NFLX Options History — February 2014

In February 2014, NFLX traded between $5.78 and $6.47. ATM implied volatility averaged 34.1%, placing in the 5.4% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded below realized volatility by 18.2% (HV 20d: 52.2%). Max pain ranged from $5.71 to $6.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 1.09.

Notable Days

  • 2014-02-07: Highest Volume — 11,689,230 contracts
  • 2014-02-24: Largest IV spike — 7.9% change
  • 2014-02-03: Highest IV Rank — 8.8%
  • 2014-02-05: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.16$5.78$6.47$5.78$6.37
Max Pain$5.96$5.71$6.00$5.71$6.00
ATM IV34.1%32.4%35.9%35.9%34.1%
Expected Move12.5%12.3%12.8%12.5%12.5%
HV 20d52.2%26.2%65.7%65.7%27.2%
HV 60d41.8%41.0%42.2%41.8%42.1%
IV Rank5.4%2.5%8.8%8.8%5.5%
IV Percentile6.7%0.4%16.7%12.7%8.3%
Term Structure0.2%-0.7%1.6%-0.7%0.5%
VWIV42.9%40.4%44.7%43.5%43.5%
Skew 25d2.0%1.0%2.9%2.4%2.0%
Skew 10d4.1%1.8%5.8%5.3%4.2%
Call IV 25d33.3%31.8%35.1%35.1%33.1%
Put IV 25d35.3%32.8%37.5%37.5%35.1%
Bid-Ask Spread %15.318.4519.1716.3414.51
Gamma HHI0.110.040.490.050.18
Net GEX37.1M-37.5M171.6M31.0M-37.5M
Net DEX-2.20B-3.19B-1.62B-1.85B-1.62B
Net VEX-7.8M-8.1M-7.3M-7.8M-8.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.090.791.580.951.15
Total Volume4,444,753.1582,730,77011,689,2303,416,6305,078,360
Total OI17,163,414.21112,661,46020,089,58015,883,00016,763,880

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-02-03$5.78$5.7135.9%12.5%65.7%8.8%43.5%2.4%-0.7%31.0M-1.85B-7.8M0.9516.34N/AN/A1,754,4101,662,2207,382,3408,500,660
2014-02-04$5.80$5.7134.9%12.6%65.4%7.0%43.5%2.9%-0.5%31.5M-1.87B-7.8M1.1110.05N/AN/A1,512,4901,685,2507,672,7008,988,140
2014-02-05$5.78$6.0034.8%12.8%61.1%6.8%42.2%2.5%0.4%27.1M-1.80B-7.9M1.088.45N/AN/A1,731,4501,868,5107,890,4009,314,060
2014-02-06$5.83$6.0033.9%12.6%61.1%5.2%44.5%2.8%-0.1%51.6M-2.01B-7.7M0.9914.02N/AN/A1,464,6101,451,5208,039,0109,616,320
2014-02-07$6.14$6.0034.6%12.6%62.5%6.3%44.0%2.6%0.1%171.6M-3.19B-7.5M0.7911.41N/AN/A6,539,6105,149,6208,232,8409,842,140
2014-02-10$6.15$6.0034.6%12.4%61.8%6.4%43.7%2.9%-0.3%49.8M-2.52B-7.8M0.9717.18N/AN/A1,788,6401,738,8007,501,4809,298,170
2014-02-11$6.20$5.8633.6%12.4%61.9%4.5%43.3%2.3%-0.4%53.0M-2.67B-7.9M1.0513.26N/AN/A1,939,7702,033,0807,777,9809,814,560
2014-02-12$6.13$6.0032.7%12.4%62.4%3.0%41.3%1.5%-0.4%36.2M-2.37B-7.9M1.5815.68N/AN/A1,481,6202,338,3508,013,74010,302,670
2014-02-13$6.24$6.0033.5%12.4%61.1%4.4%42.2%1.4%-0.4%87.5M-2.78B-7.9M0.9913.10N/AN/A3,132,5703,087,8408,366,40010,939,110
2014-02-14$6.22$6.0032.7%12.3%61.2%3.0%41.9%1.0%-0.2%-11.3M-2.66B-7.9M1.0916.40N/AN/A2,152,7102,338,6308,708,70011,380,880
2014-02-18$6.24$6.0033.8%12.3%61.0%4.9%40.4%1.4%1.0%38.8M-2.47B-7.7M1.0216.84N/AN/A1,770,5101,812,6507,597,3109,823,030
2014-02-19$6.12$6.0032.6%12.4%61.9%2.8%42.9%1.3%1.6%3.6M-2.02B-7.8M1.2017.91N/AN/A1,831,6202,202,1307,933,38010,292,100
2014-02-20$6.21$6.0033.4%12.6%61.9%4.2%44.2%1.3%0.9%26.3M-2.19B-7.6M1.2217.41N/AN/A1,473,9901,794,8707,796,74010,402,070
2014-02-21$6.17$6.0032.4%12.6%33.7%2.5%42.1%1.0%1.1%-26.2M-2.07B-7.3M1.0716.77N/AN/A1,878,4502,015,3707,973,49010,568,390
2014-02-24$6.39$6.0035.0%12.4%34.8%7.1%44.7%2.3%-0.0%35.3M-1.78B-7.3M1.0619.17N/AN/A3,203,2703,389,3305,708,0806,953,380
2014-02-25$6.47$6.0035.6%12.6%34.1%8.2%42.2%2.3%0.1%54.0M-2.06B-7.8M1.0918.39N/AN/A2,479,2602,693,3906,525,4008,127,420
2014-02-26$6.41$6.0034.7%12.5%27.4%6.5%42.8%2.3%0.4%31.1M-1.84B-8.1M1.3118.81N/AN/A1,405,7401,838,9006,994,2608,775,480
2014-02-27$6.46$6.0034.7%12.5%26.2%6.6%42.2%2.6%0.3%51.0M-2.00B-8.1M0.9915.13N/AN/A1,370,9501,359,8207,161,3509,126,810
2014-02-28$6.37$6.0034.1%12.5%27.2%5.5%43.5%2.0%0.5%-37.5M-1.62B-8.0M1.1514.51N/AN/A2,357,6002,720,7607,470,0509,293,830