NFLX Options History — February 2019

In February 2019, NFLX traded between $33.90 and $36.49. ATM implied volatility averaged 34.9%, placing in the 19.9% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 3.4% (HV 20d: 38.3%). Max pain ranged from $33.00 to $34.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 0.71.

Notable Days

  • 2019-02-15: Highest Volume — 2,233,520 contracts
  • 2019-02-07: Largest IV spike — 6.5% change
  • 2019-02-08: Highest IV Rank — 26.7%
  • 2019-02-08: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.55$33.90$36.49$33.90$35.85
Max Pain$33.34$33.00$34.00$33.00$34.00
ATM IV34.9%31.6%38.3%36.3%32.7%
Expected Move9.9%8.6%11.0%10.6%9.1%
HV 20d38.3%28.6%53.0%53.0%28.6%
HV 60d48.6%46.3%51.1%50.9%46.3%
IV Rank19.9%13.2%26.7%22.7%15.5%
IV Percentile28.3%17.9%41.3%33.7%21.4%
Term Structure0.2%-0.3%0.5%0.3%0.1%
VWIV35.3%30.8%39.3%37.7%31.8%
Skew 25d4.2%3.6%5.3%5.3%3.8%
Skew 10d7.4%6.3%10.0%10.0%6.8%
Call IV 25d33.1%29.9%36.3%33.8%30.9%
Put IV 25d37.3%33.7%41.0%39.1%34.7%
Bid-Ask Spread %6.853.1611.3011.303.22
Gamma HHI0.050.040.150.150.04
Net GEX136.0M46.0M218.6M140.8M47.8M
Net DEX-3.90B-5.28B-2.88B-2.91B-2.88B
Net VEX-30.3M-31.3M-29.1M-31.1M-29.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.480.860.840.68
Total Volume1,598,437.368819,6602,233,5202,035,0501,200,680
Total OI7,796,597.3686,849,3008,647,1908,154,0607,465,520

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$33.90$33.0036.3%10.6%53.0%22.7%37.7%5.3%0.3%140.8M-2.91B-31.1M0.8411.30N/AN/A1,105,450929,6003,919,5804,234,480
2019-02-04$35.07$33.0037.0%10.6%46.6%24.0%38.2%4.8%0.1%123.8M-4.10B-31.0M0.697.33N/AN/A819,780569,3103,564,3803,912,190
2019-02-05$35.74$33.0035.9%10.4%41.7%21.8%36.8%4.0%0.3%179.5M-5.12B-30.6M0.607.24N/AN/A1,185,430706,1803,766,2004,029,660
2019-02-06$35.27$33.0035.8%10.2%42.2%21.7%36.6%4.0%-0.2%154.6M-4.39B-31.2M0.637.03N/AN/A941,480592,0103,941,6604,194,570
2019-02-07$34.37$33.0038.1%10.9%43.6%26.3%38.4%4.4%-0.3%46.0M-2.95B-31.3M0.799.91N/AN/A1,000,090792,5104,138,8604,305,200
2019-02-08$34.68$33.0038.3%11.0%43.5%26.7%39.3%4.7%0.2%121.2M-3.50B-31.2M0.797.94N/AN/A1,157,560910,9104,168,2204,387,490
2019-02-11$34.63$33.0036.4%10.5%41.4%22.9%37.0%4.8%0.1%99.9M-3.27B-30.6M0.829.69N/AN/A450,140369,5203,789,6804,004,400
2019-02-12$35.93$33.0035.4%10.1%42.9%20.7%36.9%3.9%0.3%190.7M-5.11B-30.5M0.648.35N/AN/A1,077,160688,4303,861,3204,080,710
2019-02-13$35.14$33.0035.2%10.1%38.0%20.5%35.6%4.2%0.1%126.1M-3.90B-30.4M0.4810.64N/AN/A1,264,500602,5604,063,9804,224,900
2019-02-14$35.97$33.5035.9%10.3%38.6%21.7%36.5%4.4%0.4%218.6M-5.28B-30.7M0.639.93N/AN/A1,105,930699,7304,082,4604,333,460
2019-02-15$35.60$33.5035.1%10.0%38.8%20.3%35.6%4.3%0.4%154.1M-4.70B-30.7M0.639.34N/AN/A1,366,960866,5604,229,0204,418,170
2019-02-19$36.49$33.5034.7%10.0%36.9%19.4%36.0%4.4%0.4%175.9M-4.19B-29.7M0.684.80N/AN/A890,150607,9603,293,9103,555,390
2019-02-20$35.95$33.5034.1%9.7%32.9%18.2%34.5%3.7%0.1%151.1M-3.58B-30.3M0.694.73N/AN/A872,100601,0303,562,0403,800,070
2019-02-21$35.62$33.5033.7%9.6%32.9%17.5%33.4%4.0%0.2%82.8M-2.94B-30.0M0.684.96N/AN/A847,850578,8703,647,0403,916,190
2019-02-22$36.23$33.5032.8%9.2%33.0%15.7%32.2%3.7%0.5%146.6M-4.02B-29.8M0.783.83N/AN/A1,085,990845,7903,745,7104,007,830
2019-02-25$36.43$33.5032.5%9.1%31.3%15.0%32.2%3.9%0.1%159.4M-3.97B-29.1M0.763.38N/AN/A880,340666,3503,352,7803,592,490
2019-02-26$36.45$34.0031.6%8.6%31.1%13.2%30.8%3.8%0.3%155.1M-3.91B-29.3M0.863.16N/AN/A566,280489,8103,467,5803,733,420
2019-02-27$36.20$34.0032.1%8.8%30.2%14.2%31.3%3.6%0.3%109.4M-3.43B-29.7M0.783.39N/AN/A582,070453,2403,489,6003,855,190
2019-02-28$35.85$34.0032.7%9.1%28.6%15.5%31.8%3.8%0.1%47.8M-2.88B-29.3M0.683.22N/AN/A713,150487,5303,544,9103,920,610