NFLX Options History — August 2023

In August 2023, NFLX traded between $40.26 and $43.97. ATM implied volatility averaged 32.5%, placing in the 3.7% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded below realized volatility by 5.2% (HV 20d: 37.7%). Max pain ranged from $40.50 to $42.50. Net GEX was positive for 17 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 0.95.

Notable Days

  • 2023-08-23: Highest Volume — 3,067,380 contracts
  • 2023-08-02: Largest IV spike — 4.7% change
  • 2023-08-24: Highest IV Rank — 5.9%
  • 2023-08-17: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.45$40.26$43.97$43.97$43.53
Max Pain$41.11$40.50$42.50$42.50$41.00
ATM IV32.5%31.0%33.7%31.8%31.0%
Expected Move9.2%8.4%9.6%9.0%8.4%
HV 20d37.7%27.6%45.9%44.9%32.6%
HV 60d37.3%34.6%40.0%39.6%35.7%
IV Rank3.7%0.7%5.9%2.3%0.7%
IV Percentile8.2%0.4%17.1%2.8%0.4%
Term Structure0.3%-0.4%0.8%-0.3%0.5%
VWIV32.9%30.4%34.1%32.0%30.4%
Skew 25d2.3%0.9%3.0%0.9%1.4%
Skew 10d4.5%1.9%5.9%1.9%2.8%
Call IV 25d31.8%30.6%33.0%32.0%30.6%
Put IV 25d34.1%32.1%35.6%32.9%32.1%
Bid-Ask Spread %2.631.744.021.742.17
Gamma HHI0.040.030.090.040.05
Net GEX39.1M-121.8M169.2M140.8M169.2M
Net DEX-4.64B-6.65B-1.54B-6.65B-6.45B
Net VEX-37.8M-39.8M-36.3M-38.9M-36.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.681.480.681.01
Total Volume1,549,620857,6803,067,3801,874,790978,150
Total OI9,044,391.7398,103,5509,653,9409,172,7908,998,820

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$43.97$42.5031.8%9.0%44.9%2.3%32.0%0.9%-0.3%140.8M-6.65B-38.9M0.681.74N/AN/A1,117,850756,9404,428,9704,743,820
2023-08-02$43.00$42.5033.3%9.4%45.3%5.1%33.1%1.7%-0.4%60.1M-5.09B-39.6M0.962.22N/AN/A747,550717,6404,557,2204,838,400
2023-08-03$43.29$41.0033.2%9.5%45.1%5.0%33.8%1.8%-0.4%109.4M-5.68B-39.8M0.732.85N/AN/A1,120,640816,9204,618,9504,890,740
2023-08-04$43.15$41.0032.5%9.4%45.1%3.6%33.3%1.9%-0.3%54.9M-5.30B-39.5M0.762.38N/AN/A1,281,710968,5004,694,5904,959,350
2023-08-07$43.97$41.0031.9%9.2%45.6%2.5%32.8%2.1%0.4%90.4M-6.35B-39.0M0.832.27N/AN/A645,740533,1504,277,5804,710,410
2023-08-08$43.81$41.0032.2%9.3%45.6%3.0%33.1%2.3%0.3%94.7M-6.19B-39.3M0.842.58N/AN/A678,650569,4704,403,1004,817,540
2023-08-09$42.96$41.5032.8%9.5%45.9%4.1%33.7%2.5%0.3%31.8M-4.86B-39.5M0.701.96N/AN/A766,790536,0104,474,9804,874,730
2023-08-10$42.87$41.5032.3%9.3%45.4%3.2%32.9%2.3%0.4%20.4M-4.80B-39.1M0.872.32N/AN/A792,210690,9804,558,6404,937,150
2023-08-11$42.21$41.5031.7%9.2%44.9%2.1%32.3%2.3%0.4%-51.8M-3.71B-38.5M1.093.05N/AN/A820,000897,8804,632,8204,983,610
2023-08-14$42.55$41.5031.8%9.1%44.0%2.2%32.2%2.3%0.6%29.0M-4.53B-37.7M0.962.49N/AN/A499,760479,4104,248,3804,678,900
2023-08-15$42.39$41.5032.4%9.3%38.8%3.3%33.4%2.7%0.6%14.2M-4.33B-37.6M1.092.82N/AN/A467,490511,7304,313,5904,773,210
2023-08-16$41.67$41.0032.9%9.4%38.9%4.3%32.9%2.6%0.8%-44.1M-3.36B-37.6M1.484.02N/AN/A562,710830,5804,369,8704,827,260
2023-08-17$40.26$40.5033.6%9.6%28.7%5.8%34.1%3.0%0.4%-121.8M-1.54B-36.6M1.393.04N/AN/A803,3901,113,1104,458,5304,839,160
2023-08-18$40.53$40.5033.0%9.4%27.6%4.5%33.9%2.7%0.6%-82.8M-2.12B-36.9M1.122.93N/AN/A752,850845,7104,540,8504,875,950
2023-08-21$40.88$40.5033.0%9.4%27.8%4.5%33.8%2.8%0.3%-19.5M-3.08B-36.5M0.953.17N/AN/A640,730610,1303,733,0104,370,540
2023-08-22$41.32$40.5033.6%9.6%28.0%5.7%33.9%3.0%0.3%15.6M-3.69B-36.8M0.933.27N/AN/A628,290583,7303,881,9504,501,650
2023-08-23$42.85$40.5033.2%9.4%30.5%5.0%33.4%2.1%0.3%113.0M-5.72B-36.7M0.832.83N/AN/A1,678,8601,388,5203,965,6404,582,110
2023-08-24$40.90$40.7533.7%9.5%33.9%5.9%33.5%2.6%0.3%-62.7M-2.72B-36.9M1.082.54N/AN/A921,240998,2004,139,5504,750,490
2023-08-25$41.75$40.7532.7%9.1%32.4%4.0%32.3%2.4%0.4%38.9M-4.13B-37.0M1.012.60N/AN/A1,154,7701,168,2404,230,8104,788,210
2023-08-28$41.69$41.0033.2%9.1%30.9%5.0%32.4%2.6%0.3%17.0M-4.04B-36.6M0.962.44N/AN/A438,520419,1603,893,4804,524,230
2023-08-29$43.19$41.0031.7%8.7%33.6%2.1%31.5%2.3%0.5%127.5M-5.99B-36.3M0.942.45N/AN/A648,990611,5803,999,9804,595,230
2023-08-30$43.50$41.0031.3%8.6%32.7%1.2%31.1%1.8%0.5%154.6M-6.40B-36.3M0.682.30N/AN/A859,330587,4504,056,0504,680,960
2023-08-31$43.53$41.0031.0%8.4%32.6%0.7%30.4%1.4%0.5%169.2M-6.45B-36.3M1.012.17N/AN/A485,910492,2404,212,2904,786,530