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NFLX

Netflix, Inc.Close $65.85EOD only

Max Pain

$68.00

Next expiry Oct 30, 2026

Expected Move

±$2.21

3.4% from close

Price Gap

+2.15

Distance to max pain

IV Rank

Low premium

P/C OI

0.87

Slightly call-heavy

Consensus

6.5/10

Neutral tilt

Published snapshot: Oct 23, 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

Oct 23, 2026 close

NFLX Theta Report

Analysis based on market close June 10, 2026

Directional Theta Gang Flow Earnings Consensus

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

You are viewing an older report from June 10, 2026. A newer theta report is available for June 29, 2026.

View latest report

Theta Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +0.5 spot 1.2% from MP

IV Environment

IV Regime

High

IV vs VIX

IV 53% vs VIX 22%; elevated

Favorable?

Yes

Term structure: Steep: front 30.8%, 8d event spike (125c/210p), then normal contango

⚠️Event risk on 6/18 expiration drives extreme IV in weekly; avoid naked positions

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-23.0M)

Gamma flip: ~$75.00 — Approx — based on put OI concentration of 68,043 (8.5% below spot)

OI concentrations: Call wall $90-$120; put floor $73-$75; max pain pins $83 (6/12), $89 (6/18), $85 (6/26)

Verdict: Multiple pin levels near spot; put floor provides support but gamma flip at $75 is key risk

Premium Opportunities

Iron condor

Sell 2026-07-17 $80.00/$75.00 put wing and $85.00/$90.00 call wing

Captures elevated IV premium with defined risk via put and call wings.

Credit: $2.81-$3.43

Max loss: $1.57

BE: 76.57 / 88.43

Mgmt: Monitor $75 gamma flip and IV below 40%; exit if invalidation occurs.

Risk Alerts

!Negative dealer gamma (-$23M) amplifies spot moves

!Event volatility on 6/18 expiration: extreme IV and potential gap risk

!Gamma flip at $75 could trigger accelerated selloff

How to Use These Reports

This theta reflects the market close on June 10, 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.