NFLX Options History — August 2018

In August 2018, NFLX traded between $31.70 and $37.05. ATM implied volatility averaged 30.9%, placing in the 21.9% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded below realized volatility by 3.0% (HV 20d: 33.9%). Max pain ranged from $34.00 to $37.00. Net GEX was positive for 13 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.78.

Notable Days

  • 2018-08-24: Highest Volume — 4,618,730 contracts
  • 2018-08-15: Largest IV spike — 21.5% change
  • 2018-08-27: Highest IV Rank — 33.9%
  • 2018-08-27: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.62$31.70$37.05$33.94$36.74
Max Pain$34.45$34.00$37.00$37.00$34.25
ATM IV30.9%27.2%35.6%31.7%33.7%
Expected Move8.9%8.0%10.3%9.3%9.6%
HV 20d33.9%28.6%40.0%37.7%34.0%
HV 60d35.5%34.2%37.6%34.2%37.6%
IV Rank21.9%12.5%33.9%24.1%28.9%
IV Percentile38.0%16.3%54.4%43.7%47.2%
Term Structure-0.0%-0.7%0.7%-0.7%0.1%
VWIV31.6%28.0%36.6%33.0%34.2%
Skew 25d1.4%-0.5%4.3%2.5%-0.0%
Skew 10d2.4%-1.4%8.3%4.4%-0.7%
Call IV 25d30.6%26.7%36.1%31.0%34.0%
Put IV 25d32.0%28.1%35.9%33.5%33.9%
Bid-Ask Spread %6.432.799.624.427.61
Gamma HHI0.050.040.110.050.05
Net GEX22.7M-146.6M199.6M-68.5M104.7M
Net DEX-1.61B-7.68B3.43B1.51B-6.70B
Net VEX-34.9M-39.6M-31.6M-32.4M-39.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.571.191.060.63
Total Volume1,986,925.6521,094,0204,618,7301,468,0902,069,100
Total OI10,499,328.6968,945,18011,383,36010,393,76011,383,360

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$33.94$37.0031.7%9.3%37.7%24.1%33.0%2.5%-0.7%-68.5M1.51B-32.4M1.064.42N/AN/A712,080756,0104,840,5405,553,220
2018-08-02$34.39$37.0030.5%8.7%37.3%21.0%31.7%2.1%-0.6%-14.5M604.8M-32.1M0.903.59N/AN/A792,810712,4704,901,6305,632,700
2018-08-03$34.28$37.0029.6%8.3%35.4%18.7%30.0%2.0%-0.4%-3.0M797.5M-31.8M0.812.79N/AN/A1,129,600916,2004,974,2305,661,950
2018-08-06$35.09$34.0028.4%8.3%35.3%15.6%29.3%1.6%0.3%19.7M-755.9M-33.1M0.713.46N/AN/A867,380613,0104,609,6205,382,300
2018-08-07$35.18$34.0028.1%8.3%35.5%15.0%29.4%1.4%0.4%53.1M-1.20B-34.0M0.694.47N/AN/A841,720578,3104,825,4805,510,440
2018-08-08$34.84$34.0028.5%8.4%35.0%16.0%29.5%1.3%0.4%12.2M-436.3M-33.8M0.982.95N/AN/A613,760600,2404,904,0905,581,490
2018-08-09$34.97$34.0027.6%8.2%35.2%13.6%28.8%1.2%0.6%35.6M-568.7M-32.7M0.877.11N/AN/A585,170508,8505,005,9405,720,220
2018-08-10$34.56$34.0027.6%8.1%33.0%13.7%28.4%1.5%0.6%-68.0M431.1M-32.3M1.038.62N/AN/A759,700781,3905,045,5305,771,700
2018-08-13$34.20$34.5028.3%8.2%32.5%15.5%28.7%1.4%0.1%-70.2M867.9M-32.0M0.807.66N/AN/A738,870593,6504,746,4205,500,400
2018-08-14$33.74$34.5027.2%8.0%28.6%12.5%28.0%1.5%0.7%-87.7M1.51B-31.6M0.689.55N/AN/A706,330480,8504,948,9905,592,480
2018-08-15$32.60$34.0033.0%9.4%30.1%27.3%32.9%3.9%-0.2%-146.6M2.99B-31.8M0.868.15N/AN/A1,400,3201,210,4205,096,3905,612,770
2018-08-16$32.22$34.0031.2%9.0%29.2%22.7%31.6%4.1%0.4%-142.0M2.76B-31.8M0.926.03N/AN/A828,860762,5405,376,9305,593,560
2018-08-17$31.70$34.0031.2%9.0%29.4%22.7%31.6%4.3%0.2%-135.7M3.43B-32.4M1.196.54N/AN/A1,095,4201,300,3505,478,2305,662,850
2018-08-20$32.74$34.0031.1%8.9%32.3%22.5%31.7%2.6%-0.1%-21.0M-43.9M-34.0M0.615.95N/AN/A1,509,640919,0304,017,9004,927,280
2018-08-21$33.80$34.0031.9%9.1%34.6%24.6%32.7%0.8%-0.2%60.9M-2.10B-36.1M0.636.78N/AN/A1,614,2401,011,0704,373,1005,140,350
2018-08-22$34.47$34.0030.6%8.8%34.9%21.1%31.4%0.4%-0.2%109.2M-3.43B-38.5M0.639.62N/AN/A1,015,170634,5204,760,2305,463,370
2018-08-23$33.88$34.0030.5%8.8%35.2%21.0%31.1%0.7%-0.1%65.2M-2.15B-38.4M0.676.23N/AN/A1,117,430743,6004,875,6805,538,650
2018-08-24$35.74$34.0031.7%9.1%40.0%24.0%32.4%-0.1%-0.4%187.3M-6.31B-38.3M0.666.65N/AN/A2,780,1401,838,5904,980,9905,638,210
2018-08-27$36.32$34.0035.6%10.3%33.5%33.9%36.6%-0.2%-0.6%122.7M-6.12B-39.0M0.636.29N/AN/A2,007,9101,262,2404,636,0105,407,450
2018-08-28$36.96$34.0034.6%10.0%33.9%31.3%35.6%-0.0%-0.5%145.4M-7.21B-39.2M0.686.66N/AN/A1,100,900753,6104,961,1205,712,800
2018-08-29$36.84$34.0033.5%9.7%34.0%28.5%34.4%-0.3%-0.1%162.8M-7.19B-39.4M0.697.22N/AN/A976,250671,1305,138,8205,810,790
2018-08-30$37.05$34.0034.1%9.8%33.8%30.1%34.5%-0.5%-0.1%199.6M-7.68B-39.3M0.579.48N/AN/A1,774,2301,014,1805,271,9405,916,410
2018-08-31$36.74$34.2533.7%9.6%34.0%28.9%34.2%-0.0%0.1%104.7M-6.70B-39.6M0.637.61N/AN/A1,270,770798,3305,370,2706,013,090