NFLX Options History — July 2022

In July 2022, NFLX traded between $17.40 and $22.66. ATM implied volatility averaged 66.1%, placing in the 73.9% IV rank vs the trailing year. The 30-day expected move averaged 17.8%. IV traded above realized volatility by 8.1% (HV 20d: 58.0%). Max pain ranged from $17.50 to $19.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.16.

Notable Days

2022-07-20: Highest Volume — 8,173,300 contracts
2022-07-20: Largest IV drop — 44.6% change
2022-07-05: Highest IV Rank — 100.0%
2022-07-19: Largest Expected Move — 24.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.87	$17.40	$22.66	$17.97	$22.57
Max Pain	$18.45	$17.50	$19.00	$18.00	$19.00
ATM IV	66.1%	44.5%	85.1%	77.6%	44.5%
Expected Move	17.8%	12.6%	24.1%	15.1%	12.6%
HV 20d	58.0%	51.7%	63.0%	61.8%	55.4%
HV 60d	86.2%	61.6%	110.9%	108.9%	62.4%
IV Rank	73.9%	36.8%	100.0%	96.4%	36.8%
IV Percentile	83.4%	54.4%	100.0%	98.4%	54.4%
Term Structure	-2.6%	-5.1%	0.3%	-4.9%	0.1%
VWIV	63.4%	44.8%	86.6%	53.7%	44.8%
Skew 25d	7.8%	5.1%	12.0%	9.3%	5.1%
Skew 10d	14.9%	9.6%	22.6%	17.5%	10.2%
Call IV 25d	62.8%	42.4%	78.6%	75.1%	42.4%
Put IV 25d	70.5%	47.5%	90.6%	84.3%	47.5%
Bid-Ask Spread %	4.16	1.93	7.87	1.93	2.73
Gamma HHI	0.06	0.03	0.35	0.04	0.04
Net GEX	17.8M	-23.5M	115.8M	-552.8K	24.6M
Net DEX	1.16B	-892.5M	2.71B	2.26B	-157.6M
Net VEX	-24.6M	-29.3M	-19.8M	-21.6M	-28.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.16	0.69	2.03	1.12	0.72
Total Volume	2,541,775	1,090,430	8,173,300	1,234,580	2,524,820
Total OI	10,649,613	9,114,750	13,889,210	9,712,010	11,431,540

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
2022-07-01	$17.97	$18.00	77.6%	15.1%	61.8%	96.4%	53.7%	9.3%	-4.9%	-552.8K	2.26B	-21.6M	1.12	1.93	N/A	N/A	582,490	652,090	5,087,300	4,624,710
2022-07-05	$18.50	$19.00	80.8%	20.7%	62.4%	100.0%	72.2%	9.6%	-4.4%	1.1M	1.91B	-22.2M	0.88	7.66	N/A	N/A	712,560	624,200	4,767,760	4,446,510
2022-07-06	$18.48	$18.50	78.4%	20.3%	62.4%	96.1%	72.2%	9.3%	-4.5%	3.2M	1.92B	-22.2M	1.34	7.00	N/A	N/A	531,690	710,850	4,939,530	4,621,430
2022-07-07	$18.90	$18.50	76.3%	19.8%	62.8%	92.6%	70.0%	9.1%	-4.5%	16.8M	1.62B	-22.8M	0.91	7.87	N/A	N/A	712,420	650,920	5,016,180	4,739,940
2022-07-08	$18.72	$18.50	75.0%	19.6%	62.4%	90.4%	69.4%	8.2%	-4.3%	1.2M	1.75B	-22.4M	0.94	4.68	N/A	N/A	757,590	708,490	5,068,480	4,819,120
2022-07-11	$17.77	$18.50	76.6%	20.4%	63.0%	93.0%	70.7%	8.4%	-4.1%	-15.4M	2.42B	-20.8M	1.32	2.80	N/A	N/A	469,230	621,200	4,854,080	4,614,450
2022-07-12	$17.40	$18.50	76.8%	20.7%	61.0%	93.4%	72.2%	8.9%	-3.8%	-23.5M	2.71B	-19.8M	1.35	6.24	N/A	N/A	495,940	667,630	4,930,010	4,794,790
2022-07-13	$17.73	$18.50	78.5%	21.3%	54.6%	96.3%	74.3%	8.5%	-4.1%	-14.8M	2.43B	-20.9M	1.03	6.66	N/A	N/A	1,014,840	1,041,200	5,013,890	4,941,380
2022-07-14	$17.40	$18.50	79.2%	21.6%	54.7%	97.4%	75.2%	8.3%	-4.4%	-23.2M	2.67B	-20.3M	1.19	5.88	N/A	N/A	864,110	1,029,880	5,193,570	5,072,610
2022-07-15	$18.89	$18.00	77.3%	21.2%	54.7%	94.2%	77.2%	7.5%	-5.1%	-4.4M	1.38B	-23.1M	1.02	5.64	N/A	N/A	1,713,540	1,749,300	5,322,640	5,213,850
2022-07-18	$19.02	$17.50	83.2%	23.3%	51.7%	100.0%	81.7%	11.0%	-4.2%	-2.1M	1.50B	-24.0M	2.03	3.47	N/A	N/A	1,018,050	2,070,640	4,413,750	4,701,000
2022-07-19	$20.04	$18.00	85.1%	24.1%	54.4%	100.0%	86.6%	12.0%	-3.7%	3.1M	1.02B	-26.6M	1.56	3.65	N/A	N/A	2,440,840	3,805,670	4,742,010	5,415,930
2022-07-20	$21.52	$18.00	47.2%	13.5%	57.8%	40.9%	50.3%	5.2%	0.3%	64.7M	-157.6M	-26.6M	1.01	2.85	N/A	N/A	4,068,500	4,104,800	5,739,460	7,031,300
2022-07-21	$22.27	$18.00	46.8%	13.4%	57.3%	40.3%	49.7%	5.2%	-0.1%	90.7M	-892.5M	-28.7M	0.88	2.23	N/A	N/A	1,863,370	1,647,590	6,049,750	7,554,630
2022-07-22	$21.99	$18.50	47.9%	13.7%	57.8%	42.1%	49.8%	5.3%	0.3%	115.8M	-366.7M	-28.6M	0.69	2.21	N/A	N/A	2,243,340	1,557,840	6,171,890	7,717,320
2022-07-25	$21.78	$18.50	49.2%	14.2%	56.4%	44.0%	50.5%	5.9%	-0.3%	21.1M	532.5M	-28.4M	1.08	2.20	N/A	N/A	856,310	923,400	5,082,580	5,560,840
2022-07-26	$21.32	$19.00	49.4%	14.3%	57.2%	44.3%	52.3%	6.6%	-0.1%	4.9M	1.00B	-27.6M	1.25	2.83	N/A	N/A	691,860	863,760	5,200,770	5,732,800
2022-07-27	$22.66	$19.00	47.3%	13.4%	56.7%	41.1%	48.7%	6.2%	-0.1%	48.7M	-303.4M	-29.3M	1.66	2.37	N/A	N/A	782,190	1,298,150	5,265,200	5,814,200
2022-07-28	$22.56	$19.00	45.6%	13.0%	56.4%	38.5%	47.5%	5.9%	-0.2%	44.9M	-122.0M	-28.3M	1.26	2.25	N/A	N/A	781,670	982,530	5,345,800	5,939,260
2022-07-29	$22.57	$19.00	44.5%	12.6%	55.4%	36.8%	44.8%	5.1%	0.1%	24.6M	-157.6M	-28.1M	0.72	2.73	N/A	N/A	1,472,080	1,052,740	5,416,750	6,014,790