NFLX Options History — January 2022

In January 2022, NFLX traded between $35.98 and $59.74. ATM implied volatility averaged 43.7%, placing in the 82.9% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded below realized volatility by 6.8% (HV 20d: 50.4%). Max pain ranged from $40.00 to $62.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.83.

Notable Days

2022-01-21: Highest Volume — 7,918,250 contracts
2022-01-28: Largest IV drop — 11.2% change
2022-01-20: Highest IV Rank — 100.0%
2022-01-26: Largest Expected Move — 15.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.75	$35.98	$59.74	$59.74	$42.52
Max Pain	$53.75	$40.00	$62.00	$56.00	$40.00
ATM IV	43.7%	36.7%	49.5%	36.7%	43.0%
Expected Move	12.7%	11.1%	15.0%	11.8%	13.0%
HV 20d	50.4%	20.6%	111.0%	22.8%	111.0%
HV 60d	41.0%	27.9%	68.1%	27.9%	68.1%
IV Rank	82.9%	55.8%	100.0%	55.8%	77.4%
IV Percentile	94.0%	69.8%	100.0%	69.8%	94.4%
Term Structure	-2.0%	-4.0%	-0.2%	-1.5%	-3.0%
VWIV	45.2%	39.4%	54.8%	41.8%	47.8%
Skew 25d	4.6%	2.2%	8.6%	2.3%	2.9%
Skew 10d	9.7%	5.3%	17.0%	5.3%	5.3%
Call IV 25d	42.2%	35.9%	48.6%	35.9%	42.1%
Put IV 25d	46.8%	38.2%	54.7%	38.2%	45.0%
Bid-Ask Spread %	27.53	9.47	44.91	16.18	9.47
Gamma HHI	0.05	0.03	0.11	0.03	0.04
Net GEX	-73.4M	-171.3M	2.4M	-10.7M	2.4M
Net DEX	3.34B	-1.54B	10.20B	-1.54B	1.01B
Net VEX	-35.6M	-41.3M	-25.1M	-36.2M	-41.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.83	0.57	1.20	0.64	0.60
Total Volume	1,950,972.5	739,530	7,918,250	739,530	3,364,840
Total OI	6,936,756.5	5,831,980	8,674,430	5,831,980	7,957,570

Daily Data (20 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
2022-01-03	$59.74	$56.00	36.7%	11.8%	22.8%	55.8%	41.8%	2.3%	-1.5%	-10.7M	-1.54B	-36.2M	0.64	16.18	N/A	N/A	450,090	289,440	2,353,550	3,478,430
2022-01-04	$59.18	$56.00	37.9%	12.3%	20.6%	60.8%	43.6%	2.2%	-1.4%	-15.0M	-1.19B	-36.3M	0.64	34.00	N/A	N/A	481,110	307,190	2,478,490	3,557,310
2022-01-05	$57.00	$56.00	40.1%	13.6%	22.6%	68.7%	48.4%	2.9%	-1.7%	-84.7M	590.8M	-37.6M	0.82	33.55	N/A	N/A	499,490	409,770	2,564,510	3,620,660
2022-01-06	$55.26	$62.00	41.9%	11.1%	24.0%	75.2%	39.7%	4.0%	-1.2%	-121.7M	2.02B	-37.2M	0.89	38.25	N/A	N/A	805,940	720,670	2,659,710	3,681,950
2022-01-07	$53.97	$61.50	42.5%	11.3%	24.0%	77.2%	39.7%	4.9%	-1.7%	-171.3M	2.85B	-37.4M	1.20	36.42	N/A	N/A	461,240	553,220	2,800,320	3,814,400
2022-01-10	$53.69	$61.00	43.0%	11.7%	24.0%	79.0%	41.6%	5.1%	-1.0%	-91.6M	2.58B	-37.3M	0.86	35.02	N/A	N/A	454,590	390,790	2,613,100	3,709,260
2022-01-11	$54.09	$60.00	40.7%	11.1%	24.4%	70.7%	39.5%	4.0%	-1.7%	-69.8M	2.15B	-37.2M	0.66	36.58	N/A	N/A	448,690	298,160	2,751,060	3,800,930
2022-01-12	$53.66	$60.00	41.3%	11.2%	24.1%	76.6%	39.4%	2.8%	-2.3%	-72.7M	2.33B	-36.6M	0.57	44.91	N/A	N/A	545,920	309,200	2,841,950	3,869,580
2022-01-13	$52.03	$59.50	42.6%	11.6%	24.8%	81.4%	40.6%	4.0%	-2.5%	-126.2M	3.64B	-36.3M	0.92	34.16	N/A	N/A	584,300	537,080	2,940,110	3,935,780
2022-01-14	$52.94	$57.50	42.2%	11.6%	25.7%	83.4%	41.0%	4.5%	-2.4%	-66.5M	2.84B	-37.2M	0.67	43.16	N/A	N/A	1,007,970	677,150	3,017,980	4,024,130
2022-01-18	$50.96	$57.50	45.3%	12.8%	28.2%	96.8%	44.8%	3.9%	-2.9%	-90.6M	3.77B	-36.1M	0.76	22.84	N/A	N/A	455,440	344,750	2,806,660	3,856,930
2022-01-19	$51.68	$56.00	45.1%	12.9%	28.7%	95.7%	44.8%	4.7%	-4.0%	-76.4M	3.20B	-37.3M	0.73	38.08	N/A	N/A	663,760	487,880	2,903,060	3,938,890
2022-01-20	$50.93	$56.00	46.6%	13.5%	27.4%	100.0%	48.1%	5.0%	-3.1%	-90.3M	3.78B	-37.2M	0.95	20.68	N/A	N/A	1,079,680	1,024,760	2,891,420	4,043,290
2022-01-21	$39.03	$55.50	49.1%	14.3%	94.5%	100.0%	49.8%	4.8%	-3.8%	-110.1M	10.20B	-25.1M	0.92	20.36	N/A	N/A	4,127,460	3,790,790	3,239,980	4,423,510
2022-01-24	$38.19	$50.50	48.2%	14.4%	94.0%	96.8%	52.0%	7.8%	-1.5%	-57.6M	6.28B	-30.1M	1.09	13.92	N/A	N/A	1,625,710	1,772,580	2,996,080	3,428,980
2022-01-25	$37.08	$46.00	45.9%	14.0%	93.7%	88.6%	48.6%	7.0%	-0.2%	-54.7M	6.34B	-31.3M	0.81	11.80	N/A	N/A	1,045,890	852,070	3,451,930	3,827,830
2022-01-26	$35.98	$44.00	49.5%	15.0%	93.4%	100.0%	54.8%	8.6%	-1.8%	-66.6M	6.71B	-31.7M	0.97	33.59	N/A	N/A	1,017,470	983,350	3,672,740	4,020,650
2022-01-27	$39.04	$40.00	48.5%	14.4%	100.6%	96.8%	51.1%	5.4%	-1.3%	-7.7M	4.12B	-36.9M	0.77	13.56	N/A	N/A	2,199,050	1,690,860	3,878,850	4,209,120
2022-01-28	$38.06	$40.00	43.1%	12.9%	100.1%	77.6%	46.8%	5.8%	-1.0%	-87.1M	5.14B	-36.5M	1.07	14.05	N/A	N/A	1,094,770	1,166,330	4,097,550	4,576,880
2022-01-31	$42.52	$40.00	43.0%	13.0%	111.0%	77.4%	47.8%	2.9%	-3.0%	2.4M	1.01B	-41.3M	0.60	9.47	N/A	N/A	2,097,640	1,267,200	3,617,190	4,340,380