NFLX Options History — July 2011

In July 2011, NFLX traded between $3.80 and $4.27. ATM implied volatility averaged 44.2%, placing in the 42.7% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 4.6% (HV 20d: 39.6%). Max pain ranged from $3.64 to $4.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 1.03.

Notable Days

  • 2011-07-26: Highest Volume — 16,445,310 contracts
  • 2011-07-05: Largest IV spike — 66.2% change
  • 2011-07-25: Highest IV Rank — 75.4%
  • 2011-07-25: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.03$3.80$4.27$3.83$3.80
Max Pain$3.92$3.64$4.00$3.64$3.93
ATM IV44.2%26.8%57.5%26.8%44.1%
Expected Move13.7%8.5%16.5%8.5%12.1%
HV 20d39.6%30.1%44.9%30.1%44.6%
HV 60d37.0%33.5%39.2%35.9%34.9%
IV Rank42.7%0.0%75.4%0.0%42.4%
IV Percentile42.7%0.0%91.3%0.0%41.7%
Term Structure-2.8%-7.9%12.2%12.2%0.5%
VWIV48.0%31.3%57.1%31.3%43.3%
Skew 25d1.9%-0.2%3.7%3.7%2.8%
Skew 10d3.5%-0.8%7.8%7.8%5.2%
Call IV 25d46.8%29.0%55.4%29.0%41.4%
Put IV 25d48.7%32.7%57.8%32.7%44.2%
Bid-Ask Spread %13.388.2320.5614.9820.56
Gamma HHI0.110.040.650.050.06
Net GEX11.6M-43.7M192.0M20.2M-15.8M
Net DEX-1.25B-2.16B-247.5M-1.17B-474.7M
Net VEX-11.3M-12.4M-9.7M-10.2M-12.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.781.361.081.28
Total Volume6,973,8763,396,89016,445,3105,564,3705,669,790
Total OI27,091,844.522,654,38032,212,46024,567,48032,212,460

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-07-01$3.83$3.6426.8%8.5%30.1%0.0%31.3%3.7%12.2%20.2M-1.17B-10.2M1.0814.98N/AN/A2,677,3602,887,01010,070,27014,497,210
2011-07-05$4.14$3.6444.6%13.2%37.7%43.7%46.5%1.1%-3.7%35.0M-2.02B-9.7M0.949.43N/AN/A6,142,6405,769,4709,226,70013,427,680
2011-07-06$4.16$3.7937.9%13.2%37.7%27.3%46.8%2.2%-3.5%44.8M-2.06B-10.6M0.8314.34N/AN/A3,460,5202,887,08010,504,48015,311,380
2011-07-07$4.18$3.8635.9%13.3%37.5%22.4%46.6%1.6%-3.2%45.1M-2.08B-10.6M0.818.82N/AN/A3,440,0802,794,12010,794,56016,033,150
2011-07-08$4.22$3.9333.4%13.3%37.5%16.1%46.8%2.8%-3.2%192.0M-2.16B-10.6M0.789.99N/AN/A3,262,9802,535,33011,105,43016,553,390
2011-07-11$4.15$3.9341.1%14.0%37.5%35.0%49.4%2.2%-3.8%17.0M-1.75B-10.6M0.978.83N/AN/A3,106,3903,027,0809,937,97015,662,780
2011-07-12$4.16$3.9338.3%14.4%37.3%28.2%50.5%2.3%-4.5%16.3M-1.73B-10.8M0.7912.49N/AN/A2,898,5602,281,44010,456,46016,278,780
2011-07-13$4.27$3.9334.8%14.2%37.8%19.7%49.8%3.0%-3.5%43.6M-2.16B-10.9M1.1810.33N/AN/A3,234,2803,807,72010,941,98016,712,500
2011-07-14$4.09$4.0050.7%14.5%40.8%58.6%50.8%1.5%-4.0%-36.5M-1.27B-11.3M1.1412.87N/AN/A4,434,9905,050,78011,401,39017,630,900
2011-07-15$4.10$4.0050.5%14.5%38.5%58.1%50.4%1.7%-4.7%-43.7M-1.26B-11.3M1.3417.20N/AN/A3,245,5504,360,09011,944,31018,591,580
2011-07-18$3.99$4.0052.3%15.0%39.8%62.5%52.3%1.0%-4.7%-4.1M-857.7M-11.3M1.3613.66N/AN/A1,887,0602,574,2508,791,86013,891,640
2011-07-19$4.10$4.0050.3%14.4%40.5%57.8%50.2%2.1%-4.9%10.9M-1.23B-11.3M0.8418.41N/AN/A2,070,6001,733,5509,370,41014,465,430
2011-07-20$4.02$4.0051.8%14.9%40.7%61.4%51.6%1.9%-5.7%-5.4M-957.2M-11.7M0.9014.57N/AN/A1,783,8801,613,0109,825,27015,000,580
2011-07-21$3.94$4.0053.0%15.2%40.7%64.5%52.9%0.4%-6.5%-29.4M-689.0M-11.7M1.0812.81N/AN/A2,465,3302,651,53010,286,64015,497,020
2011-07-22$3.95$4.0055.9%16.0%39.8%71.4%55.6%0.9%-7.4%-20.1M-766.4M-11.9M1.1715.82N/AN/A3,054,5203,574,20011,037,39016,231,390
2011-07-25$4.02$4.0057.5%16.5%40.1%75.4%57.1%2.5%-7.9%3.7M-1.05B-11.9M0.8414.18N/AN/A5,195,8904,362,40010,051,44015,366,470
2011-07-26$3.81$4.0042.2%12.1%44.9%37.8%43.2%-0.2%0.3%-27.7M-247.5M-11.9M0.908.23N/AN/A8,658,7207,786,59011,982,18017,243,590
2011-07-27$3.85$3.9341.3%11.9%44.5%35.7%42.5%2.5%1.1%781.1K-679.8M-12.4M1.2112.42N/AN/A3,629,3604,401,46013,304,90018,265,730
2011-07-28$3.81$3.9341.6%11.9%44.7%36.3%42.1%2.7%0.8%-14.1M-472.6M-12.4M1.2317.70N/AN/A2,267,9302,793,98013,567,75018,361,840
2011-07-29$3.80$3.9344.1%12.1%44.6%42.4%43.3%2.8%0.5%-15.8M-474.7M-12.2M1.2820.56N/AN/A2,488,9903,180,80013,692,07018,520,390