NNN Options History — October 2025

In October 2025, NNN traded between $40.55 and $43.00. ATM implied volatility averaged 18.9%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 7.1% (HV 20d: 11.8%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 20 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 1.62.

Notable Days

  • 2025-10-30: Highest Volume — 1,024 contracts
  • 2025-10-09: Largest IV spike — 53.8% change
  • 2025-10-14: Highest IV Rank — 32.4%
  • 2025-10-16: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.15$40.55$43.00$43.00$40.55
Max Pain$43.04$40.00$45.00$40.00$45.00
ATM IV18.9%12.5%30.8%18.0%20.3%
Expected Move5.6%3.8%7.1%5.2%5.8%
HV 20d11.8%10.7%13.8%13.7%12.1%
HV 60d16.1%14.5%17.6%17.4%14.5%
IV Rank14.8%5.2%32.4%13.4%16.8%
IV Percentile38.3%5.2%94.0%27.4%47.6%
Term Structure0.2%-9.2%8.8%7.6%-1.5%
VWIV19.3%13.1%23.4%13.1%20.3%
Skew 25d10.3%1.5%32.4%8.1%32.4%
Skew 10d27.6%3.0%83.2%7.1%65.2%
Call IV 25d13.6%8.6%18.9%9.2%15.8%
Put IV 25d23.9%14.4%48.2%17.3%48.2%
Bid-Ask Spread %85.2354.87106.3063.9295.83
Gamma HHI0.550.350.750.630.35
Net GEX111.7K-30.9K196.0K190.8K-30.4K
Net DEX-3.7M-4.9M-1.1M-4.8M-1.1M
Net VEX-23.8K-31.4K-21.1K-22.9K-31.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.620.055.770.740.69
Total Volume206.783331,0248281
Total OI6,581.135,7027,1695,7027,169

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$43.00$40.0018.0%5.2%13.7%13.4%0.0%8.1%7.6%190.8K-4.8M-22.9K0.7463.92N/AN/A47352,8402,862
2025-10-02$42.78$40.0014.1%4.1%13.8%7.7%13.1%2.7%5.0%157.3K-4.6M-23.5K0.1863.46N/AN/A5192,8712,875
2025-10-03$42.94$40.0013.1%3.8%11.4%6.2%16.8%2.7%5.8%196.0K-4.9M-23.0K2.1954.87N/AN/A1342942,9102,879
2025-10-06$42.44$40.0014.1%6.3%11.4%7.6%20.0%3.5%-2.6%150.8K-4.6M-23.3K1.9076.45N/AN/A1693213,0303,154
2025-10-07$42.17$40.0016.4%6.7%11.6%11.1%20.3%7.2%-2.9%80.1K-4.0M-24.3K1.9581.19N/AN/A1162263,0353,475
2025-10-08$41.93$40.0012.5%6.5%11.7%5.2%20.7%7.8%-2.4%56.0K-3.6M-25.2K1.8881.41N/AN/A17323,0223,693
2025-10-09$41.99$40.0019.2%6.2%10.7%15.2%18.5%4.8%-0.9%3.9K-3.6M-25.4K4.8781.09N/AN/A301463,0283,723
2025-10-10$41.77$40.0019.0%6.6%10.8%14.9%18.9%15.2%-1.5%12.5K-3.2M-27.3K3.7490.49N/AN/A23863,0273,857
2025-10-13$42.24$40.0024.4%6.3%11.7%22.9%18.2%5.8%-7.8%155.2K-4.0M-21.5K0.0590.86N/AN/A3923,0473,884
2025-10-14$42.22$45.0030.8%5.0%11.2%32.4%15.3%9.8%8.8%75.8K-4.0M-23.3K0.53104.88N/AN/A115613,0443,916
2025-10-15$42.68$45.0018.2%5.2%11.8%13.7%16.9%6.7%2.1%194.4K-4.5M-22.6K0.9497.42N/AN/A17163,0533,923
2025-10-16$42.34$45.0024.7%7.1%11.7%23.3%22.5%1.5%-7.7%129.0K-4.1M-23.1K5.0298.25N/AN/A452263,0593,930
2025-10-17$42.67$45.0018.3%5.2%11.9%13.8%17.9%13.2%7.4%191.3K-4.3M-22.9K0.74101.21N/AN/A46343,0774,051
2025-10-20$42.72$45.0015.8%4.5%11.5%10.1%17.9%5.4%2.1%191.1K-4.2M-24.0K0.3183.72N/AN/A104322,8893,337
2025-10-21$42.32$45.0023.3%6.7%11.8%21.3%23.4%16.7%1.4%127.3K-3.6M-26.3K0.4589.76N/AN/A40182,9253,380
2025-10-22$42.23$45.0017.6%5.1%11.9%12.9%20.5%11.0%5.3%153.0K-3.5M-21.7K0.0689.04N/AN/A185122,9503,395
2025-10-23$42.36$45.0019.4%5.6%11.8%15.5%21.3%9.6%-5.4%188.5K-4.1M-23.4K0.7989.68N/AN/A63503,1193,407
2025-10-24$42.27$45.0021.7%6.2%11.6%18.9%20.0%6.3%-9.2%166.8K-3.9M-23.4K0.6782.61N/AN/A46313,1093,424
2025-10-27$42.20$45.0018.2%5.2%11.6%13.7%22.9%10.6%-2.4%132.9K-3.7M-21.6K3.2561.60N/AN/A551793,0973,456
2025-10-28$41.74$45.0021.0%6.0%11.8%17.9%22.5%10.6%-1.8%86.4K-2.9M-23.0K0.2689.94N/AN/A138363,0963,618
2025-10-29$40.95$45.0014.3%4.1%12.2%8.0%16.3%22.8%7.6%-30.9K-1.8M-22.1K5.77106.30N/AN/A482773,2083,633
2025-10-30$40.86$45.0020.6%5.9%12.2%17.2%20.6%22.2%-1.2%-8.9K-1.6M-21.1K0.2286.23N/AN/A8401843,2143,675
2025-10-31$40.55$45.0020.3%5.8%12.1%16.8%20.3%32.4%-1.5%-30.4K-1.1M-31.4K0.6995.83N/AN/A48333,3473,822