NFLX Options History — March 2015

In March 2015, NFLX traded between $5.93 and $6.86. ATM implied volatility averaged 39.8%, placing in the 34.8% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 15.0% (HV 20d: 24.8%). Max pain ranged from $6.29 to $6.43. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.99.

Notable Days

  • 2015-03-27: Highest Volume — 7,601,020 contracts
  • 2015-03-16: Largest IV spike — 23.3% change
  • 2015-03-26: Highest IV Rank — 62.4%
  • 2015-03-31: Largest Expected Move — 17.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.25$5.93$6.86$6.86$5.96
Max Pain$6.35$6.29$6.43$6.29$6.29
ATM IV39.8%26.4%52.4%27.1%49.2%
Expected Move13.1%7.8%17.3%7.8%17.3%
HV 20d24.8%17.5%30.4%21.1%30.3%
HV 60d44.9%44.0%45.4%44.9%45.3%
IV Rank34.8%5.5%62.4%7.0%55.5%
IV Percentile55.3%9.1%86.1%11.9%82.5%
Term Structure3.0%-3.8%16.9%-0.7%-3.3%
VWIV45.2%27.6%59.7%28.0%59.7%
Skew 25d3.8%1.7%5.4%3.9%4.4%
Skew 10d7.4%3.9%10.9%8.1%7.7%
Call IV 25d37.9%26.1%50.9%26.1%46.6%
Put IV 25d41.7%28.1%55.9%29.9%51.0%
Bid-Ask Spread %38.4116.6162.5156.1020.59
Gamma HHI0.080.040.370.040.04
Net GEX-43.2M-149.4M43.5M-2.7M-11.4M
Net DEX86.4M-1.39B1.10B-1.39B464.1M
Net VEX-10.2M-10.7M-9.3M-9.3M-10.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.661.260.981.05
Total Volume4,742,057.7272,986,2707,601,0203,758,5803,272,080
Total OI17,710,060.45513,893,46021,398,37015,083,46017,198,720

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-03-02$6.86$6.2927.1%7.8%21.1%7.0%28.0%3.9%-0.7%-2.7M-1.39B-9.3M0.9856.10N/AN/A1,900,6401,857,9405,950,3509,133,110
2015-03-03$6.78$6.2926.9%7.8%21.6%6.5%27.6%2.0%-0.6%-22.9M-1.18B-9.5M1.0859.48N/AN/A1,549,5201,667,5406,427,4709,547,090
2015-03-04$6.71$6.2927.6%7.8%18.8%8.2%27.9%2.9%-0.5%-52.5M-919.8M-9.7M1.2262.51N/AN/A2,312,7302,820,8606,837,1109,883,090
2015-03-05$6.68$6.4326.4%9.5%17.5%5.5%33.3%1.7%-0.5%-82.2M-748.9M-9.8M0.9038.08N/AN/A1,957,2001,767,2207,315,63010,169,530
2015-03-06$6.49$6.4326.9%11.1%20.6%6.7%38.8%3.1%-0.3%-149.4M115.3M-9.6M1.0827.54N/AN/A3,305,2603,555,5807,657,37010,259,970
2015-03-09$6.37$6.4328.8%12.5%21.7%10.9%43.5%3.6%14.7%-47.7M-39.4M-9.6M1.2634.47N/AN/A2,453,3603,098,4806,830,0409,103,150
2015-03-10$6.22$6.4330.2%12.9%23.3%13.8%44.0%3.2%15.4%-60.5M378.0M-9.9M0.9042.14N/AN/A2,294,1102,065,7707,507,7109,893,170
2015-03-11$6.29$6.4329.6%13.3%21.8%12.5%46.3%2.6%16.9%-32.9M53.5M-10.2M1.0936.07N/AN/A1,964,9002,135,9807,975,66010,077,760
2015-03-12$6.40$6.4332.5%13.1%22.9%18.9%45.5%2.9%16.5%9.0M-447.7M-10.6M1.0842.13N/AN/A2,098,2502,274,0908,197,98010,659,110
2015-03-13$6.26$6.4335.8%13.2%24.1%26.2%45.8%2.7%16.6%-85.8M366.2M-10.4M1.1352.68N/AN/A2,478,3502,805,3908,497,51011,371,920
2015-03-16$6.03$6.4344.2%13.7%25.8%44.4%47.6%2.6%3.3%-71.0M794.0M-9.7M1.2638.29N/AN/A2,991,1703,775,7307,414,82010,439,800
2015-03-17$5.98$6.3645.4%13.5%25.3%47.1%46.6%3.9%2.3%-60.1M840.1M-10.3M0.9940.13N/AN/A1,904,0001,892,7308,358,91011,190,060
2015-03-18$6.04$6.3647.6%13.7%25.4%52.0%47.8%4.3%1.7%-29.4M558.0M-10.4M0.7745.17N/AN/A1,957,8301,503,8108,757,07011,579,470
2015-03-19$6.07$6.3647.7%13.6%25.6%52.2%46.3%4.3%1.4%7.8M304.8M-10.4M0.9238.83N/AN/A2,038,6801,868,7909,139,83011,622,030
2015-03-20$6.12$6.2946.8%13.2%25.6%50.2%45.3%5.4%1.9%-8.8M64.3M-10.1M0.9742.52N/AN/A3,129,9803,047,0309,488,71011,909,660
2015-03-23$6.07$6.2948.2%13.4%25.4%53.3%45.9%4.6%-2.9%-27.1M281.7M-10.0M0.9040.21N/AN/A1,569,7501,416,5206,127,5207,765,940
2015-03-24$6.26$6.2949.1%13.9%28.1%55.2%47.2%5.2%-2.7%43.5M-443.3M-10.5M0.8041.63N/AN/A3,105,2702,479,8206,786,4308,410,430
2015-03-25$6.02$6.2951.6%16.1%30.4%60.7%54.9%5.2%-3.4%-62.4M664.7M-10.6M0.6635.65N/AN/A3,554,0402,333,3807,495,6709,241,890
2015-03-26$5.97$6.2952.4%16.6%29.7%62.4%57.0%5.1%-3.8%-67.2M911.5M-10.7M0.9816.61N/AN/A2,644,4602,584,8208,360,5909,650,410
2015-03-27$5.93$6.2952.1%16.9%29.4%61.9%57.4%5.1%-3.8%-147.2M1.10B-10.7M1.0016.73N/AN/A3,794,4903,806,5308,803,55010,066,420
2015-03-30$6.04$6.2949.3%17.0%30.2%55.7%58.6%5.0%-3.3%9.8M174.7M-10.7M0.8517.43N/AN/A1,781,2201,509,9707,653,4508,865,220
2015-03-31$5.96$6.2949.2%17.3%30.3%55.5%59.7%4.4%-3.3%-11.4M464.1M-10.5M1.0520.59N/AN/A1,593,6201,678,4608,033,1309,165,590