NCNO Options History — January 2026

In January 2026, NCNO traded between $21.48 and $25.62. ATM implied volatility averaged 40.5%, placing in the 27.7% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded above realized volatility by 7.3% (HV 20d: 33.2%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.52.

Notable Days

  • 2026-01-22: Highest Volume — 2,291 contracts
  • 2026-01-12: Largest IV spike — 15.0% change
  • 2026-01-12: Highest IV Rank — 37.7%
  • 2026-01-27: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.15$21.48$25.62$24.80$21.51
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV40.5%36.3%46.4%38.3%42.2%
Expected Move11.3%10.4%12.7%11.0%12.1%
HV 20d33.2%23.3%44.7%44.7%44.6%
HV 60d36.9%34.7%40.0%36.8%40.0%
IV Rank27.7%20.1%37.7%24.6%30.4%
IV Percentile50.9%27.8%74.2%42.9%56.3%
Term Structure3.2%-3.4%10.2%-0.4%-3.4%
VWIV40.5%35.7%51.9%51.9%42.4%
Skew 25d4.3%-1.2%13.4%6.8%-1.2%
Skew 10d16.9%3.8%37.4%10.9%3.8%
Call IV 25d38.8%31.3%46.3%38.0%45.4%
Put IV 25d43.1%38.2%49.8%44.9%44.2%
Bid-Ask Spread %77.6762.7696.4296.4277.37
Gamma HHI0.340.310.390.310.33
Net GEX152.8K62.5K214.8K167.2K62.5K
Net DEX-1.8M-3.3M521.4K-2.6M521.4K
Net VEX-17.4K-21.8K-9.7K-21.5K-9.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.003.130.020.01
Total Volume222.8502,29192552
Total OI11,030.29,98912,56610,31312,566

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$24.80$25.0038.3%11.0%44.7%24.6%0.0%6.8%-0.4%167.2K-2.6M-21.5K0.0296.42N/AN/A9029,459854
2026-01-05$24.62$25.0039.8%10.6%42.7%27.2%51.9%3.1%6.4%159.4K-2.2M-19.5K1.4073.32N/AN/A57809,519853
2026-01-06$24.69$25.0039.6%10.7%37.0%26.7%40.6%3.4%7.2%160.8K-2.1M-18.8K0.2675.53N/AN/A209559,530929
2026-01-07$25.32$25.0040.2%10.8%31.3%27.8%35.7%5.0%7.6%184.1K-3.0M-20.5K0.2079.28N/AN/A56119,5591,034
2026-01-08$25.15$25.0039.3%10.7%31.2%26.3%0.0%1.2%8.0%178.8K-2.8M-21.0K0.3480.82N/AN/A29109,5671,045
2026-01-09$25.61$25.0040.4%10.8%26.8%28.1%37.5%1.1%7.3%192.6K-3.3M-21.8K0.2169.85N/AN/A1439,5861,046
2026-01-12$25.62$25.0046.4%11.2%26.5%37.7%0.0%2.9%6.5%189.0K-3.1M-20.3K0.0081.03N/AN/A009,5981,047
2026-01-13$25.13$25.0040.8%10.8%26.6%27.9%37.6%2.3%7.8%179.7K-2.6M-18.9K3.1379.10N/AN/A16509,5981,047
2026-01-14$24.52$25.0038.2%11.0%25.9%23.3%38.5%0.6%7.2%144.7K-1.8M-17.4K1.1484.39N/AN/A14169,5921,097
2026-01-15$24.45$25.0037.4%10.7%25.9%21.9%37.4%0.2%10.2%139.5K-1.6M-16.7K0.0080.93N/AN/A9409,5911,113
2026-01-16$24.27$25.0036.3%10.4%23.3%20.1%36.5%7.2%1.6%146.2K-1.6M-17.6K0.2473.78N/AN/A2159,6801,097
2026-01-20$23.09$25.0041.3%11.8%28.6%28.7%40.9%5.4%-0.2%106.9K-695.2K-14.0K1.1569.09N/AN/A39459,046943
2026-01-21$22.81$25.0040.2%11.5%28.6%26.9%37.7%3.4%0.2%92.9K-353.9K-13.1K0.1462.76N/AN/A3659,074978
2026-01-22$24.05$25.0040.0%11.5%34.3%26.4%42.8%-0.8%0.0%135.0K-1.6M-16.7K0.0181.93N/AN/A2,277149,086979
2026-01-23$24.38$25.0037.6%10.8%34.9%22.3%37.3%13.4%2.7%211.0K-2.4M-20.2K0.0080.00N/AN/A221011,168989
2026-01-26$24.47$25.0040.9%11.7%34.9%28.1%43.5%11.9%-1.1%214.8K-2.4M-19.7K0.5068.07N/AN/A12611,315989
2026-01-27$23.70$25.0044.2%12.7%36.0%33.8%44.2%9.4%-1.1%166.5K-1.3M-15.5K0.3382.43N/AN/A15511,312989
2026-01-28$23.23$25.0043.2%12.4%36.3%32.0%41.3%9.5%-1.5%153.3K-1.1M-15.5K0.0783.17N/AN/A1811311,319989
2026-01-29$21.48$25.0043.6%12.5%44.5%32.9%42.4%1.4%-0.2%71.7K344.6K-10.0K0.7674.17N/AN/A1168811,432989
2026-01-30$21.51$25.0042.2%12.1%44.6%30.4%42.4%-1.2%-3.4%62.5K521.4K-9.7K0.0177.37N/AN/A549311,4941,072