NFLX Options History — April 2013

In April 2013, NFLX traded between $2.33 and $3.10. ATM implied volatility averaged 70.8%, placing in the 51.2% IV rank vs the trailing year. The 30-day expected move averaged 20.2%. IV traded above realized volatility by 16.4% (HV 20d: 54.3%). Max pain ranged from $2.36 to $3.07. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.86.

Notable Days

  • 2013-04-23: Highest Volume — 17,291,260 contracts
  • 2013-04-23: Largest IV drop — 39.3% change
  • 2013-04-10: Highest IV Rank — 75.3%
  • 2013-04-10: Largest Expected Move — 24.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.61$2.33$3.10$2.61$3.09
Max Pain$2.62$2.36$3.07$2.64$3.07
ATM IV70.8%42.2%86.1%74.5%42.2%
Expected Move20.2%12.1%24.7%20.9%12.1%
HV 20d54.3%37.6%92.3%39.2%88.4%
HV 60d77.3%58.1%85.3%84.2%61.3%
IV Rank51.2%6.6%75.3%57.7%6.6%
IV Percentile71.3%1.6%98.4%90.1%1.6%
Term Structure-8.1%-18.0%0.4%-7.8%0.4%
VWIV70.4%42.7%85.6%72.0%42.7%
Skew 25d5.4%1.9%9.5%5.1%1.9%
Skew 10d9.1%4.0%14.3%8.9%4.0%
Call IV 25d67.4%41.1%81.4%69.7%41.6%
Put IV 25d72.8%43.5%89.9%74.8%43.5%
Bid-Ask Spread %5.952.3012.744.109.26
Gamma HHI0.100.050.550.070.09
Net GEX6.9M-56.6M50.4M1.2M25.7M
Net DEX-787.6M-2.53B18.5M-586.6M-1.48B
Net VEX-5.2M-5.7M-4.7M-4.7M-5.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.661.140.910.70
Total Volume6,593,885.4553,113,18017,291,2604,042,0103,949,120
Total OI23,557,144.54518,882,71027,657,21019,649,63023,015,720

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-04-01$2.61$2.6474.5%20.9%39.2%57.7%72.0%5.1%-7.8%1.2M-586.6M-4.7M0.914.10N/AN/A2,114,8401,927,1709,699,4109,950,220
2013-04-02$2.52$2.6477.2%21.9%37.6%61.8%75.6%4.1%-9.2%-11.5M-361.6M-4.7M1.083.37N/AN/A2,591,8902,796,64010,172,47010,417,890
2013-04-03$2.42$2.6477.6%22.2%40.0%62.4%77.1%6.5%-10.4%-16.2M-82.5M-4.7M0.855.12N/AN/A6,964,3705,897,57010,895,85010,867,640
2013-04-04$2.38$2.5078.1%22.4%40.2%63.1%77.2%7.4%-10.2%-12.3M-43.4M-5.2M1.104.08N/AN/A3,155,8803,472,91012,378,45011,747,400
2013-04-05$2.35$2.5079.3%22.7%40.3%65.0%78.3%6.9%-10.1%-56.6M18.5M-5.2M0.983.12N/AN/A3,485,0903,401,30012,781,09011,937,590
2013-04-08$2.33$2.5084.2%24.2%39.4%72.5%84.0%7.5%-12.2%-3.8M-153.6M-5.0M0.883.44N/AN/A3,204,6702,826,18011,094,86010,694,390
2013-04-09$2.42$2.5085.7%24.6%41.8%74.6%85.2%9.5%-13.6%8.9M-459.3M-5.3M0.682.69N/AN/A3,058,1602,082,57011,897,27011,203,780
2013-04-10$2.37$2.5086.1%24.7%42.0%75.3%85.6%8.4%-13.9%3.2M-289.0M-5.2M0.803.90N/AN/A2,042,3201,630,44012,314,96011,525,920
2013-04-11$2.47$0.0079.2%23.0%39.6%64.1%80.4%7.2%-6.2%21.2M-630.9M-5.3M0.732.30N/AN/A3,055,8502,217,39012,474,14011,698,750
2013-04-12$2.47$2.5080.0%23.5%39.2%65.3%84.3%7.2%-6.7%7.1M-607.6M-5.3M0.933.07N/AN/A3,474,3803,213,91012,848,08012,014,450
2013-04-15$2.52$2.5783.0%22.9%39.6%69.9%78.4%7.4%-16.3%11.2M-716.2M-5.3M0.824.77N/AN/A4,088,1403,362,31011,255,30011,125,030
2013-04-16$2.51$2.5782.6%23.1%39.5%69.3%79.7%6.6%-17.1%10.5M-682.7M-5.3M0.795.96N/AN/A2,227,1901,761,27011,846,73011,747,330
2013-04-17$2.42$2.5783.3%23.6%40.9%70.4%80.9%5.2%-18.0%-463.2K-404.5M-5.2M0.665.16N/AN/A2,895,0601,896,30012,188,40011,914,420
2013-04-18$2.34$2.5781.7%23.4%41.9%67.9%82.2%4.1%-4.7%-7.4M-215.8M-5.0M0.935.03N/AN/A2,410,5202,238,18012,828,20011,787,090
2013-04-19$2.33$2.5779.3%23.0%41.9%64.3%80.4%4.6%-4.4%-783.3K-213.0M-4.9M1.144.86N/AN/A2,251,6902,570,75012,986,47011,721,150
2013-04-22$2.49$2.3678.6%22.0%48.8%63.1%77.3%5.3%-13.0%8.7M-656.8M-5.1M0.8110.52N/AN/A7,357,4205,994,5209,778,2309,104,480
2013-04-23$3.10$2.5047.7%13.7%92.3%15.1%48.0%2.2%-1.9%50.4M-2.53B-5.1M0.7712.74N/AN/A9,774,7307,516,53012,812,03011,533,830
2013-04-24$3.10$2.7147.0%13.5%90.9%14.2%47.0%2.9%-1.4%41.8M-2.14B-5.7M0.8711.42N/AN/A4,634,5604,034,52013,328,49013,314,210
2013-04-25$3.05$2.7944.7%12.8%91.1%10.5%45.6%2.8%-0.9%22.7M-1.82B-5.7M0.878.29N/AN/A2,543,2402,205,21013,550,11014,107,100
2013-04-26$3.08$2.7942.3%12.2%91.0%6.7%43.0%2.4%-0.4%25.8M-1.83B-5.5M0.898.02N/AN/A2,982,2102,645,30013,165,88014,389,480
2013-04-29$3.07$3.0742.4%12.1%89.6%6.9%43.3%2.7%0.1%22.9M-1.45B-5.4M0.839.67N/AN/A1,704,0101,409,17010,878,14011,264,750
2013-04-30$3.09$3.0742.2%12.1%88.4%6.6%42.7%1.9%0.4%25.7M-1.48B-5.5M0.709.26N/AN/A2,324,8401,624,28011,244,94011,770,780