01 — NFLX · IRON CONDOR

Best NFLX iron condor 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 · 4-leg iron condor
$54/$56P + $68/$70C · Dec 4
34 DAYS · BOTH WINGS 2 WIDE · SELL TO OPEN
Credit
$60
Return
42.86%
PoP
67%
WingsExpirationCreditReturn ↓PoP
$57P / $67C
3 wide wings
Dec 4
34 days
$72
$0.72 / share
31.58%61%
$57P / $67C
3 wide wings
Nov 27
27 days
$66
$0.66 / share
28.21%65%
$56P / $68C
2 wide wings
Nov 27
27 days
$42
$0.42 / share
26.58%72%
$55P / $69C
2 wide wings
Dec 4
34 days
$34
$0.34 / share
20.48%73%
5 of 5 matchesCustomize filters →

03 — Strategy

Iron Condor, plainly explained

Traders expecting consolidation and seeking bounded risk/reward.

P&L at expiration · $54/$56P + $68/$70C · 34 DTE

$0+$60−$140$54$56P$68C$70

Key numbers

Premium collected+$60
Max profit+$60
Max loss−$140
Profit zone$55.40 — $68.60
Probability of profit67%
Days to expiration34

When this trade makes sense

Use when

    Avoid when

      Read the full iron condor 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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