The stock is putting in a bear flag after a pretty strong downside move.
I don’t think this is fadeable… yet. However, if/when NFLX clears under 90 then we can start looking at some bull put spreads.
The Jun 80/75 bull put spread for around .90 entry is a good starting place.
If you wanted to get cute, then you can buy the Jun 90/80/70 put spread. Then when NFLX starts to fall you close out the 90/80 put spread for profits and just hold the bullish part of the trade.