NNN Options History — May 2023

In May 2023, NNN traded between $41.78 and $44.75. ATM implied volatility averaged 22.9%, placing in the 26.4% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 7.8% (HV 20d: 15.1%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 1.01.

Notable Days

  • 2023-05-23: Highest Volume — 535 contracts
  • 2023-05-24: Largest IV spike — 234.0% change
  • 2023-05-24: Highest IV Rank — 100.0%
  • 2023-05-24: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.37$41.78$44.75$43.14$42.72
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV22.9%13.2%44.2%18.0%17.2%
Expected Move6.3%3.8%12.7%5.2%4.9%
HV 20d15.1%14.3%16.3%14.3%15.0%
HV 60d19.3%18.9%19.6%19.3%19.2%
IV Rank26.4%0.0%100.0%9.0%12.8%
IV Percentile40.5%0.0%100.0%9.1%8.3%
Term Structure-3.9%-45.2%8.4%-3.4%0.9%
VWIV21.7%15.2%28.6%23.5%18.2%
Skew 25d5.6%-1.3%14.5%4.7%14.1%
Skew 10d10.2%1.3%32.3%17.3%12.5%
Call IV 25d19.6%12.1%27.0%20.4%12.8%
Put IV 25d25.1%18.6%33.3%25.1%26.9%
Bid-Ask Spread %67.8826.65103.6090.2486.15
Gamma HHI0.440.330.540.430.36
Net GEX451.2K133.2K698.0K392.1K256.5K
Net DEX-3.2M-5.4M-1.1M-2.9M-2.0M
Net VEX-24.1K-29.2K-19.7K-23.9K-20.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.0514.740.080.63
Total Volume88.51153510326
Total OI5,651.4095,3046,0905,3046,090

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$43.14$45.0018.0%5.2%14.3%9.0%23.5%4.7%-3.4%392.1K-2.9M-23.9K0.0890.24N/AN/A9584,662642
2023-05-02$43.20$45.0019.1%5.5%14.3%11.6%0.0%5.8%1.4%455.5K-3.3M-26.4K0.1286.55N/AN/A2534,709646
2023-05-03$43.52$45.0018.3%5.2%14.6%9.7%22.0%2.6%5.9%504.7K-3.4M-26.5K0.05103.60N/AN/A9154,717649
2023-05-04$44.05$45.0028.0%6.6%15.2%34.0%26.6%9.9%-3.3%538.1K-4.1M-26.6K0.2195.06N/AN/A4294,797651
2023-05-05$44.39$45.0016.5%5.3%14.9%5.1%19.9%4.6%-0.7%695.5K-5.1M-29.2K0.1093.56N/AN/A124124,840649
2023-05-08$44.75$45.0028.5%5.9%15.0%35.4%20.9%3.3%1.0%643.2K-5.4M-29.2K0.3955.80N/AN/A51204,860648
2023-05-09$44.30$45.0025.2%5.4%15.6%26.9%22.9%4.3%1.8%652.8K-4.5M-26.9K0.6348.13N/AN/A19124,869656
2023-05-10$44.45$45.0023.0%6.6%14.9%21.5%23.1%3.0%-1.8%698.0K-4.7M-28.5K0.0850.57N/AN/A9274,869667
2023-05-11$43.69$45.0024.0%6.9%16.3%23.9%24.8%2.5%-2.1%549.6K-4.0M-27.1K0.0528.83N/AN/A1914,941674
2023-05-12$43.95$45.0019.2%5.5%16.1%16.6%19.2%4.3%3.0%481.6K-3.8M-25.2K0.1550.69N/AN/A66104,945675
2023-05-15$44.08$45.0022.2%6.4%14.8%27.2%22.1%6.1%-0.5%642.5K-4.2M-28.0K0.2129.87N/AN/A3375,024677
2023-05-16$43.55$45.0024.8%7.1%15.2%36.3%25.4%1.8%-5.1%512.3K-3.2M-23.4K0.4126.65N/AN/A1775,037680
2023-05-17$43.61$45.0016.2%4.7%15.0%6.3%17.4%6.5%6.0%556.3K-3.1M-22.2K0.1083.84N/AN/A1015,033662
2023-05-18$43.11$45.0019.7%5.6%15.5%18.4%21.2%5.3%-9.5%461.9K-2.9M-22.0K0.5630.27N/AN/A1695,035661
2023-05-19$42.94$45.0016.3%4.7%15.5%6.5%20.0%3.7%-2.1%324.8K-2.3M-19.7K0.0529.20N/AN/A322165,033669
2023-05-22$42.98$45.0015.2%4.4%15.3%2.5%19.0%2.1%1.8%363.8K-2.2M-20.2K0.5581.16N/AN/A22124,812578
2023-05-23$43.00$45.0013.2%3.8%15.2%0.0%28.6%14.5%8.4%383.5K-2.9M-22.3K14.7497.33N/AN/A345014,849595
2023-05-24$42.45$45.0044.2%12.7%15.0%100.0%22.0%3.7%-45.2%267.4K-2.0M-23.2K0.5599.97N/AN/A1164,8871,107
2023-05-25$41.78$45.0024.9%7.1%15.7%37.6%27.0%-1.3%-2.8%133.2K-1.1M-20.2K2.0090.84N/AN/A29584,8961,128
2023-05-26$42.19$45.0030.8%8.8%14.8%56.8%15.9%13.0%-5.8%195.0K-1.3M-20.0K0.0792.02N/AN/A2724,8971,152
2023-05-30$42.30$45.0038.7%11.1%14.5%82.3%15.2%7.5%-33.7%218.8K-1.6M-20.4K0.4943.09N/AN/A47234,9081,155
2023-05-31$42.72$45.0017.2%4.9%15.0%12.8%18.2%14.1%0.9%256.5K-2.0M-20.0K0.6386.15N/AN/A16104,9211,169