NFLX Options History — September 2019

In September 2019, NFLX traded between $25.37 and $29.86. ATM implied volatility averaged 42.3%, placing in the 30.2% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded above realized volatility by 12.4% (HV 20d: 29.9%). Max pain ranged from $29.00 to $31.00. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.82.

Notable Days

  • 2019-09-20: Highest Volume — 6,034,540 contracts
  • 2019-09-16: Largest IV spike — 23.6% change
  • 2019-09-24: Highest IV Rank — 58.0%
  • 2019-09-30: Largest Expected Move — 18.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.17$25.37$29.86$28.89$26.54
Max Pain$29.90$29.00$31.00$31.00$29.00
ATM IV42.3%31.2%55.4%35.4%53.8%
Expected Move13.6%9.7%18.2%10.3%18.2%
HV 20d29.9%22.3%37.9%32.0%36.9%
HV 60d37.9%36.7%39.9%37.7%39.7%
IV Rank30.2%6.3%58.0%15.3%54.7%
IV Percentile50.7%10.7%89.3%30.6%85.7%
Term Structure1.2%-3.7%11.7%-0.0%-2.9%
VWIV47.5%33.5%64.4%35.7%64.4%
Skew 25d5.3%2.3%8.6%6.0%5.0%
Skew 10d9.4%3.5%15.0%10.9%9.3%
Call IV 25d40.1%28.2%54.0%33.0%50.9%
Put IV 25d45.4%32.2%60.2%39.0%55.9%
Bid-Ask Spread %8.333.7513.023.7610.24
Gamma HHI0.070.040.400.060.04
Net GEX-50.1M-236.2M47.0M-78.8M-27.3M
Net DEX2.99B1.24B5.44B3.11B2.94B
Net VEX-28.8M-31.4M-26.0M-28.4M-31.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.551.090.790.88
Total Volume2,016,119880,5606,034,540880,560999,080
Total OI9,254,7087,955,35010,905,4707,955,3509,960,400

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$28.89$31.0035.4%10.3%32.0%15.3%35.7%6.0%-0.0%-78.8M3.11B-28.4M0.793.76N/AN/A491,600388,9603,639,0804,316,270
2019-09-04$29.20$31.0033.9%9.7%32.1%12.1%33.5%5.3%0.1%-59.2M2.70B-28.7M0.718.29N/AN/A741,200528,9603,767,5304,392,150
2019-09-05$29.28$30.0032.4%11.6%31.5%8.9%41.0%5.1%0.5%-29.5M2.41B-28.7M0.7511.59N/AN/A1,034,180777,1203,936,3204,438,450
2019-09-06$29.11$30.0031.2%11.4%28.0%6.3%38.5%5.3%0.4%-50.9M2.67B-27.9M0.8711.02N/AN/A792,040686,0404,026,2004,566,020
2019-09-09$29.43$30.0031.6%11.8%27.9%7.2%40.6%4.8%9.2%-32.2M2.12B-28.5M0.7210.11N/AN/A1,100,230797,4103,794,4404,385,590
2019-09-10$28.67$30.0033.3%12.3%29.0%10.7%42.1%5.6%9.8%-85.1M3.37B-27.9M0.8811.83N/AN/A1,251,3601,106,8904,029,5704,610,710
2019-09-11$28.70$30.0031.7%12.1%29.0%7.4%41.2%4.9%10.6%-73.6M3.18B-28.1M0.8612.12N/AN/A940,810804,7604,265,1404,742,440
2019-09-12$28.98$30.0032.7%11.9%26.1%9.6%40.6%4.4%11.2%-41.0M2.70B-28.6M0.719.46N/AN/A624,680445,0804,445,4404,867,140
2019-09-13$29.41$30.0033.8%11.8%26.3%11.9%41.1%4.0%11.7%47.0M1.87B-29.2M0.8013.02N/AN/A1,205,930968,7404,552,6004,913,700
2019-09-16$29.39$30.0041.8%12.8%24.6%28.9%44.5%5.6%-1.8%-45.1M2.26B-29.2M0.6110.95N/AN/A788,560480,0504,256,4904,801,960
2019-09-17$29.86$30.0043.5%12.9%23.6%32.6%45.0%5.1%-1.5%25.7M1.24B-29.6M0.555.71N/AN/A722,830396,5304,401,9104,870,150
2019-09-18$29.13$30.0046.1%13.2%22.3%38.2%45.5%4.9%-2.0%-70.1M2.72B-28.2M0.768.08N/AN/A1,104,940844,1804,518,1604,905,570
2019-09-19$28.62$30.0046.0%13.3%22.9%37.8%45.9%4.2%-1.9%-136.3M3.48B-28.0M0.684.56N/AN/A1,283,100878,6604,723,7904,978,180
2019-09-20$26.93$30.0049.8%14.5%30.9%46.1%50.6%2.3%-2.6%-236.2M5.44B-26.0M0.884.65N/AN/A3,217,2802,817,2605,022,6104,977,360
2019-09-23$26.47$30.0052.5%15.9%30.5%51.9%55.2%5.1%-2.7%-53.5M3.67B-28.1M1.083.75N/AN/A1,165,3001,254,2004,400,4904,435,410
2019-09-24$25.37$29.5055.4%16.8%32.8%58.0%61.4%8.6%-3.3%-71.2M4.72B-27.1M1.094.46N/AN/A1,627,4701,771,0804,699,5004,750,140
2019-09-25$26.59$29.5053.8%16.6%37.9%54.5%58.7%7.3%-3.1%28.9M2.86B-30.9M0.804.66N/AN/A1,532,0601,231,3005,071,4105,099,300
2019-09-26$26.44$29.0053.6%16.9%37.8%54.2%60.6%6.4%-3.3%36.0M3.09B-31.2M0.935.96N/AN/A829,060767,7705,236,9005,390,170
2019-09-27$26.31$29.0054.7%17.6%36.7%56.6%63.2%6.3%-3.7%-49.6M3.19B-31.2M1.0512.39N/AN/A941,100984,5805,412,0705,493,400
2019-09-30$26.54$29.0053.8%18.2%36.9%54.7%64.4%5.0%-2.9%-27.3M2.94B-31.4M0.8810.24N/AN/A531,120467,9604,753,4505,206,950