NFLX Options History — March 2008

In March 2008, NFLX traded between $0.44 and $0.55. ATM implied volatility averaged 58.3%, placing in the 50.6% IV rank vs the trailing year. The 30-day expected move averaged 17.3%. IV traded above realized volatility by 4.7% (HV 20d: 53.6%). Max pain ranged from $0.36 to $0.50. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 1.15.

Notable Days

  • 2008-03-26: Highest Volume — 1,018,010 contracts
  • 2008-03-13: Largest IV spike — 23.8% change
  • 2008-03-27: Highest IV Rank — 75.0%
  • 2008-03-27: Largest Expected Move — 20.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.49$0.44$0.55$0.44$0.49
Max Pain$0.44$0.36$0.50$0.36$0.50
ATM IV58.3%45.0%71.9%49.9%69.3%
Expected Move17.3%12.9%20.6%14.3%19.9%
HV 20d53.6%46.4%61.1%48.1%52.0%
HV 60d57.9%56.8%59.5%56.8%58.1%
IV Rank50.6%26.3%75.0%35.3%70.2%
IV Percentile80.5%56.3%96.4%72.6%94.0%
Term Structure0.7%-5.5%11.6%7.6%0.9%
VWIV60.8%45.8%72.1%48.9%70.5%
Skew 25d4.4%2.0%6.8%5.8%2.0%
Skew 10d8.4%4.0%19.1%12.7%5.3%
Call IV 25d58.8%43.7%70.8%47.9%70.8%
Put IV 25d63.2%49.4%73.7%53.7%72.9%
Bid-Ask Spread %13.659.4919.049.6012.59
Gamma HHI0.230.160.400.300.18
Net GEX12.6K-601.3K830.2K-221.9K-601.3K
Net DEX-86.2M-138.8M-26.5M-64.6M-26.5M
Net VEX-516.1K-563.1K-482.6K-511.6K-563.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.150.472.540.571.76
Total Volume552,821.5208,8101,018,010313,600630,980
Total OI9,161,2927,010,78010,151,4009,116,6608,461,180

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-03-03$0.44$0.3649.9%14.3%48.1%35.3%48.9%5.8%7.6%-221.9K-64.6M-511.6K0.579.60N/AN/A200,200113,4004,063,7105,052,950
2008-03-04$0.45$0.3645.0%12.9%48.1%26.3%45.8%5.6%10.4%-46.1K-75.2M-505.9K1.509.89N/AN/A293,720439,1804,124,4705,071,010
2008-03-05$0.46$0.3945.8%13.1%46.4%27.7%48.3%5.2%11.6%-197.0K-82.3M-520.6K0.9413.52N/AN/A316,540297,5704,259,0805,375,230
2008-03-06$0.44$0.3947.5%13.6%50.4%30.9%47.8%2.3%10.9%-262.7K-59.3M-520.5K1.889.72N/AN/A82,460154,7704,360,2305,308,240
2008-03-07$0.45$0.4345.0%16.4%49.9%26.4%58.8%3.9%-1.0%-194.6K-69.6M-516.6K1.7513.26N/AN/A149,310260,9604,383,8905,351,710
2008-03-10$0.47$0.4351.9%17.0%53.2%39.1%58.4%6.2%0.7%195.3K-105.6M-510.1K1.3513.98N/AN/A246,680333,6904,427,5705,390,280
2008-03-11$0.47$0.4348.6%16.8%53.3%32.9%58.7%3.1%-0.9%301.5K-103.7M-504.2K0.9715.73N/AN/A192,010185,5004,434,7805,325,670
2008-03-12$0.49$0.4347.6%16.8%53.5%31.1%60.7%5.4%-2.0%353.7K-116.5M-500.0K0.9810.92N/AN/A319,760313,1804,381,0205,420,030
2008-03-13$0.49$0.4358.9%16.9%53.6%51.8%59.6%6.8%-1.6%274.2K-113.2M-506.6K0.7315.20N/AN/A206,010151,1304,303,4605,495,560
2008-03-14$0.48$0.4358.3%16.7%54.2%50.8%57.5%3.8%2.1%-1.4K-94.3M-528.3K0.4819.04N/AN/A198,87094,7104,375,2805,585,090
2008-03-17$0.47$0.4360.8%17.4%54.3%55.3%60.6%3.1%-0.0%133.3K-92.4M-512.9K1.4716.18N/AN/A84,560124,2504,477,0605,624,710
2008-03-18$0.50$0.4358.1%16.7%57.0%50.4%59.4%6.5%1.5%751.1K-133.4M-484.9K1.1712.11N/AN/A309,120361,4104,461,7305,585,230
2008-03-19$0.50$0.4662.5%17.9%57.1%58.4%62.7%2.2%-2.3%830.2K-126.4M-504.0K0.4715.74N/AN/A621,600289,7304,454,6605,628,140
2008-03-20$0.52$0.4668.3%19.6%57.9%68.9%67.5%3.6%-5.5%466.4K-138.8M-502.1K0.9215.04N/AN/A500,010460,8804,370,4505,780,950
2008-03-24$0.55$0.4670.4%20.2%59.1%72.8%69.5%5.5%-5.0%-193.8K-83.8M-482.6K0.7611.92N/AN/A488,390371,8402,969,8204,040,960
2008-03-25$0.53$0.5068.5%19.6%61.1%68.5%68.8%3.5%-4.0%-276.1K-70.5M-506.1K0.969.49N/AN/A137,550131,8803,068,0304,192,160
2008-03-26$0.54$0.5069.1%19.8%60.6%69.7%69.1%5.7%-3.5%-246.6K-75.3M-518.3K0.6016.52N/AN/A637,350380,6603,111,2904,247,460
2008-03-27$0.52$0.5071.9%20.6%51.2%75.0%72.1%5.0%-4.7%-323.5K-52.5M-563.1K2.5415.41N/AN/A187,950477,1903,406,3404,561,060
2008-03-28$0.51$0.5069.0%19.8%50.7%69.5%70.4%3.2%-0.6%-488.4K-39.5M-560.9K1.1917.11N/AN/A141,960169,4703,468,7804,826,570
2008-03-31$0.49$0.5069.3%19.9%52.0%70.2%70.5%2.0%0.9%-601.3K-26.5M-563.1K1.7612.59N/AN/A228,340402,6403,548,0904,913,090