NFLX Options History — September 2020

In September 2020, NFLX traded between $46.66 and $55.53. ATM implied volatility averaged 53.6%, placing in the 37.2% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 2.0% (HV 20d: 51.5%). Max pain ranged from $47.50 to $50.50. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.63.

Notable Days

  • 2020-09-01: Highest Volume — 2,796,830 contracts
  • 2020-09-21: Largest IV spike — 14.1% change
  • 2020-09-23: Highest IV Rank — 48.4%
  • 2020-09-03: Largest Expected Move — 18.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.51$46.66$55.53$55.53$49.97
Max Pain$50.07$47.50$50.50$47.50$50.00
ATM IV53.6%45.4%61.9%54.6%54.1%
Expected Move14.2%11.5%18.0%14.7%11.5%
HV 20d51.5%38.3%59.3%51.7%38.3%
HV 60d47.4%46.1%48.7%46.8%46.2%
IV Rank37.2%26.2%48.4%38.6%38.0%
IV Percentile77.0%61.1%89.7%81.3%78.2%
Term Structure3.8%-3.5%14.1%0.1%0.8%
VWIV50.2%40.9%62.5%52.2%41.2%
Skew 25d2.0%-0.6%4.5%-0.3%0.4%
Skew 10d3.2%-1.1%8.0%-1.1%1.8%
Call IV 25d53.0%44.5%62.7%55.8%54.6%
Put IV 25d55.0%46.4%64.0%55.5%55.1%
Bid-Ask Spread %23.6513.4439.4614.9633.81
Gamma HHI0.050.040.100.060.07
Net GEX117.7M-54.6M286.6M273.2M286.6M
Net DEX-4.73B-12.38B-960.2M-12.38B-5.89B
Net VEX-43.7M-48.9M-40.8M-45.6M-42.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.271.020.340.39
Total Volume1,317,633.81832,5702,796,8302,796,8301,272,970
Total OI8,045,128.0957,135,2308,902,5407,891,1107,565,360

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-09-01$55.53$47.5054.6%14.7%51.7%38.6%52.2%-0.3%0.1%273.2M-12.38B-45.6M0.3414.96N/AN/A2,094,860701,9704,188,7003,702,410
2020-09-02$55.23$48.0052.7%14.3%51.3%36.1%51.2%-0.6%0.2%266.2M-11.76B-47.7M0.5526.25N/AN/A840,130458,5704,411,1303,904,080
2020-09-03$52.73$50.5056.1%18.0%54.3%40.7%62.5%3.1%-0.2%125.5M-8.20B-48.9M0.6418.20N/AN/A759,210485,9804,479,0503,995,840
2020-09-04$51.68$50.5053.4%17.3%53.5%37.0%59.8%4.5%0.4%121.7M-6.68B-48.2M0.8520.35N/AN/A920,040780,8604,501,1804,037,880
2020-09-08$50.70$50.5053.3%17.4%53.4%36.9%60.0%4.3%7.0%109.9M-6.25B-47.1M0.6817.48N/AN/A537,530363,0904,244,8103,799,940
2020-09-09$49.88$50.5047.8%16.2%52.6%29.5%56.4%3.4%8.8%80.7M-5.03B-45.8M1.0215.16N/AN/A744,010761,5504,375,4103,926,900
2020-09-10$48.18$50.5050.4%16.6%54.1%33.0%57.8%4.1%9.6%-14.6M-2.65B-44.4M0.9820.54N/AN/A829,360809,4404,453,6304,031,860
2020-09-11$48.12$50.5049.6%15.9%53.9%31.9%55.9%4.5%9.5%-54.6M-2.53B-44.0M0.9113.44N/AN/A790,530719,9504,584,8604,154,690
2020-09-14$47.70$50.5052.3%15.5%54.0%35.5%54.2%2.2%2.6%33.3M-2.38B-42.0M0.9116.82N/AN/A697,260636,8504,292,1803,914,430
2020-09-15$49.37$50.5045.4%13.0%55.4%26.2%46.0%0.9%12.8%99.7M-4.56B-42.4M0.4431.55N/AN/A1,109,580491,3304,304,7403,967,370
2020-09-16$48.59$50.5046.0%13.2%55.3%27.0%47.3%0.5%13.5%81.2M-3.62B-42.9M0.5427.73N/AN/A676,580363,4404,510,0704,007,770
2020-09-17$46.76$50.5048.4%13.1%56.6%30.2%46.9%2.0%14.1%-23.3M-1.01B-40.8M0.8621.43N/AN/A797,230682,0004,650,8804,050,270
2020-09-18$46.66$50.5050.0%12.9%55.6%32.5%46.7%2.1%14.1%1.2M-960.2M-41.1M0.7223.16N/AN/A945,000685,0504,776,6604,125,880
2020-09-21$48.47$50.5057.1%13.2%57.3%42.0%48.3%1.3%-3.5%138.1M-3.68B-42.3M0.3919.51N/AN/A787,740310,3503,928,6303,206,600
2020-09-22$49.14$50.0057.9%12.7%57.5%43.1%45.8%0.5%-1.3%194.5M-4.50B-42.4M0.4627.54N/AN/A609,910278,3204,062,1503,265,650
2020-09-23$47.15$50.0061.9%13.6%59.3%48.4%47.6%1.3%-2.5%82.9M-2.17B-41.3M0.2731.75N/AN/A993,310272,3604,120,7903,333,960
2020-09-24$47.31$50.0061.6%13.0%41.9%48.0%46.7%3.3%-3.4%85.9M-2.32B-41.5M0.6039.46N/AN/A519,720312,8504,286,1103,392,820
2020-09-25$48.31$50.0059.4%12.0%41.7%45.1%43.3%2.3%-2.8%183.1M-3.51B-42.3M0.6025.23N/AN/A573,200346,5904,356,2903,448,740
2020-09-28$48.99$50.0057.3%12.0%42.2%42.3%43.0%1.5%-0.0%180.2M-4.46B-42.0M0.5632.71N/AN/A546,950308,2004,022,3403,166,450
2020-09-29$49.28$50.0055.4%11.6%41.8%39.8%40.9%0.8%0.2%220.8M-4.88B-41.7M0.4919.53N/AN/A573,650282,7904,147,2203,251,960
2020-09-30$49.97$50.0054.1%11.5%38.3%38.0%41.2%0.4%0.8%286.6M-5.89B-42.4M0.3933.81N/AN/A915,140357,8304,248,5103,316,850