NFLX Options History — February 2022

In February 2022, NFLX traded between $36.80 and $45.68. ATM implied volatility averaged 43.2%, placing in the 78.1% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded below realized volatility by 59.4% (HV 20d: 102.6%). Max pain ranged from $40.00 to $44.00. Net GEX was positive for 1 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.82.

Notable Days

2022-02-01: Highest Volume — 3,509,370 contracts
2022-02-03: Largest IV spike — 13.1% change
2022-02-03: Highest IV Rank — 94.6%
2022-02-23: Largest Expected Move — 13.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.05	$36.80	$45.68	$45.68	$39.25
Max Pain	$42.00	$40.00	$44.00	$40.00	$41.00
ATM IV	43.2%	37.6%	47.9%	43.1%	44.5%
Expected Move	12.5%	10.8%	13.9%	13.0%	13.3%
HV 20d	102.6%	66.7%	118.3%	115.4%	66.7%
HV 60d	71.2%	69.9%	72.6%	69.9%	72.3%
IV Rank	78.1%	58.6%	94.6%	77.8%	82.5%
IV Percentile	91.0%	73.8%	98.4%	94.8%	93.7%
Term Structure	-0.6%	-2.8%	0.3%	-2.8%	-1.4%
VWIV	43.9%	38.5%	47.6%	47.1%	47.3%
Skew 25d	5.6%	1.9%	8.1%	1.9%	6.6%
Skew 10d	10.4%	3.9%	15.7%	3.9%	13.2%
Call IV 25d	41.2%	36.9%	46.8%	42.6%	42.3%
Put IV 25d	46.8%	40.5%	52.1%	44.5%	48.9%
Bid-Ask Spread %	24.08	5.61	44.07	20.87	9.67
Gamma HHI	0.04	0.03	0.08	0.04	0.03
Net GEX	-41.4M	-101.2M	59.5M	59.5M	-37.6M
Net DEX	3.46B	-2.11B	5.88B	-2.11B	3.93B
Net VEX	-42.7M	-46.1M	-38.5M	-46.1M	-40.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.82	0.61	1.43	0.61	0.81
Total Volume	1,457,014.737	665,580	3,509,370	3,509,370	665,580
Total OI	8,769,159.474	7,340,380	9,633,490	8,655,090	7,340,380

Daily Data (19 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
2022-02-01	$45.68	$40.00	43.1%	13.0%	115.4%	77.8%	47.1%	1.9%	-2.8%	59.5M	-2.11B	-46.1M	0.61	20.87	N/A	N/A	2,181,050	1,328,320	4,027,300	4,627,790
2022-02-02	$42.91	$40.00	42.4%	12.9%	116.7%	75.2%	46.5%	3.9%	-0.3%	-12.8M	952.3M	-46.1M	0.86	5.61	N/A	N/A	1,401,570	1,206,070	4,298,690	4,980,920
2022-02-03	$40.54	$44.00	47.9%	13.4%	117.4%	94.6%	47.4%	4.2%	-1.0%	-76.2M	3.43B	-45.0M	1.43	39.50	N/A	N/A	896,010	1,281,960	4,464,060	5,056,600
2022-02-04	$40.97	$44.00	42.3%	12.0%	117.7%	74.8%	42.4%	2.8%	-0.3%	-73.4M	2.97B	-44.2M	0.98	39.10	N/A	N/A	948,810	932,610	4,539,630	5,093,860
2022-02-07	$40.17	$43.00	43.3%	12.2%	117.6%	78.5%	42.4%	4.8%	-0.5%	-47.1M	3.47B	-43.2M	0.74	41.53	N/A	N/A	932,860	693,540	4,095,980	4,717,500
2022-02-08	$40.49	$43.00	40.3%	11.5%	117.9%	68.0%	41.4%	5.5%	-0.1%	-34.0M	3.28B	-43.5M	0.81	17.13	N/A	N/A	566,830	460,370	4,238,890	4,818,400
2022-02-09	$40.98	$43.00	37.6%	10.8%	118.0%	58.6%	38.5%	3.6%	0.3%	-13.0M	2.71B	-43.3M	0.65	15.89	N/A	N/A	742,040	483,870	4,315,110	4,871,700
2022-02-10	$40.30	$42.50	40.4%	11.4%	118.0%	68.2%	40.3%	4.2%	-0.8%	-39.8M	3.43B	-42.9M	0.72	17.50	N/A	N/A	1,025,330	741,100	4,397,980	4,918,680
2022-02-11	$39.06	$42.50	44.3%	12.7%	118.0%	81.9%	43.6%	5.8%	-0.6%	-101.2M	4.88B	-43.0M	0.90	44.07	N/A	N/A	961,970	865,310	4,507,460	5,017,520
2022-02-14	$39.65	$42.50	44.5%	12.7%	117.9%	82.5%	43.3%	5.8%	-0.0%	-40.5M	3.79B	-43.3M	0.75	23.34	N/A	N/A	736,500	548,890	4,154,940	4,749,010
2022-02-15	$40.54	$42.50	40.4%	11.6%	118.3%	68.3%	40.7%	5.8%	0.1%	-12.6M	2.99B	-43.0M	0.71	38.54	N/A	N/A	554,450	391,140	4,202,300	4,762,610
2022-02-16	$39.71	$42.00	40.6%	11.6%	117.9%	68.8%	40.2%	5.7%	-0.1%	-46.1M	3.91B	-42.4M	0.65	20.14	N/A	N/A	570,330	371,080	4,292,150	4,835,950
2022-02-17	$38.82	$42.00	44.1%	12.7%	118.0%	81.1%	44.4%	7.4%	-0.6%	-77.1M	4.65B	-41.3M	0.79	18.49	N/A	N/A	491,010	387,820	4,355,080	4,863,030
2022-02-18	$39.28	$42.00	44.2%	12.7%	70.9%	81.5%	43.9%	7.4%	-0.4%	-48.3M	4.06B	-42.3M	0.77	33.05	N/A	N/A	881,380	682,860	4,420,060	4,863,320
2022-02-22	$37.88	$41.00	46.9%	13.7%	71.7%	90.8%	47.6%	8.1%	-0.8%	-67.1M	5.22B	-39.9M	0.91	15.48	N/A	N/A	501,710	454,770	3,402,510	4,098,420
2022-02-23	$36.80	$41.00	47.3%	13.9%	71.6%	92.4%	46.7%	7.8%	-0.8%	-82.9M	5.88B	-38.5M	0.91	13.72	N/A	N/A	421,550	384,460	3,505,790	4,200,260
2022-02-24	$38.89	$41.00	45.2%	13.2%	73.3%	85.1%	46.8%	8.1%	-0.5%	-32.0M	4.25B	-41.3M	0.66	24.75	N/A	N/A	595,470	393,710	3,519,610	4,220,180
2022-02-25	$38.97	$41.00	41.9%	12.1%	67.4%	73.7%	43.3%	6.3%	-0.1%	-4.3M	4.15B	-41.1M	0.95	19.07	N/A	N/A	514,230	486,720	3,597,890	4,242,470
2022-02-28	$39.25	$41.00	44.5%	13.3%	66.7%	82.5%	47.3%	6.6%	-1.4%	-37.6M	3.93B	-40.9M	0.81	9.67	N/A	N/A	368,750	296,830	3,303,340	4,037,040