Netflix Stock Options

NFLX Stock  USD 973.24  4.91  0.50%   
Netflix's latest option contracts expiring on April 17th 2025 are carrying combined implied volatility of 0.38 with a put-to-call open interest ratio of 0.86 over 225 outstanding agreements suggesting investors are buying slightly more calls than puts on contracts expiring on April 17th 2025. The total put volume is at 459, with calls trading at the volume of 543. This yields a 0.85 put-to-call volume ratio.

Open Interest Against April 17th 2025 Option Contracts

Netflix option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Netflix's lending market. For example, when Netflix's puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Netflix, he or she must hedge the risk by shorting Netflix stock over its option's life.
The chart above shows Netflix's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Netflix's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Netflix's option, there is no secondary market available for investors to trade.

Netflix Maximum Pain Price Across 2025-04-17 Option Contracts

Max pain occurs when Netflix's market makers reach a net positive position across all Netflix's options at a strike price where option holders stand to lose the most money. By contrast, Netflix's option sellers may reap the most after selling more options than buying, causing them to expire worthless.

In The Money vs. Out of Money Option Contracts on Netflix

Analyzing Netflix's in-the-money options over time can help investors to take a profitable long position in Netflix regardless of its overall volatility. This is especially true when Netflix's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Netflix's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Netflix's stock while costing only a fraction of its price.

Netflix In The Money Call Balance

When Netflix's strike price is surpassing the current stock price, the option contract against Netflix stock is said to be in the money. When it comes to buying Netflix's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Netflix are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Netflix Current Options Market Mood

Netflix's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Netflix Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Unfortunately, most Netflix's options investors are not very successful. Netflix's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.

Rule 16 of the current Netflix contract

Base on the Rule 16, the options market is currently suggesting that Netflix will have an average daily up or down price movement of about 0.0238% per day over the life of the 2025-04-17 option contract. With Netflix trading at USD 973.24, that is roughly USD 0.23. If you think that the market is fully incorporating Netflix's daily price movement you should consider buying Netflix options at the current volatility level of 0.38%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Purchasing Netflix options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Netflix calls. Remember, the seller must deliver Netflix stock to the call owner when a call is exercised.

