NFLX Options History — March 2019

In March 2019, NFLX traded between $34.84 and $37.87. ATM implied volatility averaged 40.7%, placing in the 31.5% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 13.2% (HV 20d: 27.5%). Max pain ranged from $34.00 to $35.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.68.

Notable Days

  • 2019-03-22: Highest Volume — 2,403,080 contracts
  • 2019-03-18: Largest IV spike — 24.8% change
  • 2019-03-22: Highest IV Rank — 52.5%
  • 2019-03-22: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.94$34.84$37.87$35.84$35.57
Max Pain$34.76$34.00$35.00$34.00$35.00
ATM IV40.7%31.0%51.3%31.0%46.4%
Expected Move11.1%8.2%12.7%8.2%11.9%
HV 20d27.5%21.0%32.4%28.5%32.3%
HV 60d43.0%39.6%46.3%46.3%39.6%
IV Rank31.5%12.1%52.5%12.1%42.9%
IV Percentile44.5%16.7%72.2%16.7%57.1%
Term Structure1.4%-3.7%12.1%0.4%-2.6%
VWIV39.1%28.8%44.2%28.8%41.9%
Skew 25d5.5%3.6%7.8%3.6%6.1%
Skew 10d9.6%6.3%13.8%6.3%9.9%
Call IV 25d37.8%29.1%48.3%29.1%43.8%
Put IV 25d43.3%32.8%56.2%32.8%49.9%
Bid-Ask Spread %6.713.659.744.529.74
Gamma HHI0.060.030.190.040.04
Net GEX83.8M-52.2M235.3M42.3M30.7M
Net DEX-2.81B-5.14B-1.37B-2.81B-1.76B
Net VEX-29.9M-31.4M-28.9M-29.1M-30.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.491.070.730.75
Total Volume1,496,493.333904,5702,403,0801,622,1701,152,740
Total OI7,173,693.3335,995,9208,027,1407,636,6907,243,100

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$35.84$34.0031.0%8.2%28.5%12.1%28.8%3.6%0.4%42.3M-2.81B-29.1M0.734.52N/AN/A937,480684,6903,620,0304,016,660
2019-03-04$35.05$34.0033.0%9.4%29.9%16.1%32.8%4.3%-0.1%31.2M-1.98B-28.9M0.683.65N/AN/A1,032,590704,0903,223,1603,686,470
2019-03-05$35.51$34.0032.6%8.8%27.7%15.2%31.3%4.0%0.2%74.8M-2.63B-29.3M0.544.50N/AN/A878,580477,3103,380,3303,828,960
2019-03-06$35.90$34.0032.8%8.6%27.2%15.7%30.6%4.4%-0.0%149.0M-3.39B-29.9M0.664.29N/AN/A792,730523,2003,565,0603,911,540
2019-03-07$35.22$34.5035.4%9.7%27.6%20.9%33.9%5.2%-0.0%35.6M-2.25B-30.1M0.683.94N/AN/A1,063,450725,2003,664,2003,960,640
2019-03-08$34.84$34.5037.1%9.5%26.3%24.2%33.7%6.1%0.2%-52.2M-1.49B-30.0M1.076.81N/AN/A948,1601,012,8203,776,3104,043,610
2019-03-11$35.72$35.0032.5%11.7%27.5%15.1%42.0%4.9%10.6%99.7M-3.11B-29.3M0.748.01N/AN/A627,700463,9103,450,2503,830,130
2019-03-12$35.72$35.0031.5%11.6%27.5%13.1%40.6%4.7%10.8%118.6M-3.14B-29.2M0.788.93N/AN/A529,910411,0703,582,5103,941,080
2019-03-13$36.22$35.0032.6%11.5%24.6%15.2%40.7%4.2%10.5%177.5M-4.00B-29.2M0.577.66N/AN/A901,740514,8503,612,3604,008,260
2019-03-14$35.91$35.0036.1%11.6%23.5%22.2%41.3%4.5%11.2%152.5M-3.40B-29.4M0.638.35N/AN/A783,520496,8303,757,7104,111,410
2019-03-15$36.20$35.0036.6%11.2%22.1%23.2%38.9%3.8%12.1%208.4M-4.22B-29.1M0.628.24N/AN/A1,052,620649,8603,824,6404,202,500
2019-03-18$36.44$35.0045.7%11.6%21.9%41.3%41.1%6.7%-2.3%88.8M-2.96B-29.3M0.577.80N/AN/A902,560513,7302,839,9003,156,020
2019-03-19$35.78$35.0047.7%11.6%21.0%45.4%40.8%6.5%-2.4%40.1M-2.15B-29.8M0.708.49N/AN/A773,490543,1103,028,4703,300,930
2019-03-20$37.47$35.0048.4%11.8%26.2%46.8%42.2%6.8%-3.0%180.1M-4.44B-30.4M0.496.33N/AN/A1,446,200709,4703,155,2403,419,370
2019-03-21$37.87$35.0048.6%11.9%26.0%47.1%42.3%7.3%-3.0%235.3M-5.14B-31.0M0.544.60N/AN/A1,223,390662,7603,371,9603,567,140
2019-03-22$36.19$35.0051.3%12.7%30.7%52.5%44.2%7.8%-3.7%23.0M-2.24B-31.4M0.667.06N/AN/A1,451,640951,4403,433,4903,661,300
2019-03-25$36.69$35.0050.1%12.6%31.0%50.2%44.2%6.4%-2.4%79.6M-2.94B-31.1M0.685.80N/AN/A715,680483,4703,164,8703,408,570
2019-03-26$35.82$35.0048.7%12.2%32.2%47.5%42.8%6.4%-2.6%36.7M-1.95B-30.6M0.596.64N/AN/A850,940502,0303,303,2203,529,210
2019-03-27$35.39$35.0049.0%12.3%32.4%47.9%42.8%6.3%-2.4%-3.9M-1.37B-30.6M0.787.60N/AN/A801,210625,6203,297,5503,618,980
2019-03-28$35.49$35.0048.2%12.3%32.2%46.3%43.4%6.3%-2.7%11.6M-1.59B-30.8M0.817.89N/AN/A499,300405,2703,424,0803,726,340
2019-03-29$35.57$35.0046.4%11.9%32.3%42.9%41.9%6.1%-2.6%30.7M-1.76B-30.4M0.759.74N/AN/A660,530492,2103,485,7103,757,390