NFLX Options History — May 2011

In May 2011, NFLX traded between $3.27 and $3.87. ATM implied volatility averaged 36.6%, placing in the 8.5% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 5.2% (HV 20d: 41.8%). Max pain ranged from $3.14 to $3.43. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 1.03.

Notable Days

  • 2011-05-25: Highest Volume — 10,133,760 contracts
  • 2011-05-31: Largest IV spike — 21.1% change
  • 2011-05-31: Highest IV Rank — 17.5%
  • 2011-05-09: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.49$3.27$3.87$3.39$3.87
Max Pain$3.26$3.14$3.43$3.36$3.43
ATM IV36.6%30.7%41.2%41.2%37.1%
Expected Move10.6%9.8%11.2%10.9%10.1%
HV 20d41.8%27.4%46.9%45.8%29.9%
HV 60d43.3%40.3%46.3%46.3%40.9%
IV Rank8.5%0.0%17.5%17.1%17.5%
IV Percentile3.3%0.0%9.5%9.5%5.6%
Term Structure4.8%1.8%8.7%1.8%2.4%
VWIV37.9%34.9%39.6%39.0%36.4%
Skew 25d2.7%0.8%4.3%1.8%2.8%
Skew 10d5.6%1.4%8.7%4.6%5.1%
Call IV 25d36.2%34.1%38.3%37.7%34.3%
Put IV 25d38.9%35.2%41.0%39.4%37.1%
Bid-Ask Spread %17.158.6725.969.7817.27
Gamma HHI0.110.050.490.050.10
Net GEX24.4M-21.2M110.7M7.0M39.0M
Net DEX-935.7M-1.85B-219.4M-628.9M-1.78B
Net VEX-9.5M-9.9M-9.0M-9.9M-9.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.711.480.890.93
Total Volume4,950,056.6673,076,92010,133,7604,584,5805,060,160
Total OI25,445,563.33319,896,66027,545,14024,248,07024,714,480

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-05-02$3.39$3.3641.2%10.9%45.8%17.1%39.0%1.8%1.8%7.0M-628.9M-9.9M0.899.78N/AN/A2,424,3102,160,27010,405,99013,842,080
2011-05-03$3.30$3.3638.6%11.0%46.4%10.4%39.1%1.5%2.5%-10.8M-310.8M-9.9M1.3610.10N/AN/A1,855,0702,519,44011,041,38014,429,030
2011-05-04$3.27$3.3638.8%10.8%46.4%11.0%38.7%0.8%2.5%-14.8M-240.1M-9.8M1.2410.42N/AN/A1,929,9702,387,07011,291,91014,669,900
2011-05-05$3.29$3.3638.2%10.7%46.2%9.3%38.1%2.7%2.5%-8.7M-300.2M-9.9M0.998.67N/AN/A1,549,8001,527,12011,580,80014,939,190
2011-05-06$3.28$3.1433.4%11.1%45.4%0.0%38.5%3.7%6.3%-21.2M-219.4M-9.7M1.4811.65N/AN/A1,626,5202,414,79011,813,69015,236,480
2011-05-09$3.38$3.1439.6%11.2%46.7%15.7%39.5%3.6%5.6%9.1M-630.9M-9.6M1.0610.00N/AN/A2,095,1002,216,48010,846,99014,147,560
2011-05-10$3.39$3.1435.0%10.9%45.4%4.0%39.6%3.2%6.1%14.5M-710.5M-9.5M1.2011.48N/AN/A1,656,8301,982,61011,328,03014,734,230
2011-05-11$3.44$3.1433.5%11.0%44.8%0.4%39.2%4.3%6.4%24.4M-880.3M-9.6M0.9111.66N/AN/A2,092,7901,894,34011,611,88015,101,030
2011-05-12$3.51$3.1437.0%10.6%44.8%8.9%37.9%3.7%6.9%53.9M-1.25B-9.6M1.2218.98N/AN/A1,950,4102,374,75011,773,37015,456,840
2011-05-13$3.52$3.2137.1%10.6%44.6%9.4%37.6%3.5%6.7%29.0M-1.35B-9.4M0.7120.88N/AN/A3,736,1102,667,98011,946,20015,598,940
2011-05-16$3.39$3.2138.9%11.1%46.9%13.7%39.1%3.3%6.1%657.6K-558.1M-9.2M1.2725.33N/AN/A2,109,4502,680,09011,024,09014,636,860
2011-05-17$3.38$3.2138.1%10.9%46.8%11.8%38.6%3.5%6.7%-2.5M-560.8M-9.2M1.3924.94N/AN/A1,673,9802,333,73011,354,77014,993,160
2011-05-18$3.46$3.2136.0%10.3%45.9%6.5%37.5%3.7%8.0%28.2M-958.4M-9.2M1.0825.96N/AN/A1,962,3102,115,19011,475,87015,102,290
2011-05-19$3.47$3.2135.5%10.2%45.7%5.3%36.8%3.8%8.5%24.3M-921.2M-9.0M0.8625.74N/AN/A1,682,3801,441,93011,478,25015,194,480
2011-05-20$3.51$3.2935.2%10.1%44.4%5.0%36.2%3.0%8.7%60.8M-1.19B-9.0M0.9024.19N/AN/A2,816,4502,547,16011,599,63015,376,690
2011-05-23$3.54$3.2936.3%10.4%44.5%8.2%37.6%2.3%1.9%20.6M-971.1M-9.0M0.9521.00N/AN/A2,394,6302,268,4908,539,37011,357,290
2011-05-24$3.54$3.2935.5%10.2%27.4%6.1%36.6%1.9%2.6%21.1M-985.4M-9.2M0.8423.46N/AN/A3,057,6702,558,1509,386,09012,226,690
2011-05-25$3.71$3.2937.0%10.6%30.0%10.7%37.7%1.4%1.8%50.5M-1.56B-9.4M0.7818.56N/AN/A5,695,8304,437,9309,862,72013,090,630
2011-05-26$3.77$3.3636.1%10.3%30.0%7.8%36.9%1.0%2.8%77.1M-1.85B-9.9M0.8414.45N/AN/A4,389,9103,667,30010,875,34014,191,730
2011-05-27$3.78$3.3630.7%9.8%29.6%0.0%34.9%1.1%3.7%110.7M-1.78B-9.9M0.8215.68N/AN/A3,300,2202,696,47011,184,25014,896,630
2011-05-31$3.87$3.4337.1%10.1%29.9%17.5%36.4%2.8%2.4%39.0M-1.78B-9.9M0.9317.27N/AN/A2,615,4802,444,68010,395,00014,319,480