NKE Options History — April 2007

In April 2007, NKE traded between $13.30 and $13.59. ATM implied volatility averaged 17.4%. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 4.4% (HV 20d: 13.0%). Max pain ranged from $6.88 to $13.13. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.74.

Notable Days

  • 2007-04-18: Highest Volume — 35,448 contracts
  • 2007-04-10: Largest IV drop — 10.7% change
  • 2007-04-04: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.44$13.30$13.59$13.30$13.46
Max Pain$12.81$6.88$13.13$13.13$13.13
ATM IV17.4%15.0%19.7%18.9%16.2%
Expected Move5.0%4.3%5.5%5.4%4.7%
HV 20d13.0%8.9%16.8%16.8%8.9%
HV 60d16.6%15.4%17.2%16.9%15.4%
Term Structure0.6%-1.3%2.1%0.4%-0.2%
VWIV17.3%14.9%19.6%18.7%16.3%
Skew 25d1.6%0.4%4.3%2.1%2.2%
Skew 10d3.6%0.1%9.2%3.7%9.2%
Call IV 25d16.5%12.6%19.2%18.1%14.6%
Put IV 25d18.1%16.8%20.2%20.2%16.8%
Bid-Ask Spread %10.085.1215.675.126.78
Gamma HHI0.270.220.340.230.30
Net GEX9.9M-64.3K15.5M10.0M7.9M
Net DEX-426.5M-514.2M-54.2M-422.3M-391.5M
Net VEX-1.6M-1.8M-55.2K-1.8M-1.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.062.660.471.74
Total Volume15,706.82,94035,44821,0488,096
Total OI865,507.279,8801,032,936952,640753,032

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-04-02$13.30$13.1318.9%5.4%16.8%0.0%18.7%2.1%0.4%10.0M-422.3M-1.8M0.475.1214,3446,704592,176360,464
2007-04-03$13.30$6.8818.1%5.2%14.3%0.0%18.0%1.1%1.2%-64.3K-54.2M-55.2K0.5410.384,7202,52849,59230,288
2007-04-04$13.40$13.1319.1%5.5%14.4%0.0%19.6%0.4%-0.3%10.9M-455.6M-1.8M0.7010.457,1244,988598,404358,280
2007-04-05$13.37$13.1318.1%5.2%14.4%0.0%18.6%0.6%1.1%10.8M-444.8M-1.8M0.385.8711,1324,216597,496359,052
2007-04-09$13.47$13.1319.7%5.3%14.1%0.0%19.4%1.9%0.6%11.4M-477.0M-1.7M0.506.8519,0369,572598,200357,580
2007-04-10$13.50$13.1317.6%5.2%14.0%0.0%18.1%1.5%0.7%12.4M-481.4M-1.7M0.2610.246,8321,744604,928362,764
2007-04-11$13.50$13.1318.6%5.2%13.5%0.0%18.0%1.2%0.5%12.1M-488.7M-1.7M0.8510.388,8567,504603,904363,404
2007-04-12$13.56$13.1317.6%5.0%13.5%0.0%17.3%1.6%1.2%12.1M-503.3M-1.7M0.789.699,1847,152606,664363,764
2007-04-13$13.41$13.1317.6%5.0%14.0%0.0%17.2%1.3%2.1%12.1M-467.5M-1.7M0.8813.543,7363,296608,692366,200
2007-04-16$13.59$13.1317.0%4.9%13.5%0.0%17.2%0.7%1.6%12.0M-514.2M-1.6M0.6313.8317,61211,012609,540367,628
2007-04-17$13.54$13.1316.8%4.8%13.3%0.0%17.5%1.9%1.6%12.2M-504.0M-1.7M2.6615.674,22811,260619,576376,380
2007-04-18$13.47$13.1317.2%4.9%13.0%0.0%17.4%0.5%0.8%12.5M-483.1M-1.7M0.0615.4533,4601,988619,284386,660
2007-04-19$13.37$13.1317.0%4.9%13.2%0.0%16.8%0.9%1.7%15.5M-456.5M-1.7M0.4814.5611,4765,524645,372387,564
2007-04-20$13.38$13.1316.8%4.8%13.2%0.0%16.8%1.1%1.7%9.0M-475.7M-1.7M0.8713.3617,40015,188644,568386,924
2007-04-23$13.39$13.1316.8%4.8%13.1%0.0%15.8%1.2%-1.1%6.4M-369.7M-1.7M0.275.8712,8803,472454,220280,596
2007-04-24$13.38$13.1316.8%4.8%13.1%0.0%15.7%2.8%-1.0%7.0M-373.7M-1.7M0.9813.884,5804,492463,340282,400
2007-04-25$13.40$13.1316.7%4.8%10.8%0.0%15.8%2.3%-1.3%7.3M-376.3M-1.7M0.106.587,884780465,448282,340
2007-04-26$13.46$13.1316.3%4.7%9.5%0.0%16.6%2.9%-0.3%7.7M-388.5M-1.7M1.226.343,2403,956468,576282,428
2007-04-27$13.53$13.1315.0%4.3%9.6%0.0%14.9%4.3%0.7%7.9M-402.5M-1.6M0.446.812,040900468,492283,924
2007-04-30$13.46$13.1316.2%4.7%8.9%0.0%16.3%2.2%-0.2%7.9M-391.5M-1.6M1.746.782,9525,144468,844284,188