NNN Options History — March 2025

In March 2025, NNN traded between $41.36 and $43.38. ATM implied volatility averaged 22.1%, placing in the 17.5% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 4.2% (HV 20d: 18.0%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.34.

Notable Days

  • 2025-03-11: Highest Volume — 602 contracts
  • 2025-03-10: Largest IV spike — 63.3% change
  • 2025-03-13: Highest IV Rank — 25.3%
  • 2025-03-13: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.29$41.36$43.38$42.74$42.71
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV22.1%15.3%27.3%17.6%16.3%
Expected Move6.5%4.4%8.3%5.0%6.4%
HV 20d18.0%11.2%25.7%25.7%12.3%
HV 60d21.9%21.3%22.4%22.2%21.5%
IV Rank17.5%7.1%25.3%10.5%8.5%
IV Percentile61.3%15.1%83.3%33.7%23.4%
Term Structure0.2%-5.1%3.7%0.2%2.7%
VWIV24.7%14.1%32.8%22.8%25.0%
Skew 25d5.6%1.1%9.4%6.0%2.8%
Skew 10d6.2%-5.9%12.1%8.5%3.5%
Call IV 25d18.8%12.0%23.2%19.4%20.3%
Put IV 25d24.4%20.4%29.2%25.4%23.2%
Bid-Ask Spread %87.7963.90123.8384.0674.18
Gamma HHI0.500.350.680.620.48
Net GEX117.7K1.8K262.0K185.4K106.3K
Net DEX-3.7M-5.6M-1.5M-4.6M-3.0M
Net VEX-24.2K-27.2K-20.7K-25.2K-23.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.340.056.720.481.27
Total Volume133.192860292143
Total OI6,769.5244,9907,7876,8705,398

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$42.74$40.0017.6%5.0%25.7%10.5%22.8%6.0%0.2%185.4K-4.6M-25.2K0.4884.06N/AN/A62303,4263,444
2025-03-04$42.78$40.0017.1%4.9%25.5%9.7%22.7%1.8%-0.2%211.0K-4.7M-26.0K0.1586.59N/AN/A67103,5033,430
2025-03-05$42.96$40.0020.3%5.8%25.3%14.7%29.0%5.1%0.1%214.4K-5.0M-24.7K1.2591.06N/AN/A20253,5103,435
2025-03-06$43.00$40.0018.0%5.2%25.2%11.2%28.9%6.8%0.1%223.5K-5.0M-25.5K0.4585.33N/AN/A152693,5053,454
2025-03-07$42.92$40.0015.3%4.4%25.1%7.1%14.1%6.6%0.3%222.6K-5.0M-26.4K0.4899.42N/AN/A56273,6223,466
2025-03-10$43.38$40.0025.0%7.2%24.7%21.8%26.0%9.0%-0.4%262.0K-5.6M-25.0K0.2895.05N/AN/A98273,6453,491
2025-03-11$42.92$40.0023.3%6.5%24.8%19.2%27.8%6.2%-0.3%229.9K-5.0M-27.2K3.6794.47N/AN/A1294733,7043,515
2025-03-12$42.28$40.0026.2%7.4%18.0%23.6%32.8%2.3%-0.9%153.0K-4.0M-26.4K1.8087.19N/AN/A10183,7453,885
2025-03-13$41.98$40.0027.3%8.3%17.1%25.3%28.6%3.9%-2.6%88.9K-3.5M-26.1K0.3088.82N/AN/A3093,7543,897
2025-03-14$42.17$40.0026.5%7.3%15.0%24.1%31.5%4.4%-0.5%103.4K-3.7M-26.2K0.3598.02N/AN/A2693,7533,909
2025-03-17$42.48$40.0026.2%6.9%14.9%23.6%23.5%3.4%-2.5%152.9K-4.2M-24.1K1.9281.05N/AN/A26503,7473,906
2025-03-18$42.23$40.0025.5%7.0%15.0%22.6%23.5%3.1%-0.4%107.3K-4.0M-23.8K2.1084.90N/AN/A10213,7713,882
2025-03-19$41.79$40.0024.3%6.7%15.5%20.7%22.8%1.5%-0.5%43.7K-3.7M-22.2K6.7287.24N/AN/A181213,7703,891
2025-03-20$41.58$0.0022.9%6.7%15.6%18.6%0.0%8.8%-5.1%9.4K-3.4M-22.3K2.19123.83N/AN/A27593,7643,995
2025-03-21$41.47$0.0023.5%6.9%15.4%19.5%24.0%8.1%0.5%8.4K-3.4M-22.2K0.6592.75N/AN/A72473,7664,021
2025-03-24$41.52$40.0022.2%6.6%14.8%17.6%20.8%9.3%1.0%1.8K-1.6M-20.7K0.6782.93N/AN/A2831902,0292,961
2025-03-25$41.36$40.0020.6%6.5%13.2%15.1%22.8%1.1%2.2%7.5K-1.5M-22.5K1.1585.65N/AN/A27312,2812,992
2025-03-26$41.73$40.0020.7%6.9%11.6%15.2%21.7%8.4%3.5%35.2K-2.0M-22.6K0.0573.59N/AN/A13172,2893,025
2025-03-27$42.05$40.0023.0%7.3%11.6%18.8%22.0%9.4%3.7%48.0K-2.2M-22.8K0.1863.90N/AN/A104192,2073,027
2025-03-28$42.09$40.0023.3%7.1%11.2%19.2%23.5%9.1%2.6%57.7K-2.4M-23.0K2.0583.50N/AN/A21432,3093,036
2025-03-31$42.71$40.0016.3%6.4%12.3%8.5%25.0%2.8%2.7%106.3K-3.0M-23.6K1.2774.18N/AN/A63802,3213,077