NBIX Options History — March 2026

In March 2026, NBIX traded between $127.22 and $133.60. ATM implied volatility averaged 35.6%, placing in the 24.8% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 4.4% (HV 20d: 31.2%). Max pain ranged from $125.00 to $130.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 0.33.

Notable Days

  • 2026-03-20: Highest Volume — 651 contracts
  • 2026-03-23: Largest IV drop — 19.8% change
  • 2026-03-09: Highest IV Rank — 37.7%
  • 2026-03-13: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$129.83$127.22$133.60$132.52$131.17
Max Pain$129.32$125.00$130.00$125.00$130.00
ATM IV35.6%30.3%43.0%31.8%35.4%
Expected Move10.0%8.9%11.4%9.1%10.1%
HV 20d31.2%16.9%47.4%46.3%24.6%
HV 60d32.9%31.3%34.1%33.7%32.7%
IV Rank24.8%15.7%37.7%18.3%23.8%
IV Percentile57.3%32.1%82.9%40.1%59.9%
Term Structure4.8%-4.8%11.0%-2.3%6.6%
VWIV34.2%29.8%48.1%32.7%33.7%
Skew 25d6.1%-2.4%16.6%9.9%11.3%
Skew 10d9.1%-6.4%29.3%-6.4%13.4%
Call IV 25d31.4%23.9%38.4%28.8%29.9%
Put IV 25d37.5%30.2%42.7%38.7%41.2%
Bid-Ask Spread %57.0124.23104.59102.1241.76
Gamma HHI0.150.140.190.150.14
Net GEX-207.1K-315.6K-49.3K-190.2K-278.5K
Net DEX16.6M12.3M21.4M14.6M15.9M
Net VEX-250.4K-264.0K-234.7K-263.3K-255.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.330.002.000.001.13
Total Volume75.5456651917
Total OI8,826.3648,6109,2488,8179,248

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$132.52$125.0031.8%9.1%46.3%18.3%32.7%9.9%-2.3%-190.2K14.6M-263.3K0.00102.12N/AN/A903,5215,296
2026-03-03$131.65$125.0035.6%10.2%46.3%24.9%48.1%16.6%-4.8%-184.4K15.5M-261.5K0.36104.59N/AN/A1143,5215,296
2026-03-04$133.60$125.0034.9%10.0%46.4%23.8%34.4%10.8%-4.0%-138.4K12.3M-264.0K0.00100.86N/AN/A3803,5275,298
2026-03-05$129.77$130.0038.2%9.8%47.4%29.4%0.0%6.1%4.5%-175.3K15.7M-257.5K0.1787.84N/AN/A1223,5475,298
2026-03-06$128.42$130.0037.8%9.9%47.4%28.7%0.0%3.2%4.4%-257.9K18.8M-253.3K0.0091.49N/AN/A1803,5505,299
2026-03-09$129.32$130.0043.0%10.6%46.2%37.7%0.0%7.3%3.0%-211.2K18.3M-251.9K0.0088.97N/AN/A1503,5795,299
2026-03-10$130.05$130.0042.5%10.4%46.2%36.9%34.0%4.0%4.3%-152.6K15.5M-253.5K0.3891.64N/AN/A833,5755,300
2026-03-11$129.84$130.0036.1%10.3%46.2%25.8%37.2%3.2%5.7%-176.5K17.2M-249.5K0.0091.85N/AN/A1003,5735,302
2026-03-12$128.10$130.0036.5%11.1%46.3%26.6%0.0%-2.4%4.8%-204.0K17.9M-246.3K0.2043.55N/AN/A513,5795,299
2026-03-13$129.26$130.0035.1%11.4%22.4%24.1%0.0%3.4%5.4%-186.7K17.4M-246.2K0.0037.30N/AN/A2003,5825,291
2026-03-16$129.47$130.0034.7%9.3%22.2%23.4%33.5%4.0%7.3%-100.2K15.7M-244.4K0.1039.09N/AN/A6973,6025,291
2026-03-17$130.73$130.0033.2%9.6%19.2%20.7%0.0%4.4%6.3%-65.3K15.8M-244.7K0.1348.18N/AN/A813,6275,296
2026-03-18$130.42$130.0035.3%10.1%19.2%24.4%0.0%6.3%4.9%-49.3K15.5M-243.3K2.0024.23N/AN/A6123,6305,297
2026-03-19$129.52$130.0036.8%10.1%18.7%27.0%34.7%0.5%4.5%-137.2K17.3M-241.4K0.1432.17N/AN/A3553,6335,292
2026-03-20$127.22$130.0037.8%10.5%19.2%28.7%33.9%9.2%6.7%-293.3K18.4M-234.7K0.8632.55N/AN/A3503013,6375,289
2026-03-23$127.86$130.0030.3%8.9%19.2%15.7%31.4%9.3%11.0%-299.4K18.0M-249.8K0.2734.25N/AN/A1543,3515,259
2026-03-24$127.42$130.0035.0%9.8%16.9%23.9%32.2%5.6%8.2%-315.6K21.4M-242.4K0.1233.33N/AN/A1723,3585,259
2026-03-25$130.80$130.0032.8%10.1%19.4%20.0%31.9%6.2%4.9%-289.2K15.0M-254.7K0.1732.94N/AN/A1223,3665,271
2026-03-26$132.55$130.0032.1%9.2%19.9%18.8%32.4%8.8%4.9%-272.0K14.9M-257.9K0.0927.80N/AN/A2323,3705,271
2026-03-27$127.86$130.0034.9%10.0%23.6%22.9%29.8%-1.1%10.2%-284.9K16.5M-248.5K0.2933.57N/AN/A723,3765,273
2026-03-30$128.76$130.0033.1%9.5%23.7%19.8%33.8%7.0%9.2%-293.0K17.6M-245.8K0.9734.11N/AN/A3093003,3795,273
2026-03-31$131.17$130.0035.4%10.1%24.6%23.8%33.7%11.3%6.6%-278.5K15.9M-255.3K1.1341.76N/AN/A893,6765,572