NFLX Options History — January 2019

In January 2019, NFLX traded between $26.70 and $35.48. ATM implied volatility averaged 51.6%, placing in the 53.2% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded below realized volatility by 5.2% (HV 20d: 56.8%). Max pain ranged from $27.00 to $33.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.88.

Notable Days

  • 2019-01-18: Highest Volume — 5,034,830 contracts
  • 2019-01-18: Largest IV drop — 26.1% change
  • 2019-01-03: Highest IV Rank — 86.0%
  • 2019-01-02: Largest Expected Move — 21.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.58$26.70$35.48$26.70$33.94
Max Pain$29.81$27.00$33.00$27.00$33.00
ATM IV51.6%38.5%68.0%65.3%39.6%
Expected Move14.7%11.1%21.6%21.6%11.4%
HV 20d56.8%49.9%62.1%52.0%52.9%
HV 60d56.1%51.0%59.3%56.4%51.0%
IV Rank53.2%27.1%86.0%80.6%29.1%
IV Percentile71.5%42.5%98.4%97.2%44.4%
Term Structure-1.6%-3.5%0.7%-2.6%0.1%
VWIV52.1%39.7%76.4%76.4%40.1%
Skew 25d8.1%5.3%13.0%12.4%5.9%
Skew 10d15.2%8.8%25.6%24.1%11.2%
Call IV 25d47.6%35.6%62.2%59.3%36.8%
Put IV 25d55.7%41.7%75.1%71.7%42.7%
Bid-Ask Spread %6.053.6314.745.007.90
Gamma HHI0.050.030.240.030.05
Net GEX58.9M-28.3M191.8M-8.5M108.9M
Net DEX-3.36B-7.21B917.3M917.3M-3.01B
Net VEX-30.8M-32.0M-26.5M-26.5M-31.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.681.141.140.68
Total Volume2,005,722.857280,8705,034,8301,240,0401,407,780
Total OI8,870,628.5717,046,99011,473,2908,749,6107,985,020

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$26.70$27.0065.3%21.6%52.0%80.6%76.4%12.4%-2.6%-8.5M917.3M-26.5M1.145.00N/AN/A579,890660,1503,969,0704,780,540
2019-01-03$27.24$28.0068.0%18.1%49.9%86.0%62.7%13.0%-3.5%8.0M275.5M-27.6M0.826.00N/AN/A880,770723,0104,046,9704,867,110
2019-01-04$29.60$28.0064.1%17.1%58.1%78.1%61.1%11.8%-2.9%32.9M-2.46B-29.7M0.705.71N/AN/A1,905,5901,341,9204,161,4004,969,070
2019-01-07$31.61$28.0065.3%17.6%62.0%80.5%62.3%11.0%-2.8%51.5M-3.73B-30.8M0.973.71N/AN/A338,380329,3403,988,2504,781,050
2019-01-08$31.96$28.0061.6%16.7%59.9%73.1%60.2%10.2%-2.8%64.4M-4.11B-30.9M0.913.63N/AN/A1,082,950990,7704,213,5505,025,770
2019-01-09$32.02$28.0059.7%16.3%59.8%69.3%58.1%9.6%-2.9%71.2M-4.16B-30.9M0.994.29N/AN/A719,000712,6504,326,8405,227,380
2019-01-10$32.49$28.0059.1%16.2%59.2%68.1%58.1%9.3%-2.9%96.3M-4.72B-31.0M0.954.56N/AN/A935,950888,1904,377,4005,358,850
2019-01-11$33.79$28.0056.8%15.7%59.3%63.6%56.3%7.9%-2.9%112.2M-6.44B-30.8M0.855.00N/AN/A2,329,8701,972,3604,414,6605,455,220
2019-01-14$33.38$29.0056.7%16.0%59.7%63.4%57.7%8.0%-2.5%59.0M-4.88B-31.0M1.035.05N/AN/A461,150473,9804,187,7505,105,110
2019-01-15$35.48$29.5053.3%15.2%59.3%56.5%53.5%7.3%-2.7%98.5M-7.21B-30.6M0.836.09N/AN/A1,315,6101,089,4604,284,0605,235,260
2019-01-16$35.07$30.0053.3%15.3%59.1%56.6%54.3%7.3%-2.7%86.9M-6.56B-31.5M0.949.03N/AN/A798,870752,1404,546,0805,521,670
2019-01-17$35.29$30.0055.1%15.9%58.4%60.3%56.6%6.7%-2.6%86.6M-6.70B-32.0M0.9414.74N/AN/A1,392,6501,312,9904,722,4905,731,370
2019-01-18$33.97$31.0040.8%11.7%60.1%31.5%41.2%5.3%-0.5%17.6M-4.80B-30.7M0.807.19N/AN/A2,801,6202,233,2105,178,4906,294,800
2019-01-22$32.47$31.5044.7%13.2%62.1%39.4%46.6%6.5%-0.5%-7.8M-848.6M-31.0M0.928.39N/AN/A1,259,6201,152,7203,332,3203,714,670
2019-01-23$32.16$31.5041.7%12.2%56.9%33.5%43.0%6.6%0.1%-28.3M-644.5M-31.1M1.025.34N/AN/A934,600949,2703,613,9103,970,490
2019-01-24$32.65$31.5041.1%12.0%53.8%32.2%43.3%6.9%0.3%-675.2K-1.32B-31.7M1.043.73N/AN/A1,004,4201,047,2003,771,0604,118,510
2019-01-25$33.75$31.5038.5%11.1%51.7%27.1%39.7%6.1%0.7%191.8M-2.96B-31.8M0.726.77N/AN/A1,472,4601,066,2203,926,2404,268,440
2019-01-28$33.58$31.5039.9%11.6%52.2%29.9%41.0%6.1%-0.1%57.3M-2.37B-32.0M0.705.23N/AN/A165,360115,5103,491,1703,860,720
2019-01-29$32.92$31.5040.3%11.8%53.5%30.6%41.1%6.3%0.1%30.3M-1.61B-31.7M0.865.09N/AN/A570,870491,9103,668,5403,980,420
2019-01-30$34.03$31.5039.5%11.5%52.9%29.0%40.9%5.9%0.2%109.5M-3.14B-32.0M0.684.72N/AN/A870,810588,9603,744,9604,066,520
2019-01-31$33.94$33.0039.6%11.4%52.9%29.1%40.1%5.9%0.1%108.9M-3.01B-31.9M0.687.90N/AN/A835,630572,1503,823,8404,161,180