NCNO Options History — April 2025

In April 2025, NCNO traded between $21.68 and $28.12. ATM implied volatility averaged 49.0%, placing in the 45.8% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded below realized volatility by 44.1% (HV 20d: 93.0%). Max pain ranged from $22.50 to $30.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.01.

Notable Days

  • 2025-04-02: Highest Volume — 10,456 contracts
  • 2025-04-02: Largest IV drop — 37.3% change
  • 2025-04-01: Highest IV Rank — 100.0%
  • 2025-04-01: Largest Expected Move — 15.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.26$21.68$28.12$28.12$23.04
Max Pain$23.21$22.50$30.00$30.00$22.50
ATM IV49.0%41.0%80.9%80.9%42.8%
Expected Move13.2%11.8%15.5%15.5%12.3%
HV 20d93.0%36.7%99.0%36.7%97.6%
HV 60d58.2%29.8%61.5%29.8%60.7%
IV Rank45.8%32.2%100.0%100.0%35.3%
IV Percentile83.8%74.2%100.0%100.0%75.4%
Term Structure1.7%-27.0%10.3%-27.0%10.3%
VWIV46.1%39.1%54.5%54.5%39.1%
Skew 25d9.7%5.7%16.1%7.2%6.3%
Skew 10d22.6%4.4%53.9%11.1%11.3%
Call IV 25d42.5%35.7%78.0%78.0%39.8%
Put IV 25d52.3%45.4%85.2%85.2%46.1%
Bid-Ask Spread %73.8513.9989.8154.9867.63
Gamma HHI0.280.240.350.280.27
Net GEX14.5K-42.2K109.6K109.6K24.9K
Net DEX-110.5K-1.8M3.9M-813.7K-436.5K
Net VEX-12.7K-18.1K-4.9K-18.1K-10.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.044.670.340.29
Total Volume1,114.1433610,4563,07836
Total OI12,756.2868,49915,8638,49910,506

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$28.12$30.0080.9%15.5%36.7%100.0%54.5%7.2%-27.0%109.6K-813.7K-18.1K0.3454.98N/AN/A2,3047747,0141,485
2025-04-02$22.20$30.0050.8%12.1%90.3%48.8%43.2%5.7%-1.3%-42.2K3.9M-4.9K0.7213.99N/AN/A6,0714,3858,8322,368
2025-04-03$21.96$22.5047.5%12.6%90.3%43.2%44.4%7.3%0.2%65.8K1.0M-16.1K1.4671.57N/AN/A2,0903,05012,4083,455
2025-04-04$21.68$22.5053.8%13.9%89.8%53.9%48.2%10.5%-1.1%-19.1K1.4M-16.4K1.6679.31N/AN/A19832912,0313,631
2025-04-07$21.77$22.5056.0%14.3%89.7%57.8%49.6%10.2%-2.3%-25.9K1.2M-15.9K0.3976.12N/AN/A58622711,9573,655
2025-04-08$21.82$22.5061.6%14.9%89.8%67.2%51.9%11.6%-2.9%-38.7K1.5M-15.0K0.4177.30N/AN/A2359611,6613,626
2025-04-09$24.23$22.5045.5%13.1%99.0%39.9%47.7%13.9%-0.8%4.8K-1.8M-16.0K1.7089.81N/AN/A52789711,6023,586
2025-04-10$23.13$22.5051.6%14.8%98.5%50.3%51.4%13.1%-2.5%-4.2K-296.6K-14.8K0.7688.36N/AN/A1289711,5673,297
2025-04-11$23.64$22.5051.8%14.9%98.2%50.6%48.8%16.1%-1.8%6.5K-967.7K-14.4K0.4479.98N/AN/A452011,5903,267
2025-04-14$23.54$22.5048.7%14.0%97.5%45.3%47.0%12.2%-0.6%-9.1K-741.7K-12.6K1.3682.44N/AN/A8111011,5693,284
2025-04-15$23.85$22.5042.3%12.1%97.8%34.5%46.7%11.2%2.8%16.6K-1.4M-13.0K4.6788.18N/AN/A188411,5593,222
2025-04-16$23.75$22.5044.6%12.8%97.2%38.4%48.9%8.3%7.6%20.7K-1.2M-12.3K1.1384.48N/AN/A242711,5703,232
2025-04-17$24.03$22.5041.0%11.8%97.5%32.2%43.3%10.3%-2.7%40.5K-1.5M-12.1K1.8680.87N/AN/A213911,5563,210
2025-04-21$23.05$22.5046.7%13.4%98.2%41.8%44.4%10.1%6.4%17.5K-191.3K-10.8K0.7476.39N/AN/A34258,3621,656
2025-04-22$23.25$22.5046.0%13.2%97.8%40.6%46.2%9.5%6.3%22.6K-226.7K-10.9K0.0083.65N/AN/A0378,3811,654
2025-04-23$22.77$22.5044.1%12.6%97.3%37.5%42.0%9.7%8.0%11.7K-34.0K-10.4K0.1679.58N/AN/A172288,3811,655
2025-04-24$23.20$22.5045.3%13.0%97.6%39.5%43.1%7.8%7.6%23.4K-417.8K-10.7K0.0466.73N/AN/A7738,4921,659
2025-04-25$22.99$22.5041.2%11.8%97.6%32.5%40.8%7.2%10.1%19.9K-316.3K-10.7K0.4067.73N/AN/A98398,5441,660
2025-04-28$22.92$22.5042.5%12.2%97.5%34.8%42.0%8.2%9.2%19.8K-242.3K-10.0K0.0767.67N/AN/A258188,6041,651
2025-04-29$23.49$22.5043.7%12.5%97.9%36.7%44.7%8.4%9.4%39.4K-851.9K-10.7K1.6073.99N/AN/A42678,8041,639
2025-04-30$23.04$22.5042.8%12.3%97.6%35.3%39.1%6.3%10.3%24.9K-436.5K-10.2K0.2967.63N/AN/A2888,8021,704