Netflix Option Chain

When Netflix's strike price is surpassing the current stock price, the option contract against Netflix stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
Netflix's option chain is a display of a range of information that helps investors for ways to trade options on Netflix. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Netflix. It also shows strike prices and maturity days for a Netflix against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
Open IntStrike PriceCurrent SpreadLast Price
Call
NFLX250417C0040000031400.0580.1 - 585.25576.23In
Call
NFLX250417C004200002420.0560.4 - 565.55552.45In
Call
NFLX250417C004300001430.0550.45 - 555.55542.55In
Call
NFLX250417C004400001440.0540.55 - 545.9533.45In
Call
NFLX250417C0045000032450.0530.7 - 535.9528.8In
Call
NFLX250417C005000001500.0481.35 - 486.35461.95In
Call
NFLX250417C005100002510.0471.55 - 476.6328.82In
Call
NFLX250417C005700001570.0412.2 - 417.65411.6In
Call
NFLX250417C005800001580.0402.35 - 407.8297.8In
Call
NFLX250417C006000001600.0382.65 - 388.05384.27In
Call
NFLX250417C006100001610.0371.75 - 378.2231.0In
Call
NFLX250417C006300002630.0352.1 - 358.55356.96In
Call
NFLX250417C006350001635.0347.15 - 353.65349.25In
Call
NFLX250417C006400001640.0343.3 - 348.75219.95In
Call
NFLX250417C0065000050650.0332.35 - 340.15221.55In
Call
NFLX250417C006600001660.0322.45 - 329.1216.27In
Call
NFLX250417C006650005665.0317.7 - 325.85314.5In
Call
NFLX250417C0067000029670.0314.0 - 319.4304.05In
Call
NFLX250417C006750001675.0309.05 - 314.2299.2In
Call
NFLX250417C006800005680.0304.2 - 309.65300.1In
Call
NFLX250417C006900002690.0293.1 - 301.2283.8In
Call
NFLX250417C0070000016700.0283.5 - 291.15287.27In
Call
NFLX250417C007100001710.0274.05 - 281.9266.0In
Call
NFLX250417C0072000011720.0265.45 - 270.85264.38In
Call
NFLX250417C0073000021730.0255.9 - 261.25235.14In
Call
NFLX250417C007350002735.0251.0 - 256.15242.55In
Call
NFLX250417C0074000017740.0246.25 - 251.65234.21In
Call
NFLX250417C007450001745.0240.4 - 248.0147.65In
Call
NFLX250417C0075000055750.0236.7 - 242.7233.0In
Call
NFLX250417C007550003755.0230.8 - 237.2236.28In
Call
NFLX250417C007600007760.0227.25 - 232.45211.7In
Call
NFLX250417C007650002765.0222.5 - 227.75212.17In
Call
NFLX250417C007700006770.0218.05 - 222.95197.95In
Call
NFLX250417C0078000031780.0208.6 - 214.75212.49In
Call
NFLX250417C0078500010785.0204.25 - 208.75209.73In
Call
NFLX250417C007900003790.0199.4 - 204.55111.18In
Call
NFLX250417C007950003795.0194.75 - 199.9199.94In
Call
NFLX250417C0080000044800.0189.6 - 194.1186.91In
Call
NFLX250417C0080500035805.0186.15 - 190.1185.0In
Call
NFLX250417C008100006810.0181.1 - 185.4164.5In
Call
NFLX250417C0081500013815.0177.25 - 181.05172.6In
Call
NFLX250417C0082000024820.0172.8 - 176.5162.94In
Call
NFLX250417C0082500022825.0168.2 - 171.2156.15In
Call
NFLX250417C0083000019830.0163.6 - 167.45169.01In
Call
NFLX250417C0083500044835.0159.3 - 162.9159.0In
Call
NFLX250417C0084000015840.0155.2 - 158.65154.22In
Call
NFLX250417C0084500054845.0150.1 - 154.35145.19In
Call
NFLX250417C0085000081850.0146.45 - 149.8145.15In
Call
NFLX250417C0085500027855.0142.5 - 146.15141.23In
Call
NFLX250417C0086000069860.0137.8 - 141.4140.0In
Call
NFLX250417C0086500040865.0134.15 - 137.4135.53In
Call
NFLX250417C00870000116870.0129.95 - 133.7127.96In
Call
NFLX250417C0087500020875.0125.3 - 129.3125.5In
