NKE Options History — May 2023

In May 2023, NKE traded between $105.69 and $127.98. ATM implied volatility averaged 27.5%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 4.3% (HV 20d: 23.2%). Max pain ranged from $115.00 to $125.00. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 1.02.

Notable Days

  • 2023-05-19: Highest Volume — 77,308 contracts
  • 2023-05-30: Largest IV spike — 21.3% change
  • 2023-05-31: Highest IV Rank — 56.3%
  • 2023-05-24: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$117.80$105.69$127.98$127.98$105.69
Max Pain$119.73$115.00$125.00$124.00$115.00
ATM IV27.5%22.6%39.3%22.6%39.3%
Expected Move7.7%6.5%8.4%6.5%8.1%
HV 20d23.2%19.3%28.0%20.0%24.5%
HV 60d23.9%22.7%25.2%23.0%25.1%
IV Rank17.2%0.7%56.3%0.7%56.3%
IV Percentile19.4%0.4%66.7%0.4%66.7%
Term Structure2.1%-2.4%10.4%0.4%-2.4%
VWIV27.2%23.7%30.3%23.7%29.1%
Skew 25d5.1%4.3%6.0%4.3%5.6%
Skew 10d10.0%8.5%12.2%8.5%12.2%
Call IV 25d25.3%20.6%37.2%20.6%37.2%
Put IV 25d30.4%24.9%42.9%24.9%42.8%
Bid-Ask Spread %2.171.623.662.972.01
Gamma HHI0.090.060.200.080.09
Net GEX-21.1M-64.6M18.7M15.1M-35.2M
Net DEX248.3M-597.3M1.07B-597.3M1.07B
Net VEX-8.1M-8.7M-7.3M-8.1M-7.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.481.660.540.97
Total Volume31,529.09115,56177,30833,86832,415
Total OI505,258.591444,782578,993444,782564,838

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$127.98$124.0022.6%6.5%20.0%0.7%23.7%4.3%0.4%15.1M-597.3M-8.1M0.542.9722,00411,864188,955255,827
2023-05-02$127.25$125.0024.4%7.1%20.1%6.8%25.1%5.0%-0.1%11.5M-529.2M-8.6M1.493.297,28810,837201,614259,957
2023-05-03$126.84$125.0025.4%7.4%19.3%10.2%26.2%5.0%-0.2%10.8M-504.2M-8.6M1.043.668,9749,316204,483260,120
2023-05-04$123.56$120.0027.8%8.0%20.2%18.2%29.9%5.6%-0.1%-7.8M-178.5M-8.7M1.172.2412,89215,026207,768262,180
2023-05-05$126.82$120.0025.3%7.7%21.8%9.6%26.7%5.5%0.1%18.7M-535.0M-8.5M0.892.109,3458,330211,681266,406
2023-05-08$126.88$120.0024.9%7.6%21.5%8.3%26.5%5.2%1.7%13.7M-508.6M-8.4M1.321.707,5379,949204,638257,470
2023-05-09$125.19$120.0025.8%7.6%21.5%11.4%25.8%5.4%0.8%3.9M-344.3M-8.5M0.811.819,6857,823208,604262,811
2023-05-10$123.56$120.0025.4%7.4%22.1%10.2%27.1%5.1%0.6%-6.1M-172.0M-8.4M1.032.0812,01212,336212,750266,367
2023-05-11$122.20$120.0026.4%7.9%20.7%13.5%26.1%5.1%1.6%-15.9M-13.5M-8.4M1.161.8310,34612,003216,570270,804
2023-05-12$119.78$120.0025.9%7.6%21.7%11.9%26.4%5.1%0.8%-48.0M255.9M-8.2M0.721.6230,25021,928219,465276,483
2023-05-15$119.77$120.0025.6%7.4%21.7%10.8%26.7%5.5%0.4%-28.9M167.4M-8.3M1.191.9413,72916,347222,646273,163
2023-05-16$116.66$120.0027.3%7.9%23.1%16.4%26.5%5.1%-0.6%-43.4M480.8M-8.0M1.311.6417,04122,312227,081278,568
2023-05-17$116.84$120.0025.8%7.4%23.2%11.6%25.7%4.7%-0.3%-45.1M455.2M-8.0M0.891.6715,18913,549233,267285,411
2023-05-18$118.75$120.0023.9%6.8%24.1%5.3%25.1%4.3%0.7%-39.0M211.8M-8.2M0.481.8125,22312,028237,580289,060
2023-05-19$114.56$120.0025.9%7.4%26.5%11.9%26.7%4.9%-0.0%-64.6M693.3M-7.8M1.191.8035,29542,013242,846291,080
2023-05-22$110.43$120.0028.2%8.2%28.0%19.3%29.2%4.8%8.6%-29.0M775.7M-7.5M0.952.1326,51225,136221,887264,446
2023-05-23$109.05$120.0027.6%8.1%27.6%17.6%28.2%5.0%8.7%-32.2M880.0M-7.5M0.872.4812,73211,098243,420280,110
2023-05-24$108.22$118.0028.8%8.4%27.6%21.6%29.8%5.2%8.7%-34.6M922.8M-7.6M1.662.445,8489,713254,609288,834
2023-05-25$107.63$116.0029.8%8.2%26.1%24.6%30.3%5.1%8.7%-37.6M963.1M-7.7M1.122.1918,01520,156262,921305,382
2023-05-26$107.51$116.0031.3%7.9%25.7%29.8%27.6%4.7%10.4%-37.6M979.9M-7.7M0.732.0923,98317,608267,686311,307
2023-05-30$106.53$115.0038.0%8.3%24.5%52.0%29.2%6.0%-2.3%-33.0M990.8M-7.4M0.822.2215,38812,565254,030300,564
2023-05-31$105.69$115.0039.3%8.1%24.5%56.3%29.1%5.6%-2.4%-35.2M1.07B-7.3M0.972.0116,48615,929259,148305,690