NCNO Options History — February 2025

In February 2025, NCNO traded between $30.70 and $34.30. ATM implied volatility averaged 32.0%, placing in the 18.9% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 4.4% (HV 20d: 27.6%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 2.00.

Notable Days

  • 2025-02-20: Highest Volume — 1,269 contracts
  • 2025-02-10: Largest IV spike — 23.4% change
  • 2025-02-28: Highest IV Rank — 24.7%
  • 2025-02-28: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.53$30.70$34.30$32.81$30.98
Max Pain$32.37$30.00$35.00$35.00$35.00
ATM IV32.0%26.6%35.1%33.5%35.1%
Expected Move9.3%7.8%10.1%9.6%10.1%
HV 20d27.6%22.9%30.4%30.2%23.8%
HV 60d36.6%35.6%39.9%39.9%36.2%
IV Rank18.9%8.7%24.7%21.7%24.7%
IV Percentile50.6%13.5%72.2%58.3%72.2%
Term Structure8.4%-3.4%12.9%-2.0%11.7%
VWIV32.7%29.7%36.2%36.2%34.6%
Skew 25d1.7%-1.1%5.1%0.9%-1.1%
Skew 10d5.7%-3.8%19.9%1.8%-3.8%
Call IV 25d32.9%30.0%37.1%34.1%34.8%
Put IV 25d34.6%31.8%41.0%35.1%33.7%
Bid-Ask Spread %59.2726.1978.5441.8772.79
Gamma HHI0.400.230.560.460.27
Net GEX209.6K24.9K499.9K241.5K84.5K
Net DEX-2.9M-6.6M797.8K-4.2M629.3K
Net VEX-28.6K-32.7K-24.6K-32.7K-25.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.000.0026.590.005.50
Total Volume259.263141,2693726
Total OI10,669.6327,20712,82111,5998,060

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$32.81$35.0033.5%9.6%30.2%21.7%36.2%0.9%-2.0%241.5K-4.2M-32.7K0.0041.87N/AN/A3709,4402,159
2025-02-04$32.58$35.0032.8%9.4%28.9%20.5%29.7%1.7%-1.4%226.2K-3.8M-32.1K0.0126.19N/AN/A25139,4492,159
2025-02-05$32.59$35.0027.2%7.8%28.8%9.9%33.7%-0.5%-3.4%226.7K-3.7M-30.5K0.6226.89N/AN/A107669,4622,159
2025-02-06$32.34$30.0033.3%9.9%27.3%21.4%32.1%1.9%7.2%189.0K-3.0M-29.1K0.0067.12N/AN/A3409,4852,185
2025-02-07$32.36$30.0026.6%9.8%27.3%8.7%33.4%2.8%7.1%195.0K-3.1M-29.7K0.5574.76N/AN/A40229,4722,185
2025-02-10$33.11$30.0032.9%9.0%27.1%20.5%31.6%1.5%8.0%272.9K-4.3M-30.4K0.0167.61N/AN/A31149,4712,197
2025-02-11$33.28$30.0027.2%9.0%27.2%9.9%31.5%1.3%8.3%304.1K-4.6M-29.2K0.0459.98N/AN/A7139,2752,201
2025-02-12$33.68$30.0031.7%9.1%27.2%18.4%31.9%0.5%10.0%354.2K-5.4M-30.9K0.0055.64N/AN/A7909,3182,201
2025-02-13$34.30$30.0030.3%8.7%27.7%15.7%30.3%1.8%10.0%462.3K-6.6M-31.7K0.0065.59N/AN/A22019,3962,201
2025-02-14$34.25$30.0030.4%8.7%27.7%15.8%30.4%2.8%10.4%499.9K-6.5M-32.1K0.9378.54N/AN/A14139,5422,201
2025-02-18$33.20$30.0031.8%9.1%30.1%18.4%33.4%0.9%9.8%295.4K-4.2M-27.9K0.4057.88N/AN/A55229,5372,197
2025-02-19$32.95$30.0031.4%9.0%30.1%17.7%31.4%4.6%10.3%228.1K-3.7M-26.7K0.0869.16N/AN/A1319,5652,215
2025-02-20$32.84$30.0031.1%8.9%28.5%17.2%31.5%5.1%12.4%133.9K-3.5M-26.0K26.5958.17N/AN/A461,2239,5612,149
2025-02-21$31.90$35.0033.9%9.7%30.4%22.6%33.4%0.1%11.7%24.9K-82.5K-27.9K0.1261.66N/AN/A416509,5453,276
2025-02-24$31.69$35.0034.8%10.0%30.4%24.2%34.7%1.1%11.2%30.1K205.2K-26.0K0.0456.74N/AN/A403165,1532,054
2025-02-25$31.34$35.0034.4%9.9%26.0%23.5%33.3%1.1%12.8%48.5K196.7K-26.1K0.0557.30N/AN/A1,129555,2962,069
2025-02-26$31.25$35.0034.8%10.0%22.9%24.1%34.8%1.2%11.9%80.1K420.3K-25.4K0.0970.87N/AN/A164155,7762,067
2025-02-27$30.70$35.0034.5%9.9%23.2%23.6%34.5%3.9%12.9%84.5K797.8K-24.6K3.0057.47N/AN/A4125,9742,071
2025-02-28$30.98$35.0035.1%10.1%23.8%24.7%34.6%-1.1%11.7%84.5K629.3K-25.0K5.5072.79N/AN/A4225,9772,083