NET260618P00115000 Option on Cloudflare

NET Stock  USD 212.45  0.34  0.16%   
NET260618P00115000 is a listed put option on Cloudflare. Strike price is $115.0, and the contract expires on June 18th 2026. The latest recorded trade is $2.71, and the contract has 95 days remaining until expiration. Current quoted prices are $1.0 on the bid and $1.9 on the ask. Current contract metrics indicate open interest of 45 contracts and implied volatility near 0.77%.
  

Rule 16 for the 2026-06-18 option contract

Based on Rule 16, the market-implied daily move for 2026-06-18 options is about 4.79%. The figure is a neutral volatility reference; near $ 212.45, it implies about $ 10.17 per day.

Out Of The Money Put Option on Cloudflare

An 'Out of The Money' option on Cloudflare has a strike price that Cloudflare Stock has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for Cloudflare's 'Out of The Money' options include buying the options if you expect a big move in Cloudflare's stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
Put Contract NameNET260618P00115000
Expires On2026-06-18
Days Before Expriration95
Vega0.088908
Gamma9.78E-4
Theoretical Value1.45
Open Interest45
Strike Price115.0
Last Traded At2.71
Current Price Spread1.0 | 1.9
Rule 16 Daily Up or Down$ 10.17

Cloudflare short PUT Option Greeks

Cloudflare's Option Greeks for the contract ending on 2026-06-18 at a strike price of 115.0 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to Cloudflare's option greeks, its implied volatility helps estimate the risk of Cloudflare stock implied by the prices of the options on Cloudflare's stock.
Delta-0.037405
Gamma9.78E-4
Theta-0.034586
Vega0.088908
Rho-0.022937

Cloudflare long PUT Option Payoff at expiration

Put options written on Cloudflare grant holders of the option the right to sell a specified amount of Cloudflare at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Cloudflare Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Cloudflare is like buying insurance aginst Cloudflare's downside shift.
   Profit   
       Cloudflare Price At Expiration  

Cloudflare short PUT Option Payoff at expiration

By selling Cloudflare's put option, the investors signal their bearish sentiment. A short position in a put option written on Cloudflare will generally make money when the underlying price is above the strike price. Therefore Cloudflare's put payoff at expiration depends on where the Cloudflare Stock price is relative to the put option strike price. The breakeven price of 113.55 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to Cloudflare's price. Finally, at the strike price of 115.0, the payoff chart is constant and positive.
   Profit   
       Cloudflare Price At Expiration  
View All Cloudflare Options

Cloudflare Available Put Options

Cloudflare's option chain lists available call and put contracts for Cloudflare, organized by expiration and strike price. The table below shows the current listings and pricing details for the selected expiration.
Open IntStrike PriceCurrent SpreadLast Price
 Put
NET260618P003800000380.0165.8 - 169.6165.8In
 Put
NET260618P003700000370.0155.85 - 159.55155.85In
 Put
NET260618P003600000360.0145.85 - 149.6146.7In
 Put
NET260618P003500000350.0135.6 - 139.7135.6In
 Put
NET260618P003400000340.0126.2 - 129.7101.15In
 Put
NET260618P003300000330.0116.55 - 119.95116.55In
 Put
NET260618P003200000320.0106.9 - 110.3106.9In
 Put
NET260618P003100000310.097.45 - 100.8597.45In
 Put
NET260618P003000005300.088.05 - 91.5101.0In
 Put
NET260618P002900000290.079.2 - 81.9590.75In
 Put
NET260618P002800001280.070.7 - 73.7556.25In
 Put
NET260618P0027000020270.062.5 - 65.467.7In
 Put
NET260618P0026000011260.054.85 - 57.560.0In
 Put
NET260618P002500004250.047.25 - 49.7562.75In
 Put
NET260618P00240000121240.040.4 - 42.7572.45In
 Put
NET260618P0023000064230.034.0 - 36.468.8In
 Put
NET260618P0022000094220.028.1 - 30.630.5In
 Put
NET260618P00210000135210.023.05 - 25.4522.0Out
 Put
NET260618P00200000284200.018.45 - 21.020.04Out
 Put
NET260618P0019500052195.016.5 - 18.716.3Out
 Put
NET260618P0019000030190.014.65 - 15.716.12Out
 Put
NET260618P0018500073185.012.75 - 14.7513.79Out
 Put
NET260618P00180000781180.011.25 - 12.311.25Out
 Put
NET260618P00175000624175.09.75 - 10.6510.4Out
 Put
NET260618P00170000477170.08.45 - 9.959.45Out
 Put
NET260618P0016500061165.07.15 - 8.657.83Out
 Put
NET260618P00160000835160.06.15 - 7.06.9Out
 Put
NET260618P00155000225155.05.2 - 6.156.05Out
 Put
NET260618P00150000359150.04.45 - 5.35.1Out
 Put
NET260618P00145000211145.03.35 - 4.754.59Out
 Put
NET260618P00140000305140.02.73 - 3.953.37Out
 Put
NET260618P0013500042135.02.43 - 2.922.61Out
 Put
NET260618P00130000219130.01.96 - 2.832.68Out
 Put
NET260618P00125000190125.01.66 - 2.232.02Out
 Put
NET260618P00120000235120.01.06 - 2.055.98Out
 Put
NET260618P0011500045115.01.0 - 1.92.71Out
 Put
NET260618P0011000061110.00.49 - 1.651.54Out
 Put
NET260618P0010500035105.00.3 - 1.243.65Out
 Put
NET260618P001000001677100.00.35 - 0.80.64Out
 Put
NET260618P000975003697.50.06 - 1.161.7Out
 Put
NET260618P000950005295.00.0 - 0.931.6Out
 Put
NET260618P000925002692.50.08 - 0.821.26Out
 Put
NET260618P000900004490.00.02 - 0.781.28Out
 Put
NET260618P000850002885.00.0 - 0.590.84Out
 Put
NET260618P000800002180.00.0 - 0.580.49Out
 Put
NET260618P0007500012875.00.0 - 0.80.53Out
 Put
NET260618P000700002570.00.0 - 2.310.37Out
 Put
NET260618P00065000565.00.0 - 2.270.23Out
 Put
NET260618P000600002560.00.0 - 2.230.21Out
 Put
NET260618P000550001055.00.0 - 2.20.37Out
 Put
NET260618P000500007950.00.0 - 2.180.2Out
 Put
NET260618P00047500447.50.0 - 0.390.14Out

Options Data Overview & Methodology

Assess Cloudflare option flows to improve entry timing and risk controls. Max-pain zones and strike density can help identify crowded price regions into expiration. Cloudflare has a market cap of 74.78 B, ROE of -8.16%.

This section for Cloudflare is built from periodic company reporting and market reference feeds, with harmonization applied to align reporting definitions. Values may update on different source schedules. Option-chain values are sourced from exchange feeds and can be delayed.

This content is curated and reviewed by:

Raphi Shpitalnik - Junior Member of Macroaxis Editorial Board
Last reviewed on February 19th, 2026

Cloudflare Corporate Management

Paul UnderwoodChief OfficerProfile
Lee HollowayCo-FounderProfile
Darth SriBearSystems Reliability EngineerProfile
JohnChief OfficerProfile
Douglas JDChief SecretaryProfile

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