NFLX Options History — April 2015

In April 2015, NFLX traded between $5.90 and $8.18. ATM implied volatility averaged 38.6%, placing in the 34.7% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded below realized volatility by 11.6% (HV 20d: 50.2%). Max pain ranged from $6.14 to $7.36. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.91.

Notable Days

  • 2015-04-16: Highest Volume — 25,657,800 contracts
  • 2015-04-16: Largest IV drop — 34.8% change
  • 2015-04-15: Highest IV Rank — 74.0%
  • 2015-04-01: Largest Expected Move — 17.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.23$5.90$8.18$5.90$7.95
Max Pain$6.73$6.14$7.36$6.29$7.36
ATM IV38.6%25.6%54.4%49.4%25.9%
Expected Move10.9%7.4%17.8%17.8%7.4%
HV 20d50.2%29.9%68.6%30.3%65.2%
HV 60d45.0%43.5%55.8%43.9%44.5%
IV Rank34.7%4.7%74.0%55.9%5.7%
IV Percentile51.7%8.7%93.7%84.1%9.1%
Term Structure-1.7%-3.7%0.4%-3.4%0.3%
VWIV38.4%26.0%61.2%61.2%26.2%
Skew 25d2.0%-0.0%4.9%4.8%1.0%
Skew 10d4.1%-0.3%10.6%8.7%1.7%
Call IV 25d37.9%25.8%54.6%46.9%25.8%
Put IV 25d39.9%26.1%54.5%51.7%26.8%
Bid-Ask Spread %26.945.3054.5816.3751.14
Gamma HHI0.070.030.330.050.05
Net GEX44.6M-51.0M233.2M-51.0M-48.7M
Net DEX-2.30B-7.37B749.7M749.7M-1.98B
Net VEX-11.0M-12.5M-8.6M-10.3M-11.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.910.681.140.681.05
Total Volume7,381,003.3333,215,45025,657,8004,315,5704,587,310
Total OI20,188,593.33316,138,01029,122,59017,744,72020,749,820

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-04-01$5.90$6.2949.4%17.8%30.3%55.9%61.2%4.8%-3.4%-51.0M749.7M-10.3M0.6816.37N/AN/A2,572,9201,742,6508,352,1909,392,530
2015-04-02$5.92$6.2149.1%12.6%30.5%55.2%43.2%4.8%-3.7%103.4M568.1M-10.4M0.8618.78N/AN/A1,989,7501,707,3008,868,3709,532,040
2015-04-06$6.03$6.2147.9%12.7%30.5%52.6%43.9%4.8%-2.4%19.2M63.1M-10.0M0.6916.85N/AN/A2,345,0001,612,6607,500,8508,637,160
2015-04-07$6.05$6.2148.8%13.0%29.9%54.6%45.3%4.8%-3.0%46.4M-96.4M-10.1M1.0617.88N/AN/A1,561,9101,653,5408,046,7108,982,400
2015-04-08$6.30$6.1447.3%12.7%32.6%51.2%45.2%4.9%-3.1%60.2M-1.22B-10.3M1.026.66N/AN/A2,910,3202,974,7208,288,7009,285,780
2015-04-09$6.28$6.2147.1%12.8%32.4%54.4%44.7%4.1%-3.5%37.0M-1.08B-10.3M0.885.30N/AN/A2,488,1502,184,5608,764,9809,953,230
2015-04-10$6.49$6.1450.2%13.7%33.8%61.5%48.0%4.1%-3.7%58.5M-2.21B-10.4M0.876.34N/AN/A5,141,4304,453,4709,229,71010,203,690
2015-04-13$6.78$6.2950.3%14.1%36.0%61.8%49.8%1.9%-2.7%45.2M-1.97B-10.4M0.7714.90N/AN/A4,523,2603,470,6707,826,9108,831,130
2015-04-14$6.84$6.4352.9%15.0%32.4%67.9%52.8%0.6%-3.6%43.6M-1.96B-11.1M1.016.40N/AN/A2,532,1802,549,1908,963,1509,915,150
2015-04-15$6.78$6.5054.4%15.6%32.4%74.0%54.8%-0.0%-3.7%35.8M-1.77B-11.5M0.849.64N/AN/A6,000,2605,023,3409,716,28010,920,490
2015-04-16$8.08$6.5735.5%10.2%68.0%29.5%36.2%1.5%-1.1%156.2M-7.26B-8.6M0.809.01N/AN/A14,290,08011,367,72011,866,68012,635,140
2015-04-17$8.18$7.0033.2%9.5%67.9%25.4%33.6%0.9%-0.1%233.2M-7.37B-10.3M0.7720.15N/AN/A11,531,9408,887,34012,907,37016,215,220
2015-04-20$8.10$7.1430.9%8.9%68.4%19.6%31.4%1.0%-0.4%56.2M-3.48B-11.7M0.9535.76N/AN/A4,650,3804,423,9308,504,72010,464,440
2015-04-21$8.01$7.1429.6%8.4%68.5%15.8%29.8%0.6%-0.5%9.5M-2.98B-12.5M0.9738.67N/AN/A2,584,8202,503,6909,741,69011,754,610
2015-04-22$7.97$7.2127.4%7.7%68.6%9.8%27.4%0.5%-0.4%-31.5M-2.68B-12.3M0.9443.92N/AN/A2,498,4402,360,96010,168,34012,320,280
2015-04-23$7.99$7.2126.9%7.7%66.0%8.4%27.2%0.9%-0.3%-40.7M-2.79B-12.0M0.8547.00N/AN/A3,496,2902,983,61010,342,08012,721,870
2015-04-24$7.97$7.2126.3%7.5%65.8%6.7%26.5%0.6%-0.2%84.1M-2.81B-12.0M1.0147.15N/AN/A2,936,2902,964,57010,896,97013,102,040
2015-04-27$8.08$7.2926.6%7.5%65.2%7.4%26.4%0.9%0.4%63.3M-2.85B-11.5M0.9454.58N/AN/A2,640,3302,490,0408,355,97010,229,940
2015-04-28$8.04$7.2926.2%7.5%65.7%6.5%26.6%0.3%0.0%24.4M-2.56B-11.7M1.1448.94N/AN/A1,885,3102,150,0508,809,64010,807,020
2015-04-29$8.04$7.3625.6%7.4%65.1%4.7%26.0%-0.0%0.3%33.1M-2.55B-11.6M1.0650.23N/AN/A2,100,2802,230,4109,122,12011,033,050
2015-04-30$7.95$7.3625.9%7.4%65.2%5.7%26.2%1.0%0.3%-48.7M-1.98B-11.7M1.0551.14N/AN/A2,239,7202,347,5909,438,73011,311,090