01 — NFLX · CASH-SECURED PUTS

Best NFLX cash-secured puts 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.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
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
$61 put · Nov 27
27 DAYS · 1.7% OTM · SELL TO OPEN
Credit
$191
Return
3.08%
PoP
60%
StrikeExpirationCreditReturn ↓PoP
$60
3.4% OTM
Dec 4
34 days
$163
$1.63 / share
2.63%66%
$60
3.4% OTM
Nov 27
27 days
$145
$1.45 / share
2.34%67%
$59
5.0% OTM
Dec 4
34 days
$131
$1.31 / share
2.11%71%
$59
5.0% OTM
Nov 27
27 days
$105
$1.05 / share
1.69%73%
$35
43.6% OTM
Dec 4
34 days
$3
$0.03 / share
0.05%70%
6 of 6 matchesCustomize filters →

03 — Strategy

Cash-Secured Puts, plainly explained

Income-focused traders comfortable owning shares if assigned.

P&L at expiration · $61 put · 27 DTE

$0+$191losses$59.09 BREAKEVEN$61 STRIKE

Key numbers

Premium collected+$191
Max profit+$191
Breakeven$59.09
Capped above$61
Probability of profit60%
Days to expiration27

When this trade makes sense

Use when

  • ✓You have cash to buy 100 shares at the strike
  • ✓You'd be happy owning the stock at the strike price
  • ✓You think the stock holds or drifts up
  • ✓IV rank is elevated — premiums are rich

Avoid when

  • ✕You think the stock is about to drop hard
  • ✕You don't actually want to own the stock
  • ✕Earnings are inside the expiration window
  • ✕Premiums are unusually low — nothing to collect
Read the full cash-secured puts guide →

05 — RUN IT LIVE

See the highest chance of profit on NFLX.

Alpha Hawk scans live chains and recommends setups based on current market conditions.

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