thetaOwl
HomeOptionsNFLXReports

NFLX

Netflix, Inc.Close $107.79EOD only
Max Pain
$95.00
Next expiry Apr 17, 2026
Expected Move
±$7.92
7.3% from close
Price Gap
-12.79
Distance to max pain
IV Rank
100
High premium
P/C OI
0.82
Slightly call-heavy
Consensus
6.0/10
Consensus signal
Published snapshot: Apr 16, 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
Apr 16, 2026 close
NFLX AI Consensus Report
Analysis based on market close April 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.0

out of 10

Score 6 because multiple independent signals (GEX pin, institutional flow, and call-heavy premium) align on a near-term magnet, but conviction is capped by an imminent high-IV earnings print that can produce either a violent gap away (invalidating pin) or an IV crush that upends premium-selling returns; that binary materially reduces actionable confidence.

Where Perspectives Agree

Consensus leans toward a short-term bullish pin into the $110–$112 area supported by concentrated call positioning and dealer gamma — positioning and flow favor staying above that guardrail into/through earnings but with event risk.

Where They Diverge

Theta wants to monetize rich short-dated premium (sell pre-earnings) while the earnings persona and directional view flag a high-probability binary (tomorrow) that can invalidate any short-premium stance; separately, flow shows multi-week call accumulation which supports a post-earnings continuation, but the earnings term structure and crushing IV dynamics imply the market could instead reset lower after the print — those two outcomes directly oppose each other.

Top Trade
via theta

Sell Apr24 115/119 call spread for credit (defined-risk, expires post-earnings)

Key Risk

A decisive break and close below $108.00 would flip dealer gamma exposure (remove the pin), trigger rapid hedge unwind and stop cascades, and likely accelerate price toward the $100 area — this outcome invalidates the bullish pin/short-premium thesis.

Read the AI Analyst Consensus for NFLX for 2026-04-15. This synthesis report combines directional, theta, flow, and earnings perspectives into one conviction view with setup, trigger, and invalidation context.