NFLX Options Signal Bullish Momentum: Key Strike Levels and Strategic Entry Points for Apr 2, 2026

• Current price: $97.87
• Intraday gain of 2.42%
• High open interest in $100 calls

Netflix is on a roll today. From a quiet open near $95, the stock has surged past $98 — a sharp intraday rebound that has traders on edge. What’s interesting isn’t just the price action, but what the options market is whispering: a growing appetite for upside, especially around the $100 strike. Combine that with mixed technical indicators, and there’s a compelling case to pay attention.

Tracking Bullish Sentiment Through Options and Block Trades

The options chain is telling a clear story — one of cautious optimism with a bullish slant. For this Friday’s expiration, the $100 strike call has the highest open interest at 20,825 contracts, followed closely by $99 and $105. That’s not an accident. When a strike gathers that kind of interest, it usually means smart money is positioning for a move, especially with the stock trading just below that level today.

On the put side, the $92 and $93 strikes have the most open interest — but it’s nowhere near the call volume. That’s a sign most traders are betting on a rebound rather than a retreat. The put/call ratio for open interest is nearly even at 0.97 — a balanced but slightly bullish stance.

Block trades also add intrigue. A 2,100-contract call purchase at the $99 strike (NFLX20260410C99) is a bullish signal for those expiring next Friday. That kind of volume doesn’t appear out of nowhere — it suggests larger investors are hedging for or expecting a test of $100 before the week ends.

Putting the News Into Perspective

While there haven’t been any major headlines directly tied to Netflix in the last three days, that doesn’t mean the stock is flying blind. The market is often forward-looking. Netflix’s subscriber growth in Q4 2025 and its expanding footprint in live sports — including NFL Sunday Ticket — are still fresh in the minds of investors. That’s not breaking news, but it’s a foundation for a bullish tilt in options trading. If you’re betting on the next big move, you’re already looking past the noise.

Trade Ideas: Calls, Puts, and Stock Entries

For options traders, the most attractive call to consider today is NFLX20260403C100 (expiring tomorrow). The stock has already approached that level, and a close above it would make these contracts valuable. The RSI is sitting at 53.85 — not overbought — so there’s room for a bit more upward momentum. If you’re playing for a short-term pop, this is a solid pick.

Looking ahead, the $100 strike for next Friday (NFLX20260410C100) could be another play if the stock continues to hold above its 30-day moving average of $92.02. The Bollinger Bands show the stock is trading near the upper band at $99.41 — a sign of strength in a short-term context.

For stock traders, the key levels to watch are support at $93.15 and resistance at $101.13. A strong close above $98.50 could signal a breakout that takes the stock toward $101.50. If you’re bullish on the long-term, consider a buy near $96.50 as a support level. That’s where the 200-day average has been historically influential — though it’s far from the current price.

Volatility on the Horizon

The market is watching Netflix like a hawk. With strong volume today and a tight Bollinger Band squeeze, we could see a sharp move in either direction by the end of the week. The MACD is still bullish, with a positive histogram and signal line crossover — but don’t be surprised if the stock pulls back toward $95 or bounces off the 200-day moving average. That’s where the real action could begin.

So, what’s the takeaway? Netflix is in a sweet spot: technically mixed but sentiment bullish. Options are hinting at a move — and a big one. Whether you play it with calls, or sit back with the stock, the next few days could be the ones that define the near-term trend. Keep an eye on $100 — and don’t let the noise distract you from the bigger picture.