NFLX Options History — December 2024

In December 2024, NFLX traded between $88.86 and $93.59. ATM implied volatility averaged 31.5%, placing in the 36.3% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 7.0% (HV 20d: 24.5%). Max pain ranged from $64.00 to $77.50. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.77.

Notable Days

2024-12-27: Highest Volume — 1,480,750 contracts
2024-12-23: Largest IV spike — 19.2% change
2024-12-31: Highest IV Rank — 85.9%
2024-12-18: Largest Expected Move — 8.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$91.36	$88.86	$93.59	$89.80	$89.29
Max Pain	$67.12	$64.00	$77.50	$77.00	$68.00
ATM IV	31.5%	23.5%	45.7%	23.7%	45.7%
Expected Move	7.8%	7.1%	8.7%	7.2%	7.4%
HV 20d	24.5%	22.0%	26.4%	24.7%	23.5%
HV 60d	31.5%	31.0%	32.3%	31.1%	32.2%
IV Rank	36.3%	8.3%	85.9%	9.1%	85.9%
IV Percentile	43.4%	4.4%	92.1%	5.6%	92.1%
Term Structure	3.9%	-2.5%	16.3%	0.3%	-2.5%
VWIV	28.0%	25.2%	31.5%	26.0%	27.1%
Skew 25d	0.1%	-0.7%	2.0%	-0.3%	1.1%
Skew 10d	0.6%	-0.8%	4.6%	0.2%	2.4%
Call IV 25d	31.8%	24.2%	46.7%	24.3%	45.4%
Put IV 25d	31.9%	23.8%	47.1%	23.9%	46.5%
Bid-Ask Spread %	41.32	20.10	52.65	20.10	45.28
Gamma HHI	0.05	0.03	0.15	0.05	0.04
Net GEX	190.2M	-196.4M	523.3M	263.5M	-123.8M
Net DEX	-12.96B	-16.59B	-8.26B	-13.39B	-8.26B
Net VEX	-34.0M	-35.7M	-32.9M	-33.5M	-34.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.77	0.44	1.04	0.56	0.83
Total Volume	790,210.476	379,840	1,480,750	803,490	606,430
Total OI	5,912,016.19	5,095,060	6,455,810	5,717,880	5,597,270

