NFLX Options History — July 2014

In July 2014, NFLX traded between $6.03 and $6.76. ATM implied volatility averaged 41.1%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 5.8% (HV 20d: 35.3%). Max pain ranged from $5.93 to $6.57. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 0.99.

Notable Days

  • 2014-07-01: Highest Volume — 14,973,420 contracts
  • 2014-07-22: Largest IV drop — 32.4% change
  • 2014-07-01: Highest IV Rank — 37.2%
  • 2014-07-14: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.32$6.03$6.76$6.76$6.04
Max Pain$6.15$5.93$6.57$5.93$6.21
ATM IV41.1%29.0%51.0%51.0%30.9%
Expected Move11.0%10.5%11.3%11.3%10.6%
HV 20d35.3%29.2%39.2%31.4%30.1%
HV 60d39.0%33.1%43.2%42.9%33.1%
IV Rank21.3%0.0%37.2%37.2%4.0%
IV Percentile43.3%0.0%69.4%69.4%2.8%
Term Structure-1.6%-3.9%0.4%-2.4%-0.5%
VWIV38.5%36.1%42.3%39.3%37.8%
Skew 25d3.0%1.1%4.3%4.1%3.4%
Skew 10d4.5%0.9%9.1%9.1%6.4%
Call IV 25d39.6%27.7%49.7%49.7%29.7%
Put IV 25d42.6%30.6%53.8%53.8%33.0%
Bid-Ask Spread %19.8713.1627.3616.8622.58
Gamma HHI0.120.030.790.060.06
Net GEX-23.3M-502.6M120.5M74.6M-38.1M
Net DEX-1.15B-3.14B168.0M-3.14B-251.3M
Net VEX-9.3M-9.7M-8.2M-8.2M-9.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.701.231.011.03
Total Volume7,001,940.9093,913,21014,973,42014,973,4205,805,520
Total OI18,968,151.36413,880,02022,277,22016,396,52019,461,330

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-07-01$6.76$5.9351.0%11.3%31.4%37.2%39.3%4.1%-2.4%74.6M-3.14B-8.2M1.0116.86N/AN/A7,455,7007,517,7207,514,6408,881,880
2014-07-02$6.67$5.9350.4%11.2%32.0%36.0%39.6%3.9%-2.9%24.7M-2.56B-9.0M0.9115.40N/AN/A4,100,6703,744,5808,595,72010,876,670
2014-07-03$6.75$5.9349.3%11.2%32.0%33.9%42.3%3.1%-2.9%120.5M-3.05B-9.3M1.0614.83N/AN/A2,257,5002,392,9509,099,44011,255,930
2014-07-07$6.58$5.9348.0%11.1%33.8%31.7%38.6%2.8%-3.1%-722.3K-1.93B-9.2M1.0917.20N/AN/A2,725,3802,959,3207,548,3108,842,470
2014-07-08$6.36$6.0047.8%11.2%35.7%31.2%38.8%4.3%-3.0%-51.9M-971.2M-9.5M1.0916.11N/AN/A4,263,5604,666,6908,297,5909,667,700
2014-07-09$6.33$6.0747.2%11.2%35.6%30.1%39.9%3.4%-3.6%-65.4M-851.4M-9.6M0.8618.93N/AN/A2,777,5302,398,9709,202,69010,484,180
2014-07-10$6.26$6.0046.6%11.2%35.8%29.7%40.1%1.9%-3.4%-95.5M-467.2M-9.5M0.9918.65N/AN/A5,269,8105,241,7409,721,32010,863,930
2014-07-11$6.29$6.0045.9%11.2%35.1%31.7%39.4%2.2%-3.9%-502.6M-795.0M-9.6M1.0717.32N/AN/A3,259,7603,496,99010,556,91011,720,310
2014-07-14$6.47$6.0047.2%11.3%36.2%34.5%39.2%2.9%-1.3%44.7M-2.00B-9.5M0.8117.62N/AN/A3,278,9402,656,9208,463,8409,388,190
2014-07-15$6.42$6.0746.7%11.2%36.4%33.4%38.2%2.9%-1.1%22.5M-1.76B-9.7M0.8518.60N/AN/A2,268,5601,935,2208,868,6509,981,930
2014-07-16$6.35$6.0746.9%11.2%35.0%34.0%39.5%2.9%-1.4%6.1M-1.50B-9.6M0.7020.27N/AN/A2,656,0801,849,9609,158,80010,202,360
2014-07-17$6.28$6.2946.8%11.2%35.0%33.6%38.1%2.4%-2.0%-40.1M-1.04B-9.2M1.0918.90N/AN/A2,396,6602,606,5909,420,81010,296,790
2014-07-18$6.35$6.2945.4%11.2%34.7%30.7%40.6%3.5%-1.0%81.0M-1.43B-9.0M1.0219.79N/AN/A3,122,0003,181,7109,627,38010,347,260
2014-07-21$6.46$0.0046.3%11.2%35.2%32.6%39.0%4.2%-2.2%13.6M-1.19B-9.1M0.9413.16N/AN/A4,596,5504,305,2106,417,8107,462,210
2014-07-22$6.16$6.4331.3%10.6%39.2%0.8%36.9%1.8%-0.3%-46.7M-250.9M-8.8M0.8125.05N/AN/A7,835,7306,356,2108,647,4509,462,390
2014-07-23$6.11$6.5030.1%10.5%39.2%0.0%36.4%1.1%0.2%-26.8M-225.8M-9.3M0.8725.64N/AN/A3,062,5002,656,4309,962,54010,341,240
2014-07-24$6.08$6.5729.2%10.6%38.6%0.0%37.2%3.2%0.4%-59.4M-9.5M-9.3M1.0027.15N/AN/A4,120,9004,122,72010,382,96010,654,280
2014-07-25$6.03$6.2129.0%10.5%38.6%0.0%36.1%1.8%0.3%-74.5M168.0M-9.4M1.2221.76N/AN/A3,077,6903,763,48010,940,79011,083,590
2014-07-28$6.07$6.2129.5%10.6%38.6%1.1%36.2%2.6%0.2%3.5M-433.3M-9.4M1.2222.03N/AN/A1,952,3702,383,0108,109,0808,713,670
2014-07-29$6.06$6.2129.5%10.6%38.6%1.1%37.2%3.0%-0.1%9.0M-439.1M-9.4M1.2321.93N/AN/A1,756,4402,156,7708,675,7309,282,840
2014-07-30$6.21$6.2129.5%10.6%29.2%1.1%37.0%4.0%-0.3%88.0M-1.16B-9.7M1.0127.36N/AN/A2,788,9402,820,7209,011,8009,803,920
2014-07-31$6.04$6.2130.9%10.6%30.1%4.0%37.8%3.4%-0.5%-38.1M-251.3M-9.6M1.0322.58N/AN/A2,863,4902,942,0309,427,04010,034,290