Home Options NFLXReports

NFLX

Netflix, Inc.Close $89.30EOD only

Max Pain

$89.00

Next expiry May 22, 2026

Expected Move

±$1.29

1.4% from close

Price Gap

-0.30

Distance to max pain

IV Rank

Low premium

P/C OI

0.79

Slightly call-heavy

Consensus

8.5/10

Bullish tilt

Published snapshot: May 21, 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 21, 2026 close

NFLX Theta Report

Analysis based on market close May 21, 2026

Directional Theta Gang Flow Earnings Consensus

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

Theta Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.3% from MP; +1 VIX 17

IV Environment

IV Regime

Normal

IV vs VIX

IV 47.3% vs VIX 16.8 – elevated, favorable for premium selling

Favorable?

Yes

Term structure: Near-term upward sloping with skewed put/call; longer-dated puts elevated

📈IV high vs VIX, strong premium selling opportunity

⚠️Longer-dated put skew elevated, watch tail risk

Pin Risk Assessment

Spot vs MP: At

GEX regime: Pinning ($+117.2M)

Gamma flip: ~$75.00 — Approx — based on put OI concentration of 48,646 (16.0% below spot)

OI concentrations: Put floor $73-$75 (48.6K OI), call wall $100-$125; support $89, resistance $90

Verdict: Low pin risk – heavy put floor and call wall create wide range for pinning

Premium Opportunities

Put credit spread

Sell 2026-06-12 $86.00/$82.00 put spread

Sell 86/82 put spread, collect $0.87 max gain, defined risk.

Credit: $0.72-$0.87

Max loss: $3.13

BE: $85.13

Mgmt: Exit if spot breaks below $89; earnings risk not priced yet.

Iron condor

Sell 2026-07-17 $85.00/$75.00 put wing and $100.00/$110.00 call wing

Sell 85/75 put and 100/110 call spread, $3.77 max gain.

Credit: $3.09-$3.77

Max loss: $6.23

BE: 81.23 / 103.77

Mgmt: Hold through earnings if pinning persists; adjust wings if volatility changes.

Risk Alerts

!Earnings risk not accounted – check upcoming events

!Gamma flip level at $75 – potential acceleration below

How to Use These Reports

This theta reflects the market close on May 21, 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.