NFLX Options History — March 2018

In March 2018, NFLX traded between $28.70 and $33.12. ATM implied volatility averaged 44.8%, placing in the 79.9% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 4.5% (HV 20d: 40.3%). Max pain ranged from $24.00 to $30.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.91.

Notable Days

  • 2018-03-05: Highest Volume — 3,121,420 contracts
  • 2018-03-19: Largest IV spike — 25.6% change
  • 2018-03-19: Highest IV Rank — 100.0%
  • 2018-03-28: Largest Expected Move — 19.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.23$28.70$33.12$29.02$29.48
Max Pain$27.46$24.00$30.00$25.50$29.75
ATM IV44.8%36.2%61.7%38.6%56.1%
Expected Move14.3%11.2%19.1%11.2%17.3%
HV 20d40.3%34.6%53.0%40.3%53.0%
HV 60d41.2%37.7%46.9%37.7%46.3%
IV Rank79.9%58.1%100.0%68.7%86.0%
IV Percentile79.9%60.3%100.0%67.5%99.2%
Term Structure1.6%-3.3%15.0%-0.2%-2.8%
VWIV50.2%39.6%65.7%39.6%60.0%
Skew 25d3.9%2.1%6.8%4.5%6.6%
Skew 10d6.7%3.5%11.7%8.1%11.1%
Call IV 25d42.8%32.0%58.1%36.8%53.1%
Put IV 25d46.8%34.3%65.0%41.4%59.7%
Bid-Ask Spread %13.933.3033.486.8114.85
Gamma HHI0.080.030.360.100.15
Net GEX59.9M-100.1M213.2M58.4M-30.2M
Net DEX-5.97B-10.12B-1.57B-5.16B-2.53B
Net VEX-21.2M-23.7M-18.2M-19.4M-23.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.910.671.231.020.67
Total Volume1,844,636.667635,6803,121,4201,962,1002,429,980
Total OI8,551,917.1437,120,47010,079,9008,078,5608,158,250

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-03-01$29.02$25.5038.6%11.2%40.3%68.7%39.6%4.5%-0.2%58.4M-5.16B-19.4M1.026.81N/AN/A970,020992,0803,821,1104,257,450
2018-03-02$30.09$25.5039.8%11.6%40.9%73.4%42.2%5.4%-0.8%212.5M-6.95B-18.8M0.824.28N/AN/A1,456,5801,199,2803,964,6204,427,610
2018-03-05$31.48$24.0039.4%13.0%43.2%71.8%46.4%4.5%-0.6%110.6M-7.61B-18.2M0.7719.74N/AN/A1,767,6001,353,8203,724,1404,143,790
2018-03-06$32.51$26.0040.3%13.4%39.6%75.1%47.8%3.5%-0.8%125.5M-8.78B-19.3M0.763.30N/AN/A1,611,2901,230,7504,127,0604,576,440
2018-03-07$32.10$26.5039.5%13.4%39.5%72.4%47.3%3.5%-0.7%102.9M-8.20B-20.7M0.906.96N/AN/A1,248,3201,119,8004,427,6804,887,280
2018-03-08$31.66$26.5037.5%12.6%40.3%64.7%44.4%3.1%-0.5%75.7M-7.56B-20.7M0.916.74N/AN/A971,620884,9404,607,3805,044,990
2018-03-09$33.12$27.0036.6%13.3%34.6%61.6%46.8%2.5%-0.2%213.2M-10.12B-20.1M0.7928.38N/AN/A1,702,5101,340,8104,741,1405,191,250
2018-03-12$32.12$27.0037.2%13.6%37.4%63.7%48.4%2.4%10.4%85.6M-7.77B-20.7M0.9525.27N/AN/A1,089,1301,033,6104,457,9604,764,750
2018-03-13$31.55$27.5037.4%13.8%38.3%63.8%48.5%2.5%10.8%54.4M-6.79B-22.0M0.8633.48N/AN/A795,360684,9104,643,2005,000,600
2018-03-14$32.15$27.5036.2%13.5%38.3%59.3%47.4%2.4%10.7%89.8M-7.81B-21.6M0.9028.53N/AN/A641,130577,2304,729,7305,087,250
2018-03-15$32.12$27.5036.3%13.1%37.3%58.1%45.8%2.1%11.7%81.3M-7.78B-21.1M0.8124.76N/AN/A570,370463,6804,782,3605,159,990
2018-03-16$31.88$27.5038.3%13.7%35.4%66.1%47.7%2.3%15.0%61.1M-7.34B-20.7M0.8113.79N/AN/A961,530781,2404,872,6505,207,250
2018-03-19$31.35$28.0048.1%14.7%36.2%100.0%51.2%3.4%-1.8%33.5M-4.50B-21.5M1.2312.31N/AN/A601,980743,3503,338,3003,782,170
2018-03-20$31.75$28.0048.1%14.2%36.2%100.0%49.4%3.4%-2.0%49.0M-5.01B-21.5M1.105.15N/AN/A373,120408,7503,458,5903,987,080
2018-03-21$31.65$28.0049.9%14.3%36.4%100.0%50.1%3.5%-2.0%40.4M-4.89B-21.3M1.016.18N/AN/A315,570320,1103,518,7904,059,760
2018-03-22$30.69$28.5052.8%15.3%38.1%100.0%52.7%4.3%-2.6%-32.5M-3.62B-22.2M1.047.77N/AN/A620,020642,9603,555,1904,122,250
2018-03-23$30.16$28.5054.6%15.9%38.0%100.0%55.5%4.8%-2.5%-100.1M-2.88B-23.0M1.1215.82N/AN/A825,030921,6203,662,4604,239,840
2018-03-26$32.10$28.5052.1%15.6%42.7%92.7%54.9%5.3%-2.1%60.3M-5.39B-21.6M0.817.33N/AN/A816,030661,6303,368,6903,991,860
2018-03-27$30.08$29.5060.9%18.5%49.2%100.0%63.1%5.7%-3.3%1.2M-3.19B-23.6M0.9012.09N/AN/A864,990780,4903,581,4004,158,740
2018-03-28$28.70$30.0061.7%19.1%52.1%100.0%65.7%6.8%-2.9%-33.8M-1.57B-23.7M0.969.07N/AN/A1,002,380961,7503,688,3404,270,870
2018-03-29$29.48$29.7556.1%17.3%53.0%86.0%60.0%6.6%-2.8%-30.2M-2.53B-23.2M0.6714.85N/AN/A1,458,230971,7503,842,0304,316,220