NFLX Options History — March 2025 In March 2025, NFLX traded between $86.31 and $99.64. ATM implied volatility averaged 42.1%, placing in the 73.1% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded below realized volatility by 4.5% (HV 20d: 46.6%). Max pain ranged from $88.50 to $95.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.87.
Notable Days 2025-03-07 : Highest Volume — 2,449,980 contracts2025-03-06 : Largest IV spike — 18.5% change2025-03-28 : Highest IV Rank — 100.0%2025-03-10 : Largest Expected Move — 14.3%Monthly Statistics Metric Avg Min Max Open Close Price $94.04 $86.31 $99.64 $96.58 $93.05 Max Pain $92.29 $88.50 $95.00 $90.50 $94.00 ATM IV 42.1% 32.6% 50.4% 35.1% 50.4% Expected Move 12.0% 9.9% 14.3% 10.7% 13.1% HV 20d 46.6% 26.9% 55.3% 26.9% 55.3% HV 60d 38.5% 31.1% 42.2% 31.1% 42.1% IV Rank 73.1% 40.1% 100.0% 48.9% 100.0% IV Percentile 77.5% 62.7% 100.0% 65.1% 100.0% Term Structure 1.0% -3.3% 6.5% -0.5% -2.7% VWIV 42.1% 34.7% 50.1% 37.3% 46.0% Skew 25d 5.6% 4.2% 7.2% 4.5% 6.1% Skew 10d 10.8% 8.8% 13.7% 8.8% 12.1% Call IV 25d 39.0% 30.7% 47.3% 32.7% 46.2% Put IV 25d 44.6% 34.9% 54.4% 37.3% 52.3% Bid-Ask Spread % 34.29 20.53 52.03 50.81 22.36 Gamma HHI 0.03 0.02 0.07 0.02 0.02 Net GEX 28.3M -166.6M 278.5M -16.5M 5.8M Net DEX -4.87B -8.66B 412.6M -5.05B -3.70B Net VEX -46.6M -47.9M -44.0M -44.6M -47.9M Div Yield 0.0% 0.0% 0.0% 0.0% 0.0% P/C Ratio 0.87 0.61 1.13 1.05 0.90 Total Volume 1,158,278.571 621,510 2,449,980 621,510 793,590 Total OI 5,027,926.19 4,273,530 5,708,900 4,544,700 4,442,980
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 2025-03-03 $96.58 $90.50 35.1% 10.7% 26.9% 48.9% 37.3% 4.5% -0.5% -16.5M -5.05B -44.6M 1.05 50.81 N/A N/A 303,700 317,810 1,983,130 2,561,570 2025-03-04 $97.82 $90.50 34.2% 10.3% 27.3% 45.8% 35.7% 4.7% -0.3% 19.9M -5.99B -44.0M 0.67 48.44 N/A N/A 499,050 334,010 2,060,990 2,639,380 2025-03-05 $99.00 $90.00 32.6% 9.9% 27.4% 40.1% 34.7% 4.2% 0.0% 107.5M -7.50B -45.0M 0.69 52.03 N/A N/A 472,500 325,640 2,163,070 2,698,740 2025-03-06 $90.05 $90.50 38.6% 12.2% 42.7% 61.1% 41.5% 5.9% -0.7% -164.9M -314.6M -44.5M 0.83 42.16 N/A N/A 1,161,870 963,800 2,230,970 2,799,460 2025-03-07 $88.66 $90.00 38.3% 11.9% 42.6% 60.0% 41.1% 6.0% -0.5% -151.4M 412.6M -45.1M 1.05 45.45 N/A N/A 1,197,630 1,252,350 2,481,130 2,919,280 