NCNO Options History — September 2025

In September 2025, NCNO traded between $27.09 and $30.91. ATM implied volatility averaged 37.0%, placing in the 24.1% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 12.9% (HV 20d: 49.9%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.35.

Notable Days

  • 2025-09-04: Highest Volume — 1,562 contracts
  • 2025-09-30: Largest IV spike — 13.4% change
  • 2025-09-30: Highest IV Rank — 34.2%
  • 2025-09-30: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.74$27.09$30.91$30.88$27.09
Max Pain$28.57$25.00$30.00$25.00$30.00
ATM IV37.0%35.1%42.9%38.3%42.9%
Expected Move10.6%10.1%12.3%11.0%12.3%
HV 20d49.9%28.1%58.0%58.0%28.1%
HV 60d41.9%41.5%42.6%41.6%42.6%
IV Rank24.1%20.9%34.2%26.3%34.2%
IV Percentile55.7%47.6%70.6%61.1%70.6%
Term Structure-0.4%-1.9%0.6%-1.6%-1.0%
VWIV35.7%30.1%42.6%38.5%42.6%
Skew 25d2.4%-6.1%10.7%-5.5%0.8%
Skew 10d3.6%-11.3%17.4%-11.3%-8.7%
Call IV 25d36.1%29.0%42.4%41.0%40.1%
Put IV 25d38.5%32.5%42.5%35.5%40.9%
Bid-Ask Spread %61.4920.6181.5152.2952.92
Gamma HHI0.390.320.470.330.41
Net GEX310.0K145.6K488.4K379.5K145.6K
Net DEX-6.2M-8.9M-1.8M-8.9M-1.8M
Net VEX-36.0K-41.1K-30.1K-41.1K-30.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.011.530.880.18
Total Volume454.238781,562603452
Total OI11,652.1438,37113,02912,61910,245

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$30.88$25.0038.3%11.0%58.0%26.3%38.5%-5.5%-1.6%379.5K-8.9M-41.1K0.8852.29N/AN/A3212829,1343,485
2025-09-03$30.51$25.0035.9%10.3%57.7%22.2%35.8%3.9%0.0%405.1K-8.5M-39.6K0.1052.69N/AN/A1,1991259,2833,346
2025-09-04$30.48$30.0036.7%10.3%56.8%23.6%34.4%2.9%0.1%331.6K-7.5M-38.4K0.0276.71N/AN/A1,527358,9313,364
2025-09-05$30.28$30.0036.1%10.4%57.0%22.7%32.6%2.9%-0.3%318.9K-7.0M-37.2K0.6376.47N/AN/A48308,9973,353
2025-09-08$30.91$30.0037.2%10.6%56.0%24.4%35.5%4.9%-0.2%355.3K-8.1M-37.7K0.0578.25N/AN/A465228,9923,347
2025-09-09$30.39$30.0037.2%10.4%56.7%24.5%35.1%3.8%-0.3%363.2K-7.7M-37.8K0.5981.13N/AN/A79479,3643,363
2025-09-10$30.06$30.0037.5%10.8%57.0%25.0%35.8%3.0%-1.9%362.3K-7.2M-37.4K0.0570.28N/AN/A426219,3863,396
2025-09-11$30.14$30.0036.3%10.4%53.2%23.0%34.9%2.9%-0.8%379.6K-7.4M-36.4K0.0371.20N/AN/A821259,5743,382
2025-09-12$29.98$30.0035.1%10.1%52.5%20.9%35.3%1.5%0.4%386.4K-7.0M-35.7K0.4670.35N/AN/A162759,3033,393
2025-09-15$30.25$30.0035.8%10.3%52.4%22.0%30.1%3.5%-0.3%408.2K-7.5M-35.8K0.2379.52N/AN/A200459,3003,464
2025-09-16$30.03$30.0036.8%10.6%52.6%23.9%33.1%4.4%-1.6%410.8K-7.3M-36.0K0.1281.51N/AN/A116149,4283,481
2025-09-17$30.63$30.0036.7%10.5%52.7%23.7%36.3%-0.4%-0.1%438.5K-8.8M-38.0K0.7572.93N/AN/A60459,4963,492
2025-09-18$30.59$25.0036.8%10.5%52.7%23.7%32.0%3.5%-0.7%488.4K-8.9M-36.9K0.5368.46N/AN/A99529,5003,454
2025-09-19$29.60$25.0035.4%10.2%54.4%21.4%35.6%2.2%0.5%205.1K-5.5M-33.5K0.1865.74N/AN/A280519,5523,477
2025-09-22$30.41$25.0036.3%10.4%53.3%23.0%36.4%-6.1%0.1%235.4K-5.0M-34.6K0.0158.85N/AN/A65347,1981,173
2025-09-23$29.42$25.0036.4%10.4%54.3%23.1%36.4%10.7%0.1%216.1K-4.4M-34.9K1.5359.70N/AN/A1322027,6991,174
2025-09-24$28.67$30.0037.9%10.9%55.1%25.6%37.9%-0.1%-0.3%166.7K-3.2M-34.0K0.0329.06N/AN/A809227,8721,373
2025-09-25$28.11$30.0037.6%10.8%29.0%25.0%38.4%3.1%0.2%174.2K-3.1M-33.8K0.3336.17N/AN/A165548,4871,381
2025-09-26$28.07$30.0036.1%10.3%28.8%22.3%36.3%4.2%0.6%171.0K-3.0M-34.5K0.4120.61N/AN/A68288,6091,419
2025-09-29$28.07$30.0037.9%10.9%28.6%25.4%37.9%4.5%-0.6%169.0K-2.8M-32.9K0.1536.41N/AN/A242368,5961,432
2025-09-30$27.09$30.0042.9%12.3%28.1%34.2%42.6%0.8%-1.0%145.6K-1.8M-30.1K0.1852.92N/AN/A384688,7791,466