NFLX Options History — November 2025

In November 2025, NFLX traded between $104.02 and $116.08. ATM implied volatility averaged 31.1%, placing in the 17.9% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded below realized volatility by 8.7% (HV 20d: 39.8%). Max pain ranged from $10.00 to $114.00. Net GEX was positive for 7 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.64.

Notable Days

  • 2025-11-14: Highest Volume — 2,102,400 contracts
  • 2025-11-24: Largest IV drop — 9.4% change
  • 2025-11-20: Highest IV Rank — 27.4%
  • 2025-11-20: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$109.68$104.02$116.08$109.86$107.56
Max Pain$98.74$10.00$114.00$114.00$102.00
ATM IV31.1%28.7%36.6%31.7%28.7%
Expected Move9.1%8.4%10.6%9.5%8.6%
HV 20d39.8%29.4%46.1%45.6%33.3%
HV 60d32.6%31.0%34.5%31.5%34.1%
IV Rank17.9%10.9%27.4%21.0%10.9%
IV Percentile50.6%37.3%61.9%54.0%37.3%
Term Structure-0.3%-1.5%0.5%0.5%0.1%
VWIV32.1%30.0%36.8%34.2%30.5%
Skew 25d1.7%0.0%5.3%0.4%2.2%
Skew 10d3.1%0.1%8.6%0.4%4.6%
Call IV 25d30.7%27.8%35.1%32.3%27.8%
Put IV 25d32.4%29.8%39.5%32.7%30.0%
Bid-Ask Spread %39.4911.4569.6724.7711.45
Gamma HHI0.050.020.340.020.03
Net GEX37.7M-261.8M563.2M-53.8M56.1M
Net DEX-6.38B-14.72B22.0M-5.66B-5.95B
Net VEX-65.8M-74.5M-658.7K-73.8M-62.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.450.920.660.45
Total Volume856,620.316226,7062,102,4001,727,100226,706
Total OI6,871,744.684124,3237,932,4506,969,3406,462,255

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$109.86$114.0031.7%9.5%45.6%21.0%34.2%0.4%0.5%-53.8M-5.66B-73.8M0.6624.77N/AN/A1,038,810688,2903,457,0503,512,290
2025-11-04$108.95$113.5031.5%9.5%44.0%20.6%33.9%0.5%0.1%-90.3M-4.86B-74.5M0.9228.09N/AN/A497,460459,1803,703,6803,738,670
2025-11-05$109.54$113.5030.7%9.1%43.4%19.0%32.6%0.5%0.3%-34.3M-5.73B-74.3M0.5432.19N/AN/A616,250334,0403,803,1403,899,720
2025-11-06$109.37$100.5030.7%8.8%42.7%19.0%31.4%0.3%-0.0%-26.8M-5.76B-74.0M0.5860.95N/AN/A583,800338,6003,901,3503,966,790
2025-11-07$109.95$100.5030.4%8.7%42.9%18.4%31.2%0.3%-0.2%64.8M-6.88B-73.6M0.6460.57N/AN/A886,030569,2503,941,3803,991,070
2025-11-10$112.03$100.5029.4%8.5%43.7%16.5%30.7%0.6%0.1%178.2M-9.10B-72.3M0.7661.85N/AN/A620,270471,8403,506,7003,701,590
2025-11-11$113.69$100.5029.2%8.4%44.2%16.1%30.2%0.0%-0.0%294.6M-11.07B-72.6M0.5864.67N/AN/A617,580361,2003,606,1603,776,920
2025-11-12$116.08$100.5028.9%8.4%45.0%15.6%30.0%0.7%0.4%563.2M-14.72B-72.7M0.5365.92N/AN/A977,660517,9403,720,3603,868,620
2025-11-13$115.51$101.5030.0%8.6%44.5%15.9%30.5%1.0%0.0%501.0M-13.48B-72.3M0.6069.67N/AN/A729,990439,3103,737,9103,915,410
2025-11-14$111.54$101.5030.0%8.6%45.6%15.6%30.8%0.1%0.0%-119.3M-7.33B-70.4M0.8467.43N/AN/A1,141,440960,9603,755,7903,991,620
2025-11-17$110.36$10.0031.2%9.0%43.8%17.6%31.7%2.2%-1.0%-4.6M22.0M-658.7K0.6213.27N/AN/A243,951150,53319,606104,717
2025-11-18$114.31$102.5032.4%9.3%46.1%20.1%32.7%1.8%-0.8%209.4M-10.91B-71.1M0.5338.17N/AN/A350,831184,9603,446,3463,865,297
2025-11-19$110.09$102.5033.8%9.7%29.4%22.3%33.9%3.0%-1.5%-40.3M-6.23B-69.0M0.6133.21N/AN/A253,647154,3753,450,1703,867,127
2025-11-20$105.72$102.5036.6%10.6%32.6%27.4%36.8%4.4%-1.4%-224.7M-1.89B-66.4M0.8412.37N/AN/A292,633245,0993,479,8693,885,121
2025-11-21$104.74$102.5033.5%9.7%32.3%20.7%33.2%5.3%-1.3%-261.8M-1.63B-64.5M0.8253.04N/AN/A264,211216,9433,493,6063,819,835
2025-11-24$104.55$102.5030.3%9.0%32.3%14.2%31.7%3.9%-0.1%-137.0M-2.86B-61.5M0.6812.12N/AN/A181,429122,4632,889,5433,437,676
2025-11-25$104.02$102.5031.2%9.2%31.9%16.2%32.5%2.2%-0.6%-133.8M-2.64B-61.4M0.4629.01N/AN/A174,95179,7702,937,5363,465,314
2025-11-26$105.98$102.5029.8%8.8%32.8%13.1%30.9%2.6%-0.4%-25.3M-4.55B-62.6M0.5811.58N/AN/A179,633103,7512,990,8113,452,100
2025-11-28$107.56$102.0028.7%8.6%33.3%10.9%30.5%2.2%0.1%56.1M-5.95B-62.5M0.4511.45N/AN/A156,49270,2143,017,4853,444,770