NKE Options History — May 2025

In May 2025, NKE traded between $57.04 and $63.18. ATM implied volatility averaged 37.8%, placing in the 37.7% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded below realized volatility by 6.4% (HV 20d: 44.2%). Max pain ranged from $60.00 to $65.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.44.

Notable Days

2025-05-12: Highest Volume — 215,675 contracts
2025-05-12: Largest IV drop — 14.2% change
2025-05-30: Highest IV Rank — 55.3%
2025-05-01: Largest Expected Move — 11.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$60.57	$57.04	$63.18	$57.04	$60.72
Max Pain	$64.52	$60.00	$65.00	$60.00	$65.00
ATM IV	37.8%	31.5%	45.9%	39.4%	45.9%
Expected Move	10.1%	9.0%	11.6%	11.6%	9.2%
HV 20d	44.2%	31.5%	85.6%	85.6%	37.3%
HV 60d	56.7%	55.6%	57.9%	57.1%	56.8%
IV Rank	37.7%	23.8%	55.3%	41.1%	55.3%
IV Percentile	65.6%	51.2%	90.5%	69.0%	90.5%
Term Structure	1.7%	-2.2%	9.6%	1.0%	-2.2%
VWIV	35.4%	31.3%	41.8%	41.8%	33.0%
Skew 25d	3.3%	1.9%	5.0%	4.3%	4.3%
Skew 10d	5.0%	-11.0%	28.2%	8.1%	5.4%
Call IV 25d	36.4%	30.6%	45.5%	37.4%	45.5%
Put IV 25d	39.6%	33.3%	49.8%	41.7%	49.8%
Bid-Ask Spread %	13.41	2.48	33.12	18.77	12.27
Gamma HHI	0.07	0.05	0.25	0.06	0.05
Net GEX	23.2M	1.7M	64.1M	14.3M	1.7M
Net DEX	449.3M	-315.3M	1.07B	1.07B	637.3M
Net VEX	-17.7M	-18.8M	-16.0M	-16.0M	-17.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.44	0.15	1.29	1.29	0.68
Total Volume	98,629.667	43,971	215,675	81,912	104,017
Total OI	1,776,324.952	1,656,318	1,930,499	1,826,464	1,720,373

Daily Data (21 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
2025-05-01	$57.04	$60.00	39.4%	11.6%	85.6%	41.1%	41.8%	4.3%	1.0%	14.3M	1.07B	-16.0M	1.29	18.77	35,838	46,074	1,053,751	772,713
2025-05-02	$58.55	$60.00	37.5%	10.9%	68.0%	37.0%	39.9%	3.2%	1.1%	19.6M	724.2M	-16.8M	0.33	24.13	101,202	33,437	1,058,187	782,101
2025-05-05	$57.55	$65.00	39.6%	11.2%	66.9%	41.6%	38.6%	4.7%	-0.2%	9.4M	991.9M	-16.2M	0.32	12.12	47,440	14,959	981,521	763,619
2025-05-06	$57.25	$65.00	40.1%	11.3%	63.5%	42.6%	39.6%	5.0%	-0.4%	8.9M	1.04B	-16.1M	0.28	23.04	48,997	13,500	994,523	770,945
2025-05-07	$58.56	$65.00	40.2%	11.4%	61.2%	42.8%	38.9%	4.7%	-0.1%	20.7M	764.4M	-16.7M	0.40	33.12	63,358	25,277	1,004,056	771,846
2025-05-08	$59.34	$65.00	39.3%	10.9%	46.1%	40.9%	38.1%	3.8%	-0.1%	28.8M	596.0M	-17.0M	0.34	26.23	109,328	36,991	1,008,712	782,948
2025-05-09	$58.53	$65.00	38.3%	10.9%	31.5%	38.6%	37.5%	3.9%	-0.5%	18.3M	806.4M	-16.6M	0.42	2.48	122,864	52,189	1,020,188	791,728
2025-05-12	$62.35	$65.00	32.8%	9.3%	37.9%	26.8%	32.6%	2.9%	-0.4%	45.6M	-129.1M	-18.7M	0.27	6.39	169,423	46,252	1,055,143	791,366
2025-05-13	$62.55	$65.00	31.5%	9.0%	37.2%	23.8%	31.3%	2.7%	-0.0%	42.2M	-61.6M	-18.3M	0.42	12.41	64,898	27,234	1,053,718	797,595
2025-05-14	$61.85	$65.00	33.2%	9.3%	36.5%	27.6%	32.4%	2.8%	-0.8%	37.1M	139.4M	-18.2M	0.33	8.89	91,826	30,041	1,067,842	811,918
2025-05-15	$62.34	$65.00	33.2%	9.3%	35.1%	27.6%	32.6%	2.8%	-0.7%	43.9M	-6.4M	-18.5M	0.63	13.62	48,335	30,326	1,096,619	824,043
2025-05-16	$63.18	$65.00	32.4%	9.2%	32.6%	25.9%	32.1%	2.4%	-0.2%	64.1M	-315.3M	-18.8M	0.15	10.12	149,557	21,753	1,103,214	827,285
2025-05-19	$62.05	$65.00	32.7%	9.3%	33.7%	26.6%	32.9%	2.0%	9.4%	19.8M	290.6M	-18.3M	0.37	3.77	46,035	17,177	957,004	699,314
2025-05-20	$62.56	$65.00	33.1%	9.5%	32.9%	27.4%	33.3%	1.9%	9.6%	24.8M	170.7M	-18.7M	0.34	9.00	32,733	11,238	969,810	709,115
2025-05-21	$60.19	$65.00	35.0%	10.0%	36.3%	31.5%	35.0%	2.3%	9.1%	7.2M	637.3M	-17.6M	0.42	10.04	56,370	23,940	976,916	713,018
2025-05-22	$61.38	$65.00	36.0%	10.0%	36.0%	33.7%	35.1%	2.2%	2.9%	16.4M	404.7M	-18.3M	0.54	16.91	53,457	28,630	994,181	720,720
2025-05-23	$60.16	$65.00	39.6%	10.4%	36.0%	41.4%	36.1%	2.4%	9.6%	3.2M	647.4M	-17.9M	0.46	7.94	49,206	22,522	1,004,319	733,607
2025-05-27	$62.50	$65.00	43.9%	9.7%	38.0%	50.9%	34.1%	4.0%	-0.2%	24.7M	198.8M	-18.7M	0.40	11.21	49,264	19,949	974,922	717,747
2025-05-28	$61.80	$65.00	45.1%	9.7%	38.4%	53.4%	34.1%	3.1%	-0.5%	20.1M	366.1M	-18.3M	0.59	11.67	30,020	17,831	982,079	724,217
2025-05-29	$61.42	$65.00	45.6%	9.7%	37.1%	54.7%	35.0%	2.8%	-1.1%	15.5M	459.5M	-18.1M	0.36	7.36	57,109	20,626	988,814	731,087
2025-05-30	$60.72	$65.00	45.9%	9.2%	37.3%	55.3%	33.0%	4.3%	-2.2%	1.7M	637.3M	-17.6M	0.68	12.27	62,021	41,996	982,697	737,676