NFLX Options History — January 2020

In January 2020, NFLX traded between $32.57 and $35.31. ATM implied volatility averaged 38.9%, placing in the 38.8% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 7.2% (HV 20d: 31.7%). Max pain ranged from $29.00 to $32.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.61.

Notable Days

  • 2020-01-24: Highest Volume — 5,390,920 contracts
  • 2020-01-22: Largest IV drop — 33.7% change
  • 2020-01-21: Highest IV Rank — 64.6%
  • 2020-01-21: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.86$32.57$35.31$32.90$34.42
Max Pain$30.57$29.00$32.00$31.00$32.00
ATM IV38.9%30.3%45.7%44.7%32.2%
Expected Move10.3%8.2%12.9%8.4%9.1%
HV 20d31.7%24.0%39.4%28.1%39.2%
HV 60d30.0%26.3%31.7%31.4%30.4%
IV Rank38.8%14.2%64.6%44.6%20.7%
IV Percentile57.3%18.3%87.3%80.2%32.5%
Term Structure-1.5%-2.7%0.6%-2.5%0.6%
VWIV36.1%29.3%44.7%30.4%32.2%
Skew 25d1.9%0.4%3.2%3.2%3.1%
Skew 10d3.3%-0.2%6.0%6.0%6.0%
Call IV 25d37.8%29.8%44.0%42.9%31.1%
Put IV 25d39.8%31.1%46.1%46.1%34.2%
Bid-Ask Spread %5.442.8111.243.684.60
Gamma HHI0.070.030.250.060.08
Net GEX104.4M-36.5M255.6M54.0M-8.2M
Net DEX-3.56B-5.56B-903.3M-3.33B-2.54B
Net VEX-26.8M-28.5M-25.1M-27.3M-28.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.331.040.520.85
Total Volume1,966,371.905998,6005,390,920998,6001,281,020
Total OI8,182,964.2865,827,7209,154,0508,750,5507,695,710

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-01-02$32.90$31.0044.7%8.4%28.1%44.6%30.4%3.2%-2.5%54.0M-3.33B-27.3M0.523.68N/AN/A657,240341,3604,015,2404,735,310
2020-01-03$32.71$31.0043.3%8.2%28.1%41.3%29.3%3.1%-2.4%88.1M-3.06B-26.9M1.044.36N/AN/A491,110509,2004,100,2404,801,300
2020-01-06$33.58$29.0045.0%11.4%29.1%48.5%39.9%2.8%-2.3%111.5M-4.05B-26.8M0.526.31N/AN/A1,031,730533,6703,792,6904,432,990
2020-01-07$33.12$29.5043.5%11.2%29.6%44.8%39.1%2.4%-2.2%122.5M-3.52B-26.8M0.434.02N/AN/A783,820333,3104,021,3504,575,450
2020-01-08$34.11$29.5044.6%11.5%30.2%52.5%40.0%2.2%-2.4%205.2M-5.21B-26.9M0.333.84N/AN/A1,346,230444,2204,076,8104,647,220
2020-01-09$33.52$29.5043.4%11.3%27.6%51.7%39.2%2.0%-2.4%140.8M-4.04B-26.7M0.444.23N/AN/A809,050356,3004,153,6604,697,620
2020-01-10$32.79$29.5043.0%11.3%28.8%51.5%39.2%1.8%-2.4%3.9M-2.61B-26.9M0.655.42N/AN/A806,490527,8104,223,6504,775,080
2020-01-13$33.78$30.0043.4%11.6%30.0%56.6%40.3%2.3%-2.4%127.9M-4.24B-26.0M0.493.56N/AN/A879,930429,1703,974,6904,563,910
2020-01-14$33.84$30.0043.8%11.7%30.0%58.0%40.8%1.7%-2.6%125.4M-4.26B-26.3M0.383.93N/AN/A1,020,630388,0204,050,7904,687,700
2020-01-15$33.81$30.0043.0%11.6%29.6%55.8%40.3%1.1%-2.6%124.8M-4.26B-26.0M0.573.17N/AN/A636,900363,2504,153,0504,757,480
2020-01-16$33.84$30.0041.8%11.4%26.8%52.1%39.4%1.1%-2.5%125.4M-4.33B-25.7M0.694.42N/AN/A651,030450,6504,210,9604,817,590
2020-01-17$33.93$30.0040.5%11.1%26.3%47.6%38.6%0.4%-2.7%171.7M-4.37B-25.4M0.6711.15N/AN/A808,600542,3704,247,9804,906,070
2020-01-21$33.95$30.0045.7%12.9%24.0%64.6%44.7%0.9%-2.5%53.3M-2.61B-25.4M0.8310.94N/AN/A1,756,8101,454,3002,739,9203,087,800
2020-01-22$32.57$31.0030.3%8.7%28.1%14.2%31.0%0.9%-0.2%-36.5M-903.3M-25.1M0.795.08N/AN/A2,590,4002,041,6103,443,8403,842,540
2020-01-23$34.78$31.0031.4%9.0%36.8%17.9%32.2%0.8%-0.1%227.4M-4.60B-26.5M0.5511.24N/AN/A3,145,4701,725,8503,734,5804,048,360
2020-01-24$35.31$31.0032.3%9.3%37.0%20.7%32.9%1.1%-0.3%255.6M-5.56B-27.3M0.539.64N/AN/A3,527,4901,863,4303,974,0404,333,680
2020-01-27$34.26$32.0033.1%9.6%38.8%23.6%34.3%2.4%-0.1%58.4M-2.41B-28.3M0.682.81N/AN/A1,147,670780,9303,265,9603,799,960
2020-01-28$34.97$32.0030.9%8.9%39.2%16.5%31.7%2.3%0.2%100.7M-3.45B-27.9M0.483.79N/AN/A1,271,020605,8403,340,8303,960,150
2020-01-29$34.28$32.0031.1%8.9%39.4%16.8%31.6%2.4%0.1%21.6M-2.27B-28.3M0.664.12N/AN/A1,003,640662,0603,483,6004,046,060
2020-01-30$34.68$32.0030.6%8.6%39.4%15.2%30.6%2.1%0.6%119.1M-3.15B-28.5M0.633.93N/AN/A791,900502,2803,601,2804,025,110
2020-01-31$34.42$32.0032.2%9.1%39.2%20.7%32.2%3.1%0.6%-8.2M-2.54B-28.3M0.854.60N/AN/A691,530589,4903,609,8804,085,830