NCNO Options History — November 2025

In November 2025, NCNO traded between $24.05 and $26.86. ATM implied volatility averaged 55.6%, placing in the 55.4% IV rank vs the trailing year. The 30-day expected move averaged 16.8%. IV traded above realized volatility by 20.8% (HV 20d: 34.8%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.18.

Notable Days

  • 2025-11-06: Highest Volume — 1,013 contracts
  • 2025-11-12: Largest IV spike — 36.1% change
  • 2025-11-24: Highest IV Rank — 77.1%
  • 2025-11-24: Largest Expected Move — 19.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.24$24.05$26.86$26.86$24.71
Max Pain$26.05$25.00$30.00$30.00$25.00
ATM IV55.6%39.8%67.9%39.8%67.5%
Expected Move16.8%11.4%19.5%11.4%19.3%
HV 20d34.8%27.9%38.8%34.2%27.9%
HV 60d38.3%30.7%43.3%42.0%30.7%
IV Rank55.4%27.7%77.1%27.7%76.4%
IV Percentile85.0%55.2%98.0%55.2%97.6%
Term Structure-6.1%-16.2%29.0%29.0%-9.7%
VWIV58.6%42.8%68.0%42.8%68.0%
Skew 25d5.3%-2.0%10.7%9.7%7.9%
Skew 10d12.6%-2.8%30.2%-2.8%24.7%
Call IV 25d56.8%36.8%65.0%40.7%62.9%
Put IV 25d62.1%47.4%70.8%50.4%70.8%
Bid-Ask Spread %79.4651.3493.7574.8693.75
Gamma HHI0.260.200.330.300.25
Net GEX129.5K62.5K217.3K211.5K102.8K
Net DEX-2.1M-3.9M-682.6K-3.7M-1.3M
Net VEX-27.0K-34.0K-18.9K-33.8K-19.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.180.001.000.090.00
Total Volume21871,01312711
Total OI12,445.31610,15013,38012,23210,269

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$26.86$30.0039.8%11.4%34.2%27.7%42.8%9.7%29.0%211.5K-3.7M-33.8K0.0974.86N/AN/A1171010,3311,901
2025-11-04$25.50$30.0043.6%12.5%38.8%34.4%52.8%-2.0%13.7%131.1K-2.3M-30.4K0.0863.54N/AN/A1551310,4201,909
2025-11-05$25.36$30.0045.3%13.0%38.3%37.4%45.3%10.7%9.5%100.3K-1.7M-28.7K0.1951.34N/AN/A521010,4711,910
2025-11-06$25.48$25.0043.9%16.4%37.9%34.9%54.7%3.3%-7.4%125.4K-2.2M-29.3K0.0182.84N/AN/A1,005810,4881,908
2025-11-07$26.04$25.0044.4%16.6%37.8%35.7%58.3%5.2%-8.1%186.2K-3.1M-31.7K0.8383.27N/AN/A6511,4691,911
2025-11-10$26.41$25.0045.7%16.4%37.6%38.0%60.5%2.5%-8.3%217.3K-3.9M-34.0K0.0683.68N/AN/A16111,4651,914
2025-11-11$26.29$25.0042.9%17.3%37.7%33.0%58.2%3.0%-11.2%196.2K-3.7M-32.8K1.0082.27N/AN/A4411,4551,915
2025-11-12$26.23$25.0058.3%16.7%36.8%60.3%61.9%3.5%-11.4%189.1K-3.6M-32.3K0.4080.94N/AN/A5211,4541,923
2025-11-13$25.55$25.0060.4%17.3%37.8%63.9%61.7%2.4%-12.5%141.0K-2.5M-28.9K0.0082.93N/AN/A357111,4531,925
2025-11-14$25.44$25.0058.2%16.7%37.7%60.0%60.4%3.1%-8.9%125.6K-2.4M-28.3K0.4387.72N/AN/A7311,4301,926
2025-11-17$24.80$25.0062.0%17.8%35.7%66.8%60.5%2.8%-10.8%98.5K-1.6M-25.5K0.0484.08N/AN/A2221011,4251,928
2025-11-18$24.70$25.0061.4%17.6%32.5%65.6%61.9%6.4%-12.3%90.0K-1.5M-24.9K0.0280.45N/AN/A301511,3861,930
2025-11-19$24.39$30.0062.5%17.9%32.6%67.6%62.3%6.6%-14.3%62.5K-682.6K-22.6K0.0285.22N/AN/A107211,0871,930
2025-11-20$24.05$25.0061.9%17.7%32.7%66.5%62.1%6.9%-3.5%67.8K-795.5K-23.6K0.1070.67N/AN/A2582511,1881,930
2025-11-21$24.41$25.0062.8%18.0%33.1%68.1%58.3%8.8%-9.3%115.4K-818.6K-23.7K0.0476.38N/AN/A5241911,2051,902
2025-11-24$24.07$25.0067.9%19.5%30.2%77.1%57.0%7.7%-16.2%88.5K-782.4K-18.9K0.0484.01N/AN/A705269,0401,326
2025-11-25$24.61$25.0063.9%18.3%31.8%70.0%63.1%7.1%-11.3%98.4K-1.2M-20.4K0.0284.73N/AN/A5818,8181,332
2025-11-26$24.59$25.0063.8%18.3%29.7%69.8%64.0%5.6%-12.0%112.7K-1.7M-23.6K0.0277.09N/AN/A8528,8541,333
2025-11-28$24.71$25.0067.5%19.3%27.9%76.4%68.0%7.9%-9.7%102.8K-1.3M-19.7K0.0093.75N/AN/A1108,9351,334