NKE Options History — November 2025

In November 2025, NKE traded between $60.55 and $66.03. ATM implied volatility averaged 40.6%, placing in the 42.2% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 10.5% (HV 20d: 30.1%). Max pain ranged from $65.00 to $70.00. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.42.

Notable Days

2025-11-11: Highest Volume — 125,007 contracts
2025-11-17: Largest IV spike — 14.5% change
2025-11-24: Highest IV Rank — 59.5%
2025-11-25: Largest Expected Move — 14.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$62.92	$60.55	$66.03	$62.75	$64.69
Max Pain	$65.66	$65.00	$70.00	$70.00	$65.00
ATM IV	40.6%	33.4%	48.3%	34.5%	45.0%
Expected Move	12.8%	10.1%	14.6%	10.1%	14.5%
HV 20d	30.1%	23.2%	33.4%	30.5%	32.0%
HV 60d	29.6%	27.8%	30.8%	28.7%	30.1%
IV Rank	42.2%	26.0%	59.5%	28.5%	52.0%
IV Percentile	67.2%	46.8%	92.9%	53.2%	70.6%
Term Structure	2.2%	-5.3%	10.2%	-5.3%	-2.7%
VWIV	45.2%	36.3%	51.1%	36.3%	50.0%
Skew 25d	0.9%	-0.4%	3.3%	-0.2%	1.6%
Skew 10d	1.5%	-13.7%	19.6%	-0.7%	3.0%
Call IV 25d	40.1%	30.7%	48.9%	33.7%	45.6%
Put IV 25d	41.0%	33.5%	49.7%	33.5%	47.1%
Bid-Ask Spread %	18.42	8.26	29.56	12.50	8.26
Gamma HHI	0.07	0.06	0.10	0.06	0.10
Net GEX	4.7M	-9.5M	35.2M	-7.5M	25.6M
Net DEX	510.1M	-199.0M	906.5M	679.5M	137.5M
Net VEX	-14.9M	-16.2M	-14.1M	-14.6M	-14.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.42	0.23	0.76	0.56	0.30
Total Volume	66,692.421	31,790	125,007	83,695	47,081
Total OI	1,488,459.211	1,402,042	1,549,400	1,406,599	1,448,328

Daily Data (19 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
2025-11-03	$62.75	$70.00	34.5%	10.1%	30.5%	28.5%	36.3%	-0.2%	-5.3%	-7.5M	679.5M	-14.6M	0.56	12.50	53,541	30,154	785,971	620,628
2025-11-04	$61.26	$70.00	35.0%	10.2%	29.7%	29.7%	36.8%	0.4%	3.7%	-9.5M	883.8M	-14.4M	0.49	13.54	52,442	25,919	814,304	634,676
2025-11-05	$62.11	$67.50	35.5%	10.2%	30.5%	30.7%	37.1%	0.6%	0.8%	-346.2K	684.4M	-15.0M	0.25	16.81	82,299	20,515	833,703	641,742
2025-11-06	$61.99	$65.00	35.9%	12.5%	30.4%	31.6%	44.2%	0.1%	-0.1%	12.7M	692.6M	-15.0M	0.51	18.82	45,891	23,312	867,045	649,593
2025-11-07	$61.04	$65.00	35.1%	12.4%	27.2%	29.8%	44.3%	-0.3%	0.5%	-9.5M	882.7M	-14.7M	0.57	29.56	43,108	24,495	871,222	650,622
2025-11-10	$60.55	$65.00	35.1%	12.7%	23.2%	29.9%	45.0%	0.2%	9.5%	-6.2M	906.5M	-14.3M	0.32	18.46	50,895	16,286	844,197	642,183
2025-11-11	$63.21	$65.00	33.9%	12.3%	28.9%	27.2%	43.6%	-0.3%	8.7%	5.5M	441.1M	-15.5M	0.25	20.44	99,910	25,097	865,998	648,629
2025-11-12	$64.42	$65.00	33.4%	12.3%	29.1%	26.0%	43.2%	3.3%	10.2%	23.1M	157.8M	-15.9M	0.36	25.75	43,085	15,347	883,735	653,443
2025-11-13	$66.03	$65.00	37.7%	12.8%	29.4%	35.6%	45.4%	-0.1%	8.6%	35.2M	-199.0M	-16.2M	0.26	17.22	68,743	17,981	884,169	655,103
2025-11-14	$64.10	$65.00	37.8%	12.6%	30.7%	36.0%	44.6%	0.4%	9.8%	10.8M	300.2M	-15.6M	0.37	26.91	46,126	16,954	891,869	657,531
2025-11-17	$62.92	$65.00	43.3%	13.0%	31.1%	48.3%	46.1%	0.2%	1.5%	-311.0K	559.2M	-14.9M	0.45	15.68	35,369	15,740	859,106	646,398
2025-11-18	$62.46	$65.00	45.1%	13.2%	30.6%	52.2%	48.5%	-0.4%	2.2%	-3.0M	661.4M	-14.7M	0.42	17.95	34,744	14,561	862,389	653,215
2025-11-19	$62.58	$65.00	47.0%	13.5%	30.5%	56.6%	47.7%	-0.1%	0.8%	-3.6M	612.5M	-14.7M	0.49	23.41	21,330	10,460	862,050	650,549
2025-11-20	$61.61	$65.00	48.2%	13.8%	30.2%	59.2%	49.7%	0.4%	0.1%	-7.5M	753.5M	-14.4M	0.76	21.03	33,657	25,433	869,281	652,182
2025-11-21	$62.89	$65.00	47.7%	13.7%	31.6%	58.0%	47.6%	2.3%	1.1%	-4.9M	517.7M	-14.6M	0.45	24.19	44,034	19,668	878,001	649,977
2025-11-24	$62.18	$65.00	48.3%	13.9%	31.6%	59.5%	48.2%	3.3%	-4.4%	-2.2M	598.6M	-14.1M	0.58	15.06	26,605	15,378	780,079	621,963
2025-11-25	$63.98	$65.00	47.2%	14.6%	33.4%	56.9%	51.1%	3.0%	-1.4%	10.5M	270.4M	-14.7M	0.34	10.93	42,475	14,390	789,260	629,192
2025-11-26	$64.64	$65.00	46.1%	14.3%	32.0%	54.5%	50.1%	2.4%	-2.2%	20.7M	152.0M	-14.7M	0.23	13.42	52,032	12,099	801,567	630,825
2025-11-28	$64.69	$65.00	45.0%	14.5%	32.0%	52.0%	50.0%	1.6%	-2.7%	25.6M	137.5M	-14.8M	0.30	8.26	36,236	10,845	815,736	632,592