NKE Options History — January 2023

In January 2023, NKE traded between $118.48 and $128.97. ATM implied volatility averaged 27.7%, placing in the 13.8% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded below realized volatility by 11.1% (HV 20d: 38.7%). Max pain ranged from $105.00 to $125.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.99.

Notable Days

  • 2023-01-06: Highest Volume — 91,190 contracts
  • 2023-01-13: Largest IV drop — 10.1% change
  • 2023-01-03: Highest IV Rank — 36.9%
  • 2023-01-05: Largest Expected Move — 9.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$125.74$118.48$128.97$118.48$127.28
Max Pain$117.75$105.00$125.00$105.00$125.00
ATM IV27.7%24.8%32.7%32.7%26.7%
Expected Move8.1%7.2%9.3%9.3%8.1%
HV 20d38.7%19.3%50.7%50.7%19.3%
HV 60d41.9%40.4%43.0%43.0%40.4%
IV Rank13.8%2.9%36.9%36.9%8.8%
IV Percentile11.0%1.6%31.7%31.7%7.9%
Term Structure0.0%-0.9%1.2%-0.2%-0.4%
VWIV29.3%26.1%34.4%34.4%28.9%
Skew 25d4.2%3.3%4.8%4.6%4.5%
Skew 10d8.1%6.1%9.3%8.6%8.8%
Call IV 25d25.9%23.3%30.5%30.5%24.6%
Put IV 25d30.1%26.6%35.1%35.1%29.2%
Bid-Ask Spread %1.961.532.402.091.74
Gamma HHI0.080.060.170.070.08
Net GEX3.8M-13.7M30.5M-205.4K6.6M
Net DEX-1.21B-1.88B-628.6M-964.1M-733.3M
Net VEX-7.8M-8.3M-7.3M-7.9M-8.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.990.964.312.681.20
Total Volume47,767.616,91691,19046,80916,916
Total OI643,716.6465,416772,759674,367505,223

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$118.48$105.0032.7%9.3%50.7%36.9%34.4%4.6%-0.2%-205.4K-964.1M-7.9M2.682.0912,71534,094312,671361,696
2023-01-04$120.59$105.0031.5%9.0%49.9%32.9%33.4%4.4%0.1%8.7M-1.21B-7.8M1.891.9926,71050,542316,656372,197
2023-01-05$120.68$110.0032.1%9.3%49.3%34.6%33.0%4.4%0.0%10.4M-1.20B-7.9M3.071.7811,80336,251323,422379,835
2023-01-06$124.81$110.0030.0%8.7%50.3%25.8%31.1%3.9%0.1%30.5M-1.64B-7.5M2.312.1927,57863,612326,641388,583
2023-01-09$124.91$110.0030.1%8.7%49.9%22.4%30.9%4.1%0.4%10.4M-1.46B-7.6M2.622.0414,99739,299320,530369,639
2023-01-10$125.78$115.0029.4%8.6%49.3%19.0%31.4%4.0%0.8%5.2M-1.52B-7.6M2.431.9910,32025,086325,953384,168
2023-01-11$127.78$115.0029.5%8.4%49.1%19.5%31.3%3.9%-0.3%10.4M-1.71B-7.7M4.312.1113,27257,263330,328396,357
2023-01-12$127.34$115.0027.6%8.2%49.2%12.7%28.3%3.5%1.2%2.8M-1.67B-7.7M2.662.0211,00629,264334,324404,755
2023-01-13$128.97$115.0024.8%7.2%48.6%2.9%26.6%3.3%0.6%16.3M-1.88B-7.3M1.992.4015,61331,101338,454412,056
2023-01-17$128.23$120.0025.6%7.3%47.3%4.9%28.9%4.2%0.2%15.0M-1.70B-7.3M2.911.7010,44330,368331,419393,575
2023-01-18$126.18$120.0026.6%7.6%46.5%8.8%26.7%4.1%-0.7%-4.0M-1.45B-7.5M2.101.9325,94954,500334,503405,727
2023-01-19$124.80$125.0027.1%7.8%45.2%10.2%28.2%4.8%-0.3%-12.8M-1.26B-7.9M1.551.8121,06832,706345,393418,470
2023-01-20$126.03$120.0025.5%7.4%45.1%4.9%26.1%4.2%-0.9%-13.7M-1.48B-7.8M1.301.5325,35532,955350,373422,386
2023-01-23$127.98$120.0025.3%7.4%21.1%4.1%27.2%4.1%0.1%3.9M-789.3M-7.8M1.411.9915,26421,552188,276277,140
2023-01-24$126.73$125.0025.3%7.5%21.7%4.1%27.1%4.2%0.5%-4.9M-650.5M-8.0M1.382.0614,24519,640195,091288,892
2023-01-25$126.56$125.0025.6%7.6%21.7%5.0%26.9%4.3%-0.1%-4.9M-628.6M-8.2M0.992.1017,07516,962204,221294,847
2023-01-26$127.06$125.0025.4%7.6%21.6%4.5%27.7%4.1%0.1%3.5M-723.3M-8.1M0.961.6813,00112,502211,319298,559
2023-01-27$128.03$125.0025.1%7.5%19.4%3.3%27.8%3.9%0.2%-8.7M-848.7M-8.3M1.002.2019,46119,408215,309301,124
2023-01-30$126.59$125.0027.3%8.3%19.5%11.0%30.4%4.8%-0.4%2.3M-657.5M-8.3M1.101.8812,10913,347206,386287,834
2023-01-31$127.28$125.0026.7%8.1%19.3%8.8%28.9%4.5%-0.4%6.6M-733.3M-8.3M1.201.747,6989,218212,287292,936