NFLX Options History — January 2024

In January 2024, NFLX traded between $46.61 and $57.51. ATM implied volatility averaged 39.2%, placing in the 40.6% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded above realized volatility by 6.7% (HV 20d: 32.4%). Max pain ranged from $39.00 to $50.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.70.

Notable Days

2024-01-24: Highest Volume — 6,976,460 contracts
2024-01-24: Largest IV drop — 38.2% change
2024-01-23: Highest IV Rank — 63.4%
2024-01-23: Largest Expected Move — 13.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.16	$46.61	$57.51	$46.61	$56.37
Max Pain	$47.20	$39.00	$50.00	$39.00	$50.00
ATM IV	39.2%	26.5%	44.3%	43.6%	26.5%
Expected Move	10.7%	7.6%	13.7%	7.8%	7.8%
HV 20d	32.4%	24.9%	46.8%	30.7%	46.5%
HV 60d	34.3%	24.6%	41.3%	41.3%	32.0%
IV Rank	40.6%	10.2%	63.4%	46.6%	10.2%
IV Percentile	55.2%	11.1%	73.8%	68.3%	11.1%
Term Structure	-1.8%	-2.9%	0.6%	-2.2%	0.6%
VWIV	37.8%	27.0%	48.5%	27.7%	27.8%
Skew 25d	1.6%	-0.5%	2.7%	2.4%	0.5%
Skew 10d	3.6%	-0.1%	5.6%	5.5%	1.8%
Call IV 25d	38.7%	26.8%	43.7%	42.4%	26.8%
Put IV 25d	40.3%	27.3%	45.4%	44.8%	27.3%
Bid-Ask Spread %	6.38	2.83	33.48	2.83	3.41
Gamma HHI	0.06	0.02	0.25	0.03	0.05
Net GEX	133.5M	-26.9M	448.9M	-26.9M	111.9M
Net DEX	-7.22B	-12.32B	-3.41B	-4.85B	-7.86B
Net VEX	-29.9M	-32.0M	-26.8M	-29.2M	-32.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.70	0.40	1.11	1.11	0.57
Total Volume	2,052,903	833,800	6,976,460	1,255,010	1,344,170
Total OI	8,122,767	5,514,740	9,485,320	7,998,130	7,290,780

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-01-02	$46.61	$39.00	43.6%	7.8%	30.7%	46.6%	27.7%	2.4%	-2.2%	-26.9M	-4.85B	-29.2M	1.11	2.83	N/A	N/A	594,950	660,060	3,505,840	4,492,290
2024-01-03	$46.94	$39.00	43.5%	7.6%	29.0%	46.4%	27.0%	2.5%	-2.5%	1.5M	-5.29B	-29.7M	0.94	2.96	N/A	N/A	430,250	403,550	3,665,440	4,686,830
2024-01-04	$47.56	$48.00	43.4%	11.4%	29.3%	46.1%	40.1%	2.6%	-2.5%	53.5M	-6.18B	-29.5M	0.74	5.94	N/A	N/A	625,680	464,710	3,758,600	4,731,230
2024-01-05	$47.38	$48.00	43.0%	11.4%	28.6%	45.9%	39.9%	2.6%	-2.5%	68.8M	-6.04B	-29.4M	1.01	6.27	N/A	N/A	535,480	541,620	3,862,310	4,778,180
2024-01-08	$48.42	$48.00	42.4%	11.4%	29.2%	44.6%	40.7%	2.5%	-2.0%	100.0M	-7.26B	-29.1M	1.00	5.77	N/A	N/A	451,010	451,920	3,604,310	4,601,980
2024-01-09	$48.03	$47.50	42.7%	11.5%	29.5%	47.0%	40.5%	2.7%	-2.2%	66.1M	-6.79B	-29.5M	0.93	6.31	N/A	N/A	499,580	465,670	3,722,280	4,753,090
2024-01-10	$47.86	$47.50	42.9%	11.6%	29.2%	47.5%	41.4%	2.4%	-2.4%	53.2M	-6.62B	-29.7M	0.71	6.45	N/A	N/A	790,410	563,960	3,816,730	4,844,100
2024-01-11	$49.26	$47.50	43.1%	11.7%	30.7%	48.1%	41.5%	1.6%	-2.7%	258.9M	-9.00B	-30.2M	0.40	7.26	N/A	N/A	2,644,680	1,044,560	3,996,200	4,957,270
2024-01-12	$49.27	$47.50	42.6%	11.7%	27.6%	46.8%	41.6%	1.6%	-2.7%	295.3M	-9.16B	-30.7M	0.41	6.49	N/A	N/A	1,800,810	737,380	4,392,920	5,092,400
2024-01-16	$47.97	$47.50	42.6%	12.1%	27.7%	50.5%	43.0%	2.2%	-2.5%	92.3M	-6.72B	-30.2M	0.74	33.48	N/A	N/A	753,520	558,110	4,013,030	4,905,920
2024-01-17	$48.00	$47.50	43.1%	12.4%	27.6%	53.7%	44.1%	2.2%	-2.5%	86.3M	-6.72B	-30.5M	0.60	6.12	N/A	N/A	654,940	390,350	4,164,840	5,037,820
2024-01-18	$48.51	$47.50	42.8%	12.4%	25.5%	52.6%	43.4%	2.2%	-2.7%	155.9M	-7.60B	-30.2M	0.50	5.99	N/A	N/A	790,720	398,180	4,222,840	5,116,350
2024-01-19	$48.27	$47.50	42.8%	12.6%	24.9%	52.8%	44.1%	1.6%	-2.9%	71.8M	-7.24B	-29.6M	0.46	4.38	N/A	N/A	1,063,740	489,160	4,265,890	5,154,860
2024-01-22	$48.59	$47.50	43.6%	13.3%	25.0%	56.2%	46.7%	1.4%	-2.3%	37.3M	-3.41B	-29.7M	0.64	3.96	N/A	N/A	671,580	431,760	2,399,810	3,114,930
2024-01-23	$49.17	$48.00	44.3%	13.7%	25.3%	63.4%	48.5%	0.9%	-2.2%	54.4M	-3.96B	-30.1M	0.78	4.49	N/A	N/A	1,589,950	1,234,530	2,640,840	3,277,170
2024-01-24	$54.41	$48.00	27.4%	8.1%	43.7%	12.8%	29.3%	-0.2%	-0.1%	363.3M	-10.07B	-26.8M	0.74	3.81	N/A	N/A	4,014,310	2,962,150	3,320,890	3,949,280
2024-01-26	$56.84	$49.00	27.8%	8.2%	45.7%	14.0%	29.3%	-0.5%	-0.1%	448.9M	-12.32B	-29.4M	0.53	5.11	N/A	N/A	4,267,190	2,261,970	3,788,300	4,583,770
2024-01-29	$57.51	$49.50	27.9%	8.3%	45.7%	14.2%	29.6%	0.2%	0.1%	257.4M	-9.50B	-30.7M	0.61	3.62	N/A	N/A	1,148,350	698,980	3,051,880	3,780,520
2024-01-30	$56.29	$50.00	27.2%	8.1%	46.8%	12.4%	29.2%	0.3%	0.1%	120.6M	-7.79B	-31.8M	0.56	3.00	N/A	N/A	1,043,730	584,390	3,132,730	3,980,890
2024-01-31	$56.37	$50.00	26.5%	7.8%	46.5%	10.2%	27.8%	0.5%	0.6%	111.9M	-7.86B	-32.0M	0.57	3.41	N/A	N/A	854,470	489,700	3,200,310	4,090,470