null Option on Cloudflare

NET Stock  USD 215.42  -5.94  -2.68%   
For June 18, 2026, Cloudflare lists 102 contracts (50 calls, 52 puts). Moneyness is distributed across 33 in-the-money calls, 17 out-of-the-money calls, 16 in-the-money puts, and 36 out-of-the-money puts. The largest open-interest clusters are near the 250.0 call strike and the 100.0 put strike. Max pain for this expiration is estimated near strike 220.0. Across this chain snapshot, the combined implied volatility measure is about 0.77. Current open interest is 8.1 K puts versus 21.5 K calls (put/call OI ratio: 0.38); call-side open interest dominates. Recent trading volume is 62.0 puts versus 195 calls (put/call volume ratio: 0.32); call-side recent volume dominates.

Open Interest Across June 18th 2026 Options

Maximum Pain Price Across 2026-06-18 Cloudflare Options

Max pain estimate is near strike 220.0.

Call Balance for Cloudflare

Call contracts: 33 in-the-money vs 17 out-of-the-money.

Cloudflare Options Market Mood

Open interest totals 8.1 K puts vs 21.5 K calls (put/call 0.38). Recent volume totals 62.0 puts vs 195 calls (put/call 0.32).

Put/Call Open Interest

Put-to-Call Volume

Rule 16 for the current Cloudflare contract

The Rule 16 framework implies a daily move near 4.81% for 2026-06-18 option pricing. At the current price level of $ 215.42, the implied move is near $ 10.37.
  

