NFLX Options History — December 2021

In December 2021, NFLX traded between $58.72 and $62.84. ATM implied volatility averaged 34.2%, placing in the 47.0% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 3.3% (HV 20d: 31.0%). Max pain ranged from $55.00 to $63.50. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.87.

Notable Days

2021-12-01: Highest Volume — 1,187,120 contracts
2021-12-20: Largest IV spike — 16.6% change
2021-12-20: Highest IV Rank — 66.0%
2021-12-03: Largest Expected Move — 12.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$60.82	$58.72	$62.84	$61.99	$60.48
Max Pain	$56.39	$55.00	$63.50	$63.50	$56.00
ATM IV	34.2%	28.0%	39.6%	36.3%	36.8%
Expected Move	10.9%	10.0%	12.1%	11.0%	11.3%
HV 20d	31.0%	26.0%	34.0%	32.3%	26.5%
HV 60d	30.5%	27.7%	31.3%	29.6%	27.8%
IV Rank	47.0%	24.9%	66.0%	54.4%	56.0%
IV Percentile	57.5%	34.5%	81.7%	63.5%	70.2%
Term Structure	1.0%	-2.2%	7.6%	-0.1%	-2.2%
VWIV	38.4%	35.2%	42.1%	38.2%	40.0%
Skew 25d	4.0%	2.6%	8.6%	3.1%	2.6%
Skew 10d	8.0%	5.1%	16.1%	6.2%	6.3%
Call IV 25d	32.9%	27.3%	40.2%	35.5%	36.8%
Put IV 25d	36.9%	30.6%	45.3%	38.5%	39.3%
Bid-Ask Spread %	34.19	6.79	48.24	48.24	36.99
Gamma HHI	0.05	0.02	0.34	0.03	0.09
Net GEX	-15.9M	-171.2M	279.6M	-109.5M	-61.2M
Net DEX	-1.65B	-3.02B	851.1M	-1.38B	-2.10B
Net VEX	-39.2M	-41.4M	-36.6M	-40.9M	-36.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.87	0.45	1.25	0.98	0.76
Total Volume	808,673.636	520,740	1,187,120	1,187,120	735,300
Total OI	6,212,911.818	5,685,190	6,624,800	6,201,510	6,194,140

