NFLX Options History — April 2022

In April 2022, NFLX traded between $18.89 and $39.19. ATM implied volatility averaged 56.7%, placing in the 96.7% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded below realized volatility by 37.0% (HV 20d: 93.7%). Max pain ranged from $23.50 to $38.50. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.93.

Notable Days

2022-04-20: Highest Volume — 14,308,500 contracts
2022-04-28: Largest IV drop — 8.7% change
2022-04-06: Highest IV Rank — 100.0%
2022-04-27: Largest Expected Move — 18.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$29.74	$18.89	$39.19	$36.89	$19.20
Max Pain	$33.55	$23.50	$38.50	$38.00	$23.50
ATM IV	56.7%	51.9%	60.4%	51.9%	59.1%
Expected Move	15.8%	13.5%	18.0%	13.6%	17.2%
HV 20d	93.7%	41.1%	164.4%	48.4%	164.1%
HV 60d	87.5%	55.7%	107.9%	76.1%	102.7%
IV Rank	96.7%	86.7%	100.0%	96.1%	96.6%
IV Percentile	99.0%	94.4%	100.0%	99.2%	98.4%
Term Structure	-2.2%	-3.9%	-1.0%	-2.5%	-1.5%
VWIV	56.2%	46.9%	62.9%	48.5%	59.5%
Skew 25d	6.9%	4.7%	8.8%	4.7%	7.8%
Skew 10d	13.8%	8.0%	17.9%	8.0%	16.3%
Call IV 25d	54.3%	49.4%	57.6%	51.5%	56.4%
Put IV 25d	61.2%	54.2%	66.1%	56.1%	64.2%
Bid-Ask Spread %	13.95	2.50	25.98	22.26	3.91
Gamma HHI	0.05	0.04	0.08	0.06	0.07
Net GEX	-59.6M	-111.1M	19.1M	-111.1M	-41.9M
Net DEX	4.92B	1.21B	8.07B	3.39B	5.68B
Net VEX	-30.5M	-39.7M	-15.8M	-38.0M	-22.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.93	0.52	1.19	0.98	0.72
Total Volume	2,847,234	644,590	14,308,500	1,034,690	2,990,740
Total OI	9,238,516.5	6,594,770	13,547,590	7,547,390	13,081,250

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
2022-04-01	$36.89	$38.00	51.9%	13.6%	48.4%	96.1%	48.5%	4.7%	-2.5%	-111.1M	3.39B	-38.0M	0.98	22.26	N/A	N/A	523,430	511,260	3,467,660	4,079,730
2022-04-04	$39.19	$38.00	52.1%	13.5%	51.8%	96.8%	46.9%	4.8%	-2.9%	19.1M	1.21B	-39.7M	0.52	17.47	N/A	N/A	817,160	425,150	3,301,140	3,970,100
2022-04-05	$37.85	$38.00	52.9%	13.9%	52.1%	99.3%	48.7%	5.0%	-2.1%	-34.5M	2.40B	-38.6M	0.70	16.79	N/A	N/A	560,440	392,130	3,402,250	4,029,750
2022-04-06	$36.92	$38.50	54.9%	14.5%	50.2%	100.0%	51.1%	5.9%	-2.2%	-85.6M	3.35B	-38.3M	0.99	22.88	N/A	N/A	591,300	586,740	3,496,810	4,106,080
2022-04-07	$36.41	$37.00	55.4%	14.7%	50.4%	100.0%	52.9%	6.0%	-2.4%	-101.4M	3.69B	-37.9M	1.08	20.46	N/A	N/A	496,590	537,550	3,556,780	4,107,630
2022-04-08	$35.66	$37.00	55.7%	14.9%	47.7%	100.0%	51.6%	5.1%	-2.4%	-63.8M	4.45B	-36.6M	1.00	23.75	N/A	N/A	396,890	395,680	3,634,510	4,159,230
2022-04-11	$34.92	$37.00	57.5%	15.6%	47.0%	100.0%	54.0%	7.6%	-2.3%	-79.0M	4.70B	-35.2M	0.85	25.98	N/A	N/A	347,510	297,080	3,398,300	3,973,630
2022-04-12	$34.46	$37.00	57.9%	15.9%	45.5%	100.0%	60.7%	8.0%	-1.9%	-86.9M	5.04B	-34.7M	1.06	21.26	N/A	N/A	371,430	393,070	3,486,930	4,032,170
2022-04-13	$35.09	$36.50	55.9%	15.3%	44.3%	94.7%	53.9%	7.3%	-2.6%	-81.2M	4.68B	-35.3M	0.95	19.59	N/A	N/A	374,740	356,600	3,549,220	4,124,430
2022-04-14	$34.17	$36.50	56.2%	15.5%	41.8%	95.4%	54.5%	8.3%	-2.6%	-95.0M	5.34B	-34.0M	0.96	25.34	N/A	N/A	484,700	465,800	3,623,900	4,187,010
2022-04-18	$33.61	$36.50	59.4%	16.7%	41.1%	100.0%	58.8%	8.8%	-2.5%	-61.1M	4.51B	-33.3M	1.07	18.55	N/A	N/A	604,390	647,080	2,894,610	3,700,160
2022-04-19	$34.99	$36.50	60.4%	17.2%	43.8%	100.0%	62.3%	6.6%	-3.9%	-47.2M	3.69B	-36.6M	1.07	16.78	N/A	N/A	1,403,780	1,498,370	3,156,400	3,998,010
2022-04-20	$22.25	$36.50	59.6%	17.1%	164.3%	97.8%	61.3%	7.1%	-2.0%	-64.0M	8.07B	-15.8M	0.97	5.05	N/A	N/A	7,277,430	7,031,070	3,700,660	4,693,110
2022-04-21	$21.96	$31.00	58.4%	16.8%	164.4%	94.9%	60.8%	6.5%	-1.2%	-52.3M	7.18B	-23.0M	1.19	2.50	N/A	N/A	3,479,200	4,141,820	6,592,820	5,905,970
2022-04-22	$21.64	$30.00	57.3%	16.5%	164.2%	92.1%	58.9%	6.4%	-1.4%	-56.8M	6.80B	-23.8M	1.04	2.79	N/A	N/A	2,915,800	3,033,680	7,204,840	6,342,750
2022-04-25	$20.90	$28.50	55.3%	16.0%	164.0%	87.0%	57.6%	7.3%	-2.4%	-37.8M	6.08B	-22.1M	1.01	3.61	N/A	N/A	1,818,550	1,838,440	5,648,840	5,354,040
2022-04-26	$19.97	$26.00	58.9%	17.1%	163.3%	96.0%	60.6%	7.8%	-2.7%	-41.6M	6.19B	-22.2M	1.02	2.95	N/A	N/A	1,268,160	1,288,100	6,280,050	5,621,280
2022-04-27	$18.89	$25.00	60.4%	18.0%	161.3%	100.0%	62.9%	8.5%	-2.3%	-52.2M	6.46B	-20.4M	0.86	2.85	N/A	N/A	1,639,350	1,414,490	6,618,330	5,718,790
2022-04-28	$19.89	$24.00	55.2%	16.5%	164.3%	86.7%	58.6%	7.9%	-1.0%	-18.0M	5.42B	-22.9M	0.64	4.35	N/A	N/A	2,033,480	1,295,500	6,897,650	5,673,510
2022-04-29	$19.20	$23.50	59.1%	17.2%	164.1%	96.6%	59.5%	7.8%	-1.5%	-41.9M	5.68B	-22.1M	0.72	3.91	N/A	N/A	1,741,910	1,248,830	7,279,530	5,801,720