NFLX Options History — December 2019

In December 2019, NFLX traded between $29.27 and $33.55. ATM implied volatility averaged 33.3%, placing in the 15.3% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 7.5% (HV 20d: 25.8%). Max pain ranged from $30.00 to $31.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.74.

Notable Days

  • 2019-12-19: Highest Volume — 2,703,510 contracts
  • 2019-12-23: Largest IV spike — 20.9% change
  • 2019-12-30: Highest IV Rank — 46.1%
  • 2019-12-10: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.46$29.27$33.55$31.03$32.29
Max Pain$30.21$30.00$31.00$30.00$31.00
ATM IV33.3%25.9%45.4%30.3%44.3%
Expected Move8.9%7.7%11.2%9.2%8.2%
HV 20d25.8%22.5%28.7%23.5%28.2%
HV 60d33.3%31.2%35.6%35.0%31.2%
IV Rank15.3%0.0%46.1%5.7%43.6%
IV Percentile29.0%0.0%80.6%15.1%77.0%
Term Structure4.4%-2.8%15.2%0.3%-2.3%
VWIV31.7%27.4%38.7%33.6%29.4%
Skew 25d3.0%0.7%3.8%3.4%3.6%
Skew 10d5.8%1.4%8.4%6.3%6.8%
Call IV 25d31.6%24.2%44.3%28.9%41.8%
Put IV 25d34.6%27.8%47.5%32.4%45.5%
Bid-Ask Spread %5.862.8711.953.993.00
Gamma HHI0.060.040.290.040.04
Net GEX74.3M-57.1M363.9M44.9M-4.3M
Net DEX-2.21B-6.74B1.06B-1.61B-2.15B
Net VEX-29.1M-31.0M-28.0M-30.6M-28.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.501.000.961.00
Total Volume1,297,740455,3602,703,510988,350918,930
Total OI8,839,737.6198,292,69010,093,0508,301,7608,538,590

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-12-02$31.03$30.0030.3%9.2%23.5%5.7%33.6%3.4%0.3%44.9M-1.61B-30.6M0.963.99N/AN/A503,100485,2503,775,0604,526,700
2019-12-03$30.61$30.0030.8%9.3%23.3%6.6%33.1%3.8%0.8%20.0M-948.4M-31.0M0.935.90N/AN/A365,090338,0503,875,8504,662,580
2019-12-04$30.41$30.0028.1%8.4%22.5%0.9%29.8%3.5%1.0%2.1M-605.2M-30.4M0.693.09N/AN/A372,190254,9703,912,6004,726,440
2019-12-05$30.30$30.0028.1%10.5%22.6%1.0%37.0%3.7%0.7%-33.7M-309.7M-30.0M0.699.45N/AN/A629,250435,9103,904,9704,774,310
2019-12-06$30.74$30.0025.9%10.3%22.9%0.0%36.5%3.5%0.9%107.0M-1.21B-29.6M0.7910.21N/AN/A561,560441,9503,963,3404,812,920
2019-12-09$30.31$30.0027.4%10.5%23.6%2.9%37.5%3.2%9.9%15.7M-472.4M-29.2M0.7211.95N/AN/A498,550359,8703,793,2504,635,710
2019-12-10$29.27$30.0030.7%11.2%26.6%9.8%38.7%3.6%8.0%-57.1M1.06B-28.8M0.8311.45N/AN/A1,138,580941,3503,884,1104,680,260
2019-12-11$29.90$30.0029.0%10.7%27.3%6.3%36.7%2.5%8.2%20.4M-254.4M-29.8M0.7811.34N/AN/A624,340485,5204,221,3504,827,100
2019-12-12$29.84$30.0031.1%10.4%25.0%10.6%36.6%3.7%5.5%28.8M-147.3M-29.5M0.8510.96N/AN/A456,280385,8204,293,8304,903,990
2019-12-13$29.80$30.0027.7%8.0%23.8%3.5%28.4%3.1%0.4%-31.9M-53.6M-28.6M0.854.46N/AN/A593,200505,8104,244,1504,957,820
2019-12-16$30.42$30.0027.1%7.8%23.9%2.3%28.4%2.9%13.2%44.4M-1.14B-28.4M0.742.87N/AN/A628,280463,8004,040,5804,754,710
2019-12-17$31.63$30.0027.8%8.0%26.1%3.9%28.7%2.4%13.7%149.5M-3.48B-28.4M0.514.36N/AN/A1,506,300775,5904,170,3304,841,890
2019-12-18$32.15$30.0028.2%8.1%26.6%4.6%28.9%1.8%14.2%216.8M-4.46B-28.9M0.524.72N/AN/A1,675,580867,1504,413,8604,997,660
2019-12-19$33.19$30.0031.9%8.3%28.5%12.1%29.6%1.9%14.5%236.9M-6.21B-29.1M0.503.55N/AN/A1,807,160896,3504,615,3905,151,660
2019-12-20$33.55$30.0033.2%7.9%27.8%14.9%28.2%0.7%15.2%363.9M-6.74B-28.7M0.632.87N/AN/A1,411,670894,1004,788,1905,304,860
2019-12-23$33.35$30.5040.2%7.7%27.9%29.0%27.7%3.1%-2.3%138.4M-4.18B-28.9M0.532.93N/AN/A907,320479,2703,926,9904,422,390
2019-12-24$33.29$30.5041.9%7.7%27.6%32.5%27.4%3.2%-2.1%131.0M-4.05B-28.9M0.794.03N/AN/A253,990201,3704,011,1804,572,980
2019-12-26$33.23$30.5044.5%8.0%27.6%41.7%28.6%2.9%-2.5%117.9M-3.96B-28.2M0.693.95N/AN/A544,380375,1804,034,7204,591,450
2019-12-27$32.89$31.0045.4%8.3%28.0%43.7%30.6%3.3%-2.8%20.7M-3.21B-28.8M0.744.03N/AN/A718,650529,5804,109,0704,678,960
2019-12-30$32.35$31.0045.3%8.4%28.7%46.1%30.1%3.5%-2.3%29.3M-2.30B-28.4M0.834.00N/AN/A556,950464,3003,840,9604,451,730
2019-12-31$32.29$31.0044.3%8.2%28.2%43.6%29.4%3.6%-2.3%-4.3M-2.15B-28.0M1.003.00N/AN/A459,470459,4603,948,4804,590,110