NFLX Options History — December 2008

In December 2008, NFLX traded between $0.31 and $0.43. ATM implied volatility averaged 74.5%, placing in the 50.2% IV rank vs the trailing year. The 30-day expected move averaged 21.5%. IV traded below realized volatility by 9.5% (HV 20d: 84.0%). Max pain ranged from $0.39 to $0.43. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 1.64.

Notable Days

  • 2008-12-10: Highest Volume — 508,550 contracts
  • 2008-12-11: Largest IV spike — 19.2% change
  • 2008-12-11: Highest IV Rank — 70.5%
  • 2008-12-11: Largest Expected Move — 26.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.39$0.31$0.43$0.31$0.43
Max Pain$0.42$0.39$0.43$0.43$0.43
ATM IV74.5%60.9%91.1%81.7%60.9%
Expected Move21.5%17.5%26.1%23.4%17.5%
HV 20d84.0%53.5%110.0%105.8%53.5%
HV 60d97.5%95.4%99.2%95.4%96.3%
IV Rank50.2%33.5%70.5%59.0%33.5%
IV Percentile79.3%57.9%98.4%92.9%57.9%
Term Structure6.4%-2.1%11.9%0.8%11.4%
VWIV74.3%60.4%89.9%68.3%60.4%
Skew 25d20.1%9.8%30.0%20.2%9.8%
Skew 10d40.4%18.8%56.4%38.3%18.8%
Call IV 25d65.5%53.7%80.1%72.8%57.6%
Put IV 25d85.6%67.4%99.7%93.0%67.4%
Bid-Ask Spread %17.888.4530.6521.128.45
Gamma HHI0.270.130.820.230.17
Net GEX-615.7K-3.4M357.0K-623.1K357.0K
Net DEX10.4M-16.7M42.5M42.5M-16.7M
Net VEX-156.8K-190.4K-141.2K-143.9K-152.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.640.086.633.210.32
Total Volume157,048.18211,200508,55011,200234,080
Total OI4,951,351.3643,518,4806,055,8405,021,4503,927,140

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-12-01$0.31$0.4381.7%23.4%105.8%59.0%68.3%20.2%0.8%-623.1K42.5M-143.9K3.2121.12N/AN/A2,6608,5401,822,2403,199,210
2008-12-02$0.33$0.4378.3%22.4%105.8%54.8%74.2%27.6%5.6%-733.4K39.9M-145.0K0.7020.40N/AN/A30,73021,5601,823,7803,197,880
2008-12-03$0.34$0.4363.9%18.3%105.7%37.1%70.8%30.0%9.8%-793.5K37.4M-150.9K1.9919.64N/AN/A8,12016,1701,847,5803,214,890
2008-12-04$0.33$0.4375.6%21.7%105.0%51.5%79.1%21.5%5.2%-739.0K39.0M-148.2K0.7822.90N/AN/A37,03028,9101,848,8403,216,640
2008-12-05$0.36$0.3974.3%21.6%106.0%49.8%89.1%26.7%11.4%-869.4K29.3M-156.1K4.1717.04N/AN/A27,090113,0501,862,7703,225,250
2008-12-08$0.36$0.3978.8%22.7%105.9%55.4%88.1%23.3%8.1%-869.5K26.1M-156.4K6.6318.52N/AN/A20,790137,9001,877,8903,294,480
2008-12-09$0.40$0.3975.9%22.1%110.0%51.9%70.8%30.0%5.4%-860.9K7.4M-162.4K0.7430.65N/AN/A259,420191,9401,888,1103,384,080
2008-12-10$0.41$0.3976.4%23.0%110.0%52.5%75.9%22.5%4.7%-632.0K1.9M-169.2K1.1525.28N/AN/A236,880271,6702,058,9803,407,180
2008-12-11$0.40$0.4391.1%26.1%106.9%70.5%89.9%18.6%-2.1%-744.2K4.7M-186.4K2.1417.63N/AN/A105,420225,8202,177,2803,582,320
2008-12-12$0.41$0.4390.1%25.8%91.6%69.3%87.9%20.2%-1.1%-802.9K4.7M-190.4K1.8417.30N/AN/A10,71019,7402,237,9703,739,960
2008-12-15$0.41$0.4388.3%25.3%82.3%67.1%85.8%17.1%2.1%-763.2K3.9M-175.9K1.5414.55N/AN/A51,17078,7502,224,3203,729,880
2008-12-16$0.41$0.4384.6%24.3%80.3%62.6%81.1%18.1%1.1%-728.5K1.9M-171.4K1.8325.83N/AN/A45,64083,4402,222,5703,702,160
2008-12-17$0.41$0.4377.3%22.1%80.4%53.5%79.9%20.3%3.6%-752.5K665.7K-165.3K0.7012.10N/AN/A32,62022,7502,237,8303,711,190
2008-12-18$0.40$0.4381.1%23.3%78.6%58.3%76.5%17.6%3.0%-969.1K4.8M-155.4K0.3012.31N/AN/A126,07037,2402,256,1003,703,140
2008-12-19$0.40$0.4369.3%19.9%68.7%43.7%67.8%18.6%8.4%-3.4M6.0M-153.8K0.9914.79N/AN/A108,220106,7502,348,6403,707,200
2008-12-22$0.40$0.4366.4%19.0%66.6%40.2%66.4%20.0%11.0%-82.3K2.4M-142.2K0.0820.34N/AN/A180,11015,2601,557,6401,960,840
2008-12-23$0.39$0.4364.9%18.6%59.5%38.3%66.9%14.9%11.6%40.9K1.9M-145.7K0.5516.07N/AN/A40,88022,4001,725,7101,970,920
2008-12-24$0.39$0.4364.5%18.5%57.9%37.9%66.8%16.6%11.3%50.2K1.2M-146.1K1.0210.26N/AN/A22,89023,4501,738,8001,971,270
2008-12-26$0.41$0.4365.7%18.8%56.4%39.3%62.6%15.5%8.8%78.7K-3.3M-145.7K0.9320.79N/AN/A30,24028,1401,749,5801,983,100
2008-12-29$0.40$0.4367.2%19.3%57.4%41.2%62.5%16.0%9.7%72.1K-943.2K-141.2K0.9712.45N/AN/A153,160147,8401,760,5701,987,650
2008-12-30$0.41$0.4363.2%18.1%54.3%36.3%64.4%16.7%11.9%175.4K-5.3M-144.6K3.4715.04N/AN/A20,09069,7201,851,0101,995,140
2008-12-31$0.43$0.4360.9%17.5%53.5%33.5%60.4%9.8%11.4%357.0K-16.7M-152.9K0.328.45N/AN/A177,10056,9801,933,3301,993,810