NFLX GEX - Gap filled, C1 in focusNetflix, Inc.NASDAQ:NFLXTanukiTradeNFLX has now filled the gap left after the April earnings selloff and is trading back above 73 – HVL, inside a positive GEX regime. Spot sits near 73.52, with the next call wall — C1 at 75 — directly overhead. Price remains below the 50 SMA and 200 SMA, so this is still a recovery bounce inside a broader downtrend structure. 🔶 Regime Context 🔶 Above HVL at 73, NFLX is in a positive GEX regime — price action tends to behave more controlled than below the flip. Holding this zone keeps the gap-fill bounce structurally intact. 🔶 Options Structure Context 🔶 👉 75 – C1 — highest call NETGEX wall; immediate focus after the gap fill 👉 70 – Ab1 — largest absolute gamma; price is already trading above it 👉 90 – C2 — next call wall, still well above and not the near-term target 🔶 Downside Structure 🔶 👉 65 – P1 — strongest put wall / primary support floor from the recent low 🔶 Options Sentiment 🔶 CALL$ 37.6% (52 DTE) means call options at an equivalent distance from spot are priced 37.6% higher than the corresponding puts — this is call pricing skew. IVRank 32.8 IVx 36.6 (52 DTE) CALL$ 37.6% (52 DTE) — call pricing skew Implied move ±2.7% 🔶 Key Structure to Watch 🔶 73 — HVL / regime pivot 75 — C1 call wall 70 — Ab1 65 — P1 put wall 90 — C2 (distant) For now, the story is simple: gap filled, HVL reclaimed, C1 at 75 is the next test. The key question is whether momentum can push through 75 – C1 — or whether the call wall rejects this bounce while price is still below the major moving averages.