NNN Options History — February 2008

In February 2008, NNN traded between $20.70 and $23.67. ATM implied volatility averaged 32.4%. The 30-day expected move averaged 9.7%. IV traded below realized volatility by 13.0% (HV 20d: 45.4%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.53.

Notable Days

  • 2008-02-07: Highest Volume — 295 contracts
  • 2008-02-05: Largest IV spike — 37.5% change
  • 2008-02-28: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.12$20.70$23.67$23.67$20.70
Max Pain$24.75$20.00$25.00$20.00$25.00
ATM IV32.4%21.9%37.3%21.9%36.9%
Expected Move9.7%6.3%10.7%6.3%10.6%
HV 20d45.4%35.9%51.0%51.0%44.1%
HV 60d41.5%40.8%42.9%41.3%42.9%
Term Structure-2.8%-5.6%12.5%12.5%-3.0%
VWIV32.7%26.4%36.7%28.6%35.9%
Skew 25d4.6%-4.2%11.2%1.6%11.1%
Skew 10d4.4%-4.4%10.6%-2.2%6.9%
Call IV 25d28.1%21.8%36.1%29.0%25.0%
Put IV 25d32.8%26.0%37.2%30.6%36.1%
Bid-Ask Spread %89.6179.97107.87101.6896.90
Gamma HHI0.780.670.880.790.67
Net GEX47.5K21.4K71.6K57.2K21.4K
Net DEX-223.7K-676.8K147.7K-676.8K147.7K
Net VEX-4.2K-5.5K-2.7K-5.5K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.005.000.000.07
Total Volume35.2502951021
Total OI1,689.151,3691,8661,3691,775

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-02-01$23.67$20.0021.9%6.3%51.0%0.0%28.6%1.6%12.5%57.2K-676.8K-5.5K0.00101.68N/AN/A10201,141228
2008-02-04$23.50$25.0024.0%9.6%47.8%0.0%30.5%1.2%-3.8%63.6K-633.6K-5.3K0.0081.76N/AN/A101,243228
2008-02-05$22.87$25.0033.1%9.6%49.1%0.0%33.5%-2.1%-3.4%55.8K-476.4K-4.8K0.0584.02N/AN/A2011,243228
2008-02-06$22.49$25.0032.8%9.5%46.3%0.0%33.2%8.8%-3.4%48.2K-324.6K-4.4K0.3380.59N/AN/A40131,263228
2008-02-07$23.06$25.0032.1%9.8%45.8%0.0%26.4%1.6%-4.0%57.4K-491.9K-5.2K0.0079.97N/AN/A29501,300238
2008-02-08$22.05$25.0032.4%9.5%49.0%0.0%0.0%10.9%-2.7%55.6K-312.5K-4.7K0.0085.63N/AN/A101,585238
2008-02-11$21.82$25.0028.5%9.4%48.9%0.0%32.4%8.1%-2.4%48.5K-165.6K-4.2K0.0083.20N/AN/A0251,584238
2008-02-12$22.01$25.0027.6%9.6%48.9%0.0%0.0%8.5%-2.5%51.0K-181.8K-4.3K0.0085.74N/AN/A1001,584262
2008-02-13$21.94$25.0031.1%9.6%48.8%0.0%0.0%7.4%-2.7%48.4K-169.7K-4.3K0.0085.60N/AN/A001,594262
2008-02-14$21.76$25.0032.8%9.4%47.7%0.0%32.9%7.5%-2.9%44.9K-110.7K-4.2K0.0087.80N/AN/A1001,594262
2008-02-15$21.98$25.0034.3%9.8%47.1%0.0%34.3%7.4%-4.3%51.4K-163.2K-4.3K0.0090.57N/AN/A101,604262
2008-02-19$21.55$25.0036.9%10.6%46.3%0.0%36.7%6.1%-5.6%38.5K-50.5K-3.7K0.5084.55N/AN/A631,431257
2008-02-20$22.00$25.0035.0%10.0%46.0%0.0%35.1%0.2%-3.9%45.8K-145.8K-4.0K5.0086.13N/AN/A151,434254
2008-02-21$21.19$25.0036.4%10.4%36.6%0.0%35.9%2.6%-4.4%29.9K65.3K-3.2K0.8386.93N/AN/A30251,433259
2008-02-22$21.43$25.0027.6%7.9%35.9%0.0%0.0%-4.2%-2.5%35.1K-20.3K-3.4K0.00107.87N/AN/A001,454234
2008-02-25$22.41$25.0036.0%10.3%39.6%0.0%0.0%2.7%-4.6%56.8K-294.0K-4.3K0.0094.66N/AN/A041,454234
2008-02-26$23.02$25.0036.3%10.4%40.0%0.0%0.0%11.2%-4.8%71.6K-526.4K-5.0K1.1395.13N/AN/A23261,454234
2008-02-27$21.91$25.0034.8%10.0%43.0%0.0%0.0%-2.2%-3.7%42.6K-75.4K-3.6K0.0096.91N/AN/A1501,467260
2008-02-28$21.06$25.0037.3%10.7%45.0%0.0%0.0%4.5%-4.4%25.3K132.3K-2.8K0.0796.60N/AN/A4431,480260
2008-02-29$20.70$25.0036.9%10.6%44.1%0.0%0.0%11.1%-3.0%21.4K147.7K-2.7K0.0096.90N/AN/A011,512263