NCNO Options History — March 2025

In March 2025, NCNO traded between $27.33 and $30.36. ATM implied volatility averaged 54.4%, placing in the 61.4% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 25.1% (HV 20d: 29.3%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.48.

Notable Days

  • 2025-03-24: Highest Volume — 1,242 contracts
  • 2025-03-10: Largest IV spike — 26.9% change
  • 2025-03-31: Highest IV Rank — 94.9%
  • 2025-03-13: Largest Expected Move — 20.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.07$27.33$30.36$30.36$27.75
Max Pain$31.90$30.00$35.00$35.00$30.00
ATM IV54.4%38.4%72.0%40.4%72.0%
Expected Move13.2%8.8%20.2%11.6%14.6%
HV 20d29.3%22.1%36.1%24.1%36.1%
HV 60d29.6%26.1%36.4%36.4%29.7%
IV Rank61.4%31.0%94.9%34.8%94.9%
IV Percentile93.2%76.2%99.6%79.8%99.6%
Term Structure-8.7%-20.9%10.3%10.2%-20.9%
VWIV44.8%27.6%51.4%40.3%51.0%
Skew 25d4.1%-6.8%7.5%-6.6%3.1%
Skew 10d13.0%-11.5%33.0%-11.5%7.1%
Call IV 25d56.0%42.0%72.9%42.0%72.9%
Put IV 25d60.1%35.4%76.1%35.4%76.1%
Bid-Ask Spread %71.8854.6994.4465.7266.53
Gamma HHI0.350.280.540.280.31
Net GEX95.6K58.1K150.1K80.7K109.5K
Net DEX81.0K-2.0M1.7M1.1M-567.6K
Net VEX-18.0K-23.4K-14.5K-23.4K-15.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.001.350.131.25
Total Volume231.61981,242143779
Total OI7,797.6196,2868,3488,0787,973

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$30.36$35.0040.4%11.6%24.1%34.8%40.3%-6.6%10.2%80.7K1.1M-23.4K0.1365.72N/AN/A126175,9752,103
2025-03-04$30.34$35.0040.3%11.5%22.1%34.6%37.0%-6.8%10.3%76.3K1.1M-22.5K0.7061.79N/AN/A1611135,9142,114
2025-03-05$30.30$35.0038.6%11.1%22.1%31.3%42.7%4.7%-6.4%76.9K987.4K-21.6K0.0678.74N/AN/A3625,8542,015
2025-03-06$29.98$35.0040.6%11.7%22.2%35.3%40.7%5.2%-6.2%75.3K1.2M-21.0K0.0079.56N/AN/A28805,8562,016
2025-03-07$30.31$35.0038.4%11.0%22.8%31.0%27.6%4.4%-6.2%78.6K998.5K-21.5K1.2479.00N/AN/A17215,9962,016
2025-03-10$29.16$35.0048.7%14.0%26.0%50.6%0.0%3.3%-12.6%67.3K1.7M-19.0K0.6194.44N/AN/A102626,0042,023
2025-03-11$28.64$35.0054.9%13.2%24.1%62.3%46.0%5.7%-7.4%58.1K1.7M-17.6K0.5272.90N/AN/A84445,9631,920
2025-03-12$28.87$35.0054.1%12.2%24.3%60.9%42.7%6.4%-8.4%67.7K1.6M-17.5K1.1879.51N/AN/A2573046,0301,938
2025-03-13$27.33$30.0058.7%20.2%28.5%69.6%48.1%4.3%-8.3%73.1K771.8K-14.5K0.0881.55N/AN/A267226,2851,374
2025-03-14$28.13$30.0055.1%8.8%30.2%62.8%36.5%3.6%-7.8%88.1K244.9K-15.4K1.3584.66N/AN/A741006,2811,321
2025-03-17$28.80$30.0049.8%13.3%32.3%52.7%47.6%7.5%-4.3%128.2K-303.8K-16.4K0.1367.68N/AN/A2336,3681,294
2025-03-18$28.37$30.0057.4%13.7%31.3%67.1%47.9%4.9%-9.5%88.7K120.7K-15.4K0.8372.30N/AN/A656,3741,295
2025-03-19$29.00$30.0059.3%13.8%33.1%70.8%47.3%5.9%-10.9%149.2K-784.6K-16.0K0.4474.05N/AN/A946,3761,124
2025-03-20$28.55$30.0059.2%14.0%33.2%70.6%47.7%5.6%-10.2%75.9K-362.2K-15.1K0.4073.31N/AN/A43177,2251,123
2025-03-21$28.33$30.0059.4%14.2%32.2%70.9%48.7%4.2%-9.6%72.4K-225.1K-14.7K0.3369.40N/AN/A627,2171,130
2025-03-24$28.86$30.0061.6%13.9%33.3%75.0%46.8%5.8%-12.7%78.5K-688.8K-14.6K0.0254.69N/AN/A1,219235,2521,034
2025-03-25$29.35$30.0061.3%12.9%34.1%74.6%48.3%5.9%-16.0%138.6K-1.7M-19.1K0.1159.77N/AN/A143166,4111,057
2025-03-26$29.67$30.0061.5%13.9%34.4%74.9%48.5%7.5%-12.8%143.6K-1.9M-19.4K0.4167.17N/AN/A231946,5221,096
2025-03-27$29.52$30.0063.9%14.0%34.0%79.4%48.7%5.9%-15.0%150.1K-2.0M-20.0K0.2261.08N/AN/A54126,7431,176
2025-03-28$28.75$30.0066.5%14.2%34.8%84.5%51.4%5.2%-16.9%130.8K-1.3M-18.1K0.1065.56N/AN/A7176,7921,170
2025-03-31$27.75$30.0072.0%14.6%36.1%94.9%51.0%3.1%-20.9%109.5K-567.6K-15.8K1.2566.53N/AN/A3464336,7991,174