Option Chain

A Cloudflare call is in the money when the market price is above the contract strike. ITM Cloudflare contracts cost more upfront but carry less directional risk than OTM alternatives. ITM Cloudflare contracts cost more but are more responsive to price changes in Cloudflare's stock.
Reviewing Cloudflare's option chain shows the full range of available Cloudflare contracts. The chain consolidates pricing, volume, and open interest data to support Cloudflare position analysis. Key metrics such as open interest, implied volatility, and volume help frame Cloudflare's current options landscape.
Across the current expiration, Cloudflare lists 102 option contracts. Combined implied volatility is currently 0.77, which gives a snapshot of how much movement the market is pricing in. On the volume side, calls have seen 195 contracts change hands versus 62.0 for puts (put/call volume ratio: 0.32). By moneyness, there are 33 ITM and 17 OTM calls alongside 16 ITM and 36 OTM puts.
Open IntStrike PriceCurrent SpreadLast Price
Call
NET260618C0038000010380.00.85 - 1.140.8Out
Call
NET260618C003700007370.00.51 - 1.550.39Out
Call
NET260618C0036000018360.00.72 - 1.741.07Out
Call
NET260618C0035000043350.01.42 - 2.11.5Out
Call
NET260618C0034000017340.01.18 - 2.611.99Out
Call
NET260618C0033000065330.01.53 - 3.152.03Out
Call
NET260618C00320000533320.02.66 - 3.93.01Out
Call
NET260618C0031000071310.03.3 - 4.856.0Out
Call
NET260618C00300000303300.04.5 - 5.855.2Out
Call
NET260618C0029000074290.05.85 - 7.056.64Out
Call
NET260618C002800002672280.07.0 - 8.48.15Out
Call
NET260618C002700002044270.08.95 - 11.411.25Out
Call
NET260618C002600001505260.011.5 - 13.212.57Out
Call
NET260618C002500004050250.014.6 - 16.516.0Out
Call
NET260618C00240000454240.017.7 - 19.719.03Out
Call
NET260618C00230000947230.021.75 - 24.3523.05Out
Call
NET260618C00220000999220.026.4 - 28.5527.5Out
Call
NET260618C002100001087210.031.6 - 33.635.0In
Call
NET260618C00200000580200.037.55 - 39.9539.13In
Call
NET260618C00195000197195.040.85 - 43.5539.0In
Call
NET260618C001900003142190.043.95 - 46.145.88In
Call
NET260618C00185000306185.047.45 - 49.6550.94In
Call
NET260618C00180000218180.050.65 - 53.6554.4In
Call
NET260618C0017500094175.054.3 - 57.346.0In
Call
NET260618C001700001006170.058.05 - 60.954.37In
Call
NET260618C0016500085165.062.0 - 65.066.68In
Call
NET260618C0016000081160.066.3 - 69.1548.44In
Call
NET260618C0015500059155.070.3 - 73.556.8In
Call
NET260618C00150000396150.074.55 - 77.653.25In
Call
NET260618C0014500013145.079.8 - 82.1579.83In
Call
NET260618C0014000053140.083.8 - 86.392.32In
Call
NET260618C0013500047135.087.9 - 91.444.63In
Call
NET260618C0013000038130.092.7 - 95.791.1In
Call
NET260618C0012500014125.097.1 - 100.3590.75In
Call
NET260618C0012000049120.0101.8 - 105.4585.84In
Call
NET260618C0011500039115.0106.5 - 109.75113.2In
Call
NET260618C0011000010110.0111.25 - 114.757.45In
Call
NET260618C0010500029105.0116.05 - 119.45121.48In
Call
NET260618C0010000020100.0120.85 - 124.3125.0In
Call
NET260618C000975002497.5123.3 - 126.795.45In
Call
NET260618C000950003795.0125.75 - 129.35118.03In
Call
NET260618C00092500192.5128.15 - 131.6133.2In
Call
NET260618C00090000490.0130.6 - 134.0582.58In
Call
NET260618C000800001580.0140.35 - 144.0145.95In
Call
NET260618C00075000175.0145.25 - 148.75135.17In
Call
NET260618C00065000265.0155.1 - 158.5152.86In
Call
NET260618C00060000360.0160.0 - 163.45164.0In
Call
NET260618C00055000255.0164.95 - 168.4132.95In
Call
NET260618C000500001450.0169.85 - 173.4122.75In
Call
NET260618C00047500747.5172.35 - 175.85170.0In
Put
NET260618P003800000380.0157.3 - 160.75157.3In
Put
NET260618P003700000370.0147.3 - 150.75147.3In
Put
NET260618P003600000360.0137.35 - 140.8146.7In
Put
NET260618P003500000350.0127.5 - 130.95127.5In
Put
NET260618P003400000340.0117.7 - 121.2101.15In
Put
NET260618P003300000330.0108.15 - 110.7108.15In
Put
NET260618P003200000320.098.75 - 102.0598.75In
Put
NET260618P003100000310.089.15 - 92.789.15In
Put
NET260618P003000005300.080.5 - 82.9101.0In
Put
NET260618P002900000290.071.35 - 74.8590.75In
Put
NET260618P002800001280.063.1 - 65.8556.25In
Put
NET260618P0027000020270.054.95 - 57.961.9In
Put
NET260618P0026000013260.047.7 - 50.347.42In
Put
NET260618P002500004250.040.7 - 42.5541.52In
Put
NET260618P00240000113240.034.3 - 36.637.48In
Put
NET260618P0023000046230.028.25 - 30.327.6In
Put
NET260618P0022000095220.022.85 - 24.7524.07Out
Put
NET260618P00210000139210.018.2 - 20.120.7Out
Put
NET260618P00200000310200.014.25 - 16.317.26Out
Put
NET260618P0019500070195.012.35 - 14.4513.43Out
Put
NET260618P0019000040190.010.9 - 12.911.81Out
Put
NET260618P0018500074185.09.6 - 11.1510.38Out
Put
NET260618P00180000801180.08.6 - 10.29.56Out
Put
NET260618P00175000663175.07.35 - 8.557.75Out
Put
NET260618P00170000478170.06.1 - 8.157.65Out
Put
NET260618P00165000312165.04.8 - 7.26.75Out
Put
NET260618P00160000936160.04.35 - 6.355.46Out
Put
NET260618P00155000174155.03.55 - 5.54.55Out
Put
NET260618P00150000363150.02.9 - 4.93.85Out
Put
NET260618P00145000230145.02.49 - 4.153.25Out
Put
NET260618P00140000302140.01.99 - 3.552.32Out
Put
NET260618P0013500041135.01.64 - 2.922.29Out
Put
NET260618P00130000219130.01.31 - 2.451.94Out
Put
NET260618P00125000192125.00.97 - 2.061.5Out
Put
NET260618P00120000195120.00.89 - 1.731.25Out
Put
NET260618P0011500044115.00.7 - 1.651.0Out
Put
NET260618P0011000061110.00.5 - 1.211.54Out
Put
NET260618P0010500035105.00.36 - 1.083.65Out
Put
NET260618P001000001675100.00.05 - 0.840.58Out
Put
NET260618P000975003697.50.01 - 0.791.7Out
Put
NET260618P000950005295.00.0 - 0.771.6Out
Put
NET260618P000925002692.50.0 - 0.681.26Out
Put
NET260618P000900004490.00.04 - 0.641.28Out
Put
NET260618P000850002885.00.01 - 0.620.84Out
Put
NET260618P000800002180.00.0 - 0.910.49Out
Put
NET260618P0007500012875.00.0 - 0.80.53Out
Put
NET260618P000700002570.00.0 - 2.20.37Out
Put
NET260618P00065000565.00.0 - 2.170.23Out
Put
NET260618P000600002560.00.0 - 2.160.21Out
Put
NET260618P000550001055.00.0 - 2.140.37Out
Put
NET260618P000500007950.00.0 - 2.140.2Out
Put
NET260618P00047500447.50.0 - 0.390.14Out

Open Interest

The options chain for Cloudflare reflects how derivatives traders are weighing upside potential against downside protection at current levels. Open interest concentrations at specific strikes often indicate where institutional hedging or speculative interest is clustered.
The outstanding position count for Cloudflare reaches 29.6 K, divided into 21.5 K call contracts and 8.1 K put contracts. At a 0.38 put/call ratio, the data is pointing to a bullish skew in open positioning. Peak call OI sits at strike 250.0 and peak put OI at strike 100.0, marking the key levels traders are watching. Max pain is estimated around 220.0, which represents the strike where aggregate option-holder losses would be maximized at expiration.

Open Interest for June 18th 2026 Calls

Open Interest for June 18th 2026 Puts

Options Data Overview & Methodology

Option interest around Cloudflare can reveal support, resistance, and sentiment asymmetry. All metrics are derived from available inputs and shown for reference. Max-pain zones and strike density can help identify crowded price regions into expiration. Cloudflare has a market cap of 75.82 B, ROE of -8.16%.

This section for Cloudflare is built from periodic company reporting and market reference feeds, with reporting definitions aligned before display. 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 28th, 2026

Cloudflare Corporate Management

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

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