NNN Options History — February 2023

In February 2023, NNN traded between $45.05 and $47.40. ATM implied volatility averaged 21.0%, placing in the 16.3% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 4.4% (HV 20d: 16.6%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 1.89.

Notable Days

2023-02-09: Highest Volume — 187 contracts
2023-02-17: Largest IV spike — 52.4% change
2023-02-01: Highest IV Rank — 32.9%
2023-02-01: Largest Expected Move — 7.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$46.48	$45.05	$47.40	$47.28	$45.56
Max Pain	$45.00	$45.00	$45.00	$45.00	$45.00
ATM IV	21.0%	14.4%	27.6%	27.6%	21.1%
Expected Move	5.9%	4.1%	7.9%	7.9%	6.1%
HV 20d	16.6%	14.3%	19.5%	19.3%	14.8%
HV 60d	16.9%	15.8%	17.9%	17.9%	15.8%
IV Rank	16.3%	0.0%	32.9%	32.9%	16.7%
IV Percentile	33.8%	0.0%	75.0%	75.0%	31.7%
Term Structure	-3.1%	-9.7%	4.8%	-9.7%	-1.9%
VWIV	20.1%	11.3%	26.7%	24.5%	21.1%
Skew 25d	3.7%	-5.7%	11.7%	10.3%	11.7%
Skew 10d	9.2%	-14.6%	22.4%	8.4%	22.4%
Call IV 25d	17.8%	15.3%	23.2%	15.3%	15.6%
Put IV 25d	21.5%	11.2%	27.3%	25.6%	27.3%
Bid-Ask Spread %	80.49	32.14	103.06	83.66	32.14
Gamma HHI	0.59	0.46	0.70	0.59	0.49
Net GEX	362.3K	251.0K	443.9K	443.9K	290.7K
Net DEX	-4.1M	-5.7M	-2.4M	-5.7M	-3.1M
Net VEX	-21.8K	-24.9K	-17.8K	-24.9K	-19.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.89	0.22	9.27	2.48	0.72
Total Volume	74.474	8	187	73	69
Total OI	3,885.579	3,598	4,160	3,770	3,760

Daily Data (19 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2023-02-01	$47.28	$45.00	27.6%	7.9%	19.3%	32.9%	24.5%	10.3%	-9.7%	443.9K	-5.7M	-24.9K	2.48	83.66	N/A	N/A	21	52	2,932	838
2023-02-02	$47.40	$45.00	21.5%	6.2%	19.3%	17.7%	19.6%	2.2%	-1.1%	438.9K	-5.2M	-24.2K	1.03	43.99	N/A	N/A	30	31	2,948	878
2023-02-03	$46.98	$45.00	21.7%	4.3%	19.5%	18.2%	11.3%	-5.7%	1.9%	414.5K	-5.0M	-23.7K	2.27	88.66	N/A	N/A	15	34	2,971	897
2023-02-06	$47.08	$45.00	23.8%	6.6%	19.0%	23.4%	22.8%	5.5%	-3.8%	423.2K	-5.2M	-24.4K	4.73	79.86	N/A	N/A	11	52	2,970	929
2023-02-07	$47.21	$45.00	25.5%	6.7%	19.0%	27.7%	22.0%	4.6%	-4.3%	419.0K	-5.2M	-24.6K	0.26	85.06	N/A	N/A	54	14	2,979	978
2023-02-08	$46.89	$45.00	21.9%	6.3%	18.3%	18.8%	24.6%	4.5%	-3.8%	405.8K	-4.8M	-23.4K	3.17	87.40	N/A	N/A	18	57	2,988	989
2023-02-09	$46.17	$45.00	20.4%	5.9%	15.4%	15.0%	20.4%	4.1%	4.8%	346.4K	-3.8M	-22.7K	1.08	82.07	N/A	N/A	90	97	2,992	1,034
2023-02-10	$46.86	$45.00	14.8%	4.2%	15.6%	0.8%	18.8%	-4.3%	-7.6%	376.5K	-4.5M	-23.2K	0.72	91.04	N/A	N/A	25	18	2,936	1,117
2023-02-13	$47.11	$45.00	21.7%	6.2%	15.4%	18.2%	26.7%	3.7%	-0.7%	376.2K	-4.5M	-22.6K	0.24	82.38	N/A	N/A	55	13	2,913	1,138
2023-02-14	$46.75	$45.00	20.5%	5.9%	15.4%	15.2%	20.7%	3.7%	-6.1%	347.6K	-4.4M	-22.8K	1.67	86.65	N/A	N/A	3	5	2,960	1,139
2023-02-15	$46.64	$45.00	18.7%	5.4%	14.5%	10.7%	18.4%	2.9%	0.2%	353.5K	-3.9M	-20.5K	0.86	82.61	N/A	N/A	37	32	2,960	1,154
2023-02-16	$46.68	$45.00	14.4%	4.1%	14.4%	0.0%	14.3%	-0.1%	1.0%	347.2K	-4.3M	-21.2K	0.22	102.03	N/A	N/A	27	6	2,960	1,155
2023-02-17	$46.80	$45.00	22.0%	6.3%	14.3%	19.0%	21.9%	3.7%	-1.6%	391.0K	-4.5M	-22.9K	0.65	91.78	N/A	N/A	23	15	3,000	1,160
2023-02-21	$46.14	$45.00	22.6%	6.5%	15.1%	20.3%	17.4%	4.0%	-8.5%	348.6K	-3.4M	-20.3K	9.27	85.24	N/A	N/A	11	102	2,881	754
2023-02-22	$45.40	$45.00	22.0%	6.3%	16.0%	19.0%	23.2%	2.7%	-4.8%	325.4K	-2.6M	-18.4K	0.97	96.89	N/A	N/A	73	71	2,886	768
2023-02-23	$45.83	$45.00	21.7%	6.2%	16.5%	18.2%	22.1%	2.8%	-3.2%	332.1K	-3.0M	-18.7K	1.10	38.62	N/A	N/A	21	23	2,828	770
2023-02-24	$45.05	$45.00	15.7%	4.5%	17.3%	3.1%	13.0%	4.5%	-3.3%	252.5K	-2.5M	-19.0K	2.05	103.06	N/A	N/A	19	39	2,828	789
2023-02-27	$45.31	$45.00	20.6%	5.9%	16.3%	15.6%	19.9%	9.3%	-5.6%	251.0K	-2.4M	-17.8K	2.45	86.09	N/A	N/A	44	108	2,820	827
2023-02-28	$45.56	$45.00	21.1%	6.1%	14.8%	16.7%	21.1%	11.7%	-1.9%	290.7K	-3.1M	-19.2K	0.72	32.14	N/A	N/A	40	29	2,826	934