NFLX Options History — May 2014

In May 2014, NFLX traded between $4.58 and $5.97. ATM implied volatility averaged 39.5%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded below realized volatility by 12.5% (HV 20d: 52.0%). Max pain ranged from $5.71 to $5.71. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.06.

Notable Days

  • 2014-05-21: Highest Volume — 12,681,830 contracts
  • 2014-05-27: Largest IV spike — 8.9% change
  • 2014-05-07: Highest IV Rank — 25.6%
  • 2014-05-07: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.18$4.58$5.97$4.81$5.97
Max Pain$5.71$5.71$5.71$5.71$5.71
ATM IV39.5%34.1%44.8%41.7%36.6%
Expected Move12.1%11.5%12.7%12.6%11.5%
HV 20d52.0%39.4%58.4%58.0%39.4%
HV 60d44.0%42.1%46.3%42.2%46.3%
IV Rank15.9%5.8%25.6%20.0%10.5%
IV Percentile39.7%11.5%59.5%53.2%27.8%
Term Structure-0.2%-1.0%1.6%-0.0%-0.8%
VWIV42.7%39.9%46.1%46.0%41.6%
Skew 25d3.8%2.0%6.2%4.1%2.0%
Skew 10d7.6%5.6%13.0%8.1%5.9%
Call IV 25d37.9%32.4%42.7%40.3%36.7%
Put IV 25d41.7%35.4%47.2%44.4%38.7%
Bid-Ask Spread %13.209.9617.5514.0013.88
Gamma HHI0.100.040.700.040.18
Net GEX37.0M-33.7M231.5M30.3M83.2M
Net DEX-968.0M-2.88B674.8M-251.2M-2.76B
Net VEX-8.8M-9.4M-8.3M-8.7M-9.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.060.771.400.910.94
Total Volume7,324,026.6673,002,37012,681,83011,248,72010,937,080
Total OI19,547,30014,633,43022,117,20019,830,65021,419,370

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-05-01$4.81$5.7141.7%12.6%58.0%20.0%46.0%4.1%-0.0%30.3M-251.2M-8.7M0.9114.00N/AN/A5,890,9905,357,7309,534,63010,296,020
2014-05-02$4.87$5.7141.6%12.5%57.8%19.7%45.4%5.1%-0.3%13.9M-366.1M-8.8M0.9614.68N/AN/A3,635,5903,502,4509,926,28011,147,850
2014-05-05$4.92$5.7141.1%12.6%55.0%18.9%46.1%6.2%-0.5%5.8M-272.8M-8.7M1.0412.47N/AN/A1,471,6101,530,7608,380,5409,466,940
2014-05-06$4.66$5.7143.5%12.6%58.4%23.3%44.0%2.9%-0.5%-21.8M422.2M-8.4M0.9411.94N/AN/A2,734,2002,566,6908,732,0109,842,350
2014-05-07$4.58$5.7144.8%12.7%57.3%25.6%41.5%4.4%-0.5%-33.7M674.8M-8.3M1.4012.30N/AN/A2,659,4403,711,2609,246,16010,218,950
2014-05-08$4.60$5.7143.5%12.5%57.0%23.3%43.1%4.2%-0.8%-25.1M573.2M-8.4M1.1013.36N/AN/A2,693,3202,955,6809,756,81010,609,480
2014-05-09$4.69$5.7142.5%12.5%54.7%21.4%43.2%5.1%-0.1%-8.8M246.7M-8.5M1.1111.95N/AN/A2,686,6702,976,26010,008,81011,006,240
2014-05-12$4.93$5.7140.6%12.3%56.8%17.8%44.2%4.0%-0.9%18.5M-478.9M-8.6M1.0811.96N/AN/A2,690,8702,903,8108,811,3909,763,040
2014-05-13$4.96$5.7140.2%12.2%56.7%17.1%44.0%2.3%-0.2%16.4M-535.3M-8.8M0.9012.14N/AN/A2,981,8602,677,0809,204,86010,510,010
2014-05-14$5.03$5.7140.4%12.1%56.4%17.6%43.6%4.0%-0.9%31.5M-770.1M-8.9M1.009.96N/AN/A2,373,9802,376,7809,747,43010,992,450
2014-05-15$4.92$5.7140.1%12.2%56.9%17.0%42.0%4.2%-0.5%-20.3M-247.5M-8.4M1.3414.10N/AN/A2,810,1503,762,3609,722,30011,113,690
2014-05-16$5.00$5.7138.8%12.0%55.2%14.6%42.3%3.3%-1.0%231.5M-661.2M-8.3M0.7713.50N/AN/A3,651,7602,829,7509,983,61011,518,780
2014-05-19$5.21$5.7139.4%12.1%57.0%15.6%42.1%4.8%0.0%28.2M-957.1M-8.4M1.0912.46N/AN/A3,205,2303,481,1706,968,4307,665,000
2014-05-20$5.31$5.7137.0%11.8%52.0%11.2%42.4%3.4%1.1%43.7M-1.29B-8.7M1.2914.99N/AN/A3,214,6104,136,8607,826,7708,850,870
2014-05-21$5.58$5.7136.7%11.6%50.8%10.7%42.5%3.8%1.5%73.7M-2.20B-8.9M1.1712.63N/AN/A5,847,6606,834,1708,445,8509,730,490
2014-05-22$5.60$5.7135.8%11.6%49.4%9.0%40.2%3.5%0.9%82.5M-2.25B-9.4M1.1015.56N/AN/A5,394,4805,960,9909,221,73011,332,720
2014-05-23$5.75$5.7134.1%11.6%41.7%5.8%40.6%3.0%1.6%51.4M-2.88B-9.2M0.8417.55N/AN/A5,867,6104,901,6809,743,02012,374,180
2014-05-27$5.70$5.7137.1%11.6%40.3%11.4%41.1%3.6%0.0%37.2M-1.80B-9.3M1.1712.93N/AN/A2,837,2403,329,4808,149,9609,795,380
2014-05-28$5.73$5.7137.3%11.6%40.3%11.7%40.7%3.0%-0.6%39.8M-1.89B-9.4M1.0212.90N/AN/A2,753,1002,795,4508,704,01010,639,930
2014-05-29$5.93$5.7136.9%11.5%41.0%11.1%39.9%2.9%-0.5%98.1M-2.64B-9.3M1.1111.95N/AN/A4,211,0604,665,6409,012,36011,072,600
2014-05-30$5.97$5.7136.6%11.5%39.4%10.5%41.6%2.0%-0.8%83.2M-2.76B-9.3M0.9413.88N/AN/A5,632,9005,304,1809,453,15011,966,220