NFLX Options History — August 2020

In August 2020, NFLX traded between $46.95 and $54.69. ATM implied volatility averaged 39.5%, placing in the 18.3% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 0.1% (HV 20d: 39.4%). Max pain ranged from $44.50 to $48.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.52.

Notable Days

  • 2020-08-26: Highest Volume — 5,280,940 contracts
  • 2020-08-26: Largest IV spike — 19.5% change
  • 2020-08-31: Highest IV Rank — 35.3%
  • 2020-08-31: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.82$46.95$54.69$49.89$53.07
Max Pain$46.12$44.50$48.00$47.50$47.50
ATM IV39.5%35.4%52.1%39.8%52.1%
Expected Move11.2%10.2%14.0%10.9%14.0%
HV 20d39.4%27.3%50.1%48.0%49.8%
HV 60d41.3%39.6%46.4%39.6%46.0%
IV Rank18.3%12.7%35.3%18.7%35.3%
IV Percentile44.7%32.9%73.4%48.8%73.4%
Term Structure0.3%-0.7%1.1%-0.5%0.2%
VWIV40.0%36.4%50.0%38.7%50.0%
Skew 25d1.0%-3.0%2.9%0.5%-0.9%
Skew 10d1.2%-5.2%3.9%-0.8%-1.6%
Call IV 25d39.6%34.2%53.4%39.8%53.4%
Put IV 25d40.6%36.4%52.5%40.3%52.5%
Bid-Ask Spread %26.6016.4744.8033.1034.24
Gamma HHI0.050.040.100.050.05
Net GEX86.1M-58.6M216.9M108.9M160.6M
Net DEX-4.84B-9.88B-1.38B-5.04B-8.47B
Net VEX-34.7M-44.0M-31.8M-32.4M-43.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.260.890.490.26
Total Volume1,445,258.571643,3905,280,9401,385,3501,690,050
Total OI6,725,048.5715,767,3307,961,0006,065,5207,321,060

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$49.89$47.5039.8%10.9%48.0%18.7%38.7%0.5%-0.5%108.9M-5.04B-32.4M0.4933.10N/AN/A932,840452,5102,949,9903,115,530
2020-08-04$50.93$47.5039.6%11.0%48.6%18.5%39.3%-0.2%-0.0%157.4M-6.15B-33.5M0.5541.23N/AN/A976,720541,2603,119,6403,227,080
2020-08-05$50.20$48.0038.6%10.4%48.5%17.0%37.1%0.9%-0.5%98.1M-5.18B-34.1M0.4943.50N/AN/A689,570340,4703,240,7803,406,380
2020-08-06$50.92$44.5037.5%10.9%48.7%15.6%38.8%1.5%-0.0%193.4M-6.06B-33.9M0.5116.47N/AN/A691,680353,2103,330,8003,454,550
2020-08-07$49.35$45.0039.4%11.4%40.3%18.1%40.9%1.7%-0.7%-47.9M-4.03B-34.1M0.6418.66N/AN/A1,110,120711,1503,352,7303,475,130
2020-08-10$48.34$45.0038.7%11.3%39.8%17.3%39.7%2.8%0.6%-16.7M-2.95B-33.4M0.5819.03N/AN/A673,750388,6503,067,3803,343,470
2020-08-11$46.95$45.0038.6%11.2%40.0%17.0%39.8%2.9%0.5%-58.6M-1.38B-33.1M0.5820.21N/AN/A736,970425,5103,169,3303,438,400
2020-08-12$47.56$45.0036.3%10.7%40.3%13.9%37.8%1.8%1.1%-5.2M-2.17B-33.3M0.4421.19N/AN/A710,540313,2703,350,0503,518,600
2020-08-13$48.17$45.0036.0%10.5%40.4%13.6%37.1%1.9%1.1%-1.8M-2.82B-33.1M0.5121.43N/AN/A627,580319,4403,338,6203,552,780
2020-08-14$48.12$45.0035.4%10.3%31.1%12.7%37.3%2.2%1.1%60.4M-2.68B-32.7M0.6121.60N/AN/A681,350418,7503,418,6603,598,750
2020-08-17$48.42$45.0035.4%10.2%29.8%12.7%36.8%2.0%0.8%64.9M-3.45B-31.8M0.5220.62N/AN/A424,310219,0803,066,8903,307,060
2020-08-18$49.33$45.0035.9%10.3%29.5%13.5%36.7%1.5%-0.1%136.0M-4.53B-31.9M0.4418.78N/AN/A847,130374,8803,174,2003,378,200
2020-08-19$48.48$46.0035.9%10.3%30.2%13.4%36.4%1.9%0.4%79.5M-3.55B-32.0M0.6623.44N/AN/A527,000345,9403,259,8503,439,820
2020-08-20$49.78$46.0035.9%10.3%29.6%13.4%36.6%1.7%0.7%216.9M-5.24B-32.4M0.5219.76N/AN/A870,400451,9603,340,3003,515,850
2020-08-21$49.10$46.0036.9%10.5%30.0%14.7%37.3%1.8%0.8%27.4M-4.38B-33.6M0.5327.43N/AN/A762,980404,7503,458,0903,568,090
2020-08-24$48.77$46.5038.4%10.9%27.8%16.8%38.6%1.1%0.2%69.2M-3.72B-34.1M0.5621.79N/AN/A674,780378,5902,767,5202,999,810
2020-08-25$48.94$47.0037.6%10.6%27.3%15.7%37.9%1.0%0.4%78.5M-3.88B-34.7M0.8928.06N/AN/A570,920510,0202,911,6503,152,880
2020-08-26$54.69$47.0044.9%13.2%47.8%25.6%47.0%-3.0%0.5%171.9M-9.88B-36.0M0.3428.57N/AN/A3,946,2801,334,6603,167,0203,516,210
2020-08-27$52.82$47.5047.5%13.1%49.9%29.0%47.2%-0.7%-0.0%172.1M-8.10B-40.4M0.4234.71N/AN/A1,608,390680,6803,706,8003,745,070
2020-08-28$52.33$47.5049.3%13.4%50.1%31.5%48.7%-1.0%0.3%143.6M-8.05B-44.0M0.3944.80N/AN/A1,171,340460,9504,103,5403,857,460
2020-08-31$53.07$47.5052.1%14.0%49.8%35.3%50.0%-0.9%0.2%160.6M-8.47B-43.9M0.2634.24N/AN/A1,339,050351,0003,744,7803,576,280