NNN Options History — March 2008

In March 2008, NNN traded between $19.93 and $23.12. ATM implied volatility averaged 35.1%. The 30-day expected move averaged 10.1%. IV traded below realized volatility by 9.6% (HV 20d: 44.7%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.71.

Notable Days

  • 2008-03-24: Highest Volume — 656 contracts
  • 2008-03-11: Largest IV drop — 27.6% change
  • 2008-03-17: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.59$19.93$23.12$21.06$22.05
Max Pain$22.38$20.00$25.00$25.00$22.50
ATM IV35.1%25.9%39.0%37.3%38.0%
Expected Move10.1%8.1%11.2%10.7%10.9%
HV 20d44.7%39.3%50.6%41.6%39.3%
HV 60d44.0%42.5%45.0%43.1%44.6%
Term Structure-1.0%-7.6%4.2%-4.0%-3.1%
VWIV34.8%32.4%37.1%35.8%34.3%
Skew 25d3.8%-10.2%12.6%12.6%4.0%
Skew 10d0.3%-17.7%11.6%-6.6%-5.7%
Call IV 25d30.4%24.5%35.1%24.5%30.2%
Put IV 25d34.2%25.0%37.1%37.1%34.1%
Bid-Ask Spread %93.0980.91108.9093.9891.58
Gamma HHI0.530.390.690.690.59
Net GEX18.0K-23.5K71.1K23.9K56.9K
Net DEX-225.0K-1.4M556.0K116.8K-901.2K
Net VEX-5.3K-9.6K-2.5K-2.8K-8.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.003.750.000.00
Total Volume94.70656010
Total OI2,189.31,4352,6751,7762,258

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-03-03$21.06$25.0037.3%10.7%41.6%0.0%0.0%12.6%-4.0%23.9K116.8K-2.8K0.0093.98N/AN/A001,512264
2008-03-04$20.54$25.0035.9%10.3%42.2%0.0%35.8%8.8%-2.2%17.2K190.1K-2.5K0.0095.43N/AN/A03001,512264
2008-03-05$20.64$25.0036.0%10.3%41.6%0.0%0.0%9.5%-2.3%-10.2K369.8K-2.9K0.0097.37N/AN/A201,512564
2008-03-06$19.93$25.0037.4%10.7%42.8%0.0%32.4%-0.9%-7.6%-18.3K556.0K-2.5K2.0095.70N/AN/A551101,514564
2008-03-07$20.59$22.5035.2%9.5%43.6%0.0%0.0%7.9%0.9%-18.3K473.9K-3.6K0.0080.91N/AN/A001,569670
2008-03-10$20.38$22.5035.8%9.4%41.2%0.0%0.0%5.3%1.7%-23.5K506.9K-3.4K0.0093.81N/AN/A0601,569670
2008-03-11$21.30$22.5025.9%8.9%44.4%0.0%0.0%0.6%0.4%-6.7K211.6K-3.7K3.7582.15N/AN/A4151,569694
2008-03-12$20.69$22.5029.5%9.5%45.3%0.0%0.0%4.4%1.0%-23.1K383.0K-3.6K0.0089.45N/AN/A601,571694
2008-03-13$21.42$22.5028.4%8.1%47.3%0.0%0.0%-3.3%4.2%-4.1K180.3K-3.9K0.00108.90N/AN/A5101,577694
2008-03-14$20.98$22.5032.0%9.2%47.7%0.0%0.0%-10.2%3.7%-16.3K252.0K-3.8K0.00108.89N/AN/A2401,590694
2008-03-17$21.30$22.5039.0%11.2%47.9%0.0%34.1%0.7%-5.2%-3.9K145.0K-3.9K0.0090.44N/AN/A25501,614694
2008-03-18$22.36$20.0035.2%10.1%50.6%0.0%0.0%3.0%0.3%27.8K-387.0K-5.7K0.0084.13N/AN/A1401,862694
2008-03-19$22.31$20.0034.9%10.0%50.1%0.0%0.0%2.4%0.2%27.7K-415.9K-5.7K0.30101.96N/AN/A84251,876694
2008-03-20$22.53$20.0034.9%10.0%48.1%0.0%34.9%4.4%1.0%29.3K-510.0K-6.4K0.00101.08N/AN/A1001,956719
2008-03-24$22.62$20.0037.4%10.7%48.0%0.0%0.0%5.5%0.7%35.3K-750.6K-6.1K0.0093.27N/AN/A65601,149286
2008-03-25$23.12$20.0037.5%10.8%46.0%0.0%37.1%4.2%-2.2%71.1K-1.4M-9.2K0.6283.19N/AN/A65401,796286
2008-03-26$23.10$22.5037.8%10.8%45.0%0.0%0.0%6.0%-2.5%69.4K-1.4M-9.6K1.4884.02N/AN/A21311,854326
2008-03-27$22.50$22.5038.3%11.0%42.3%0.0%34.3%6.0%-2.6%63.8K-1.1M-9.4K2.5092.85N/AN/A6151,875347
2008-03-28$22.35$22.5036.3%10.4%39.6%0.0%0.0%4.5%-1.5%61.4K-1.0M-9.3K0.0092.62N/AN/A0351,881352
2008-03-31$22.05$22.5038.0%10.9%39.3%0.0%0.0%4.0%-3.1%56.9K-901.2K-8.8K0.0091.58N/AN/A1001,881377