NNN Options History — February 2020

In February 2020, NNN traded between $50.67 and $58.70. ATM implied volatility averaged 20.6%, placing in the 48.0% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 5.4% (HV 20d: 15.2%). Max pain ranged from $55.00 to $55.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.72.

Notable Days

  • 2020-02-24: Highest Volume — 124 contracts
  • 2020-02-28: Largest IV spike — 57.8% change
  • 2020-02-28: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$56.43$50.67$58.70$56.64$50.67
Max Pain$55.00$55.00$55.00$55.00$55.00
ATM IV20.6%14.0%40.2%21.0%40.2%
Expected Move5.7%4.0%11.5%6.0%11.5%
HV 20d15.2%11.9%33.9%12.7%33.9%
HV 60d17.9%16.9%24.1%17.5%24.1%
IV Rank48.0%23.3%100.0%50.9%100.0%
IV Percentile70.8%24.6%100.0%90.5%100.0%
Term Structure-1.2%-6.8%0.6%-2.0%-6.8%
VWIV19.1%11.3%38.6%19.6%38.6%
Skew 25d4.7%-4.0%10.0%9.2%10.0%
Skew 10d7.5%-0.7%22.0%7.5%22.0%
Call IV 25d16.5%8.5%35.8%11.8%35.8%
Put IV 25d21.2%11.3%45.9%21.0%45.9%
Bid-Ask Spread %95.6482.38106.2395.3182.38
Gamma HHI0.440.290.620.400.29
Net GEX197.8K14.2K249.4K211.7K14.2K
Net DEX-1.8M-3.0M753.4K-1.9M753.4K
Net VEX-9.1K-10.3K-7.8K-10.3K-8.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.003.900.320.28
Total Volume35.57911248383
Total OI1,755.6841,6151,8651,6821,750

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$56.64$55.0021.0%6.0%12.7%50.9%19.6%9.2%-2.0%211.7K-1.9M-10.3K0.3295.31N/AN/A63201,102580
2020-02-04$56.33$55.0021.2%6.1%13.0%51.7%12.6%6.7%-2.4%199.6K-1.7M-10.3K0.20103.42N/AN/A511,117600
2020-02-05$56.25$55.0021.3%6.1%12.7%52.3%21.7%4.3%-2.6%198.6K-1.7M-9.9K1.0096.54N/AN/A331,122600
2020-02-06$56.77$55.0021.5%5.3%12.9%52.9%0.0%3.4%-1.1%214.9K-2.0M-9.7K0.0090.81N/AN/A301,122603
2020-02-07$56.95$55.0021.8%5.4%12.4%54.2%15.8%3.2%-1.5%222.5K-2.1M-9.9K0.0091.22N/AN/A1501,125603
2020-02-10$57.01$55.0025.0%5.6%12.2%67.1%19.5%4.1%-2.1%227.0K-2.2M-9.8K0.4792.66N/AN/A1571,136602
2020-02-11$56.28$55.0017.6%4.8%13.4%37.6%15.9%1.2%-0.2%217.3K-1.7M-8.7K3.9095.76N/AN/A10391,149603
2020-02-12$55.75$55.0015.8%4.5%14.0%30.5%15.8%6.7%0.3%194.5K-1.3M-8.8K0.5098.17N/AN/A1051,148642
2020-02-13$56.03$55.0016.3%4.7%12.6%32.1%16.3%6.8%0.6%204.8K-1.5M-8.5K0.0899.27N/AN/A3631,153646
2020-02-14$56.97$55.0016.7%4.8%13.7%34.0%16.7%8.2%-0.2%211.0K-2.2M-8.2K0.00100.42N/AN/A1701,154646
2020-02-18$57.21$55.0014.0%4.0%13.7%23.3%11.3%-4.0%0.4%216.0K-2.4M-7.8K1.45106.23N/AN/A11161,160646
2020-02-19$56.95$55.0018.2%5.2%11.9%40.0%15.3%3.5%-0.8%200.0K-2.3M-8.3K0.6999.30N/AN/A29201,164652
2020-02-20$57.91$55.0015.0%4.3%12.9%27.0%15.2%3.0%0.5%244.3K-2.8M-8.4K0.0098.62N/AN/A901,186672
2020-02-21$58.23$55.0016.2%4.6%12.7%32.0%16.6%3.3%0.3%239.0K-3.0M-8.7K0.0289.69N/AN/A5211,193672
2020-02-24$58.70$55.0017.4%5.0%12.7%36.7%19.8%5.9%0.2%249.4K-2.8M-8.7K0.1195.23N/AN/A112121,026589
2020-02-25$57.44$55.0024.3%7.0%15.2%64.2%24.1%2.9%-0.9%221.9K-2.2M-9.7K2.1397.85N/AN/A15321,127582
2020-02-26$57.08$55.0022.6%6.5%15.4%57.4%0.0%2.3%-0.6%212.7K-1.9M-10.0K0.0091.99N/AN/A101,135608
2020-02-27$53.05$55.0025.4%7.3%30.4%68.8%30.7%8.3%-4.1%59.5K82.6K-8.7K2.5092.23N/AN/A8201,135608
2020-02-28$50.67$55.0040.2%11.5%33.9%100.0%38.6%10.0%-6.8%14.2K753.4K-8.5K0.2882.38N/AN/A65181,134616