NFLX Options History — June 2023

In June 2023, NFLX traded between $39.93 and $44.62. ATM implied volatility averaged 40.0%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 2.5% (HV 20d: 37.5%). Max pain ranged from $32.00 to $36.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.62.

Notable Days

  • 2023-06-09: Highest Volume — 3,461,600 contracts
  • 2023-06-20: Largest IV spike — 18.2% change
  • 2023-06-29: Highest IV Rank — 28.0%
  • 2023-06-29: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.15$39.93$44.62$40.25$44.07
Max Pain$34.45$32.00$36.00$34.50$36.00
ATM IV40.0%33.5%46.3%37.5%45.6%
Expected Move12.8%10.6%14.2%11.5%14.1%
HV 20d37.5%26.2%44.3%43.4%28.0%
HV 60d36.3%34.0%39.2%39.2%34.9%
IV Rank16.4%4.4%28.0%11.7%26.7%
IV Percentile26.0%6.7%47.6%13.5%44.0%
Term Structure1.3%-2.5%10.2%-0.8%-2.3%
VWIV45.7%38.0%50.6%41.4%50.1%
Skew 25d0.3%-1.1%1.3%-0.0%0.5%
Skew 10d0.7%-1.7%2.7%-0.7%1.0%
Call IV 25d40.5%34.1%47.2%38.8%46.6%
Put IV 25d40.8%34.6%48.1%38.8%47.1%
Bid-Ask Spread %13.122.6321.902.873.11
Gamma HHI0.080.040.340.070.34
Net GEX154.3M-18.5M382.2M248.4M363.6M
Net DEX-9.05B-13.33B-5.78B-9.67B-9.75B
Net VEX-38.3M-39.1M-37.2M-37.6M-38.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.210.870.440.69
Total Volume2,014,499.048987,3803,461,6002,791,7502,681,310
Total OI9,843,167.1438,591,93011,261,9909,874,4809,802,800

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$40.25$34.5037.5%11.5%43.4%11.7%41.4%-0.0%-0.8%248.4M-9.67B-37.6M0.442.87N/AN/A1,933,200858,5504,876,4204,998,060
2023-06-02$40.04$34.5035.2%10.6%43.6%7.4%38.0%0.2%-0.9%203.9M-9.29B-37.6M0.572.63N/AN/A1,774,6601,005,9505,167,6305,168,580
2023-06-05$40.38$32.0034.8%12.2%43.6%6.7%43.4%0.4%0.3%157.8M-8.84B-37.2M0.6511.48N/AN/A1,276,000831,9304,729,0804,844,720
2023-06-06$39.93$32.0033.5%11.8%43.8%4.4%42.4%0.5%0.5%133.2M-8.15B-37.7M0.6513.17N/AN/A818,670533,3704,942,0805,039,720
2023-06-07$39.97$32.5034.7%12.2%43.8%6.5%43.7%0.3%-0.0%154.1M-8.25B-38.0M0.2116.39N/AN/A1,738,730365,8505,008,1605,149,000
2023-06-08$40.77$34.0034.4%12.1%44.0%6.0%43.2%-0.1%0.2%284.8M-9.90B-38.7M0.2916.40N/AN/A764,910222,4705,428,6505,384,310
2023-06-09$42.13$34.0035.3%12.4%44.3%7.7%43.8%-1.1%0.5%382.2M-12.14B-38.1M0.3114.52N/AN/A2,643,460818,1405,454,5905,501,680
2023-06-12$42.41$34.0035.5%12.6%43.3%8.1%44.8%-0.1%8.3%190.4M-10.86B-38.4M0.627.80N/AN/A865,960534,7904,904,8905,198,980
2023-06-13$43.70$34.0035.7%12.7%43.0%8.5%44.4%-0.3%8.3%220.9M-12.44B-38.3M0.689.46N/AN/A1,445,590982,5705,025,2905,370,740
2023-06-14$43.96$34.0035.7%12.9%42.5%8.4%45.9%-0.4%9.2%218.4M-12.51B-38.6M0.6217.12N/AN/A1,590,230978,4605,093,4805,553,460
2023-06-15$44.62$35.0037.6%13.0%42.5%12.0%47.4%-0.3%9.8%265.1M-13.33B-38.8M0.6513.49N/AN/A1,365,840883,3305,292,6005,711,920
2023-06-16$43.39$35.0038.6%12.9%34.4%13.8%46.8%-0.1%10.2%105.2M-11.34B-39.1M0.6812.19N/AN/A1,629,3901,107,4205,411,9505,850,040
2023-06-20$43.46$35.0045.6%13.4%33.3%26.9%47.8%1.0%-1.6%96.9M-7.87B-38.8M0.7420.48N/AN/A686,840507,5604,151,6804,445,220
2023-06-21$42.56$35.0046.2%13.2%34.6%27.8%46.6%1.0%-1.7%36.6M-6.73B-38.7M0.8712.86N/AN/A774,600673,7804,312,9004,571,750
2023-06-22$42.08$35.0045.3%13.1%33.9%26.3%46.3%0.9%-1.7%-18.5M-6.08B-38.6M0.7817.41N/AN/A796,530617,8104,389,9604,650,350
2023-06-23$42.06$35.0044.9%13.0%33.4%25.5%46.0%0.8%-1.7%-9.6M-6.06B-38.4M0.7017.90N/AN/A1,165,980822,0604,531,6004,727,690
2023-06-26$41.74$35.0045.9%13.6%32.3%27.3%48.8%1.1%-1.8%1.7M-5.78B-38.2M0.7521.90N/AN/A699,280527,4004,117,0704,474,860
2023-06-27$41.85$35.5045.4%13.7%27.7%26.3%48.5%1.3%-2.4%-13.7M-5.87B-37.8M0.8419.68N/AN/A653,740549,0804,218,4704,602,610
2023-06-28$43.15$35.5046.2%14.0%26.2%27.9%49.3%0.9%-1.7%149.4M-7.90B-38.0M0.6713.14N/AN/A1,555,8501,036,7104,368,3804,694,440
2023-06-29$42.70$36.0046.3%14.2%26.7%28.0%50.6%0.4%-2.5%69.7M-7.37B-38.9M0.7111.41N/AN/A927,520658,9604,618,3204,922,380
2023-06-30$44.07$36.0045.6%14.1%28.0%26.7%50.1%0.5%-2.3%363.6M-9.75B-38.5M0.693.11N/AN/A1,583,5001,097,8104,785,1105,017,690