NFLX Options History — May 2015

In May 2015, NFLX traded between $7.93 and $8.98. ATM implied volatility averaged 26.0%, placing in the 5.9% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded below realized volatility by 15.3% (HV 20d: 41.3%). Max pain ranged from $7.43 to $8.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.99.

Notable Days

  • 2015-05-15: Highest Volume — 17,969,770 contracts
  • 2015-05-11: Largest IV spike — 7.2% change
  • 2015-05-18: Highest IV Rank — 10.4%
  • 2015-05-13: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.52$7.93$8.98$7.95$8.93
Max Pain$7.78$7.43$8.00$7.43$8.00
ATM IV26.0%24.8%27.6%24.8%25.3%
Expected Move7.5%7.0%8.0%7.0%7.2%
HV 20d41.3%18.2%65.5%65.3%22.2%
HV 60d44.7%44.2%45.3%44.2%44.9%
IV Rank5.9%2.6%10.4%2.6%3.9%
IV Percentile12.4%5.6%23.4%5.6%7.9%
Term Structure0.3%-0.5%0.7%0.4%-0.0%
VWIV27.0%24.8%29.1%24.8%26.5%
Skew 25d1.3%0.1%2.0%1.2%1.2%
Skew 10d2.6%0.3%4.4%1.9%1.8%
Call IV 25d25.9%24.7%27.7%24.7%25.3%
Put IV 25d27.2%25.9%29.1%25.9%26.6%
Bid-Ask Spread %55.9049.0467.1652.2355.09
Gamma HHI0.080.040.590.060.08
Net GEX111.5M-41.2M534.3M-41.2M119.7M
Net DEX-3.35B-5.98B-2.03B-2.03B-3.47B
Net VEX-12.2M-13.5M-11.1M-11.5M-12.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.701.481.080.95
Total Volume6,356,5882,509,50017,969,7705,011,0208,779,820
Total OI21,243,673.518,244,03024,170,86021,342,86022,884,050

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-05-01$7.95$7.4324.8%7.0%65.3%2.6%24.8%1.2%0.4%-41.2M-2.03B-11.5M1.0852.23N/AN/A2,414,7202,596,3009,670,15011,672,710
2015-05-04$7.93$7.5725.2%7.4%65.5%3.8%26.6%1.3%0.5%-5.9M-2.03B-11.3M0.8461.06N/AN/A1,365,6301,143,8708,039,99010,204,040
2015-05-05$8.08$7.5725.4%7.5%65.4%4.4%26.8%0.1%0.6%89.1M-2.78B-11.2M1.0053.85N/AN/A3,852,2403,846,7108,475,32010,533,110
2015-05-06$8.00$7.5725.4%7.5%65.2%4.4%26.7%1.4%0.4%910.3K-2.11B-11.5M0.9660.48N/AN/A2,463,0202,364,1809,137,45011,309,550
2015-05-07$8.06$7.6425.1%7.4%64.9%3.5%26.2%1.0%0.6%87.7M-2.57B-11.5M1.0060.41N/AN/A2,115,6102,121,9109,404,57011,473,140
2015-05-08$8.21$7.5725.0%7.4%64.6%3.2%26.6%1.2%0.3%534.3M-3.66B-11.2M0.8367.16N/AN/A3,548,5802,961,5609,586,22011,673,690
2015-05-11$8.43$7.7126.8%7.8%63.6%8.1%27.8%2.0%0.5%116.9M-3.80B-11.1M0.9655.14N/AN/A4,306,8904,114,8808,400,14010,552,920
2015-05-12$8.34$7.7926.3%7.7%64.1%6.6%27.5%2.0%0.3%47.0M-3.24B-11.7M1.3257.58N/AN/A2,313,6403,057,6709,098,25011,799,900
2015-05-13$8.29$7.7927.3%8.0%64.0%9.4%29.1%1.4%0.7%28.2M-2.95B-12.5M0.9559.09N/AN/A3,165,2603,008,1809,565,01012,363,470
2015-05-14$8.38$7.7926.4%7.7%18.2%7.1%27.3%1.8%0.3%96.8M-3.38B-12.7M0.8760.12N/AN/A2,850,8902,489,27010,072,51012,968,410
2015-05-15$8.76$7.7927.2%7.9%23.5%9.3%28.4%0.4%0.5%138.3M-5.98B-12.3M0.7053.01N/AN/A10,575,6707,394,10010,755,85013,415,010
2015-05-18$8.83$7.8627.6%8.0%23.0%10.4%28.5%1.5%-0.5%93.0M-3.52B-12.7M0.8853.21N/AN/A2,488,9902,186,1708,080,94011,107,600
2015-05-19$8.81$7.8626.7%7.7%22.5%7.7%27.2%1.3%0.1%100.1M-3.45B-13.0M1.0149.04N/AN/A3,540,8803,569,1608,742,09011,843,860
2015-05-20$8.88$7.8626.8%7.7%22.1%8.0%27.3%1.3%0.5%106.0M-3.67B-13.5M0.9952.59N/AN/A2,565,9902,537,6409,402,61012,866,560
2015-05-21$8.90$7.8626.6%7.6%22.1%7.4%27.2%1.2%-0.0%167.3M-3.93B-13.3M0.9949.89N/AN/A2,983,8902,960,3709,846,13013,239,590
2015-05-22$8.89$7.9324.9%7.1%22.1%3.0%25.5%1.3%0.6%128.6M-3.87B-13.0M0.9253.03N/AN/A3,094,5602,859,01010,293,43013,714,400
2015-05-26$8.81$7.9325.9%7.4%22.5%5.6%26.6%1.4%-0.2%55.7M-2.97B-12.8M1.4856.29N/AN/A2,019,3602,992,7808,398,04011,512,060
2015-05-27$8.98$8.0025.7%7.4%22.8%5.2%26.7%1.6%-0.1%173.2M-3.79B-12.5M1.0457.29N/AN/A2,518,1802,608,5508,741,53011,996,670
2015-05-28$8.96$8.0025.5%7.2%22.9%4.5%25.8%1.5%-0.2%195.4M-3.75B-12.6M1.0451.51N/AN/A2,624,8602,730,7709,313,99012,718,510
2015-05-29$8.93$8.0025.3%7.2%22.2%3.9%26.5%1.2%-0.0%119.7M-3.47B-12.8M0.9555.09N/AN/A4,512,0604,267,7609,695,00013,189,050