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NFLX

Netflix, Inc.Close $97.31EOD only
Max Pain
$100.00
Next expiry Apr 24, 2026
Expected Move
±$3.33
3.4% from close
Price Gap
+2.69
Distance to max pain
IV Rank
93
High premium
P/C OI
0.88
Slightly call-heavy
Consensus
6.0/10
Range bias
Published snapshot: Apr 17, 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 17, 2026 close
NFLX AI Consensus Report
Analysis based on market close April 20, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.5

out of 10

6.5 because persistent dealer gamma and bullish flow support the pin through routine expiry rotations, but near-term expiry convexity and an earnings/binary risk (and the documented gap-down path to $89.6→$73) keep conviction from rising higher.

Where Perspectives Agree

Dealer long-gamma and concentrated positioning create a pin-to-$98–$100 into serial expiries, supporting a mildly bullish bias and favoring defined-risk bullish income or tight directional call spreads.

Where They Diverge

Theta and flow favor premium-selling into pinning but earnings/short-dated convexity create binary windows where realized spikes or prints could violently breach the pin; that event-driven risk directly undermines any pure directional hold-through thesis.

Top Trade
via theta

Sell Jun 18 $91/$82 put spread for credit (defined-risk premium sell)

Key Risk

Break and settle below $89.60 (large gap down) triggers dealer gamma flip and rapid deleveraging, which would invalidate the pin and accelerate downside toward the $73 gamma-flip level.

How to Use These Reports
This ai consensus reflects the market close on April 20, 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.