NFLX Options History — August 2008

In August 2008, NFLX traded between $0.42 and $0.46. ATM implied volatility averaged 44.4%, placing in the 21.6% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded below realized volatility by 3.2% (HV 20d: 47.5%). Max pain ranged from $0.43 to $0.50. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 2.23.

Notable Days

  • 2008-08-14: Highest Volume — 928,970 contracts
  • 2008-08-11: Largest IV spike — 16.3% change
  • 2008-08-04: Highest IV Rank — 32.7%
  • 2008-08-04: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.44$0.42$0.46$0.42$0.44
Max Pain$0.50$0.43$0.50$0.43$0.50
ATM IV44.4%39.4%50.0%43.7%39.4%
Expected Move12.8%11.3%14.0%12.5%11.3%
HV 20d47.5%32.5%52.5%50.5%32.5%
HV 60d47.3%46.7%47.9%47.2%46.7%
IV Rank21.6%11.1%32.7%20.6%11.1%
IV Percentile28.2%1.6%56.7%24.2%1.6%
Term Structure5.4%0.8%7.7%6.7%6.7%
VWIV44.9%39.6%49.6%46.8%39.6%
Skew 25d1.2%-1.8%4.5%-0.8%-1.8%
Skew 10d2.8%-4.8%11.1%1.5%-4.8%
Call IV 25d44.6%39.9%48.4%47.2%42.0%
Put IV 25d45.8%40.1%50.7%46.5%40.1%
Bid-Ask Spread %14.1510.7822.6722.6713.15
Gamma HHI0.260.180.620.230.21
Net GEX226.9K-714.9K2.6M-80.6K-605.9K
Net DEX16.0M-23.3M34.2M22.8M24.8M
Net VEX-330.3K-374.1K-295.7K-366.8K-295.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.230.059.411.558.75
Total Volume214,236.66732,830928,970249,55083,300
Total OI7,269,936.6675,918,0108,626,1708,173,4806,216,490

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-08-01$0.42$0.4343.7%12.5%50.5%20.6%46.8%-0.8%6.7%-80.6K22.8M-366.8K1.5522.67N/AN/A97,930151,6203,647,5604,525,920
2008-08-04$0.43$0.5050.0%14.0%49.6%32.7%49.2%2.3%6.6%225.5K14.8M-374.1K0.0513.73N/AN/A787,15042,2803,668,2804,574,080
2008-08-05$0.43$0.5048.7%13.8%49.6%30.2%47.0%2.5%6.1%329.5K13.0M-362.5K2.0815.17N/AN/A38,71080,5703,656,1004,569,740
2008-08-06$0.43$0.5049.1%13.6%49.5%30.9%47.8%2.4%7.2%310.7K13.5M-356.5K3.0615.81N/AN/A47,880146,3003,649,4504,617,340
2008-08-07$0.44$0.5043.2%13.2%48.4%19.7%45.4%1.8%7.7%655.8K8.2M-360.9K9.4117.47N/AN/A26,110245,6303,636,3604,712,260
2008-08-08$0.44$0.5040.6%13.1%47.6%14.7%46.4%0.4%6.8%1.6M-3.1M-357.1K0.2216.44N/AN/A189,07041,6503,645,6704,658,220
2008-08-11$0.46$0.5047.3%12.9%48.5%27.4%45.1%1.1%7.3%2.2M-23.3M-344.4K0.4311.20N/AN/A163,73070,7003,607,8704,662,280
2008-08-12$0.44$0.5046.8%13.3%51.7%26.5%46.4%-0.3%7.4%1.6M4.6M-340.3K0.4014.28N/AN/A109,34043,5403,559,1504,688,740
2008-08-13$0.45$0.5041.1%13.2%51.6%15.7%44.3%1.2%7.2%1.9M990.4K-328.8K1.8812.89N/AN/A34,79065,2403,547,8804,697,420
2008-08-14$0.45$0.5046.6%13.3%51.5%26.1%49.6%4.5%4.6%2.6M-9.3M-336.9K2.9610.78N/AN/A234,500694,4703,557,2604,743,900
2008-08-15$0.45$0.5044.7%12.8%51.1%22.4%45.8%3.3%6.9%-80.7K7.0M-346.2K0.4614.00N/AN/A207,06094,7103,502,8005,123,370
2008-08-18$0.44$0.5045.5%13.0%52.1%24.0%45.2%1.5%0.8%-590.5K25.2M-315.5K1.7811.86N/AN/A87,640155,6102,272,7603,645,250
2008-08-19$0.43$0.5045.0%12.9%52.5%23.0%45.2%1.0%1.8%-689.8K31.9M-314.8K1.2411.26N/AN/A45,99056,9802,305,2403,764,670
2008-08-20$0.44$0.5044.9%12.9%51.9%22.9%44.5%1.6%2.7%-714.9K27.9M-309.9K1.2112.64N/AN/A26,46031,9202,321,2703,796,310
2008-08-21$0.43$0.5044.1%12.6%49.2%21.3%44.6%-0.6%3.9%-697.7K31.7M-314.9K7.1813.21N/AN/A12,53090,0202,333,3103,801,980
2008-08-22$0.44$0.5042.4%12.2%47.8%18.2%42.3%1.2%5.0%-698.6K27.3M-310.9K0.2813.60N/AN/A60,76016,8702,336,7403,813,180
2008-08-25$0.43$0.5043.0%12.3%48.0%19.2%43.6%0.9%4.3%-650.4K34.2M-302.4K0.4411.89N/AN/A29,68012,9502,379,1603,807,580
2008-08-26$0.43$0.5042.5%12.2%38.1%17.1%42.4%-0.6%3.2%-586.9K31.9M-299.1K1.3515.97N/AN/A43,54058,7302,390,2203,815,070
2008-08-27$0.44$0.5041.7%12.0%38.2%15.6%41.5%1.5%5.1%-670.6K28.1M-300.2K1.5116.08N/AN/A16,03024,1502,379,3703,827,670
2008-08-28$0.44$0.5041.0%11.8%38.4%14.3%39.8%1.4%5.2%-600.4K23.1M-299.3K0.6212.98N/AN/A20,23012,6002,382,9403,827,810
2008-08-29$0.44$0.5039.4%11.3%32.5%11.1%39.6%-1.8%6.7%-605.9K24.8M-295.7K8.7513.15N/AN/A8,54074,7602,384,9703,831,520