NFLX Options History — November 2023

In November 2023, NFLX traded between $41.95 and $47.96. ATM implied volatility averaged 25.3%, placing in the 0.3% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded below realized volatility by 15.8% (HV 20d: 41.1%). Max pain ranged from $39.50 to $42.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.93.

Notable Days

  • 2023-11-15: Highest Volume — 1,875,550 contracts
  • 2023-11-03: Largest IV drop — 6.0% change
  • 2023-11-13: Highest IV Rank — 2.2%
  • 2023-11-01: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.57$41.95$47.96$41.95$47.20
Max Pain$40.81$39.50$42.50$39.50$42.50
ATM IV25.3%23.1%30.5%30.5%23.3%
Expected Move7.4%6.6%8.9%8.9%6.8%
HV 20d41.1%15.6%63.2%63.2%16.6%
HV 60d42.8%41.0%44.0%43.9%41.0%
IV Rank0.3%0.0%2.2%0.9%0.4%
IV Percentile0.3%0.0%1.6%1.6%1.2%
Term Structure0.4%-0.2%1.1%0.2%0.3%
VWIV26.8%23.8%31.8%31.8%24.8%
Skew 25d2.2%0.4%4.1%4.1%1.7%
Skew 10d4.7%3.2%7.6%7.6%3.9%
Call IV 25d24.6%22.7%28.8%28.8%22.7%
Put IV 25d26.8%23.3%32.9%32.9%24.4%
Bid-Ask Spread %2.882.303.692.802.87
Gamma HHI0.090.040.270.040.04
Net GEX169.5M27.6M285.5M123.8M27.6M
Net DEX-7.82B-9.63B-5.47B-5.47B-7.48B
Net VEX-31.1M-33.4M-29.7M-33.4M-30.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.711.490.931.21
Total Volume1,042,828.095546,3401,875,5501,337,230806,730
Total OI8,559,602.8577,912,3109,328,2108,618,9708,369,810

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$41.95$39.5030.5%8.9%63.2%0.9%31.8%4.1%0.2%123.8M-5.47B-33.4M0.932.80N/AN/A694,640642,5903,915,8404,703,130
2023-11-02$42.44$39.5028.8%8.6%63.0%0.0%31.4%3.6%0.6%196.1M-6.18B-32.9M1.043.26N/AN/A714,440742,0504,032,7404,836,340
2023-11-03$43.35$39.5027.1%8.2%62.9%0.0%29.7%3.1%0.6%245.6M-7.37B-32.5M0.782.38N/AN/A971,420758,8604,065,0604,965,950
2023-11-06$43.39$40.0027.2%8.1%62.9%0.3%30.0%3.4%0.9%121.2M-6.36B-32.2M1.492.90N/AN/A262,070389,4603,799,7804,605,900
2023-11-07$43.63$40.0026.7%7.9%61.4%0.0%28.9%3.0%0.9%135.5M-6.65B-31.9M1.052.64N/AN/A325,250340,1203,846,1104,711,900
2023-11-08$43.63$40.0026.2%7.8%60.6%0.0%28.9%2.9%1.1%131.0M-6.62B-32.1M1.183.22N/AN/A291,130343,3103,872,7104,785,250
2023-11-09$43.52$40.0026.2%7.7%60.3%0.0%28.2%3.0%0.9%122.2M-6.50B-31.9M0.952.58N/AN/A450,220428,8403,923,4904,850,000
2023-11-10$44.64$40.0025.0%7.4%59.3%0.0%26.8%2.4%1.0%231.1M-7.99B-31.5M0.762.83N/AN/A879,310664,3603,966,3004,934,280
2023-11-13$44.56$40.0026.0%7.5%59.4%2.2%27.0%2.5%0.3%152.7M-7.24B-31.2M0.872.64N/AN/A367,430319,7803,804,6104,654,480
2023-11-14$44.87$40.5024.9%7.2%58.5%0.0%25.9%2.2%0.4%180.0M-7.67B-30.9M0.832.46N/AN/A635,730529,6303,881,0004,748,050
2023-11-15$46.16$40.5025.6%7.3%56.9%1.6%26.4%1.8%0.0%233.6M-9.16B-30.7M0.712.30N/AN/A1,097,270778,2803,946,9604,858,070
2023-11-16$46.69$41.0025.3%7.3%22.2%0.9%26.3%1.7%0.1%255.9M-9.63B-30.8M0.762.83N/AN/A785,890594,4804,023,8705,047,260
2023-11-17$46.59$41.0024.3%7.0%21.9%0.0%25.6%1.7%0.2%285.5M-9.56B-30.7M0.822.81N/AN/A626,100512,8004,139,5105,188,700
2023-11-20$47.47$41.0024.2%6.9%22.1%0.0%25.1%1.6%-0.2%170.5M-8.70B-29.8M0.893.45N/AN/A677,690605,7503,567,2504,345,060
2023-11-21$47.55$41.5024.1%6.9%22.0%0.0%25.0%1.7%-0.2%164.8M-8.66B-30.4M0.752.79N/AN/A490,420368,3503,667,5904,484,450
2023-11-22$47.78$41.5023.3%6.6%21.4%0.0%23.8%1.4%-0.1%192.2M-8.98B-30.1M0.803.69N/AN/A609,540486,3503,750,9504,567,030
2023-11-24$47.90$42.0023.1%6.6%19.2%0.0%24.2%0.4%-0.1%214.0M-8.96B-30.2M0.823.26N/AN/A354,820292,6703,824,4004,673,940
2023-11-27$47.96$42.0023.4%6.8%17.5%0.7%24.5%1.6%0.6%141.3M-8.50B-29.7M1.193.13N/AN/A331,760393,4103,592,3404,368,830
2023-11-28$47.90$42.5023.1%6.7%15.6%0.0%24.2%1.5%0.2%129.2M-8.37B-29.9M0.952.54N/AN/A279,820266,5203,667,1504,492,800
2023-11-29$47.71$42.5023.2%6.8%16.0%0.3%24.4%1.6%0.2%106.8M-8.19B-29.7M0.763.15N/AN/A448,150341,9503,716,5304,556,240
2023-11-30$47.20$42.5023.3%6.8%16.6%0.4%24.8%1.7%0.3%27.6M-7.48B-30.2M1.212.87N/AN/A365,280441,4503,757,7904,612,020