NBIX Options History — March 2024

In March 2024, NBIX traded between $131.94 and $142.75. ATM implied volatility averaged 31.1%, placing in the 50.9% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 8.0% (HV 20d: 23.1%). Max pain ranged from $135.00 to $140.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.29.

Notable Days

  • 2024-03-21: Highest Volume — 2,112 contracts
  • 2024-03-11: Largest IV spike — 36.5% change
  • 2024-03-11: Highest IV Rank — 71.6%
  • 2024-03-25: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$138.16$131.94$142.75$131.94$137.46
Max Pain$136.25$135.00$140.00$135.00$140.00
ATM IV31.1%24.8%38.2%28.9%32.9%
Expected Move8.5%7.1%10.4%8.3%9.4%
HV 20d23.1%19.9%26.3%25.6%19.9%
HV 60d24.0%21.4%25.6%25.1%21.6%
IV Rank50.9%32.8%71.6%44.6%56.1%
IV Percentile57.1%15.1%94.4%44.0%71.0%
Term Structure3.4%-2.2%9.2%3.5%1.0%
VWIV29.7%26.2%37.2%29.1%31.4%
Skew 25d-0.7%-9.7%6.5%0.3%6.5%
Skew 10d-2.1%-17.4%7.8%5.1%2.6%
Call IV 25d31.4%26.0%38.5%28.8%30.1%
Put IV 25d30.7%24.2%39.0%29.1%36.5%
Bid-Ask Spread %82.3974.3197.7197.7185.39
Gamma HHI0.240.170.480.200.17
Net GEX1.3M-279.1K2.6M-279.1K1.5M
Net DEX-41.3M-55.0M-16.1M-16.1M-44.2M
Net VEX-204.5K-265.7K-125.2K-131.6K-260.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.011.550.100.24
Total Volume611.65562,112203285
Total OI11,186.58,82813,3038,82813,246

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$131.94$135.0028.9%8.3%25.6%44.6%29.1%0.3%3.5%-279.1K-16.1M-131.6K0.1097.71N/AN/A184194,0804,748
2024-03-04$133.63$135.0029.5%8.0%26.3%46.2%27.5%-3.6%4.4%154.5K-21.4M-125.2K0.2782.40N/AN/A44124,1704,756
2024-03-05$133.41$135.0031.0%8.6%26.3%50.6%28.7%-1.9%3.1%178.6K-20.4M-133.7K0.2881.77N/AN/A1,1373184,1864,745
2024-03-06$132.22$135.0034.5%7.4%26.1%60.8%29.8%0.2%9.2%-6.9K-22.1M-166.8K0.0785.53N/AN/A900675,1195,022
2024-03-07$135.47$135.0031.4%7.3%23.4%52.0%26.2%-2.0%1.9%758.1K-32.7M-183.0K0.0677.29N/AN/A5335,8805,052
2024-03-08$139.00$135.0028.0%8.2%24.3%41.9%28.0%0.2%0.1%1.6M-40.9M-186.5K0.1881.43N/AN/A289515,9145,055
2024-03-11$138.39$135.0038.2%9.3%23.4%71.6%30.4%-4.6%4.4%1.6M-41.7M-178.1K0.5378.91N/AN/A4062166,0755,066
2024-03-12$138.22$135.0035.5%8.0%22.9%63.8%27.9%-1.6%0.2%1.8M-42.8M-193.6K0.2178.41N/AN/A167356,3955,260
2024-03-13$141.19$135.0024.8%7.1%22.4%32.8%26.9%-9.7%6.2%2.6M-50.7M-191.5K0.1693.03N/AN/A140226,4865,291
2024-03-14$138.50$135.0029.7%8.5%23.0%47.0%29.4%1.1%5.7%2.2M-41.4M-197.9K0.0678.45N/AN/A729476,5065,281
2024-03-15$139.87$135.0029.3%8.4%23.0%45.8%29.0%1.1%4.8%2.5M-46.4M-217.3K0.0174.31N/AN/A901126,8275,316
2024-03-18$139.64$135.0029.7%8.5%22.9%46.8%29.8%-0.6%4.0%975.3K-44.9M-220.6K0.6778.44N/AN/A124836,1094,192
2024-03-19$140.41$135.0027.7%8.0%22.8%41.2%27.3%1.7%5.0%1.2M-47.3M-228.8K0.1182.01N/AN/A166186,4914,264
2024-03-20$140.48$135.0027.0%7.7%22.0%39.0%26.3%3.1%6.3%1.1M-46.7M-224.0K0.0383.97N/AN/A482156,2384,273
2024-03-21$142.75$135.0028.0%8.0%21.3%42.1%29.8%-0.2%3.4%1.3M-54.8M-219.8K0.1382.03N/AN/A1,8612516,6304,288
2024-03-22$141.20$140.0034.9%10.0%21.9%62.1%34.4%-2.5%1.3%1.4M-53.4M-241.7K0.1075.99N/AN/A964957,3194,380
2024-03-25$140.76$140.0036.2%10.4%21.9%65.8%37.2%1.1%1.0%1.6M-55.0M-257.9K0.7682.02N/AN/A6384858,0074,459
2024-03-26$140.27$140.0034.1%9.8%21.7%59.7%35.7%-4.6%-2.2%1.8M-55.0M-265.7K1.5585.54N/AN/A29458,3884,913
2024-03-27$138.48$140.0030.4%8.7%21.6%48.9%29.6%2.1%4.6%1.6M-47.9M-265.1K0.2183.25N/AN/A7741668,3854,918
2024-03-28$137.46$140.0032.9%9.4%19.9%56.1%31.4%6.5%1.0%1.5M-44.2M-260.7K0.2485.39N/AN/A230558,2405,006