2025-03-10 $86.31 $90.00 42.2% 14.3% 43.1% 73.4% 50.1% 6.9% 4.6% -99.4M 293.2M -45.2M 0.99 38.92 N/A N/A 540,490 535,190 2,194,390 2,812,510 2025-03-11 $90.01 $89.00 41.0% 13.4% 46.0% 69.5% 47.0% 6.5% 4.1% -11.5M -2.76B -47.6M 0.76 40.06 N/A N/A 569,040 431,710 2,320,960 2,852,900 2025-03-12 $92.09 $89.00 37.8% 12.1% 46.9% 58.1% 43.5% 6.4% 5.8% 53.8M -4.49B -47.7M 0.91 44.63 N/A N/A 480,900 439,250 2,387,550 2,930,900 2025-03-13 $89.08 $89.00 41.2% 12.8% 47.4% 70.2% 44.7% 6.7% 5.4% -72.3M -1.95B -47.0M 1.13 44.73 N/A N/A 373,400 423,040 2,438,360 3,019,850 2025-03-14 $91.44 $88.50 38.6% 10.3% 47.9% 60.8% 36.3% 5.5% 6.5% 13.2M -4.30B -46.5M 0.73 39.01 N/A N/A 604,770 443,000 2,486,340 3,031,700 2025-03-17 $95.96 $95.00 42.5% 12.1% 51.1% 74.7% 43.0% 5.1% 1.6% 128.7M -7.45B -47.0M 0.71 25.05 N/A N/A 829,220 590,230 2,222,720 2,796,420 2025-03-18 $92.98 $95.00 45.4% 12.4% 51.1% 84.8% 43.6% 5.6% 1.5% -15.9M -4.91B -47.6M 0.85 20.53 N/A N/A 510,560 435,220 2,362,210 2,933,570 2025-03-19 $96.20 $95.00 43.6% 11.9% 52.6% 78.5% 42.6% 5.0% 2.4% 171.7M -8.00B -47.7M 0.98 23.25 N/A N/A 671,320 656,680 2,444,930 3,001,910 2025-03-20 $95.32 $95.00 44.3% 12.0% 52.5% 80.8% 41.6% 4.8% 2.5% 62.6M -7.20B -47.5M 0.99 24.11 N/A N/A 528,240 520,980 2,506,740 3,097,460 2025-03-21 $95.53 $95.00 44.0% 11.8% 52.1% 79.9% 42.2% 5.1% 2.4% 15.2M -7.51B -47.1M 0.97 22.37 N/A N/A 651,410 630,830 2,559,320 3,149,580 2025-03-24 $96.95 $95.00 44.9% 11.6% 52.4% 82.8% 41.1% 5.4% -1.4% 145.0M -6.60B -46.2M 0.76 27.20 N/A N/A 524,700 398,180 1,923,640 2,349,890 2025-03-25 $99.64 $95.00 45.5% 11.7% 52.9% 85.1% 42.0% 5.2% -2.1% 278.5M -8.66B -46.5M 0.74 28.20 N/A N/A 661,210 487,000 2,011,750 2,456,760 2025-03-26 $96.96 $94.00 47.2% 11.9% 53.5% 90.9% 42.2% 5.0% -2.2% 96.7M -6.32B -47.6M 1.10 28.32 N/A N/A 457,850 502,210 2,097,590 2,558,580 2025-03-27 $97.97 $94.00 46.8% 12.0% 52.7% 89.4% 42.7% 5.5% -1.9% 193.6M -7.23B -47.8M 0.61 29.17 N/A N/A 625,450 380,080 2,153,690 2,607,450 2025-03-28 $93.29 $94.00 50.1% 12.7% 55.3% 100.0% 44.9% 7.2% -3.3% -166.6M -2.99B -47.4M 0.90 23.27 N/A N/A 947,450 852,290 2,236,200 2,659,880 2025-03-31 $93.05 $94.00 50.4% 13.1% 55.3% 100.0% 46.0% 6.1% -2.7% 5.8M -3.70B -47.9M 0.90 22.36 N/A N/A 417,890 375,700 1,992,030 2,450,950
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