NKE Options History — March 2021

In March 2021, NKE traded between $128.74 and $144.87. ATM implied volatility averaged 32.4%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 6.3% (HV 20d: 26.1%). Max pain ranged from $133.00 to $140.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.73.

Notable Days

2021-03-19: Highest Volume — 199,327 contracts
2021-03-19: Largest IV drop — 26.4% change
2021-03-04: Highest IV Rank — 19.1%
2021-03-03: Largest Expected Move — 12.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$137.03	$128.74	$144.87	$137.65	$133.20
Max Pain	$135.30	$133.00	$140.00	$140.00	$133.00
ATM IV	32.4%	24.1%	39.5%	35.9%	26.7%
Expected Move	9.2%	6.9%	12.3%	11.1%	7.4%
HV 20d	26.1%	23.1%	29.8%	26.6%	29.0%
HV 60d	24.8%	22.9%	27.0%	22.9%	26.9%
IV Rank	11.1%	0.0%	19.1%	14.5%	6.6%
IV Percentile	43.0%	0.0%	76.6%	60.3%	16.3%
Term Structure	-1.2%	-4.5%	0.7%	-1.4%	-0.9%
VWIV	32.9%	24.7%	43.3%	39.9%	28.2%
Skew 25d	2.5%	-1.1%	9.4%	1.8%	0.8%
Skew 10d	5.1%	-0.4%	10.4%	5.6%	1.8%
Call IV 25d	32.1%	23.3%	37.9%	35.3%	26.8%
Put IV 25d	34.5%	24.9%	44.7%	37.0%	27.7%
Bid-Ask Spread %	19.04	5.13	53.31	22.96	13.61
Gamma HHI	0.10	0.07	0.18	0.09	0.09
Net GEX	26.7M	-48.8M	60.1M	31.4M	26.7M
Net DEX	-512.4M	-1.29B	373.1M	-489.8M	-375.4M
Net VEX	-5.8M	-6.1M	-5.3M	-5.7M	-6.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.73	0.25	2.35	0.53	0.92
Total Volume	52,898.087	15,469	199,327	24,860	46,465
Total OI	349,100.565	287,801	427,502	303,482	413,505

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2021-03-01	$137.65	$140.00	35.9%	11.1%	26.6%	14.5%	39.9%	1.8%	-1.4%	31.4M	-489.8M	-5.7M	0.53	22.96	16,223	8,637	177,208	126,274
2021-03-02	$137.23	$140.00	36.0%	11.4%	26.4%	14.7%	41.2%	2.4%	-1.6%	28.5M	-452.6M	-5.7M	0.82	14.28	8,495	6,974	180,994	130,934
2021-03-03	$134.82	$140.00	38.0%	12.3%	24.6%	17.2%	43.3%	2.0%	-1.3%	16.1M	-264.3M	-5.7M	0.74	32.81	9,648	7,103	182,637	134,608
2021-03-04	$131.73	$135.00	39.5%	10.7%	25.8%	19.1%	36.6%	9.4%	-4.5%	4.0M	-32.6M	-5.6M	0.35	15.46	31,263	10,796	186,022	137,610
2021-03-05	$133.60	$135.00	38.0%	10.0%	26.2%	17.1%	35.1%	4.7%	-2.1%	12.7M	-169.5M	-5.6M	1.19	16.92	10,326	12,276	190,177	138,995
2021-03-08	$135.33	$135.00	37.2%	10.1%	23.3%	16.2%	35.9%	3.4%	-1.8%	25.2M	-350.4M	-5.7M	0.88	14.65	8,572	7,553	183,904	134,305
2021-03-09	$136.04	$135.00	37.4%	10.1%	23.2%	16.5%	34.9%	4.9%	-1.9%	26.9M	-406.3M	-5.5M	0.25	18.97	26,228	6,662	185,326	139,813
2021-03-10	$137.75	$135.00	36.9%	10.1%	23.8%	15.8%	35.6%	3.1%	-1.8%	40.2M	-594.3M	-5.7M	0.29	9.09	17,552	5,154	196,680	142,820
2021-03-11	$141.41	$135.00	35.9%	10.0%	25.7%	14.5%	34.6%	1.8%	-1.4%	57.7M	-1.01B	-6.0M	0.40	8.67	23,339	9,426	205,985	144,366
2021-03-12	$140.66	$135.00	35.8%	10.0%	25.2%	14.4%	35.2%	2.3%	-1.4%	34.2M	-959.8M	-6.1M	0.58	7.11	13,979	8,125	214,551	147,448
2021-03-15	$144.62	$135.00	35.3%	10.0%	26.6%	13.8%	35.6%	1.8%	-0.7%	55.7M	-1.25B	-6.0M	0.49	7.11	27,792	13,721	204,836	143,165
2021-03-16	$144.87	$135.00	34.1%	9.7%	26.6%	12.2%	34.7%	2.0%	-0.1%	58.1M	-1.29B	-5.9M	0.71	53.31	18,791	13,397	208,818	148,113
2021-03-17	$144.57	$135.00	34.1%	9.8%	26.0%	12.3%	35.0%	1.3%	-0.8%	57.2M	-1.24B	-5.9M	0.49	45.64	21,246	10,312	211,249	154,296
2021-03-18	$142.72	$135.00	35.1%	10.2%	26.3%	13.6%	36.2%	1.5%	-3.2%	52.7M	-1.06B	-5.8M	0.53	52.01	54,502	29,135	216,717	159,143
2021-03-19	$139.01	$135.00	25.9%	7.4%	27.0%	2.4%	26.4%	1.6%	-0.1%	60.1M	-337.4M	-5.5M	0.55	12.31	128,694	70,633	230,985	177,539
2021-03-22	$138.56	$135.00	24.1%	6.9%	23.1%	0.0%	24.7%	2.0%	0.3%	25.6M	-491.2M	-5.3M	0.52	5.96	31,785	16,644	165,342	122,459
2021-03-23	$136.71	$135.00	24.3%	6.9%	23.6%	0.3%	24.8%	1.1%	0.0%	18.9M	-376.9M	-5.4M	0.41	28.32	26,645	11,047	174,160	130,579
2021-03-24	$133.40	$135.00	26.4%	7.6%	25.0%	4.7%	27.0%	-1.1%	0.7%	803.7K	-136.4M	-5.3M	2.35	20.61	27,948	65,768	181,595	133,137
2021-03-25	$128.74	$135.00	29.2%	8.2%	27.9%	12.1%	30.9%	2.6%	-1.6%	-48.8M	373.1M	-5.5M	1.52	5.13	70,552	107,206	191,810	169,684
2021-03-26	$132.30	$133.00	26.7%	7.5%	29.8%	6.2%	26.5%	4.1%	-0.6%	-6.4M	-211.5M	-6.1M	0.93	14.95	45,934	42,789	228,456	199,046
2021-03-29	$133.60	$133.00	26.6%	7.7%	29.6%	5.9%	27.9%	1.8%	-0.8%	19.1M	-355.6M	-6.1M	0.99	10.77	22,484	22,265	213,106	173,356
2021-03-30	$133.06	$133.00	26.2%	7.5%	29.6%	5.3%	27.3%	1.8%	-0.2%	16.5M	-308.9M	-6.1M	0.40	7.33	30,406	12,164	219,656	177,904
2021-03-31	$133.20	$133.00	26.7%	7.4%	29.0%	6.6%	28.2%	0.8%	-0.9%	26.7M	-375.4M	-6.1M	0.92	13.61	24,241	22,224	235,001	178,504