NFLX Options History — April 2023

In April 2023, NFLX traded between $32.11 and $34.70. ATM implied volatility averaged 44.2%, placing in the 18.8% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 7.3% (HV 20d: 36.9%). Max pain ranged from $32.00 to $33.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.91.

Notable Days

  • 2023-04-19: Highest Volume — 6,838,860 contracts
  • 2023-04-19: Largest IV drop — 34.4% change
  • 2023-04-12: Highest IV Rank — 33.1%
  • 2023-04-05: Largest Expected Move — 17.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.32$32.11$34.70$34.70$32.74
Max Pain$32.67$32.00$33.00$32.00$32.75
ATM IV44.2%32.1%52.5%52.5%32.1%
Expected Move12.8%9.0%17.5%17.1%9.0%
HV 20d36.9%28.3%42.5%42.5%28.3%
HV 60d36.1%34.3%38.0%36.9%34.3%
IV Rank18.8%0.0%33.1%33.0%0.0%
IV Percentile28.9%0.0%52.8%51.6%0.0%
Term Structure-1.3%-2.7%0.2%-1.9%-0.2%
VWIV45.0%31.7%61.2%60.1%31.7%
Skew 25d4.7%2.9%5.5%5.5%4.3%
Skew 10d9.2%5.4%11.1%11.1%8.3%
Call IV 25d42.0%29.5%49.9%49.5%29.5%
Put IV 25d46.6%33.9%55.3%54.9%33.9%
Bid-Ask Spread %4.381.4817.998.992.90
Gamma HHI0.050.020.190.030.19
Net GEX29.8M-45.2M114.4M78.8M97.2M
Net DEX-2.48B-4.11B-951.0M-4.11B-2.04B
Net VEX-35.3M-37.5M-33.0M-37.4M-34.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.910.681.191.000.84
Total Volume2,041,076.842915,6106,838,8601,180,8301,804,270
Total OI9,107,378.4218,349,67011,155,1508,397,9309,173,060

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$34.70$32.0052.5%17.1%42.5%33.0%60.1%5.5%-1.9%78.8M-4.11B-37.4M1.008.99N/AN/A591,020589,8103,991,8404,406,090
2023-04-04$34.53$32.0052.5%17.2%42.1%33.0%60.7%5.3%-2.0%79.2M-3.90B-37.5M0.9517.99N/AN/A471,110447,0204,107,1804,553,120
2023-04-05$34.17$32.0052.4%17.5%42.5%32.8%61.2%5.5%-1.8%54.7M-3.43B-37.2M0.9510.84N/AN/A730,020692,3504,159,2204,618,440
2023-04-06$33.86$32.0051.5%13.8%38.0%31.1%48.8%5.3%-2.1%13.0M-3.00B-37.1M0.913.08N/AN/A894,790811,4504,218,9104,740,230
2023-04-10$33.87$32.5052.2%14.3%37.0%32.3%50.4%5.4%-1.8%44.0M-3.02B-36.5M0.891.89N/AN/A485,420430,1903,954,6804,394,990
2023-04-11$33.83$32.5051.9%14.2%37.0%31.9%49.2%5.1%-1.9%52.6M-3.04B-36.3M0.683.51N/AN/A686,530467,7804,087,5604,495,110
2023-04-12$33.05$32.5052.5%14.4%38.2%33.1%51.0%5.2%-2.3%15.9M-2.11B-35.8M0.763.14N/AN/A753,420572,2604,202,8404,554,240
2023-04-13$34.62$32.5051.6%14.2%39.4%31.3%49.4%4.9%-2.7%114.4M-4.10B-36.5M0.783.42N/AN/A1,209,400948,5204,287,9004,647,840
2023-04-14$33.89$33.0050.8%14.1%40.1%29.6%50.4%4.5%-2.5%-45.2M-2.80B-36.0M0.762.80N/AN/A1,129,280862,8704,472,5904,879,740
2023-04-17$33.19$33.0051.9%14.6%39.6%31.8%51.2%4.6%-2.0%17.5M-2.24B-35.0M0.832.68N/AN/A920,550761,6303,991,9804,416,320
2023-04-18$33.39$33.0051.4%14.6%39.6%30.8%52.3%4.3%-2.6%34.1M-2.52B-35.6M0.912.99N/AN/A1,708,4801,552,7904,397,0604,703,210
2023-04-19$32.28$33.0033.7%9.7%41.9%0.0%34.9%2.9%0.2%-42.1M-951.0M-33.0M1.192.49N/AN/A3,120,9103,717,9505,104,4905,470,490
2023-04-20$32.51$33.0033.6%9.6%40.1%0.0%33.9%3.6%0.0%19.8M-1.83B-33.6M0.911.79N/AN/A1,961,0501,787,0505,442,3905,564,090
2023-04-21$32.70$33.0033.1%9.5%32.8%0.0%33.4%4.0%0.1%49.2M-2.02B-33.8M0.932.90N/AN/A1,338,5801,246,2005,522,2505,632,900
2023-04-24$32.91$33.0033.1%9.5%30.7%0.0%33.2%3.8%-0.2%26.2M-2.02B-33.8M0.771.48N/AN/A864,520668,3903,970,8704,380,080
2023-04-25$32.20$33.0035.7%10.2%31.6%5.0%35.6%4.8%-0.5%-23.0M-1.14B-33.7M0.913.37N/AN/A650,980595,4004,102,9004,530,010
2023-04-26$32.11$33.0034.4%9.9%31.0%2.6%33.9%4.7%-0.1%-34.0M-1.08B-33.9M1.112.61N/AN/A682,070756,3604,217,5604,641,610
2023-04-27$32.60$33.0033.0%9.3%29.7%0.0%33.4%4.9%-0.1%12.9M-1.79B-34.1M1.194.29N/AN/A853,0501,016,9904,304,2204,702,180
2023-04-28$32.74$32.7532.1%9.0%28.3%0.0%31.7%4.3%-0.2%97.2M-2.04B-34.0M0.842.90N/AN/A982,480821,7904,384,6804,788,380