NNN Options History — July 2025

In July 2025, NNN traded between $41.29 and $44.09. ATM implied volatility averaged 16.7%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 2.2% (HV 20d: 14.5%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 3.40.

Notable Days

  • 2025-07-10: Highest Volume — 1,292 contracts
  • 2025-07-28: Largest IV spike — 105.9% change
  • 2025-07-30: Highest IV Rank — 24.9%
  • 2025-07-30: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.99$41.29$44.09$43.64$41.29
Max Pain$44.55$40.00$45.00$40.00$45.00
ATM IV16.7%9.0%27.1%20.8%24.7%
Expected Move4.4%2.6%7.4%6.0%7.1%
HV 20d14.5%11.9%17.2%12.3%17.2%
HV 60d15.7%13.4%23.3%23.3%14.9%
IV Rank10.1%0.0%24.9%14.1%23.4%
IV Percentile29.7%0.0%85.3%53.6%79.4%
Term Structure2.6%-9.7%8.0%3.2%-3.8%
VWIV17.7%8.9%26.4%13.4%24.7%
Skew 25d12.1%2.5%62.0%14.9%8.9%
Skew 10d15.8%-5.8%63.4%-5.8%15.0%
Call IV 25d12.7%7.8%17.3%13.0%16.0%
Put IV 25d24.8%18.4%73.1%27.9%24.9%
Bid-Ask Spread %80.2853.29115.7673.1074.44
Gamma HHI0.600.400.890.890.40
Net GEX161.5K-134.2K311.6K277.0K-122.1K
Net DEX-3.3M-5.2M632.2K-4.5M632.2K
Net VEX-20.4K-27.2K-17.6K-19.5K-27.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.400.0931.000.097.00
Total Volume225.455301,292107384
Total OI5,012.6823,8286,6883,8286,688

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$43.64$40.0020.8%6.0%12.3%14.1%13.4%14.9%3.2%277.0K-4.5M-19.5K0.0973.10N/AN/A9892,3951,433
2025-07-02$43.65$40.0019.7%5.7%12.0%12.4%16.9%14.1%-3.3%268.6K-4.6M-20.3K1.9274.02N/AN/A12232,4331,437
2025-07-03$43.67$45.0027.1%3.7%11.9%23.7%8.9%62.0%6.7%277.4K-4.6M-18.9K0.52115.76N/AN/A23122,4341,456
2025-07-07$43.27$45.0026.0%4.7%12.6%22.1%0.0%3.9%0.2%258.1K-4.1M-17.6K0.4691.68N/AN/A24112,4241,461
2025-07-08$43.21$45.0023.9%4.8%12.6%18.8%17.3%3.3%-0.6%247.3K-4.1M-19.1K0.2093.40N/AN/A169332,4371,451
2025-07-09$42.99$45.0010.0%2.9%11.9%0.0%10.3%9.7%5.4%267.5K-4.2M-19.6K0.56100.69N/AN/A48272,5331,463
2025-07-10$43.20$45.0012.3%3.5%11.9%3.5%14.2%2.5%0.9%268.5K-4.2M-18.7K0.9892.24N/AN/A6546382,5651,486
2025-07-11$43.17$45.0015.0%4.3%11.9%7.7%15.5%3.0%-0.1%225.3K-3.8M-21.9K0.5098.84N/AN/A20103,2052,015
2025-07-14$44.09$45.0015.1%4.3%13.9%7.8%15.1%30.6%0.3%311.6K-5.2M-18.2K0.3165.84N/AN/A2683,2182,025
2025-07-15$43.08$45.0014.0%4.0%16.4%6.1%21.0%10.4%6.3%200.7K-3.6M-21.8K0.4395.08N/AN/A207903,2272,033
2025-07-16$43.23$45.0013.6%3.9%16.2%5.6%13.1%7.8%5.7%216.2K-4.0M-21.2K0.76100.19N/AN/A25193,4142,012
2025-07-17$42.80$45.0010.6%3.0%16.3%1.0%17.2%7.7%7.4%189.3K-3.4M-21.7K1.8880.10N/AN/A661243,4092,030
2025-07-18$42.69$45.0012.0%3.4%16.1%3.1%20.9%7.8%5.5%117.9K-3.1M-20.5K2.4477.94N/AN/A34833,3932,126
2025-07-21$42.79$45.0012.6%3.6%16.0%4.0%17.8%10.9%7.4%119.3K-2.6M-20.1K0.5469.58N/AN/A117633,0672,044
2025-07-22$43.38$45.009.0%2.6%15.3%0.0%23.3%12.8%7.8%203.2K-3.5M-20.0K0.4872.72N/AN/A65313,1082,090
2025-07-23$43.22$45.0013.4%3.8%15.1%6.5%17.4%14.4%8.0%144.8K-3.3M-18.4K0.7069.20N/AN/A71503,1352,118
2025-07-24$42.83$45.0010.5%3.0%15.3%2.3%17.4%9.4%7.4%95.6K-2.7M-19.2K1.5568.42N/AN/A40623,1722,166
2025-07-25$42.80$45.0011.5%3.3%15.3%3.7%15.0%9.0%7.1%93.5K-2.5M-20.8K3.4853.29N/AN/A21733,1752,289
2025-07-28$42.20$45.0023.6%6.8%16.0%21.7%20.1%4.6%-8.8%-17.2K-1.5M-20.2K31.0058.45N/AN/A237133,1702,348
2025-07-29$42.66$45.0015.7%4.5%16.3%10.0%24.8%11.3%4.3%43.8K-2.0M-23.0K2.6970.64N/AN/A451213,1552,864
2025-07-30$41.98$45.0025.7%7.4%16.4%24.9%26.4%7.2%-9.7%-134.2K-1.0M-20.6K16.2970.56N/AN/A345543,1952,980
2025-07-31$41.29$45.0024.7%7.1%17.2%23.4%24.7%8.9%-3.8%-122.1K632.2K-27.2K7.0074.44N/AN/A483363,0983,590