NFLX Options History — February 2023

In February 2023, NFLX traded between $31.51 and $36.76. ATM implied volatility averaged 39.2%, placing in the 5.6% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 5.1% (HV 20d: 34.1%). Max pain ranged from $32.00 to $33.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.99.

Notable Days

  • 2023-02-23: Highest Volume — 4,293,990 contracts
  • 2023-02-21: Largest IV spike — 10.1% change
  • 2023-02-24: Highest IV Rank — 11.3%
  • 2023-02-24: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.93$31.51$36.76$36.47$32.24
Max Pain$32.39$32.00$33.00$32.50$32.00
ATM IV39.2%36.4%41.9%36.4%40.3%
Expected Move11.3%10.7%11.9%10.8%11.5%
HV 20d34.1%28.7%38.8%35.9%32.2%
HV 60d45.2%40.8%49.1%49.1%40.8%
IV Rank5.6%0.0%11.3%0.0%7.9%
IV Percentile4.7%0.0%9.9%0.0%7.1%
Term Structure0.1%-0.9%0.8%0.2%-0.1%
VWIV40.0%37.8%42.4%38.8%40.0%
Skew 25d4.0%2.5%5.4%3.6%4.8%
Skew 10d8.0%5.2%10.6%7.7%9.5%
Call IV 25d37.6%35.2%39.7%35.2%37.8%
Put IV 25d41.6%38.8%44.9%38.8%42.6%
Bid-Ask Spread %3.201.397.752.323.81
Gamma HHI0.060.030.250.040.03
Net GEX13.7M-182.0M153.9M99.6M-35.4M
Net DEX-3.75B-6.20B560.0M-5.86B-1.08B
Net VEX-40.6M-42.7M-37.2M-41.5M-37.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.491.350.741.07
Total Volume1,980,337.895990,4704,293,9902,025,520990,470
Total OI10,245,016.8428,952,74011,091,54010,360,3909,398,870

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$36.47$32.5036.4%10.8%35.9%0.0%38.8%3.6%0.2%99.6M-5.86B-41.5M0.742.32N/AN/A1,163,860861,6604,726,3205,634,070
2023-02-02$36.43$32.0036.7%10.7%34.2%0.5%38.2%2.9%0.2%137.8M-6.02B-41.8M0.562.21N/AN/A1,488,230835,8204,936,3805,776,460
2023-02-03$36.57$32.0036.8%10.7%34.2%0.8%38.3%2.8%0.1%153.9M-6.20B-41.9M0.622.15N/AN/A2,590,1101,611,8905,062,6805,875,650
2023-02-06$36.16$32.0038.0%11.0%34.7%3.2%39.2%3.1%0.2%43.0M-5.14B-42.0M0.921.39N/AN/A704,870647,4704,647,7705,481,370
2023-02-07$36.23$32.0037.0%10.8%34.7%1.3%38.5%3.0%0.6%53.6M-5.20B-42.0M0.901.61N/AN/A928,050836,1904,806,1005,637,110
2023-02-08$36.76$32.0038.9%11.2%33.6%5.2%39.7%2.5%0.3%129.1M-6.13B-42.6M0.492.09N/AN/A1,181,010580,9004,958,4205,734,390
2023-02-09$36.34$32.0039.7%11.5%34.1%6.8%40.7%2.8%0.2%88.3M-5.45B-42.7M0.582.04N/AN/A1,397,520806,1705,130,0305,827,250
2023-02-10$34.88$32.5040.8%11.7%37.8%9.1%42.1%4.3%0.2%-133.1M-2.88B-42.2M1.201.72N/AN/A1,198,9001,434,7805,169,2005,922,340
2023-02-13$35.87$32.5041.0%11.8%38.8%9.4%42.4%4.1%0.1%43.7M-4.83B-42.2M1.102.06N/AN/A734,860807,7304,674,3305,537,940
2023-02-14$35.99$32.5038.8%11.1%37.9%4.9%40.4%4.0%0.4%61.2M-5.08B-41.6M0.951.64N/AN/A658,020623,9404,782,0505,686,100
2023-02-15$36.13$32.5037.3%10.7%37.8%1.8%37.8%3.4%0.6%102.5M-5.40B-41.4M1.112.25N/AN/A607,270672,3504,940,3505,761,180
2023-02-16$35.22$32.5038.5%11.0%38.5%4.2%38.8%4.1%0.6%-8.4M-4.01B-40.8M1.022.22N/AN/A716,430734,2004,986,9205,851,890
2023-02-17$34.75$33.0037.6%10.7%32.6%2.5%38.5%4.1%0.8%-47.3M-3.31B-40.3M1.327.04N/AN/A956,9401,259,3405,066,7505,865,250
2023-02-21$33.82$33.0041.4%11.9%29.6%10.3%41.6%4.7%-0.6%-44.0M-1.87B-39.3M1.254.07N/AN/A521,540650,6104,105,5104,847,230
2023-02-22$33.43$33.0041.2%11.7%28.7%9.9%40.9%5.2%-0.4%-58.9M-1.50B-39.0M1.356.36N/AN/A575,510776,9204,236,7304,967,250
2023-02-23$32.61$33.0040.8%11.5%28.9%8.9%40.8%5.4%-0.3%-118.4M-551.7M-37.9M1.347.75N/AN/A1,831,4502,462,5404,324,7805,076,480
2023-02-24$31.51$32.5041.9%11.9%30.6%11.3%42.2%5.3%-0.6%-182.0M560.0M-37.2M1.256.58N/AN/A1,008,2101,259,2504,690,4805,362,730
2023-02-27$32.27$32.0040.7%11.7%32.6%8.8%40.8%5.0%-0.9%-25.0M-1.19B-37.4M1.101.52N/AN/A718,150793,2604,275,2404,891,720
2023-02-28$32.24$32.0040.3%11.5%32.2%7.9%40.0%4.8%-0.1%-35.4M-1.08B-37.4M1.073.81N/AN/A477,420513,0504,398,7005,000,170