NFLX Options History — October 2008

In October 2008, NFLX traded between $0.26 and $0.43. ATM implied volatility averaged 74.5%, placing in the 66.5% IV rank vs the trailing year. The 30-day expected move averaged 21.3%. IV traded below realized volatility by 11.2% (HV 20d: 85.6%). Max pain ranged from $0.39 to $0.50. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 5.42.

Notable Days

  • 2008-10-16: Highest Volume — 739,410 contracts
  • 2008-10-06: Largest IV spike — 41.0% change
  • 2008-10-08: Highest IV Rank — 100.0%
  • 2008-10-09: Largest Expected Move — 25.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.33$0.26$0.43$0.43$0.35
Max Pain$0.43$0.39$0.50$0.50$0.43
ATM IV74.5%52.2%98.5%52.2%66.8%
Expected Move21.3%15.0%25.7%15.0%19.1%
HV 20d85.6%47.0%121.7%47.8%121.7%
HV 60d61.2%43.1%76.7%43.1%76.7%
IV Rank66.5%36.0%100.0%36.0%51.1%
IV Percentile88.7%65.9%100.0%65.9%75.4%
Term Structure-5.0%-11.5%8.8%5.8%-2.2%
VWIV72.2%45.8%84.8%46.1%67.3%
Skew 25d16.3%1.9%30.5%4.9%16.7%
Skew 10d29.6%4.3%65.1%4.7%33.3%
Call IV 25d67.7%51.9%79.8%51.9%60.5%
Put IV 25d84.0%56.8%107.1%56.8%77.2%
Bid-Ask Spread %33.9317.1360.2131.6718.69
Gamma HHI0.220.160.330.210.18
Net GEX-706.3K-1.2M-434.6K-759.2K-899.3K
Net DEX53.0M24.8M69.6M24.8M45.2M
Net VEX-188.5K-264.7K-112.0K-264.7K-200.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.420.4622.691.340.46
Total Volume234,807.39121,070739,41072,240165,900
Total OI5,243,696.9574,823,0705,982,3404,827,6205,498,220

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$0.43$0.5052.2%15.0%47.8%36.0%46.1%4.9%5.8%-759.2K24.8M-264.7K1.3431.67N/AN/A30,87041,3701,656,7603,170,860
2008-10-02$0.42$0.5059.9%17.2%47.0%50.9%45.8%1.9%1.8%-761.0K30.5M-256.3K4.3934.22N/AN/A16,31071,5401,658,2303,164,840
2008-10-03$0.41$0.5054.8%15.7%47.1%41.0%56.6%6.8%8.8%-734.3K31.5M-254.7K0.4829.80N/AN/A14,2806,7901,662,3603,192,490
2008-10-06$0.38$0.4677.2%22.0%56.0%84.7%78.6%17.1%-7.5%-578.0K41.7M-229.1K2.5131.44N/AN/A92,120231,4901,666,7003,193,330
2008-10-07$0.32$0.4384.1%24.4%80.2%98.0%84.2%12.7%-4.7%-448.1K55.4M-173.7K3.9050.21N/AN/A101,150394,7301,684,6903,287,690
2008-10-08$0.32$0.4386.8%24.8%80.9%100.0%84.8%15.3%-11.1%-546.2K55.3M-194.4K7.4038.31N/AN/A44,520329,4201,677,0603,448,620
2008-10-09$0.33$0.4398.5%25.7%81.1%100.0%78.5%21.6%-11.5%-681.3K56.1M-205.3K6.4941.41N/AN/A24,500158,9701,686,8603,630,760
2008-10-10$0.35$0.4379.5%23.7%83.9%70.8%81.5%30.5%-10.4%-811.8K57.0M-213.7K3.8360.21N/AN/A60,970233,4501,691,2003,660,860
2008-10-13$0.36$0.4372.0%21.1%84.9%59.1%74.7%17.9%-4.7%-952.5K51.6M-221.1K2.4838.08N/AN/A36,26089,8801,708,0703,714,900
2008-10-14$0.34$0.3970.9%21.4%86.4%57.4%74.7%15.5%-7.7%-892.5K57.7M-201.8K22.1940.19N/AN/A12,110268,7301,729,4203,699,780
2008-10-15$0.32$0.3987.1%24.8%88.2%82.5%79.9%15.3%-10.4%-886.2K65.7M-186.6K22.6942.40N/AN/A9,660219,1701,733,6903,854,130
2008-10-16$0.33$0.3985.9%24.6%84.8%80.6%59.9%15.8%-8.6%-476.0K60.6M-190.5K16.4643.84N/AN/A42,350697,0601,740,7603,869,320
2008-10-17$0.33$0.4383.3%23.9%83.4%76.5%80.7%14.0%-9.9%-1.2M69.6M-202.9K10.2246.02N/AN/A26,670272,6501,756,6504,225,690
2008-10-20$0.34$0.4370.9%20.3%84.4%57.4%79.9%28.1%-6.7%-748.2K50.1M-190.8K1.9150.87N/AN/A144,760277,2001,575,5603,309,390
2008-10-21$0.30$0.4368.7%19.7%94.1%54.0%65.3%20.2%-4.1%-609.8K58.2M-143.4K1.1723.83N/AN/A111,790130,3401,640,1003,425,100
2008-10-22$0.30$0.4373.1%20.9%93.6%60.8%75.5%18.5%-8.5%-614.7K58.4M-143.1K1.1427.33N/AN/A56,35064,1901,658,6503,474,100
2008-10-23$0.30$0.4371.4%20.5%91.6%58.2%76.1%16.7%-3.5%-610.9K58.0M-148.6K2.3920.84N/AN/A22,96054,9501,670,3403,483,690
2008-10-24$0.27$0.4372.1%20.7%94.5%59.2%80.2%11.6%-4.8%-476.1K59.0M-130.6K4.7818.74N/AN/A27,160129,8501,673,2803,500,350
2008-10-27$0.26$0.4385.1%24.4%94.9%79.4%78.7%13.5%-5.1%-434.6K60.1M-112.0K3.8527.47N/AN/A55,090212,1001,684,5503,547,390
2008-10-28$0.29$0.4374.6%21.4%111.6%63.2%74.1%22.5%-7.3%-626.8K60.0M-136.9K2.9822.94N/AN/A49,560147,9101,716,4703,624,740
2008-10-29$0.31$0.4370.0%20.1%114.8%56.0%72.8%17.8%-2.2%-712.4K57.1M-163.1K1.0824.81N/AN/A79,10085,2601,735,7903,716,160
2008-10-30$0.33$0.4368.3%19.6%116.8%53.4%64.3%20.6%-1.1%-783.4K55.1M-171.9K0.5917.13N/AN/A37,17021,9101,745,5203,759,910
2008-10-31$0.35$0.4366.8%19.1%121.7%51.1%67.3%16.7%-2.2%-899.3K45.2M-200.3K0.4618.69N/AN/A113,82052,0801,761,2003,737,020