NFLX Options History — June 2008

In June 2008, NFLX traded between $0.37 and $0.47. ATM implied volatility averaged 49.0%, placing in the 30.7% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 7.2% (HV 20d: 41.8%). Max pain ranged from $0.43 to $0.46. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 1.28.

Notable Days

  • 2008-06-19: Highest Volume — 788,830 contracts
  • 2008-06-12: Largest IV spike — 11.4% change
  • 2008-06-30: Highest IV Rank — 44.7%
  • 2008-06-30: Largest Expected Move — 16.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.44$0.37$0.47$0.44$0.37
Max Pain$0.46$0.43$0.46$0.46$0.46
ATM IV49.0%42.9%56.3%44.1%56.3%
Expected Move14.3%12.3%16.1%12.6%16.1%
HV 20d41.8%32.7%54.8%32.7%54.5%
HV 60d71.7%70.3%72.6%72.5%72.5%
IV Rank30.7%19.0%44.7%21.3%44.7%
IV Percentile53.9%23.4%73.8%32.1%73.8%
Term Structure6.6%1.9%15.3%2.6%15.3%
VWIV49.7%42.2%56.7%43.4%56.7%
Skew 25d1.7%-5.4%5.2%2.0%-0.5%
Skew 10d5.0%-5.9%20.4%6.7%-4.2%
Call IV 25d49.4%41.4%57.2%42.9%56.9%
Put IV 25d51.1%43.6%56.5%44.9%56.5%
Bid-Ask Spread %16.3610.9023.2811.1314.97
Gamma HHI0.220.140.420.200.17
Net GEX267.7K-847.6K1.1M149.1K-354.5K
Net DEX9.5M-31.3M47.3M12.2M47.3M
Net VEX-418.0K-492.5K-305.3K-464.3K-305.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.280.185.160.201.25
Total Volume253,686.66763,350788,830127,680114,590
Total OI8,789,516.6675,840,31010,193,5409,411,7806,645,030

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-06-02$0.44$0.4644.1%12.6%32.7%21.3%43.4%2.0%2.6%149.1K12.2M-464.3K0.2011.13N/AN/A106,19021,4904,616,8504,794,930
2008-06-03$0.46$0.4643.3%12.4%34.6%19.7%43.5%1.5%3.0%553.9K-8.8M-478.9K0.7213.98N/AN/A69,86050,6104,646,6004,797,870
2008-06-04$0.46$0.4343.6%12.5%34.9%20.4%43.5%2.6%2.5%749.7K-17.0M-482.9K1.0915.87N/AN/A66,15071,8204,656,7504,801,790
2008-06-05$0.47$0.4642.9%12.3%34.1%19.0%42.2%2.2%4.0%1.1M-31.3M-486.4K0.1810.94N/AN/A632,870113,7504,666,0604,828,250
2008-06-06$0.45$0.4643.8%14.1%37.9%20.8%48.0%3.7%4.1%884.7K-11.8M-492.5K0.2518.62N/AN/A168,35041,5105,068,7704,878,090
2008-06-09$0.44$0.4647.0%14.5%38.3%26.8%48.4%3.6%4.4%387.4K4.8M-453.8K1.3419.05N/AN/A132,300176,9605,068,9804,891,390
2008-06-10$0.44$0.4644.9%14.5%38.8%22.8%49.5%3.0%4.8%171.3K14.7M-435.9K4.1319.01N/AN/A44,100182,2805,010,8804,838,960
2008-06-11$0.43$0.4645.7%14.6%39.1%24.3%49.5%4.3%4.9%-4.9K20.2M-430.1K1.1316.76N/AN/A71,54080,5004,973,3604,914,070
2008-06-12$0.44$0.4650.9%14.6%40.0%34.4%47.7%5.2%5.2%148.6K11.8M-432.4K0.8519.29N/AN/A60,97051,6604,945,4304,916,590
2008-06-13$0.46$0.4648.5%13.9%41.6%29.8%48.7%5.1%6.1%972.1K-13.5M-446.5K0.6019.74N/AN/A118,09071,2604,952,6404,932,340
2008-06-16$0.46$0.4649.3%14.1%36.9%31.2%49.9%5.1%5.1%681.3K-5.0M-426.7K0.4019.30N/AN/A64,89025,6904,956,2104,954,180
2008-06-17$0.45$0.4648.5%13.9%36.7%29.7%49.5%2.2%6.0%64.9K8.3M-409.3K0.5514.78N/AN/A40,88022,4704,899,5804,962,370
2008-06-18$0.43$0.4651.1%14.7%38.1%34.8%50.8%2.9%4.1%-847.6K29.2M-384.6K2.9617.66N/AN/A72,940215,6004,891,7404,960,480
2008-06-19$0.46$0.4652.1%14.9%44.4%36.6%52.6%2.5%3.2%757.4K-6.2M-412.5K0.2617.31N/AN/A623,630165,2004,902,5204,988,410
2008-06-20$0.45$0.4653.8%15.4%45.1%39.9%53.7%1.5%1.9%466.4K7.3M-408.0K2.0013.76N/AN/A87,150174,3705,176,7805,016,760
2008-06-23$0.42$0.4652.5%15.1%49.4%37.5%53.2%-5.4%13.1%149.3K18.1M-376.9K1.0411.71N/AN/A225,050233,8002,792,2303,048,080
2008-06-24$0.41$0.4652.8%15.2%48.6%38.1%54.3%-2.1%11.2%7.1K24.4M-372.9K1.5323.28N/AN/A106,190161,9802,964,0103,231,620
2008-06-25$0.42$0.4651.6%14.8%48.5%35.8%53.8%-1.5%10.6%10.9K22.9M-388.5K0.5518.62N/AN/A49,35027,3002,995,9303,345,580
2008-06-26$0.41$0.4653.1%15.2%48.7%38.6%51.8%-0.7%12.1%-115.2K28.9M-368.8K5.1616.86N/AN/A37,380193,0602,981,4403,342,430
2008-06-27$0.38$0.4653.3%15.3%54.8%38.9%53.5%-1.6%13.7%-285.8K42.5M-320.7K0.7310.90N/AN/A204,960148,6802,981,4403,342,430
2008-06-30$0.37$0.4656.3%16.1%54.5%44.7%56.7%-0.5%15.3%-354.5K47.3M-305.3K1.2514.97N/AN/A51,03063,5603,107,0903,537,940