NFLX Options History — February 2026

In February 2026, NFLX traded between $75.93 and $96.49. ATM implied volatility averaged 37.9%, placing in the 28.8% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 6.0% (HV 20d: 31.9%). Max pain ranged from $84.00 to $90.00. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.63.

Notable Days

  • 2026-02-27: Highest Volume — 2,849,248 contracts
  • 2026-02-12: Largest IV spike — 11.5% change
  • 2026-02-23: Highest IV Rank — 37.3%
  • 2026-02-25: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$80.53$75.93$96.49$82.98$96.49
Max Pain$86.63$84.00$90.00$88.00$85.00
ATM IV37.9%31.0%41.9%31.0%39.0%
Expected Move11.0%8.7%12.3%8.7%11.5%
HV 20d31.9%22.6%60.3%22.6%60.3%
HV 60d30.1%27.6%42.0%28.8%42.0%
IV Rank28.8%14.2%37.3%14.2%31.0%
IV Percentile62.5%44.8%74.2%44.8%60.7%
Term Structure-0.2%-1.1%0.8%-0.1%-0.7%
VWIV38.7%30.7%43.8%30.7%41.5%
Skew 25d2.2%0.0%4.2%0.9%0.0%
Skew 10d3.6%-0.0%7.3%1.5%0.3%
Call IV 25d37.3%31.3%41.3%31.3%39.8%
Put IV 25d39.6%32.2%44.3%32.2%39.8%
Bid-Ask Spread %34.855.8664.447.335.86
Gamma HHI0.060.050.080.050.07
Net GEX13.4M-73.2M246.1M-11.4M246.1M
Net DEX827.2M-12.69B3.87B1.27B-12.69B
Net VEX-60.2M-79.8M-55.1M-59.2M-79.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.181.230.620.29
Total Volume645,373.895290,2772,849,248379,5032,849,248
Total OI5,643,127.8425,229,1886,211,5005,229,1886,211,500

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$82.98$88.0031.0%8.7%22.6%14.2%30.7%0.9%-0.1%-11.4M1.27B-59.2M0.627.33N/AN/A234,732144,7712,847,1342,382,054
2026-02-03$79.71$88.0034.1%9.6%25.6%20.7%33.6%1.3%-0.1%-65.9M2.93B-55.5M0.7327.26N/AN/A303,265220,5032,900,4102,439,180
2026-02-04$80.38$87.0034.4%9.7%26.1%21.5%34.2%1.9%0.3%-62.3M2.43B-58.0M0.6639.16N/AN/A237,427157,0142,961,6712,494,258
2026-02-05$80.69$90.0036.1%10.5%26.3%24.9%37.2%2.2%-0.7%-41.4M1.95B-59.9M0.5951.78N/AN/A306,870181,1863,020,0332,500,207
2026-02-06$81.75$90.0034.3%10.1%27.1%21.2%36.1%1.9%0.2%10.6M1.57B-59.3M0.5964.44N/AN/A274,134160,8713,062,0422,513,567
2026-02-09$81.59$90.0034.9%10.1%26.9%22.5%35.7%2.3%0.3%-19.6M1.58B-59.3M0.6261.53N/AN/A178,867111,4102,925,0992,484,206
2026-02-10$82.39$89.0036.1%10.4%27.1%25.0%36.4%1.5%0.3%12.0M801.2M-61.6M0.3852.35N/AN/A329,685125,2642,973,9322,524,258
2026-02-11$79.81$89.0036.3%10.5%28.5%25.4%37.1%1.2%0.8%-52.8M2.30B-58.5M0.5555.26N/AN/A233,911128,1193,032,7682,537,207
2026-02-12$76.12$88.0040.5%11.7%31.6%34.2%41.3%1.6%0.6%-73.2M3.87B-55.1M1.2358.51N/AN/A470,901581,0483,087,5952,568,477
2026-02-13$76.38$85.0039.7%11.3%31.8%32.5%39.0%3.3%-0.3%-32.4M3.15B-56.1M0.8440.76N/AN/A275,850230,5793,227,3792,568,149
2026-02-17$76.97$85.0041.6%11.9%32.2%36.6%41.2%3.5%-1.0%-24.5M2.68B-56.7M0.4755.80N/AN/A274,174129,5673,111,9812,546,179
2026-02-18$77.95$85.0038.8%11.1%32.9%30.7%39.0%2.9%-0.2%11.7M2.03B-58.3M0.5556.76N/AN/A209,059115,1733,199,2712,566,342
2026-02-19$76.97$85.0039.8%11.4%31.1%32.7%40.3%3.1%-0.6%-4.0M2.43B-57.1M1.036.62N/AN/A191,599198,0773,248,3282,573,950
2026-02-20$78.59$85.0039.5%11.4%31.7%32.2%39.9%2.6%-0.6%39.9M1.20B-58.5M1.006.56N/AN/A301,592301,2903,274,3222,555,088
2026-02-23$75.93$85.0041.9%12.2%30.6%37.3%42.4%4.2%-1.1%-16.6M2.47B-55.6M0.656.11N/AN/A241,557156,3932,913,5342,604,502
2026-02-24$77.65$84.0041.5%12.2%32.2%36.3%43.6%2.8%-0.2%23.8M1.51B-58.9M0.405.97N/AN/A224,03688,5342,982,2932,643,271
2026-02-25$82.75$84.0041.3%12.3%40.3%35.9%43.8%2.4%0.2%124.2M-1.68B-64.5M0.185.86N/AN/A1,057,057193,0373,039,1082,664,144
2026-02-26$85.03$84.0039.6%11.9%41.5%32.3%42.0%2.6%-0.5%190.7M-4.08B-72.3M0.5254.14N/AN/A554,719290,5853,329,2732,706,717
2026-02-27$96.49$85.0039.0%11.5%60.3%31.0%41.5%0.0%-0.7%246.1M-12.69B-79.8M0.295.86N/AN/A2,205,509643,7393,429,0612,782,439