NFLX Options History — March 2007

In March 2007, NFLX traded between $0.29 and $0.34. ATM implied volatility averaged 38.1%. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 0.9% (HV 20d: 37.2%). Max pain ranged from $0.32 to $0.32. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 1.16.

Notable Days

  • 2007-03-05: Highest Volume — 503,510 contracts
  • 2007-03-05: Largest IV spike — 32.8% change
  • 2007-03-05: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.32$0.29$0.34$0.33$0.33
Max Pain$0.32$0.32$0.32$0.32$0.32
ATM IV38.1%30.6%49.2%38.4%34.2%
Expected Move10.4%8.8%11.9%11.0%9.8%
HV 20d37.2%31.8%41.5%31.8%36.7%
HV 60d37.6%36.7%38.5%37.7%37.1%
Term Structure10.0%-2.1%15.1%-2.1%15.1%
VWIV36.4%31.1%41.8%41.8%34.4%
Skew 25d4.1%1.3%13.9%6.8%1.7%
Skew 10d10.4%1.4%22.9%15.9%10.9%
Call IV 25d34.9%27.0%38.9%38.5%35.3%
Put IV 25d38.9%32.7%45.3%45.3%36.9%
Bid-Ask Spread %9.854.9317.629.595.94
Gamma HHI0.260.170.350.170.30
Net GEX90.7K-545.1K552.0K200.5K386.9K
Net DEX5.8M-22.5M34.3M-2.4M-16.0M
Net VEX-427.7K-465.9K-388.5K-445.4K-464.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.133.461.541.15
Total Volume251,707.27354,390503,510336,49096,740
Total OI8,377,501.3646,604,2209,633,5408,921,8507,705,250

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-03-01$0.33$0.3238.4%11.0%31.8%0.0%41.8%6.8%-2.1%200.5K-2.4M-445.4K1.549.59N/AN/A132,650203,8404,732,6304,189,220
2007-03-02$0.32$0.3237.0%10.6%32.9%0.0%38.1%13.9%-0.5%127.0K8.2M-438.7K0.5511.66N/AN/A128,94071,1904,774,3504,290,300
2007-03-05$0.30$0.3249.2%11.9%38.3%0.0%40.1%4.6%6.6%-159.9K28.0M-408.9K0.5710.60N/AN/A320,600182,9104,834,4104,308,780
2007-03-06$0.31$0.3241.5%10.9%39.0%0.0%39.3%3.9%8.5%55119.7M-429.4K0.3113.29N/AN/A263,76082,9505,042,3104,318,580
2007-03-07$0.30$0.3247.8%11.7%39.0%0.0%39.5%4.4%7.1%-64.2K24.1M-420.5K0.1310.49N/AN/A328,37041,4405,127,4304,342,170
2007-03-08$0.30$0.3243.9%11.6%37.6%0.0%40.0%4.0%7.7%-61.7K23.6M-417.1K0.968.42N/AN/A27,79026,6004,973,3604,341,400
2007-03-09$0.30$0.3244.2%11.4%34.5%0.0%37.7%3.8%7.6%-196.7K26.8M-401.1K0.5712.84N/AN/A99,05056,0004,977,5604,321,170
2007-03-12$0.30$0.3241.6%11.7%33.6%0.0%39.1%5.8%7.0%-186.2K27.4M-390.5K0.9317.62N/AN/A130,060120,6805,039,3004,333,770
2007-03-13$0.29$0.3246.0%10.7%34.3%0.0%37.5%2.1%10.3%-545.1K34.3M-388.5K3.469.31N/AN/A74,620258,3005,113,2904,388,370
2007-03-14$0.30$0.3242.0%11.7%36.2%0.0%40.3%3.3%7.3%-179.4K24.7M-397.4K2.3810.40N/AN/A84,350200,6205,134,1504,399,430
2007-03-15$0.30$0.3238.6%11.1%36.1%0.0%37.7%4.0%8.4%-58.1K24.8M-395.0K0.6114.60N/AN/A86,03052,1505,173,5604,439,400
2007-03-16$0.30$0.3237.5%10.7%36.1%0.0%36.7%4.5%9.4%-72.6K26.3M-391.4K2.318.42N/AN/A81,060187,6005,173,9104,459,630
2007-03-19$0.31$0.3231.1%8.9%36.1%0.0%32.4%2.8%13.2%-129.2K6.6M-394.4K2.206.57N/AN/A139,090306,5303,412,4303,191,790
2007-03-20$0.32$0.3230.6%8.8%39.6%0.0%31.4%2.8%13.6%22.9K-3.5M-431.7K0.8712.32N/AN/A185,640161,7003,487,3303,405,850
2007-03-21$0.33$0.3232.0%9.2%40.7%0.0%32.2%4.0%13.3%238.8K-11.6M-444.5K0.559.22N/AN/A99,82055,1603,571,1903,449,600
2007-03-22$0.33$0.3230.9%8.9%40.3%0.0%31.1%1.3%14.5%261.8K-12.3M-444.8K0.886.39N/AN/A30,87027,2303,609,2003,471,020
2007-03-23$0.34$0.3233.3%9.5%41.4%0.0%32.9%1.4%14.5%429.9K-21.2M-457.3K0.144.93N/AN/A355,81051,2403,613,4703,477,250
2007-03-26$0.33$0.3233.7%9.7%41.5%0.0%36.1%4.9%15.0%445.3K-17.4M-458.8K0.9611.02N/AN/A84,00080,8503,861,1303,495,870
2007-03-27$0.34$0.3234.7%10.0%38.0%0.0%33.6%2.6%14.2%552.0K-22.5M-464.9K0.246.69N/AN/A111,02026,2503,885,0703,499,300
2007-03-28$0.33$0.3234.3%9.8%37.8%0.0%33.1%2.9%14.2%500.5K-19.5M-458.9K2.438.68N/AN/A54,460132,5103,906,2103,515,260
2007-03-29$0.33$0.3234.9%10.0%37.5%0.0%34.9%3.8%14.9%482.7K-20.3M-465.9K1.747.76N/AN/A108,360188,7203,937,2203,582,110
2007-03-30$0.33$0.3234.2%9.8%36.7%0.0%34.4%1.7%15.1%386.9K-16.0M-464.0K1.155.94N/AN/A44,94051,8003,999,0303,706,220