Netflix Stock Pulls Back, Calls Heat Up

By Schaeffer's Digital Content Team | February 13, 2026, 3:22 PM

Subscribers to Schaeffer's Weekend Trader options recommendation service received this NFLX commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.

Streaming king NFLX is trading at 2025 lows, right around a large buildup of put open interest at the 80 strike. Max pain rolls higher to 90 through April expiration and has been supporting price action recently.

The stock’s front-month gamma-weighted Schaeffer's open interest ratio (SOIR) of 1.26 indicates we could be seeing the beginning of a rebound. And with a Schaeffer’s Volatility Index (SVI) of 36% that sits in the 8th percentile of its annual range, premium is affordably priced in a post-earnings volatility crush.

Our recommended April call has a leverage ratio of 6.9 and will double on a 15.1% rise in the underlying equity.

Mentioned In This Article

NFLX

+1.33%

Netflix Inc

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Netflix Stock Pulls Back, Calls Heat Up

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