NNN Options History — April 2023

In April 2023, NNN traded between $42.42 and $43.84. ATM implied volatility averaged 20.8%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 1.3% (HV 20d: 19.5%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.68.

Notable Days

  • 2023-04-03: Highest Volume — 338 contracts
  • 2023-04-28: Largest IV spike — 74.8% change
  • 2023-04-28: Highest IV Rank — 41.2%
  • 2023-04-28: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.12$42.42$43.84$43.84$43.58
Max Pain$43.16$40.00$45.00$45.00$45.00
ATM IV20.8%15.6%30.9%22.5%30.9%
Expected Move5.9%4.5%8.9%6.5%8.9%
HV 20d19.5%14.4%26.7%26.7%15.3%
HV 60d19.5%18.9%20.8%20.8%19.2%
IV Rank15.9%2.9%41.2%20.3%41.2%
IV Percentile30.2%2.4%83.7%46.8%83.7%
Term Structure1.1%-2.4%7.3%-0.4%-1.7%
VWIV23.8%16.8%30.6%27.9%21.9%
Skew 25d7.7%1.3%27.5%13.9%27.5%
Skew 10d19.8%6.7%85.1%18.2%40.1%
Call IV 25d20.5%17.2%27.9%18.5%27.9%
Put IV 25d28.2%22.8%55.4%32.4%55.4%
Bid-Ask Spread %61.8124.71101.6687.15100.93
Gamma HHI0.400.360.460.440.46
Net GEX330.7K236.2K448.6K424.7K448.6K
Net DEX-2.4M-3.7M-1.5M-3.7M-3.2M
Net VEX-24.6K-30.0K-17.9K-30.0K-25.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.021.830.200.10
Total Volume72.1051733833846
Total OI5,255.4214,9215,4375,0455,272

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$43.84$45.0022.5%6.5%26.7%20.3%27.9%13.9%-0.4%424.7K-3.7M-30.0K0.2087.15N/AN/A282564,312733
2023-04-04$43.72$45.0020.5%5.9%26.3%15.2%0.0%5.1%-1.3%389.6K-3.1M-28.9K0.5672.71N/AN/A1694,431771
2023-04-05$43.59$45.0020.6%5.9%26.3%15.6%20.5%8.8%-0.3%399.5K-3.0M-28.5K0.4286.96N/AN/A1254,440780
2023-04-06$43.16$40.0022.0%5.7%26.3%19.0%26.2%7.2%2.3%320.1K-2.2M-25.0K1.3351.81N/AN/A9124,444784
2023-04-10$43.28$40.0022.4%6.3%21.1%20.0%28.2%6.0%-2.4%371.4K-2.5M-26.0K0.0044.71N/AN/A0424,443789
2023-04-11$43.33$40.0017.9%5.2%20.0%8.6%30.6%9.7%2.3%350.3K-2.5M-26.0K1.0039.56N/AN/A13134,443831
2023-04-12$42.83$40.0020.8%6.0%20.3%16.0%29.4%6.6%2.7%275.3K-2.0M-25.2K0.0889.87N/AN/A8674,446842
2023-04-13$42.70$40.0021.9%6.3%20.2%18.8%25.1%8.2%1.4%296.1K-2.2M-25.2K1.6765.78N/AN/A9154,529809
2023-04-14$42.42$40.0021.6%6.2%19.9%17.8%23.1%1.6%7.3%254.8K-2.0M-24.9K0.21101.66N/AN/A1434,533816
2023-04-17$43.23$40.0022.1%6.4%20.0%19.3%24.3%7.0%0.6%355.3K-2.4M-23.8K0.9442.47N/AN/A49464,532816
2023-04-18$42.89$45.0020.5%5.9%19.5%15.1%23.5%5.6%0.8%315.4K-2.2M-24.4K1.0091.62N/AN/A17174,537855
2023-04-19$43.20$45.0020.4%5.8%19.6%14.9%18.5%8.0%2.8%343.6K-2.6M-24.5K0.1624.71N/AN/A4574,543869
2023-04-20$43.00$45.0024.0%6.9%15.2%24.1%22.3%1.3%0.0%299.6K-2.1M-22.6K1.8343.59N/AN/A6114,561876
2023-04-21$43.17$45.0019.6%5.6%15.2%13.0%20.9%3.9%-1.9%279.4K-2.1M-21.7K1.3827.37N/AN/A13184,561865
2023-04-24$42.88$45.0015.6%4.5%14.4%2.9%19.8%4.3%0.0%236.2K-1.5M-17.9K0.1040.08N/AN/A178184,293628
2023-04-25$43.14$45.0016.7%4.8%14.5%5.6%16.8%11.1%1.8%315.2K-2.1M-21.6K0.5594.58N/AN/A49274,455646
2023-04-26$42.52$45.0017.1%4.9%15.6%6.5%27.4%4.4%4.5%275.4K-1.9M-23.5K0.7329.56N/AN/A22164,500673
2023-04-27$42.86$45.0017.7%5.1%14.4%8.1%22.7%6.0%2.2%333.3K-2.0M-22.1K0.0239.29N/AN/A17844,516679
2023-04-28$43.58$45.0030.9%8.9%15.3%41.2%21.9%27.5%-1.7%448.6K-3.2M-25.4K0.10100.93N/AN/A4244,630642