NFLX Options History — May 2013

In May 2013, NFLX traded between $2.95 and $3.48. ATM implied volatility averaged 42.3%, placing in the 6.8% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded below realized volatility by 26.3% (HV 20d: 68.6%). Max pain ranged from $2.86 to $3.36. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.87.

Notable Days

  • 2013-05-15: Highest Volume — 8,418,760 contracts
  • 2013-05-28: Largest IV spike — 13.3% change
  • 2013-05-29: Highest IV Rank — 17.1%
  • 2013-05-29: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.20$2.95$3.48$3.04$3.23
Max Pain$3.05$2.86$3.36$3.07$3.14
ATM IV42.3%39.3%48.9%41.1%47.3%
Expected Move12.1%11.2%14.0%11.8%13.6%
HV 20d68.6%32.4%86.9%86.9%44.4%
HV 60d59.8%58.9%61.0%60.4%60.7%
IV Rank6.8%2.1%17.1%4.9%14.5%
IV Percentile7.1%0.8%28.6%1.6%23.8%
Term Structure-0.0%-1.6%2.2%0.6%-0.9%
VWIV42.9%39.3%49.7%41.8%47.8%
Skew 25d0.6%-1.7%3.1%1.3%0.6%
Skew 10d1.7%-2.1%5.9%3.0%2.0%
Call IV 25d42.5%38.7%49.2%41.0%47.5%
Put IV 25d43.1%40.6%50.0%42.3%48.1%
Bid-Ask Spread %11.484.3425.267.298.66
Gamma HHI0.100.060.260.080.26
Net GEX21.2M-10.3M53.9M16.5M44.9M
Net DEX-1.35B-2.37B-668.5M-1.31B-1.32B
Net VEX-5.6M-6.1M-5.2M-5.5M-6.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.511.280.770.76
Total Volume4,810,552.7271,837,6408,418,7602,954,4906,481,930
Total OI22,811,580.90919,015,43025,859,96024,083,99023,001,580

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-05-01$3.04$3.0741.1%11.8%86.9%4.9%41.8%1.3%0.6%16.5M-1.31B-5.5M0.777.29N/AN/A1,666,1401,288,35011,648,63012,435,360
2013-05-02$3.06$3.0739.8%11.4%86.3%2.9%40.3%2.4%0.5%20.0M-1.38B-5.5M0.9422.60N/AN/A1,489,0401,403,57011,949,42012,536,300
2013-05-03$3.05$3.0739.3%11.2%86.0%2.1%39.3%1.9%0.8%18.7M-1.31B-5.4M1.0124.81N/AN/A1,507,3101,520,26012,074,16012,769,050
2013-05-06$3.01$3.0041.2%11.8%86.1%5.1%42.0%3.1%-0.4%14.5M-1.13B-5.4M1.1710.05N/AN/A2,061,6402,415,98010,763,13011,624,410
2013-05-07$2.95$3.0040.5%11.6%86.4%4.0%40.9%2.2%-0.3%6.5M-959.0M-5.3M0.9410.47N/AN/A1,362,6901,280,37011,294,57012,166,910
2013-05-08$2.98$3.0040.4%11.6%85.7%3.8%41.1%2.4%-0.5%12.0M-1.06B-5.3M0.808.63N/AN/A1,344,1401,072,19011,303,88012,292,070
2013-05-09$3.09$3.0040.4%11.6%85.5%3.8%40.9%1.0%-0.6%39.8M-1.45B-5.2M0.519.84N/AN/A5,239,0102,665,32011,384,03012,420,800
2013-05-10$3.11$3.0040.3%11.6%85.5%3.7%40.8%0.9%-0.4%23.8M-1.51B-5.4M0.6011.09N/AN/A2,569,6301,547,21011,788,63012,827,990
2013-05-13$3.28$3.0043.7%12.5%86.7%9.0%44.4%0.6%-1.6%38.7M-1.84B-5.3M0.685.09N/AN/A4,826,7103,292,59010,803,80011,938,710
2013-05-14$3.34$3.1440.9%11.7%86.5%4.6%41.3%0.3%-1.1%44.8M-2.01B-5.5M0.675.74N/AN/A4,406,5002,962,82011,459,70012,949,930
2013-05-15$3.48$3.2143.5%12.5%84.6%8.6%43.8%-1.7%-1.2%53.9M-2.37B-5.6M0.886.52N/AN/A4,472,9303,945,83011,577,72013,410,740
2013-05-16$3.39$0.0043.1%12.4%84.1%8.0%44.4%-1.4%-0.6%26.0M-1.80B-5.8M0.865.75N/AN/A3,282,8602,826,74011,401,46013,849,920
2013-05-17$3.41$3.3642.1%12.2%83.9%6.5%42.8%-0.8%-0.9%32.0M-1.87B-5.7M0.858.51N/AN/A2,887,2202,451,26011,732,91014,127,050
2013-05-20$3.42$2.8641.0%11.7%82.2%4.8%41.3%-0.1%2.2%23.5M-1.52B-5.7M1.0924.52N/AN/A1,261,0501,371,5109,020,8309,994,600
2013-05-21$3.39$2.8640.6%11.6%32.4%4.2%40.9%0.1%2.2%17.9M-1.41B-5.7M0.774.34N/AN/A1,040,410797,2309,285,01010,516,800
2013-05-22$3.27$2.9340.2%11.5%35.5%3.5%40.5%0.3%1.6%748.2K-1.05B-5.7M1.2818.10N/AN/A1,689,9402,161,7409,542,40010,726,520
2013-05-23$3.23$2.9340.9%11.7%35.3%4.6%41.9%-0.9%1.5%-10.3M-935.1M-5.7M0.9425.26N/AN/A1,679,3001,577,3109,740,29011,025,980
2013-05-24$3.27$2.9341.8%11.9%35.4%5.9%42.1%-0.9%1.1%12.5M-1.07B-5.7M0.8212.17N/AN/A1,917,3001,575,84010,078,46011,185,650
2013-05-28$3.06$3.2147.3%13.6%43.0%14.6%47.8%0.1%-0.7%1.8M-668.5M-5.6M0.847.84N/AN/A3,999,1703,378,8309,311,12010,125,850
2013-05-29$3.08$3.1448.9%14.0%43.0%17.1%49.7%0.8%-0.6%3.1M-720.2M-5.9M0.915.23N/AN/A3,302,5303,019,87010,504,34010,900,120
2013-05-30$3.18$3.1446.3%13.3%44.2%13.0%47.0%0.7%-0.9%25.5M-1.09B-6.1M0.959.97N/AN/A2,458,1902,331,70011,102,42011,261,530
2013-05-31$3.23$3.1447.3%13.6%44.4%14.5%47.8%0.6%-0.9%44.9M-1.32B-6.1M0.768.66N/AN/A3,682,0702,799,86011,346,02011,655,560