NNN Options History — February 2011

In February 2011, NNN traded between $24.41 and $25.69. ATM implied volatility averaged 22.1%, placing in the 24.4% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 7.7% (HV 20d: 14.4%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.77.

Notable Days

  • 2011-02-23: Highest Volume — 96 contracts
  • 2011-02-28: Largest IV drop — 24.8% change
  • 2011-02-09: Highest IV Rank — 32.4%
  • 2011-02-01: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.73$24.41$25.69$24.80$25.69
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV22.1%16.6%24.9%24.1%16.6%
Expected Move6.2%4.8%6.9%6.9%4.8%
HV 20d14.4%11.4%16.3%16.3%14.5%
HV 60d18.3%17.3%19.3%19.3%18.3%
IV Rank24.4%9.2%32.4%30.1%9.2%
IV Percentile31.7%2.0%57.5%48.0%2.0%
Term Structure0.8%-2.7%6.8%-2.6%6.8%
VWIV21.2%14.3%24.1%24.1%14.3%
Skew 25d1.3%-7.7%26.0%-6.5%-5.4%
Skew 10d3.7%-13.3%44.7%-10.8%34.6%
Call IV 25d24.0%21.0%29.7%28.5%24.4%
Put IV 25d25.3%18.6%50.1%21.9%19.0%
Bid-Ask Spread %59.7324.75104.7483.00104.74
Gamma HHI0.710.640.840.640.83
Net GEX23.1K14.6K48.5K15.7K37.0K
Net DEX-31.5K-625.0K142.9K-70.6K-625.0K
Net VEX-3.4K-3.5K-3.0K-3.5K-3.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.005.000.000.87
Total Volume31.8950966143
Total OI1,177.7371,0731,2441,1181,186

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-02-01$24.80$25.0024.1%6.9%16.3%30.1%24.1%-6.5%-2.6%15.7K-70.6K-3.5K0.0083.00N/AN/A610540578
2011-02-02$24.78$25.0024.0%6.9%15.2%29.7%0.0%-7.7%-2.7%18.9K-75.5K-3.5K0.0083.19N/AN/A630561578
2011-02-03$24.84$25.0022.9%6.6%15.3%26.8%0.0%4.6%-0.6%18.4K-90.7K-3.5K0.0082.96N/AN/A100555578
2011-02-04$24.41$25.0024.0%6.0%15.1%29.7%0.0%3.7%1.4%18.0K42.7K-3.4K5.0024.75N/AN/A315565578
2011-02-07$24.60$25.0022.7%6.1%15.3%26.1%22.0%3.7%1.4%18.8K26.6K-3.4K1.4827.63N/AN/A2131568593
2011-02-08$24.67$25.0022.6%6.2%15.0%26.0%0.0%3.7%0.6%20.7K11.0K-3.5K0.0026.96N/AN/A00588609
2011-02-09$24.52$25.0024.9%6.1%14.7%32.4%21.4%3.3%2.2%19.7K67.7K-3.5K0.0030.50N/AN/A02588609
2011-02-10$24.64$25.0021.1%6.0%14.8%21.6%0.0%3.7%2.4%21.3K59.9K-3.4K0.0027.77N/AN/A010588611
2011-02-11$24.69$25.0021.2%6.1%14.7%21.9%21.2%3.3%1.9%23.1K18.5K-3.5K0.0027.01N/AN/A120588621
2011-02-14$24.61$25.0023.3%6.7%14.8%27.9%23.3%3.1%-1.3%22.1K61.5K-3.3K0.0028.36N/AN/A10600621
2011-02-15$24.45$25.0023.3%6.7%14.5%27.8%23.2%1.2%-1.0%21.3K130.0K-3.2K0.0048.12N/AN/A011600621
2011-02-16$24.52$25.0022.0%6.3%14.1%24.1%22.0%1.8%1.2%23.1K86.3K-3.3K0.4836.50N/AN/A3115600627
2011-02-17$24.56$25.0019.5%5.6%13.9%17.2%19.5%1.3%3.5%28.9K142.9K-3.2K2.2092.53N/AN/A511614630
2011-02-18$24.75$25.0018.2%5.2%14.1%13.6%18.2%1.6%3.8%48.5K63.2K-3.2K0.1262.30N/AN/A435614627
2011-02-22$24.73$25.0022.1%6.3%14.1%24.4%22.1%-6.4%-2.3%14.6K37.2K-3.0K0.0092.73N/AN/A730506567
2011-02-23$24.73$25.0023.2%6.7%11.5%27.7%23.2%-4.9%-1.4%19.0K-126.9K-3.4K0.7859.98N/AN/A5442569567
2011-02-24$24.58$25.0021.5%6.2%11.4%22.9%21.5%-5.3%-0.3%23.0K-46.5K-3.4K0.56101.44N/AN/A1810602557
2011-02-25$25.22$25.0022.1%6.3%13.8%24.5%0.0%26.0%1.9%25.9K-310.4K-3.5K0.1494.35N/AN/A142606567
2011-02-28$25.69$25.0016.6%4.8%14.5%9.2%14.3%-5.4%6.8%37.0K-625.0K-3.2K0.87104.74N/AN/A2320617569