NFLX Options History — July 2012

In July 2012, NFLX traded between $0.81 and $1.21. ATM implied volatility averaged 67.1%, placing in the 46.3% IV rank vs the trailing year. The 30-day expected move averaged 19.5%. IV traded below realized volatility by 4.4% (HV 20d: 71.5%). Max pain ranged from $0.96 to $1.14. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.80.

Notable Days

  • 2012-07-25: Highest Volume — 15,313,900 contracts
  • 2012-07-25: Largest IV drop — 37.0% change
  • 2012-07-24: Highest IV Rank — 82.7%
  • 2012-07-24: Largest Expected Move — 26.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.08$0.81$1.21$0.97$0.81
Max Pain$1.06$0.96$1.14$0.96$1.04
ATM IV67.1%41.0%92.8%41.0%64.3%
Expected Move19.5%12.8%26.6%12.8%16.0%
HV 20d71.5%37.4%121.5%37.4%121.3%
HV 60d64.5%54.1%80.4%56.4%78.8%
IV Rank46.3%15.8%82.7%18.3%40.9%
IV Percentile60.1%3.2%97.6%3.2%58.3%
Term Structure-5.5%-20.4%17.5%17.5%-0.4%
VWIV68.1%45.0%91.6%45.0%56.4%
Skew 25d2.4%-1.1%4.1%4.1%2.6%
Skew 10d3.5%-2.7%6.9%6.8%3.8%
Call IV 25d66.9%42.8%88.9%42.8%56.2%
Put IV 25d69.3%46.9%92.6%46.9%58.8%
Bid-Ask Spread %5.703.717.716.433.75
Gamma HHI0.110.050.520.070.12
Net GEX2.3M-7.1M25.5M372.6K-4.8M
Net DEX42.0M-244.4M579.5M167.2M437.1M
Net VEX-2.5M-3.1M-1.7M-2.0M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.441.460.831.30
Total Volume4,830,740701,68015,313,900701,6801,879,150
Total OI23,238,18018,361,28030,289,56018,361,28026,079,760

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-07-02$0.97$0.9641.0%12.8%37.4%18.3%45.0%4.1%17.5%372.6K167.2M-2.0M0.836.43N/AN/A383,740317,94010,510,0107,851,270
2012-07-03$1.03$0.9644.6%13.0%42.5%15.8%46.5%3.4%16.3%3.1M68.1M-2.2M0.446.94N/AN/A2,152,500938,56010,651,7607,946,610
2012-07-05$1.17$0.9658.3%15.1%60.4%34.9%54.0%-1.1%15.2%4.8M-203.1M-2.6M0.676.13N/AN/A6,315,1204,200,84011,203,9208,124,270
2012-07-06$1.17$1.0462.6%20.4%59.5%41.0%70.8%2.1%-9.1%4.9M-230.6M-2.9M0.726.23N/AN/A5,134,8503,692,85012,711,7909,652,440
2012-07-09$1.19$1.0770.9%20.7%59.5%52.6%72.4%1.8%-9.0%4.9M-177.3M-2.9M0.685.10N/AN/A2,313,4301,575,56012,344,7809,653,140
2012-07-10$1.15$1.0763.2%20.7%58.7%40.7%72.5%3.7%-9.1%3.1M-70.3M-2.8M0.677.71N/AN/A1,893,5001,274,14012,698,9809,946,020
2012-07-11$1.17$1.0756.8%21.2%58.5%31.4%73.9%1.7%-10.1%4.2M-125.0M-2.9M0.646.37N/AN/A2,630,3901,678,67012,860,26010,127,670
2012-07-12$1.21$1.0774.8%21.4%59.0%57.2%75.4%2.5%-10.5%7.5M-244.4M-3.1M0.646.06N/AN/A2,071,3001,333,22013,277,81010,387,860
2012-07-13$1.21$1.0773.9%21.2%58.9%54.9%73.8%3.6%-10.5%25.5M-236.4M-3.0M0.626.52N/AN/A2,409,9601,505,28013,490,54010,632,300
2012-07-16$1.19$1.0775.5%21.6%59.0%57.3%75.6%4.1%-11.4%3.9M-146.7M-2.9M0.704.71N/AN/A1,366,190953,96012,679,03010,081,330
2012-07-17$1.17$1.0776.4%21.9%59.7%58.6%76.9%2.5%-12.0%2.3M-103.8M-2.9M0.646.04N/AN/A1,333,010846,86012,803,84010,244,220
2012-07-18$1.16$1.1175.9%21.8%58.4%57.9%76.0%2.4%-12.1%1.5M-90.2M-2.8M1.277.15N/AN/A759,920961,94013,070,82010,449,950
2012-07-19$1.19$1.1178.7%22.6%57.4%62.0%78.4%1.6%-13.6%4.7M-153.8M-2.8M0.523.71N/AN/A1,986,9501,025,50012,984,79010,653,230
2012-07-20$1.17$1.1179.2%22.7%55.8%62.7%78.5%-0.1%-14.4%1.4M-105.2M-2.8M0.764.97N/AN/A1,681,6101,274,56013,417,46010,893,890
2012-07-23$1.14$1.1188.9%25.5%56.6%76.9%88.3%-0.2%-18.6%1.5M16.4M-2.8M0.615.56N/AN/A2,650,3401,605,45011,213,4408,531,670
2012-07-24$1.15$1.1492.8%26.6%56.1%82.7%91.6%3.7%-20.4%2.3M-13.6M-2.9M0.847.26N/AN/A5,949,5805,020,40012,194,3509,163,490
2012-07-25$0.86$1.1458.5%16.8%119.5%32.3%58.5%1.1%-2.1%-7.1M565.0M-1.7M1.255.68N/AN/A6,791,3308,522,57014,617,68011,128,670
2012-07-26$0.81$1.0756.7%16.3%120.9%29.7%57.7%3.6%-0.7%-6.9M579.5M-1.7M1.464.21N/AN/A3,054,2404,461,59016,243,57012,162,010
2012-07-27$0.84$1.0451.4%14.8%121.5%21.9%52.8%4.0%1.4%-4.3M526.1M-1.9M1.054.11N/AN/A1,791,9301,880,41017,317,79012,971,770
2012-07-30$0.82$1.0064.8%15.9%121.3%41.6%56.0%3.7%-0.8%-4.1M424.0M-1.8M0.515.07N/AN/A2,532,8801,293,32014,109,90010,917,690
2012-07-31$0.81$1.0464.3%16.0%121.3%40.9%56.4%2.6%-0.4%-4.8M437.1M-1.7M1.303.75N/AN/A815,6401,063,51015,099,28010,980,480