NNN Options History — August 2025

In August 2025, NNN traded between $40.73 and $42.81. ATM implied volatility averaged 20.3%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 0.8% (HV 20d: 19.5%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 3.41.

Notable Days

  • 2025-08-12: Highest Volume — 787 contracts
  • 2025-08-07: Largest IV spike — 109.2% change
  • 2025-08-07: Highest IV Rank — 47.0%
  • 2025-08-01: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.93$40.73$42.81$41.88$42.81
Max Pain$40.24$40.00$45.00$45.00$40.00
ATM IV20.3%11.5%40.6%25.2%11.5%
Expected Move5.4%3.3%7.2%7.2%3.3%
HV 20d19.5%17.7%21.1%18.2%19.0%
HV 60d15.9%15.1%16.7%15.1%16.7%
IV Rank16.9%3.7%47.0%24.1%3.7%
IV Percentile44.1%2.0%97.6%80.2%2.0%
Term Structure0.7%-5.3%7.1%-3.0%6.4%
VWIV18.8%14.2%25.4%25.4%21.5%
Skew 25d6.7%1.1%13.5%11.8%13.5%
Skew 10d8.4%-3.5%18.5%18.5%10.7%
Call IV 25d13.0%7.3%16.9%14.2%7.3%
Put IV 25d19.7%17.8%26.0%26.0%20.8%
Bid-Ask Spread %83.3162.71103.6270.0587.46
Gamma HHI0.400.360.460.380.46
Net GEX-7.8K-128.4K131.8K-39.6K131.8K
Net DEX-1.5M-3.0M-149.4K-774.5K-3.0M
Net VEX-24.2K-27.9K-21.0K-27.9K-22.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.410.0834.770.530.08
Total Volume200.1921787101690
Total OI7,146.0486,7497,4256,9427,425

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$41.88$45.0025.2%7.2%18.2%24.1%25.4%11.8%-3.0%-39.6K-774.5K-27.9K0.5370.05N/AN/A66353,1093,833
2025-08-04$42.80$40.0013.4%4.5%19.8%6.6%16.1%5.3%1.5%113.6K-2.4M-26.2K1.8284.85N/AN/A45823,1533,859
2025-08-05$42.10$40.0021.5%5.7%20.6%18.6%19.2%2.6%0.9%-6.7K-1.2M-26.1K8.2988.43N/AN/A7583,1853,811
2025-08-06$41.56$40.0019.4%5.4%21.0%15.5%18.6%8.2%1.1%-101.6K-299.9K-25.9K7.50101.00N/AN/A181353,1873,846
2025-08-07$41.89$40.0040.6%5.6%21.1%47.0%18.8%4.0%0.7%-49.6K-669.2K-25.9K0.91103.62N/AN/A79723,1723,873
2025-08-08$41.83$40.0024.8%5.4%21.1%23.5%18.5%2.1%1.2%-52.3K-936.4K-25.6K2.2091.60N/AN/A20443,2233,902
2025-08-11$41.68$40.0023.1%5.5%19.4%21.0%19.0%2.3%0.7%-71.9K-484.6K-25.4K0.2198.36N/AN/A70153,2423,929
2025-08-12$41.64$40.0021.4%5.2%17.8%18.5%18.0%1.1%1.4%-73.0K-917.5K-24.1K34.7797.22N/AN/A227653,3073,943
2025-08-13$41.59$40.0017.9%5.1%17.7%13.2%17.9%8.1%1.4%-16.8K-1.0M-21.9K4.0297.90N/AN/A582333,3033,446
2025-08-14$41.14$40.0018.2%5.2%17.8%13.7%18.2%5.0%1.5%-80.3K-388.3K-22.9K0.9684.69N/AN/A1481423,3133,674
2025-08-15$41.36$40.0018.2%5.2%17.9%13.7%18.2%7.6%1.2%-29.6K-858.0K-24.0K1.0690.63N/AN/A83883,4303,799
2025-08-18$40.73$40.0017.3%5.0%18.5%12.4%17.3%5.9%0.4%-128.4K-149.4K-23.9K1.9776.59N/AN/A791563,2763,548
2025-08-19$41.61$40.0019.2%5.5%19.6%15.3%19.2%8.6%-0.1%-24.0K-1.5M-24.0K1.3762.71N/AN/A1101513,2913,656
2025-08-20$42.35$40.0020.9%6.0%20.8%17.8%20.4%6.3%-1.2%92.0K-2.6M-25.4K1.9770.38N/AN/A1543043,3563,756
2025-08-21$42.17$40.0020.2%5.8%20.6%16.6%20.1%9.5%-5.3%17.3K-2.0M-25.2K0.2365.92N/AN/A44103,3434,003
2025-08-22$42.45$40.0019.6%5.6%20.8%15.8%15.4%3.1%-0.8%87.9K-2.9M-23.8K0.1186.21N/AN/A6373,3793,993
2025-08-25$42.17$40.0019.0%5.5%20.3%14.9%19.4%9.1%0.3%9.8K-2.4M-22.5K0.6266.26N/AN/A21133,3633,990
2025-08-26$42.03$40.0020.1%5.8%19.9%16.5%14.2%7.6%-1.4%-22.3K-1.9M-23.3K0.8670.24N/AN/A21183,3793,990
2025-08-27$42.52$40.0016.3%4.7%19.5%10.9%20.1%12.9%7.1%84.3K-2.9M-21.0K1.1091.22N/AN/A10113,3844,006
2025-08-28$42.13$40.0019.1%5.5%18.8%15.0%18.1%7.1%-0.1%-3.5K-2.3M-21.5K0.9764.15N/AN/A29283,3864,004
2025-08-29$42.81$40.0011.5%3.3%19.0%3.7%21.5%13.5%6.4%131.8K-3.0M-22.8K0.0887.46N/AN/A639513,4004,025