NFLX Options History — March 2016

In March 2016, NFLX traded between $9.56 and $10.41. ATM implied volatility averaged 53.1%, placing in the 44.5% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 9.2% (HV 20d: 43.9%). Max pain ranged from $9.00 to $10.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.77.

Notable Days

  • 2016-03-04: Highest Volume — 2,648,000 contracts
  • 2016-03-21: Largest IV spike — 21.5% change
  • 2016-03-28: Highest IV Rank — 68.1%
  • 2016-03-07: Largest Expected Move — 16.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.93$9.56$10.41$9.80$10.22
Max Pain$9.68$9.00$10.00$10.00$10.00
ATM IV53.1%41.1%68.5%46.7%65.5%
Expected Move13.4%10.6%16.3%13.9%11.5%
HV 20d43.9%33.5%55.2%55.2%33.5%
HV 60d52.7%52.1%53.6%52.7%52.1%
IV Rank44.5%26.1%68.1%34.7%63.5%
IV Percentile58.8%29.8%85.7%44.0%81.3%
Term Structure4.0%-4.3%20.6%-0.8%-4.3%
VWIV47.6%37.8%58.3%50.9%40.5%
Skew 25d5.4%3.9%7.7%5.5%7.7%
Skew 10d10.3%7.8%14.4%10.5%14.4%
Call IV 25d50.5%38.2%63.7%44.4%62.2%
Put IV 25d55.9%42.1%70.9%50.0%69.9%
Bid-Ask Spread %11.623.0348.904.665.59
Gamma HHI0.090.060.230.080.07
Net GEX24.3M-20.6M58.6M25.8M42.9M
Net DEX-705.9M-1.34B-205.9M-739.1M-951.3M
Net VEX-10.0M-10.4M-9.4M-10.3M-10.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.500.980.860.62
Total Volume1,372,511.818775,1502,648,0001,527,3501,088,390
Total OI7,630,136.8186,096,4109,129,2007,446,1607,414,850

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-03-01$9.80$10.0046.7%13.9%55.2%34.7%50.9%5.5%-0.8%25.8M-739.1M-10.3M0.864.66N/AN/A821,540705,8103,840,7603,605,400
2016-03-02$9.75$10.0044.1%13.0%54.1%30.7%46.7%4.9%0.5%23.4M-631.2M-10.3M0.914.08N/AN/A726,990664,0603,944,2503,795,770
2016-03-03$9.77$9.0043.8%15.6%54.0%30.3%55.7%4.5%0.5%27.0M-658.7M-10.4M0.768.11N/AN/A672,490509,1604,092,4903,996,590
2016-03-04$10.17$9.0041.1%14.7%55.1%26.1%52.1%4.7%0.8%58.6M-1.34B-10.2M0.747.03N/AN/A1,519,3901,128,6104,182,7004,060,650
2016-03-07$9.56$9.0046.0%16.3%50.3%33.6%58.3%4.8%10.6%3.0M-205.9M-10.0M0.7144.64N/AN/A1,037,580735,3803,824,8003,833,980
2016-03-08$9.62$9.5047.4%16.2%50.3%35.8%56.8%4.8%9.1%13.7M-351.1M-10.3M0.7246.54N/AN/A919,640660,9604,133,4803,990,130
2016-03-09$9.78$9.5046.1%15.9%49.6%33.8%56.8%4.5%9.5%20.5M-545.8M-10.4M0.6048.90N/AN/A783,960469,3504,184,9204,172,490
2016-03-10$9.72$9.5047.2%16.1%49.2%35.4%55.5%4.7%11.0%26.1M-476.1M-10.2M0.9810.16N/AN/A695,470684,8604,346,5004,240,640
2016-03-11$9.76$9.5047.1%15.3%48.1%35.4%55.2%4.2%10.0%29.6M-509.9M-10.1M0.619.47N/AN/A1,094,630669,2604,360,4304,344,780
2016-03-14$9.84$9.5051.6%15.5%48.1%42.3%54.7%4.5%7.5%16.1M-550.6M-9.8M0.779.87N/AN/A439,170335,9803,924,0903,978,480
2016-03-15$9.79$9.5051.8%15.2%48.1%42.6%54.3%4.3%8.4%15.5M-454.6M-9.7M0.827.70N/AN/A452,010372,9204,032,7004,090,700
2016-03-16$9.93$9.5050.2%14.4%43.1%40.0%51.7%4.5%9.1%31.8M-701.3M-9.6M0.957.89N/AN/A494,890470,4504,076,0704,129,420
2016-03-17$10.02$9.5044.1%11.5%39.0%30.7%40.8%4.2%19.3%44.2M-885.1M-9.4M0.854.55N/AN/A695,540589,4304,094,3904,177,740
2016-03-18$10.10$10.0047.6%11.4%38.5%36.1%40.3%3.9%20.6%17.5M-1.32B-9.7M0.764.03N/AN/A1,032,910781,5004,464,3904,664,810
2016-03-21$10.12$10.0057.9%11.4%37.5%51.8%40.6%6.5%-2.7%25.3M-811.0M-10.0M0.924.46N/AN/A507,220466,5203,101,7902,994,620
2016-03-22$9.98$10.0061.9%11.8%36.1%58.0%41.7%6.2%-2.9%15.2M-564.6M-9.9M0.963.40N/AN/A501,170482,4003,111,4103,154,910
2016-03-23$9.96$10.0063.7%11.6%35.4%60.8%41.0%6.5%-3.4%12.4M-537.8M-9.9M0.803.03N/AN/A579,170464,6603,247,9103,296,160
2016-03-24$9.83$10.0064.5%11.1%34.4%61.9%39.3%6.9%-3.2%-20.6M-349.4M-9.8M0.683.76N/AN/A880,500598,9403,355,7303,363,070
2016-03-28$10.12$10.0068.5%11.0%35.8%68.1%39.2%7.3%-4.1%21.3M-760.3M-9.9M0.505.11N/AN/A1,031,710519,6503,139,8503,174,880
2016-03-29$10.41$10.0066.1%10.6%36.1%64.4%37.8%7.2%-3.8%43.5M-1.22B-10.1M0.576.73N/AN/A997,760573,5303,440,7803,347,940
2016-03-30$10.22$10.0065.5%10.7%33.6%63.4%37.8%6.8%-4.0%42.8M-969.8M-10.2M0.795.85N/AN/A748,420591,2803,643,0403,492,520
2016-03-31$10.22$10.0065.5%11.5%33.5%63.5%40.5%7.7%-4.3%42.9M-951.3M-10.4M0.625.59N/AN/A672,480415,9103,794,4503,620,400