NBIX Options History — March 2022

In March 2022, NBIX traded between $87.42 and $94.58. ATM implied volatility averaged 40.2%, placing in the 29.7% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 8.5% (HV 20d: 31.6%). Max pain ranged from $85.00 to $85.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 4.81.

Notable Days

2022-03-17: Highest Volume — 5,960 contracts
2022-03-07: Largest IV spike — 18.3% change
2022-03-07: Highest IV Rank — 43.4%
2022-03-07: Largest Expected Move — 14.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$91.55	$87.42	$94.58	$91.62	$94.11
Max Pain	$85.00	$85.00	$85.00	$85.00	$85.00
ATM IV	40.2%	31.1%	48.8%	43.9%	38.1%
Expected Move	12.1%	10.7%	14.0%	12.6%	12.4%
HV 20d	31.6%	18.0%	41.7%	37.0%	18.0%
HV 60d	40.0%	39.2%	41.6%	40.7%	39.2%
IV Rank	29.7%	15.3%	43.4%	35.6%	26.5%
IV Percentile	30.6%	2.4%	74.2%	49.6%	17.1%
Term Structure	2.6%	-3.6%	8.7%	-1.0%	8.7%
VWIV	42.8%	32.0%	48.2%	45.4%	40.6%
Skew 25d	2.5%	-6.2%	9.1%	4.1%	7.1%
Skew 10d	3.8%	-3.3%	18.0%	8.4%	6.5%
Call IV 25d	41.6%	36.2%	47.7%	43.2%	37.7%
Put IV 25d	44.1%	38.0%	50.7%	47.3%	44.8%
Bid-Ask Spread %	78.74	61.12	99.78	83.46	77.00
Gamma HHI	0.22	0.18	0.28	0.18	0.24
Net GEX	1.2M	858.8K	1.7M	1.2M	1.1M
Net DEX	-25.1M	-35.4M	-12.9M	-26.0M	-32.5M
Net VEX	-270.2K	-306.9K	-242.9K	-306.9K	-242.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.81	1.62	10.37	4.66	1.71
Total Volume	3,587.913	1,931	5,960	3,401	1,931
Total OI	23,127.783	22,184	25,157	22,493	23,069

