NNN Options History — April 2025

In April 2025, NNN traded between $37.37 and $42.52. ATM implied volatility averaged 28.6%, placing in the 27.3% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 1.5% (HV 20d: 30.1%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 8.05.

Notable Days

  • 2025-04-10: Highest Volume — 2,019 contracts
  • 2025-04-30: Largest IV spike — 90.3% change
  • 2025-04-07: Highest IV Rank — 54.8%
  • 2025-04-08: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.69$37.37$42.52$42.31$40.73
Max Pain$40.48$40.00$45.00$40.00$45.00
ATM IV28.6%14.3%46.7%25.4%27.2%
Expected Move7.9%4.1%12.7%7.9%7.8%
HV 20d30.1%12.8%35.8%12.8%35.6%
HV 60d25.4%21.2%27.1%21.4%26.3%
IV Rank27.3%5.5%54.8%22.5%25.2%
IV Percentile78.3%9.5%97.2%78.6%83.7%
Term Structure-1.0%-8.7%11.3%2.3%-2.5%
VWIV29.1%14.9%45.5%24.7%27.4%
Skew 25d17.4%2.2%67.1%2.2%15.5%
Skew 10d30.4%-0.3%94.4%4.2%28.8%
Call IV 25d20.4%14.4%32.7%21.8%18.7%
Put IV 25d37.8%24.0%99.8%24.0%34.2%
Bid-Ask Spread %81.4259.55108.8468.4484.36
Gamma HHI0.350.270.550.430.32
Net GEX-76.8K-252.7K100.7K75.0K-89.7K
Net DEX-797.0K-3.0M3.6M-2.6M-292.9K
Net VEX-25.3K-34.1K-18.3K-23.3K-26.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio8.050.4062.880.8419.60
Total Volume355.095232,019175103
Total OI7,531.3335,4969,4035,4969,143

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$42.31$40.0025.4%7.9%12.8%22.5%24.7%2.2%2.3%75.0K-2.6M-23.3K0.8468.44N/AN/A95802,3853,111
2025-04-02$42.52$40.0019.2%6.1%12.8%13.0%21.6%3.6%-0.6%79.3K-3.0M-22.3K0.4059.55N/AN/A84342,4613,188
2025-04-03$41.92$40.0028.5%8.3%13.7%27.1%29.9%6.1%-3.5%40.9K-2.2M-26.7K62.8869.79N/AN/A85032,5243,219
2025-04-04$40.77$40.0036.4%8.9%16.6%39.2%34.4%7.0%-3.9%-44.3K-533.0K-30.5K6.6886.69N/AN/A664412,5303,440
2025-04-07$38.42$40.0046.7%7.5%25.5%54.8%32.2%7.2%11.3%-137.7K2.2M-29.7K1.41108.84N/AN/A1271792,5513,742
2025-04-08$37.37$40.0044.5%12.7%26.6%51.6%45.5%27.3%-5.8%-163.1K3.6M-28.7K1.8983.17N/AN/A1863522,5023,785
2025-04-09$39.13$40.0021.7%6.2%32.3%16.8%28.0%17.0%9.5%-202.4K1.6M-26.0K1.4694.65N/AN/A2443572,5054,024
2025-04-10$38.78$40.0033.4%9.6%32.3%34.5%30.7%15.5%-3.1%-185.5K1.9M-29.7K23.0479.19N/AN/A841,9352,5844,013
2025-04-11$39.70$40.0031.4%9.0%33.7%31.5%32.9%15.9%-1.6%-252.7K1.6M-34.1K3.6572.67N/AN/A341242,5765,425
2025-04-14$40.82$40.0028.8%8.3%35.3%27.6%27.9%22.1%-1.4%-191.6K-629.2K-26.8K0.5374.18N/AN/A57302,5715,541
2025-04-15$41.11$40.0031.1%8.9%35.4%31.1%30.7%13.0%-5.1%-108.5K-1.3M-26.9K1.1877.05N/AN/A40472,5835,538
2025-04-16$41.23$40.0027.9%8.0%35.2%26.3%27.9%31.5%-1.5%-124.4K-1.3M-26.1K3.6882.94N/AN/A311142,5975,553
2025-04-17$41.59$40.0029.2%8.4%35.3%28.3%28.8%15.2%-3.6%-19.6K-2.3M-22.6K7.1489.29N/AN/A7502,6125,616
2025-04-21$41.14$40.0032.1%9.2%35.5%32.6%26.8%20.6%-8.7%-14.9K-1.6M-24.9K2.7686.68N/AN/A21582,3495,265
2025-04-22$41.45$40.0026.1%7.5%35.6%23.4%26.1%15.1%0.1%-48.6K-2.2M-21.4K25.0779.77N/AN/A431,0782,3665,315
2025-04-23$41.01$40.0023.7%6.8%35.8%19.8%14.9%15.1%-6.4%-102.4K-1.4M-24.2K1.0487.34N/AN/A46482,3826,364
2025-04-24$41.07$40.0025.4%7.3%35.7%22.4%25.4%18.6%-1.1%-81.5K-1.9M-20.2K0.9280.12N/AN/A12112,4106,372
2025-04-25$40.82$40.0026.9%7.7%35.6%24.6%26.9%22.1%-2.6%-128.5K-1.5M-21.3K1.4278.59N/AN/A12172,4216,380
2025-04-28$41.12$40.0020.4%5.8%35.7%14.8%24.6%8.3%-3.2%-13.7K-2.0M-18.3K2.8279.09N/AN/A1614542,4166,396
2025-04-29$41.41$45.0014.3%4.1%35.3%5.5%43.8%67.1%10.9%100.7K-2.8M-19.9K0.5887.47N/AN/A53312,5776,826
2025-04-30$40.73$45.0027.2%7.8%35.6%25.2%27.4%15.5%-2.5%-89.7K-292.9K-26.8K19.6084.36N/AN/A5982,3186,825