NNN Options History — January 2025

In January 2025, NNN traded between $38.04 and $40.67. ATM implied volatility averaged 20.2%, placing in the 14.4% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded below realized volatility by 0.4% (HV 20d: 20.6%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 2.03.

Notable Days

  • 2025-01-29: Highest Volume — 940 contracts
  • 2025-01-14: Largest IV drop — 47.0% change
  • 2025-01-13: Highest IV Rank — 30.4%
  • 2025-01-10: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.58$38.04$40.67$40.17$39.31
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV20.2%16.3%30.6%20.1%21.3%
Expected Move5.7%5.2%6.4%5.7%6.1%
HV 20d20.6%14.8%24.2%14.8%24.0%
HV 60d21.6%20.0%22.8%20.7%20.0%
IV Rank14.4%8.5%30.4%14.3%16.1%
IV Percentile48.7%23.0%85.3%50.4%61.1%
Term Structure-1.0%-8.6%1.4%-8.6%-1.4%
VWIV20.1%18.3%22.2%20.1%21.3%
Skew 25d14.9%0.4%31.0%4.3%0.4%
Skew 10d23.1%1.9%43.2%7.3%1.9%
Call IV 25d18.0%14.4%20.6%17.8%19.4%
Put IV 25d32.9%19.7%50.2%22.2%19.7%
Bid-Ask Spread %79.4161.8296.0675.2886.89
Gamma HHI0.410.330.500.460.38
Net GEX-45.3K-124.0K53.3K-110.3K-27.5K
Net DEX285.0K-1.5M2.3M576.2K508.1K
Net VEX-19.8K-29.1K-14.2K-15.2K-29.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.030.0620.360.250.82
Total Volume256.9582940193135
Total OI4,902.43,7246,4073,7246,407

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$40.17$40.0020.1%5.7%14.8%14.3%20.1%4.3%-8.6%-110.3K576.2K-15.2K0.2575.28N/AN/A155382,4691,255
2025-01-03$40.38$40.0019.8%5.7%15.1%13.9%19.8%1.1%0.6%-99.0K269.3K-16.3K2.5561.82N/AN/A491252,4811,289
2025-01-06$39.64$40.0018.4%5.5%16.0%11.8%19.2%18.1%0.4%-124.0K882.6K-14.2K1.3895.43N/AN/A1462012,5261,223
2025-01-07$38.61$40.0017.0%5.6%17.8%9.6%19.7%3.0%1.4%-88.4K2.0M-14.7K0.7286.65N/AN/A3942842,6621,439
2025-01-08$38.92$40.0018.8%5.7%18.0%12.4%20.9%4.1%-0.8%-94.8K1.4M-16.4K5.6070.71N/AN/A623472,9701,583
2025-01-10$38.04$40.0023.1%6.4%19.2%18.8%22.2%4.8%-0.8%-84.6K2.3M-18.3K0.9486.44N/AN/A1111043,0131,909
2025-01-13$38.51$40.0030.6%5.6%20.0%30.4%19.6%4.0%-1.0%-47.2K1.1M-18.3K0.3566.91N/AN/A162573,0161,712
2025-01-14$39.28$40.0016.3%5.8%21.7%8.5%20.5%6.1%-1.6%-9.9K466.8K-19.6K1.3677.76N/AN/A811103,0891,765
2025-01-15$39.45$40.0018.8%5.4%21.9%12.3%18.8%20.6%-0.0%-36.6K397.7K-18.6K0.0680.32N/AN/A10863,1011,857
2025-01-16$39.92$40.0020.8%6.0%22.5%15.4%20.8%19.1%-2.3%-108.2K-68.0K-19.7K0.0862.77N/AN/A267213,1201,854
2025-01-17$40.16$40.0018.3%5.2%22.7%11.6%18.3%19.7%-0.1%-96.2K-835.4K-20.3K0.8078.60N/AN/A115923,2441,856
2025-01-21$40.52$40.0018.4%5.3%20.6%11.7%18.4%19.8%0.5%30.1K-1.1M-18.5K0.5873.11N/AN/A52302,9881,764
2025-01-22$39.65$40.0018.5%5.3%21.4%11.9%18.5%21.3%-0.0%-24.2K76.1K-19.6K0.9683.48N/AN/A1111073,0251,787
2025-01-23$39.50$40.0019.2%5.5%20.9%13.0%19.3%24.0%-0.3%-36.5K124.4K-20.6K0.3577.74N/AN/A231813,0651,873
2025-01-24$39.69$40.0019.1%5.5%21.0%12.8%19.1%24.4%-0.3%6.6K-252.7K-21.7K1.5575.04N/AN/A33513,2911,950
2025-01-27$40.67$40.0021.6%6.2%22.8%16.6%21.6%21.1%-2.1%53.3K-1.5M-23.1K0.3869.23N/AN/A100383,3241,999
2025-01-28$40.33$40.0021.4%6.1%23.0%16.3%21.4%21.9%-1.6%38.5K-1.1M-23.2K0.3389.87N/AN/A64213,3522,004
2025-01-29$39.39$40.0021.9%6.3%24.2%17.0%21.9%29.1%-1.7%7.4K-31.4K-22.3K20.3696.06N/AN/A448963,4052,024
2025-01-30$39.38$40.0020.0%5.7%24.2%14.1%20.0%31.0%0.5%-54.6K563.2K-26.9K1.2994.10N/AN/A48623,4372,920
2025-01-31$39.31$40.0021.3%6.1%24.0%16.1%21.3%0.4%-1.4%-27.5K508.1K-29.1K0.8286.89N/AN/A74613,4342,973