NFLX Options History — November 2008

In November 2008, NFLX traded between $0.27 and $0.35. ATM implied volatility averaged 79.0%, placing in the 64.9% IV rank vs the trailing year. The 30-day expected move averaged 22.6%. IV traded below realized volatility by 32.3% (HV 20d: 111.4%). Max pain ranged from $0.43 to $0.46. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 2.67.

Notable Days

  • 2008-11-21: Highest Volume — 566,510 contracts
  • 2008-11-20: Largest IV spike — 22.2% change
  • 2008-11-20: Highest IV Rank — 100.0%
  • 2008-11-20: Largest Expected Move — 33.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.31$0.27$0.35$0.33$0.33
Max Pain$0.43$0.43$0.46$0.43$0.43
ATM IV79.0%61.3%115.1%71.9%72.7%
Expected Move22.6%17.6%33.0%20.6%20.9%
HV 20d111.4%101.4%122.4%119.4%109.5%
HV 60d85.5%77.1%95.3%77.3%95.1%
IV Rank64.9%42.6%100.0%59.0%48.0%
IV Percentile89.2%73.4%100.0%86.9%84.1%
Term Structure0.8%-6.7%10.8%-3.2%7.5%
VWIV78.0%62.0%109.4%71.3%80.0%
Skew 25d21.2%13.3%31.0%13.3%26.9%
Skew 10d32.7%18.0%57.1%35.7%44.6%
Call IV 25d69.8%58.7%93.5%65.7%61.7%
Put IV 25d91.0%76.4%116.2%79.0%88.6%
Bid-Ask Spread %19.8115.9326.5721.7823.67
Gamma HHI0.250.170.670.180.25
Net GEX-841.7K-1.9M-558.2K-814.4K-702.4K
Net DEX55.0M40.9M68.3M50.5M41.2M
Net VEX-151.4K-181.0K-129.4K-178.7K-147.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.670.2611.650.690.67
Total Volume141,322.63211,900566,51087,08017,500
Total OI5,593,361.0534,869,9006,104,6305,548,6905,024,810

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-11-03$0.33$0.4371.9%20.6%119.4%59.0%71.3%13.3%-3.2%-814.4K50.5M-178.7K0.6921.78N/AN/A51,45035,6301,803,6203,745,070
2008-11-04$0.34$0.4361.3%17.6%102.5%42.6%62.0%17.8%-0.9%-858.7K49.4M-181.0K0.5719.55N/AN/A17,2209,8001,804,8103,760,190
2008-11-05$0.33$0.4369.4%19.9%103.7%55.1%65.5%14.5%0.7%-796.7K52.6M-175.7K1.2224.93N/AN/A10,71013,0901,806,5603,755,360
2008-11-06$0.31$0.4377.9%22.3%106.4%68.3%77.4%17.3%-3.6%-701.9K57.2M-156.7K11.6526.57N/AN/A10,850126,3501,808,7303,761,450
2008-11-07$0.31$0.4670.6%20.0%104.4%57.0%66.0%22.0%0.7%-880.3K60.9M-159.8K0.2619.85N/AN/A9,4502,4501,811,8103,983,980
2008-11-10$0.31$0.4672.8%20.6%102.7%60.3%71.2%17.2%0.5%-829.1K60.5M-151.2K0.2720.90N/AN/A14,2803,8501,786,9603,935,190
2008-11-11$0.31$0.4674.1%21.1%101.7%62.4%65.5%19.4%-0.3%-864.8K58.3M-156.7K0.3117.23N/AN/A64,96020,1601,789,6203,933,930
2008-11-12$0.30$0.4385.6%23.3%101.4%80.1%77.5%15.7%0.9%-770.3K61.7M-140.7K4.9120.23N/AN/A6,93034,0201,826,5103,932,460
2008-11-13$0.35$0.4370.9%20.3%116.7%57.4%68.2%30.2%0.7%-947.8K48.2M-168.5K0.4716.09N/AN/A82,39038,7101,825,3203,948,350
2008-11-14$0.31$0.4379.7%22.9%122.2%71.1%83.9%20.5%-2.4%-823.3K56.4M-157.3K0.8719.02N/AN/A21,84018,9001,868,1603,960,460
2008-11-17$0.30$0.4387.8%25.2%122.4%83.4%83.8%16.0%-2.2%-819.2K60.6M-139.7K0.4920.18N/AN/A10,7805,2501,862,3503,962,000
2008-11-18$0.31$0.4378.2%22.4%112.9%68.7%92.9%25.9%1.2%-859.2K61.7M-137.2K2.9519.53N/AN/A30,66090,3001,869,2803,958,290
2008-11-19$0.29$0.4394.2%27.0%114.0%93.4%83.2%13.5%-1.1%-838.1K62.2M-135.8K6.2116.81N/AN/A70,840440,2301,880,3404,008,410
2008-11-20$0.27$0.43115.1%33.0%118.6%100.0%92.5%21.2%-6.7%-700.5K66.6M-129.4K8.9221.65N/AN/A39,270350,2101,933,4004,082,540
2008-11-21$0.29$0.4399.9%28.6%116.5%81.3%109.4%30.1%-1.5%-1.9M68.3M-132.1K4.2316.50N/AN/A108,290458,2201,958,7404,145,890
2008-11-24$0.32$0.4379.0%22.6%119.8%55.6%93.5%31.0%5.7%-606.0K42.9M-143.7K3.2216.69N/AN/A50,750163,5201,701,4903,168,410
2008-11-25$0.31$0.4370.2%20.1%110.7%44.8%73.7%26.5%10.8%-558.2K44.7M-137.3K2.0719.28N/AN/A34,30070,8401,737,2603,233,160
2008-11-26$0.33$0.4370.5%20.2%110.6%45.2%64.3%23.3%8.6%-694.4K40.9M-147.7K0.8515.93N/AN/A81,90069,2301,753,7103,145,240
2008-11-28$0.33$0.4372.7%20.9%109.5%48.0%80.0%26.9%7.5%-702.4K41.2M-147.9K0.6723.67N/AN/A10,5007,0001,817,6903,207,120