NCNO Options History — May 2025

In May 2025, NCNO traded between $22.21 and $27.01. ATM implied volatility averaged 51.1%, placing in the 49.3% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded above realized volatility by 15.8% (HV 20d: 35.3%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 5.26.

Notable Days

  • 2025-05-14: Highest Volume — 2,388 contracts
  • 2025-05-14: Largest IV spike — 67.7% change
  • 2025-05-28: Highest IV Rank — 81.5%
  • 2025-05-28: Largest Expected Move — 20.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.71$22.21$27.01$22.95$26.44
Max Pain$23.81$20.00$25.00$22.50$25.00
ATM IV51.1%34.0%70.0%44.1%37.4%
Expected Move16.0%10.7%20.1%12.6%10.7%
HV 20d35.3%26.6%50.0%48.7%31.0%
HV 60d61.7%60.7%62.8%60.7%62.8%
IV Rank49.3%20.2%81.5%37.4%26.0%
IV Percentile83.0%58.7%98.8%77.0%63.5%
Term Structure-6.3%-15.2%10.1%9.3%1.3%
VWIV57.1%40.2%69.2%43.1%43.9%
Skew 25d5.9%-1.7%13.2%7.2%-1.7%
Skew 10d14.4%2.1%30.8%13.5%9.3%
Call IV 25d53.2%37.5%65.3%40.1%38.9%
Put IV 25d59.1%37.2%70.8%47.4%37.2%
Bid-Ask Spread %53.7024.1870.1066.4965.49
Gamma HHI0.440.270.750.270.33
Net GEX-96.1K-313.2K53.7K22.4K-5.8K
Net DEX-357.6K-3.5M3.5M-372.4K-3.5M
Net VEX-20.2K-38.5K-10.0K-10.1K-26.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.260.0329.401.003.00
Total Volume928.333172,38836120
Total OI13,913.817,41921,02810,51021,028

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$22.95$22.5044.1%12.6%48.7%37.4%43.1%7.2%9.3%22.4K-372.4K-10.1K1.0066.49N/AN/A18188,8061,704
2025-05-02$22.93$22.5043.0%12.3%48.5%35.6%43.0%7.4%10.1%19.4K-343.9K-10.0K29.4069.96N/AN/A601,7648,8101,715
2025-05-05$22.44$22.5044.1%15.6%48.9%37.4%55.1%6.9%-6.1%-156.7K1.6M-11.0K3.9154.91N/AN/A3851,5068,8113,087
2025-05-06$22.21$22.5044.2%15.8%49.1%37.7%56.8%13.2%-6.8%-313.2K3.5M-13.4K0.0350.37N/AN/A1,738589,1304,354
2025-05-07$22.81$22.5047.1%16.1%50.0%42.6%0.0%9.6%-8.7%-278.3K1.8M-15.4K0.1865.01N/AN/A4489,5904,358
2025-05-08$23.78$22.5041.1%14.9%35.8%32.3%53.8%7.9%-5.5%-174.3K-223.6K-15.4K0.2551.89N/AN/A40109,5584,366
2025-05-09$24.07$20.0037.5%15.0%31.7%26.2%57.0%8.4%-6.6%-130.5K-1.1M-15.3K0.2152.61N/AN/A1439,5584,363
2025-05-12$24.38$20.0034.0%15.7%31.1%20.2%55.3%7.1%-7.5%7.1K-2.1M-12.9K0.7763.82N/AN/A2561989,5604,361
2025-05-13$24.09$25.0035.4%15.7%31.4%22.7%53.0%7.5%-8.6%-82.2K-1.4M-13.8K0.4946.60N/AN/A70349,5914,545
2025-05-14$24.24$25.0059.4%17.0%31.2%63.4%62.9%7.4%-11.3%-11.2K-1.8M-13.3K7.2349.44N/AN/A2902,0989,6094,548
2025-05-15$24.40$25.0055.4%15.9%31.2%56.7%59.5%6.8%-4.8%53.7K-882.1K-18.7K4.2563.66N/AN/A632689,8336,600
2025-05-16$24.56$25.0058.3%16.7%31.0%61.5%61.7%7.3%-6.0%-22.5K-553.2K-19.6K17.7965.71N/AN/A631,1219,8456,765
2025-05-19$24.66$25.0061.8%17.7%26.6%67.5%62.8%5.2%-7.8%-61.2K405.1K-22.1K2.3245.12N/AN/A711653,8463,832
2025-05-20$25.63$25.0059.8%17.2%29.4%64.2%63.1%2.5%-8.2%-40.1K-535.4K-22.7K5.7444.72N/AN/A2201,2623,8603,905
2025-05-21$25.59$25.0063.4%18.2%27.9%70.3%64.3%3.0%-11.2%-14.8K-901.1K-22.0K6.4655.43N/AN/A1459374,0143,405
2025-05-22$26.84$25.0063.7%18.3%31.3%70.8%65.2%2.9%-11.5%16.3K-1.9M-22.9K8.4237.68N/AN/A645394,1283,445
2025-05-23$26.49$25.0064.4%18.5%31.6%72.0%65.1%3.4%-10.3%-280.1K1.6M-38.5K17.2433.73N/AN/A851,4654,16614,697
2025-05-27$27.01$25.0068.5%19.6%31.7%78.9%69.2%3.7%-14.8%-226.2K602.3K-35.4K0.1624.18N/AN/A9731544,19514,428
2025-05-28$26.88$25.0070.0%20.1%31.4%81.5%68.0%5.5%-15.2%-217.2K171.0K-38.0K1.1650.88N/AN/A8229574,84014,510
2025-05-29$26.41$25.0040.5%11.6%31.2%31.4%40.2%3.4%-2.3%-123.3K-1.6M-27.5K0.3470.10N/AN/A1,0343555,33815,086
2025-05-30$26.44$25.0037.4%10.7%31.0%26.0%43.9%-1.7%1.3%-5.8K-3.5M-26.6K3.0065.49N/AN/A30906,00415,024