NKE Options History — March 2023

In March 2023, NKE traded between $116.90 and $125.79. ATM implied volatility averaged 36.6%, placing in the 43.9% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 14.5% (HV 20d: 22.1%). Max pain ranged from $120.00 to $121.00. Net GEX was positive for 5 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 1.07.

Notable Days

  • 2023-03-22: Highest Volume — 178,237 contracts
  • 2023-03-22: Largest IV drop — 34.3% change
  • 2023-03-17: Highest IV Rank — 80.2%
  • 2023-03-20: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$119.81$116.90$125.79$118.77$122.00
Max Pain$120.04$120.00$121.00$120.00$120.00
ATM IV36.6%25.1%46.9%39.8%25.1%
Expected Move9.7%7.1%13.0%8.3%7.1%
HV 20d22.1%17.6%27.3%22.2%27.3%
HV 60d28.8%21.6%33.7%33.7%23.0%
IV Rank43.9%2.1%80.2%55.4%2.1%
IV Percentile48.9%2.0%93.7%62.3%2.0%
Term Structure-1.4%-3.5%0.7%-2.1%0.7%
VWIV33.9%24.6%45.1%29.3%24.6%
Skew 25d5.6%4.6%7.1%5.5%4.7%
Skew 10d10.9%8.8%13.7%10.8%9.2%
Call IV 25d34.0%22.8%43.9%37.3%22.8%
Put IV 25d39.6%27.5%51.0%42.8%27.5%
Bid-Ask Spread %2.451.843.182.062.43
Gamma HHI0.070.050.140.070.14
Net GEX-9.6M-34.3M31.3M-8.5M31.3M
Net DEX-60.6M-574.6M247.7M28.5M-386.8M
Net VEX-8.6M-9.1M-8.3M-8.4M-8.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.382.090.890.48
Total Volume49,190.08718,936178,23723,37239,692
Total OI555,454.652492,958655,175535,392561,657

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-03-01$118.77$120.0039.8%8.3%22.2%55.4%29.3%5.5%-2.1%-8.5M28.5M-8.4M0.892.0612,37510,997253,913281,479
2023-03-02$119.80$120.0038.9%7.8%20.8%51.9%27.1%5.3%-2.2%-7.3M-66.2M-8.4M0.382.0421,1478,126255,950286,030
2023-03-03$120.87$121.0038.1%7.5%21.2%49.2%26.4%5.3%-2.8%10.2M-174.1M-8.5M1.193.189,38311,148255,357288,963
2023-03-06$120.41$120.0038.0%10.0%20.9%49.1%35.9%5.2%-1.9%2.1M-154.2M-8.3M0.802.0919,58615,703239,312278,217
2023-03-07$119.47$120.0038.7%10.1%20.7%51.4%35.2%5.1%-1.9%-6.6M-45.4M-8.3M1.591.849,39114,908241,738286,712
2023-03-08$119.81$120.0038.8%10.2%20.8%51.6%37.3%5.1%-2.3%-7.7M-73.4M-8.4M1.012.079,4389,498245,273292,297
2023-03-09$117.82$120.0040.4%10.5%20.0%57.3%36.8%5.3%-2.6%-18.2M142.3M-8.3M1.022.7512,97213,169248,189295,679
2023-03-10$116.90$120.0042.9%11.6%20.1%66.1%40.2%5.5%-2.9%-23.1M247.7M-8.4M1.122.9920,07422,576251,900299,056
2023-03-13$117.18$120.0043.4%11.9%20.1%67.9%40.0%6.4%-1.2%-12.4M175.9M-8.4M1.242.7515,50919,263252,153291,868
2023-03-14$118.43$120.0041.9%11.1%18.0%62.5%40.2%6.2%-2.8%-11.9M35.6M-8.4M1.272.1413,60517,310255,652297,060
2023-03-15$117.78$120.0044.3%11.7%17.6%71.1%41.5%7.1%-3.5%-15.6M96.3M-8.5M1.352.6113,70518,446259,523297,567
2023-03-16$120.63$120.0041.4%11.3%19.8%61.0%39.5%6.4%-2.4%3.4M-225.0M-8.6M1.272.5013,51517,166263,350301,180
2023-03-17$120.35$120.0046.9%12.9%18.2%80.2%44.4%7.1%-2.8%-7.5M-225.7M-8.8M2.093.0321,06644,051266,325307,132
2023-03-20$120.97$120.0046.3%13.0%18.3%78.2%45.1%6.8%-2.6%-2.7M-171.7M-8.8M1.112.8534,57738,365214,867278,091
2023-03-21$125.79$120.0041.7%11.8%21.3%61.8%42.0%6.0%-1.7%10.0M-574.6M-9.1M1.022.3278,67680,635231,513299,088
2023-03-22$120.78$120.0027.4%7.8%25.6%11.3%27.7%4.6%-0.1%-21.5M-36.8M-8.7M0.842.8896,60581,632283,632348,838
2023-03-23$120.87$120.0029.8%8.6%25.6%20.1%30.2%5.3%-0.0%-22.9M-53.3M-9.0M1.042.8036,76438,081296,036350,238
2023-03-24$120.59$120.0029.0%8.3%24.7%17.3%29.2%5.4%0.2%-34.3M-40.8M-9.1M0.972.2223,48322,701299,181355,994
2023-03-27$118.19$120.0028.4%8.1%25.7%14.9%27.4%5.3%0.4%-26.6M152.8M-8.8M0.722.6026,24918,815233,544290,761
2023-03-28$117.60$120.0027.9%7.9%25.6%13.1%27.8%5.4%0.5%-32.5M207.6M-8.7M1.342.1614,37919,338240,886298,408
2023-03-29$120.47$120.0026.7%7.6%27.0%8.9%26.4%4.8%0.4%-8.1M-146.8M-8.8M0.921.9319,78518,284245,680300,749
2023-03-30$120.10$120.0026.1%7.4%26.9%6.7%25.2%4.9%0.5%-9.5M-105.8M-8.8M0.972.0814,83014,354249,984304,435
2023-03-31$122.00$120.0025.1%7.1%27.3%2.1%24.6%4.7%0.7%31.3M-386.8M-8.8M0.482.4326,79912,893254,893306,764