01 — NFLX · BEAR CALL SPREADS

Best NFLX bear call spreads setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

High-beta single name with violent post-earnings repricing tied to subscriber numbers and pricing actions.

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Netflix
Communication Services
NFLX
$62.08-10.8% / 30d
IV rank (1y)
42.9% · moderate
Next earnings
Jan 19
Market cap
$258.5B
P/E (fwd)
16.5
Option vol
84K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Top pick · credit spread
$64/$66 call spread · Nov 27
27 DAYS · 3.1% OTM · 2 WIDE · SELL TO OPEN
Credit
$63
Return
45.99%
PoP
60%
SpreadExpirationCreditReturn ↓PoP
$65 / $67
4.7% OTM · 2 wide
Nov 27
27 days
$51
$0.51 / share
34.23%67%
$65 / $67
4.7% OTM · 2 wide
Dec 4
34 days
$46
$0.46 / share
29.87%64%
$66 / $68
6.3% OTM · 2 wide
Nov 27
27 days
$43
$0.43 / share
27.39%72%
$66 / $68
6.3% OTM · 2 wide
Dec 4
34 days
$43
$0.43 / share
27.39%70%
5 of 5 matchesCustomize filters →

03 — Strategy

Bear Call Spreads, plainly explained

Moderately bearish or neutral traders seeking defined-risk credit income.

P&L at expiration · $64/$66 call spread · 27 DTE

$0+$63−$137$66 LONG$64.63 BE$64 SHORT

Key numbers

Premium collected+$63
Max profit+$63
Max loss−$137
Breakeven$64.63
Spread$64 / $66
Probability of profit60%
Days to expiration27

When this trade makes sense

Use when

    Avoid when

      Read the full bear call spreads guide →

      05 — RUN IT LIVE

      See the highest chance of profit on NFLX.

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