NFLX Options History — November 2020

In November 2020, NFLX traded between $47.56 and $51.35. ATM implied volatility averaged 37.5%, placing in the 15.6% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded below realized volatility by 10.3% (HV 20d: 47.8%). Max pain ranged from $49.50 to $51.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.64.

Notable Days

  • 2020-11-20: Highest Volume — 2,152,070 contracts
  • 2020-11-04: Largest IV drop — 10.1% change
  • 2020-11-02: Highest IV Rank — 28.1%
  • 2020-11-02: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.78$47.56$51.35$48.29$48.86
Max Pain$50.08$49.50$51.00$49.50$50.00
ATM IV37.5%34.0%46.8%46.8%35.0%
Expected Move11.0%9.9%14.1%14.1%10.6%
HV 20d47.8%34.7%52.9%49.5%34.7%
HV 60d47.6%42.3%50.8%48.2%42.3%
IV Rank15.6%10.9%28.1%28.1%12.3%
IV Percentile27.5%16.3%61.1%61.1%17.9%
Term Structure0.2%-0.8%1.3%0.1%0.9%
VWIV39.9%35.7%52.3%52.3%39.5%
Skew 25d1.6%-0.2%4.6%4.6%-0.1%
Skew 10d3.3%-0.9%10.2%9.5%0.0%
Call IV 25d37.6%34.7%45.8%45.8%36.1%
Put IV 25d39.2%34.8%50.4%50.4%36.0%
Bid-Ask Spread %18.669.2631.4622.2211.40
Gamma HHI0.060.030.290.030.04
Net GEX117.5M20.0M354.0M53.8M87.3M
Net DEX-2.58B-5.90B-972.3M-2.26B-2.67B
Net VEX-39.9M-43.5M-37.3M-43.3M-37.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.351.030.660.76
Total Volume1,041,850.5553,8602,152,070623,250971,420
Total OI7,731,113.56,841,0208,319,3907,411,9507,007,720

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$48.29$49.5046.8%14.1%49.5%28.1%52.3%4.6%0.1%53.8M-2.26B-43.3M0.6622.22N/AN/A375,800247,4503,732,2203,679,730
2020-11-03$48.86$49.5045.0%13.5%49.0%25.7%48.8%4.1%-0.0%70.5M-2.84B-42.6M0.7827.71N/AN/A312,010241,8503,732,2203,679,730
2020-11-04$49.60$49.5040.4%12.1%44.3%19.6%45.0%3.6%0.4%119.9M-3.58B-42.8M1.0318.36N/AN/A345,780356,7803,822,4503,776,840
2020-11-05$51.34$51.0040.2%11.9%46.3%19.3%42.9%2.5%0.5%213.7M-5.90B-43.5M0.7516.77N/AN/A764,410573,5003,863,5403,809,650
2020-11-06$51.35$51.0036.4%10.9%46.2%14.1%39.5%1.8%1.3%210.4M-5.83B-42.5M0.8119.88N/AN/A632,010512,8403,982,8203,923,710
2020-11-09$47.56$51.0038.9%11.4%52.9%17.5%40.6%2.0%0.8%20.0M-972.3M-39.4M0.7021.06N/AN/A831,320581,9803,735,2703,712,870
2020-11-10$48.30$50.0039.3%11.5%52.2%18.0%41.4%1.8%0.7%63.3M-1.89B-41.1M0.4822.48N/AN/A746,520355,6303,988,9103,905,840
2020-11-11$49.00$50.0038.1%11.1%52.4%16.5%39.6%1.7%0.7%134.5M-3.05B-41.3M0.5931.46N/AN/A551,080324,9804,123,3303,970,590
2020-11-12$48.44$50.0038.4%11.2%52.4%16.8%40.2%2.1%0.6%99.0M-2.12B-40.9M0.7320.29N/AN/A640,820468,9004,191,3804,037,040
2020-11-13$48.27$50.0036.9%10.7%52.4%14.8%39.1%2.6%0.7%55.9M-1.63B-40.3M0.8522.42N/AN/A508,800433,2804,189,6704,129,720
2020-11-16$47.80$50.0035.0%10.0%52.4%12.2%36.2%1.7%0.2%45.6M-977.1M-38.3M0.8819.19N/AN/A447,110393,4803,865,0503,876,880
2020-11-17$48.07$50.0034.4%9.9%52.5%11.4%36.4%1.2%-0.0%72.7M-1.37B-37.8M0.4314.56N/AN/A682,570290,5703,988,5004,035,130
2020-11-18$48.36$50.0035.0%10.0%45.6%12.3%35.9%1.0%-0.4%129.2M-1.86B-39.2M0.4721.23N/AN/A592,790278,6304,136,9004,095,700
2020-11-19$48.61$50.0035.2%10.1%45.6%12.5%36.3%0.7%-0.1%171.9M-2.18B-38.2M0.5413.47N/AN/A405,790220,9104,053,9704,120,760
2020-11-20$48.93$50.0036.0%10.4%45.5%13.6%37.6%-0.2%-0.5%184.9M-2.55B-38.5M0.3519.36N/AN/A1,595,960556,1104,105,5104,136,330
2020-11-23$48.02$50.0035.0%10.2%46.0%12.3%36.8%0.4%-0.3%59.2M-1.83B-37.3M0.569.26N/AN/A856,920476,6403,274,4703,566,550
2020-11-24$48.34$50.0034.0%9.9%46.1%10.9%35.7%-0.0%-0.2%83.2M-2.22B-38.4M0.519.53N/AN/A573,300294,3403,521,1203,810,560
2020-11-25$48.53$50.0034.2%9.9%46.1%11.1%35.9%-0.2%-0.8%120.7M-2.54B-37.6M0.4814.35N/AN/A723,180347,1303,565,6103,870,690
2020-11-27$48.98$50.0034.9%10.3%43.6%12.2%37.2%0.2%-0.7%354.0M-3.40B-37.8M0.4218.13N/AN/A933,030391,3903,678,4203,924,870
2020-11-30$48.86$50.0035.0%10.6%34.7%12.3%39.5%-0.1%0.9%87.3M-2.67B-37.9M0.7611.40N/AN/A552,750418,6703,368,2503,639,470