NFLX Options History — January 2023

In January 2023, NFLX traded between $29.56 and $36.71. ATM implied volatility averaged 53.2%, placing in the 33.0% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 9.4% (HV 20d: 43.7%). Max pain ranged from $29.00 to $32.25. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 1.18.

Notable Days

  • 2023-01-20: Highest Volume — 8,769,840 contracts
  • 2023-01-20: Largest IV drop — 32.1% change
  • 2023-01-03: Highest IV Rank — 62.8%
  • 2023-01-04: Largest Expected Move — 22.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.47$29.56$36.71$29.56$35.25
Max Pain$31.30$29.00$32.25$29.00$32.25
ATM IV53.2%36.9%67.1%67.1%38.5%
Expected Move15.3%10.9%22.3%22.2%11.5%
HV 20d43.7%34.3%51.4%49.7%34.8%
HV 60d53.2%48.3%60.7%60.7%48.9%
IV Rank33.0%0.0%62.8%62.8%3.2%
IV Percentile45.1%0.0%81.7%81.7%1.2%
Term Structure-2.1%-3.8%0.1%-3.0%-0.0%
VWIV54.5%39.3%78.8%76.7%40.9%
Skew 25d5.3%3.9%6.8%6.8%4.2%
Skew 10d10.8%8.0%13.7%13.1%8.4%
Call IV 25d50.8%35.3%63.8%63.4%36.6%
Put IV 25d56.1%39.2%70.4%70.2%40.8%
Bid-Ask Spread %2.301.713.661.711.75
Gamma HHI0.070.030.280.040.03
Net GEX82.1M22.3M201.3M24.6M22.7M
Net DEX-5.00B-7.27B-1.88B-1.88B-4.15B
Net VEX-40.8M-42.0M-37.8M-41.0M-41.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.921.851.211.27
Total Volume3,025,1071,049,6408,769,8401,843,3801,049,640
Total OI12,034,1139,404,73014,632,08011,963,52010,200,410

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$29.56$29.0067.1%22.2%49.7%62.8%76.7%6.8%-3.0%24.6M-1.88B-41.0M1.211.71N/AN/A833,4701,009,9105,788,0106,175,510
2023-01-04$30.79$29.0066.1%22.3%51.4%60.7%78.8%6.4%-3.4%76.8M-3.63B-41.7M1.192.29N/AN/A1,792,7802,136,8705,927,7306,378,780
2023-01-05$30.99$30.5066.4%17.5%51.0%60.5%62.9%6.6%-3.6%50.8M-3.76B-41.9M1.263.14N/AN/A1,515,4501,908,9506,069,4706,708,000
2023-01-06$31.54$30.5064.3%17.0%51.3%56.2%61.2%6.2%-3.6%201.3M-4.68B-41.6M1.082.67N/AN/A1,767,9501,917,1106,155,1306,879,700
2023-01-09$31.61$30.5064.3%17.3%51.2%56.2%61.2%6.7%-3.1%39.9M-3.98B-40.8M1.092.74N/AN/A810,240881,2805,685,3306,304,970
2023-01-10$32.63$30.5064.0%17.3%51.1%55.6%62.1%6.3%-2.8%66.6M-5.24B-41.1M1.112.14N/AN/A1,316,4001,459,1805,866,6306,507,910
2023-01-11$32.62$30.5064.8%17.6%50.5%57.2%62.0%6.5%-3.6%63.7M-5.18B-41.6M1.772.48N/AN/A968,8201,715,1806,105,8206,812,610
2023-01-12$32.91$31.0061.9%16.9%50.1%51.0%59.8%5.9%-3.3%75.9M-5.54B-40.7M1.021.98N/AN/A1,503,1801,531,4306,115,5206,892,740
2023-01-13$33.30$32.0057.1%15.7%50.2%41.0%56.0%4.3%-3.4%124.1M-6.44B-40.3M0.921.92N/AN/A1,774,7501,629,5906,344,4307,118,180
2023-01-17$32.70$32.0056.7%16.1%35.9%40.1%55.4%5.2%-3.2%37.0M-4.86B-38.6M1.193.47N/AN/A826,210984,9905,736,8506,401,990
2023-01-18$32.59$32.0060.5%17.3%36.0%48.1%61.2%5.6%-3.8%38.5M-4.69B-39.7M1.852.14N/AN/A839,6201,554,3406,026,1706,710,610
2023-01-19$32.00$32.0059.6%17.3%36.1%46.2%61.9%6.4%-3.8%22.3M-3.77B-39.0M1.183.66N/AN/A1,879,8602,212,7706,225,2406,952,870
2023-01-20$34.03$32.0040.5%11.7%41.2%5.9%42.3%4.3%-1.2%178.2M-7.27B-37.8M1.012.10N/AN/A4,370,2504,399,5906,969,6307,662,450
2023-01-23$35.60$32.0040.1%11.8%42.1%5.2%43.1%4.2%-0.2%92.7M-5.47B-39.7M1.162.14N/AN/A1,852,8102,154,8104,281,5805,123,150
2023-01-24$36.25$32.0039.4%11.7%41.8%3.6%42.0%4.5%-0.2%108.3M-6.06B-40.8M0.992.08N/AN/A1,501,2701,485,1104,638,0005,726,160
2023-01-25$36.71$32.0039.0%11.6%41.3%2.7%41.8%4.0%-0.1%156.4M-6.76B-41.7M1.061.89N/AN/A1,285,6401,359,3104,953,3906,061,360
2023-01-26$36.49$32.0037.4%11.1%38.6%0.0%39.3%4.6%0.1%160.7M-6.41B-42.0M1.101.75N/AN/A1,170,1601,290,2205,169,0906,240,350
2023-01-27$36.22$32.0036.9%10.9%35.9%0.0%39.8%3.9%-0.2%62.3M-5.80B-42.0M0.922.07N/AN/A1,258,3701,156,0405,289,2306,447,600
2023-01-30$35.49$32.2538.6%11.6%34.3%3.4%41.4%4.3%-0.1%38.3M-4.50B-41.7M1.321.88N/AN/A603,720794,8704,588,5205,441,140
2023-01-31$35.25$32.2538.5%11.5%34.8%3.2%40.9%4.2%-0.0%22.7M-4.15B-41.6M1.271.75N/AN/A462,640587,0004,665,6405,534,770