NFLX Options History — September 2009

In September 2009, NFLX traded between $0.58 and $0.68. ATM implied volatility averaged 41.1%, placing in the 7.4% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 7.2% (HV 20d: 33.9%). Max pain ranged from $0.61 to $0.68. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.92.

Notable Days

  • 2009-09-03: Highest Volume — 921,410 contracts
  • 2009-09-03: Largest IV spike — 9.8% change
  • 2009-09-14: Highest IV Rank — 12.2%
  • 2009-09-14: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.64$0.58$0.68$0.60$0.66
Max Pain$0.64$0.61$0.68$0.64$0.64
ATM IV41.1%37.9%44.9%38.5%39.9%
Expected Move11.9%10.9%12.9%11.0%11.4%
HV 20d33.9%30.2%36.1%31.0%32.2%
HV 60d38.4%37.1%39.9%38.6%37.1%
IV Rank7.4%3.4%12.2%4.1%5.9%
IV Percentile12.1%3.2%19.4%3.6%10.3%
Term Structure4.8%1.9%9.1%4.6%8.3%
VWIV41.9%38.0%45.0%38.7%38.0%
Skew 25d4.6%2.1%6.0%3.4%2.9%
Skew 10d8.8%2.9%11.6%5.5%6.6%
Call IV 25d39.7%37.5%42.2%37.7%38.0%
Put IV 25d44.3%40.7%47.6%41.0%40.9%
Bid-Ask Spread %14.217.5819.3511.8115.71
Gamma HHI0.240.140.810.170.14
Net GEX645.2K-912.8K6.5M-386.0K396.2K
Net DEX-13.0M-52.3M28.7M10.5M-16.3M
Net VEX-261.7K-277.2K-238.0K-254.8K-262.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.142.331.450.63
Total Volume292,90091,350921,410346,010165,060
Total OI4,471,1102,983,2605,444,7404,867,6603,411,870

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-09-01$0.60$0.6438.5%11.0%31.0%4.1%38.7%3.4%4.6%-386.0K10.5M-254.8K1.4511.81N/AN/A141,120204,8902,359,0002,508,660
2009-09-02$0.60$0.6438.5%11.0%31.0%4.2%39.2%2.1%4.4%-656.9K15.7M-253.2K1.6410.22N/AN/A49,14080,7802,379,0902,570,610
2009-09-03$0.58$0.6442.3%12.1%32.8%8.9%43.5%4.2%2.5%-912.8K28.7M-239.9K2.337.58N/AN/A276,430644,9802,392,7402,536,870
2009-09-04$0.58$0.6840.0%12.5%30.7%6.1%42.9%5.8%4.1%-657.1K21.3M-249.8K0.5217.24N/AN/A216,160112,6302,459,3102,632,000
2009-09-08$0.59$0.6840.3%12.5%30.2%6.4%43.6%5.0%3.3%-564.5K16.8M-238.0K0.2117.55N/AN/A213,50045,7102,477,0202,662,240
2009-09-09$0.62$0.6142.5%12.8%34.3%9.2%44.5%5.4%2.2%430.4K-7.3M-261.3K0.4319.35N/AN/A352,030150,4302,617,0902,669,310
2009-09-10$0.62$0.6144.6%12.8%34.3%11.8%43.7%5.3%2.1%649.5K-9.9M-266.1K0.4917.60N/AN/A215,390105,2102,640,2602,664,690
2009-09-11$0.61$0.6143.8%12.6%34.8%10.8%43.8%4.4%2.1%243.9K-321.7K-266.3K0.7918.69N/AN/A51,03040,3202,709,0702,718,870
2009-09-14$0.62$0.6144.9%12.9%32.7%12.2%45.0%6.0%1.9%478.5K-4.6M-254.3K0.8917.78N/AN/A72,10064,4002,691,2902,707,460
2009-09-15$0.64$0.6142.1%12.1%33.6%8.6%42.8%6.0%2.9%1.5M-27.9M-258.8K1.0313.31N/AN/A288,890296,8002,699,9002,718,800
2009-09-16$0.67$0.6442.1%12.1%36.1%8.6%44.0%4.8%2.4%1.6M-44.2M-263.0K0.2710.74N/AN/A544,250144,8302,611,9802,801,400
2009-09-17$0.66$0.6442.2%12.1%34.9%8.8%42.9%4.6%2.8%1.7M-42.1M-269.0K0.429.33N/AN/A192,71080,6402,639,2102,756,670
2009-09-18$0.68$0.6441.2%11.8%35.5%7.5%41.8%4.6%3.7%6.5M-52.3M-267.3K0.619.74N/AN/A188,930115,0802,668,1202,776,620
2009-09-21$0.68$0.6441.8%12.0%35.5%8.3%42.7%4.9%6.3%521.5K-31.2M-266.7K0.689.98N/AN/A108,22073,8501,515,8501,467,410
2009-09-22$0.68$0.6440.9%11.7%34.7%7.2%41.9%5.0%6.7%557.9K-33.1M-263.1K1.2814.03N/AN/A100,660129,1501,549,8701,505,560
2009-09-23$0.67$0.6440.2%11.5%35.6%6.3%41.7%4.2%7.8%450.7K-24.6M-274.2K1.0116.25N/AN/A85,05086,2401,569,6101,577,800
2009-09-24$0.67$0.6439.2%11.2%35.4%5.0%40.5%4.3%8.0%440.8K-21.5M-277.1K1.1617.98N/AN/A44,24051,5201,609,0901,639,400
2009-09-25$0.66$0.6438.1%10.9%35.5%3.7%40.5%4.3%8.9%426.2K-18.7M-277.2K1.8215.20N/AN/A35,07063,9101,624,8401,665,090
2009-09-28$0.66$0.6441.4%11.9%35.5%7.8%39.7%4.7%7.3%402.9K-15.3M-268.8K1.4612.95N/AN/A38,29055,7201,631,4901,693,650
2009-09-29$0.66$0.6437.9%10.9%35.0%3.4%38.4%3.9%9.1%396.0K-16.9M-265.2K0.1415.42N/AN/A197,12028,4201,638,8401,724,660
2009-09-30$0.66$0.6439.9%11.4%32.2%5.9%38.0%2.9%8.3%396.2K-16.3M-262.4K0.6315.71N/AN/A101,57063,4901,671,4601,740,410