NFLX Options History — July 2019

In July 2019, NFLX traded between $30.62 and $38.07. ATM implied volatility averaged 35.6%, placing in the 17.5% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded below realized volatility by 0.5% (HV 20d: 36.0%). Max pain ranged from $32.50 to $36.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.79.

Notable Days

  • 2019-07-18: Highest Volume — 5,791,200 contracts
  • 2019-07-18: Largest IV drop — 33.4% change
  • 2019-07-17: Highest IV Rank — 35.7%
  • 2019-07-03: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.06$30.62$38.07$37.53$32.36
Max Pain$34.45$32.50$36.00$35.50$32.50
ATM IV35.6%28.5%44.3%40.4%30.8%
Expected Move10.3%8.2%13.3%13.1%9.0%
HV 20d36.0%22.1%50.7%31.3%49.5%
HV 60d34.7%29.0%39.0%32.9%38.8%
IV Rank17.5%2.8%35.7%27.7%7.5%
IV Percentile29.7%2.8%60.3%47.6%13.5%
Term Structure-1.1%-2.4%0.1%-1.5%-0.4%
VWIV36.1%29.0%46.4%45.6%31.9%
Skew 25d3.4%0.6%6.3%5.9%1.8%
Skew 10d5.7%0.6%10.9%10.3%3.1%
Call IV 25d33.7%28.4%42.1%36.5%30.1%
Put IV 25d37.1%29.2%44.4%42.4%32.0%
Bid-Ask Spread %5.223.049.283.044.88
Gamma HHI0.100.040.490.060.04
Net GEX62.1M-324.6M325.6M157.3M-7.1M
Net DEX-935.3M-3.90B4.64B-3.11B583.3M
Net VEX-27.7M-31.9M-21.5M-27.5M-31.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.491.220.780.75
Total Volume2,066,202.273657,3205,791,2001,110,2001,778,440
Total OI7,285,301.3645,926,1809,138,5705,926,1808,528,210

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$37.53$35.5040.4%13.1%31.3%27.7%45.6%5.9%-1.5%157.3M-3.11B-27.5M0.783.04N/AN/A625,290484,9102,857,8903,068,290
2019-07-02$37.49$35.5040.2%13.2%26.5%27.1%45.7%5.9%-1.6%170.1M-3.08B-27.5M0.913.14N/AN/A441,910402,9302,994,9603,169,010
2019-07-03$38.02$35.5039.8%13.3%26.7%26.3%46.4%6.0%-1.7%230.5M-3.90B-27.2M0.643.25N/AN/A601,620386,7403,050,5803,223,660
2019-07-05$38.02$35.0040.7%10.8%26.7%28.2%37.6%6.3%-2.1%325.6M-3.80B-27.3M0.698.58N/AN/A782,640543,5603,109,5003,304,690
2019-07-08$37.60$35.0041.4%11.2%27.0%29.7%39.1%6.0%-1.7%116.5M-2.86B-26.9M0.908.62N/AN/A346,140311,1802,937,3703,149,010
2019-07-09$37.98$35.0040.3%11.0%24.6%27.5%38.4%5.6%-1.7%149.1M-3.37B-26.5M0.666.21N/AN/A939,060620,2803,009,3303,238,150
2019-07-10$38.07$35.5039.6%10.9%24.6%26.0%36.8%5.4%-1.7%158.5M-3.47B-26.2M0.617.79N/AN/A826,470504,8403,114,8303,316,180
2019-07-11$38.03$35.5037.7%10.5%23.3%22.0%36.6%5.2%-1.5%174.5M-3.36B-26.5M0.666.81N/AN/A734,230484,9303,195,9203,442,140
2019-07-12$37.31$35.5039.9%11.0%24.3%26.6%38.9%5.2%-2.4%21.4M-2.15B-26.7M0.726.89N/AN/A967,650693,0903,234,7303,482,780
2019-07-15$36.60$35.5042.5%12.0%25.4%32.0%41.4%4.1%-1.9%45.8M-1.42B-26.2M0.625.80N/AN/A902,820559,1902,907,8403,288,670
2019-07-16$36.68$36.0042.8%12.2%23.1%32.5%41.8%3.4%-2.1%63.6M-1.72B-26.9M0.496.23N/AN/A758,080373,7303,185,9003,454,920
2019-07-17$36.28$36.0044.3%12.7%22.1%35.7%43.1%2.2%-2.4%59.1M-1.38B-27.0M0.719.28N/AN/A1,690,8601,196,3903,386,3503,549,960
2019-07-18$32.28$36.0029.5%8.4%46.8%4.8%30.3%1.1%0.1%-190.9M4.64B-21.5M0.834.27N/AN/A3,172,5302,618,6704,029,5403,951,970
2019-07-19$31.54$35.0028.8%8.3%47.0%3.5%29.0%1.3%0.1%-324.6M4.54B-24.7M1.223.85N/AN/A1,723,6302,108,4204,867,3904,271,180
2019-07-22$30.89$33.5029.1%8.4%46.7%4.1%29.9%1.9%0.0%-122.0M3.17B-25.8M1.203.88N/AN/A1,423,6701,702,1503,528,3903,741,840
2019-07-23$30.62$33.0028.8%8.3%46.4%3.4%29.4%1.5%0.0%-119.5M3.18B-27.2M1.134.03N/AN/A985,6101,111,5403,986,2904,081,390
2019-07-24$31.95$32.5028.5%8.2%49.4%2.8%29.5%0.6%0.0%27.0M672.0M-29.9M0.843.65N/AN/A1,809,4901,514,2204,239,4104,239,190
2019-07-25$32.70$32.5029.1%8.3%50.3%4.0%30.1%0.8%0.0%114.5M-813.8M-31.3M0.813.75N/AN/A1,612,2401,310,3004,420,3904,368,320
2019-07-26$33.53$32.5028.6%8.2%50.7%2.9%29.5%0.7%-0.0%242.2M-2.27B-31.5M0.643.40N/AN/A2,038,7701,298,1304,508,4104,468,540
2019-07-29$33.28$32.5029.5%8.7%50.6%5.0%31.0%1.3%-0.4%65.4M-982.6M-31.5M0.754.05N/AN/A847,810636,5703,906,7104,097,030
2019-07-30$32.51$32.5030.2%8.9%49.6%6.3%31.9%1.9%-0.4%10.5M326.6M-31.7M0.823.54N/AN/A871,390714,3304,114,6004,255,170
2019-07-31$32.36$32.5030.8%9.0%49.5%7.5%31.9%1.8%-0.4%-7.1M583.3M-31.9M0.754.88N/AN/A1,014,550763,8904,165,6304,362,580