NFLX Options History — December 2022

In December 2022, NFLX traded between $27.64 and $32.06. ATM implied volatility averaged 53.3%, placing in the 41.2% IV rank vs the trailing year. The 30-day expected move averaged 17.5%. IV traded below realized volatility by 1.5% (HV 20d: 54.8%). Max pain ranged from $28.00 to $30.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 1.21.

Notable Days

2022-12-09: Highest Volume — 6,256,860 contracts
2022-12-15: Largest IV spike — 17.3% change
2022-12-28: Highest IV Rank — 64.8%
2022-12-30: Largest Expected Move — 20.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.19	$27.64	$32.06	$31.85	$29.35
Max Pain	$29.10	$28.00	$30.00	$28.00	$29.00
ATM IV	53.3%	41.7%	68.0%	44.0%	66.8%
Expected Move	17.5%	13.1%	20.8%	13.9%	20.8%
HV 20d	54.8%	46.2%	58.9%	58.9%	49.6%
HV 60d	61.2%	59.0%	63.3%	63.0%	60.7%
IV Rank	41.2%	20.2%	64.8%	28.0%	62.3%
IV Percentile	50.0%	9.1%	82.9%	21.4%	81.7%
Term Structure	2.7%	-2.8%	17.0%	-0.5%	-2.7%
VWIV	60.7%	46.5%	72.8%	49.5%	72.8%
Skew 25d	5.2%	3.5%	8.1%	3.5%	6.9%
Skew 10d	10.1%	6.5%	14.7%	6.5%	12.8%
Call IV 25d	51.1%	40.5%	64.8%	43.1%	64.8%
Put IV 25d	56.3%	44.2%	72.1%	46.6%	71.7%
Bid-Ask Spread %	2.55	1.77	3.82	2.03	1.88
Gamma HHI	0.07	0.03	0.33	0.05	0.09
Net GEX	45.3M	-74.5M	226.8M	135.2M	12.1M
Net DEX	-2.96B	-6.91B	721.5M	-6.80B	-1.98B
Net VEX	-43.7M	-46.1M	-39.6M	-45.7M	-41.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.21	0.68	2.74	0.76	1.04
Total Volume	3,107,618.571	1,604,920	6,256,860	5,275,830	3,451,230
Total OI	13,158,898.571	11,755,200	14,787,440	13,354,010	12,969,710

