NFLX Options History — October 2025

In October 2025, NFLX traded between $109.37 and $124.09. ATM implied volatility averaged 38.0%, placing in the 33.5% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 7.7% (HV 20d: 30.3%). Max pain ranged from $114.00 to $120.00. Net GEX was positive for 11 of 23 trading days. Term structure was in contango for 2 of 23 days. Put/call ratio averaged 0.87.

Notable Days

  • 2025-10-22: Highest Volume — 4,888,560 contracts
  • 2025-10-22: Largest IV drop — 23.7% change
  • 2025-10-16: Highest IV Rank — 46.9%
  • 2025-10-16: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$116.74$109.37$124.09$116.93$111.96
Max Pain$118.45$114.00$120.00$120.00$114.00
ATM IV38.0%28.0%44.8%43.6%29.8%
Expected Move10.1%8.2%12.3%8.9%8.8%
HV 20d30.3%20.0%45.2%25.6%45.2%
HV 60d27.2%22.5%32.3%25.8%31.9%
IV Rank33.5%13.7%46.9%44.5%17.3%
IV Percentile66.6%42.9%86.9%82.5%50.0%
Term Structure-1.7%-2.7%0.3%-2.5%0.3%
VWIV35.6%28.9%43.0%31.6%31.9%
Skew 25d1.2%-1.0%2.2%2.1%-1.0%
Skew 10d2.0%-2.7%4.2%2.7%-2.7%
Call IV 25d37.6%28.3%44.2%42.6%31.1%
Put IV 25d38.9%28.7%46.2%44.7%30.1%
Bid-Ask Spread %24.2811.1151.3828.4028.55
Gamma HHI0.040.020.180.020.05
Net GEX-26.7M-896.3M539.2M-261.2M415.4M
Net DEX-7.68B-14.97B286.5M-5.23B-9.09B
Net VEX-63.7M-74.2M-57.1M-59.5M-74.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.451.870.940.57
Total Volume1,656,822.174510,1404,888,5601,384,5003,145,530
Total OI6,455,336.5225,233,2208,303,0805,506,7607,743,330

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$116.93$120.0043.6%8.9%25.6%44.5%31.6%2.1%-2.5%-261.2M-5.23B-59.5M0.9428.40N/AN/A715,010669,4902,430,3503,076,410
2025-10-02$116.31$120.0044.7%9.1%23.0%46.8%33.1%2.2%-2.7%-317.0M-4.90B-61.2M1.3347.69N/AN/A943,7001,254,7202,615,3203,274,520
2025-10-03$115.36$119.2544.0%8.5%23.0%45.4%30.4%1.9%-2.6%-338.3M-4.57B-61.7M1.1151.38N/AN/A776,710861,7502,779,3703,564,340
2025-10-06$115.82$120.0044.1%11.3%23.1%45.6%40.3%1.5%-2.4%-83.1M-6.10B-60.9M1.0615.04N/AN/A373,630395,3202,561,2103,224,550
2025-10-07$119.27$120.0042.8%11.1%25.2%43.0%39.2%1.7%-2.1%192.8M-10.02B-61.6M0.7011.11N/AN/A667,180468,0602,649,4703,318,320
2025-10-08$121.38$120.0041.8%10.9%26.2%41.1%38.7%1.1%-2.1%390.3M-12.49B-62.0M0.8315.55N/AN/A502,120414,6102,717,2003,359,990
2025-10-09$123.37$120.0041.5%10.9%22.8%40.5%38.4%0.8%-2.7%539.2M-14.97B-60.0M0.8922.03N/AN/A662,420590,5302,767,2703,395,500
2025-10-10$122.40$120.0042.3%11.2%22.0%42.0%39.6%1.9%-2.4%395.2M-13.29B-63.2M1.0016.38N/AN/A730,820731,7502,838,2703,472,420
2025-10-13$122.13$120.0041.9%11.2%21.4%41.3%40.0%1.7%-2.0%207.9M-11.59B-60.4M0.9123.00N/AN/A300,960273,5802,593,3903,099,580
2025-10-14$121.07$120.0041.9%11.4%21.6%41.2%39.9%1.4%-1.9%119.4M-10.49B-60.7M0.7128.39N/AN/A298,530211,6102,649,4803,173,170
2025-10-15$120.59$120.0042.3%11.5%20.0%42.0%40.3%1.5%-2.2%89.7M-10.11B-61.0M0.7019.12N/AN/A336,250236,4702,721,8803,228,110
2025-10-16$118.15$120.0044.8%12.3%20.3%46.9%43.0%2.0%-2.4%-196.4M-7.26B-61.5M0.9419.86N/AN/A626,120587,6902,794,3703,276,960
2025-10-17$119.96$120.0043.7%12.0%20.4%44.7%41.9%2.2%-2.6%254.8M-10.23B-60.7M0.8918.09N/AN/A605,320540,5702,907,7303,341,050
2025-10-20$123.74$119.5041.2%11.6%23.4%39.8%40.6%1.6%-1.9%156.1M-12.50B-59.6M0.8925.38N/AN/A589,320526,0202,417,6502,815,570
2025-10-21$124.09$120.0040.7%11.6%23.3%38.9%40.2%0.3%-2.5%164.3M-12.96B-61.1M0.8620.45N/AN/A1,134,530978,1902,615,1003,039,370
2025-10-22$111.63$120.0031.1%8.9%44.3%19.8%31.5%1.5%-1.0%-514.7M286.5M-57.1M0.8722.91N/AN/A2,609,4202,279,1403,249,1903,572,650
2025-10-23$111.70$117.5028.8%8.3%44.2%15.3%28.9%1.6%-0.5%-441.2M-1.69B-65.7M1.8719.73N/AN/A1,644,7003,070,9903,995,7503,899,350
2025-10-24$109.72$116.0028.8%8.3%44.4%15.4%29.7%0.8%-0.7%-896.3M-1.17B-67.1M0.7218.26N/AN/A1,756,9501,256,8304,396,2003,906,880
2025-10-27$109.50$115.0028.7%8.4%44.4%15.2%29.8%0.5%-0.5%-151.9M-3.76B-69.5M0.5425.66N/AN/A812,650440,0403,384,8803,422,030
2025-10-28$110.62$115.0028.9%8.4%44.7%15.5%29.9%0.7%-1.0%-11.1M-5.68B-71.4M0.4522.95N/AN/A837,090379,5103,654,6103,554,420
2025-10-29$109.86$114.0028.9%8.5%44.3%15.6%30.5%0.2%-0.1%-109.3M-4.74B-72.4M0.5531.37N/AN/A475,040259,3803,782,4003,643,110
2025-10-30$109.37$114.0028.0%8.2%44.3%13.7%29.4%0.4%0.2%-218.8M-4.22B-71.4M0.7227.06N/AN/A661,240475,4203,860,6503,689,370
2025-10-31$111.96$114.0029.8%8.8%45.2%17.3%31.9%-1.0%0.3%415.4M-9.09B-74.2M0.5728.55N/AN/A2,008,3401,137,1903,959,8303,783,500