NFLX Options History — May 2024

In May 2024, NFLX traded between $55.62 and $65.70. ATM implied volatility averaged 26.2%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded below realized volatility by 10.0% (HV 20d: 36.2%). Max pain ranged from $49.00 to $56.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.77.

Notable Days

  • 2024-05-20: Highest Volume — 1,546,670 contracts
  • 2024-05-28: Largest IV spike — 5.7% change
  • 2024-05-08: Highest IV Rank — 17.2%
  • 2024-05-01: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$61.85$55.62$65.70$55.62$63.76
Max Pain$51.57$49.00$56.00$56.00$53.00
ATM IV26.2%24.0%27.8%27.0%25.5%
Expected Move7.5%6.8%8.4%8.4%7.2%
HV 20d36.2%21.1%47.6%46.0%23.9%
HV 60d34.0%32.6%35.3%34.3%32.7%
IV Rank11.2%3.2%17.2%14.1%8.6%
IV Percentile13.1%3.6%21.0%15.1%11.1%
Term Structure0.0%-0.8%1.7%1.7%-0.4%
VWIV26.8%24.5%29.5%29.5%25.8%
Skew 25d0.8%0.2%1.7%1.5%0.9%
Skew 10d1.8%1.0%2.7%1.6%2.7%
Call IV 25d26.0%24.1%27.4%26.7%25.4%
Put IV 25d26.8%24.5%28.6%28.2%26.3%
Bid-Ask Spread %45.4312.3267.1567.1551.29
Gamma HHI0.070.030.250.030.08
Net GEX166.2M-8.3M320.8M13.9M-8.3M
Net DEX-7.07B-8.56B-3.08B-3.08B-6.54B
Net VEX-32.4M-34.4M-30.8M-34.4M-32.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.481.010.930.85
Total Volume987,721.818451,0301,546,670653,1401,017,690
Total OI5,898,033.1825,204,8306,477,5405,969,4505,864,350

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$55.62$56.0027.0%8.4%46.0%14.1%29.5%1.5%1.7%13.9M-3.08B-34.4M0.9367.15N/AN/A338,510314,6302,707,0403,262,410
2024-05-02$56.34$56.0027.6%8.2%46.3%16.3%29.0%1.2%-0.3%81.8M-3.92B-33.6M0.6865.83N/AN/A430,780291,5502,728,1103,291,960
2024-05-03$57.93$56.0026.6%7.9%46.1%12.7%28.6%0.7%-0.4%285.5M-5.55B-33.8M0.7264.76N/AN/A658,200472,9502,753,6603,341,240
2024-05-06$59.60$49.0027.4%7.8%47.5%15.7%27.9%1.0%0.6%177.7M-6.44B-33.0M0.7835.42N/AN/A531,320415,8302,529,0203,176,390
2024-05-07$60.54$49.0027.3%7.7%47.5%15.4%27.3%1.0%0.5%195.7M-7.27B-32.8M0.7728.83N/AN/A580,780447,8102,594,3303,301,200
2024-05-08$61.09$49.0027.8%7.8%47.6%17.2%27.5%1.7%-0.0%200.7M-7.77B-32.9M0.8626.68N/AN/A708,990606,4802,645,7703,424,760
2024-05-09$61.20$49.5026.7%7.7%47.1%13.0%27.4%1.0%0.5%193.7M-7.80B-33.0M1.0129.91N/AN/A394,500398,7702,737,5803,523,870
2024-05-10$60.91$49.5026.7%7.6%47.0%13.2%26.9%0.9%0.2%128.4M-7.39B-33.1M0.8247.12N/AN/A679,070555,0202,776,1903,562,990
2024-05-13$61.66$50.0027.0%7.6%46.1%14.0%27.1%1.0%-0.6%169.9M-7.51B-32.0M0.8236.07N/AN/A247,160203,8702,592,3803,270,580
2024-05-14$61.24$50.0027.2%7.7%45.4%14.8%27.2%0.8%-0.4%155.0M-7.13B-32.7M0.9644.23N/AN/A307,550296,5102,648,5403,336,350
2024-05-15$61.56$51.0026.8%7.6%45.4%13.3%26.9%0.5%-0.4%169.9M-7.13B-32.5M0.5351.65N/AN/A847,510450,9302,666,1103,417,120
2024-05-16$61.03$51.0025.5%7.3%45.5%8.7%25.7%0.6%-0.3%160.6M-6.75B-32.3M0.5952.03N/AN/A544,940323,8802,863,3903,536,350
2024-05-17$62.05$51.0024.9%7.1%28.0%6.7%25.7%0.6%-0.2%320.8M-8.09B-31.6M0.6951.14N/AN/A841,560582,4302,889,8003,587,740
2024-05-20$64.22$51.0025.8%7.4%29.7%9.8%26.4%0.3%0.5%184.9M-7.96B-31.1M0.6345.80N/AN/A949,850596,8202,251,0002,953,830
2024-05-21$64.83$51.0025.2%7.2%26.5%7.7%25.9%0.2%0.4%212.0M-8.45B-31.9M0.7049.32N/AN/A602,220420,0202,406,1203,104,210
2024-05-22$63.96$51.0025.0%7.2%21.5%6.9%25.7%0.2%-0.0%154.3M-7.67B-31.6M0.8438.16N/AN/A351,060295,9702,485,3503,190,130
2024-05-23$63.40$51.5024.9%7.1%22.0%6.7%25.8%0.5%0.4%130.5M-7.04B-31.7M0.8249.02N/AN/A433,230357,4302,530,9103,218,930
2024-05-24$64.64$52.0024.0%6.8%22.1%3.2%24.5%0.4%0.1%265.6M-8.53B-31.4M0.7753.38N/AN/A786,180609,0902,576,5503,258,590
2024-05-28$64.73$52.5025.3%7.1%21.5%8.2%25.4%0.7%-0.4%147.0M-7.60B-30.8M1.0112.32N/AN/A259,390260,8402,311,8503,059,840
2024-05-29$65.70$52.5026.0%7.4%21.1%10.5%26.4%0.4%-0.8%218.3M-8.56B-31.7M0.4847.44N/AN/A1,039,250500,5002,396,3003,145,430
2024-05-30$64.59$53.0025.8%7.3%22.9%9.7%26.1%0.6%-0.1%97.7M-7.31B-32.6M0.6151.99N/AN/A484,880293,9302,580,2303,258,230
2024-05-31$63.76$53.0025.5%7.2%23.9%8.6%25.8%0.9%-0.4%-8.3M-6.54B-32.2M0.8551.29N/AN/A550,490467,2002,602,5503,261,800