NFLX Options History — November 2011

In November 2011, NFLX traded between $0.91 and $1.32. ATM implied volatility averaged 69.3%, placing in the 54.6% IV rank vs the trailing year. The 30-day expected move averaged 19.3%. IV traded below realized volatility by 68.8% (HV 20d: 138.0%). Max pain ranged from $1.25 to $1.57. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.05.

Notable Days

  • 2011-11-04: Highest Volume — 10,291,050 contracts
  • 2011-11-30: Largest IV spike — 13.3% change
  • 2011-11-30: Highest IV Rank — 82.1%
  • 2011-11-30: Largest Expected Move — 22.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.14$0.91$1.32$1.14$0.92
Max Pain$1.37$1.25$1.57$1.29$1.25
ATM IV69.3%56.0%90.7%73.4%90.7%
Expected Move19.3%16.0%22.2%19.6%22.2%
HV 20d138.0%65.0%167.0%162.2%76.4%
HV 60d115.2%113.8%116.6%114.0%115.5%
IV Rank54.6%37.5%82.1%59.8%82.1%
IV Percentile86.2%74.6%98.4%89.3%98.4%
Term Structure0.2%-2.5%3.1%0.7%-1.6%
VWIV68.5%59.5%81.3%68.9%81.3%
Skew 25d8.7%2.2%14.3%5.0%14.3%
Skew 10d16.8%2.7%30.6%8.8%30.6%
Call IV 25d63.9%53.1%72.9%66.1%72.3%
Put IV 25d72.6%62.0%86.7%71.2%86.7%
Bid-Ask Spread %6.102.5524.3811.582.88
Gamma HHI0.130.070.580.080.12
Net GEX-4.9M-22.1M4.8M-4.2M-5.4M
Net DEX615.9M319.0M857.1M717.9M685.7M
Net VEX-2.7M-3.5M-1.8M-2.7M-2.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.471.990.471.99
Total Volume4,824,713.3331,901,76010,291,0503,798,6908,901,200
Total OI35,328,20029,218,49038,553,34035,307,93033,485,480

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-11-01$1.14$1.2973.4%19.6%162.2%59.8%68.9%5.0%0.7%-4.2M717.9M-2.7M0.4711.58N/AN/A2,580,9701,217,72020,911,87014,396,060
2011-11-02$1.19$1.2970.9%18.6%162.2%56.7%65.6%7.5%1.8%-226.1K616.2M-2.9M0.733.77N/AN/A1,917,2301,400,91021,714,35014,456,750
2011-11-03$1.32$1.2967.5%19.4%167.0%52.3%69.3%2.2%1.3%4.8M319.0M-3.4M0.7413.26N/AN/A5,587,4004,151,98021,464,73014,711,480
2011-11-04$1.29$1.5765.6%19.2%166.5%49.8%68.5%2.5%-0.6%-22.1M371.5M-3.5M0.7324.38N/AN/A5,940,5504,350,50022,105,72016,154,810
2011-11-07$1.30$1.4372.1%19.1%166.1%58.2%67.7%4.3%-1.1%1.7M416.5M-3.4M0.7411.10N/AN/A2,000,6001,484,42021,745,92014,675,360
2011-11-08$1.29$1.4364.2%18.2%166.0%48.1%64.8%4.0%-0.3%392.5K444.6M-3.3M0.925.79N/AN/A1,101,9401,013,53022,043,35015,051,820
2011-11-09$1.26$1.4365.8%19.4%164.9%50.1%69.3%5.6%-0.9%-2.7M522.7M-3.3M0.895.57N/AN/A1,445,9201,289,40022,192,45015,217,720
2011-11-10$1.22$1.4363.8%18.3%164.3%47.6%64.4%8.0%0.3%-6.5M648.1M-3.1M0.995.45N/AN/A1,955,1701,942,92022,430,31015,517,180
2011-11-11$1.25$1.4358.1%16.7%165.1%40.2%61.0%10.0%1.7%-13.4M560.2M-3.0M1.003.97N/AN/A2,373,2802,378,67022,672,65015,880,690
2011-11-14$1.22$1.4359.8%17.1%164.8%42.3%61.6%8.8%1.2%-3.3M612.7M-2.7M1.044.04N/AN/A1,217,6501,267,07021,750,26015,112,510
2011-11-15$1.23$1.4356.0%16.0%164.5%37.5%59.5%8.9%3.1%-3.6M607.3M-2.8M0.894.09N/AN/A1,008,210893,55021,908,11015,290,800
2011-11-16$1.16$1.4363.3%18.2%165.4%47.0%62.6%10.4%1.4%-7.4M751.3M-2.6M1.173.60N/AN/A1,839,2502,158,17021,960,82015,372,280
2011-11-17$1.09$1.3666.9%19.2%165.6%51.5%67.5%9.4%1.4%-9.5M857.1M-2.4M0.773.38N/AN/A3,565,3102,747,92022,392,23015,594,740
2011-11-18$1.12$1.3662.4%17.9%164.4%45.7%63.2%8.7%2.8%-7.6M784.1M-2.5M0.823.56N/AN/A2,850,3302,338,07022,921,92015,628,340
2011-11-21$1.06$1.3667.3%19.3%164.1%52.1%68.5%11.8%1.3%-2.3M628.0M-2.2M1.153.58N/AN/A1,750,7002,019,50017,682,63011,535,860
2011-11-22$1.01$1.3673.1%21.0%65.6%59.5%73.4%13.6%-1.1%-4.2M670.9M-2.1M1.366.35N/AN/A3,327,9404,512,48018,049,78011,946,130
2011-11-23$0.98$1.3272.4%20.8%65.0%58.6%72.4%11.3%-0.7%-5.8M699.2M-2.1M1.442.77N/AN/A1,413,3702,041,90018,767,14013,031,340
2011-11-25$0.91$1.3276.8%22.1%67.9%64.2%78.3%11.8%-2.5%-4.4M748.6M-1.8M1.633.11N/AN/A1,650,8802,688,70018,973,08013,178,480
2011-11-28$1.00$1.2984.4%21.5%75.1%74.1%76.9%12.6%-2.4%-3.1M622.5M-2.1M0.953.40N/AN/A2,467,7802,334,15018,577,23012,719,350
2011-11-29$0.97$1.2980.0%21.1%75.5%68.4%73.8%12.4%-0.6%-4.1M649.0M-2.1M1.542.55N/AN/A1,647,9402,543,80019,379,15013,291,320
2011-11-30$0.92$1.2590.7%22.2%76.4%82.1%81.3%14.3%-1.6%-5.4M685.7M-2.0M1.992.88N/AN/A2,979,8305,921,37019,810,35013,675,130