NFLX Options History — December 2020

In December 2020, NFLX traded between $49.33 and $53.78. ATM implied volatility averaged 40.1%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 11.3% (HV 20d: 28.8%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.56.

Notable Days

  • 2020-12-31: Highest Volume — 2,513,400 contracts
  • 2020-12-21: Largest IV spike — 13.7% change
  • 2020-12-23: Highest IV Rank — 26.2%
  • 2020-12-11: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.59$49.33$53.78$50.30$53.78
Max Pain$47.07$45.00$50.00$50.00$48.00
ATM IV40.1%34.5%47.7%34.9%46.0%
Expected Move10.4%9.5%11.0%10.4%9.8%
HV 20d28.8%21.0%35.5%35.5%29.1%
HV 60d41.1%38.2%42.5%42.5%38.2%
IV Rank17.2%11.6%26.2%12.1%23.9%
IV Percentile35.7%15.1%62.3%15.9%58.3%
Term Structure2.4%-1.7%11.5%1.3%-1.7%
VWIV37.3%34.5%39.2%37.9%35.7%
Skew 25d-0.5%-1.9%0.6%-0.5%-1.6%
Skew 10d-0.1%-2.7%2.4%0.3%-2.7%
Call IV 25d41.0%35.0%49.7%36.1%48.0%
Put IV 25d40.5%34.8%48.8%35.6%46.4%
Bid-Ask Spread %10.633.0227.167.983.89
Gamma HHI0.070.030.230.050.11
Net GEX187.6M-13.2M398.9M188.8M286.1M
Net DEX-5.29B-8.08B-2.51B-4.61B-7.47B
Net VEX-37.3M-38.9M-35.3M-38.4M-35.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.560.370.900.380.37
Total Volume1,199,963.182560,9802,513,4002,088,8902,513,400
Total OI7,385,314.0916,376,9008,175,3607,370,0507,070,040

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-12-01$50.30$50.0034.9%10.4%35.5%12.1%37.9%-0.5%1.3%188.8M-4.61B-38.4M0.387.98N/AN/A1,511,070577,8203,516,7803,853,270
2020-12-02$50.23$50.0035.7%10.6%35.3%13.2%38.3%-0.6%0.9%185.9M-4.34B-38.9M0.379.70N/AN/A798,040298,5103,612,4203,894,270
2020-12-03$49.73$45.0034.5%10.8%35.2%11.6%38.5%0.1%1.4%153.5M-3.63B-37.7M0.5313.12N/AN/A812,260431,0603,659,9803,944,120
2020-12-04$49.79$45.0034.8%10.7%32.8%11.9%37.5%-0.3%1.7%184.1M-3.68B-37.6M0.626.39N/AN/A840,660519,5403,741,5804,052,500
2020-12-07$51.60$45.0036.4%11.0%35.3%14.2%39.2%-0.8%1.3%183.0M-5.71B-37.9M0.467.78N/AN/A1,094,640499,1103,462,8903,851,840
2020-12-08$51.20$45.5035.9%11.0%21.0%12.1%38.6%-1.9%1.5%198.0M-5.25B-38.1M0.457.48N/AN/A840,270376,4403,644,2303,918,810
2020-12-09$49.33$46.5037.0%11.0%25.1%13.6%39.0%0.3%1.3%59.2M-2.51B-38.3M0.5725.94N/AN/A819,830463,9603,721,4203,990,680
2020-12-10$50.14$46.5036.2%10.9%25.2%12.5%38.7%0.6%2.1%118.4M-3.67B-38.4M0.5214.82N/AN/A571,170294,2503,856,2604,137,560
2020-12-11$50.22$46.5038.1%11.0%24.7%15.1%39.2%-0.3%0.1%171.6M-3.82B-38.1M0.6314.63N/AN/A683,540433,3103,956,5904,218,770
2020-12-14$52.17$46.5037.9%11.0%27.8%14.8%39.1%0.2%8.1%224.9M-6.30B-37.1M0.4927.16N/AN/A1,067,460520,5603,578,4704,010,850
2020-12-15$51.99$46.5037.0%10.6%27.5%13.5%37.7%-0.1%10.0%255.6M-5.99B-36.8M0.7714.05N/AN/A526,000403,2303,671,7504,050,850
2020-12-16$52.68$47.0036.9%10.6%27.7%12.6%37.5%-0.4%10.5%326.5M-7.21B-37.0M0.5017.25N/AN/A767,610386,3003,751,4804,154,150
2020-12-17$53.14$47.0038.1%10.3%27.7%13.7%36.5%-1.0%11.5%398.9M-8.08B-37.8M0.489.24N/AN/A945,140453,6503,837,0204,225,000
2020-12-18$52.89$47.0040.6%10.5%27.9%16.2%37.7%-0.9%11.2%391.2M-7.25B-38.0M0.549.70N/AN/A694,070373,4703,833,1804,222,210
2020-12-21$52.75$47.5046.1%10.5%28.0%24.0%38.5%-0.9%-1.3%148.2M-5.85B-37.4M0.7610.23N/AN/A453,030345,2402,999,4303,377,470
2020-12-22$52.53$47.5046.6%10.2%26.9%24.7%37.1%-0.5%-1.2%125.0M-5.57B-37.0M0.554.72N/AN/A361,990198,9903,124,5103,534,920
2020-12-23$51.64$47.5047.7%9.9%27.9%26.2%35.4%-0.6%-1.5%57.7M-4.51B-36.7M0.668.50N/AN/A467,600309,5603,152,0503,588,510
2020-12-24$51.31$47.5046.2%9.5%28.1%24.2%34.5%0.3%-0.9%-13.2M-3.93B-36.6M0.9010.54N/AN/A305,270275,3903,260,6903,684,510
2020-12-28$52.01$47.5044.9%9.6%28.3%22.3%34.6%-0.7%-1.5%113.6M-4.95B-35.3M0.514.21N/AN/A619,350318,1803,035,7903,528,930
2020-12-29$53.12$48.0045.4%9.8%28.9%23.0%35.4%-0.8%-0.9%211.2M-6.51B-36.0M0.493.02N/AN/A962,810473,4803,193,4903,610,040
2020-12-30$52.46$48.0045.0%9.6%28.0%22.5%35.0%-0.9%-1.4%159.3M-5.57B-35.5M0.703.55N/AN/A464,770327,1603,262,0203,685,580
2020-12-31$53.78$48.0046.0%9.8%29.1%23.9%35.7%-1.6%-1.7%286.1M-7.47B-35.3M0.373.89N/AN/A1,834,230679,1703,299,8003,770,240