NNN Options History — February 2026

In February 2026, NNN traded between $41.62 and $45.20. ATM implied volatility averaged 17.7%, placing in the 23.3% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 2.6% (HV 20d: 15.1%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.68.

Notable Days

  • 2026-02-13: Highest Volume — 982 contracts
  • 2026-02-12: Largest IV spike — 78.3% change
  • 2026-02-04: Highest IV Rank — 42.8%
  • 2026-02-04: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.65$41.62$45.20$41.62$45.20
Max Pain$40.26$40.00$45.00$40.00$40.00
ATM IV17.7%10.5%25.1%22.1%17.7%
Expected Move5.0%3.0%7.2%6.3%5.1%
HV 20d15.1%11.9%18.0%12.4%17.6%
HV 60d13.7%12.4%15.0%13.0%14.9%
IV Rank23.3%4.1%42.8%34.9%23.1%
IV Percentile37.4%0.8%86.9%72.6%36.5%
Term Structure-0.0%-6.8%6.8%-3.5%-0.3%
VWIV19.5%14.1%25.5%23.0%17.9%
Skew 25d10.0%3.6%64.8%10.1%3.6%
Skew 10d20.5%5.3%109.8%16.6%5.3%
Call IV 25d15.1%11.7%19.0%13.1%14.0%
Put IV 25d25.2%17.6%79.3%23.2%17.6%
Bid-Ask Spread %84.2062.8199.8599.8562.81
Gamma HHI0.770.460.890.510.86
Net GEX549.1K66.5K928.7K129.1K870.4K
Net DEX-9.4M-15.1M-4.3M-4.4M-15.1M
Net VEX-36.2K-43.4K-30.6K-32.8K-42.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.026.330.030.16
Total Volume337.89569982278410
Total OI8,817.3687,71210,8088,2668,083

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$41.62$40.0022.1%6.3%12.4%34.9%23.0%10.1%-3.5%129.1K-4.4M-32.8K0.0399.85N/AN/A26993,5694,697
2026-02-03$41.84$40.0020.8%6.0%12.0%31.4%21.7%8.5%1.9%66.5K-4.3M-30.6K0.0489.11N/AN/A16473,5344,687
2026-02-04$42.39$45.0025.1%7.2%12.3%42.8%25.5%13.0%-6.8%236.0K-5.4M-30.7K0.5893.14N/AN/A115673,6444,706
2026-02-05$42.83$40.0018.7%5.4%12.7%25.7%21.1%4.0%-1.8%260.4K-6.2M-33.2K0.4082.21N/AN/A156633,7534,708
2026-02-06$42.88$40.0013.9%4.7%11.9%13.1%19.1%4.1%-1.7%342.1K-7.0M-32.3K0.7080.61N/AN/A50353,8774,680
2026-02-09$42.86$40.0017.9%4.6%11.9%23.7%20.1%5.4%-1.2%311.3K-6.6M-32.3K0.3577.79N/AN/A51183,9024,705
2026-02-10$43.36$40.0022.6%4.2%12.4%36.2%21.1%5.1%-0.1%396.5K-7.8M-31.0K0.2485.71N/AN/A182443,9524,716
2026-02-11$42.84$40.0010.5%3.0%12.9%4.1%16.5%7.5%5.3%356.1K-7.1M-33.7K0.4692.87N/AN/A3991854,1214,719
2026-02-12$43.92$40.0018.7%5.4%15.4%25.9%18.7%5.1%-0.8%595.7K-9.4M-30.8K0.0678.30N/AN/A543354,1304,722
2026-02-13$44.49$40.0017.0%4.9%15.8%21.4%17.8%7.3%0.6%655.9K-10.6M-32.2K6.3378.66N/AN/A1348484,4034,731
2026-02-17$44.70$40.0018.0%5.2%15.5%23.9%19.6%9.3%-0.2%664.1K-11.3M-35.3K0.0979.45N/AN/A848764,5105,547
2026-02-18$43.70$40.0014.2%4.1%17.9%13.9%16.0%6.7%1.7%689.0K-9.6M-39.4K0.1882.33N/AN/A276504,9345,556
2026-02-19$43.79$40.0015.3%4.4%17.9%16.8%19.4%4.2%6.8%708.9K-10.2M-41.1K0.0880.97N/AN/A226195,1645,565
2026-02-20$44.27$40.0018.0%5.2%17.6%24.0%18.3%6.9%-0.6%733.2K-11.4M-40.2K0.0587.84N/AN/A307155,2325,576
2026-02-23$44.72$40.0018.8%5.4%17.8%26.1%19.5%8.8%-0.9%773.9K-12.6M-42.0K0.2381.74N/AN/A160365,2532,459
2026-02-24$44.48$40.0014.6%4.2%18.0%15.1%14.1%10.7%1.7%928.7K-12.6M-41.7K0.0293.20N/AN/A27655,3432,443
2026-02-25$44.28$40.0015.9%4.6%18.0%18.5%23.4%5.6%-0.5%815.3K-11.9M-43.4K2.7285.09N/AN/A571555,4362,448
2026-02-26$45.19$40.0017.2%4.9%17.5%21.9%17.2%64.8%0.2%899.6K-14.2M-41.6K0.2188.06N/AN/A107235,4712,554
2026-02-27$45.20$40.0017.7%5.1%17.6%23.1%17.9%3.6%-0.3%870.4K-15.1M-42.7K0.1662.81N/AN/A352585,5362,547