NKE Options History — September 2025

In September 2025, NKE traded between $69.10 and $75.68. ATM implied volatility averaged 45.4%, placing in the 52.8% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 21.7% (HV 20d: 23.7%). Max pain ranged from $70.00 to $75.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.61.

Notable Days

2025-09-30: Highest Volume — 333,976 contracts
2025-09-30: Largest IV spike — 5.3% change
2025-09-30: Highest IV Rank — 59.7%
2025-09-30: Largest Expected Move — 16.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$72.38	$69.10	$75.68	$74.22	$69.82
Max Pain	$70.48	$70.00	$75.00	$75.00	$70.00
ATM IV	45.4%	42.9%	48.4%	42.9%	48.4%
Expected Move	12.9%	8.7%	16.9%	8.7%	16.9%
HV 20d	23.7%	17.5%	27.5%	26.9%	17.5%
HV 60d	37.2%	24.6%	43.1%	43.1%	24.7%
IV Rank	52.8%	47.3%	59.7%	47.3%	59.7%
IV Percentile	80.4%	74.6%	93.3%	74.6%	93.3%
Term Structure	-2.6%	-3.1%	-2.1%	-2.2%	-3.1%
VWIV	45.8%	30.9%	59.8%	30.9%	59.8%
Skew 25d	0.7%	-1.6%	3.3%	3.3%	-1.6%
Skew 10d	0.1%	-6.0%	6.3%	4.5%	-4.5%
Call IV 25d	45.6%	43.0%	49.3%	43.0%	49.3%
Put IV 25d	46.2%	44.9%	47.6%	46.3%	47.6%
Bid-Ask Spread %	10.20	2.75	25.17	3.73	2.75
Gamma HHI	0.06	0.05	0.15	0.07	0.05
Net GEX	6.2M	-20.2M	26.7M	13.4M	22.0M
Net DEX	-628.7M	-1.26B	-136.2M	-908.5M	-544.2M
Net VEX	-16.7M	-17.7M	-16.0M	-17.4M	-17.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.61	0.30	0.98	0.65	0.68
Total Volume	77,617.619	28,501	333,976	58,702	333,976
Total OI	1,429,981.762	1,252,226	1,513,015	1,411,818	1,479,221

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
2025-09-02	$74.22	$75.00	42.9%	8.7%	26.9%	47.3%	30.9%	3.3%	-2.2%	13.4M	-908.5M	-17.4M	0.65	3.73	35,671	23,031	757,170	654,648
2025-09-03	$74.76	$75.00	44.6%	8.8%	26.9%	51.2%	31.7%	3.2%	-2.4%	15.9M	-1.02B	-17.5M	0.67	10.05	25,893	17,356	766,623	665,640
2025-09-04	$75.68	$70.00	44.4%	11.8%	26.6%	50.7%	40.9%	2.6%	-2.2%	26.7M	-1.26B	-17.7M	0.59	15.12	20,303	11,959	776,727	669,280
2025-09-05	$73.84	$70.00	44.9%	11.8%	27.4%	51.9%	41.6%	2.4%	-3.0%	7.8M	-809.5M	-17.3M	0.98	8.83	24,792	24,264	785,522	668,114
2025-09-08	$74.09	$70.00	45.1%	12.0%	27.4%	52.4%	41.8%	2.4%	-2.5%	10.5M	-868.3M	-17.1M	0.52	5.92	25,572	13,325	772,158	669,891
2025-09-09	$73.50	$70.00	45.4%	12.3%	27.5%	52.9%	43.1%	2.4%	-2.5%	5.9M	-726.9M	-17.0M	0.79	9.94	17,824	14,074	782,886	677,009
2025-09-10	$74.08	$70.00	45.4%	12.3%	27.4%	52.9%	43.3%	1.9%	-2.7%	12.6M	-886.2M	-17.1M	0.61	7.09	17,657	10,844	787,839	681,335
2025-09-11	$74.31	$70.00	44.5%	12.2%	23.9%	51.0%	43.0%	0.6%	-2.5%	13.2M	-936.2M	-16.8M	0.96	9.64	23,218	22,195	792,113	684,312
2025-09-12	$73.09	$70.00	45.1%	12.3%	24.0%	52.2%	43.3%	1.5%	-3.0%	-10.9M	-593.6M	-16.8M	0.51	16.30	52,609	26,768	798,514	688,383
2025-09-15	$73.08	$70.00	45.9%	12.9%	23.5%	54.0%	45.2%	0.8%	-2.4%	5.4M	-646.2M	-16.5M	0.50	12.33	25,353	12,610	787,628	682,257
2025-09-16	$72.91	$70.00	45.9%	13.1%	23.4%	54.1%	46.1%	0.8%	-2.6%	4.4M	-606.4M	-16.6M	0.58	6.59	21,086	12,272	799,162	688,183
2025-09-17	$72.10	$70.00	45.3%	13.0%	23.6%	52.7%	45.9%	0.8%	-2.3%	-6.8M	-392.4M	-16.3M	0.41	25.17	29,844	12,171	801,272	693,516
2025-09-18	$71.83	$70.00	45.5%	13.2%	23.5%	53.1%	46.7%	0.1%	-3.1%	-12.7M	-309.2M	-16.2M	0.52	6.87	44,437	23,011	799,390	695,306
2025-09-19	$71.14	$70.00	45.5%	13.3%	23.7%	53.2%	47.4%	-0.7%	-2.8%	-20.2M	-136.2M	-16.0M	0.88	10.32	56,851	50,304	817,282	695,733
2025-09-22	$71.47	$70.00	46.4%	14.0%	20.3%	55.1%	49.6%	-0.4%	-2.5%	7.7M	-549.9M	-16.2M	0.46	7.50	52,338	23,848	666,562	585,664
2025-09-23	$70.82	$70.00	45.9%	14.1%	19.4%	54.0%	50.0%	-0.7%	-2.3%	9.0M	-477.2M	-16.2M	0.59	17.69	29,957	17,583	693,435	591,964
2025-09-24	$71.28	$70.00	45.1%	13.9%	19.8%	52.2%	52.3%	-1.3%	-2.6%	12.8M	-572.8M	-16.4M	0.30	5.94	74,772	22,667	704,823	594,527
2025-09-25	$69.27	$70.00	45.1%	14.2%	21.4%	52.4%	51.2%	-1.2%	-2.1%	3.4M	-232.6M	-16.3M	0.57	4.74	64,791	36,795	759,769	607,228
2025-09-26	$69.10	$70.00	45.2%	14.5%	21.4%	52.5%	51.9%	-1.4%	-2.9%	-8.6M	-279.6M	-16.4M	0.64	16.22	75,671	48,080	792,245	617,477
2025-09-29	$69.66	$70.00	46.0%	15.7%	22.0%	54.2%	57.0%	-0.8%	-2.4%	18.1M	-453.7M	-16.6M	0.50	11.42	103,016	51,182	787,712	611,097
2025-09-30	$69.82	$70.00	48.4%	16.9%	17.5%	59.7%	59.8%	-1.6%	-3.1%	22.0M	-544.2M	-17.0M	0.68	2.75	199,260	134,716	841,982	637,239