NFLX Options History — December 2011

In December 2011, NFLX traded between $0.95 and $1.08. ATM implied volatility averaged 67.1%, placing in the 51.8% IV rank vs the trailing year. The 30-day expected move averaged 19.2%. IV traded below realized volatility by 2.5% (HV 20d: 69.6%). Max pain ranged from $1.18 to $1.43. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.90.

Notable Days

  • 2011-12-12: Highest Volume — 8,306,340 contracts
  • 2011-12-12: Largest IV spike — 32.0% change
  • 2011-12-06: Highest IV Rank — 67.0%
  • 2011-12-14: Largest Expected Move — 21.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.00$0.95$1.08$0.96$0.99
Max Pain$1.33$1.18$1.43$1.18$1.29
ATM IV67.1%53.0%78.9%75.4%53.0%
Expected Move19.2%17.4%21.6%20.8%17.8%
HV 20d69.6%55.2%76.9%76.4%55.2%
HV 60d111.3%107.2%117.7%116.2%107.2%
IV Rank51.8%33.6%67.0%62.5%33.6%
IV Percentile78.8%55.6%89.7%88.1%55.6%
Term Structure7.6%-1.0%13.5%-1.0%13.5%
VWIV68.2%61.9%76.2%74.2%62.9%
Skew 25d6.0%0.3%10.4%10.4%3.0%
Skew 10d11.9%3.5%20.8%20.8%5.7%
Call IV 25d65.2%59.7%72.7%69.1%61.3%
Put IV 25d71.2%63.6%80.1%79.5%64.3%
Bid-Ask Spread %6.842.4342.933.423.40
Gamma HHI0.090.050.260.100.06
Net GEX-637.6K-4.2M4.9M-2.6M-2.2M
Net DEX439.3M263.2M625.3M612.7M374.4M
Net VEX-2.6M-2.8M-2.2M-2.2M-2.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.591.470.770.85
Total Volume3,729,266.6671,841,5608,306,3405,296,6201,841,560
Total OI32,416,15025,088,21037,661,54034,982,43028,338,450

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-12-01$0.96$1.1875.4%20.8%76.4%62.5%74.2%10.4%-1.0%-2.6M612.7M-2.2M0.773.42N/AN/A2,987,2502,309,37020,690,81014,291,620
2011-12-02$0.95$1.1869.2%19.4%63.9%54.5%69.5%10.4%1.2%-3.4M625.3M-2.2M0.782.43N/AN/A2,496,2701,937,18021,679,77014,626,220
2011-12-05$1.00$1.4375.6%19.5%68.6%62.8%69.2%5.9%6.3%-855.8K509.4M-2.6M0.763.32N/AN/A3,177,7902,416,54021,147,00013,748,420
2011-12-06$0.97$1.4378.9%19.7%68.3%67.0%69.6%7.5%6.0%-2.5M567.7M-2.5M1.473.00N/AN/A1,685,8102,477,51021,715,61014,102,480
2011-12-07$1.03$1.4366.1%19.0%72.6%50.5%68.1%7.0%6.5%1.5M447.0M-2.7M0.823.91N/AN/A2,410,2401,980,86022,059,52014,234,570
2011-12-08$0.99$1.4369.0%19.4%72.9%54.2%69.9%7.6%6.5%-676.2K514.2M-2.6M0.772.95N/AN/A2,197,6501,684,06022,359,12014,373,100
2011-12-09$1.01$1.4357.1%18.5%73.3%38.9%65.8%7.4%8.3%-11.6K463.5M-2.6M0.722.94N/AN/A1,993,5301,431,22022,740,69014,465,780
2011-12-12$1.08$1.3675.3%20.6%76.1%62.4%72.7%6.2%3.1%3.6M337.2M-2.8M0.8637.94N/AN/A4,474,9603,831,38022,111,25013,415,430
2011-12-13$1.03$1.3671.2%21.1%76.9%57.0%73.8%3.3%2.4%283.7K450.3M-2.7M1.172.67N/AN/A2,587,4803,035,27022,605,94014,142,730
2011-12-14$1.01$1.3669.2%21.6%76.7%54.5%76.2%8.8%2.3%-1.2M502.0M-2.7M0.884.54N/AN/A2,088,5201,839,95022,771,77014,603,890
2011-12-15$1.00$1.3673.2%21.0%74.4%59.6%73.3%8.5%3.6%-3.1M542.1M-2.7M0.792.79N/AN/A1,467,8301,155,00022,869,91014,564,480
2011-12-16$1.00$1.3670.5%20.2%71.8%56.1%71.5%7.3%5.0%2.1M541.0M-2.6M1.3342.93N/AN/A1,348,9701,799,49023,102,45014,559,090
2011-12-19$0.96$1.3666.7%19.1%72.2%51.3%68.2%6.9%9.4%-1.7M394.5M-2.3M1.062.94N/AN/A1,261,6801,337,07015,171,0309,917,180
2011-12-20$1.02$1.3663.8%18.3%74.5%47.5%65.3%7.5%11.3%-64.8K334.0M-2.5M0.593.80N/AN/A2,328,4101,383,13015,566,25010,411,170
2011-12-21$1.01$1.2963.1%18.1%71.9%46.7%64.1%5.5%11.2%332.4K329.8M-2.5M1.383.22N/AN/A956,0601,323,84016,089,36010,657,430
2011-12-22$1.05$1.2960.6%17.4%72.3%43.4%61.9%4.1%11.7%2.0M263.2M-2.7M0.803.88N/AN/A2,062,6901,645,21016,215,36011,008,900
2011-12-23$1.04$1.2961.5%17.6%67.4%44.5%62.1%2.1%12.5%4.9M290.8M-2.7M0.663.41N/AN/A1,692,3201,118,81016,604,70011,494,840
2011-12-27$1.01$1.2962.4%17.9%60.5%45.7%63.4%3.1%13.2%-2.2M364.9M-2.5M0.983.64N/AN/A955,710935,34016,057,44010,972,220
2011-12-28$0.99$1.2963.7%18.3%59.6%47.5%65.0%0.3%13.2%-3.6M384.1M-2.6M0.673.24N/AN/A1,136,590757,54016,296,56011,246,620
2011-12-29$0.99$1.2964.2%18.4%56.9%48.0%65.1%2.3%12.5%-4.2M377.4M-2.5M0.773.24N/AN/A1,561,3501,203,16016,417,94011,292,050
2011-12-30$0.99$1.2953.0%17.8%55.2%33.6%62.9%3.0%13.5%-2.2M374.4M-2.5M0.853.40N/AN/A997,290844,27016,833,88011,504,570