NFLX Options History — May 2019

In May 2019, NFLX traded between $34.38 and $38.49. ATM implied volatility averaged 32.5%, placing in the 15.1% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded below realized volatility by 1.0% (HV 20d: 33.6%). Max pain ranged from $34.00 to $36.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 0.81.

Notable Days

  • 2019-05-01: Highest Volume — 2,369,310 contracts
  • 2019-05-07: Largest IV spike — 16.3% change
  • 2019-05-13: Highest IV Rank — 24.9%
  • 2019-05-13: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.96$34.38$38.49$38.08$34.38
Max Pain$34.80$34.00$36.00$35.50$35.00
ATM IV32.5%28.2%37.4%28.2%35.8%
Expected Move9.3%8.0%10.7%8.0%10.3%
HV 20d33.6%29.6%36.5%34.1%31.2%
HV 60d31.4%30.1%32.4%31.1%32.4%
IV Rank15.1%6.5%24.9%6.5%21.5%
IV Percentile24.7%8.7%43.7%8.7%36.9%
Term Structure0.3%-0.6%0.8%0.8%-0.4%
VWIV32.9%28.3%37.4%28.3%35.8%
Skew 25d5.1%2.5%6.7%2.5%6.2%
Skew 10d10.0%4.4%13.5%4.4%12.4%
Call IV 25d30.1%27.1%34.5%27.1%32.7%
Put IV 25d35.2%29.5%40.9%29.5%38.8%
Bid-Ask Spread %4.143.475.104.114.01
Gamma HHI0.060.030.280.070.08
Net GEX38.3M-101.0M394.8M234.7M-101.0M
Net DEX-1.44B-5.37B673.5M-4.67B395.5M
Net VEX-28.8M-29.9M-27.9M-28.0M-28.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.561.070.771.07
Total Volume1,460,015870,1502,369,3102,369,3101,380,790
Total OI7,367,715.4556,587,9708,013,6807,205,3207,416,950

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$38.08$35.5028.2%8.0%34.1%6.5%28.3%2.5%0.8%234.7M-4.67B-28.0M0.774.11N/AN/A1,339,7301,029,5803,344,9103,860,410
2019-05-02$37.82$35.5030.2%8.6%34.2%10.4%30.5%3.0%0.5%172.0M-3.95B-29.3M0.934.33N/AN/A810,360753,2003,540,7704,058,670
2019-05-03$38.49$36.0029.1%8.0%34.6%8.2%28.5%2.8%0.8%394.8M-5.37B-28.6M0.774.17N/AN/A982,970756,6403,614,3104,133,840
2019-05-06$37.92$34.0030.9%9.1%35.1%11.8%32.6%4.0%0.5%129.8M-3.74B-28.8M0.933.47N/AN/A570,490531,1503,290,4003,796,460
2019-05-07$36.80$34.0035.9%10.3%36.5%21.9%36.1%6.2%-0.0%27.6M-2.01B-29.9M0.715.10N/AN/A999,710707,1103,366,9903,930,000
2019-05-08$36.51$34.0034.7%10.1%36.5%19.4%35.2%5.8%0.1%1.4M-1.60B-29.7M0.703.63N/AN/A920,620648,1903,463,6504,021,710
2019-05-09$36.37$34.0035.8%10.2%36.5%21.7%36.1%6.7%0.2%8.1M-1.47B-29.9M0.894.70N/AN/A947,430846,3303,622,0004,106,460
2019-05-10$36.11$34.5032.4%9.5%36.4%14.8%33.1%5.9%0.4%-21.8M-1.03B-29.3M0.754.32N/AN/A1,097,500819,4003,768,0504,245,630
2019-05-13$34.48$34.5037.4%10.7%36.4%24.9%37.4%6.3%0.2%-55.7M673.5M-27.9M0.814.32N/AN/A899,730729,0603,301,4403,890,710
2019-05-14$34.60$34.5033.7%9.8%36.2%17.4%34.1%5.5%0.3%-53.4M576.8M-28.0M0.774.07N/AN/A587,220452,5603,518,5404,041,170
2019-05-15$35.57$34.5031.4%9.2%34.6%12.8%32.7%4.6%0.6%40.3M-935.6M-28.6M0.724.52N/AN/A852,570610,8403,624,3604,126,800
2019-05-16$35.93$34.5028.9%8.4%34.2%7.9%30.3%4.2%0.6%107.1M-1.67B-28.3M0.714.56N/AN/A1,011,970715,7103,664,2604,160,230
2019-05-17$35.47$35.0029.8%8.7%34.1%9.8%30.6%4.2%0.8%-23.2M-689.4M-28.2M0.694.91N/AN/A1,093,100754,9203,706,6604,256,590
2019-05-20$34.82$35.0032.2%9.3%29.6%14.5%32.8%5.0%0.2%-35.0M-97.3M-28.0M0.743.89N/AN/A649,680479,0802,928,5903,659,380
2019-05-21$35.43$35.0029.8%8.6%30.0%9.7%30.3%4.8%0.5%1.7M-839.0M-28.3M0.563.63N/AN/A556,780313,3703,081,2303,768,890
2019-05-22$36.11$35.0030.6%8.8%30.7%11.3%30.5%4.5%0.4%63.7M-1.83B-29.0M0.583.85N/AN/A933,880540,0503,163,3503,814,420
2019-05-23$35.06$35.0035.0%10.0%31.8%20.0%35.5%6.1%0.2%-28.5M-340.1M-29.4M0.953.83N/AN/A683,020646,6603,277,0903,900,200
2019-05-24$35.45$35.0031.3%8.9%31.6%12.7%31.6%5.5%0.5%3.9M-929.7M-29.2M0.963.67N/AN/A609,510583,9603,379,5703,980,660
2019-05-28$35.63$35.0032.9%9.4%31.7%15.9%32.3%5.8%-0.3%9.2M-1.14B-28.6M0.863.57N/AN/A483,180413,6403,118,0303,762,250
2019-05-29$34.90$35.0035.3%10.1%32.3%20.7%35.5%5.9%-0.6%-26.5M-264.7M-28.6M0.944.28N/AN/A675,240636,0603,253,3003,847,040
2019-05-30$35.20$35.0034.3%9.7%30.4%18.7%34.1%6.0%-0.3%-5.6M-763.8M-28.8M0.974.04N/AN/A542,170525,1703,361,1503,922,620
2019-05-31$34.38$35.0035.8%10.3%31.2%21.5%35.8%6.2%-0.4%-101.0M395.5M-28.3M1.074.01N/AN/A667,480713,3103,441,3803,975,570