings event (one week) creates a high-probability binary that could wipe out short-premium profits; alignment of flow and gamma lifts conviction above neutral but event risk caps it well below high conviction.

Where Perspectives Agree

Market is pinned into the $100–$103 area with dealer long-gamma creating a magnet; that structural pin makes short-premium/defined-risk income attractive near-term but only as a play around the pin rather than a blind directional long. All personas agree current positioning benefits sellers if the pin holds through the next week.

Where They Diverge

Earnings-driven regime creates a true binary that directly undermines the short-premium tilt: the earnings persona expects a large re-pricing window around Apr 16 (elevated near-term IV and skew), which is incompatible with the directional/theta view that the pin will be stable enough to safely harvest premium. In short, selling premium into the pin assumes no large post-earnings gap — earnings suggests that assumption may be false.

Top Trade
via theta

Sell May 01 2026 100/96 put spread for a net credit (theta/defined-risk income).

Key Risk

A decisive break below $73 (sustained close under $73) removes dealer long-gamma pinning and triggers rapid downside acceleration — dealers flip gamma exposure, liquidity re-prices, and price likely cascades toward the $65 structural support/gap area, invalidating the pin and short-premium thesis.

How to Use These Reports
This ai consensus reflects the market close on April 9, 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.