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
2022-12-01	$31.85	$28.00	44.0%	13.9%	58.9%	28.0%	49.5%	3.5%	-0.5%	135.2M	-6.80B	-45.7M	0.76	2.03	N/A	N/A	2,999,130	2,276,700	6,421,810	6,932,200
2022-12-02	$31.96	$28.00	42.0%	13.1%	58.5%	24.6%	46.5%	3.5%	-0.1%	226.8M	-6.91B	-46.1M	0.68	2.32	N/A	N/A	3,070,310	2,084,000	6,758,940	7,381,220
2022-12-05	$31.15	$29.00	43.6%	16.1%	57.2%	27.4%	56.3%	4.4%	1.2%	50.9M	-4.57B	-45.6M	0.75	3.50	N/A	N/A	1,516,840	1,139,170	6,220,220	6,751,660
2022-12-06	$30.54	$29.00	44.6%	16.3%	57.9%	29.0%	57.5%	4.3%	0.8%	19.2M	-3.51B	-45.7M	1.19	3.82	N/A	N/A	868,950	1,033,060	6,512,160	6,983,280
2022-12-07	$30.80	$29.00	45.3%	16.5%	57.7%	30.4%	56.2%	4.3%	0.6%	40.3M	-3.97B	-45.8M	1.73	2.28	N/A	N/A	908,160	1,572,550	6,619,490	7,074,590
2022-12-08	$31.01	$29.00	45.2%	16.6%	55.2%	30.2%	54.9%	4.3%	0.7%	50.6M	-4.29B	-45.9M	1.14	3.07	N/A	N/A	1,037,690	1,178,450	6,720,120	7,205,420
2022-12-09	$32.06	$29.00	45.0%	16.7%	50.8%	29.7%	58.4%	4.2%	1.3%	217.5M	-6.39B	-46.0M	0.73	3.67	N/A	N/A	3,623,440	2,633,420	6,801,620	7,314,980
2022-12-12	$31.41	$29.00	46.6%	17.1%	48.6%	32.6%	60.1%	5.2%	12.8%	48.6M	-4.47B	-45.4M	0.99	2.61	N/A	N/A	927,760	916,600	6,335,890	6,922,500
2022-12-13	$32.01	$29.50	43.8%	16.7%	47.0%	24.8%	59.3%	4.8%	14.0%	93.1M	-5.47B	-45.2M	1.10	2.42	N/A	N/A	1,448,900	1,597,550	6,543,260	7,088,030
2022-12-14	$31.87	$30.00	41.7%	16.3%	46.2%	20.2%	55.8%	4.3%	15.0%	61.5M	-4.98B	-44.8M	1.25	3.22	N/A	N/A	1,038,010	1,293,600	6,718,350	7,307,650
2022-12-15	$28.98	$30.00	48.9%	17.7%	57.3%	33.4%	62.1%	5.2%	15.7%	-74.5M	-309.7M	-42.6M	1.14	2.78	N/A	N/A	2,522,370	2,867,760	6,801,100	7,385,420
2022-12-16	$29.22	$29.00	51.3%	17.8%	56.2%	34.5%	60.9%	4.7%	17.0%	5.0M	-1.12B	-43.4M	1.50	2.30	N/A	N/A	1,564,020	2,352,920	7,246,910	7,540,530
2022-12-19	$28.72	$29.00	59.0%	18.0%	56.0%	48.8%	62.4%	6.0%	-2.4%	-37.3M	-345.4M	-42.0M	1.12	1.91	N/A	N/A	755,920	849,000	5,695,750	6,059,450
2022-12-20	$28.77	$29.00	61.6%	18.2%	55.7%	52.9%	64.2%	5.5%	-2.8%	-21.8M	-574.9M	-41.9M	1.22	2.52	N/A	N/A	789,010	962,380	5,893,330	6,114,690
2022-12-21	$29.84	$29.00	62.5%	17.9%	57.1%	54.6%	57.0%	5.2%	-2.8%	53.6M	-2.17B	-42.9M	1.74	1.92	N/A	N/A	1,024,920	1,783,820	6,028,960	6,222,310
2022-12-22	$29.67	$29.50	64.5%	18.6%	56.9%	58.7%	64.5%	6.0%	-2.5%	30.9M	-1.77B	-43.2M	1.38	2.95	N/A	N/A	1,113,770	1,534,020	6,125,250	6,356,370
2022-12-23	$29.46	$29.50	62.9%	18.3%	56.4%	55.5%	65.9%	5.4%	-2.8%	62.8M	-1.38B	-42.4M	0.97	2.48	N/A	N/A	1,024,130	997,990	6,240,820	6,469,700
2022-12-27	$28.52	$29.50	65.8%	19.7%	57.4%	60.3%	69.2%	7.7%	-2.0%	-31.1M	-237.1M	-40.6M	1.24	1.94	N/A	N/A	733,320	911,450	5,757,370	6,045,560
2022-12-28	$27.64	$29.00	68.0%	20.4%	58.5%	64.8%	67.8%	8.1%	-2.1%	-55.9M	721.5M	-39.6M	2.74	1.77	N/A	N/A	937,070	2,570,420	5,943,740	6,233,210
2022-12-29	$29.20	$29.00	66.6%	20.4%	51.4%	61.9%	72.4%	6.7%	-2.2%	63.0M	-1.74B	-41.6M	1.06	2.14	N/A	N/A	1,627,350	1,722,830	6,180,530	6,412,770
2022-12-30	$29.35	$29.00	66.8%	20.8%	49.6%	62.3%	72.8%	6.9%	-2.7%	12.1M	-1.98B	-41.8M	1.04	1.88	N/A	N/A	1,693,140	1,758,090	6,326,830	6,642,880