NFLX Options History — January 2026

In January 2026, NFLX traded between $83.06 and $91.62. ATM implied volatility averaged 39.3%, placing in the 31.8% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 18.4% (HV 20d: 20.9%). Max pain ranged from $88.00 to $100.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.70.

Notable Days

  • 2026-01-22: Highest Volume — 1,555,101 contracts
  • 2026-01-21: Largest IV drop — 34.4% change
  • 2026-01-20: Highest IV Rank — 51.5%
  • 2026-01-20: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$87.64$83.06$91.62$91.22$83.50
Max Pain$93.50$88.00$100.00$90.00$88.00
ATM IV39.3%29.5%48.6%41.8%29.7%
Expected Move10.6%7.7%13.8%7.7%8.3%
HV 20d20.9%16.4%26.1%25.9%24.1%
HV 60d32.4%27.5%35.9%35.9%28.8%
IV Rank31.8%11.0%51.5%37.1%11.5%
IV Percentile69.5%35.7%94.0%70.6%36.5%
Term Structure-1.0%-3.2%1.6%-2.0%0.7%
VWIV37.2%27.4%48.1%27.4%29.3%
Skew 25d0.0%-1.0%1.0%0.1%0.6%
Skew 10d0.5%-1.5%1.6%1.2%0.2%
Call IV 25d39.5%29.5%48.1%42.4%29.5%
Put IV 25d39.5%30.0%48.0%42.5%30.1%
Bid-Ask Spread %22.115.0946.785.0934.37
Gamma HHI0.050.040.090.040.06
Net GEX949.1K-93.1M113.4M-93.1M-20.4M
Net DEX547.9M-882.6M2.91B820.8M1.19B
Net VEX-57.4M-63.4M-51.7M-51.7M-60.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.342.610.490.53
Total Volume684,744.15374,9341,555,101646,147404,267
Total OI5,622,930.74,612,2126,332,7235,579,9055,504,520

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$91.22$90.0041.8%7.7%25.9%37.1%27.4%0.1%-2.0%-93.1M820.8M-51.7M0.495.09N/AN/A433,989212,1582,720,8802,859,025
2026-01-05$91.62$100.0043.6%11.3%26.1%40.8%39.4%0.7%-2.1%-31.0M164.0M-52.6M0.678.90N/AN/A272,155183,4802,668,1592,859,648
2026-01-06$90.66$100.0043.6%11.2%24.6%40.8%39.5%-0.2%-2.1%-47.8M578.6M-52.4M0.757.87N/AN/A238,014178,7512,749,2642,900,101
2026-01-07$90.47$100.0044.3%11.7%22.1%42.3%40.8%1.0%-2.2%-25.1M366.1M-52.8M0.6439.22N/AN/A228,510146,4242,824,6322,916,947
2026-01-08$90.47$100.0045.2%11.9%22.1%44.3%41.6%0.4%-2.1%-17.8M282.1M-53.4M1.1438.68N/AN/A302,248344,5952,864,4952,927,164
2026-01-09$89.22$96.0045.5%12.1%17.2%44.8%42.1%-0.4%-2.5%-56.5M886.9M-52.7M0.3422.93N/AN/A716,670244,1232,934,1622,933,181
2026-01-12$89.69$95.0045.4%12.2%16.9%44.6%42.7%0.7%-1.9%43.0M-237.7M-58.0M0.9316.79N/AN/A259,980242,0083,108,8972,930,725
2026-01-13$90.32$95.0046.7%12.8%16.4%47.5%44.5%-1.0%-1.6%73.7M-882.6M-60.0M0.8046.78N/AN/A276,533219,9823,183,8082,969,061
2026-01-14$88.41$95.0047.6%13.0%17.1%49.2%45.6%0.1%-2.0%16.7M386.1M-58.4M0.3729.68N/AN/A401,970150,5083,239,7792,988,960
2026-01-15$88.06$95.0046.8%12.7%16.5%47.7%44.7%-0.4%-3.2%12.0M419.3M-59.1M2.6118.54N/AN/A303,721793,6853,311,5093,021,214
2026-01-16$88.09$95.0044.9%12.4%16.4%43.5%43.5%0.1%-2.4%-39.5M-311.3M-58.9M0.4920.27N/AN/A300,628148,5363,362,7572,956,557
2026-01-20$88.03$95.0048.6%13.8%16.4%51.5%48.1%-0.1%-2.1%30.2M188.0M-59.7M0.489.70N/AN/A549,117261,0222,389,3742,222,838
2026-01-21$84.93$92.0031.9%9.2%19.3%16.2%32.4%0.7%0.3%-65.3M2.49B-52.8M0.5430.90N/AN/A1,007,328542,1062,662,6572,357,634
2026-01-22$83.10$90.0030.4%8.7%19.6%13.1%31.0%0.4%-0.1%-81.4M2.91B-54.4M0.5815.58N/AN/A984,661570,4402,883,5542,458,926
2026-01-23$85.87$90.0030.1%8.6%23.8%12.4%30.3%-0.3%0.7%113.4M-247.0M-62.6M0.478.54N/AN/A626,141292,6693,149,2232,441,943
2026-01-26$86.02$89.0030.2%8.5%23.8%12.5%30.4%-0.3%0.4%85.2M-279.1M-63.4M0.425.67N/AN/A271,920114,9712,837,4072,325,099
2026-01-27$85.28$89.0030.0%8.4%23.3%12.1%30.2%-0.1%1.3%76.1M184.4M-62.0M0.4317.34N/AN/A266,340115,2492,919,4562,353,222
2026-01-28$84.75$88.0029.5%8.3%23.2%11.0%29.8%-0.3%1.2%70.4M368.8M-61.5M0.3636.90N/AN/A283,377101,5582,962,9542,372,123
2026-01-29$83.06$88.0030.1%8.5%23.8%12.3%30.6%-0.5%1.6%-23.8M1.68B-60.3M1.0028.38N/AN/A351,895353,1542,995,0002,391,759
2026-01-30$83.50$88.0029.7%8.3%24.1%11.5%29.3%0.6%0.7%-20.4M1.19B-60.6M0.5334.37N/AN/A264,835139,4323,071,3412,433,179