NFLX Options History — March 2021

In March 2021, NFLX traded between $49.58 and $55.12. ATM implied volatility averaged 38.2%, placing in the 11.5% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 6.5% (HV 20d: 31.7%). Max pain ranged from $52.00 to $52.50. Net GEX was positive for 14 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.76.

Notable Days

  • 2021-03-23: Highest Volume — 1,462,690 contracts
  • 2021-03-18: Largest IV spike — 13.8% change
  • 2021-03-25: Highest IV Rank — 30.6%
  • 2021-03-08: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.87$49.58$55.12$54.88$52.17
Max Pain$52.22$52.00$52.50$52.50$52.50
ATM IV38.2%32.4%46.1%33.2%43.8%
Expected Move10.0%8.4%11.9%9.3%8.4%
HV 20d31.7%18.9%39.4%19.7%35.9%
HV 60d44.9%43.3%46.3%43.3%45.7%
IV Rank11.5%0.0%30.6%0.9%25.3%
IV Percentile27.2%0.0%63.1%0.4%56.0%
Term Structure2.2%-2.2%10.4%-0.3%-2.2%
VWIV35.5%30.7%41.7%34.1%30.7%
Skew 25d3.3%2.2%6.0%2.7%2.2%
Skew 10d7.4%4.5%13.2%6.3%5.7%
Call IV 25d36.7%31.0%44.8%32.0%42.3%
Put IV 25d40.0%34.2%47.9%34.7%44.5%
Bid-Ask Spread %17.613.9336.325.1212.26
Gamma HHI0.030.030.050.030.04
Net GEX3.6M-107.4M102.3M43.9M93.8M
Net DEX-765.2M-3.44B1.32B-3.17B-1.59B
Net VEX-42.7M-44.8M-41.1M-41.5M-43.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.401.140.930.73
Total Volume905,279.565390,1501,462,690659,040729,480
Total OI5,891,598.6965,164,1306,452,9705,293,1805,963,810

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$54.88$52.5033.2%9.3%19.7%0.9%34.1%2.7%-0.3%43.9M-3.17B-41.5M0.935.12N/AN/A342,030317,0102,494,3702,798,810
2021-03-02$55.12$52.5033.1%9.4%18.9%0.6%33.4%2.6%-0.2%82.9M-3.44B-41.7M0.4313.22N/AN/A417,270181,0102,526,6602,801,180
2021-03-03$52.48$52.5036.9%10.8%24.9%6.3%38.4%3.6%-0.7%-66.3M-690.4M-41.1M0.7812.42N/AN/A718,150563,4702,606,1702,845,960
2021-03-04$51.17$52.5038.5%11.6%25.6%8.7%41.0%6.0%-1.2%-94.3M675.5M-41.8M1.1421.01N/AN/A581,550663,2902,821,4103,033,730
2021-03-05$51.60$52.5036.9%11.2%25.1%6.4%40.1%4.8%-0.2%-107.4M293.3M-42.7M0.9028.73N/AN/A701,500629,2302,944,4003,196,970
2021-03-08$49.58$52.0039.0%11.9%28.2%9.5%41.7%5.6%3.1%-68.9M1.32B-41.8M0.9524.70N/AN/A362,510343,0802,778,0303,025,880
2021-03-09$50.86$52.0036.0%11.2%30.2%5.1%39.9%5.0%3.2%-37.1M138.3M-43.3M1.0027.78N/AN/A302,130302,7102,867,3903,111,990
2021-03-10$50.76$52.0035.7%11.2%28.7%4.6%39.7%3.5%2.9%-49.5M280.3M-43.4M1.0826.99N/AN/A299,400322,9702,920,9003,180,700
2021-03-11$52.40$52.0035.0%11.1%31.4%3.5%38.9%2.4%4.4%65.0M-1.74B-44.8M0.4036.32N/AN/A824,620330,1002,991,4303,318,990
2021-03-12$51.79$52.0035.1%10.7%31.5%3.7%38.2%2.9%3.4%46.3M-989.9M-44.2M0.6430.10N/AN/A624,330398,1803,109,4303,343,540
2021-03-15$51.73$52.0033.7%9.7%31.5%1.5%34.6%2.4%10.1%9.4M-807.0M-43.1M0.6426.48N/AN/A392,880250,2002,899,8703,233,430
2021-03-16$52.46$52.0032.4%9.3%32.1%0.0%33.5%2.8%10.3%62.1M-1.69B-42.8M0.7122.81N/AN/A627,420442,5402,952,4503,268,250
2021-03-17$52.36$52.0032.7%9.4%32.1%0.5%34.0%2.5%10.4%50.8M-1.56B-43.0M0.9126.79N/AN/A301,100274,8002,960,9003,258,970
2021-03-18$50.54$52.0037.2%10.2%34.2%7.1%35.5%3.6%9.3%-72.1M689.7M-41.7M0.7110.47N/AN/A429,430305,2003,001,8803,294,400
2021-03-19$50.99$52.0035.7%9.2%34.1%7.4%32.9%3.2%9.8%-13.4M364.1M-41.4M0.828.64N/AN/A623,450513,5803,036,1103,363,580
2021-03-22$52.39$52.0039.0%8.7%35.7%14.7%31.3%2.9%-1.2%31.7M-1.60B-41.8M0.6910.99N/AN/A488,780336,7502,395,8002,768,330
2021-03-23$53.73$52.0040.6%8.9%36.2%18.3%31.5%3.0%-1.2%102.3M-2.93B-42.4M0.4711.54N/AN/A992,920469,7702,500,2002,813,240
2021-03-24$52.42$52.0042.0%9.0%36.9%21.3%31.4%3.9%-1.3%46.5M-1.52B-42.4M0.683.93N/AN/A588,680401,6802,637,5802,866,030
2021-03-25$50.42$52.5046.1%10.0%38.9%30.6%35.4%3.1%-2.1%-106.0M939.0M-42.7M0.7311.27N/AN/A837,890609,1902,866,6403,077,960
2021-03-26$50.44$52.5045.3%9.8%38.9%28.8%34.5%3.0%-1.7%5.7M752.6M-43.1M0.8911.02N/AN/A541,480480,6602,957,0203,145,910
2021-03-29$51.38$52.5045.8%9.8%39.4%29.9%34.3%2.4%-1.7%25.7M-707.9M-43.6M0.5610.84N/AN/A363,580205,2802,695,8102,996,870
2021-03-30$51.38$52.5045.2%8.9%39.3%28.6%32.2%2.4%-2.2%31.9M-610.8M-43.6M0.8011.63N/AN/A216,800173,3502,767,2403,066,550
2021-03-31$52.17$52.5043.8%8.4%35.9%25.3%30.7%2.2%-2.2%93.8M-1.59B-43.7M0.7312.26N/AN/A422,050307,4302,830,4303,133,380