NKE Options History — December 2025

In December 2025, NKE traded between $57.20 and $67.92. ATM implied volatility averaged 39.4%, placing in the 39.5% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 0.7% (HV 20d: 38.7%). Max pain ranged from $62.50 to $70.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.82.

Notable Days

2025-12-19: Highest Volume — 715,206 contracts
2025-12-19: Largest IV drop — 41.2% change
2025-12-08: Highest IV Rank — 62.8%
2025-12-03: Largest Expected Move — 16.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$63.78	$57.20	$67.92	$65.66	$63.98
Max Pain	$67.16	$62.50	$70.00	$65.00	$62.50
ATM IV	39.4%	24.9%	49.8%	46.2%	29.6%
Expected Move	11.4%	7.1%	16.7%	15.8%	8.3%
HV 20d	38.7%	27.1%	57.2%	32.3%	57.2%
HV 60d	34.7%	29.9%	42.2%	29.9%	41.1%
IV Rank	39.5%	7.1%	62.8%	54.6%	17.7%
IV Percentile	56.8%	7.9%	94.4%	82.1%	31.7%
Term Structure	-1.5%	-4.2%	1.3%	-2.0%	0.0%
VWIV	40.2%	25.5%	57.7%	55.6%	30.1%
Skew 25d	0.4%	-1.6%	2.4%	0.7%	-0.6%
Skew 10d	1.8%	-3.6%	13.9%	13.9%	-2.8%
Call IV 25d	39.1%	25.8%	48.2%	45.1%	29.9%
Put IV 25d	39.5%	24.9%	48.9%	45.9%	29.2%
Bid-Ask Spread %	13.97	5.03	22.12	9.03	14.65
Gamma HHI	0.08	0.06	0.12	0.06	0.06
Net GEX	5.9M	-70.4M	53.9M	21.4M	27.0M
Net DEX	150.4M	-617.4M	2.04B	-97.7M	-617.4M
Net VEX	-14.4M	-16.2M	-11.4M	-14.9M	-16.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.82	0.26	1.86	0.48	0.84
Total Volume	178,420.409	23,097	715,206	58,051	360,381
Total OI	1,542,522.091	1,424,069	1,755,175	1,424,069	1,667,520

Daily Data (22 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
2025-12-01	$65.66	$65.00	46.2%	15.8%	32.3%	54.6%	55.6%	0.7%	-2.0%	21.4M	-97.7M	-14.9M	0.48	9.03	39,097	18,954	801,688	622,381
2025-12-02	$64.97	$65.00	47.2%	16.5%	30.8%	57.0%	57.7%	1.2%	-1.6%	17.5M	-13.8M	-14.7M	0.68	8.60	13,775	9,322	807,796	617,663
2025-12-03	$65.94	$65.00	48.3%	16.7%	29.6%	59.4%	57.7%	-0.3%	-4.2%	25.7M	-217.9M	-14.9M	0.33	10.45	39,904	13,300	811,537	621,271
2025-12-04	$65.60	$70.00	47.6%	12.6%	29.5%	57.9%	44.6%	1.9%	-3.1%	23.9M	-104.8M	-14.7M	1.29	14.18	35,207	45,391	817,495	625,554
2025-12-05	$65.81	$70.00	47.5%	12.6%	29.4%	57.8%	43.1%	0.7%	-3.9%	28.4M	-154.6M	-15.0M	0.42	18.86	39,472	16,387	831,554	638,828
2025-12-08	$63.56	$70.00	49.8%	13.3%	31.7%	62.8%	46.7%	1.3%	-1.9%	6.1M	281.8M	-14.1M	0.59	17.91	43,778	25,969	814,004	631,049
2025-12-09	$63.55	$70.00	45.6%	12.9%	31.5%	53.3%	44.9%	1.2%	-0.3%	6.9M	290.6M	-14.0M	0.55	17.11	31,943	17,574	834,602	641,929
2025-12-10	$66.03	$70.00	46.8%	13.1%	30.8%	56.1%	45.7%	2.4%	-3.5%	33.7M	-258.2M	-14.8M	0.26	22.12	80,360	20,576	847,196	644,278
2025-12-11	$67.50	$70.00	48.6%	13.0%	31.0%	60.1%	45.6%	0.6%	-3.2%	53.9M	-569.3M	-14.9M	0.68	14.44	67,833	46,138	854,511	647,163
2025-12-12	$67.32	$70.00	45.1%	12.3%	29.9%	52.2%	43.3%	1.1%	-3.6%	44.5M	-519.3M	-14.6M	0.60	18.26	52,871	31,710	848,988	652,453
2025-12-15	$67.92	$70.00	46.1%	13.0%	27.7%	54.4%	45.4%	1.9%	-2.2%	21.4M	-465.7M	-14.4M	0.75	16.21	44,850	33,637	816,543	647,765
2025-12-16	$67.15	$70.00	46.0%	13.1%	27.1%	54.2%	45.3%	1.9%	-3.4%	20.4M	-326.0M	-14.3M	0.30	17.67	96,882	29,398	836,676	659,999
2025-12-17	$65.89	$70.00	45.0%	12.9%	28.0%	52.1%	44.5%	0.8%	-4.1%	12.9M	-61.2M	-14.3M	1.86	14.88	35,776	66,442	863,887	675,417
2025-12-18	$66.23	$70.00	44.8%	13.0%	28.0%	51.5%	45.2%	-0.2%	-2.3%	7.7M	-88.9M	-14.4M	0.89	9.91	190,307	169,835	873,355	720,205
2025-12-19	$58.47	$70.00	26.3%	7.5%	53.0%	10.2%	26.0%	0.2%	0.5%	-48.6M	2.04B	-11.4M	1.32	5.03	308,619	406,587	963,388	791,787
2025-12-22	$57.30	$65.00	25.6%	7.5%	52.7%	8.6%	26.5%	-0.7%	1.2%	-63.0M	1.49B	-11.9M	0.84	13.46	142,147	119,288	828,170	708,578
2025-12-23	$57.20	$65.00	24.9%	7.1%	52.6%	7.1%	25.5%	-0.9%	0.4%	-70.4M	1.36B	-12.6M	1.76	18.99	64,972	114,355	882,627	726,673
2025-12-24	$60.18	$62.50	26.1%	7.5%	55.0%	9.6%	27.6%	-0.5%	0.4%	-13.8M	513.3M	-14.4M	0.97	13.79	239,032	231,297	904,597	754,988
2025-12-26	$60.66	$62.50	26.4%	7.5%	54.9%	10.3%	26.9%	-1.3%	1.0%	-12.8M	340.7M	-15.1M	0.70	11.10	152,513	106,261	949,113	772,513
2025-12-29	$61.13	$62.50	26.4%	7.5%	55.0%	10.3%	28.0%	-1.6%	1.3%	-9.9M	262.5M	-15.1M	0.68	11.79	100,444	68,748	911,298	714,366
2025-12-30	$61.15	$62.50	27.0%	7.6%	54.7%	11.7%	27.7%	-0.9%	0.5%	-3.4M	231.0M	-15.2M	1.29	8.79	67,273	86,644	930,741	723,340
2025-12-31	$63.98	$62.50	29.6%	8.3%	57.2%	17.7%	30.1%	-0.6%	0.0%	27.0M	-617.4M	-16.2M	0.84	14.65	196,336	164,045	938,059	729,461