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-03-01	$91.62	$85.00	43.9%	12.6%	37.0%	35.6%	45.4%	4.1%	-1.0%	1.2M	-26.0M	-306.9K	4.66	83.46	N/A	N/A	601	2,800	11,617	10,876
2022-03-02	$91.68	$85.00	41.4%	11.9%	37.1%	31.6%	43.6%	1.5%	1.8%	1.3M	-26.8M	-300.3K	5.71	78.91	N/A	N/A	498	2,846	11,666	10,896
2022-03-03	$87.42	$85.00	44.2%	12.7%	41.7%	36.0%	47.7%	1.2%	-3.6%	1.0M	-12.9M	-293.5K	5.82	89.18	N/A	N/A	502	2,921	11,642	10,903
2022-03-04	$88.12	$85.00	41.3%	11.8%	41.7%	31.4%	32.0%	3.3%	0.2%	1.1M	-14.2M	-292.0K	2.32	87.53	N/A	N/A	1,226	2,849	11,634	11,068
2022-03-07	$88.27	$85.00	48.8%	14.0%	41.3%	43.4%	43.0%	3.8%	-3.0%	1.3M	-16.2M	-284.6K	2.37	96.57	N/A	N/A	1,220	2,897	12,282	11,075
2022-03-08	$88.19	$85.00	44.6%	12.9%	41.2%	36.8%	48.2%	5.0%	-0.5%	1.4M	-20.1M	-283.4K	4.77	94.69	N/A	N/A	608	2,898	12,407	11,032
2022-03-09	$90.25	$85.00	42.5%	10.9%	41.0%	33.4%	37.4%	2.1%	0.3%	1.5M	-24.0M	-279.8K	4.98	99.78	N/A	N/A	455	2,264	12,283	11,033
2022-03-10	$91.28	$85.00	38.8%	10.7%	40.5%	27.5%	39.1%	2.5%	4.2%	1.7M	-28.6M	-276.2K	5.61	97.83	N/A	N/A	403	2,259	12,322	11,052
2022-03-11	$89.58	$85.00	42.3%	11.1%	39.6%	33.1%	41.2%	1.3%	0.8%	1.5M	-20.0M	-271.7K	5.75	94.04	N/A	N/A	393	2,261	12,318	11,051
2022-03-14	$89.77	$85.00	45.7%	12.8%	28.2%	38.4%	45.2%	2.5%	-0.2%	1.6M	-22.0M	-266.0K	6.69	61.12	N/A	N/A	392	2,622	12,332	11,017
2022-03-15	$90.71	$85.00	41.1%	13.1%	28.2%	31.3%	47.5%	-0.1%	4.2%	1.5M	-21.9M	-271.1K	4.74	74.51	N/A	N/A	769	3,643	12,332	11,286
2022-03-16	$91.45	$85.00	42.0%	12.4%	28.2%	32.6%	44.3%	9.1%	1.7%	1.4M	-25.8M	-275.8K	4.81	86.83	N/A	N/A	758	3,648	12,843	12,312
2022-03-17	$93.28	$85.00	37.9%	12.0%	28.7%	26.1%	41.7%	2.3%	3.3%	1.7M	-35.4M	-253.8K	1.62	64.18	N/A	N/A	2,277	3,683	12,843	12,314
2022-03-18	$93.11	$85.00	39.1%	11.8%	27.9%	28.0%	41.9%	0.3%	3.4%	858.8K	-29.5M	-259.5K	2.07	66.25	N/A	N/A	1,926	3,990	12,833	12,321
2022-03-21	$93.72	$85.00	36.8%	11.8%	27.9%	24.4%	42.2%	0.7%	3.2%	926.3K	-27.6M	-263.0K	5.43	69.21	N/A	N/A	629	3,414	10,562	11,622
2022-03-22	$94.58	$85.00	37.2%	11.9%	26.6%	25.0%	42.8%	-1.0%	4.7%	986.3K	-31.1M	-262.8K	9.39	66.55	N/A	N/A	337	3,164	10,588	11,626
2022-03-23	$92.77	$85.00	31.1%	11.6%	26.3%	15.3%	43.6%	5.6%	4.5%	946.1K	-26.5M	-254.9K	10.37	67.62	N/A	N/A	305	3,164	10,641	11,629
2022-03-24	$93.86	$85.00	35.1%	11.8%	26.3%	21.6%	42.9%	1.4%	4.2%	1.0M	-29.9M	-257.3K	7.53	62.01	N/A	N/A	352	2,652	10,699	11,629
2022-03-25	$93.49	$85.00	35.5%	12.0%	25.7%	22.4%	41.9%	0.9%	5.6%	947.8K	-27.3M	-259.8K	4.07	69.38	N/A	N/A	580	2,362	10,743	11,631
2022-03-28	$93.26	$85.00	38.0%	12.1%	25.2%	26.2%	43.2%	6.2%	6.8%	894.0K	-27.2M	-255.0K	4.04	72.75	N/A	N/A	586	2,367	10,791	11,632
2022-03-29	$92.77	$85.00	39.1%	12.6%	24.7%	28.0%	44.9%	-6.2%	6.6%	962.5K	-26.7M	-247.0K	3.04	73.88	N/A	N/A	885	2,694	10,806	11,622
2022-03-30	$92.37	$85.00	39.8%	12.2%	24.8%	29.0%	44.6%	4.5%	4.2%	897.2K	-25.3M	-257.9K	3.01	77.74	N/A	N/A	871	2,620	11,108	11,951
2022-03-31	$94.11	$85.00	38.1%	12.4%	18.0%	26.5%	40.6%	7.1%	8.7%	1.1M	-32.5M	-242.9K	1.71	77.00	N/A	N/A	712	1,219	11,117	11,952