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-12-01	$61.99	$63.50	36.3%	11.0%	32.3%	54.4%	38.2%	3.1%	-0.1%	-109.5M	-1.38B	-40.9M	0.98	48.24	N/A	N/A	598,060	589,060	2,564,500	3,637,010
2021-12-02	$61.90	$63.50	34.7%	10.4%	31.4%	48.7%	36.7%	4.7%	0.1%	-122.6M	-1.16B	-40.9M	1.20	44.01	N/A	N/A	407,760	489,810	2,654,480	3,692,910
2021-12-03	$59.51	$63.50	39.4%	12.1%	32.5%	65.3%	42.1%	8.6%	-0.3%	-171.2M	851.1M	-41.0M	1.10	34.46	N/A	N/A	564,060	621,580	2,690,140	3,757,010
2021-12-06	$61.19	$55.00	34.2%	11.3%	32.7%	46.9%	41.5%	5.6%	-0.1%	-50.0M	-1.42B	-41.4M	0.77	32.37	N/A	N/A	419,850	324,410	2,524,870	3,613,520
2021-12-07	$62.43	$55.00	30.1%	10.5%	33.5%	32.3%	37.4%	4.8%	0.1%	-14.4M	-2.52B	-40.5M	0.53	38.46	N/A	N/A	592,790	313,320	2,589,920	3,652,720
2021-12-08	$62.84	$55.00	29.0%	10.3%	33.4%	28.4%	36.8%	3.5%	0.1%	28.3M	-3.02B	-40.1M	0.69	41.00	N/A	N/A	408,880	281,930	2,660,840	3,690,920
2021-12-09	$61.34	$55.00	29.5%	10.3%	34.0%	30.4%	36.7%	3.3%	0.6%	-56.6M	-1.69B	-39.4M	1.17	40.58	N/A	N/A	353,860	412,760	2,711,190	3,752,910
2021-12-10	$61.00	$55.00	28.0%	10.0%	32.9%	24.9%	35.2%	3.4%	0.2%	-120.9M	-1.32B	-40.2M	1.00	37.79	N/A	N/A	446,910	444,880	2,756,240	3,814,950
2021-12-13	$60.58	$55.00	30.1%	10.4%	29.9%	32.5%	37.8%	4.5%	6.1%	-61.3M	-1.25B	-39.4M	1.25	42.54	N/A	N/A	258,530	322,600	2,535,330	3,691,160
2021-12-14	$59.54	$55.00	32.1%	10.8%	30.2%	39.3%	38.1%	4.5%	5.6%	-82.9M	-454.9M	-39.3M	1.20	42.97	N/A	N/A	373,200	448,660	2,589,820	3,741,740
2021-12-15	$60.27	$55.00	30.7%	10.9%	30.2%	34.5%	39.3%	4.2%	7.2%	-48.6M	-1.18B	-39.4M	1.04	43.88	N/A	N/A	316,250	327,520	2,669,940	3,780,620
2021-12-16	$59.02	$55.00	33.5%	11.3%	30.1%	44.4%	39.4%	4.6%	7.4%	-89.6M	-133.8M	-40.1M	1.16	31.54	N/A	N/A	371,510	430,990	2,715,930	3,812,530
2021-12-17	$58.72	$55.00	34.0%	11.1%	30.0%	46.2%	39.4%	4.3%	7.6%	-65.0M	45.9M	-39.4M	1.04	36.86	N/A	N/A	408,140	425,880	2,783,880	3,840,920
2021-12-20	$59.20	$55.00	39.6%	11.8%	30.5%	66.0%	42.1%	3.8%	-1.1%	-21.2M	-972.4M	-39.6M	0.55	37.57	N/A	N/A	659,460	364,990	2,302,250	3,382,940
2021-12-21	$60.20	$55.00	37.3%	11.0%	31.1%	57.9%	38.6%	3.3%	-0.9%	26.0M	-1.90B	-39.0M	0.70	35.19	N/A	N/A	479,530	337,190	2,426,120	3,479,160
2021-12-22	$61.38	$55.00	36.4%	10.4%	32.0%	54.7%	36.8%	3.4%	-0.8%	114.3M	-2.97B	-38.1M	0.73	14.92	N/A	N/A	397,670	290,270	2,467,530	3,524,180
2021-12-23	$61.53	$55.00	35.2%	10.1%	31.8%	50.4%	35.5%	2.9%	-0.2%	279.6M	-3.02B	-38.0M	0.62	6.79	N/A	N/A	469,150	290,890	2,498,840	3,555,710
2021-12-27	$61.33	$56.00	36.5%	10.7%	30.8%	54.8%	38.5%	3.4%	-1.3%	26.8M	-2.64B	-37.3M	0.93	28.81	N/A	N/A	270,500	250,240	2,336,410	3,447,780
2021-12-28	$61.10	$56.00	36.8%	11.0%	30.8%	56.2%	38.3%	2.9%	-1.8%	38.9M	-2.55B	-37.4M	0.45	16.78	N/A	N/A	595,380	270,340	2,408,980	3,516,480
2021-12-29	$61.09	$56.00	36.5%	10.9%	28.4%	55.1%	38.4%	3.5%	-1.6%	78.1M	-2.60B	-37.3M	0.76	34.75	N/A	N/A	301,620	227,800	2,524,520	3,564,450
2021-12-30	$61.38	$56.00	36.4%	11.1%	26.0%	54.6%	39.0%	2.8%	-1.9%	133.3M	-2.93B	-37.3M	0.45	25.67	N/A	N/A	617,690	279,600	2,537,030	3,591,540
2021-12-31	$60.48	$56.00	36.8%	11.3%	26.5%	56.0%	40.0%	2.6%	-2.2%	-61.2M	-2.10B	-36.6M	0.76	36.99	N/A	N/A	417,390	317,910	2,581,270	3,612,870