NFLX Options History — April 2014

In April 2014, NFLX traded between $4.49 and $5.33. ATM implied volatility averaged 56.5%, placing in the 46.9% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 11.8% (HV 20d: 44.7%). Max pain ranged from $5.71 to $5.71. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.95.

Notable Days

  • 2014-04-22: Highest Volume — 14,125,090 contracts
  • 2014-04-22: Largest IV drop — 38.0% change
  • 2014-04-07: Highest IV Rank — 70.1%
  • 2014-04-07: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.87$4.49$5.33$5.21$4.60
Max Pain$5.71$5.71$5.71$5.71$5.71
ATM IV56.5%36.9%69.6%63.1%41.0%
Expected Move12.7%12.1%13.0%12.6%12.7%
HV 20d44.7%32.7%57.0%32.7%55.2%
HV 60d44.2%36.8%48.5%46.1%41.1%
IV Rank46.9%11.0%70.1%58.3%18.7%
IV Percentile68.7%27.8%87.3%77.0%49.2%
Term Structure-3.1%-6.9%-0.5%-4.4%-0.6%
VWIV44.1%41.2%48.1%44.6%43.8%
Skew 25d4.8%1.8%7.6%5.0%5.7%
Skew 10d7.6%2.3%13.7%7.9%10.2%
Call IV 25d53.5%34.5%66.0%59.3%39.2%
Put IV 25d58.3%39.6%69.0%64.3%44.8%
Bid-Ask Spread %14.1011.5919.4215.6314.37
Gamma HHI0.080.030.610.030.06
Net GEX3.3M-43.4M114.2M6.6M-8.3M
Net DEX358.2M-1.35B1.37B136.0M508.1M
Net VEX-7.9M-8.5M-7.4M-8.3M-8.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.641.450.811.13
Total Volume7,644,8003,804,36014,125,0904,850,4405,884,410
Total OI17,296,09012,683,72021,171,36015,167,32018,752,930

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-04-01$5.21$5.7163.1%12.6%32.7%58.3%44.6%5.0%-4.4%6.6M136.0M-8.3M0.8115.63N/AN/A2,684,3602,166,0807,750,1907,417,130
2014-04-02$5.18$5.7163.0%12.7%32.7%58.2%43.8%5.1%-4.1%11.5M107.2M-8.4M0.8313.17N/AN/A2,823,2402,342,2008,379,6307,838,250
2014-04-03$5.07$5.7165.5%12.8%32.9%62.7%44.0%5.0%-4.3%-18.3M489.0M-8.2M0.8112.02N/AN/A3,681,0902,986,4808,650,3208,097,180
2014-04-04$4.82$5.7167.2%12.9%35.4%65.7%44.5%3.0%-3.2%-22.6M1.25B-7.8M0.8714.25N/AN/A5,394,9704,702,5309,285,8508,562,610
2014-04-07$4.83$5.7169.6%13.0%35.8%70.1%46.0%3.8%-6.9%-5.4M565.5M-8.0M0.7515.38N/AN/A3,463,6002,600,6408,080,7307,320,950
2014-04-08$4.98$5.7166.3%12.8%39.2%64.2%43.4%6.3%-5.7%17.6M151.6M-8.4M0.8513.14N/AN/A2,665,9502,268,5608,809,1507,712,600
2014-04-09$5.04$5.7165.1%12.7%39.9%62.0%42.3%6.1%-5.8%28.5M-15.1M-8.5M0.8912.11N/AN/A2,443,7702,168,8109,089,5008,118,530
2014-04-10$4.78$5.7166.6%12.8%42.7%66.1%43.0%3.9%-4.7%-16.3M733.3M-7.9M0.7713.95N/AN/A3,975,3703,070,7609,366,1408,238,720
2014-04-11$4.67$5.7166.6%12.9%42.9%66.0%48.1%3.8%-5.2%-11.0M1.00B-7.6M1.1513.63N/AN/A3,962,1404,569,8809,814,0008,332,660
2014-04-14$4.74$5.7165.1%12.8%43.9%63.2%44.5%6.5%-1.6%-3.9M533.8M-7.7M0.8415.43N/AN/A2,069,4801,734,8808,498,4907,623,280
2014-04-15$4.66$5.7163.3%12.5%43.9%59.9%45.9%7.0%-3.2%-11.0M655.2M-7.4M0.7116.42N/AN/A4,319,7703,068,3808,822,9407,782,180
2014-04-16$4.73$5.7160.7%12.6%44.8%55.0%44.9%6.0%-3.3%26.3M291.6M-7.5M0.9013.28N/AN/A2,234,7502,008,0209,552,8307,858,060
2014-04-17$4.94$5.7158.4%12.4%48.3%50.8%41.2%5.6%-2.4%114.2M-468.6M-7.7M0.6412.99N/AN/A6,771,5204,351,6909,730,9808,172,570
2014-04-21$4.98$5.7159.5%12.5%46.9%52.9%42.8%7.6%-3.7%9.2M-261.5M-7.8M0.8019.42N/AN/A5,859,2104,703,5806,653,8506,029,870
2014-04-22$5.33$5.7136.9%12.1%48.3%11.0%45.1%5.5%-1.0%77.9M-1.35B-8.2M0.9911.59N/AN/A7,107,2407,017,8509,701,5108,302,490
2014-04-23$5.05$5.7138.5%12.4%51.3%14.0%44.6%1.9%-1.0%-10.2M-38.8M-8.3M1.0312.51N/AN/A4,666,1304,805,4309,958,8309,656,710
2014-04-24$4.92$5.7138.4%12.4%52.0%13.9%43.5%4.0%-0.5%-43.4M502.0M-8.1M1.1513.53N/AN/A4,209,5904,856,46010,259,76010,099,110
2014-04-25$4.60$5.7142.6%12.7%56.2%21.6%44.1%2.4%-1.4%-42.3M1.37B-7.4M1.4513.35N/AN/A4,337,9706,284,67010,794,28010,377,080
2014-04-28$4.49$5.7146.1%12.9%56.5%28.0%44.7%1.8%-1.1%-20.7M820.3M-7.4M1.4315.25N/AN/A4,159,6105,962,5307,648,6208,113,560
2014-04-29$4.57$5.7142.9%12.7%57.0%22.0%42.4%5.1%-0.6%-8.4M542.4M-7.9M1.0614.61N/AN/A2,992,1503,165,0508,689,8709,273,950
2014-04-30$4.60$5.7141.0%12.7%55.2%18.7%43.8%5.7%-0.6%-8.3M508.1M-8.0M1.1314.37N/AN/A2,765,2103,119,2008,929,6909,823,240