NFLX Options History — August 2011

In August 2011, NFLX traded between $2.93 and $3.76. ATM implied volatility averaged 54.4%, placing in the 52.6% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded above realized volatility by 5.1% (HV 20d: 49.3%). Max pain ranged from $3.43 to $3.93. Net GEX was positive for 3 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 1.12.

Notable Days

  • 2011-08-05: Highest Volume — 7,180,040 contracts
  • 2011-08-08: Largest IV spike — 63.0% change
  • 2011-08-08: Highest IV Rank — 100.0%
  • 2011-08-19: Largest Expected Move — 18.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.33$2.93$3.76$3.76$3.36
Max Pain$3.58$3.43$3.93$3.93$3.43
ATM IV54.4%45.1%82.6%45.1%56.1%
Expected Move14.6%11.8%18.3%12.0%13.8%
HV 20d49.3%33.6%62.7%44.1%62.5%
HV 60d41.4%34.9%46.3%35.0%46.3%
IV Rank52.6%33.2%100.0%44.9%52.4%
IV Percentile75.6%48.0%100.0%48.8%86.9%
Term Structure1.6%-2.7%5.0%-0.4%4.5%
VWIV52.2%42.2%63.4%42.8%48.9%
Skew 25d10.2%1.4%19.6%2.1%6.2%
Skew 10d21.9%1.9%40.3%4.5%13.3%
Call IV 25d47.0%41.4%55.9%41.8%46.1%
Put IV 25d57.2%43.1%75.0%43.9%52.3%
Bid-Ask Spread %19.006.0134.9620.4510.40
Gamma HHI0.080.030.510.050.03
Net GEX-17.9M-59.6M8.7M-8.4M7.8M
Net DEX496.3M-373.5M1.71B-373.5M-127.1M
Net VEX-10.4M-11.9M-8.5M-11.9M-10.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.782.100.930.95
Total Volume4,127,729.5651,990,3107,180,0403,854,3403,112,270
Total OI26,906,456.95721,919,45029,925,42027,590,64025,464,320

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-08-01$3.76$3.9345.1%12.0%44.1%44.9%42.8%2.1%-0.4%-8.4M-373.5M-11.9M0.9320.45N/AN/A2,000,1101,854,23011,369,82016,220,820
2011-08-02$3.67$3.9350.8%12.5%33.6%58.9%44.4%1.4%-0.0%-19.8M-89.1M-11.9M0.9316.26N/AN/A1,606,4301,493,80011,863,11016,681,000
2011-08-03$3.71$3.9346.1%11.8%33.9%47.5%42.2%1.7%0.5%-17.4M-219.4M-11.7M1.0523.81N/AN/A1,728,4401,813,56012,115,11016,991,940
2011-08-04$3.51$3.9353.5%14.3%38.1%65.6%51.1%3.7%-0.8%-44.8M521.7M-11.8M1.3724.81N/AN/A2,428,7903,324,65012,253,01017,192,700
2011-08-05$3.44$3.5750.7%14.3%37.7%58.7%50.5%8.0%3.3%-44.4M830.3M-11.4M1.5732.85N/AN/A2,795,1704,384,87012,702,90017,222,520
2011-08-08$3.24$3.5782.6%17.6%41.9%100.0%62.1%11.7%-2.7%-25.0M1.03B-10.9M2.1034.96N/AN/A1,901,9703,984,61011,787,58015,977,640
2011-08-09$3.40$3.5760.6%15.0%46.9%60.5%55.0%12.8%1.6%-21.2M637.9M-11.0M1.1320.63N/AN/A2,146,4802,429,84012,073,74015,535,380
2011-08-10$3.32$3.5760.1%16.2%45.2%59.6%57.2%13.2%0.2%-21.3M790.3M-10.9M1.1630.74N/AN/A1,648,7101,907,08012,300,40015,603,840
2011-08-11$3.47$3.5751.7%14.8%48.2%44.7%51.5%12.5%1.7%-10.9M312.1M-11.3M0.8324.47N/AN/A2,383,1501,971,27012,572,21015,886,570
2011-08-12$3.49$3.5747.8%13.7%48.2%37.6%50.9%10.4%3.2%-17.3M278.2M-11.1M1.0630.49N/AN/A1,918,4202,027,97012,897,50016,159,010
2011-08-15$3.52$3.5745.3%13.0%48.0%33.2%47.2%8.7%4.1%-19.7M226.3M-10.8M1.2126.69N/AN/A1,452,8501,759,24012,470,99015,528,450
2011-08-16$3.41$3.5745.6%13.1%46.8%33.7%46.6%7.2%4.1%-25.7M585.0M-10.3M1.0523.89N/AN/A1,343,8601,408,54012,606,86015,803,900
2011-08-17$3.32$3.5746.3%13.3%47.1%35.0%47.0%9.3%3.8%-32.7M905.0M-9.7M1.0524.04N/AN/A1,937,6702,028,32012,708,64016,025,800
2011-08-18$3.11$3.5755.9%16.0%51.1%52.1%54.9%15.8%-1.0%-35.2M1.46B-9.2M1.2311.31N/AN/A2,485,7003,063,55012,902,61016,010,330
2011-08-19$2.93$3.5063.7%18.3%53.3%66.1%63.4%19.6%-2.5%-59.6M1.71B-8.8M1.7316.54N/AN/A2,083,6903,611,30013,374,62016,030,280
2011-08-22$2.93$3.5062.5%17.9%52.2%63.9%62.1%18.9%0.5%-12.5M883.7M-8.5M0.996.01N/AN/A1,819,2301,792,2109,609,39012,310,060
2011-08-23$3.14$3.4352.0%14.9%58.0%45.1%54.2%15.6%2.1%-2.5M497.6M-9.2M0.7810.39N/AN/A1,749,7901,366,12010,178,84012,486,600
2011-08-24$3.09$3.4355.1%15.8%57.6%50.6%56.1%13.2%0.6%-3.5M570.3M-9.1M0.828.41N/AN/A1,934,5201,596,00010,478,65012,859,280
2011-08-25$3.08$3.4358.1%16.7%57.7%56.1%58.0%14.1%0.4%1.6M529.5M-9.2M0.967.66N/AN/A1,637,7901,575,77010,907,26013,080,410
2011-08-26$3.17$3.4350.8%14.6%59.2%42.9%54.5%12.2%3.8%-4.7M349.2M-9.3M0.838.29N/AN/A2,670,5002,224,39011,119,85013,379,940
2011-08-29$3.21$3.4355.7%13.5%59.8%51.7%49.4%8.8%5.0%-2.1M283.0M-9.9M1.0312.46N/AN/A979,0901,011,22010,822,70012,921,580
2011-08-30$3.38$3.4354.4%13.5%62.7%49.4%49.3%6.8%4.8%8.7M-180.4M-10.5M0.9011.51N/AN/A2,395,0502,149,56011,076,17013,284,180
2011-08-31$3.36$3.4356.1%13.8%62.5%52.4%48.9%6.2%4.5%7.8M-127.1M-10.6M0.9510.40N/AN/A1,592,9901,519,28011,467,47013,996,850