NFLX Options History — May 2012

In May 2012, NFLX traded between $0.91 and $1.17. ATM implied volatility averaged 59.6%, placing in the 42.1% IV rank vs the trailing year. The 30-day expected move averaged 16.8%. IV traded below realized volatility by 5.7% (HV 20d: 65.2%). Max pain ranged from $1.21 to $1.39. Net GEX was positive for 2 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 1.15.

Notable Days

  • 2012-05-04: Highest Volume — 7,496,230 contracts
  • 2012-05-29: Largest IV spike — 17.1% change
  • 2012-05-30: Highest IV Rank — 57.1%
  • 2012-05-31: Largest Expected Move — 18.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.04$0.91$1.17$1.16$0.91
Max Pain$1.29$1.21$1.39$1.39$1.21
ATM IV59.6%53.2%71.3%53.2%68.6%
Expected Move16.8%14.6%18.8%14.6%18.8%
HV 20d65.2%52.3%73.0%64.9%59.2%
HV 60d53.0%49.6%55.6%49.8%55.6%
IV Rank42.1%33.9%57.1%33.9%53.7%
IV Percentile52.4%36.1%76.6%40.1%69.8%
Term Structure4.1%-2.1%7.8%-0.1%1.5%
VWIV59.6%51.9%63.8%52.4%63.8%
Skew 25d5.7%1.3%10.1%1.3%10.1%
Skew 10d10.3%0.8%18.6%0.8%18.6%
Call IV 25d57.6%50.8%61.1%52.5%60.2%
Put IV 25d63.4%53.8%70.3%53.8%70.3%
Bid-Ask Spread %9.764.6523.614.658.97
Gamma HHI0.150.060.860.100.12
Net GEX-6.4M-63.8M12.4M-4.6M-6.0M
Net DEX465.3M317.3M615.2M434.1M488.9M
Net VEX-2.6M-2.9M-2.2M-2.9M-2.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.150.801.750.800.99
Total Volume3,317,888.6361,698,7607,496,2302,528,6103,771,600
Total OI27,139,884.54520,426,35030,956,66027,581,12023,946,580

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-05-01$1.16$1.3953.2%14.6%64.9%33.9%52.4%1.3%-0.1%-4.6M434.1M-2.9M0.804.65N/AN/A1,401,1201,127,49016,632,28010,948,840
2012-05-02$1.17$1.3653.6%14.6%65.6%34.4%51.9%3.7%-0.7%-3.7M414.2M-2.9M1.065.55N/AN/A932,470985,95016,823,38011,035,360
2012-05-03$1.09$1.3655.2%16.3%69.3%36.5%58.0%4.3%-2.1%-8.7M569.2M-2.5M1.414.95N/AN/A2,425,7103,428,39016,718,80011,288,970
2012-05-04$1.04$1.3659.1%16.7%69.2%41.4%59.3%4.1%4.0%-5.7M615.2M-2.5M1.3210.72N/AN/A3,225,1104,271,12017,435,11011,905,670
2012-05-07$1.05$1.3662.5%16.7%69.5%45.9%59.4%4.9%4.7%-5.5M546.3M-2.6M1.098.40N/AN/A1,435,4901,566,88017,433,64011,726,890
2012-05-08$1.04$1.3263.2%17.1%68.8%46.8%61.5%4.2%4.0%-5.7M560.8M-2.6M1.4110.37N/AN/A1,299,3401,838,13017,815,28011,968,530
2012-05-09$1.06$1.3258.4%16.4%70.1%40.5%59.2%4.4%6.3%-4.6M505.7M-2.7M1.2110.76N/AN/A1,267,4201,535,59018,045,86011,955,930
2012-05-10$1.03$1.2956.4%16.2%66.7%38.1%57.5%3.2%6.7%-6.2M562.9M-2.5M1.049.96N/AN/A1,167,3901,210,93018,147,78012,193,650
2012-05-11$1.11$1.2956.6%16.2%73.0%38.3%58.0%4.9%6.5%12.4M424.4M-2.9M0.809.90N/AN/A3,251,0802,588,11018,266,22012,449,080
2012-05-14$1.10$1.2959.6%17.1%72.8%42.2%60.9%4.8%5.4%-4.4M454.4M-2.8M1.1219.66N/AN/A1,297,4501,456,56017,895,43012,159,280
2012-05-15$1.11$1.2958.2%16.7%68.5%40.4%59.6%4.3%7.1%-3.9M435.7M-2.9M0.9317.28N/AN/A1,092,7001,018,64018,119,29012,281,640
2012-05-16$1.06$1.2959.3%17.0%68.9%41.7%60.4%4.7%7.4%-6.1M518.6M-2.7M1.049.37N/AN/A1,464,6101,524,95018,178,79012,391,330
2012-05-17$1.03$1.2961.7%17.7%68.6%44.8%62.5%6.2%7.3%-7.9M559.2M-2.7M1.098.61N/AN/A1,331,8901,452,71018,262,16012,437,600
2012-05-18$1.00$1.2961.4%17.6%68.5%44.4%63.0%6.2%7.8%-63.8M603.5M-2.6M1.7523.61N/AN/A1,470,9102,576,42018,489,45012,467,210
2012-05-21$1.02$1.2958.1%16.7%70.0%40.3%60.0%7.6%3.6%-2.8M339.4M-2.6M0.887.17N/AN/A1,342,8801,175,09011,053,7009,372,650
2012-05-22$0.97$1.2960.2%17.3%52.3%42.9%62.1%7.9%2.8%-3.2M397.6M-2.3M1.345.84N/AN/A1,506,9602,015,16011,661,6509,615,970
2012-05-23$1.03$1.2557.1%16.4%58.4%38.9%59.9%7.8%4.3%-1.5M317.3M-2.6M1.188.31N/AN/A2,493,6802,938,04012,132,75010,123,190
2012-05-24$1.00$1.2158.4%16.7%58.5%40.5%59.0%8.1%4.6%-1.9M348.5M-2.6M1.076.62N/AN/A818,720880,04012,608,19010,807,370
2012-05-25$1.00$1.2154.5%17.3%58.6%35.6%60.9%7.8%3.8%96.4K344.2M-2.6M0.927.42N/AN/A1,397,4101,283,45012,670,35010,959,340
2012-05-29$0.99$1.2163.8%17.0%57.1%47.6%60.8%7.8%3.2%-3.3M376.0M-2.5M1.208.30N/AN/A845,9501,013,67012,416,81010,680,180
2012-05-30$0.96$1.2171.3%17.7%57.1%57.1%61.9%7.5%2.4%-4.3M419.5M-2.4M1.718.31N/AN/A689,2201,177,12012,667,76010,887,520
2012-05-31$0.91$1.2168.6%18.8%59.2%53.7%63.8%10.1%1.5%-6.0M488.9M-2.2M0.998.97N/AN/A1,891,8201,879,78012,822,74011,123,840