NFLX Options History — October 2023

In October 2023, NFLX traded between $34.55 and $41.39. ATM implied volatility averaged 41.9%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 2.2% (HV 20d: 39.7%). Max pain ranged from $38.00 to $40.00. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.99.

Notable Days

  • 2023-10-19: Highest Volume — 5,956,120 contracts
  • 2023-10-19: Largest IV drop — 30.2% change
  • 2023-10-18: Highest IV Rank — 39.3%
  • 2023-10-04: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.41$34.55$41.39$37.89$41.15
Max Pain$38.98$38.00$40.00$40.00$39.50
ATM IV41.9%32.2%49.3%45.6%32.9%
Expected Move12.2%9.4%16.5%14.9%9.7%
HV 20d39.7%20.5%63.2%27.2%63.0%
HV 60d37.7%29.8%44.3%35.7%43.7%
IV Rank23.6%5.3%39.3%29.3%7.2%
IV Percentile48.7%11.5%77.8%56.7%16.7%
Term Structure-1.5%-3.3%0.6%-1.9%0.6%
VWIV42.7%34.0%58.4%53.0%34.6%
Skew 25d4.3%3.6%5.1%3.6%4.5%
Skew 10d8.0%6.8%9.4%6.8%8.4%
Call IV 25d39.9%30.3%47.6%43.4%30.9%
Put IV 25d44.1%34.5%52.1%47.1%35.4%
Bid-Ask Spread %3.712.125.753.492.68
Gamma HHI0.060.030.220.030.03
Net GEX-3.9M-169.8M171.3M-26.1M44.9M
Net DEX-2.04B-5.78B1.28B-1.21B-4.28B
Net VEX-32.7M-34.4M-29.4M-33.2M-33.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.541.670.861.18
Total Volume1,888,881.818784,4805,956,120968,130784,480
Total OI8,782,220.9098,154,38010,300,5108,264,4108,504,340

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$37.89$40.0045.6%14.9%27.2%29.3%53.0%3.6%-1.9%-26.1M-1.21B-33.2M0.863.49N/AN/A519,780448,3503,867,4704,396,940
2023-10-03$37.50$40.0049.1%16.4%24.1%36.0%58.4%3.8%-2.2%-40.3M-868.8M-33.7M0.545.05N/AN/A1,411,600756,6303,963,5804,519,710
2023-10-04$37.57$40.0048.5%16.5%24.4%34.9%57.2%4.0%-2.4%-51.8M-879.2M-33.7M0.754.40N/AN/A642,390479,3104,145,8504,618,560
2023-10-05$37.29$39.0049.0%12.9%24.4%35.9%44.8%4.5%-2.4%-74.8M-519.7M-33.3M0.775.37N/AN/A962,420739,9804,199,6804,639,200
2023-10-06$38.22$39.0046.6%12.4%27.0%31.4%43.7%3.9%-2.7%142.7M-2.14B-33.5M0.824.63N/AN/A941,420774,5704,338,9104,722,110
2023-10-09$38.58$39.0045.8%12.4%27.0%29.7%43.9%3.8%-1.9%18.3M-2.16B-33.2M0.715.75N/AN/A575,700407,9503,891,7504,466,130
2023-10-10$37.38$39.0046.1%12.5%27.4%30.3%43.4%4.1%-2.0%-40.1M-882.2M-32.1M0.865.27N/AN/A911,560786,9504,018,3604,520,460
2023-10-11$36.67$39.0047.9%13.0%21.5%33.8%45.0%3.9%-2.8%-92.5M29.5M-31.7M0.934.27N/AN/A1,201,7701,117,6504,140,5704,637,110
2023-10-12$36.27$38.5048.0%13.2%20.5%34.0%46.0%4.0%-2.6%-116.9M451.1M-31.7M0.964.10N/AN/A989,350950,9804,385,3204,764,260
2023-10-13$35.43$38.5048.5%13.4%21.4%35.0%46.8%4.2%-2.6%-169.8M1.28B-30.9M0.954.29N/AN/A1,071,7901,020,7804,490,3704,806,670
2023-10-16$36.14$38.5047.6%13.4%23.2%34.4%46.9%4.5%-3.3%-34.4M-7.5M-30.7M0.683.23N/AN/A477,050326,5003,850,6804,454,100
2023-10-17$35.50$38.0048.5%13.8%23.3%37.5%47.6%4.5%-3.0%-37.1M441.2M-30.2M1.013.37N/AN/A412,200415,4204,006,0304,533,270
2023-10-18$34.55$38.0049.3%14.1%23.8%39.3%48.9%5.1%-3.2%-52.6M1.28B-29.4M1.144.37N/AN/A1,016,8001,154,6504,130,7604,677,640
2023-10-19$40.34$38.0034.4%9.9%61.7%8.8%35.9%3.8%-1.1%171.3M-5.78B-32.1M1.023.29N/AN/A2,945,0103,011,1104,486,6005,082,460
2023-10-20$40.11$38.5033.8%9.8%61.6%9.7%34.2%4.2%-0.4%123.4M-4.93B-32.9M1.002.86N/AN/A2,193,4002,195,9604,710,6205,589,890
2023-10-23$40.70$38.5034.0%9.9%61.7%10.1%35.0%4.3%-0.4%80.9M-4.43B-33.3M1.033.16N/AN/A967,1001,000,9603,790,2504,364,130
2023-10-24$41.39$39.0032.2%9.4%61.5%5.3%34.0%4.2%0.3%113.3M-5.22B-33.4M0.832.12N/AN/A959,010796,0703,941,5304,629,380
2023-10-25$41.11$39.0033.2%9.8%61.6%8.0%34.6%4.8%0.3%70.7M-4.68B-34.1M1.552.63N/AN/A494,820766,7604,005,3004,763,400
2023-10-26$40.35$39.5033.9%10.0%62.0%9.9%35.8%4.7%0.3%-33.5M-3.45B-34.4M1.672.21N/AN/A717,6101,196,0604,032,6004,904,450
2023-10-27$39.81$39.5033.8%10.1%62.3%9.7%35.4%4.9%0.3%-121.3M-2.77B-34.3M1.382.75N/AN/A780,6801,077,6904,085,3304,933,010
2023-10-30$41.12$39.5033.5%9.9%63.2%8.8%35.2%4.8%-0.1%39.1M-4.18B-33.9M1.122.30N/AN/A545,510609,6203,692,6604,507,420
2023-10-31$41.15$39.5032.9%9.7%63.0%7.2%34.6%4.5%0.6%44.9M-4.28B-33.8M1.182.68N/AN/A359,730424,7503,846,8304,657,510