NFLX Options History — November 2012

In November 2012, NFLX traded between $1.09 and $1.19. ATM implied volatility averaged 57.2%, placing in the 31.4% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded below realized volatility by 22.2% (HV 20d: 79.4%). Max pain ranged from $0.96 to $1.07. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.89.

Notable Days

  • 2012-11-01: Highest Volume — 9,315,180 contracts
  • 2012-11-07: Largest IV drop — 23.0% change
  • 2012-11-06: Highest IV Rank — 61.7%
  • 2012-11-09: Largest Expected Move — 17.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.14$1.09$1.19$1.11$1.17
Max Pain$1.02$0.96$1.07$0.96$1.07
ATM IV57.2%47.6%77.1%65.2%49.4%
Expected Move15.7%13.7%17.3%17.2%14.3%
HV 20d79.4%22.6%107.8%107.8%22.6%
HV 60d70.4%68.0%70.9%70.6%68.0%
IV Rank31.4%16.9%61.7%43.6%19.7%
IV Percentile41.8%12.3%89.3%65.9%17.1%
Term Structure1.1%-4.8%3.9%-4.8%3.2%
VWIV55.4%48.1%61.6%61.6%51.4%
Skew 25d0.8%-1.9%3.5%-0.9%1.0%
Skew 10d1.7%-4.0%7.7%-4.0%0.3%
Call IV 25d55.2%48.6%62.0%62.0%50.8%
Put IV 25d56.0%48.4%62.1%61.0%51.8%
Bid-Ask Spread %6.384.308.878.338.87
Gamma HHI0.090.060.140.100.06
Net GEX7.0M4.1M10.1M9.1M5.0M
Net DEX-335.3M-477.7M-219.3M-477.7M-227.5M
Net VEX-2.9M-3.0M-2.6M-3.0M-2.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.511.241.041.15
Total Volume3,135,0401,125,3209,315,1809,315,1802,681,700
Total OI29,247,316.66725,178,86032,475,24030,931,67027,137,600

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-11-01$1.11$0.9665.2%17.2%107.8%43.6%61.6%-0.9%-4.8%9.1M-477.7M-3.0M1.048.33N/AN/A4,557,2804,757,90016,733,85014,197,820
2012-11-02$1.10$0.9663.8%16.6%103.1%41.4%59.1%-1.9%-3.4%7.1M-405.9M-3.0M0.877.40N/AN/A3,076,9902,668,96017,265,78015,209,460
2012-11-05$1.12$1.0072.5%15.9%101.2%54.7%55.8%3.5%1.4%8.3M-391.4M-2.9M0.695.40N/AN/A2,039,8001,407,35016,486,68013,626,620
2012-11-06$1.09$1.0077.1%16.2%101.8%61.7%57.0%3.4%-0.3%6.9M-297.5M-3.0M1.097.10N/AN/A1,846,1802,019,71016,799,09014,079,870
2012-11-07$1.11$1.0059.4%16.3%95.9%34.8%57.3%1.9%0.1%8.1M-351.3M-3.0M1.095.81N/AN/A1,379,9801,503,67017,064,46014,688,590
2012-11-08$1.09$1.0058.1%16.9%85.9%32.7%59.3%1.8%-0.4%5.6M-249.4M-2.9M0.996.55N/AN/A1,704,5001,684,97017,077,27014,782,880
2012-11-09$1.11$1.0059.8%17.3%86.1%35.3%60.9%2.7%-0.2%10.1M-338.6M-3.0M0.757.40N/AN/A2,121,4901,585,99017,190,39015,011,220
2012-11-12$1.12$1.0060.7%16.7%86.1%36.8%58.3%2.5%0.7%7.0M-350.0M-2.9M0.976.86N/AN/A1,104,6001,075,90016,526,93014,482,300
2012-11-13$1.14$1.0061.8%16.4%85.2%38.4%57.8%1.4%1.1%7.9M-401.5M-2.9M0.736.67N/AN/A1,974,0701,431,92016,596,16014,624,260
2012-11-14$1.14$1.0054.4%16.8%85.3%27.3%59.5%1.0%0.2%7.6M-402.0M-2.9M0.866.68N/AN/A1,401,1201,211,00016,707,39014,911,260
2012-11-15$1.16$1.0057.0%16.3%85.3%31.2%57.9%-0.2%0.9%9.5M-474.6M-2.9M0.957.53N/AN/A1,560,8601,481,76016,533,30014,946,890
2012-11-16$1.16$1.0053.8%15.4%84.9%26.3%54.2%-1.9%2.1%7.7M-457.8M-2.8M0.967.03N/AN/A2,790,4102,686,04016,696,89015,243,200
2012-11-19$1.16$1.0451.4%14.7%84.4%22.7%51.9%-0.8%3.0%4.9M-264.6M-2.8M0.844.30N/AN/A1,199,4501,006,95013,803,16011,375,700
2012-11-20$1.18$1.0452.1%14.9%82.7%23.7%52.8%0.6%3.0%6.1M-295.9M-2.9M0.585.28N/AN/A1,609,720931,21014,067,62011,605,020
2012-11-21$1.19$1.0449.7%14.3%81.8%20.1%50.7%0.9%3.5%7.5M-314.0M-2.8M0.944.73N/AN/A1,016,610958,09014,450,24011,763,010
2012-11-23$1.18$1.0751.0%14.6%81.9%22.1%52.2%1.6%2.3%5.7M-299.5M-2.8M0.804.62N/AN/A628,950502,18014,607,04012,043,990
2012-11-26$1.17$1.0751.5%14.8%64.9%22.8%52.2%1.2%2.7%5.6M-266.6M-2.7M0.865.73N/AN/A880,600761,46014,141,89011,738,230
2012-11-27$1.19$1.0752.7%15.1%64.9%24.6%53.6%0.2%1.7%6.2M-299.9M-2.7M0.516.89N/AN/A1,217,510619,36014,364,14012,005,630
2012-11-28$1.17$1.0751.4%14.7%51.2%22.6%52.1%-0.4%2.1%5.9M-256.2M-2.7M0.846.06N/AN/A611,310514,01014,496,37012,218,640
2012-11-29$1.16$1.0747.6%13.7%23.9%16.9%48.1%-0.3%3.9%4.1M-219.3M-2.6M1.244.77N/AN/A724,220900,06014,570,50012,322,310
2012-11-30$1.17$1.0749.4%14.3%22.6%19.7%51.4%1.0%3.2%5.0M-227.5M-2.7M1.158.87N/AN/A1,245,3001,436,40014,643,86012,493,740