NKE Options History — April 2023

In April 2023, NKE traded between $120.21 and $126.88. ATM implied volatility averaged 24.4%, placing in the 3.1% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded below realized volatility by 1.0% (HV 20d: 25.4%). Max pain ranged from $120.00 to $123.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 1.38.

Notable Days

  • 2023-04-24: Highest Volume — 32,778 contracts
  • 2023-04-25: Largest IV spike — 13.4% change
  • 2023-04-26: Highest IV Rank — 13.0%
  • 2023-04-10: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$124.28$120.21$126.88$121.51$126.34
Max Pain$120.16$120.00$123.00$120.00$123.00
ATM IV24.4%22.4%26.7%25.2%22.7%
Expected Move7.0%6.4%7.8%7.0%6.4%
HV 20d25.4%20.2%29.4%27.3%20.2%
HV 60d22.8%22.3%23.3%23.1%22.9%
IV Rank3.1%0.0%13.0%2.1%1.0%
IV Percentile2.7%0.0%10.7%2.0%0.8%
Term Structure0.1%-0.6%1.0%0.1%-0.0%
VWIV25.0%22.6%29.1%24.7%23.1%
Skew 25d4.5%4.0%5.3%5.0%4.2%
Skew 10d8.9%7.4%10.0%9.7%8.6%
Call IV 25d22.4%20.4%24.4%23.3%20.5%
Put IV 25d26.9%24.7%29.3%28.3%24.7%
Bid-Ask Spread %2.151.492.841.922.84
Gamma HHI0.070.060.080.060.08
Net GEX9.9M-14.7M25.4M3.6M18.5M
Net DEX-484.4M-804.4M-99.6M-282.9M-477.9M
Net VEX-8.4M-8.7M-8.1M-8.6M-8.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.380.462.761.571.13
Total Volume24,694.10516,87832,77818,93124,079
Total OI516,142.474420,611564,136516,337461,609

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$121.51$120.0025.2%7.0%27.3%2.1%24.7%5.0%0.1%3.6M-282.9M-8.6M1.571.927,36811,563233,358282,979
2023-04-04$123.68$120.0025.2%7.0%27.8%2.2%25.3%4.8%0.3%15.5M-511.1M-8.7M1.262.5412,75316,100234,858288,045
2023-04-05$121.12$120.0026.7%7.3%28.9%7.4%25.4%5.1%-0.0%-4.3M-200.3M-8.7M1.332.3113,61518,163237,250293,323
2023-04-06$120.21$120.0026.2%7.6%28.4%5.6%25.9%4.6%0.3%-14.7M-99.6M-8.6M1.092.4812,34313,451241,080298,565
2023-04-10$121.66$120.0026.2%7.8%28.4%5.9%28.4%4.8%1.0%-693.7K-270.7M-8.5M1.101.978,7169,582232,538289,851
2023-04-11$123.60$120.0025.3%7.2%28.8%2.4%26.4%4.7%0.0%10.7M-499.5M-8.5M1.392.1510,18014,161236,261294,585
2023-04-12$123.57$120.0025.7%7.3%28.7%3.8%26.8%4.7%0.0%5.2M-469.2M-8.5M2.041.968,65617,635238,983303,133
2023-04-13$126.41$120.0024.5%7.1%29.4%0.0%24.8%4.0%0.5%25.4M-804.4M-8.5M1.002.2312,52712,557241,793310,095
2023-04-14$126.10$120.0023.7%6.9%28.5%0.0%25.1%4.1%0.8%20.8M-759.2M-8.4M1.012.2414,37214,570243,123314,244
2023-04-17$125.77$120.0023.4%6.7%28.5%0.0%23.8%4.2%-0.3%16.2M-710.5M-8.3M2.151.746,50513,993239,233308,385
2023-04-18$126.16$120.0023.3%6.7%28.5%0.0%23.7%4.3%-0.2%18.8M-751.9M-8.3M0.461.7119,1148,879240,893310,376
2023-04-19$125.47$120.0022.7%6.5%25.0%0.0%22.6%4.1%-0.1%22.5M-693.3M-8.2M0.801.989,4037,475245,723311,811
2023-04-20$124.15$120.0022.9%6.5%20.4%0.7%23.1%4.5%0.4%9.1M-554.2M-8.1M1.861.499,54917,722247,278311,017
2023-04-21$125.20$120.0022.7%6.5%20.5%0.2%23.1%4.3%0.0%10.9M-702.0M-8.1M0.931.5411,36310,604248,531315,605
2023-04-24$126.88$120.0022.4%6.4%20.9%0.0%22.9%4.3%0.5%17.0M-521.3M-8.1M1.042.2016,09016,688181,926238,685
2023-04-25$124.41$120.0025.4%7.3%20.8%10.0%24.7%5.0%-0.3%4.3M-298.1M-8.3M2.052.517,37315,114188,780247,064
2023-04-26$123.38$120.0026.3%7.6%21.0%13.0%29.1%5.3%-0.6%-1.2M-195.1M-8.4M2.762.286,10016,852191,463249,732
2023-04-27$125.63$120.0023.5%6.8%20.3%3.7%25.4%4.4%-0.1%10.0M-402.6M-8.3M1.212.8310,86613,107193,346261,186
2023-04-28$126.34$123.0022.7%6.4%20.2%1.0%23.1%4.2%-0.0%18.5M-477.9M-8.3M1.132.8411,32212,757196,092265,517