NFLXNetFlix Inc
Options Analysis Report•SERVICES-VIDEO TAPE RENTAL
Market Cap $338.3B|NASDAQ
● 2026-06-12$80.34
NEUTRAL
Analysis: 2026-06-11 EOD data
1Y -34.4%YTD -11.7%7D -2.2%
Options Vol
357,362
30D
Implied Move
±8.8%
IV Rank
27%
NFLX Options Overview
Mixed signals. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.7
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks6/9 checks passed
IV Rank
≤35%IV Rank 55.1% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.79x — IV premium over HV
Sector Relative≤50%
Sector percentile 43% — below sector median
Term Structure
<1.1xFront/Back 0.81x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 37.0% — normal range
Spread-Adjusted Value
<80%Effective IV 47.1% (ATM 37.0% + spread 5.0% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 7.10% (spread 5.05% + slippage 2.05%) — high friction
Vega Efficiency
≥5.0Vega efficiency 23.23 (vega 11.729 / spread 5.05%) — efficient
Sentiment
Bullish or bearish?
5.9
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Weak signal (Conviction: -4%, Raw: -4%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -4% (neutral) — Raw: -4%
OI Skew Magnitude
≥15%|OI skew| 10.7% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +17.5%, OI skew +10.7% — aligned
Conviction Quality
≥2/3 conditions0-DTE 34%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -2%, ATM: -2%, OTM: -6% — neutral (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 47% — neutral vs sector
Activity
Unusual activity?
4.4
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 1.0x avg — normal
Turnover Rate
≥15%Vol/OI 6.0% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +2.6% (5d) — building
Sector Relative≥60%
Sector activity percentile 69% — active vs sector
Trade Quality
≥30%Large trade volume 29% — mixed
Execution Urgency
≥60%Aggressive execution 54% — patient
Flow Conviction
≥30Conviction -4 (bearish) — mixed
Liquidity
Can I trade efficiently?
6.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 5.0% — wide
Adequate OI
≥10,000OI 5,999,224 — deep
Active Volume
≥500Volume 357,362/day — active
Reasonable Cost
≤$0.50$0.25 to cross — cheap
Strike Coverage
≥5 strikes2 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 53% — neutral vs sector
Order Book Depth
≥100 contractsDepth 377.70000000000005 contracts (bid:166.3 ask:211.4) — adequate
Execution Quality
<1.0%Avg slippage 2.05% — poor
Timing
Is now a good time?
6.7
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -18.9% — contango
IV Percentile Clarity
<30 or >70IV percentile 55% — neutral
Event Detection
≥10pts kinkIV kink -5.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 230.43 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: FOMC in 5d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -4% @ 52% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 59 (ITM 20% + inst 29%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls6.1
bullishIV fair, mixed flow
Long Puts5.5
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.7
bullishIV fair, mixed flow
Covered Call5.1
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.