NFLX Options History — July 2008

In July 2008, NFLX traded between $0.38 and $0.44. ATM implied volatility averaged 61.9%, placing in the 55.5% IV rank vs the trailing year. The 30-day expected move averaged 18.4%. IV traded above realized volatility by 12.5% (HV 20d: 49.4%). Max pain ranged from $0.39 to $0.46. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 1.28.

Notable Days

  • 2008-07-01: Highest Volume — 1,111,040 contracts
  • 2008-07-25: Largest IV drop — 40.9% change
  • 2008-07-24: Highest IV Rank — 88.7%
  • 2008-07-24: Largest Expected Move — 22.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.40$0.38$0.44$0.39$0.44
Max Pain$0.42$0.39$0.46$0.46$0.39
ATM IV61.9%43.0%79.2%54.6%46.0%
Expected Move18.4%12.3%22.7%15.7%13.2%
HV 20d49.4%38.9%55.2%55.2%45.5%
HV 60d57.7%40.9%73.2%73.1%46.1%
IV Rank55.5%19.3%88.7%41.5%24.9%
IV Percentile72.6%20.2%96.8%72.2%40.1%
Term Structure-4.7%-16.9%17.2%14.7%1.6%
VWIV64.5%43.3%82.7%45.9%46.9%
Skew 25d3.2%-2.2%7.8%1.6%-2.2%
Skew 10d7.3%-11.6%16.8%3.4%-2.9%
Call IV 25d64.5%45.6%80.2%55.1%49.1%
Put IV 25d67.7%45.0%88.0%56.8%46.9%
Bid-Ask Spread %16.5511.4522.3612.9511.69
Gamma HHI0.200.160.260.160.24
Net GEX-177.1K-798.7K739.2K-352.7K705.0K
Net DEX32.7M-4.9M49.6M43.8M-2.5M
Net VEX-349.8K-386.4K-240.3K-327.7K-380.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.280.173.630.171.55
Total Volume362,848.18232,4801,111,0401,111,040453,530
Total OI7,315,171.8185,556,4608,249,4306,630,4707,974,470

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-07-01$0.39$0.4654.6%15.7%55.2%41.5%45.9%1.6%14.7%-352.7K43.8M-327.7K0.1712.95N/AN/A946,190164,8503,096,2403,534,230
2008-07-02$0.39$0.4650.5%14.5%54.8%33.6%51.0%3.2%17.0%-297.1K42.1M-340.9K2.4015.47N/AN/A24,78059,5703,185,4203,601,150
2008-07-03$0.39$0.4650.0%14.3%53.5%32.7%50.3%3.6%17.2%-344.4K41.8M-341.2K0.6913.49N/AN/A33,88023,3103,233,8603,629,850
2008-07-07$0.40$0.4354.7%20.3%54.4%41.6%70.7%6.4%-8.7%-311.5K35.2M-348.5K1.2218.92N/AN/A34,37041,8603,192,7003,624,250
2008-07-08$0.41$0.4354.2%20.4%54.2%40.6%71.1%6.8%-8.7%-291.3K33.3M-349.0K0.5819.71N/AN/A20,58011,9003,236,5203,613,470
2008-07-09$0.41$0.4353.0%20.5%54.2%38.5%69.0%4.3%-10.1%-210.6K29.0M-357.0K0.2419.49N/AN/A72,80017,7803,235,1203,614,870
2008-07-10$0.40$0.4369.5%19.9%54.7%70.0%68.1%7.2%-11.4%-314.8K38.1M-333.6K2.6418.58N/AN/A245,490648,4803,284,6103,622,780
2008-07-11$0.39$0.4370.1%20.1%54.0%71.1%71.4%6.6%-11.2%-567.4K49.6M-351.1K3.6316.91N/AN/A40,320146,1603,357,4804,094,230
2008-07-14$0.40$0.4377.0%22.1%52.5%84.5%77.7%2.9%-12.4%-607.2K45.9M-240.3K0.2319.36N/AN/A847,980193,6202,547,7903,008,670
2008-07-15$0.40$0.4378.4%22.5%52.5%87.1%80.1%0.3%-13.9%-164.0K36.6M-380.4K0.3416.28N/AN/A326,130111,8603,908,5904,097,450
2008-07-16$0.40$0.3976.2%21.8%52.8%82.8%75.9%0.8%-13.6%-71.8K32.2M-386.4K1.5217.73N/AN/A110,740168,7704,011,2104,158,210
2008-07-17$0.40$0.3974.9%21.5%51.6%80.3%75.0%3.7%-12.4%-161.7K40.1M-375.5K1.7919.15N/AN/A45,43081,4104,041,6604,207,770
2008-07-18$0.39$0.3973.2%21.0%45.7%77.1%76.0%2.7%-10.8%-271.6K45.0M-350.7K0.6417.23N/AN/A151,83097,8604,068,8904,158,840
2008-07-21$0.39$0.4375.4%21.6%45.8%81.4%75.7%4.0%-13.9%-196.5K34.4M-354.2K1.5815.28N/AN/A32,06050,5403,208,3103,804,360
2008-07-22$0.39$0.4373.0%20.9%41.5%76.8%73.4%3.3%-12.6%-234.6K36.3M-349.7K1.0211.45N/AN/A103,530105,5603,227,2803,850,840
2008-07-23$0.40$0.3974.4%21.3%42.5%79.4%74.2%5.1%-14.2%-160.1K30.9M-364.5K0.7211.70N/AN/A154,140111,3003,264,4503,906,840
2008-07-24$0.38$0.3979.2%22.7%44.4%88.7%82.7%7.8%-16.9%-282.1K40.3M-349.9K2.5612.05N/AN/A224,980575,6803,315,8303,962,350
2008-07-25$0.40$0.3946.8%13.4%46.4%26.6%48.5%4.6%3.0%-798.7K40.9M-327.1K1.0321.19N/AN/A243,040250,1103,406,1304,228,560
2008-07-28$0.41$0.3944.6%12.8%38.9%22.3%46.2%0.1%4.7%-425.7K31.2M-334.1K2.4922.36N/AN/A134,680335,9303,426,7804,199,650
2008-07-29$0.44$0.3943.5%12.5%46.0%20.2%43.3%-0.6%4.3%723.6K-4.9M-376.7K0.6414.95N/AN/A265,650170,8703,500,2104,322,290
2008-07-30$0.44$0.3943.0%12.3%45.4%19.3%44.8%-1.5%5.2%739.2K-575.0K-376.4K0.4418.23N/AN/A71,68031,4303,567,6904,401,880
2008-07-31$0.44$0.3946.0%13.2%45.5%24.9%46.9%-2.2%1.6%705.0K-2.5M-380.5K1.5511.69N/AN/A177,730275,8003,561,7404,412,730