NFLX Options History — April 2021

In April 2021, NFLX traded between $50.62 and $55.52. ATM implied volatility averaged 35.1%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 1.6% (HV 20d: 33.5%). Max pain ranged from $51.50 to $53.50. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.67.

Notable Days

  • 2021-04-21: Highest Volume — 4,280,840 contracts
  • 2021-04-21: Largest IV drop — 26.6% change
  • 2021-04-01: Highest IV Rank — 21.0%
  • 2021-04-12: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.28$50.62$55.52$53.97$51.19
Max Pain$52.29$51.50$53.50$52.50$52.00
ATM IV35.1%25.2%41.8%41.8%25.5%
Expected Move9.4%7.1%11.0%8.0%7.2%
HV 20d33.5%27.4%40.3%36.6%33.6%
HV 60d38.5%30.4%46.2%46.2%32.0%
IV Rank11.2%0.0%21.0%21.0%0.8%
IV Percentile28.0%0.0%51.2%50.4%0.4%
Term Structure-1.2%-3.1%0.6%-2.0%-0.3%
VWIV33.7%25.3%39.3%30.6%25.7%
Skew 25d1.3%-0.2%3.5%1.6%1.4%
Skew 10d3.1%1.0%5.0%4.3%4.2%
Call IV 25d34.6%24.7%41.6%41.6%25.2%
Put IV 25d35.9%26.2%43.2%43.1%26.6%
Bid-Ask Spread %10.333.7416.053.749.21
Gamma HHI0.060.030.430.070.09
Net GEX74.6M-229.1M603.8M188.0M157.8M
Net DEX-2.04B-5.14B2.30B-3.80B-517.3M
Net VEX-44.0M-47.2M-41.1M-43.3M-47.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.350.990.700.94
Total Volume1,373,768.571422,8104,280,8401,232,9101,361,020
Total OI6,634,158.5715,552,6308,059,4306,032,2007,690,350

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$53.97$52.5041.8%8.0%36.6%21.0%30.6%1.6%-2.0%188.0M-3.80B-43.3M0.703.74N/AN/A724,800508,1102,849,0903,183,110
2021-04-05$54.00$51.5041.2%10.7%36.5%19.6%37.6%2.2%-2.0%119.9M-3.25B-42.6M0.539.67N/AN/A276,390146,4202,714,6302,989,620
2021-04-06$54.50$51.5041.0%10.6%33.0%19.1%37.8%2.3%-2.2%161.2M-3.95B-43.0M0.5110.21N/AN/A724,390371,7702,839,7603,047,990
2021-04-07$54.74$51.5040.2%10.5%32.0%17.3%36.6%3.5%-1.2%175.1M-4.14B-42.3M0.6314.01N/AN/A560,030355,1702,933,8403,168,830
2021-04-08$55.36$52.0041.6%10.8%32.1%20.5%38.0%2.6%-2.6%243.4M-5.12B-43.8M0.3512.67N/AN/A1,041,750368,8603,053,4403,287,100
2021-04-09$55.52$52.0041.1%10.8%30.4%19.5%38.4%2.3%-2.4%603.8M-5.14B-44.9M0.526.46N/AN/A832,810435,0103,164,3603,344,540
2021-04-12$55.35$52.0041.1%11.0%30.0%19.4%39.0%1.5%-2.0%134.5M-4.41B-44.2M0.5111.47N/AN/A554,740281,8702,951,8203,223,020
2021-04-13$55.33$52.5040.6%10.8%30.0%18.2%38.4%1.4%-2.6%130.7M-4.38B-43.9M0.4812.07N/AN/A614,770294,5103,027,1903,310,120
2021-04-14$54.02$52.5040.2%11.0%31.2%17.4%39.3%1.0%-1.9%32.0M-2.67B-43.4M0.5311.82N/AN/A612,280323,0003,070,3103,364,600
2021-04-15$54.87$52.5039.9%10.8%31.6%16.8%38.5%0.6%-2.5%112.0M-3.88B-43.4M0.4616.05N/AN/A594,720275,9703,138,1203,452,890
2021-04-16$54.53$52.5040.0%10.9%28.5%17.0%38.9%0.5%-3.1%52.4M-3.38B-43.8M0.6815.73N/AN/A620,020419,9003,141,1503,488,600
2021-04-19$55.26$52.5039.0%10.9%28.6%14.6%38.9%-0.1%-1.1%76.2M-3.31B-43.2M0.626.86N/AN/A690,030425,2802,546,5403,006,090
2021-04-20$55.24$53.0038.6%10.9%27.4%13.7%39.3%-0.2%-1.0%93.2M-3.47B-43.8M0.627.80N/AN/A1,514,780938,2602,777,7603,158,560
2021-04-21$50.72$53.5028.3%8.1%40.3%0.0%28.9%0.4%0.4%-229.1M2.30B-41.1M0.865.23N/AN/A2,296,7201,984,1203,290,7903,584,670
2021-04-22$50.62$53.0028.2%8.0%39.4%0.0%29.1%0.0%0.6%-229.1M2.13B-43.7M0.927.28N/AN/A1,258,6501,163,1403,662,9303,969,720
2021-04-23$50.66$52.5026.3%7.5%36.9%0.0%26.8%0.8%0.6%-118.9M1.76B-44.4M0.9911.90N/AN/A1,221,3101,208,9903,885,4904,173,940
2021-04-26$50.79$52.5026.3%7.5%36.9%0.1%27.6%0.9%0.3%-62.1M813.3M-44.1M0.6411.19N/AN/A666,970427,1503,130,2103,665,710
2021-04-27$50.69$52.0026.2%7.5%36.3%0.0%26.8%1.3%-0.3%-56.7M743.8M-45.1M0.707.03N/AN/A520,590363,8303,319,8803,806,320
2021-04-28$50.77$52.0025.7%7.2%36.3%0.0%26.1%1.2%-0.1%-24.4M508.7M-46.6M0.8913.94N/AN/A396,960352,0103,461,6903,922,200
2021-04-29$50.77$52.0025.2%7.1%35.8%0.0%25.3%1.5%0.1%7.3M364.4M-46.7M0.9512.51N/AN/A576,320545,7203,538,9203,981,430
2021-04-30$51.19$52.0025.5%7.2%33.6%0.8%25.7%1.4%-0.3%157.8M-517.3M-47.2M0.949.21N/AN/A702,870658,1503,611,2304,079,120