NFLX Options History — March 2014

In March 2014, NFLX traded between $5.03 and $6.50. ATM implied volatility averaged 42.3%, placing in the 20.6% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 16.5% (HV 20d: 25.8%). Max pain ranged from $5.71 to $6.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.98.

Notable Days

  • 2014-03-21: Highest Volume — 9,875,740 contracts
  • 2014-03-24: Largest IV spike — 45.9% change
  • 2014-03-28: Highest IV Rank — 63.2%
  • 2014-03-25: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.93$5.03$6.50$6.37$5.03
Max Pain$5.96$5.71$6.00$6.00$5.71
ATM IV42.3%30.9%65.8%35.7%65.6%
Expected Move12.7%12.4%13.0%12.5%12.9%
HV 20d25.8%20.4%31.2%27.1%30.3%
HV 60d43.0%41.9%45.5%42.1%45.5%
IV Rank20.6%0.0%63.2%8.3%62.9%
IV Percentile30.1%0.0%82.1%18.7%82.1%
Term Structure3.9%-5.4%21.6%0.5%-3.7%
VWIV43.7%41.0%45.7%44.7%42.9%
Skew 25d3.7%2.3%5.9%2.5%3.5%
Skew 10d6.2%2.1%9.0%5.2%2.1%
Call IV 25d40.8%29.6%65.4%34.5%62.0%
Put IV 25d44.5%32.8%68.8%37.0%65.6%
Bid-Ask Spread %12.619.0116.7716.7714.80
Gamma HHI0.080.030.360.030.04
Net GEX-19.7M-110.5M44.2M10.9M-9.8M
Net DEX-590.6M-2.01B888.6M-1.57B540.7M
Net VEX-7.9M-8.3M-7.0M-8.1M-7.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.980.671.271.140.84
Total Volume4,980,883.3332,363,3409,875,7403,102,6104,445,350
Total OI15,523,556.66711,485,88017,503,01014,162,82013,294,680

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-03-03$6.37$6.0035.7%12.5%27.1%8.3%44.7%2.5%0.5%10.9M-1.57B-8.1M1.1416.77N/AN/A1,448,5101,654,1006,304,2007,858,620
2014-03-04$6.50$6.0034.3%12.5%27.0%5.9%41.0%2.3%-0.1%44.2M-2.01B-8.1M1.1514.98N/AN/A1,497,6501,718,9206,636,3508,313,270
2014-03-05$6.48$6.0033.1%12.5%27.2%3.6%42.3%2.8%0.8%42.8M-1.91B-8.1M0.9814.63N/AN/A1,192,5201,170,8206,855,9408,760,570
2014-03-06$6.44$6.0032.3%12.5%27.3%2.1%42.3%2.9%1.1%25.7M-1.75B-8.0M0.9614.95N/AN/A1,492,0501,425,8307,165,1309,042,180
2014-03-07$6.41$6.0030.9%12.4%27.6%0.0%44.5%3.2%0.6%-6.5M-1.60B-7.9M1.2115.32N/AN/A2,058,2102,485,0007,335,9309,211,580
2014-03-10$6.28$6.0032.9%12.5%22.2%3.6%44.3%4.5%0.4%-6.7M-1.24B-7.9M1.0310.20N/AN/A2,204,3702,270,1006,324,8508,077,440
2014-03-11$6.25$6.0032.7%12.4%22.4%3.3%44.9%4.0%0.9%-16.6M-1.16B-8.1M0.9611.59N/AN/A1,465,4501,401,6806,855,1708,729,700
2014-03-12$6.24$6.0032.9%12.5%22.2%3.5%41.9%4.6%0.3%-28.6M-1.11B-8.3M0.9410.54N/AN/A1,512,2101,420,6507,179,6208,994,580
2014-03-13$6.14$6.0034.1%12.6%22.5%5.8%44.2%4.5%0.8%-55.3M-775.4M-8.3M0.9611.69N/AN/A1,928,1501,851,2207,488,0409,183,090
2014-03-14$6.06$6.0034.8%12.7%21.9%7.0%43.7%4.7%0.3%-110.5M-426.0M-8.1M1.2713.31N/AN/A2,478,4203,142,0907,750,2609,435,720
2014-03-17$6.04$6.0035.3%12.7%22.0%7.8%45.1%3.9%18.5%-20.1M-696.1M-8.0M0.9710.14N/AN/A1,380,6801,340,9206,827,3108,360,380
2014-03-18$6.00$6.0034.0%12.7%21.9%5.5%42.2%3.9%20.3%-33.1M-568.7M-7.8M0.9510.80N/AN/A1,792,1401,699,8807,154,5608,635,060
2014-03-19$6.00$6.0033.9%12.7%20.9%5.4%45.6%2.9%20.6%-36.5M-624.7M-7.9M0.7612.94N/AN/A1,871,2401,418,8307,443,0308,910,300
2014-03-20$6.06$6.0034.6%12.7%20.4%6.7%44.8%2.9%20.3%1.8M-899.6M-7.6M0.8810.53N/AN/A3,181,9902,798,8807,506,2408,943,410
2014-03-21$5.80$6.0039.0%12.6%25.4%14.6%42.9%2.4%21.6%-88.1M182.0M-7.4M1.109.01N/AN/A4,708,1305,167,6107,925,8909,271,990
2014-03-24$5.41$6.0056.9%13.0%31.2%47.1%44.2%4.9%-5.4%-26.2M548.3M-7.0M0.9410.92N/AN/A4,627,0704,331,3205,364,7306,121,150
2014-03-25$5.30$6.0061.5%13.0%30.4%55.4%45.7%5.3%-4.5%-17.6M565.2M-7.4M1.0311.23N/AN/A3,460,2403,557,3306,771,5206,856,990
2014-03-26$5.32$6.0063.5%12.9%30.8%59.1%43.9%5.9%-2.7%-11.7M482.4M-7.8M0.6712.03N/AN/A3,550,3302,391,6907,538,9307,668,430
2014-03-27$5.20$5.7165.0%12.9%30.5%61.7%44.3%2.8%-4.2%-30.5M734.6M-8.1M0.7414.14N/AN/A4,517,2403,332,4208,403,6407,991,200
2014-03-28$5.13$5.7165.8%12.9%30.5%63.2%43.3%3.3%-4.7%-40.5M888.6M-8.0M1.0814.30N/AN/A4,427,7804,779,5309,220,6808,282,330
2014-03-31$5.03$5.7165.6%12.9%30.3%62.9%42.9%3.5%-3.7%-9.8M540.7M-7.6M0.8414.80N/AN/A2,420,8102,024,5406,683,6706,611,010