NFLX Options History — June 2020

In June 2020, NFLX traded between $41.18 and $46.70. ATM implied volatility averaged 46.2%, placing in the 27.3% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded above realized volatility by 16.0% (HV 20d: 30.2%). Max pain ranged from $38.00 to $43.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.63.

Notable Days

  • 2020-06-11: Highest Volume — 2,099,320 contracts
  • 2020-06-15: Largest IV spike — 17.4% change
  • 2020-06-26: Highest IV Rank — 39.6%
  • 2020-06-29: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.84$41.18$46.70$42.50$45.55
Max Pain$41.77$38.00$43.00$38.00$43.00
ATM IV46.2%35.6%55.3%37.9%48.7%
Expected Move13.8%10.5%16.8%10.8%15.5%
HV 20d30.2%25.9%35.6%28.7%35.6%
HV 60d42.7%36.7%52.4%52.4%37.6%
IV Rank27.3%13.0%39.6%16.2%30.6%
IV Percentile65.8%41.7%85.7%46.4%73.8%
Term Structure-0.4%-2.8%4.5%-0.2%-1.3%
VWIV48.4%37.8%58.3%38.3%53.6%
Skew 25d2.9%0.4%5.4%4.8%2.5%
Skew 10d5.4%0.1%10.0%8.6%5.2%
Call IV 25d45.0%34.4%55.2%36.1%47.5%
Put IV 25d47.9%37.9%57.0%40.9%50.0%
Bid-Ask Spread %17.826.5530.5010.0826.47
Gamma HHI0.070.040.390.040.05
Net GEX99.8M-30.6M277.2M64.0M94.1M
Net DEX-4.28B-7.14B-2.06B-3.55B-3.90B
Net VEX-28.1M-29.5M-26.6M-27.7M-28.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.370.950.570.60
Total Volume1,222,774.545617,1302,099,320870,770758,300
Total OI6,339,768.6364,767,2807,501,7606,288,1905,229,400

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$42.50$38.0037.9%10.8%28.7%16.2%38.3%4.8%-0.2%64.0M-3.55B-27.7M0.5710.08N/AN/A554,440316,3302,842,5803,445,610
2020-06-02$42.64$38.0037.7%10.7%26.7%15.9%38.7%5.1%-0.4%83.7M-3.74B-28.0M0.696.55N/AN/A364,480252,6502,975,9203,551,890
2020-06-03$42.28$38.0037.1%10.5%26.7%15.1%37.8%4.2%-0.6%61.1M-3.33B-27.4M0.649.91N/AN/A543,050347,7403,017,0503,605,780
2020-06-04$41.18$42.0037.9%11.7%25.9%16.2%40.6%4.0%-0.4%-30.6M-2.06B-27.1M0.6724.70N/AN/A873,950587,6803,089,2103,700,180
2020-06-05$41.86$42.0035.6%11.0%26.8%13.0%38.8%3.5%-0.5%52.1M-2.98B-26.8M0.7620.41N/AN/A807,760617,3803,195,2603,751,800
2020-06-08$41.88$42.0037.6%12.1%26.8%15.7%42.1%4.6%4.3%48.6M-3.14B-26.6M0.5530.50N/AN/A812,810445,4002,863,1303,502,480
2020-06-09$43.33$42.0036.9%11.7%28.8%14.8%41.5%2.8%4.5%135.3M-5.12B-27.2M0.3723.87N/AN/A1,332,760491,2503,100,3603,650,630
2020-06-10$43.60$42.0037.6%11.8%28.1%15.8%41.3%2.6%3.9%165.6M-5.46B-28.3M0.4223.64N/AN/A750,620317,3303,263,8603,698,300
2020-06-11$42.80$42.0043.7%13.2%28.8%24.0%46.1%5.4%2.7%112.3M-4.39B-29.0M0.6330.04N/AN/A1,286,100813,2203,364,0803,737,170
2020-06-12$41.51$42.0042.5%12.5%30.4%22.4%43.2%4.3%1.4%25.0M-2.36B-28.7M0.9530.29N/AN/A898,670849,6703,373,4003,816,150
2020-06-15$42.39$42.0050.0%15.0%29.9%32.4%52.2%3.8%-1.8%68.5M-3.60B-28.0M0.6521.93N/AN/A561,480365,3003,078,9803,604,820
2020-06-16$43.44$42.0052.3%15.4%31.5%35.5%53.7%2.9%-2.2%125.6M-4.93B-28.3M0.5412.83N/AN/A657,270357,4203,235,3503,712,410
2020-06-17$44.66$42.0054.6%15.7%33.2%38.7%54.3%1.8%-2.4%191.3M-6.44B-28.4M0.469.53N/AN/A1,194,620548,6903,304,6603,778,180
2020-06-18$44.89$42.0054.0%15.6%32.9%37.9%54.3%1.4%-2.0%210.9M-6.81B-28.5M0.658.37N/AN/A655,280428,3903,485,9403,905,180
2020-06-19$45.12$42.5053.8%15.6%31.2%37.5%54.9%0.4%-2.4%277.2M-7.14B-28.6M0.588.06N/AN/A873,810504,1503,524,3803,977,380
2020-06-22$46.70$42.5052.9%15.7%32.6%36.4%55.1%1.0%-2.2%117.5M-4.99B-27.8M0.578.49N/AN/A963,790551,5802,266,5502,500,730
2020-06-23$46.67$43.0050.1%15.0%29.3%32.6%52.5%0.6%-1.0%134.8M-5.06B-28.4M0.6711.87N/AN/A684,140455,9302,480,0802,654,150
2020-06-24$45.98$43.0052.1%15.3%30.1%35.2%53.8%1.7%-1.6%96.1M-4.33B-28.5M0.8812.64N/AN/A510,230449,0002,514,8302,720,430
2020-06-25$46.61$43.0053.1%15.7%29.6%36.6%55.2%1.0%-2.8%135.7M-4.94B-28.9M0.5817.38N/AN/A613,800356,4902,593,0102,782,040
2020-06-26$44.44$43.0055.3%16.7%35.2%39.6%58.1%1.8%-1.9%-14.9M-2.83B-29.5M0.7418.20N/AN/A805,200599,2902,674,1702,843,170
2020-06-29$44.50$43.0053.9%16.8%34.8%37.7%58.3%2.9%-2.0%41.5M-2.98B-28.7M0.6826.19N/AN/A442,460301,1302,399,7602,664,470
2020-06-30$45.55$43.0048.7%15.5%35.6%30.6%53.6%2.5%-1.3%94.1M-3.90B-28.3M0.6026.47N/AN/A474,720283,5802,500,5502,728,850