NBIX Options History — March 2025

In March 2025, NBIX traded between $107.48 and $115.32. ATM implied volatility averaged 35.3%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded below realized volatility by 3.3% (HV 20d: 38.6%). Max pain ranged from $120.00 to $125.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 3.37.

Notable Days

  • 2025-03-11: Highest Volume — 6,135 contracts
  • 2025-03-10: Largest IV spike — 26.8% change
  • 2025-03-10: Highest IV Rank — 33.6%
  • 2025-03-11: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$112.02$107.48$115.32$114.78$111.27
Max Pain$121.67$120.00$125.00$125.00$120.00
ATM IV35.3%21.3%44.3%35.0%32.6%
Expected Move11.5%9.5%13.3%10.0%11.9%
HV 20d38.6%25.3%76.9%76.6%25.3%
HV 60d48.4%47.9%49.1%48.3%48.3%
IV Rank21.3%2.2%33.6%20.9%17.7%
IV Percentile59.9%1.2%86.5%65.9%50.4%
Term Structure5.3%-6.5%19.7%1.9%9.0%
VWIV42.0%35.7%62.5%36.9%43.4%
Skew 25d2.7%-11.9%19.8%-11.9%1.8%
Skew 10d-1.2%-21.1%10.3%-4.3%10.3%
Call IV 25d30.8%16.0%41.7%38.7%28.7%
Put IV 25d33.5%18.9%48.2%26.7%30.5%
Bid-Ask Spread %91.9670.90102.8894.8078.29
Gamma HHI0.360.290.490.340.42
Net GEX495.1K138.4K863.2K138.4K731.6K
Net DEX21.4M10.0M38.8M10.0M22.4M
Net VEX-219.4K-260.4K-186.2K-260.4K-192.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.370.0054.771.718.00
Total Volume568.66726,1351918
Total OI16,896.76215,02418,01817,64215,350

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$114.78$125.0035.0%10.0%76.6%20.9%36.9%-11.9%1.9%138.4K10.0M-260.4K1.7194.80N/AN/A71210,2287,414
2025-03-04$113.05$125.0041.9%12.0%76.6%30.4%41.7%19.8%-6.5%294.3K16.5M-250.6K0.2495.59N/AN/A1343210,2297,416
2025-03-05$113.95$125.0039.7%11.4%76.4%27.3%46.6%2.1%4.9%269.1K15.2M-249.1K0.0494.37N/AN/A224810,1837,401
2025-03-06$112.99$125.0037.4%10.7%76.4%24.2%62.5%7.1%6.3%182.1K15.5M-242.4K0.00100.61N/AN/A2010,0917,405
2025-03-07$114.21$125.0034.9%10.0%76.9%20.8%49.3%3.2%3.3%274.1K20.0M-236.3K0.0099.60N/AN/A18010,0917,405
2025-03-10$111.13$125.0044.3%12.7%25.9%33.6%39.8%4.0%1.8%420.5K24.9M-218.2K0.03100.21N/AN/A62210,0887,405
2025-03-11$107.48$125.0040.6%13.3%26.5%28.6%44.1%7.3%0.6%744.2K38.8M-186.2K54.7798.88N/AN/A1106,02510,0827,405
2025-03-12$108.73$120.0041.5%9.5%26.9%29.8%35.7%11.5%0.8%521.8K24.7M-206.1K0.04101.53N/AN/A91410,0496,618
2025-03-13$108.96$120.0039.1%11.1%26.6%26.4%39.4%11.0%0.1%376.4K32.3M-215.3K0.28102.88N/AN/A36210010,0697,657
2025-03-14$110.12$120.0038.9%13.2%27.0%26.2%36.9%-0.7%3.7%458.9K26.0M-216.4K0.04102.69N/AN/A2921310,1737,288
2025-03-17$112.03$120.0040.5%11.9%27.5%28.5%41.0%-3.3%0.7%462.4K20.6M-219.9K0.3285.83N/AN/A371210,2727,291
2025-03-18$109.47$120.0037.0%11.7%28.5%23.7%0.0%-4.1%3.9%623.5K28.3M-202.3K2.0091.28N/AN/A30060010,2807,234
2025-03-19$110.45$120.0036.7%11.6%28.7%23.3%0.0%6.3%4.4%705.6K28.4M-211.0K0.8096.74N/AN/A151210,5277,461
2025-03-20$109.97$120.0039.1%12.1%27.0%26.5%41.7%3.8%2.7%863.2K24.7M-219.8K2.3585.92N/AN/A6671,57010,5247,369
2025-03-21$112.03$120.0036.7%11.9%25.6%23.2%41.3%4.3%2.6%326.6K18.9M-220.7K0.0290.25N/AN/A7981710,6917,327
2025-03-24$114.88$120.0027.4%11.5%27.5%10.5%39.8%2.0%11.9%418.8K14.2M-224.7K0.0190.86N/AN/A14828,7446,280
2025-03-25$115.32$120.0021.3%11.7%26.1%2.2%43.1%2.9%19.7%532.4K15.0M-214.7K0.0590.27N/AN/A6238,8666,278
2025-03-26$114.66$120.0023.5%10.5%25.8%5.2%38.3%-4.5%13.5%703.2K16.6M-212.0K0.0087.01N/AN/A1708,9256,278
2025-03-27$113.98$120.0025.6%10.4%25.8%8.1%37.5%3.2%10.4%641.0K16.6M-210.1K0.0072.72N/AN/A2408,9376,278
2025-03-28$112.95$120.0026.9%11.6%25.9%9.8%39.8%-8.6%14.5%709.0K20.0M-199.2K0.0670.90N/AN/A13488,9456,278
2025-03-31$111.27$120.0032.6%11.9%25.3%17.7%43.4%1.8%9.0%731.6K22.4M-192.5K8.0078.29N/AN/A2169,0656,285