Call
NFLX250417C0088000035880.0121.45 - 125.7117.35In
Call
NFLX250417C0088500017885.0117.2 - 121.2118.11In
Call
NFLX250417C0089000030890.0113.3 - 117.95113.73In
Call
NFLX250417C008950006895.0110.1 - 113.6116.51In
Call
NFLX250417C0090000063900.0106.25 - 109.95112.14In
Call
NFLX250417C009050009905.0103.25 - 106.75102.02In
Call
NFLX250417C0091000031910.099.45 - 102.5102.5In
Call
NFLX250417C0091500025915.095.95 - 99.7588.0In
Call
NFLX250417C0092000017920.092.05 - 96.4584.87In
Call
NFLX250417C0092500020925.088.95 - 92.7586.55In
Call
NFLX250417C0093000053930.085.2 - 89.5577.95In
Call
NFLX250417C0093500032935.082.7 - 85.685.0In
Call
NFLX250417C0094000049940.079.05 - 82.3577.85In
Call
NFLX250417C0094500017945.076.75 - 79.572.75In
Call
NFLX250417C00950000107950.073.7 - 76.2573.45In
Call
NFLX250417C0095500086955.070.95 - 73.369.8In
Call
NFLX250417C00960000155960.068.3 - 70.3566.29In
Call
NFLX250417C0096500062965.063.95 - 67.664.05In
Call
NFLX250417C00970000145970.063.15 - 64.861.16In
Call
NFLX250417C0097500084975.060.05 - 62.1560.24Out
Call
NFLX250417C00980000179980.057.25 - 59.4556.5Out
Call
NFLX250417C00985000107985.054.2 - 56.8555.9Out
Call
NFLX250417C0099000089990.052.2 - 54.451.2Out
Call
NFLX250417C0099500059995.049.6 - 51.951.18Out
Call
NFLX250417C010000009301000.048.35 - 49.7549.23Out
Call
NFLX250417C01010000481010.042.95 - 45.3541.96Out
Call
NFLX250417C010200001441020.038.95 - 41.2540.0Out
Call
NFLX250417C01030000311030.035.4 - 37.535.45Out
Call
NFLX250417C010400002561040.031.75 - 34.432.25Out
Call
NFLX250417C010500004191050.028.6 - 30.729.6Out
Call
NFLX250417C010600002151060.025.7 - 27.726.05Out
Call
NFLX250417C01070000171070.023.1 - 25.023.65Out
Call
NFLX250417C01080000131080.020.75 - 22.520.8Out
Call
NFLX250417C01090000231090.018.4 - 20.218.65Out
Call
NFLX250417C011000003871100.016.4 - 18.1517.5Out
Call
NFLX250417C01110000141110.014.9 - 16.0515.02Out
Call
NFLX250417C01120000241120.012.95 - 14.514.1Out
Call
NFLX250417C01130000181130.011.55 - 12.9512.55Out
Call
NFLX250417C01140000991140.010.3 - 11.611.25Out
Call
NFLX250417C01150000281150.09.05 - 10.359.3Out
Call
NFLX250417C0116000091160.07.95 - 9.257.21Out
Call
NFLX250417C01170000131170.07.05 - 8.257.73Out
Call
NFLX250417C01180000171180.06.15 - 7.35.89Out
Call
NFLX250417C0119000011190.05.35 - 6.556.01Out
Call
NFLX250417C01200000931200.04.6 - 5.85.65Out
Call
NFLX250417C0122000041220.03.45 - 4.554.25Out
Call
NFLX250417C01240000101240.02.97 - 3.653.44Out
Call
NFLX250417C01260000921260.02.19 - 2.933.05Out
Call
NFLX250417C0127000011270.01.42 - 3.653.08Out
Call
NFLX250417C0128000081280.01.14 - 2.752.72Out
Call
NFLX250417C01290000171290.00.92 - 3.152.96Out
Call
NFLX250417C01300000311300.00.67 - 2.941.9Out
Call
NFLX250417C0131000011310.00.71 - 2.762.5Out
Call
NFLX250417C0132000001320.00.63 - 2.610.63Out
Call
NFLX250417C0133000001330.00.56 - 2.470.56Out
Call
NFLX250417C0134000001340.00.49 - 2.340.49Out
Call
NFLX250417C0135000001350.00.43 - 2.230.43Out
Call
NFLX250417C0136000001360.00.37 - 2.150.37Out
Call
NFLX250417C0137000051370.00.33 - 2.090.86Out
Call
NFLX250417C0138000001380.00.28 - 2.050.28Out
Call
NFLX250417C0139000001390.00.25 - 2.00.25Out
Call
NFLX250417C01400000101400.00.22 - 1.970.6Out
 Put
NFLX250417P0040000010400.00.03 - 2.710.12Out
 Put
NFLX250417P004900004490.00.09 - 3.050.1Out
 Put
