NFLX Options History — April 2008

In April 2008, NFLX traded between $0.43 and $0.58. ATM implied volatility averaged 61.8%, placing in the 55.9% IV rank vs the trailing year. The 30-day expected move averaged 18.1%. IV traded below realized volatility by 8.4% (HV 20d: 70.3%). Max pain ranged from $0.50 to $0.61. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 1.48.

Notable Days

  • 2008-04-22: Highest Volume — 2,676,380 contracts
  • 2008-04-22: Largest IV drop — 35.5% change
  • 2008-04-21: Highest IV Rank — 94.5%
  • 2008-04-21: Largest Expected Move — 23.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.51$0.43$0.58$0.52$0.46
Max Pain$0.57$0.50$0.61$0.50$0.54
ATM IV61.8%44.7%82.2%68.2%46.9%
Expected Move18.1%12.8%23.6%19.5%13.4%
HV 20d70.3%48.5%112.6%53.7%111.0%
HV 60d61.6%51.5%77.5%58.8%76.0%
IV Rank55.9%23.7%94.5%67.9%26.7%
IV Percentile78.4%42.9%98.8%91.3%48.8%
Term Structure-3.5%-15.9%0.7%-1.8%-1.5%
VWIV63.9%45.8%81.0%69.8%46.5%
Skew 25d5.2%-0.7%11.2%5.4%-0.7%
Skew 10d11.4%3.1%20.6%18.3%3.1%
Call IV 25d61.4%45.2%77.1%67.6%46.7%
Put IV 25d66.6%45.9%81.9%73.0%45.9%
Bid-Ask Spread %13.047.9122.0415.938.07
Gamma HHI0.190.150.230.150.21
Net GEX-554.9K-1.1M806.8K-534.6K-1.1M
Net DEX-31.2M-138.1M49.7M-51.1M40.3M
Net VEX-539.4K-581.5K-432.7K-566.5K-494.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.480.455.791.781.45
Total Volume624,218.636133,3502,676,380483,350145,740
Total OI9,544,6408,261,12010,622,0808,685,74010,027,780

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-04-01$0.52$0.5068.2%19.5%53.7%67.9%69.8%5.4%-1.8%-534.6K-51.1M-566.5K1.7815.93N/AN/A173,600309,7503,619,0705,066,670
2008-04-02$0.52$0.5069.2%19.8%53.7%69.9%69.2%4.7%-0.3%-647.5K-45.0M-581.5K1.1319.79N/AN/A75,88085,6103,675,6305,280,030
2008-04-03$0.53$0.5069.8%20.0%54.0%71.0%71.0%6.4%0.4%-568.2K-58.6M-577.3K1.3222.04N/AN/A234,360308,7703,713,7105,306,560
2008-04-04$0.52$0.6172.4%20.9%52.1%75.9%72.1%11.2%-5.6%-586.5K-44.9M-559.2K1.8910.53N/AN/A86,870164,0103,815,5605,366,620
2008-04-07$0.51$0.6171.1%20.2%52.2%73.6%71.7%8.9%-4.7%-577.5K-40.4M-568.9K2.169.75N/AN/A130,900283,2903,833,2705,323,150
2008-04-08$0.53$0.6153.8%20.2%48.9%40.8%73.0%11.1%-5.5%-570.6K-55.9M-562.3K1.659.31N/AN/A231,420381,0103,892,9805,500,670
2008-04-09$0.52$0.6153.7%19.8%49.3%40.6%72.8%7.4%-5.1%-538.7K-47.3M-570.8K5.7911.05N/AN/A64,120371,0003,909,2905,558,700
2008-04-10$0.52$0.6168.0%19.5%48.5%67.7%70.8%8.4%-4.8%-696.3K-48.4M-564.2K2.0110.20N/AN/A64,610129,6403,895,2205,758,130
2008-04-11$0.51$0.6168.6%19.7%49.8%68.8%68.7%7.5%-3.0%-765.0K-31.3M-552.3K1.1612.05N/AN/A86,31099,8203,919,3705,763,030
2008-04-14$0.51$0.6169.8%20.0%48.6%71.1%71.0%3.4%-2.8%-840.2K-35.6M-552.9K0.5811.63N/AN/A279,650162,9603,920,4205,766,740
2008-04-15$0.52$0.6168.9%19.8%48.7%69.4%69.1%4.3%-4.5%-714.8K-53.2M-527.9K2.7712.71N/AN/A35,35098,0003,997,0705,753,090
2008-04-16$0.56$0.6168.1%19.5%49.7%67.8%68.0%4.8%-6.5%-215.1K-99.0M-510.3K0.4518.06N/AN/A1,038,380470,1203,972,2205,740,350
2008-04-17$0.58$0.5768.6%19.7%51.4%68.7%68.9%5.7%-5.7%806.8K-138.1M-556.4K0.7515.15N/AN/A317,590239,6804,678,8005,819,660
2008-04-18$0.55$0.5772.2%20.7%54.4%75.7%71.9%4.9%-6.2%164.0K-87.8M-568.3K1.4013.22N/AN/A290,850407,6804,684,4705,937,610
2008-04-21$0.56$0.5782.2%23.6%51.7%94.5%81.0%4.8%-15.9%134.2K-76.5M-578.3K1.3611.90N/AN/A766,2201,045,7303,880,3804,380,740
2008-04-22$0.43$0.5753.1%15.2%109.5%39.5%53.1%1.7%-2.1%-502.7K39.1M-432.7K1.0015.43N/AN/A1,341,2001,335,1803,880,3804,380,740
2008-04-23$0.45$0.5748.4%13.9%110.5%30.6%49.4%3.4%-0.7%-760.8K49.7M-485.8K0.9710.19N/AN/A356,580345,2404,517,3805,316,640
2008-04-24$0.47$0.5746.9%13.5%112.2%27.8%47.6%2.4%0.7%-842.6K25.4M-514.2K0.7414.94N/AN/A523,180388,8504,564,4905,372,430
2008-04-25$0.49$0.5444.7%12.8%112.6%23.7%45.8%3.6%0.1%-842.3K10.1M-525.0K0.9114.72N/AN/A240,240219,6604,766,7905,455,100
2008-04-28$0.47$0.5749.0%14.1%112.6%31.8%48.9%3.5%-1.2%-998.0K24.8M-519.9K0.697.91N/AN/A151,060104,9304,439,1905,534,340
2008-04-29$0.46$0.5747.0%13.5%111.0%27.0%46.8%1.5%-0.8%-1.1M38.5M-499.0K0.5312.27N/AN/A96,88050,8904,438,1405,559,470
2008-04-30$0.46$0.5446.9%13.4%111.0%26.7%46.5%-0.7%-1.5%-1.1M40.3M-494.0K1.458.07N/AN/A59,57086,1704,458,3005,569,480