NFLX Options History — May 2020

In May 2020, NFLX traded between $41.39 and $45.30. ATM implied volatility averaged 40.6%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 3.7% (HV 20d: 36.9%). Max pain ranged from $35.00 to $38.50. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.54.

Notable Days

  • 2020-05-27: Highest Volume — 2,307,740 contracts
  • 2020-05-13: Largest IV spike — 12.7% change
  • 2020-05-04: Highest IV Rank — 24.6%
  • 2020-05-04: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.28$41.39$45.30$41.46$41.79
Max Pain$36.67$35.00$38.50$38.50$38.00
ATM IV40.6%37.9%44.2%43.8%38.3%
Expected Move11.7%10.7%12.7%12.6%10.7%
HV 20d36.9%28.1%48.6%48.6%28.2%
HV 60d54.5%52.6%55.3%54.6%52.6%
IV Rank19.7%16.1%24.6%24.1%16.6%
IV Percentile57.4%48.0%70.6%70.2%48.0%
Term Structure0.2%-0.8%1.2%-0.6%-0.6%
VWIV41.3%38.2%45.3%45.3%38.2%
Skew 25d2.8%1.7%4.0%2.5%3.5%
Skew 10d5.7%3.1%10.5%4.0%10.5%
Call IV 25d39.4%36.4%43.0%42.7%37.0%
Put IV 25d42.3%38.9%45.8%45.2%40.5%
Bid-Ask Spread %18.216.8236.7313.156.82
Gamma HHI0.080.030.470.040.05
Net GEX76.7M-68.1M300.4M33.9M52.2M
Net DEX-4.49B-7.26B-2.07B-3.63B-2.75B
Net VEX-28.6M-30.5M-27.2M-30.5M-28.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.390.760.630.65
Total Volume1,596,958.51,005,0602,307,7402,230,9901,196,380
Total OI6,881,401.56,113,0707,784,7307,329,9407,090,700

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$41.46$38.5043.8%12.6%48.6%24.1%45.3%2.5%-0.6%33.9M-3.63B-30.5M0.6313.15N/AN/A1,369,710861,2803,600,1103,729,830
2020-05-04$42.70$35.0044.2%12.7%48.1%24.6%44.4%2.8%0.5%80.4M-4.68B-29.9M0.489.00N/AN/A908,660433,5603,106,7503,463,190
2020-05-05$42.33$35.0041.1%12.1%46.3%20.4%42.4%2.5%1.1%80.2M-4.39B-29.8M0.4719.14N/AN/A857,870399,9603,295,3303,568,080
2020-05-06$43.58$35.0042.2%12.4%46.6%22.0%43.8%2.6%0.5%139.9M-5.62B-29.6M0.4415.32N/AN/A1,211,040536,0003,389,1703,624,820
2020-05-07$43.49$35.0041.3%12.0%46.2%20.7%42.7%3.0%0.4%140.1M-5.44B-29.3M0.528.97N/AN/A746,880386,0003,472,6603,696,920
2020-05-08$43.48$35.0037.9%11.1%46.3%16.1%39.1%2.5%0.9%137.0M-5.42B-28.6M0.5019.92N/AN/A1,034,010522,0603,530,6103,748,250
2020-05-11$44.29$35.5039.5%11.4%39.1%18.2%40.4%2.5%0.1%103.4M-5.87B-27.7M0.5816.68N/AN/A669,040388,4903,117,0003,529,370
2020-05-12$43.44$36.0038.1%11.2%37.9%16.4%38.9%3.0%1.2%73.3M-5.03B-28.2M0.5117.90N/AN/A664,690340,3703,254,3003,630,210
2020-05-13$43.63$36.0042.9%12.1%36.6%22.9%42.5%2.7%-0.5%84.4M-5.23B-28.7M0.6426.60N/AN/A1,392,460891,7603,351,9403,694,050
2020-05-14$44.00$37.0043.7%12.5%36.0%23.9%44.0%3.2%0.3%100.2M-5.66B-28.7M0.3918.92N/AN/A1,521,180586,4303,518,5604,018,900
2020-05-15$45.11$37.0043.4%12.3%34.3%23.5%43.5%2.9%-0.6%300.4M-7.26B-28.3M0.4436.73N/AN/A1,525,190665,9903,658,5304,126,200
2020-05-18$45.20$37.0039.4%11.2%31.6%18.1%39.5%2.1%0.1%94.3M-5.40B-27.5M0.5225.90N/AN/A1,053,380546,8802,776,7503,336,320
2020-05-19$45.30$37.0038.9%11.1%31.6%17.4%39.8%1.8%0.1%102.8M-5.39B-28.4M0.5716.10N/AN/A698,250399,3102,955,1203,460,330
2020-05-20$44.73$37.5038.6%11.1%28.6%17.1%39.1%1.7%0.5%63.1M-4.80B-28.1M0.6116.07N/AN/A676,990410,4103,012,8403,536,460
2020-05-21$43.50$37.5041.0%11.7%30.5%20.3%41.5%3.0%0.4%-15.3M-3.41B-28.7M0.5120.96N/AN/A1,260,430644,1403,065,8903,604,470
2020-05-22$42.84$37.5039.1%11.2%31.0%17.8%39.6%3.9%0.2%-68.1M-2.79B-28.4M0.6732.08N/AN/A928,320625,2403,291,3703,707,760
2020-05-26$41.39$38.0039.4%11.3%33.4%18.1%40.6%3.2%0.4%-15.0M-2.07B-27.2M0.7619.06N/AN/A835,210631,6902,797,1103,414,860
2020-05-27$41.87$38.0039.1%11.3%28.9%17.8%40.6%3.6%-0.1%12.8M-2.62B-28.1M0.5612.34N/AN/A1,478,520829,2202,985,8403,573,420
2020-05-28$41.40$38.0039.3%11.1%28.1%18.1%39.6%4.0%-0.8%34.9M-2.42B-28.3M0.4312.45N/AN/A1,267,790544,3803,214,3303,679,680
2020-05-29$41.79$38.0038.3%10.7%28.2%16.6%38.2%3.5%-0.6%52.2M-2.75B-28.3M0.656.82N/AN/A725,650470,7303,332,0903,758,610