NFLX Options History — April 2019

In April 2019, NFLX traded between $34.70 and $38.15. ATM implied volatility averaged 38.2%, placing in the 26.5% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 5.2% (HV 20d: 33.0%). Max pain ranged from $35.00 to $36.00. 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

  • 2019-04-17: Highest Volume — 3,851,260 contracts
  • 2019-04-17: Largest IV drop — 26.8% change
  • 2019-04-02: Highest IV Rank — 41.4%
  • 2019-04-15: Largest Expected Move — 12.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.61$34.70$38.15$36.66$37.00
Max Pain$35.40$35.00$36.00$35.00$35.50
ATM IV38.2%29.0%45.7%45.6%29.6%
Expected Move10.5%8.3%12.6%11.9%8.4%
HV 20d33.0%30.5%37.2%32.9%32.6%
HV 60d32.8%30.7%39.8%39.8%31.3%
IV Rank26.5%8.1%41.4%41.1%9.3%
IV Percentile36.6%10.7%56.3%55.2%11.9%
Term Structure-1.2%-2.5%0.6%-2.1%0.5%
VWIV36.9%29.0%43.3%41.5%29.6%
Skew 25d3.9%1.4%5.6%5.5%2.5%
Skew 10d6.4%2.3%9.4%9.1%4.7%
Call IV 25d36.2%27.6%42.2%41.9%28.4%
Put IV 25d40.0%30.3%47.7%47.4%30.9%
Bid-Ask Spread %6.472.6311.018.382.87
Gamma HHI0.090.030.440.040.05
Net GEX121.4M-150.7M433.8M99.2M97.5M
Net DEX-2.94B-5.17B-362.2M-3.14B-2.90B
Net VEX-28.7M-30.0M-27.7M-29.9M-28.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.520.830.670.79
Total Volume1,756,614.762840,2703,851,2601,283,860840,270
Total OI7,308,657.1436,606,3508,855,2606,611,9707,030,920

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$36.66$35.0045.6%11.9%32.9%41.1%41.5%5.5%-2.1%99.2M-3.14B-29.9M0.678.38N/AN/A768,270515,5903,148,1403,463,830
2019-04-02$36.82$35.0045.7%11.8%32.7%41.4%41.7%5.6%-2.3%122.3M-3.40B-30.0M0.648.04N/AN/A517,000333,1303,282,0603,586,860
2019-04-03$36.92$35.0045.0%11.8%32.5%40.0%41.4%5.5%-2.2%148.7M-3.55B-30.0M0.589.20N/AN/A886,780517,0803,351,6803,663,530
2019-04-04$36.76$35.0044.7%11.7%31.7%39.5%41.6%5.4%-2.4%118.2M-3.17B-29.8M0.649.69N/AN/A754,980481,4203,402,1503,746,110
2019-04-05$36.62$35.0043.6%11.5%31.4%37.1%40.4%5.1%-2.5%74.3M-2.90B-29.3M0.579.88N/AN/A811,920461,9103,436,9903,817,260
2019-04-08$36.16$35.0043.2%11.7%30.7%36.3%41.0%5.0%-1.7%44.1M-2.19B-28.5M0.599.46N/AN/A568,840334,9403,155,1403,608,060
2019-04-09$36.52$35.5044.4%12.0%30.8%38.9%41.8%5.3%-2.0%80.1M-2.61B-28.8M0.527.10N/AN/A749,730386,9503,242,2503,725,640
2019-04-10$36.41$36.0044.0%12.0%30.5%38.1%42.5%5.1%-2.1%79.3M-2.54B-28.6M0.669.84N/AN/A626,470411,1703,371,4803,832,140
2019-04-11$36.75$36.0044.0%12.0%30.5%38.0%41.7%5.2%-2.3%115.1M-3.08B-29.3M0.607.56N/AN/A912,100548,5203,486,2603,946,920
2019-04-12$35.08$36.0044.3%12.3%34.7%38.7%42.3%5.2%-2.4%-150.7M-362.2M-28.8M0.7811.01N/AN/A2,026,5101,575,7303,640,3404,040,900
2019-04-15$34.70$36.0044.5%12.6%34.7%39.0%43.3%4.0%-2.1%26.3M-865.2M-28.5M0.656.36N/AN/A1,038,490679,4303,427,7903,807,260
2019-04-16$36.11$35.5042.8%12.2%37.2%35.6%42.7%3.7%-2.2%88.8M-2.85B-28.7M0.8210.28N/AN/A1,785,6601,465,1603,634,7404,009,240
2019-04-17$35.46$35.5031.3%9.0%33.6%12.7%31.5%3.1%0.3%65.9M-1.53B-27.8M0.792.78N/AN/A2,149,0501,702,2104,012,2404,485,530
2019-04-18$35.97$35.5029.0%8.3%33.8%8.1%29.0%2.8%0.6%400.9M-2.76B-27.9M0.783.50N/AN/A1,408,8401,099,6604,234,0504,621,210
2019-04-22$37.69$35.0030.4%8.7%34.1%10.9%31.0%2.6%-0.3%162.7M-4.41B-27.7M0.744.64N/AN/A1,288,580954,9603,048,5103,557,840
2019-04-23$38.15$35.0030.1%8.5%34.0%10.4%30.5%2.0%-0.3%214.6M-5.17B-27.8M0.733.22N/AN/A1,363,4201,000,5903,296,0903,797,010
2019-04-24$37.52$35.5030.3%8.6%33.4%10.6%30.3%2.1%-0.3%152.6M-3.99B-28.4M0.632.92N/AN/A1,064,520667,5903,427,7903,968,340
2019-04-25$36.91$35.5030.8%8.8%33.6%11.6%31.0%1.9%-0.4%56.2M-2.85B-29.0M0.782.63N/AN/A946,440734,9503,535,5304,058,270
2019-04-26$37.46$35.5029.9%8.4%33.9%9.9%30.0%1.4%-0.3%433.8M-4.16B-28.5M0.833.40N/AN/A899,480745,5903,619,2204,119,380
2019-04-29$37.20$35.5029.8%8.4%34.1%9.7%29.9%2.0%0.6%120.0M-3.25B-28.2M0.663.22N/AN/A521,840343,1403,155,2203,687,880
2019-04-30$37.00$35.5029.6%8.4%32.6%9.3%29.6%2.5%0.5%97.5M-2.90B-28.2M0.792.87N/AN/A470,620369,6503,244,4203,786,500