NFLX Options History — July 2023

In July 2023, NFLX traded between $41.23 and $47.61. ATM implied volatility averaged 41.8%, placing in the 19.9% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 7.5% (HV 20d: 34.3%). Max pain ranged from $36.00 to $42.50. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.73.

Notable Days

  • 2023-07-20: Highest Volume — 5,611,420 contracts
  • 2023-07-20: Largest IV drop — 32.4% change
  • 2023-07-19: Highest IV Rank — 36.1%
  • 2023-07-05: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.00$41.23$47.61$43.99$43.74
Max Pain$41.25$36.00$42.50$36.00$42.25
ATM IV41.8%30.6%50.6%46.1%31.7%
Expected Move11.9%8.6%16.0%15.0%8.9%
HV 20d34.3%24.6%45.4%27.9%44.9%
HV 60d35.9%32.5%39.6%34.8%39.6%
IV Rank19.9%0.0%36.1%27.8%2.0%
IV Percentile35.8%0.0%68.3%46.8%2.0%
Term Structure-1.6%-3.1%0.4%-2.0%-0.3%
VWIV42.1%30.7%57.5%52.9%31.8%
Skew 25d0.4%-1.9%1.0%0.8%0.9%
Skew 10d1.1%-2.5%2.5%2.3%1.3%
Call IV 25d42.2%30.7%52.5%45.7%31.8%
Put IV 25d42.6%31.5%50.6%46.5%32.7%
Bid-Ask Spread %3.092.026.092.762.36
Gamma HHI0.050.030.160.040.03
Net GEX70.5M-231.8M206.4M135.6M123.4M
Net DEX-7.47B-11.91B-2.59B-8.52B-6.43B
Net VEX-38.5M-39.1M-37.3M-38.4M-38.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.491.021.020.72
Total Volume2,270,598.51,018,5405,611,4201,172,3102,023,860
Total OI9,613,9738,690,23011,928,0108,740,6508,842,910

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$43.99$36.0046.1%15.0%27.9%27.8%52.9%0.8%-2.0%135.6M-8.52B-38.4M1.022.76N/AN/A579,770592,5404,277,4604,463,190
2023-07-05$44.57$36.5047.3%16.0%28.1%30.0%57.5%0.5%-2.3%164.2M-9.31B-38.1M0.492.52N/AN/A1,423,900692,7804,422,3404,744,050
2023-07-06$43.87$41.5047.8%12.6%28.5%30.8%44.9%0.6%-2.3%91.6M-8.25B-39.1M0.633.66N/AN/A1,015,210639,7404,628,9904,914,520
2023-07-07$43.86$41.5046.9%12.4%28.5%29.2%44.0%0.6%-2.5%142.0M-8.34B-39.0M0.643.39N/AN/A1,067,110685,7804,725,8105,032,090
2023-07-10$44.12$41.5047.3%12.6%27.9%30.0%44.7%0.7%-2.4%104.3M-8.43B-38.4M0.766.09N/AN/A578,850439,6904,409,4104,701,750
2023-07-11$43.93$41.5047.4%12.8%25.9%30.1%45.0%1.0%-2.5%90.3M-8.19B-38.4M0.763.02N/AN/A695,280528,0404,503,0704,808,620
2023-07-12$44.35$41.5047.1%12.8%26.0%29.6%45.0%1.0%-2.5%125.0M-8.78B-38.4M0.663.07N/AN/A827,020549,3404,602,5104,978,830
2023-07-13$45.14$41.5047.7%13.0%24.6%30.7%45.8%0.8%-2.8%206.4M-9.87B-38.4M0.563.20N/AN/A1,319,990737,1404,696,6905,070,720
2023-07-14$44.01$41.5048.7%13.4%26.3%32.6%47.0%0.5%-3.1%11.1M-8.01B-38.6M0.512.80N/AN/A2,096,7501,065,1404,913,5005,287,820
2023-07-17$45.08$41.5050.3%14.1%27.1%35.4%49.3%0.3%-2.7%104.5M-9.14B-38.4M0.693.12N/AN/A848,890586,8504,359,3504,714,000
2023-07-18$47.51$41.5050.1%14.2%30.8%35.1%50.1%-0.8%-2.7%145.3M-11.67B-38.1M0.594.03N/AN/A1,450,660852,3204,577,1704,947,770
2023-07-19$47.61$41.5050.6%14.5%30.8%36.1%51.9%-1.9%-2.9%153.8M-11.91B-38.6M0.823.99N/AN/A2,212,9201,811,4804,853,9105,170,680
2023-07-20$43.82$42.0034.2%9.8%43.0%5.7%35.4%0.1%-0.2%-38.4M-6.61B-37.3M0.693.54N/AN/A3,314,0602,297,3605,398,8805,706,210
2023-07-21$42.63$42.0033.4%9.6%44.0%4.3%34.3%0.2%-0.2%-231.8M-5.02B-38.1M0.993.03N/AN/A2,353,1202,334,9705,957,5505,970,460
2023-07-24$42.68$42.0032.7%9.4%44.0%3.0%33.5%0.4%-0.1%26.9M-4.43B-38.5M0.842.12N/AN/A905,680759,0504,291,2204,399,010
2023-07-25$42.95$42.5032.6%9.4%44.0%2.8%33.3%0.3%-0.1%47.6M-4.87B-39.0M0.722.37N/AN/A730,360523,7604,497,1704,627,280
2023-07-26$42.21$42.5031.7%9.0%44.5%1.1%31.9%0.5%0.1%-5.8M-3.90B-38.5M0.932.02N/AN/A1,101,1201,018,5204,594,7204,736,300
2023-07-27$41.23$42.2532.1%9.1%43.7%1.8%32.6%1.0%0.2%-101.0M-2.59B-38.9M0.732.77N/AN/A1,283,990943,5604,712,1804,855,550
2023-07-28$42.65$42.0030.6%8.6%45.4%0.0%30.7%0.8%0.4%114.7M-5.05B-39.0M0.852.02N/AN/A1,364,8201,160,5504,926,9504,958,820
2023-07-31$43.74$42.2531.7%8.9%44.9%2.0%31.8%0.9%-0.3%123.4M-6.43B-38.3M0.722.36N/AN/A1,176,330847,5304,267,5704,575,340