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NFLX

Netflix, Inc.Close $71.36EOD only
Max Pain
$73.00
Next expiry Sep 25, 2026
Expected Move
±$1.40
1.9% from close
Price Gap
+1.64
Distance to max pain
IV Rank
6
Low premium
P/C OI
0.96
Balanced positioning
Consensus
6.5/10
Neutral tilt
Published snapshot: Sep 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
Sep 23, 2026 close
NFLX Theta Report
Analysis based on market close June 25, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from June 25, 2026. A newer theta report is available for June 29, 2026.

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Theta Verdict

Attractiveness6 / 10
Sizing: Conservative
Primary: Premium selling
Invalidation: Break below gamma flip $65 or above resistance $75
Confidence:
6.5 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 5.5% from MP; +0.5 VIX 19

IV Environment

IV Regime
High
IV vs VIX
IV ~55% vs VIX 19% — elevated.
Favorable?
Yes

Term structure: Front-month rich, calls more expensive; skew risk.

📈IV skew favors call premium selling
⚠️Dealer short gamma magnifies moves

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Trending ($-73.3M)

Gamma flip: ~$65.00 — Approx — based on put OI concentration of 58,487 (8.3% below spot)

OI concentrations: Max pain $75; heavy put OI $65-$65.

Verdict: Pin risk moderate near max pain; price may drift toward $75.

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $70.00/$65.00 put spread
Sells OTM puts to collect premium with defined risk ahead of earnings.
Credit: $1.60-$1.95
Max loss: $3.05
BE: $68.05
Mgmt: Exit if NFLX closes below $67.32 to cap loss.

Risk Alerts

!Gamma flip at $65
!Call wall at $90-$105
!Spot below max pain
How to Use These Reports
This theta reflects the market close on June 25, 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.