$68.81
+$0.11 (+0.17%)
52-week range
Implied volatility (IV) is the size of the moves that option prices assume, stated as a yearly percentage. Think of it as the weather forecast built into the option price. NFLX options expiring Oct 16 carry 30.5% IV at the money. That points to a typical daily move of about ±$1.32 (1.9%).
Each strike has its own IV. Plotted together they make a curve called the smile. When one side sits higher than the other, that tilt is called skew.
The curve is fairly flat. Puts 5% below today's price carry 30% IV and calls 5% above carry 32%, close to the 30% at the money. The market isn't charging much extra for either direction.
Term structure is the at-the-money IV for each expiry date, from the nearest to the furthest. The circled point is the Oct 16 expiry you picked.
Realised volatility is the weather that actually happened: how much the stock really moved, on the same yearly scale. Comparing it with IV shows whether options look expensive or cheap.
Options price in 30% volatility. Over the last 20 trading days, the stock actually swung at a 33% yearly rate (36% over 60 days). Options are pricing about as much movement as the stock has actually had.
The curve slopes upward, from 30% for Oct 16 to 41% for Jan 19, 2029. This is the calm, normal shape. More time leaves more room for surprises, so longer-dated options carry more volatility. There's a bump at Oct 23 (54%), the first expiry after earnings on Oct 20. Options that span a scheduled event, such as earnings, cost more.