NFLX Netflix (NFLX) options offer exposure to the streaming leader with high earnings volatility, significant subscriber-driven moves, and elevated premium.

NFLX earnings are among the most volatile mega-cap events. Subscriber growth, ad-tier adoption, and content spending drive outsized post-earnings moves.

NFLX Options Characteristics

Avg Daily Volume

400K+ contracts

Typical Spread

$0.10-0.30

Typical IV Rank

30-60%

Expirations

Weekly, Monthly, Quarterly, LEAPS

Price Range

$600-1000

Correlation

Moderate correlation with tech and communication services

Best Strategies for NFLX

Iron Condors (wide)

Capture IV crush with room for large moves

Long Straddles

Bet on moves exceeding implied range

Bull Call Spreads

Directional play on subscriber growth

Calendar Spreads

Exploit massive earnings IV skew

Put Spreads

Defined-risk bearish plays

Earnings Roller Coaster

Netflix can move 10-15% on earnings. Subscriber adds and guidance are binary catalysts. This creates massive IV expansion pre-earnings and dramatic IV crush post-report.

NFLX Options FAQ

How much does Netflix move on earnings?

NFLX commonly moves 8-15% on earnings, with subscriber numbers and guidance being the key catalysts. It's one of the most volatile mega-cap earnings events. Always use defined-risk strategies.

What's the best Netflix options earnings strategy?

If you expect the move to be smaller than implied: iron condors with 1.5x the expected move as wing width. If larger: long straddles or strangles. Always compare implied vs historical earnings moves.