NBIX Options History — May 2023

In May 2023, NBIX traded between $89.62 and $103.88. ATM implied volatility averaged 33.3%, placing in the 30.7% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 5.9% (HV 20d: 27.4%). Max pain ranged from $95.00 to $100.00. Net GEX was positive for 7 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 2.03.

Notable Days

  • 2023-05-19: Highest Volume — 2,512 contracts
  • 2023-05-17: Largest IV spike — 33.2% change
  • 2023-05-01: Highest IV Rank — 50.3%
  • 2023-05-01: Largest Expected Move — 11.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$95.72$89.62$103.88$103.88$89.85
Max Pain$95.68$95.00$100.00$100.00$95.00
ATM IV33.3%26.0%40.7%40.7%34.1%
Expected Move9.3%7.1%11.7%11.7%9.8%
HV 20d27.4%22.5%29.8%22.5%25.1%
HV 60d22.4%20.3%23.5%22.2%23.4%
IV Rank30.7%11.2%50.3%50.3%32.8%
IV Percentile32.2%2.0%67.1%67.1%38.1%
Term Structure-0.3%-11.4%7.7%-11.3%5.3%
VWIV35.0%25.5%51.5%37.5%51.5%
Skew 25d11.7%3.2%22.8%7.2%14.5%
Skew 10d12.8%-5.5%28.4%12.5%18.2%
Call IV 25d29.7%25.5%40.3%37.3%33.2%
Put IV 25d41.3%32.4%52.6%44.5%47.7%
Bid-Ask Spread %92.6384.94100.8984.9595.63
Gamma HHI0.290.230.370.280.29
Net GEX-660.7K-1.5M79.1K-544.0K78.3K
Net DEX14.7M3.2M26.8M3.2M8.4M
Net VEX-92.9K-114.0K-72.8K-74.4K-92.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.030.0110.130.020.55
Total Volume377.36402,512163750
Total OI7,994.6366,49510,6856,4956,979

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$103.88$100.0040.7%11.7%22.5%50.3%37.5%7.2%-11.3%-544.0K3.2M-74.4K0.0284.95N/AN/A16032,5393,956
2023-05-02$103.16$100.0039.9%11.4%22.6%48.2%42.4%7.5%-11.4%-492.1K3.5M-76.1K0.0488.17N/AN/A9042,6943,959
2023-05-03$99.66$100.0032.6%9.4%25.9%28.9%34.1%5.8%-3.5%-915.7K11.4M-72.8K0.8894.00N/AN/A3483062,7373,958
2023-05-04$96.11$95.0038.6%9.2%27.7%44.7%32.8%3.2%-0.4%-900.3K17.9M-75.0K0.5590.20N/AN/A1162,9244,261
2023-05-05$97.72$95.0029.7%7.9%26.9%21.1%25.5%7.8%-2.0%-1.1M17.5M-84.5K0.0185.98N/AN/A7513,0444,705
2023-05-08$97.57$95.0026.0%7.3%26.7%11.2%32.7%7.0%1.3%-1.5M19.9M-84.3K3.0091.19N/AN/A133,0494,965
2023-05-09$97.57$95.0034.6%7.1%26.7%34.0%45.7%6.9%0.1%-1.3M19.3M-83.4K5.9084.94N/AN/A301773,0494,968
2023-05-10$97.13$95.0030.4%8.7%26.6%22.8%42.6%14.3%1.1%-1.4M19.7M-81.4K1.1888.43N/AN/A4285073,0584,796
2023-05-11$97.63$95.0031.1%8.9%26.7%24.6%31.1%10.0%-2.3%-1.1M15.6M-98.2K10.1394.21N/AN/A161623,4815,300
2023-05-12$96.45$95.0033.2%9.5%26.6%30.4%0.0%12.3%-1.2%-1.1M18.4M-97.6K0.0093.19N/AN/A003,4925,462
2023-05-15$98.22$95.0027.8%8.0%26.8%16.0%32.5%8.5%7.7%-1.2M14.0M-96.4K0.5494.56N/AN/A50273,4925,462
2023-05-16$94.44$95.0026.9%7.7%29.7%13.6%30.5%11.2%3.8%-1.2M23.7M-88.0K0.0292.51N/AN/A567123,5315,463
2023-05-17$95.41$95.0035.9%10.3%29.8%37.4%37.3%14.0%2.0%-1.0M21.1M-93.1K3.0093.41N/AN/A4124,0885,473
2023-05-18$94.57$95.0032.3%9.3%29.8%28.0%32.2%11.7%-1.3%-976.5K24.3M-88.2K0.5793.74N/AN/A1,0546054,0915,476
2023-05-19$93.79$95.0030.6%8.8%29.8%23.5%30.7%16.9%2.4%79.1K26.8M-104.6K4.4693.90N/AN/A4602,0524,9115,774
2023-05-22$93.46$95.0032.4%9.3%29.8%28.1%30.3%22.8%1.5%37.6K8.2M-110.7K0.49100.19N/AN/A37183,3293,972
2023-05-23$93.53$95.0038.1%10.9%29.8%43.4%37.7%22.5%-7.1%42.4K7.1M-114.0K3.8599.02N/AN/A13503,3593,990
2023-05-24$92.50$95.0037.3%10.7%29.8%41.4%31.5%20.8%7.6%26.8K9.7M-109.5K0.10100.89N/AN/A8383,3744,042
2023-05-25$92.15$95.0034.7%9.9%29.8%34.3%33.7%6.9%-0.1%40.6K9.4M-110.7K1.3393.93N/AN/A27363,4564,056
2023-05-26$91.43$95.0032.9%9.4%29.1%29.5%29.1%7.0%4.2%5.0K10.4M-109.5K6.0093.14N/AN/A4243,4814,090
2023-05-30$89.62$95.0033.4%9.6%24.9%30.8%33.6%18.3%-2.6%-50.8K13.9M-99.1K0.0591.59N/AN/A7743,4824,114
2023-05-31$89.85$95.0034.1%9.8%25.1%32.8%51.5%14.5%5.3%78.3K8.4M-92.5K0.5595.63N/AN/A4842663,5583,421