NFLX Options History — September 2014

In September 2014, NFLX traded between $6.33 and $6.92. ATM implied volatility averaged 30.2%, placing in the 11.7% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 12.0% (HV 20d: 18.2%). Max pain ranged from $6.43 to $7.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.04.

Notable Days

  • 2014-09-16: Highest Volume — 8,661,380 contracts
  • 2014-09-22: Largest IV spike — 39.7% change
  • 2014-09-25: Highest IV Rank — 35.1%
  • 2014-09-15: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.61$6.33$6.92$6.81$6.45
Max Pain$6.77$6.43$7.00$6.93$6.43
ATM IV30.2%23.9%42.9%25.4%40.2%
Expected Move9.6%9.2%9.9%9.7%9.4%
HV 20d18.2%12.3%22.4%20.1%22.4%
HV 60d27.7%24.7%29.2%28.5%24.7%
IV Rank11.7%0.0%35.1%2.6%30.2%
IV Percentile22.3%0.0%64.7%3.6%57.9%
Term Structure3.6%-2.5%17.8%0.3%-2.1%
VWIV33.8%32.0%35.7%33.9%33.0%
Skew 25d2.7%-0.9%5.5%0.7%5.2%
Skew 10d4.0%-1.4%8.8%1.8%7.3%
Call IV 25d29.1%21.7%40.6%25.5%37.1%
Put IV 25d31.8%23.1%45.1%26.2%42.4%
Bid-Ask Spread %33.7722.5043.6222.5043.31
Gamma HHI0.080.040.280.050.05
Net GEX-41.3M-186.4M55.8M-2.4M53.6M
Net DEX-794.5M-2.17B290.0M-1.71B-684.1M
Net VEX-9.9M-10.4M-9.3M-9.6M-10.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.040.771.341.050.91
Total Volume5,738,1403,143,8408,661,3803,143,8404,534,040
Total OI19,827,993.33315,776,04023,998,24017,590,65018,340,630

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-09-02$6.81$6.9325.4%9.7%20.1%2.6%33.9%0.7%0.3%-2.4M-1.71B-9.6M1.0522.50N/AN/A1,533,4201,610,4207,780,4309,810,220
2014-09-03$6.82$7.0025.4%9.7%20.0%2.7%34.5%-0.9%0.5%12.5M-1.80B-9.6M0.7726.30N/AN/A3,788,0502,926,2808,228,78010,346,490
2014-09-04$6.75$7.0025.5%9.6%20.3%3.0%34.2%0.0%0.3%-133.5M-1.20B-10.1M1.2029.20N/AN/A2,313,2202,775,0808,869,49011,064,830
2014-09-05$6.80$6.9324.4%9.6%14.1%0.9%33.5%1.2%0.3%-121.3M-1.49B-9.9M1.3430.55N/AN/A3,085,6704,142,2509,001,02011,492,530
2014-09-08$6.85$6.9325.0%9.7%13.5%1.9%33.3%2.5%0.8%18.7M-1.81B-9.8M1.2531.02N/AN/A1,447,8101,816,0807,965,79010,103,170
2014-09-09$6.84$7.0025.3%9.7%13.2%2.6%34.1%1.0%2.2%-4.9M-1.77B-10.0M0.8130.22N/AN/A4,072,9503,301,0608,341,97010,707,970
2014-09-10$6.92$6.9324.6%9.7%12.3%1.3%33.7%2.1%1.5%55.8M-2.17B-10.0M0.9929.99N/AN/A2,019,5001,998,9909,079,00011,352,180
2014-09-11$6.88$6.9325.4%9.7%12.5%2.6%35.7%1.0%1.7%-6.4M-1.89B-10.1M1.0428.97N/AN/A1,983,5202,054,9209,327,43011,803,260
2014-09-12$6.81$6.8623.9%9.7%13.3%0.0%33.3%0.1%1.6%-186.4M-1.27B-10.0M1.1131.93N/AN/A3,641,8204,052,4409,794,05012,152,700
2014-09-15$6.54$6.8626.4%9.9%19.2%4.7%34.6%1.6%14.4%-120.2M-31.6M-9.7M1.0730.80N/AN/A4,185,3004,464,3908,683,15010,890,810
2014-09-16$6.53$6.8624.4%9.8%18.4%0.9%34.5%2.6%16.2%-122.8M116.8M-9.9M0.9533.35N/AN/A4,439,6104,221,7709,640,40011,674,880
2014-09-17$6.49$6.8624.6%9.7%18.3%1.2%33.9%2.7%16.4%-95.6M136.5M-10.2M0.8335.38N/AN/A2,281,3701,886,43010,789,59012,260,360
2014-09-18$6.56$6.7123.9%9.5%18.4%0.0%33.3%2.9%16.4%745.9K-423.5M-9.7M1.0834.97N/AN/A2,808,4703,020,92010,965,36012,131,000
2014-09-19$6.54$6.7127.2%9.5%18.4%6.2%33.5%3.0%17.8%-93.9M-136.3M-9.8M1.2035.75N/AN/A2,844,1003,411,66011,366,88012,631,360
2014-09-22$6.33$6.7138.0%9.7%20.4%26.1%33.9%5.5%-1.8%-65.2M290.0M-9.3M1.0336.58N/AN/A4,148,8304,268,9507,363,7208,412,320
2014-09-23$6.34$6.6440.7%9.7%20.4%31.0%33.9%4.8%-1.5%-39.7M139.1M-9.8M1.0236.37N/AN/A2,622,4102,686,9508,557,3609,282,980
2014-09-24$6.44$6.5741.6%9.5%21.4%32.7%33.8%4.9%-1.9%23.2M-436.4M-10.1M1.1737.09N/AN/A2,281,1602,671,6909,156,4209,777,460
2014-09-25$6.34$6.4342.9%9.5%21.8%35.1%33.4%4.6%-2.2%-88.1M273.5M-10.0M1.0840.28N/AN/A2,477,3002,685,8309,381,19010,224,550
2014-09-26$6.41$6.5040.6%9.2%22.4%30.8%32.0%5.3%-2.5%30.4M-356.2M-10.3M1.0443.62N/AN/A3,015,3903,141,0409,907,38010,450,860
2014-09-29$6.42$6.4340.0%9.3%22.3%29.7%33.6%5.3%-1.8%17.8M-459.4M-10.3M0.9241.07N/AN/A1,997,8001,842,0508,131,6209,146,270
2014-09-30$6.45$6.4340.2%9.4%22.4%30.2%33.0%5.2%-2.1%53.6M-684.1M-10.4M0.9143.31N/AN/A2,373,7002,160,3408,754,6909,585,940