NFLX Options History — February 2024

In February 2024, NFLX traded between $55.43 and $60.33. ATM implied volatility averaged 27.4%, placing in the 12.9% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 11.8% (HV 20d: 39.2%). Max pain ranged from $47.00 to $49.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.65.

Notable Days

  • 2024-02-15: Highest Volume — 2,482,610 contracts
  • 2024-02-12: Largest IV spike — 6.4% change
  • 2024-02-20: Highest IV Rank — 18.3%
  • 2024-02-20: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$57.52$55.43$60.33$56.74$59.88
Max Pain$47.95$47.00$49.50$47.00$49.50
ATM IV27.4%25.5%29.2%26.0%27.6%
Expected Move7.9%7.5%8.3%7.6%7.9%
HV 20d39.2%25.9%45.3%42.4%26.1%
HV 60d32.8%31.9%34.1%32.0%34.0%
IV Rank12.9%7.2%18.3%8.7%13.4%
IV Percentile16.0%8.7%21.0%10.3%17.9%
Term Structure0.0%-0.5%0.6%0.4%-0.3%
VWIV28.3%26.6%29.7%28.0%28.4%
Skew 25d0.4%-0.3%1.7%0.4%0.3%
Skew 10d1.3%0.1%2.2%1.4%1.1%
Call IV 25d27.8%25.9%29.5%26.3%27.8%
Put IV 25d28.2%26.2%30.2%26.6%28.1%
Bid-Ask Spread %3.713.036.383.144.11
Gamma HHI0.070.040.140.060.08
Net GEX157.3M29.4M466.5M137.1M201.9M
Net DEX-7.98B-11.35B-6.51B-8.25B-8.57B
Net VEX-32.6M-33.6M-31.5M-31.7M-33.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.400.880.560.66
Total Volume1,271,541.5548,2202,482,6101,261,230682,780
Total OI6,766,1665,956,0407,543,2307,411,0506,527,680

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$56.74$47.0026.0%7.6%42.4%8.7%28.0%0.4%0.4%137.1M-8.25B-31.7M0.563.14N/AN/A810,430450,8003,252,0704,158,980
2024-02-02$56.53$47.0025.5%7.5%42.7%7.2%27.4%0.2%0.4%29.4M-8.02B-31.9M0.713.47N/AN/A785,270554,8103,329,1504,213,610
2024-02-05$56.30$47.0026.5%7.7%42.9%10.2%27.4%0.4%0.2%123.2M-7.61B-31.5M0.524.08N/AN/A867,780455,4902,832,2703,670,850
2024-02-06$55.52$47.0026.1%7.5%43.4%8.9%26.6%0.6%0.2%61.1M-6.75B-32.0M0.753.41N/AN/A473,780354,4502,974,7903,799,640
2024-02-07$56.08$47.0026.1%7.5%43.1%8.9%27.3%-0.0%0.2%119.8M-7.49B-31.6M0.633.30N/AN/A758,480480,1503,058,1203,895,180
2024-02-08$55.82$47.5026.3%7.6%43.0%9.5%27.7%-0.1%0.2%88.8M-7.11B-32.5M0.563.24N/AN/A695,650390,2103,228,3303,928,930
2024-02-09$56.13$47.5026.2%7.6%42.8%9.3%27.3%-0.1%0.4%163.7M-7.53B-32.5M0.583.19N/AN/A808,770471,9303,263,9204,024,970
2024-02-12$55.78$47.5027.9%8.0%42.3%14.3%28.8%0.1%-0.3%99.6M-6.96B-32.8M0.403.03N/AN/A853,440344,3802,954,5803,720,710
2024-02-13$55.43$47.5028.1%8.1%42.5%15.1%28.7%0.5%0.2%78.2M-6.57B-33.5M0.793.05N/AN/A595,010467,8003,156,4903,830,740
2024-02-14$58.05$48.0028.2%8.1%43.0%15.2%28.7%-0.1%0.6%326.3M-9.67B-33.0M0.543.34N/AN/A1,527,160821,3703,194,1303,957,940
2024-02-15$59.21$48.0028.8%8.3%43.0%17.0%29.3%-0.3%0.1%466.5M-11.35B-32.9M0.484.18N/AN/A1,678,500804,1103,350,4304,057,310
2024-02-16$58.38$48.0028.0%8.0%43.9%14.8%28.4%0.3%0.1%238.7M-9.73B-33.6M0.556.38N/AN/A1,415,630775,9503,398,3304,144,900
2024-02-20$57.41$48.0029.2%8.3%44.6%18.3%29.7%1.1%-0.4%91.1M-6.71B-33.2M0.853.83N/AN/A519,220443,9302,645,2103,367,970
2024-02-21$57.26$48.0028.5%8.2%44.7%16.0%29.1%1.7%-0.5%62.1M-6.51B-33.1M0.843.43N/AN/A352,170294,5402,709,3603,475,510
2024-02-22$58.90$48.5028.0%7.9%45.3%14.7%28.2%0.7%-0.3%238.6M-8.37B-32.3M0.613.36N/AN/A750,880460,9102,764,0203,523,810
2024-02-23$58.33$48.5027.1%7.6%29.8%11.9%27.5%0.9%-0.2%146.7M-7.66B-32.6M0.813.82N/AN/A607,180493,1702,817,2703,587,920
2024-02-26$58.84$49.0027.5%7.9%25.9%13.2%28.5%1.0%-0.3%130.0M-7.64B-32.3M0.883.41N/AN/A290,990257,2302,555,6903,400,350
2024-02-27$60.33$49.0028.5%8.3%26.9%16.2%29.5%0.1%-0.2%191.2M-8.98B-32.2M0.524.55N/AN/A1,171,760614,5402,626,8103,485,350
2024-02-28$59.53$49.5028.0%8.1%26.1%14.7%29.1%0.4%-0.2%151.8M-8.21B-33.2M0.763.95N/AN/A482,660367,5202,807,1203,632,880
2024-02-29$59.88$49.5027.6%7.9%26.1%13.4%28.4%0.3%-0.3%201.9M-8.57B-33.0M0.664.11N/AN/A410,220272,5602,843,5503,684,130