NFLX Options History — August 2007

In August 2007, NFLX traded between $0.24 and $0.26. ATM implied volatility averaged 48.7%, placing in the 45.4% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded below realized volatility by 4.3% (HV 20d: 53.0%). Max pain ranged from $0.25 to $0.29. Net GEX was positive for 3 of 23 trading days. Term structure was in contango for 21 of 23 days. Put/call ratio averaged 1.22.

Notable Days

  • 2007-08-20: Highest Volume — 642,740 contracts
  • 2007-08-27: Largest IV spike — 17.3% change
  • 2007-08-09: Highest IV Rank — 78.9%
  • 2007-08-03: Largest Expected Move — 17.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.25$0.24$0.26$0.25$0.25
Max Pain$0.28$0.25$0.29$0.25$0.29
ATM IV48.7%33.0%62.7%54.6%38.0%
Expected Move13.0%9.5%17.7%15.6%10.9%
HV 20d53.0%31.2%67.7%63.2%34.4%
HV 60d53.0%51.6%54.3%51.8%51.6%
IV Rank45.4%7.6%78.9%59.4%19.6%
IV Percentile66.7%8.6%91.4%87.6%46.1%
Term Structure3.7%-9.8%7.1%1.2%3.6%
VWIV46.0%32.5%59.4%55.3%38.2%
Skew 25d3.7%-9.6%10.7%-1.9%3.0%
Skew 10d5.9%-23.3%16.5%2.4%5.3%
Call IV 25d46.5%32.1%65.4%56.8%43.0%
Put IV 25d50.2%39.6%56.1%55.0%46.0%
Bid-Ask Spread %14.127.5525.9611.5411.00
Gamma HHI0.180.130.250.190.16
Net GEX-261.8K-466.0K32.5K-183.9K-271.9K
Net DEX36.0M26.2M46.4M33.7M31.5M
Net VEX-354.5K-384.8K-330.8K-379.6K-337.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.166.161.016.16
Total Volume275,206.522105,350642,740196,000143,290
Total OI10,450,296.9579,324,63011,278,96010,540,4609,930,200

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-08-01$0.25$0.2554.6%15.6%63.2%59.4%55.3%-1.9%1.2%-183.9K33.7M-379.6K1.0111.54N/AN/A97,30098,7005,526,9905,013,470
2007-08-02$0.24$0.2555.3%15.9%63.1%61.2%55.6%-2.3%-3.1%-201.9K35.4M-377.6K2.0510.55N/AN/A161,700331,9405,550,6505,067,160
2007-08-03$0.24$0.2561.7%17.7%62.2%76.4%59.4%-9.6%-9.8%-234.6K41.9M-363.0K1.1110.24N/AN/A178,500198,6605,637,5905,251,680
2007-08-06$0.24$0.2960.9%14.4%63.3%74.6%49.6%3.8%3.7%-137.8K39.4M-363.2K1.2520.10N/AN/A166,180207,6905,725,0905,215,140
2007-08-07$0.25$0.2959.9%13.7%64.2%72.2%48.4%5.5%4.7%-87.2K34.7M-369.2K0.8518.82N/AN/A95,27081,2705,775,5605,205,620
2007-08-08$0.26$0.2962.1%13.4%66.0%77.5%47.3%5.0%4.8%32.5K26.2M-384.4K0.378.16N/AN/A197,05073,2205,800,2705,224,100
2007-08-09$0.25$0.2962.7%14.1%65.9%78.9%48.9%4.6%3.5%15.7K28.8M-376.0K0.8021.18N/AN/A133,420106,2605,825,1205,235,790
2007-08-10$0.26$0.2957.7%14.1%66.0%67.0%50.1%5.3%3.4%4.7K27.0M-384.8K1.4725.96N/AN/A86,030126,2105,824,0705,275,830
2007-08-13$0.25$0.2960.5%14.5%66.5%73.5%51.2%2.7%4.0%-127.5K35.9M-361.2K1.5117.75N/AN/A63,35095,7605,853,5405,321,540
2007-08-14$0.25$0.2954.4%14.8%66.5%59.0%51.5%5.4%3.9%-191.1K36.6M-357.2K0.6017.62N/AN/A307,440184,4505,863,3405,372,430
2007-08-15$0.25$0.2957.0%14.3%66.5%65.3%50.5%3.3%5.5%-336.1K37.8M-364.2K0.7218.36N/AN/A85,96061,6705,781,5105,462,030
2007-08-16$0.24$0.2949.5%14.2%67.1%47.3%50.1%5.3%6.4%-386.9K44.4M-348.2K1.7315.58N/AN/A78,820136,4305,784,0305,494,930
2007-08-17$0.25$0.2947.0%13.5%67.7%41.3%47.6%7.7%6.9%-426.4K46.4M-347.7K1.4417.27N/AN/A200,970288,7505,777,1005,481,980
2007-08-20$0.25$0.2941.1%11.8%50.3%27.0%41.8%3.1%3.2%-466.0K38.9M-336.0K0.387.55N/AN/A464,450178,2904,380,3204,944,310
2007-08-21$0.25$0.2936.4%10.4%42.5%15.8%39.3%3.9%6.4%-452.1K38.2M-338.0K0.6710.07N/AN/A62,93042,4204,562,3905,026,910
2007-08-22$0.25$0.2935.7%10.2%40.6%14.2%36.0%1.9%6.9%-440.9K37.4M-342.6K2.2210.07N/AN/A63,350140,8404,588,9905,027,610
2007-08-23$0.25$0.2934.3%9.8%32.9%10.8%35.3%4.0%7.1%-444.9K38.3M-334.2K0.647.59N/AN/A131,25083,6504,592,0004,999,190
2007-08-24$0.25$0.2933.0%9.5%31.2%7.6%32.5%8.4%6.5%-387.7K32.0M-347.1K1.147.94N/AN/A100,660114,7304,655,4904,994,150
2007-08-27$0.24$0.2938.7%11.1%33.7%21.3%39.2%5.1%3.4%-373.5K37.8M-333.8K0.469.89N/AN/A113,12052,2904,712,6105,067,440
2007-08-28$0.24$0.2939.5%11.3%33.7%23.3%42.6%5.1%3.8%-340.3K38.3M-330.8K0.1617.01N/AN/A440,02070,4904,748,5205,020,120
2007-08-29$0.25$0.2940.5%11.6%35.4%25.7%41.5%10.7%5.8%-283.8K32.1M-342.7K0.7815.78N/AN/A88,20068,6704,836,3705,024,740
2007-08-30$0.25$0.2940.5%11.6%36.0%25.7%46.1%5.9%3.0%-299.3K35.1M-334.6K0.5214.65N/AN/A84,21043,8904,851,2805,047,630
2007-08-31$0.25$0.2938.0%10.9%34.4%19.6%38.2%3.0%3.6%-271.9K31.5M-337.1K6.1611.00N/AN/A20,020123,2704,891,1805,039,020