NFLX250417P0050000034500.00.1 - 0.930.2Out
 Put
NFLX250417P005050003505.00.0 - 2.940.67Out
 Put
NFLX250417P005100004510.00.1 - 2.940.27Out
 Put
NFLX250417P005300001530.00.12 - 3.451.42Out
 Put
NFLX250417P005500008550.00.15 - 2.891.37Out
 Put
NFLX250417P005600008560.00.16 - 2.760.43Out
 Put
NFLX250417P005750004575.00.01 - 4.051.72Out
 Put
NFLX250417P005900002590.00.21 - 3.253.0Out
 Put
NFLX250417P00595000202595.00.22 - 3.10.48Out
 Put
NFLX250417P00600000156600.00.24 - 1.30.87Out
 Put
NFLX250417P0061000010610.00.26 - 3.152.5Out
 Put
NFLX250417P0061500031615.00.28 - 0.80.46Out
 Put
NFLX250417P006200002620.00.0 - 2.094.2Out
 Put
NFLX250417P006300009630.00.32 - 1.01.0Out
 Put
NFLX250417P0064000014640.00.06 - 2.20.94Out
 Put
NFLX250417P0065000077650.00.41 - 1.10.98Out
 Put
NFLX250417P006550002655.00.43 - 2.31.1Out
 Put
NFLX250417P0066000010660.00.16 - 2.334.5Out
 Put
NFLX250417P006650001665.00.0 - 2.371.17Out
 Put
NFLX250417P0067000058670.00.54 - 2.421.28Out
 Put
NFLX250417P006800006680.00.57 - 2.511.33Out
 Put
NFLX250417P006900009690.00.65 - 2.641.74Out
 Put
NFLX250417P006950009695.00.41 - 2.721.35Out
 Put
NFLX250417P0070000061700.00.75 - 2.811.67Out
 Put
NFLX250417P007050002705.00.6 - 2.91.91Out
 Put
NFLX250417P0071000013710.00.71 - 3.01.97Out
 Put
NFLX250417P0071500016715.00.89 - 3.152.16Out
 Put
NFLX250417P0072000028720.01.46 - 2.62.15Out
 Put
NFLX250417P007250009725.01.08 - 3.352.33Out
 Put
NFLX250417P0073000023730.01.22 - 3.52.4Out
 Put
NFLX250417P0073500014735.01.37 - 3.652.3Out
 Put
NFLX250417P0074000013740.01.53 - 3.82.95Out
 Put
NFLX250417P0074500018745.01.71 - 3.952.96Out
 Put
NFLX250417P00750000116750.01.89 - 4.152.99Out
 Put
NFLX250417P007550009755.02.1 - 4.353.41Out
 Put
NFLX250417P0076000016760.02.32 - 4.553.75Out
 Put
NFLX250417P007650009765.02.55 - 4.753.81Out
 Put
NFLX250417P0077000030770.03.8 - 5.04.5Out
 Put
NFLX250417P0077500020775.03.45 - 5.15.1Out
 Put
NFLX250417P0078000021780.03.35 - 5.64.82Out
 Put
NFLX250417P007850004785.03.85 - 5.95.32Out
 Put
NFLX250417P0079000041790.04.95 - 5.355.35Out
 Put
NFLX250417P0079500043795.05.3 - 5.76.3Out
 Put
NFLX250417P00800000216800.05.7 - 6.15.95Out
 Put
NFLX250417P008050008805.06.1 - 6.56.65Out
 Put
NFLX250417P0081000048810.06.5 - 7.756.95Out
 Put
NFLX250417P0081500026815.06.1 - 7.47.2Out
 Put
NFLX250417P0082000030820.07.45 - 8.658.0Out
 Put
NFLX250417P0082500037825.07.95 - 9.258.7Out
 Put
NFLX250417P0083000032830.08.15 - 9.859.0Out
 Put
NFLX250417P0083500043835.09.05 - 10.159.9Out
 Put
NFLX250417P0084000040840.09.65 - 10.2510.5Out
 Put
NFLX250417P00845000317845.010.35 - 11.810.65Out
 Put
NFLX250417P00850000137850.011.0 - 12.5511.85Out
 Put
NFLX250417P0085500063855.011.65 - 13.012.05Out
 Put
NFLX250417P0086000029860.012.55 - 13.912.9Out
 Put
NFLX250417P0086500027865.013.4 - 14.4514.6Out
 Put
NFLX250417P0087000043870.014.15 - 15.915.58Out
 Put
NFLX250417P00875000233875.014.55 - 16.6516.87Out
 Put
NFLX250417P00880000389880.016.2 - 17.916.51Out
 Put
NFLX250417P0088500031885.017.25 - 18.7520.6Out
 Put
NFLX250417P0089000087890.018.4 - 20.0518.69Out
 Put
NFLX250417P0089500016895.019.5 - 21.2521.9Out
 Put
NFLX250417P00900000127900.020.75 - 22.3522.25Out
 Put
NFLX250417P009050009905.022.0 - 23.722.93Out
 Put
NFLX250417P0091000021910.023.35 - 25.025.37Out
 Put
NFLX250417P0091500013915.024.75 - 26.025.82Out
 Put
