NFLX Options History — September 2022

In September 2022, NFLX traded between $21.79 and $24.60. ATM implied volatility averaged 62.1%, placing in the 62.2% IV rank vs the trailing year. The 30-day expected move averaged 19.9%. IV traded above realized volatility by 11.9% (HV 20d: 50.2%). Max pain ranged from $22.50 to $23.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.14.

Notable Days

2022-09-29: Highest Volume — 4,693,110 contracts
2022-09-19: Largest IV spike — 11.9% change
2022-09-29: Highest IV Rank — 88.3%
2022-09-29: Largest Expected Move — 24.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.22	$21.79	$24.60	$22.82	$23.66
Max Pain	$22.93	$22.50	$23.00	$22.50	$23.00
ATM IV	62.1%	46.0%	78.1%	51.6%	76.9%
Expected Move	19.9%	14.8%	24.1%	15.1%	23.9%
HV 20d	50.2%	40.2%	62.0%	44.8%	62.0%
HV 60d	51.7%	48.4%	54.7%	54.7%	54.2%
IV Rank	62.2%	35.4%	88.3%	45.9%	86.4%
IV Percentile	80.5%	51.6%	96.4%	71.4%	94.4%
Term Structure	2.2%	-3.9%	16.2%	-0.5%	-3.9%
VWIV	69.8%	51.2%	84.0%	53.4%	83.7%
Skew 25d	8.1%	6.0%	10.4%	6.8%	9.6%
Skew 10d	15.1%	11.6%	19.5%	12.9%	17.6%
Call IV 25d	58.3%	43.5%	74.0%	49.2%	73.3%
Put IV 25d	66.4%	49.6%	83.6%	56.0%	82.9%
Bid-Ask Spread %	2.90	1.55	5.99	1.65	2.14
Gamma HHI	0.05	0.03	0.22	0.03	0.04
Net GEX	7.3M	-55.0M	96.5M	3.2M	-29.8M
Net DEX	646.7M	-925.7M	2.29B	1.06B	540.1M
Net VEX	-32.8M	-37.2M	-28.3M	-31.5M	-36.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.14	0.56	2.02	0.99	1.08
Total Volume	2,594,184.286	974,690	4,693,110	1,519,810	3,820,570
Total OI	11,091,576.667	9,728,990	12,402,690	10,885,170	12,402,690

