NFLX Options History — March 2026

In March 2026, NFLX traded between $91.36 and $99.34. ATM implied volatility averaged 39.5%, placing in the 32.1% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded below realized volatility by 12.4% (HV 20d: 51.9%). Max pain ranged from $85.00 to $90.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.65.

Notable Days

  • 2026-03-02: Highest Volume — 823,281 contracts
  • 2026-03-16: Largest IV spike — 8.3% change
  • 2026-03-30: Highest IV Rank — 46.1%
  • 2026-03-30: Largest Expected Move — 13.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$95.18$91.36$99.34$97.69$95.94
Max Pain$88.32$85.00$90.00$85.00$90.00
ATM IV39.5%33.5%46.1%38.0%43.0%
Expected Move11.5%5.5%13.2%11.5%12.3%
HV 20d51.9%22.8%60.4%60.4%26.1%
HV 60d39.8%38.8%42.1%42.1%40.3%
IV Rank32.1%19.4%46.1%29.1%39.5%
IV Percentile67.3%45.6%92.1%58.3%82.1%
Term Structure0.3%-2.2%7.3%-1.2%-1.4%
VWIV42.6%38.4%51.5%40.8%48.9%
Skew 25d5.1%1.6%7.3%1.6%6.0%
Skew 10d10.1%4.3%13.3%4.3%11.3%
Call IV 25d37.2%32.1%42.9%38.0%39.8%
Put IV 25d42.3%36.1%49.4%39.6%45.9%
Bid-Ask Spread %7.064.6510.505.984.65
Gamma HHI0.090.050.190.100.06
Net GEX194.4M71.0M377.5M304.6M210.2M
Net DEX-8.12B-13.49B-4.14B-12.23B-6.89B
Net VEX-75.6M-87.9M-67.9M-85.5M-70.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.341.500.340.54
Total Volume357,694.409165,261823,281823,281340,490
Total OI6,046,845.7275,215,9466,722,5806,348,3095,594,340

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$97.69$85.0038.0%11.5%60.4%29.1%40.8%1.6%-1.2%304.6M-12.23B-85.5M0.345.98N/AN/A616,639206,6423,581,0862,767,223
2026-03-03$97.76$85.0036.7%11.0%60.2%26.3%39.3%3.8%-0.9%320.0M-12.54B-86.1M0.707.63N/AN/A305,145213,8783,716,6852,837,495
2026-03-04$99.00$85.0035.3%10.8%57.4%23.4%38.4%3.4%0.7%356.3M-13.47B-86.8M0.406.87N/AN/A356,699144,2383,735,0162,880,454
2026-03-05$99.25$86.0035.5%11.2%57.5%23.8%40.0%4.8%-0.3%360.9M-13.49B-87.2M0.516.44N/AN/A291,199149,2633,755,6962,915,350
2026-03-06$99.34$86.0036.3%11.3%57.5%25.5%40.7%5.2%-0.8%377.5M-13.39B-87.9M0.657.67N/AN/A338,920221,2523,771,1672,951,413
2026-03-09$98.26$88.0034.6%11.2%58.0%21.9%39.8%4.8%4.3%267.4M-11.34B-85.7M0.698.50N/AN/A192,000132,8463,571,2402,854,885
2026-03-10$97.17$88.0034.0%11.0%58.3%20.5%39.7%5.3%4.5%212.7M-9.23B-77.5M0.597.38N/AN/A173,044101,6033,330,0852,864,182
2026-03-11$94.93$88.0033.5%10.8%59.4%19.4%39.9%4.0%3.5%158.5M-7.63B-75.2M0.588.06N/AN/A213,114124,6693,346,2172,878,605
2026-03-12$94.59$88.0034.5%11.2%57.8%21.6%40.1%4.1%6.3%143.0M-7.50B-74.8M0.7610.24N/AN/A157,196118,6933,366,2042,905,149
2026-03-13$95.13$88.0036.9%5.5%54.0%26.6%42.3%4.8%7.3%164.1M-7.80B-74.2M0.7310.50N/AN/A176,126129,1073,385,0312,901,850
2026-03-16$95.26$88.0039.9%11.4%54.0%33.1%42.0%4.9%-0.4%161.5M-7.94B-73.4M0.607.87N/AN/A125,53975,4693,254,3442,826,899
2026-03-17$94.22$88.0039.2%11.2%54.6%31.6%40.0%4.3%-1.3%130.3M-7.04B-71.2M0.655.53N/AN/A148,60796,2083,282,7222,851,154
2026-03-18$95.05$90.0041.7%11.9%54.6%36.8%41.5%5.5%-1.2%159.7M-7.60B-72.2M0.507.07N/AN/A127,65463,3793,322,3202,877,771
2026-03-19$91.89$90.0041.8%11.9%56.2%37.0%41.0%5.6%-0.9%71.0M-5.17B-69.4M0.728.11N/AN/A219,821157,3003,357,0502,893,825
2026-03-20$91.36$90.0043.8%12.5%56.2%41.3%43.5%6.4%-1.5%79.2M-5.00B-69.2M0.625.96N/AN/A173,696108,0183,389,6902,901,536
2026-03-23$93.75$90.0041.6%11.9%54.3%36.5%42.8%4.9%-1.2%139.7M-5.55B-69.6M0.667.17N/AN/A161,045106,7352,748,1382,467,808
2026-03-24$91.37$90.0044.3%12.8%55.6%42.4%45.9%6.2%-1.1%97.2M-4.14B-67.9M0.745.73N/AN/A94,80570,4562,799,4072,504,563
2026-03-25$92.27$90.0042.9%12.4%51.6%39.4%44.8%6.3%-2.2%115.4M-4.53B-68.3M0.485.18N/AN/A122,08758,1452,816,1912,527,028
2026-03-26$93.59$90.0043.5%12.4%51.1%40.7%45.4%7.2%-1.8%166.4M-5.72B-70.2M0.437.35N/AN/A289,395124,5422,849,8902,544,535
2026-03-27$93.33$90.0045.4%13.0%23.3%44.7%48.1%5.9%-1.7%156.0M-5.48B-70.3M0.836.11N/AN/A296,367245,6492,898,7832,573,467
2026-03-30$92.80$90.0046.1%13.2%22.8%46.1%51.5%7.3%-1.3%125.0M-4.94B-69.3M1.505.24N/AN/A120,555181,0422,806,3182,627,794
2026-03-31$95.94$90.0043.0%12.3%26.1%39.5%48.9%6.0%-1.4%210.2M-6.89B-70.9M0.544.65N/AN/A221,093119,3972,827,8542,766,486