NFLX Options History — July 2025

In July 2025, NFLX traded between $116.63 and $129.85. ATM implied volatility averaged 34.7%, placing in the 26.9% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 7.8% (HV 20d: 26.9%). Max pain ranged from $120.00 to $125.50. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.93.

Notable Days

  • 2025-07-18: Highest Volume — 5,446,670 contracts
  • 2025-07-18: Largest IV drop — 31.1% change
  • 2025-07-01: Highest IV Rank — 44.9%
  • 2025-07-02: Largest Expected Move — 14.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$123.30$116.63$129.85$129.43$116.63
Max Pain$123.86$120.00$125.50$120.00$122.00
ATM IV34.7%25.3%43.8%43.8%25.8%
Expected Move9.9%7.2%14.7%14.7%7.3%
HV 20d26.9%22.9%33.3%23.1%28.7%
HV 60d27.2%25.1%33.8%33.8%25.8%
IV Rank26.9%8.4%44.9%44.9%9.3%
IV Percentile49.7%17.9%79.8%79.8%25.8%
Term Structure-1.1%-2.6%0.4%-2.0%-0.4%
VWIV34.7%23.2%51.2%51.1%23.2%
Skew 25d1.6%0.6%2.4%1.4%2.3%
Skew 10d3.0%1.1%4.2%3.5%3.5%
Call IV 25d34.0%25.0%42.5%42.5%25.0%
Put IV 25d35.6%26.3%44.5%43.9%27.3%
Bid-Ask Spread %57.4341.4773.0351.2172.55
Gamma HHI0.030.020.150.020.03
Net GEX-103.7M-515.6M253.5M-31.8M-385.8M
Net DEX-8.70B-14.53B-3.06B-12.91B-4.12B
Net VEX-58.7M-60.4M-53.9M-60.0M-59.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.632.430.862.43
Total Volume1,498,075587,9305,446,6701,640,9201,489,520
Total OI6,084,469.0915,407,2307,023,8205,596,9406,452,290

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$129.43$120.0043.8%14.7%23.1%44.9%51.1%1.4%-2.0%-31.8M-12.91B-60.0M0.8651.21N/AN/A880,390760,5302,379,3103,217,630
2025-07-02$128.35$120.0043.4%14.7%23.4%44.2%51.2%1.4%-2.5%-59.2M-11.93B-60.4M0.6649.11N/AN/A742,650493,2302,545,6503,301,210
2025-07-03$129.85$125.5042.0%11.2%22.9%41.4%38.3%1.2%-2.1%253.5M-14.53B-60.3M0.6351.17N/AN/A650,700413,0902,689,9803,342,350
2025-07-07$128.97$125.0043.3%11.6%22.9%43.9%39.9%1.7%-1.9%116.3M-12.91B-58.2M0.8552.40N/AN/A347,880294,2702,329,6503,077,580
2025-07-08$126.62$125.5042.4%11.4%23.7%42.1%40.2%2.0%-2.0%-26.1M-10.60B-58.2M0.8553.64N/AN/A504,430428,0402,407,0803,173,910
2025-07-09$128.42$125.0041.5%11.3%23.1%40.5%39.5%1.5%-2.1%157.7M-12.63B-57.7M0.6956.93N/AN/A404,760279,2902,474,3103,261,910
2025-07-10$125.31$125.5042.0%11.4%23.9%41.4%40.3%1.6%-2.3%-171.6M-9.34B-57.9M0.9250.09N/AN/A903,960833,0002,542,3003,329,210
2025-07-11$124.35$125.0042.6%11.7%23.6%42.6%41.1%2.4%-2.3%-323.7M-9.04B-59.4M0.7555.69N/AN/A1,154,020870,7402,732,2503,387,210
2025-07-14$126.26$125.0041.5%11.7%24.1%40.4%39.7%2.2%-1.4%55.8M-11.19B-58.1M1.1356.22N/AN/A382,210431,5102,350,4303,183,070
2025-07-15$126.16$125.5041.1%11.7%24.0%39.6%41.0%1.8%-1.2%44.4M-10.87B-58.9M0.8755.76N/AN/A313,780274,1502,473,5503,337,340
2025-07-16$125.71$125.5040.2%11.5%23.9%37.9%40.2%1.3%-2.6%34.3M-10.62B-57.9M0.8050.90N/AN/A351,830281,3702,545,8403,411,980
2025-07-17$127.31$125.0039.6%11.4%24.2%36.6%40.1%0.6%-2.0%110.3M-12.40B-57.1M0.9241.47N/AN/A1,113,5301,027,7102,654,0703,492,620
2025-07-18$120.82$125.0027.3%7.8%31.0%12.3%27.8%1.3%0.2%-431.5M-4.40B-53.9M0.9452.03N/AN/A2,810,7702,635,9003,101,5503,866,920
2025-07-21$123.34$124.0025.5%7.2%31.8%8.7%26.0%1.1%0.3%79.2M-9.83B-57.6M0.8941.51N/AN/A959,530849,4602,639,0703,080,210
2025-07-22$119.19$124.0026.8%7.7%33.3%11.3%26.8%1.5%0.4%-280.5M-5.07B-58.0M1.1959.98N/AN/A865,4901,028,1002,827,3303,252,110
2025-07-23$117.70$123.5026.6%7.6%32.4%11.0%27.2%1.7%0.1%-515.6M-3.06B-59.4M0.9357.09N/AN/A895,000833,7003,050,6203,446,110
2025-07-24$118.14$123.5025.7%7.3%32.5%9.2%25.9%1.3%0.3%-281.5M-4.62B-59.4M1.2866.19N/AN/A1,049,9201,346,4803,275,9203,552,920
2025-07-25$118.06$123.0025.3%7.2%30.9%8.4%25.7%1.5%0.4%-111.7M-5.65B-60.3M0.6971.82N/AN/A886,260614,4803,450,5803,573,240
2025-07-28$116.96$122.5025.8%7.4%30.2%9.4%26.2%1.6%-0.2%-197.9M-4.67B-59.0M0.6472.52N/AN/A660,320423,6902,752,0403,254,230
2025-07-29$116.96$122.5025.7%7.4%29.6%9.0%26.3%1.6%-0.1%-226.3M-4.58B-59.7M0.8273.03N/AN/A423,270348,7502,889,5203,367,690
2025-07-30$118.14$122.5025.5%7.3%28.5%8.7%25.8%1.6%-0.0%-89.3M-6.36B-59.9M0.7972.25N/AN/A392,030307,9102,950,1803,435,350
2025-07-31$116.63$122.0025.8%7.3%28.7%9.3%23.2%2.3%-0.4%-385.8M-4.12B-59.4M2.4372.55N/AN/A434,6201,054,9002,993,8403,458,450