NFLX Options History — January 2013

In January 2013, NFLX traded between $1.31 and $2.42. ATM implied volatility averaged 64.0%, placing in the 41.8% IV rank vs the trailing year. The 30-day expected move averaged 19.2%. IV traded above realized volatility by 0.7% (HV 20d: 63.3%). Max pain ranged from $1.25 to $2.29. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.93.

Notable Days

  • 2013-01-25: Highest Volume — 20,923,560 contracts
  • 2013-01-10: Largest IV spike — 43.0% change
  • 2013-01-23: Highest IV Rank — 64.7%
  • 2013-01-23: Largest Expected Move — 22.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.67$1.31$2.42$1.31$2.36
Max Pain$1.54$1.25$2.29$1.25$2.29
ATM IV64.0%45.4%79.1%53.0%63.1%
Expected Move19.2%14.4%22.7%14.4%18.1%
HV 20d63.3%33.3%131.0%57.0%131.0%
HV 60d70.9%62.3%90.8%70.1%85.7%
IV Rank41.8%13.5%64.7%25.1%40.5%
IV Percentile65.4%5.6%94.8%36.9%71.4%
Term Structure-4.7%-16.2%17.7%17.7%-3.2%
VWIV66.9%51.4%79.1%51.4%63.6%
Skew 25d3.2%-3.2%9.4%-2.7%2.4%
Skew 10d5.0%-7.4%14.3%-7.4%5.0%
Call IV 25d65.0%49.1%72.4%52.7%62.8%
Put IV 25d68.2%50.0%81.9%50.0%65.2%
Bid-Ask Spread %7.852.9324.284.1214.66
Gamma HHI0.130.070.390.100.07
Net GEX7.3M1.8M13.0M7.3M2.6M
Net DEX-723.2M-1.92B-239.9M-311.7M-1.23B
Net VEX-2.7M-4.2M-1.9M-2.3M-4.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.581.430.820.81
Total Volume6,344,806.6672,128,70020,923,5602,128,7006,650,630
Total OI23,243,473.33313,372,80027,407,94021,964,81027,407,940

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-01-02$1.31$1.2553.0%14.4%57.0%25.1%51.4%-2.7%17.7%7.3M-311.7M-2.3M0.824.12N/AN/A1,171,870956,83012,271,4209,693,390
2013-01-03$1.38$1.2950.7%15.1%38.0%21.7%53.0%-3.2%16.1%11.8M-474.6M-2.3M0.624.95N/AN/A3,070,0601,905,33012,534,0609,961,350
2013-01-04$1.37$1.3245.4%19.3%34.6%13.5%67.0%2.6%-6.3%9.2M-465.9M-2.4M0.839.16N/AN/A1,475,3201,228,01013,250,02010,497,130
2013-01-07$1.42$1.3258.1%19.8%34.6%32.9%69.3%1.8%-7.0%10.4M-530.5M-2.4M0.987.87N/AN/A3,418,3103,358,53012,671,54010,231,970
2013-01-08$1.39$1.3661.8%20.1%35.8%38.4%70.1%1.8%-7.5%8.7M-440.3M-2.5M0.787.96N/AN/A1,734,3901,348,90013,186,53010,952,340
2013-01-09$1.37$1.3647.2%19.5%35.8%16.3%67.1%2.3%-7.0%6.9M-354.4M-2.4M0.584.10N/AN/A1,493,660872,41013,257,86011,234,160
2013-01-10$1.40$1.3667.5%19.4%36.1%47.1%66.8%2.4%-7.0%12.4M-464.8M-2.4M0.595.16N/AN/A2,361,3801,385,65013,522,81011,340,280
2013-01-11$1.45$1.3670.1%20.1%33.3%51.0%69.7%3.6%-7.3%10.0M-635.9M-2.4M0.872.93N/AN/A2,915,4302,536,10013,795,95011,712,400
2013-01-14$1.48$1.3670.6%20.2%33.4%51.7%70.7%3.8%-7.9%10.6M-627.8M-2.4M0.983.81N/AN/A1,634,3601,600,62013,132,98011,549,580
2013-01-15$1.45$1.3670.4%20.2%34.3%51.5%69.3%5.6%-8.0%9.1M-540.0M-2.4M0.704.84N/AN/A1,578,1501,105,02013,224,96011,955,860
2013-01-16$1.39$1.3972.3%20.7%37.8%54.3%71.0%4.4%-9.0%4.0M-334.9M-2.4M1.374.00N/AN/A1,531,4602,098,67013,313,44012,197,290
2013-01-17$1.40$1.3972.6%20.8%37.7%54.8%71.9%4.8%-9.9%4.6M-341.3M-2.3M0.864.35N/AN/A1,770,7201,516,69013,280,40012,340,230
2013-01-18$1.42$1.3970.8%20.3%37.3%52.2%70.1%5.7%-8.6%13.0M-406.7M-2.3M1.025.57N/AN/A2,685,2002,729,37013,551,65012,635,980
2013-01-22$1.40$1.3970.7%20.3%37.7%51.9%69.4%4.4%-10.7%1.8M-239.9M-2.3M1.174.97N/AN/A1,427,4401,672,5106,298,5307,074,270
2013-01-23$1.48$1.3979.1%22.7%40.6%64.7%79.1%9.4%-16.2%3.4M-365.8M-2.4M1.436.94N/AN/A4,068,6105,826,3806,799,3807,813,400
2013-01-24$2.01$1.4352.2%15.0%114.9%23.8%52.3%7.8%-1.2%6.2M-1.44B-1.9M1.055.60N/AN/A8,259,3708,645,3508,248,52010,143,280
2013-01-25$2.42$0.0069.3%20.1%128.4%49.9%72.0%4.3%-2.4%5.8M-1.92B-3.0M1.3724.28N/AN/A8,810,13012,113,4309,664,62013,113,170
2013-01-28$2.32$2.2966.3%19.0%130.7%45.3%66.8%1.8%-3.9%2.0M-1.28B-3.7M0.9613.81N/AN/A6,236,6506,002,5009,058,56013,137,950
2013-01-29$2.42$2.2967.7%19.3%129.8%47.4%68.4%1.4%-4.8%5.5M-1.45B-3.9M0.906.63N/AN/A4,179,8403,762,92010,813,25014,722,610
2013-01-30$2.40$2.2965.1%18.7%130.6%43.5%65.9%3.5%-4.2%7.0M-1.34B-4.1M0.7819.17N/AN/A3,433,7102,669,03011,466,98015,054,900
2013-01-31$2.36$2.2963.1%18.1%131.0%40.5%63.6%2.4%-3.2%2.6M-1.23B-4.2M0.8114.66N/AN/A3,667,5802,983,05011,941,02015,466,920