NFLX Options History — April 2020

In April 2020, NFLX traded between $35.98 and $43.84. ATM implied volatility averaged 56.9%, placing in the 41.8% IV rank vs the trailing year. The 30-day expected move averaged 16.1%. IV traded below realized volatility by 1.5% (HV 20d: 58.4%). Max pain ranged from $35.00 to $38.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.59.

Notable Days

  • 2020-04-22: Highest Volume — 3,805,250 contracts
  • 2020-04-22: Largest IV drop — 30.2% change
  • 2020-04-21: Highest IV Rank — 69.2%
  • 2020-04-21: Largest Expected Move — 23.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.44$35.98$43.84$36.33$41.76
Max Pain$37.38$35.00$38.50$35.00$38.50
ATM IV56.9%40.1%77.3%67.0%42.7%
Expected Move16.1%11.9%23.3%17.6%12.4%
HV 20d58.4%46.0%73.0%73.0%48.4%
HV 60d54.0%52.3%55.6%52.5%54.5%
IV Rank41.8%19.0%69.2%55.3%22.6%
IV Percentile85.6%58.7%98.4%96.4%65.1%
Term Structure-2.6%-5.4%0.1%-3.0%-0.7%
VWIV56.8%42.9%80.3%61.1%44.9%
Skew 25d6.2%-0.1%18.6%16.1%-0.1%
Skew 10d11.3%-1.7%33.6%30.2%-1.7%
Call IV 25d53.7%40.2%75.7%58.2%43.0%
Put IV 25d60.0%41.0%76.1%74.3%42.9%
Bid-Ask Spread %17.4510.4337.7237.7215.06
Gamma HHI0.050.030.080.040.05
Net GEX64.6M-22.8M134.4M21.5M96.4M
Net DEX-3.81B-6.99B-958.6M-1.37B-4.22B
Net VEX-28.7M-31.5M-26.7M-28.3M-30.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.420.780.610.56
Total Volume1,871,428.571719,4203,805,250987,3301,763,940
Total OI6,394,1605,263,9107,912,1105,542,4607,229,260

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$36.33$35.0067.0%17.6%73.0%55.3%61.1%16.1%-3.0%21.5M-1.37B-28.3M0.6137.72N/AN/A612,980374,3502,457,4003,085,060
2020-04-02$36.79$37.0063.1%16.6%72.7%50.1%58.9%18.0%-3.1%19.6M-1.60B-27.9M0.7014.66N/AN/A422,260297,1602,502,6303,170,150
2020-04-03$35.98$37.0063.2%16.8%72.9%50.2%56.5%18.6%-3.8%-22.8M-958.6M-27.9M0.7112.40N/AN/A553,720391,1702,564,4603,241,940
2020-04-06$37.69$37.0053.9%14.9%72.6%37.7%50.4%13.4%-1.1%55.9M-2.28B-26.7M0.5621.00N/AN/A663,720370,3402,253,2203,010,690
2020-04-07$37.31$37.0055.3%14.7%71.9%39.5%52.2%12.8%-3.8%60.3M-2.12B-27.6M0.5718.76N/AN/A740,400424,1902,480,1803,147,730
2020-04-08$36.88$37.0057.2%15.5%70.6%42.2%54.2%12.2%-3.5%50.0M-1.78B-27.8M0.6523.43N/AN/A555,880362,6902,631,6103,249,160
2020-04-09$37.05$37.0057.4%15.7%59.9%42.4%55.1%12.3%-3.5%66.7M-2.01B-27.8M0.7822.73N/AN/A651,670507,2202,738,6403,350,850
2020-04-13$39.95$37.0056.4%15.8%64.4%41.0%56.3%9.7%-1.8%102.5M-4.12B-27.0M0.4522.32N/AN/A1,420,030645,3602,439,2503,153,670
2020-04-14$41.52$37.0055.7%15.8%61.5%40.2%56.2%5.3%-1.9%134.4M-5.67B-26.7M0.4515.99N/AN/A1,539,090698,3202,670,4803,335,820
2020-04-15$42.72$37.0065.2%18.7%61.4%53.0%66.4%0.0%-4.2%134.1M-6.55B-27.0M0.5116.92N/AN/A1,972,1801,012,6802,879,8603,531,370
2020-04-16$43.64$37.5068.2%19.7%57.9%57.0%69.2%2.2%-4.4%120.8M-6.99B-27.9M0.5316.49N/AN/A1,804,260957,9603,036,8503,712,530
2020-04-17$42.11$37.5068.1%20.0%52.9%56.8%69.6%1.9%-5.4%51.4M-5.41B-29.2M0.7114.06N/AN/A1,436,8001,013,3203,272,9403,830,940
2020-04-20$43.80$37.5071.3%21.7%53.2%61.1%76.3%1.4%-4.3%71.4M-5.47B-29.4M0.5214.56N/AN/A1,124,630584,2202,759,6303,026,160
2020-04-21$43.84$37.5077.3%23.3%47.2%69.2%80.3%0.4%-5.3%68.0M-5.47B-31.5M0.6118.45N/AN/A1,674,9401,026,8502,987,9103,267,920
2020-04-22$42.23$38.0053.9%15.8%48.7%37.7%57.4%2.3%-1.6%59.3M-4.15B-30.3M0.6410.43N/AN/A2,317,8001,487,4503,474,4903,773,730
2020-04-23$42.62$38.0051.1%14.7%46.6%33.9%52.2%2.3%-1.6%71.1M-4.58B-30.2M0.5710.50N/AN/A1,644,690936,1703,732,7003,962,230
2020-04-24$42.51$38.0045.7%13.1%46.0%26.6%47.0%0.4%-1.0%42.5M-4.41B-30.1M0.6215.65N/AN/A1,266,770786,9203,832,0004,080,110
2020-04-27$42.47$38.0041.2%11.9%46.1%20.5%42.9%0.1%0.1%78.7M-4.46B-29.5M0.4212.02N/AN/A988,130414,1503,159,3303,379,460
2020-04-28$40.51$38.5041.3%12.1%49.3%20.8%43.1%0.8%-1.0%13.1M-2.72B-29.4M0.7319.85N/AN/A1,088,500793,6603,357,6703,472,310
2020-04-29$41.47$38.0040.1%12.0%49.7%19.0%42.9%0.8%-0.6%62.7M-3.72B-29.6M0.5213.43N/AN/A1,294,690678,7403,455,7803,579,240
2020-04-30$41.76$38.5042.7%12.4%48.4%22.6%44.9%-0.1%-0.7%96.4M-4.22B-30.0M0.5615.06N/AN/A1,132,140631,8003,560,3803,668,880