NFLX Options History — January 2014

In January 2014, NFLX traded between $4.70 and $5.85. ATM implied volatility averaged 51.6%, placing in the 37.3% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 13.3% (HV 20d: 38.3%). Max pain ranged from $4.57 to $5.71. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.96.

Notable Days

  • 2014-01-23: Highest Volume — 20,230,210 contracts
  • 2014-01-23: Largest IV drop — 35.6% change
  • 2014-01-14: Highest IV Rank — 60.8%
  • 2014-01-02: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.13$4.70$5.85$5.18$5.85
Max Pain$4.84$4.57$5.71$4.57$5.71
ATM IV51.6%33.6%64.5%59.6%34.2%
Expected Move12.4%12.0%13.0%13.0%12.1%
HV 20d38.3%20.1%65.7%21.2%65.4%
HV 60d38.1%28.3%42.2%42.2%41.7%
IV Rank37.3%4.6%60.8%51.9%5.6%
IV Percentile48.6%3.6%75.0%67.9%5.2%
Term Structure-5.0%-11.3%1.9%-3.9%0.3%
VWIV42.9%38.8%46.5%44.2%42.4%
Skew 25d3.7%2.1%5.2%4.2%2.1%
Skew 10d7.3%3.9%10.6%8.7%4.3%
Call IV 25d49.8%32.1%62.1%58.6%33.4%
Put IV 25d53.5%34.8%66.1%62.8%35.5%
Bid-Ask Spread %7.913.7018.823.7018.82
Gamma HHI0.090.030.380.060.38
Net GEX23.2M-41.2M190.7M-16.0M190.7M
Net DEX-1.17B-3.14B-72.6M-1.11B-2.78B
Net VEX-6.5M-8.1M-5.7M-6.0M-7.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.711.261.260.93
Total Volume6,446,293.3333,072,86020,230,2103,072,8608,061,270
Total OI18,109,463.33311,880,19022,767,08017,146,01019,383,560

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-01-02$5.18$4.5759.6%13.0%21.2%51.9%44.2%4.2%-3.9%-16.0M-1.11B-6.0M1.263.70N/AN/A1,359,6101,713,2507,724,9209,421,090
2014-01-03$5.19$4.8659.4%13.0%20.1%51.4%46.5%3.3%-4.4%4.6M-1.17B-6.0M1.094.13N/AN/A1,494,5001,636,0407,981,4709,707,880
2014-01-06$5.14$4.8658.4%12.9%20.3%49.6%43.4%4.2%-6.8%1.9M-1.09B-5.8M0.713.82N/AN/A1,816,9901,283,3807,147,8408,891,190
2014-01-07$4.85$4.7160.0%12.8%28.7%52.6%45.1%4.0%-7.8%-26.9M-332.9M-5.7M1.024.19N/AN/A3,950,1004,011,6307,509,1109,212,280
2014-01-08$4.87$4.7159.8%12.7%28.8%52.2%43.4%3.4%-8.3%-13.7M-510.1M-6.2M0.945.35N/AN/A1,753,8501,642,9008,624,98010,119,060
2014-01-09$4.81$4.7160.0%12.6%27.6%52.6%43.5%3.4%-8.1%-38.3M-320.4M-6.2M0.924.13N/AN/A1,988,2101,835,4009,021,67010,462,060
2014-01-10$4.74$4.7161.1%12.6%27.8%54.6%43.3%3.6%-9.1%-41.2M-72.6M-6.0M1.224.82N/AN/A1,995,7702,439,4309,371,74010,756,970
2014-01-13$4.81$4.7163.5%12.6%26.4%59.0%42.3%3.4%-10.5%-5.4M-552.3M-6.1M0.873.83N/AN/A2,846,5502,463,0208,095,3609,830,590
2014-01-14$4.83$4.7164.5%12.5%26.5%60.8%44.7%4.0%-11.3%-3.5M-623.2M-6.2M0.924.68N/AN/A1,912,8901,762,2508,665,44010,243,940
2014-01-15$4.72$4.7163.5%12.4%27.2%59.0%42.4%5.2%-10.6%-27.9M-265.4M-5.9M1.004.55N/AN/A4,476,5004,497,9208,837,22010,530,520
2014-01-16$4.74$4.7156.3%12.4%25.4%45.8%43.9%3.8%-3.8%1.9M-485.7M-6.2M1.035.42N/AN/A2,106,4402,166,8509,814,84011,332,440
2014-01-17$4.71$4.7156.0%12.2%25.1%45.2%42.4%5.1%-4.4%22.8M-402.3M-6.0M1.044.89N/AN/A2,060,7302,146,9009,994,95011,452,840
2014-01-21$4.70$4.7158.1%12.3%25.0%49.1%41.4%4.4%-8.7%-1.4M-74.1M-5.9M1.006.19N/AN/A2,449,3702,446,2905,661,3906,218,800
2014-01-22$4.77$4.7153.8%12.2%26.2%41.3%42.5%4.3%-7.3%5.5M-258.7M-6.2M0.885.94N/AN/A5,739,3005,043,2206,774,6707,138,740
2014-01-23$5.55$4.7134.6%12.1%61.9%6.5%43.1%3.0%1.9%123.3M-3.14B-6.2M0.914.76N/AN/A10,580,0809,650,1309,590,7009,528,890
2014-01-24$5.52$4.8633.6%12.1%62.0%4.6%41.8%2.8%0.7%49.6M-2.60B-7.1M0.8311.15N/AN/A4,722,2003,926,65010,864,35011,902,730
2014-01-27$5.45$4.8636.6%12.0%62.1%10.0%38.8%3.1%-0.5%21.0M-1.33B-7.4M0.9017.51N/AN/A3,664,5003,288,8807,059,9207,890,750
2014-01-28$5.81$4.8638.9%12.0%65.3%14.2%41.7%4.7%-1.3%67.7M-2.57B-7.7M0.7714.67N/AN/A5,222,9804,029,1307,888,3708,504,020
2014-01-29$5.72$4.8636.8%12.3%65.7%10.5%42.5%3.1%-0.3%72.8M-2.34B-8.1M0.9117.17N/AN/A3,355,8003,053,5408,730,5409,576,210
2014-01-30$5.78$5.7134.9%12.2%65.7%6.9%41.6%2.5%-0.1%98.6M-2.53B-7.8M1.0116.50N/AN/A2,371,3202,406,3908,896,5109,938,180
2014-01-31$5.85$5.7134.2%12.1%65.4%5.6%42.4%2.1%0.3%190.7M-2.78B-7.7M0.9318.82N/AN/A4,167,2403,894,0308,990,24010,393,320