NNN Options History — January 2026

In January 2026, NNN traded between $39.56 and $42.69. ATM implied volatility averaged 19.0%, placing in the 26.7% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 7.0% (HV 20d: 12.0%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 1.84.

Notable Days

  • 2026-01-07: Highest Volume — 771 contracts
  • 2026-01-12: Largest IV spike — 113.0% change
  • 2026-01-12: Highest IV Rank — 70.7%
  • 2026-01-28: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.54$39.56$42.69$39.56$41.51
Max Pain$40.25$40.00$45.00$40.00$45.00
ATM IV19.0%11.8%35.6%13.5%17.9%
Expected Move5.2%3.4%8.3%3.9%5.1%
HV 20d12.0%9.7%13.7%13.0%12.6%
HV 60d13.9%13.5%14.2%13.5%13.9%
IV Rank26.7%7.6%70.7%11.9%23.6%
IV Percentile40.1%3.2%98.4%8.7%34.1%
Term Structure0.2%-13.1%7.9%3.8%-1.5%
VWIV19.4%13.5%22.7%13.5%20.2%
Skew 25d13.1%1.4%31.1%1.4%8.6%
Skew 10d35.6%-0.7%65.4%0.7%53.8%
Call IV 25d12.0%8.3%15.8%15.2%12.1%
Put IV 25d25.1%16.6%44.1%16.6%20.6%
Bid-Ask Spread %92.1079.62107.1787.9488.28
Gamma HHI0.590.410.790.490.45
Net GEX-4.6K-545.3K213.6K-545.3K51.9K
Net DEX-4.4M-7.2M1.1M1.1M-3.5M
Net VEX-29.9K-32.6K-24.7K-30.8K-32.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.840.2110.250.540.67
Total Volume196.435771247110
Total OI9,608.357,73311,22610,1328,245

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$39.56$40.0013.5%3.9%13.0%11.9%13.5%1.4%3.8%-545.3K1.1M-30.8K0.5487.94N/AN/A160873,6606,472
2026-01-05$40.04$40.0021.1%5.6%13.4%32.2%19.7%7.4%-0.9%-402.0K-429.5K-32.1K0.9292.87N/AN/A1141053,6746,515
2026-01-06$40.41$40.0018.4%5.5%13.7%25.0%19.3%27.6%1.8%-376.3K-1.5M-32.6K0.2196.01N/AN/A113243,7486,533
2026-01-07$40.48$40.0017.5%5.3%12.9%22.6%18.5%31.1%-0.1%-285.0K-2.1M-30.6K8.6495.26N/AN/A806913,7926,527
2026-01-08$41.07$40.0020.7%5.8%13.1%31.1%19.2%25.4%-3.6%-141.9K-3.5M-32.1K0.7595.94N/AN/A95713,8147,096
2026-01-09$41.07$40.0016.7%5.2%12.7%20.5%18.2%20.8%1.4%-190.3K-3.7M-31.6K10.2590.65N/AN/A121233,8607,107
2026-01-12$41.16$40.0035.6%5.7%12.7%70.7%20.0%27.4%-1.1%-125.0K-3.4M-31.3K0.8383.77N/AN/A69573,8617,188
2026-01-13$41.63$40.0022.3%4.9%12.2%35.4%19.0%8.9%-1.9%109.2K-5.4M-28.3K0.5094.84N/AN/A105533,8947,198
2026-01-14$41.80$40.0019.4%5.6%12.2%27.6%20.4%9.5%-3.1%56.5K-5.5M-28.8K0.59106.34N/AN/A22133,8857,244
2026-01-15$42.05$40.0020.6%5.9%12.1%30.9%20.6%11.2%-3.0%183.2K-6.2M-27.6K3.5081.04N/AN/A26913,8977,244
2026-01-16$42.52$40.0014.6%4.2%12.3%14.9%18.6%10.7%6.4%212.8K-7.2M-24.7K0.8984.46N/AN/A1151023,9167,310
2026-01-20$42.69$40.0015.9%4.6%11.4%18.5%20.5%4.8%1.4%200.9K-6.6M-27.1K0.9092.32N/AN/A1391253,4214,312
2026-01-21$42.66$40.0011.8%3.4%10.9%7.6%21.5%12.3%7.9%213.6K-6.4M-27.1K0.6096.53N/AN/A2281373,4924,411
2026-01-22$42.20$40.0017.3%5.0%11.0%22.1%18.1%8.9%2.0%173.9K-5.8M-30.8K0.7179.62N/AN/A85603,7074,434
2026-01-23$42.27$40.0017.1%4.9%9.9%21.4%17.7%8.5%-1.3%188.6K-6.2M-29.2K1.0690.32N/AN/A17183,7704,462
2026-01-26$42.37$40.0016.8%4.8%9.7%20.7%20.8%11.1%5.8%192.3K-6.2M-29.5K2.8890.06N/AN/A16463,7774,459
2026-01-27$42.16$40.0017.3%5.0%10.1%22.2%22.1%10.0%-2.1%166.7K-5.9M-30.1K1.8896.97N/AN/A661243,7924,495
2026-01-28$41.46$40.0028.9%8.3%12.3%52.9%22.7%7.1%-13.1%148.4K-4.3M-31.9K0.23107.17N/AN/A66153,8434,600
2026-01-29$41.76$40.0017.1%4.9%12.4%21.6%16.9%9.6%5.7%76.9K-5.3M-30.0K0.3291.70N/AN/A263853,8934,619
2026-01-30$41.51$45.0017.9%5.1%12.6%23.6%20.2%8.6%-1.5%51.9K-3.5M-32.1K0.6788.28N/AN/A66443,5424,703