NCNO Options History — January 2025

In January 2025, NCNO traded between $32.34 and $34.86. ATM implied volatility averaged 29.6%, placing in the 14.4% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded below realized volatility by 0.2% (HV 20d: 29.9%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.31.

Notable Days

  • 2025-01-06: Highest Volume — 953 contracts
  • 2025-01-13: Largest IV spike — 47.3% change
  • 2025-01-13: Highest IV Rank — 31.1%
  • 2025-01-29: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.38$32.34$34.86$33.23$33.85
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV29.6%24.1%38.4%29.6%31.0%
Expected Move8.3%7.7%9.2%8.5%8.9%
HV 20d29.9%24.0%50.6%50.6%28.3%
HV 60d39.1%38.2%40.7%40.7%39.5%
IV Rank14.4%3.9%31.1%14.4%17.0%
IV Percentile30.0%3.6%67.1%27.8%42.1%
Term Structure2.5%-1.2%8.3%-0.8%0.3%
VWIV29.1%26.9%34.4%30.2%30.9%
Skew 25d2.4%-1.7%6.3%0.1%6.0%
Skew 10d4.3%-6.5%11.9%2.8%11.2%
Call IV 25d29.1%24.8%36.1%31.3%28.3%
Put IV 25d31.5%28.8%35.6%31.4%34.3%
Bid-Ask Spread %41.4723.1460.2846.6830.30
Gamma HHI0.430.320.510.330.44
Net GEX274.5K197.8K385.4K203.4K326.7K
Net DEX-4.6M-8.1M-2.5M-3.9M-6.2M
Net VEX-36.3K-39.9K-32.3K-37.9K-36.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.002.680.060.31
Total Volume304.952595316855
Total OI14,212.511,07416,98915,71111,599

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$33.23$35.0029.6%8.5%50.6%14.4%30.2%0.1%-0.8%203.4K-3.9M-37.9K0.0646.68N/AN/A1581013,3842,327
2025-01-03$34.01$35.0028.0%8.0%50.3%11.2%28.0%3.4%1.2%242.7K-5.2M-39.4K0.2147.99N/AN/A33713,6272,330
2025-01-06$34.23$35.0029.5%8.1%28.1%14.1%28.3%1.6%2.9%259.5K-5.8M-39.9K0.3641.61N/AN/A69925413,6332,333
2025-01-07$33.30$35.0024.1%8.6%29.3%3.9%30.4%0.9%5.2%315.1K-4.2M-39.5K0.0241.51N/AN/A7121314,3612,390
2025-01-08$33.39$35.0030.2%8.4%29.4%15.4%29.8%1.7%7.3%333.8K-4.5M-39.8K0.1950.44N/AN/A841614,3052,400
2025-01-10$32.57$35.0026.1%8.4%29.2%7.7%31.4%1.3%6.8%252.7K-2.8M-36.1K0.1337.27N/AN/A2403014,3352,410
2025-01-13$32.52$35.0038.4%8.4%27.9%31.1%29.4%2.5%7.9%229.3K-2.5M-34.9K0.6723.14N/AN/A151014,4312,411
2025-01-14$32.88$35.0036.4%8.1%28.5%27.2%26.9%3.8%6.7%276.8K-3.2M-35.1K1.2928.47N/AN/A7810114,4412,405
2025-01-15$33.20$35.0027.5%7.9%27.7%10.3%27.6%5.5%8.3%297.1K-3.7M-37.6K2.6824.56N/AN/A5915814,5012,488
2025-01-16$33.09$35.0027.5%7.9%27.3%10.4%27.6%4.8%5.3%230.0K-3.5M-35.8K0.0426.38N/AN/A82314,5252,403
2025-01-17$33.13$35.0027.0%7.7%26.9%9.4%27.0%3.6%0.1%242.1K-3.8M-35.1K0.0140.44N/AN/A8731014,5202,351
2025-01-21$33.37$35.0026.7%7.7%24.3%8.9%27.3%4.1%0.5%263.2K-4.7M-34.6K0.0558.40N/AN/A8148,9232,151
2025-01-22$32.51$35.0027.6%7.9%25.2%10.5%27.8%1.3%0.3%205.6K-3.3M-32.8K0.0156.14N/AN/A51369,0442,154
2025-01-23$32.34$35.0029.9%8.6%24.0%15.0%28.4%1.1%-0.7%197.8K-3.1M-32.7K0.0058.29N/AN/A4609,0332,156
2025-01-24$32.49$35.0029.8%8.6%24.2%14.8%27.7%0.8%-0.7%204.8K-3.3M-32.3K0.0139.89N/AN/A52439,0302,156
2025-01-27$33.86$35.0030.3%8.7%29.0%15.8%27.3%6.3%0.3%309.6K-5.9M-35.2K0.0336.95N/AN/A479139,1202,159
2025-01-28$34.86$35.0031.1%8.9%30.9%17.2%34.4%-1.7%-0.7%385.4K-8.1M-38.5K0.0660.28N/AN/A443259,2642,172
2025-01-29$34.41$35.0032.2%9.2%28.7%19.2%32.0%0.6%-1.2%351.0K-7.1M-37.0K0.1247.30N/AN/A5069,3162,165
2025-01-30$34.36$35.0029.8%8.5%27.7%14.7%29.8%1.0%1.2%364.0K-7.1M-36.6K0.0133.41N/AN/A20339,3322,165
2025-01-31$33.85$35.0031.0%8.9%28.3%17.0%30.9%6.0%0.3%326.7K-6.2M-36.0K0.3130.30N/AN/A42139,4372,162