Daily Data (21 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
2024-12-02	$89.80	$77.00	23.7%	7.2%	24.7%	9.1%	26.0%	-0.3%	0.3%	263.5M	-13.39B	-33.5M	0.56	20.10	N/A	N/A	514,760	288,730	2,487,540	3,230,340
2024-12-03	$89.91	$77.00	23.5%	7.1%	24.6%	8.3%	25.2%	-0.2%	0.7%	289.0M	-13.46B	-33.5M	0.80	26.86	N/A	N/A	281,800	224,540	2,554,970	3,312,160
2024-12-04	$91.23	$77.50	23.7%	7.1%	24.7%	9.2%	25.6%	-0.4%	0.3%	406.0M	-14.80B	-33.2M	0.53	52.65	N/A	N/A	658,370	349,750	2,600,750	3,376,830
2024-12-05	$91.95	$64.00	24.1%	8.1%	24.2%	10.5%	29.1%	-0.3%	0.4%	447.6M	-15.39B	-33.4M	0.73	22.16	N/A	N/A	621,250	450,540	2,664,090	3,452,700
2024-12-06	$93.23	$64.00	23.8%	8.1%	23.8%	9.6%	29.1%	-0.6%	0.9%	523.3M	-16.59B	-33.4M	0.66	20.49	N/A	N/A	636,950	419,080	2,702,460	3,547,030
2024-12-09	$91.22	$64.00	25.3%	8.4%	25.7%	14.7%	30.0%	-0.4%	4.1%	198.2M	-13.54B	-33.7M	0.73	25.60	N/A	N/A	497,600	362,550	2,515,770	3,306,400
2024-12-10	$91.56	$64.00	25.5%	8.3%	25.6%	15.3%	29.7%	-0.6%	3.3%	241.6M	-14.07B	-33.6M	0.69	43.31	N/A	N/A	309,710	213,670	2,655,100	3,411,970
2024-12-11	$93.59	$64.50	25.7%	8.3%	25.8%	16.1%	29.9%	-0.3%	3.4%	440.6M	-16.22B	-32.9M	0.73	41.08	N/A	N/A	607,580	440,770	2,718,640	3,469,930
2024-12-12	$92.62	$65.00	26.5%	8.4%	26.1%	18.7%	29.8%	-0.5%	3.5%	264.6M	-14.82B	-33.8M	0.81	45.32	N/A	N/A	390,370	314,550	2,753,670	3,574,190
2024-12-13	$92.13	$65.00	25.8%	7.5%	26.4%	16.4%	26.7%	-0.7%	0.7%	184.0M	-14.19B	-34.2M	0.63	45.10	N/A	N/A	575,000	362,580	2,838,760	3,617,050
2024-12-16	$92.36	$65.00	26.6%	7.7%	25.0%	19.1%	27.6%	-0.6%	15.5%	232.5M	-14.24B	-34.1M	0.69	46.13	N/A	N/A	280,820	193,140	2,572,250	3,377,460
2024-12-17	$91.81	$65.00	26.6%	7.6%	23.3%	19.2%	27.8%	-0.3%	15.4%	183.2M	-13.70B	-34.6M	0.79	46.98	N/A	N/A	211,620	168,220	2,622,190	3,452,450
2024-12-18	$88.86	$65.00	30.4%	8.7%	24.7%	32.6%	31.5%	0.5%	14.0%	-4.4M	-10.64B	-35.7M	0.90	52.40	N/A	N/A	306,560	276,560	2,660,180	3,500,690
2024-12-19	$90.59	$65.00	33.1%	8.6%	25.3%	41.9%	30.5%	2.0%	14.9%	35.0M	-12.31B	-35.6M	0.90	46.57	N/A	N/A	335,950	301,100	2,694,500	3,551,100
2024-12-20	$91.06	$66.00	33.7%	7.9%	24.7%	44.0%	28.6%	1.9%	16.3%	122.8M	-12.95B	-34.8M	0.99	49.28	N/A	N/A	418,580	412,420	2,737,700	3,584,410
2024-12-23	$91.05	$66.00	40.2%	7.6%	24.7%	66.6%	27.8%	0.8%	-1.3%	95.9M	-10.62B	-33.1M	1.04	44.95	N/A	N/A	302,920	313,790	2,160,180	2,934,880
2024-12-24	$93.00	$66.00	42.0%	7.5%	22.0%	72.8%	27.1%	0.0%	-1.2%	239.2M	-12.35B	-33.7M	0.44	50.08	N/A	N/A	563,880	250,660	2,252,870	3,019,420
2024-12-26	$92.48	$67.00	45.0%	7.2%	22.2%	83.3%	25.8%	-0.2%	-2.4%	259.5M	-12.04B	-33.0M	0.90	48.97	N/A	N/A	564,970	508,090	2,368,930	3,068,080
2024-12-27	$90.48	$67.00	45.6%	7.5%	23.8%	85.4%	27.0%	0.5%	-2.2%	-196.4M	-9.28B	-35.1M	0.90	48.39	N/A	N/A	781,090	699,660	2,479,120	3,240,860
2024-12-30	$90.28	$67.50	45.1%	7.5%	23.4%	83.7%	26.9%	0.3%	-1.6%	-107.1M	-9.24B	-34.8M	0.91	46.08	N/A	N/A	303,180	274,630	2,312,320	3,175,130
2024-12-31	$89.29	$68.00	45.7%	7.4%	23.5%	85.9%	27.1%	1.1%	-2.5%	-123.8M	-8.26B	-34.9M	0.83	45.28	N/A	N/A	330,690	275,740	2,376,420	3,220,850