NFLX Options History — August 2025

In August 2025, NFLX traded between $114.53 and $124.61. ATM implied volatility averaged 25.6%, placing in the 8.9% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 1.2% (HV 20d: 26.8%). Max pain ranged from $110.00 to $121.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.78.

Notable Days

  • 2025-08-08: Highest Volume — 2,122,390 contracts
  • 2025-08-04: Largest IV drop — 7.6% change
  • 2025-08-01: Highest IV Rank — 11.9%
  • 2025-08-05: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$120.68$114.53$124.61$115.75$120.81
Max Pain$113.38$110.00$121.00$121.00$114.00
ATM IV25.6%24.3%27.1%27.1%25.0%
Expected Move7.3%6.8%7.7%7.6%7.0%
HV 20d26.8%23.0%32.1%28.0%24.1%
HV 60d25.6%25.0%26.5%25.9%25.4%
IV Rank8.9%6.3%11.9%11.9%7.8%
IV Percentile22.8%6.3%37.3%37.3%11.5%
Term Structure0.2%-0.2%0.7%-0.2%0.3%
VWIV26.0%24.3%26.8%26.6%25.3%
Skew 25d2.6%1.6%3.4%2.3%3.1%
Skew 10d4.7%3.8%6.2%4.2%5.4%
Call IV 25d24.7%23.6%26.3%26.3%23.9%
Put IV 25d27.2%25.7%28.6%28.6%26.9%
Bid-Ask Spread %51.5729.0569.8269.8248.26
Gamma HHI0.040.020.110.070.11
Net GEX78.6M-741.3M497.6M-741.3M-510.3M
Net DEX-9.91B-14.73B-2.95B-3.28B-8.45B
Net VEX-57.8M-59.4M-56.4M-59.4M-56.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.571.300.960.87
Total Volume1,068,578.571437,0302,122,3901,461,2501,588,420
Total OI5,760,245.7144,977,6206,515,1106,515,1105,633,380

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$115.75$121.0027.1%7.6%28.0%11.9%26.6%2.3%-0.2%-741.3M-3.28B-59.4M0.9669.82N/AN/A746,970714,2803,054,7503,460,360
2025-08-04$116.92$110.0025.0%7.4%28.5%7.8%25.8%2.5%0.5%-183.9M-5.64B-58.5M0.8549.81N/AN/A290,550247,3202,560,9003,239,750
2025-08-05$114.53$110.0026.4%7.7%28.7%10.6%26.7%3.4%0.7%-342.7M-2.95B-57.7M1.3052.50N/AN/A486,820633,8202,637,1503,320,750
2025-08-06$117.59$112.0025.1%7.4%30.1%8.0%25.8%2.9%0.3%22.9M-7.71B-59.2M0.6653.65N/AN/A609,240403,6402,747,9703,329,190
2025-08-07$117.65$112.0026.0%7.6%29.2%9.8%26.6%3.3%0.3%73.4M-7.83B-59.1M0.9554.51N/AN/A438,870415,8802,805,4003,359,750
2025-08-08$121.11$112.0025.7%7.5%31.2%9.1%26.3%2.1%0.5%445.5M-13.57B-59.0M0.6857.77N/AN/A1,261,410860,9802,897,2303,406,400
2025-08-11$121.80$112.0026.0%7.5%30.7%9.7%26.7%1.6%-0.2%200.3M-11.93B-58.2M0.6957.74N/AN/A471,240325,4902,628,3703,186,570
2025-08-12$122.48$112.0024.9%7.2%30.9%7.7%25.3%2.3%0.1%278.2M-12.73B-57.0M0.9058.51N/AN/A478,720430,5802,704,1703,262,670
2025-08-13$120.49$112.0025.6%7.3%31.3%8.9%25.7%2.4%-0.1%-54.5M-9.81B-57.6M0.7358.61N/AN/A496,240362,9802,745,6603,364,970
2025-08-14$123.25$114.0025.5%7.3%32.1%8.7%25.9%2.1%-0.1%466.8M-14.11B-57.3M0.6156.35N/AN/A1,051,930644,0202,832,5203,436,140
2025-08-15$123.89$114.0025.2%7.3%26.0%8.2%26.0%2.0%0.4%497.6M-14.73B-56.8M0.6569.38N/AN/A834,730538,8502,867,6703,486,680
2025-08-18$124.61$114.0025.3%7.3%25.0%8.4%26.1%2.1%0.2%334.0M-12.82B-56.5M0.8541.00N/AN/A366,060310,6602,278,7202,698,900
2025-08-19$121.26$114.0026.2%7.5%23.8%10.1%26.8%2.5%0.2%18.1M-9.43B-57.2M0.7350.09N/AN/A636,250465,4702,339,2502,807,200
2025-08-20$121.42$114.0026.0%7.4%23.3%9.7%26.2%3.1%0.2%64.2M-9.82B-58.7M0.6544.48N/AN/A495,810321,9502,474,3502,943,590
2025-08-21$120.75$114.0026.2%7.5%23.4%10.1%25.6%3.2%0.3%22.6M-9.31B-58.8M0.8757.81N/AN/A422,610368,4002,512,3602,973,650
2025-08-22$120.13$114.0025.4%7.3%23.5%8.6%25.7%3.0%0.4%-193.1M-8.70B-57.9M0.8052.73N/AN/A840,350668,1602,566,2103,023,020
2025-08-25$121.99$114.0025.4%7.3%23.7%8.6%26.3%2.4%0.5%208.5M-10.83B-57.4M0.7142.59N/AN/A647,860457,0102,314,2702,842,840
2025-08-26$122.55$114.0025.6%7.2%23.7%9.0%26.2%2.5%-0.1%287.7M-11.37B-57.3M0.6630.71N/AN/A263,380173,6502,405,3602,936,320
2025-08-27$122.21$114.0025.6%7.2%23.6%9.0%25.6%2.9%0.1%275.5M-10.96B-57.1M0.5747.56N/AN/A355,210203,9802,439,6602,969,290
2025-08-28$123.17$114.0024.3%6.8%23.0%6.3%24.3%2.1%0.1%482.1M-12.13B-56.4M0.6429.05N/AN/A676,770433,5902,474,9002,996,870
2025-08-29$120.81$114.0025.0%7.0%24.1%7.8%25.3%3.1%0.3%-510.3M-8.45B-56.5M0.8748.26N/AN/A847,900740,5202,523,4603,109,920