NFLX250417P0092000077920.026.2 - 27.4528.39Out
 Put
NFLX250417P0092500052925.027.75 - 28.829.7Out
 Put
NFLX250417P0093000025930.029.35 - 31.1531.05Out
 Put
NFLX250417P0093500019935.031.05 - 32.9532.6Out
 Put
NFLX250417P00940000149940.033.25 - 34.234.77Out
 Put
NFLX250417P0094500061945.034.75 - 36.4536.28Out
 Put
NFLX250417P00950000210950.036.55 - 37.8538.65Out
 Put
NFLX250417P0095500060955.038.6 - 40.842.2Out
 Put
NFLX250417P0096000063960.040.7 - 42.9541.95Out
 Put
NFLX250417P0096500028965.042.65 - 45.0543.56Out
 Put
NFLX250417P0097000029970.044.95 - 47.3548.73Out
 Put
NFLX250417P0097500098975.046.4 - 49.749.4Out
 Put
NFLX250417P0098000091980.049.7 - 51.6552.0Out
 Put
NFLX250417P0098500063985.052.05 - 54.6554.5In
 Put
NFLX250417P0099000062990.054.5 - 57.2558.45In
 Put
NFLX250417P009950005995.057.2 - 59.960.42In
 Put
NFLX250417P01000000871000.059.9 - 62.6559.91In
 Put
NFLX250417P01010000151010.064.6 - 68.471.0In
 Put
NFLX250417P01020000511020.070.85 - 74.779.19In
 Put
NFLX250417P0105000011050.090.6 - 96.095.89In
 Put
NFLX250417P0106000031060.097.9 - 102.9103.4In
 Put
NFLX250417P01070000141070.0103.1 - 108.85112.6In
 Put
NFLX250417P0108000011080.0110.55 - 118.45118.7In
 Put
NFLX250417P01090000541090.0118.7 - 126.85126.7In
 Put
NFLX250417P01100000411100.0126.55 - 135.0134.1In
 Put
NFLX250417P01120000131120.0143.6 - 150.35152.25In
 Put
NFLX250417P0114000011140.0161.4 - 167.6165.45In
 Put
NFLX250417P01150000521150.0170.2 - 178.15179.95In
 Put
NFLX250417P01160000191160.0179.0 - 187.3188.6In
 Put
NFLX250417P0119000011190.0208.0 - 216.0212.65In
 Put
NFLX250417P0120000081200.0218.0 - 226.0227.18In
 Put
NFLX250417P0131000001310.0328.1 - 335.65328.1In
 Put
NFLX250417P0132000001320.0338.25 - 345.65338.25In
 Put
NFLX250417P0133000001330.0348.2 - 355.65348.2In
 Put
NFLX250417P0134000001340.0358.15 - 365.65358.15In
 Put
NFLX250417P0135000001350.0368.05 - 375.7368.05In
 Put
NFLX250417P0136000001360.0378.15 - 385.65378.15In
 Put
NFLX250417P0137000001370.0388.1 - 395.65388.1In
 Put
NFLX250417P0138000001380.0398.05 - 405.75398.05In
 Put
NFLX250417P0139000001390.0408.05 - 415.7408.05In
 Put
NFLX250417P0140000001400.0418.1 - 425.7419.03In

Netflix Selling And Marketing Expenses Over Time

   Selling And Marketing Expenses   
       Timeline  

Netflix Market Cap Over Time

   Market Cap   
       Timeline  

Netflix Total Stockholder Equity

Total Stockholder Equity

25.98 Billion

At this time, Netflix's Total Stockholder Equity is fairly stable compared to the past year.

Netflix Corporate Management

Spencer NeumannChief OfficerProfile
Theodore SarandosChief Content OfficerProfile
Wilmot HastingsChairman, CoFounderProfile
Rachel WhetstoneChief Communications OfficerProfile
David HymanGeneral Counsel and SecretaryProfile
Monika ShergillHead IndiaProfile
Jeffrey KarbowskiChief OfficerProfile

Additional Tools for Netflix Stock Analysis

When running Netflix's price analysis, check to measure Netflix's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Netflix is operating at the current time. Most of Netflix's value examination focuses on studying past and present price action to predict the probability of Netflix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Netflix's price. Additionally, you may evaluate how the addition of Netflix to your portfolios can decrease your overall portfolio volatility.