NBIX Options History — January 2023

In January 2023, NBIX traded between $107.88 and $123.50. ATM implied volatility averaged 38.2%, placing in the 22.8% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded below realized volatility by 8.1% (HV 20d: 46.3%). Max pain ranged from $95.00 to $120.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.21.

Notable Days

  • 2023-01-09: Highest Volume — 913 contracts
  • 2023-01-09: Largest IV spike — 24.8% change
  • 2023-01-10: Highest IV Rank — 35.9%
  • 2023-01-03: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$111.49$107.88$123.50$119.87$110.69
Max Pain$101.75$95.00$120.00$120.00$100.00
ATM IV38.2%29.9%45.8%42.7%37.5%
Expected Move10.8%8.6%12.2%12.2%10.8%
HV 20d46.3%23.4%53.1%26.1%51.8%
HV 60d38.0%30.3%41.0%30.6%38.9%
IV Rank22.8%8.3%35.9%30.5%21.6%
IV Percentile39.6%3.2%79.4%65.5%34.9%
Term Structure-2.6%-10.4%5.3%-2.0%-6.3%
VWIV39.4%32.9%48.5%40.9%39.1%
Skew 25d7.6%-0.0%12.1%9.3%7.2%
Skew 10d8.0%-15.1%21.1%11.0%16.7%
Call IV 25d35.4%29.1%42.4%34.5%33.5%
Put IV 25d42.9%39.0%46.9%43.8%40.7%
Bid-Ask Spread %98.5493.92103.5396.5897.32
Gamma HHI0.540.440.650.650.54
Net GEX781.5K508.7K1.4M1.2M780.0K
Net DEX-6.7M-29.2M1.1M-22.8M-4.1M
Net VEX-64.7K-77.9K-50.9K-71.8K-57.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.008.510.930.37
Total Volume149.669131026
Total OI5,037.14,0816,4774,3234,156

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$119.87$120.0042.7%12.2%26.1%30.5%40.9%9.3%-2.0%1.2M-22.8M-71.8K0.0096.58N/AN/A0103,878445
2023-01-04$120.03$120.0034.8%10.0%24.9%16.8%34.8%8.2%-1.3%1.2M-23.1M-71.0K0.93102.54N/AN/A3443193,887435
2023-01-05$122.83$100.0040.3%11.2%23.7%26.3%42.3%6.4%-1.6%1.2M-27.9M-75.2K0.1198.49N/AN/A260294,176716
2023-01-06$123.50$100.0035.0%11.1%23.4%17.2%37.5%6.4%-4.6%1.4M-29.2M-75.4K0.2596.65N/AN/A2054,369735
2023-01-09$108.08$100.0043.7%11.7%53.1%32.2%36.5%4.3%-3.8%816.5K-6.3M-52.8K8.51103.16N/AN/A968174,380739
2023-01-10$109.25$95.0045.8%10.5%52.5%35.9%39.4%-0.0%-0.5%721.7K-2.9M-77.9K0.13102.90N/AN/A94124,4211,534
2023-01-11$109.80$100.0037.5%10.8%52.1%21.6%43.9%8.8%-0.9%805.6K-1.5M-74.2K0.67102.06N/AN/A21144,4431,538
2023-01-12$108.94$100.0041.2%11.8%52.1%27.9%41.8%12.0%-3.7%731.9K-191.3K-71.2K0.1799.67N/AN/A2344,4291,544
2023-01-13$108.57$100.0037.6%10.8%52.0%21.8%35.3%12.1%-2.3%634.5K1.1M-68.1K0.59103.53N/AN/A17104,4341,546
2023-01-17$108.49$100.0037.9%10.9%51.4%22.2%48.5%7.7%-4.0%627.3K-1.1M-69.6K0.04101.42N/AN/A595214,4391,527
2023-01-18$108.69$100.0038.8%11.1%51.3%23.8%45.3%3.1%-2.1%677.2K-240.5K-67.5K4.00101.44N/AN/A7284,9721,505
2023-01-19$110.28$100.0042.6%12.2%51.6%30.4%45.9%8.4%-9.5%763.9K-1.6M-69.3K3.4095.78N/AN/A10344,4461,480
2023-01-20$111.09$100.0041.5%11.9%51.4%28.5%40.0%11.4%-10.4%781.1K-2.3M-67.5K1.7897.85N/AN/A18324,4461,464
2023-01-23$107.88$100.0042.0%12.0%52.0%29.3%39.2%10.0%-0.2%588.1K-3.1M-58.6K0.1696.12N/AN/A2543,127954
2023-01-24$108.53$100.0036.8%10.6%51.6%20.3%32.9%6.9%-3.4%602.5K-2.7M-56.8K0.3096.41N/AN/A2063,141957
2023-01-25$108.66$100.0033.0%9.5%51.4%13.7%40.4%8.0%0.4%618.8K-2.2M-55.7K1.5094.40N/AN/A463,159954
2023-01-26$108.06$100.0031.6%9.1%51.4%11.4%34.1%8.6%-2.5%508.7K-1.3M-51.8K0.0094.59N/AN/A2503,162956
2023-01-27$108.40$100.0029.9%8.6%51.4%8.3%35.1%8.1%5.3%514.5K-1.3M-50.9K0.0093.92N/AN/A603,170956
2023-01-30$108.09$100.0033.9%9.7%50.9%15.3%35.1%4.3%1.6%532.1K-1.7M-51.9K0.0395.89N/AN/A2913,166956
2023-01-31$110.69$100.0037.5%10.8%51.8%21.6%39.1%7.2%-6.3%780.0K-4.1M-57.1K0.3797.32N/AN/A1973,199957