Daily Data (21 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
2022-09-01	$22.82	$22.50	51.6%	15.1%	44.8%	45.9%	53.4%	6.8%	-0.5%	3.2M	1.06B	-31.5M	0.99	1.65	N/A	N/A	763,830	755,980	5,489,020	5,396,150
2022-09-02	$22.54	$22.50	51.9%	14.8%	44.7%	46.5%	51.2%	6.9%	-0.2%	-5.8M	1.33B	-31.1M	1.05	1.55	N/A	N/A	968,090	1,016,080	5,629,280	5,448,650
2022-09-06	$21.97	$23.00	54.0%	19.0%	43.7%	49.8%	68.7%	8.0%	-0.0%	-18.4M	1.87B	-29.5M	1.57	2.91	N/A	N/A	737,430	1,158,450	5,328,460	5,194,460
2022-09-07	$22.86	$23.00	50.4%	18.4%	45.8%	42.7%	64.8%	7.3%	0.1%	11.7M	942.1M	-30.8M	1.79	5.33	N/A	N/A	834,240	1,495,520	5,471,660	5,418,930
2022-09-08	$22.65	$23.00	49.8%	18.2%	40.2%	41.6%	66.3%	7.1%	0.0%	2.5M	1.24B	-29.9M	2.02	3.23	N/A	N/A	552,490	1,118,260	5,628,540	5,545,840
2022-09-09	$23.41	$23.00	46.0%	17.5%	42.3%	35.4%	61.9%	6.0%	0.4%	54.9M	271.3M	-31.1M	0.88	2.87	N/A	N/A	932,580	816,280	5,713,430	5,662,680
2022-09-12	$23.64	$23.00	47.0%	17.8%	41.3%	37.0%	63.2%	6.9%	15.2%	22.9M	252.3M	-31.3M	0.85	3.85	N/A	N/A	527,500	447,190	5,447,520	5,415,020
2022-09-13	$21.79	$23.00	51.2%	18.9%	49.8%	44.0%	65.4%	8.1%	14.7%	-38.5M	2.29B	-28.3M	1.36	2.91	N/A	N/A	812,500	1,109,080	5,528,350	5,514,190
2022-09-14	$22.43	$23.00	51.0%	19.0%	51.3%	43.7%	66.1%	7.1%	15.2%	-19.1M	1.47B	-29.7M	1.38	4.14	N/A	N/A	939,260	1,292,980	5,647,180	5,655,780
2022-09-15	$23.57	$22.50	55.6%	19.6%	54.2%	51.2%	68.1%	6.9%	15.9%	46.5M	-250.8M	-32.2M	0.80	5.99	N/A	N/A	2,456,110	1,965,710	5,808,060	5,730,780
2022-09-16	$24.04	$23.00	60.4%	20.3%	54.2%	59.0%	70.7%	6.5%	16.2%	96.5M	-925.7M	-33.8M	0.80	2.52	N/A	N/A	2,468,030	1,964,350	6,156,320	6,074,080
2022-09-19	$24.22	$23.00	67.6%	20.4%	53.7%	70.9%	71.0%	8.3%	-2.8%	26.9M	-264.6M	-34.2M	0.66	2.92	N/A	N/A	1,429,600	936,620	4,807,360	4,921,630
2022-09-20	$24.42	$23.00	69.6%	20.5%	48.3%	74.3%	71.6%	8.2%	-2.9%	33.9M	-510.2M	-34.5M	0.56	2.01	N/A	N/A	1,906,990	1,068,470	5,042,780	5,173,710
2022-09-21	$23.72	$23.00	72.1%	20.7%	49.7%	78.5%	72.5%	9.1%	-1.3%	7.6M	273.9M	-34.4M	1.36	3.95	N/A	N/A	931,230	1,266,340	5,306,420	5,391,840
2022-09-22	$24.01	$23.00	71.0%	20.5%	49.2%	76.6%	70.9%	7.8%	-2.8%	16.7M	5.9M	-35.5M	0.81	2.37	N/A	N/A	1,190,810	963,670	5,499,290	5,580,070
2022-09-23	$22.62	$23.00	73.9%	21.5%	53.6%	81.4%	73.9%	9.3%	-3.5%	-55.0M	1.64B	-33.4M	0.98	2.69	N/A	N/A	1,681,730	1,641,770	5,644,540	5,720,580
2022-09-26	$22.46	$23.00	75.7%	22.7%	51.6%	84.5%	78.3%	10.1%	-3.2%	-18.9M	1.44B	-33.1M	1.44	1.91	N/A	N/A	745,520	1,073,870	5,164,210	5,372,590
2022-09-27	$22.31	$23.00	75.9%	23.1%	51.5%	84.7%	78.3%	10.4%	-3.2%	-29.2M	1.67B	-32.9M	1.20	2.39	N/A	N/A	782,100	941,750	5,306,350	5,591,860
2022-09-28	$24.60	$23.00	75.0%	23.0%	61.3%	83.3%	80.8%	9.6%	-3.5%	39.8M	-804.7M	-36.9M	1.45	1.61	N/A	N/A	1,746,100	2,525,680	5,409,320	5,728,720
2022-09-29	$23.98	$23.00	78.1%	24.1%	61.8%	88.3%	84.0%	9.5%	-3.3%	5.0M	43.1M	-37.2M	0.90	1.86	N/A	N/A	2,465,030	2,228,080	5,671,540	6,283,230
2022-09-30	$23.66	$23.00	76.9%	23.9%	62.0%	86.4%	83.7%	9.6%	-3.9%	-29.8M	540.1M	-36.7M	1.08	2.14	N/A	N/A	1,837,360	1,983,210	5,925,800	6,476,890