NFLX Options History — April 2025

In April 2025, NFLX traded between $86.24 and $112.48. ATM implied volatility averaged 48.8%, placing in the 61.8% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded below realized volatility by 1.7% (HV 20d: 50.5%). Max pain ranged from $91.50 to $99.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.80.

Notable Days

  • 2025-04-24: Highest Volume — 3,426,380 contracts
  • 2025-04-09: Largest IV drop — 24.4% change
  • 2025-04-03: Highest IV Rank — 100.0%
  • 2025-04-08: Largest Expected Move — 19.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$98.24$86.24$112.48$92.27$112.48
Max Pain$93.67$91.50$99.00$93.50$99.00
ATM IV48.8%33.6%71.6%50.0%33.9%
Expected Move13.6%9.9%19.4%13.1%10.0%
HV 20d50.5%43.7%55.2%55.0%48.5%
HV 60d44.7%42.1%47.4%42.1%45.3%
IV Rank61.8%24.7%100.0%98.3%25.3%
IV Percentile84.5%57.9%100.0%99.2%58.7%
Term Structure-1.8%-5.4%0.9%-2.3%0.4%
VWIV48.5%35.4%67.1%46.0%35.4%
Skew 25d8.6%4.0%17.0%5.7%4.0%
Skew 10d16.9%7.5%36.7%11.3%8.0%
Call IV 25d44.4%31.7%62.8%46.9%32.0%
Put IV 25d53.1%35.8%79.8%52.6%36.0%
Bid-Ask Spread %35.0522.7750.2022.7750.20
Gamma HHI0.070.010.810.020.06
Net GEX305.7M-115.2M3.07B-5.8M377.3M
Net DEX-8.14B-17.14B-922.1M-3.35B-15.25B
Net VEX-50.8M-53.2M-47.6M-47.6M-53.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.611.090.860.89
Total Volume1,636,777.619722,6103,426,380722,6101,088,440
Total OI5,381,211.9054,590,3306,817,3204,593,9705,898,100

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$92.27$93.5050.0%13.1%55.0%98.3%46.0%5.7%-2.3%-5.8M-3.35B-47.6M0.8622.77N/AN/A388,000334,6102,069,3302,524,640
2025-04-02$93.67$93.5049.0%12.9%55.2%94.9%45.4%5.6%-2.0%47.1M-4.43B-48.3M0.6825.77N/AN/A471,460321,5202,140,9102,602,430
2025-04-03$92.00$93.5053.1%14.1%43.7%100.0%48.4%6.7%-2.1%-16.5M-3.28B-48.6M0.8228.67N/AN/A840,050688,1402,199,6102,648,050
2025-04-04$86.86$94.0061.6%16.2%48.1%100.0%55.0%11.0%-5.4%-115.2M-922.1M-47.7M0.8824.67N/AN/A1,019,100900,7002,345,2002,714,080
2025-04-07$86.59$94.0067.7%18.0%47.2%100.0%62.6%14.2%-3.2%-14.6M-1.23B-48.6M0.9928.63N/AN/A523,590517,0802,088,0902,502,240
2025-04-08$86.24$93.0071.6%19.4%44.5%100.0%67.1%17.0%-3.3%-8.4M-1.41B-49.6M0.9127.51N/AN/A610,520557,6702,186,5802,660,300
2025-04-09$93.83$91.5054.1%14.8%53.5%65.4%55.8%14.5%-2.6%136.9M-5.95B-50.4M0.7735.47N/AN/A630,400488,4102,304,0902,805,290
2025-04-10$91.79$91.5061.0%17.0%52.7%79.0%60.4%15.0%-1.9%79.2M-4.56B-51.7M0.9235.85N/AN/A504,160462,0702,397,8502,903,130
2025-04-11$92.04$91.5057.4%16.0%51.9%71.9%56.3%14.5%-2.3%60.1M-4.72B-51.2M0.6329.41N/AN/A656,540414,8502,445,5703,011,990
2025-04-14$93.59$91.5052.7%14.9%49.2%62.5%52.8%10.9%-2.5%66.9M-5.49B-50.2M0.6234.00N/AN/A449,720276,8302,153,2102,751,520
2025-04-15$98.18$92.0052.3%14.9%50.8%61.8%53.3%8.4%-2.7%172.5M-8.78B-51.2M0.6126.99N/AN/A1,112,640681,0902,278,8602,834,560
2025-04-16$95.75$92.0053.5%15.3%50.3%64.2%54.6%8.9%-3.2%105.8M-6.93B-52.2M0.7331.10N/AN/A843,900612,7102,486,6403,056,670
2025-04-17$97.26$92.0049.6%14.3%50.5%56.4%51.7%7.9%-2.0%148.4M-8.13B-51.4M0.8233.47N/AN/A1,655,3801,355,1302,637,2803,184,340
2025-04-21$99.16$92.5042.6%12.4%50.9%42.6%45.6%7.0%-1.5%176.6M-8.39B-51.5M0.6633.21N/AN/A1,641,4201,078,1302,333,1002,860,890
2025-04-22$103.50$92.0039.0%11.3%52.8%35.4%39.5%6.2%-0.8%383.3M-12.09B-51.9M0.7139.55N/AN/A1,907,7201,356,6002,607,3303,128,150
2025-04-23$104.62$94.0037.6%10.9%52.1%32.6%39.3%6.0%-1.1%357.4M-12.19B-52.3M0.7240.76N/AN/A1,099,040788,9202,692,8703,359,540
2025-04-24$109.65$94.5036.3%10.5%53.1%30.2%38.3%5.4%-0.5%700.1M-17.14B-52.1M0.7940.86N/AN/A1,909,7501,516,6302,847,9003,494,630
2025-04-25$109.99$96.5034.7%10.0%53.1%26.9%36.1%4.4%-0.7%3.07B-17.06B-52.4M0.8450.12N/AN/A1,178,110991,2102,900,7903,916,530
2025-04-28$111.20$97.0034.2%10.2%49.0%25.9%37.8%4.0%0.9%327.2M-14.41B-52.0M1.0949.18N/AN/A652,450712,3002,354,4402,992,210
2025-04-29$112.30$98.0033.6%9.9%48.8%24.7%36.9%4.1%0.1%376.5M-15.28B-52.1M0.9047.91N/AN/A597,220538,1202,455,4503,231,060
2025-04-30$112.48$99.0033.9%10.0%48.5%25.3%35.4%4.0%0.4%377.3M-15.25B-53.2M0.8950.20N/AN/A575,850512,5902,531,0103,367,090