NFLX Options History — April 2018

In April 2018, NFLX traded between $27.97 and $33.63. ATM implied volatility averaged 47.1%, placing in the 63.5% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded below realized volatility by 5.6% (HV 20d: 52.7%). Max pain ranged from $29.50 to $33.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.69.

Notable Days

  • 2018-04-17: Highest Volume — 5,091,150 contracts
  • 2018-04-17: Largest IV drop — 32.8% change
  • 2018-04-02: Highest IV Rank — 94.5%
  • 2018-04-03: Largest Expected Move — 20.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.75$27.97$33.63$27.97$31.32
Max Pain$31.10$29.50$33.00$29.50$33.00
ATM IV47.1%34.8%59.5%59.5%34.8%
Expected Move13.7%10.0%20.0%19.9%10.2%
HV 20d52.7%45.5%59.6%54.4%45.5%
HV 60d48.1%47.0%51.3%47.8%47.0%
IV Rank63.5%31.9%94.5%94.5%31.9%
IV Percentile80.3%53.2%99.2%99.2%53.2%
Term Structure-1.7%-3.5%0.2%-2.7%0.1%
VWIV47.5%35.3%68.9%68.1%35.9%
Skew 25d5.0%2.5%7.4%7.4%4.0%
Skew 10d8.9%4.3%13.3%12.4%7.4%
Call IV 25d44.6%32.7%56.0%54.7%32.7%
Put IV 25d49.6%36.1%62.9%62.1%36.7%
Bid-Ask Spread %5.402.9513.769.393.97
Gamma HHI0.060.030.160.030.08
Net GEX66.3M-91.6K182.3M-91.6K78.9M
Net DEX-4.11B-8.47B-1.47B-1.47B-3.54B
Net VEX-22.3M-24.5M-18.3M-22.7M-23.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.490.990.740.99
Total Volume1,815,879.0481,003,3805,091,1501,401,3301,003,840
Total OI8,427,512.8577,286,52010,202,9907,664,6207,987,250

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$27.97$29.5059.5%19.9%54.4%94.5%68.1%7.4%-2.7%-91.6K-1.47B-22.7M0.749.39N/AN/A806,380594,9503,563,4204,101,200
2018-04-03$28.34$29.5059.5%20.0%51.7%94.3%68.9%7.3%-3.1%13.4M-1.86B-22.5M0.597.12N/AN/A716,260423,8003,729,5704,225,230
2018-04-04$29.00$29.5057.2%19.9%51.0%88.7%68.4%6.9%-3.3%36.4M-2.61B-23.0M0.698.27N/AN/A686,430474,9203,832,5204,290,440
2018-04-05$29.50$29.5054.9%14.5%51.5%83.0%50.4%6.3%-2.5%68.1M-3.29B-22.8M0.623.65N/AN/A854,460529,8903,914,1704,372,290
2018-04-06$28.91$29.5058.4%15.3%51.7%91.7%53.5%6.9%-3.4%34.7M-2.42B-23.0M0.6513.76N/AN/A1,200,400774,8003,984,3704,444,190
2018-04-09$29.17$29.5058.0%15.6%48.6%90.6%53.8%6.8%-2.7%24.5M-2.75B-22.6M0.576.34N/AN/A638,540364,8403,630,6304,206,900
2018-04-10$29.81$29.5054.3%14.7%48.7%81.4%51.4%6.2%-2.5%34.6M-3.44B-22.0M0.604.74N/AN/A697,630415,6103,704,8204,290,860
2018-04-11$30.51$29.5055.4%15.0%49.3%84.3%51.8%5.9%-3.0%66.8M-4.47B-21.9M0.644.70N/AN/A1,188,560754,8803,809,8004,348,220
2018-04-12$31.06$30.0054.3%14.9%49.2%81.5%52.1%5.4%-2.9%102.7M-5.24B-21.8M0.683.10N/AN/A771,770527,4803,975,7204,466,960
2018-04-13$31.11$30.0054.8%15.0%49.2%82.6%51.9%5.5%-3.5%140.2M-5.32B-21.9M0.623.34N/AN/A1,325,570826,7504,038,5104,548,020
2018-04-16$30.63$30.0052.4%14.8%49.5%76.7%51.8%4.8%-2.0%53.5M-4.29B-20.9M0.833.60N/AN/A1,215,5101,008,5103,690,0704,221,360
2018-04-17$33.63$30.0035.2%10.1%59.6%34.0%35.9%3.1%-0.1%182.3M-8.47B-18.3M0.942.95N/AN/A2,618,5202,472,6304,108,2604,655,580
2018-04-18$33.48$33.0034.8%10.0%59.5%32.8%35.3%2.6%0.0%152.9M-8.08B-21.3M0.692.95N/AN/A1,014,340695,0404,576,3505,272,920
2018-04-19$33.49$33.0035.4%10.1%59.5%34.4%35.9%3.1%0.1%154.6M-8.09B-21.9M0.495.82N/AN/A979,890482,1204,709,5605,395,150
2018-04-20$32.70$33.0035.9%10.3%59.0%35.7%35.7%2.5%0.2%7.6M-6.37B-21.7M0.635.21N/AN/A1,495,490946,9704,774,0205,428,970
2018-04-23$31.82$33.0037.1%10.7%59.6%38.6%37.5%2.8%-1.1%38.0M-3.47B-22.1M0.675.03N/AN/A956,820643,1703,342,6303,943,890
2018-04-24$30.43$33.0040.8%11.9%57.4%47.8%40.9%3.5%-1.1%4.6M-1.90B-22.4M0.544.65N/AN/A1,750,130947,5203,641,3204,128,490
2018-04-25$30.41$33.0043.0%12.5%52.5%52.7%43.9%5.0%-1.2%36.7M-2.26B-24.5M0.855.69N/AN/A1,011,540859,2504,062,0204,230,540
2018-04-26$31.40$33.0038.5%11.1%50.5%41.2%39.3%4.3%-0.8%102.9M-3.76B-24.3M0.645.09N/AN/A915,530589,5504,209,2304,387,750
2018-04-27$31.16$33.0035.8%10.2%49.9%34.4%35.8%4.4%-0.5%57.9M-3.13B-23.5M0.804.02N/AN/A1,086,600866,5704,267,5804,466,990
2018-04-30$31.32$33.0034.8%10.2%45.5%31.9%35.9%4.0%0.1%78.9M-3.54B-23.9M0.993.97N/AN/A504,370499,4703,850,9304,136,320