NFLX Options History — March 2011

In March 2011, NFLX traded between $2.76 and $3.40. ATM implied volatility averaged 47.1%, placing in the 39.0% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded below realized volatility by 2.3% (HV 20d: 49.4%). Max pain ranged from $2.93 to $3.14. Net GEX was positive for 13 of 23 trading days. Term structure was in contango for 23 of 23 days. Put/call ratio averaged 0.95.

Notable Days

  • 2011-03-08: Highest Volume — 12,024,250 contracts
  • 2011-03-28: Largest IV spike — 21.9% change
  • 2011-03-08: Highest IV Rank — 58.9%
  • 2011-03-16: Largest Expected Move — 14.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.08$2.76$3.40$2.92$3.40
Max Pain$3.00$2.93$3.14$3.00$3.14
ATM IV47.1%41.2%55.4%52.3%42.5%
Expected Move13.2%11.8%14.8%13.2%12.0%
HV 20d49.4%46.4%52.7%46.7%46.7%
HV 60d49.8%47.7%50.9%49.3%50.5%
IV Rank39.0%22.8%58.9%52.7%26.0%
IV Percentile36.9%10.7%73.4%60.3%13.5%
Term Structure5.6%1.0%10.6%1.0%10.3%
VWIV46.9%42.0%52.3%46.7%43.4%
Skew 25d4.8%0.3%9.7%6.7%1.2%
Skew 10d9.8%1.0%19.7%14.3%2.3%
Call IV 25d44.3%40.6%50.1%43.2%42.0%
Put IV 25d49.1%42.6%55.9%49.9%43.2%
Bid-Ask Spread %14.574.2629.0410.248.34
Gamma HHI0.140.040.700.070.08
Net GEX13.0M-36.7M169.1M-14.5M19.4M
Net DEX-465.4M-1.12B577.0M14.5M-1.07B
Net VEX-8.4M-8.9M-8.0M-8.3M-8.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.711.301.071.18
Total Volume6,519,115.2173,467,80012,024,2505,811,4703,581,760
Total OI23,931,307.82616,282,56029,251,46023,555,28022,516,830

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-03-01$2.92$3.0052.3%13.2%46.7%52.7%46.7%6.7%1.0%-14.5M14.5M-8.3M1.0710.24N/AN/A2,809,3103,002,16010,222,87013,332,410
2011-03-02$2.92$3.0048.6%12.7%46.7%44.5%45.1%5.0%2.5%-10.2M-26.7M-8.2M0.7517.89N/AN/A2,469,4601,862,91010,858,26013,739,810
2011-03-03$2.91$3.0044.6%12.7%46.7%35.4%45.3%5.4%3.1%-16.6M24.3M-8.2M0.8916.41N/AN/A2,778,4402,467,78011,168,50013,984,880
2011-03-04$3.01$3.0044.6%13.7%48.5%35.4%48.7%7.2%2.7%31.9M-501.5M-8.4M0.8915.01N/AN/A5,095,4404,536,14011,762,10014,422,590
2011-03-07$2.96$3.0050.4%14.2%46.4%47.4%49.5%7.0%2.2%-10.4M-187.9M-8.5M0.9515.24N/AN/A2,727,4102,580,06010,712,66013,941,970
2011-03-08$2.79$2.9355.4%14.7%50.6%58.9%51.4%8.4%1.5%-30.5M452.6M-8.1M1.3017.26N/AN/A5,230,1906,794,06011,135,46014,474,460
2011-03-09$2.76$2.9344.8%14.1%50.6%34.4%49.7%8.2%1.9%-36.7M577.0M-8.1M1.0914.21N/AN/A3,466,4003,774,61011,768,75015,272,180
2011-03-10$2.86$2.9349.5%14.2%51.9%45.2%50.5%9.7%2.6%-14.5M87.1M-8.4M0.8112.73N/AN/A6,104,7704,926,11012,237,47015,497,510
2011-03-11$2.92$2.9346.9%13.4%52.7%39.2%48.3%7.6%4.4%84.0M-310.3M-8.5M0.8328.01N/AN/A4,053,2103,347,89013,095,95016,155,510
2011-03-14$2.87$2.9347.8%13.7%50.8%41.2%48.4%6.6%4.4%-12.4M-3.7M-8.1M1.0729.04N/AN/A2,341,5702,496,34011,588,57014,548,030
2011-03-15$3.10$2.9349.0%14.1%52.3%44.1%50.1%4.6%3.9%19.7M-911.7M-8.4M0.7925.30N/AN/A5,850,6704,596,06011,725,77014,826,140
2011-03-16$3.05$2.9351.6%14.8%51.8%50.0%52.3%4.2%3.0%8.5M-681.4M-8.5M1.1625.36N/AN/A2,707,1103,144,54012,071,15015,106,140
2011-03-17$3.06$2.9346.7%13.4%51.8%38.7%47.7%5.1%5.8%-1.3M-589.5M-8.2M0.7119.93N/AN/A2,228,1701,591,59012,199,60015,536,780
2011-03-18$2.99$3.0046.4%13.3%52.1%38.0%47.1%4.7%5.5%-32.9M-203.4M-8.0M1.0321.02N/AN/A3,551,7303,662,75012,253,78015,743,840
2011-03-21$3.04$3.0043.6%12.5%52.6%31.3%44.8%5.0%8.3%3.9M-382.8M-8.0M0.8812.61N/AN/A2,426,2002,126,9507,397,9508,884,610
2011-03-22$3.16$3.0045.4%13.0%50.5%35.3%46.1%4.1%7.9%14.6M-687.2M-8.3M0.864.26N/AN/A3,675,4903,148,6007,999,4609,658,320
2011-03-23$3.27$3.0045.5%13.0%48.5%35.5%46.7%3.5%8.1%31.3M-990.2M-8.5M0.947.30N/AN/A3,963,0503,727,7108,793,33010,455,060
2011-03-24$3.27$3.0743.3%12.4%48.2%27.9%44.2%2.1%9.3%32.7M-991.8M-8.7M0.888.14N/AN/A3,298,0502,909,9009,398,97011,338,880
2011-03-25$3.29$3.0741.2%11.8%47.9%22.8%42.0%2.2%10.6%169.1M-986.1M-8.7M0.938.21N/AN/A3,058,0202,847,7409,777,46011,882,080
2011-03-28$3.39$3.0750.2%12.7%47.3%44.6%44.8%1.1%9.3%21.0M-1.12B-8.7M0.849.16N/AN/A4,233,8803,536,4708,770,44010,729,740
2011-03-29$3.39$3.1447.8%12.2%46.9%38.8%43.2%0.3%10.5%20.0M-1.09B-8.9M1.024.38N/AN/A1,848,2801,892,8709,628,78011,652,760
2011-03-30$3.40$3.1444.5%11.8%46.8%30.8%42.7%1.0%10.6%22.1M-1.12B-8.9M1.005.12N/AN/A1,734,5301,733,27010,040,52012,111,750
2011-03-31$3.40$3.1442.5%12.0%46.7%26.0%43.4%1.2%10.3%19.4M-1.07B-8.8M1.188.34N/AN/A1,644,1601,937,60010,122,28012,394,550