NDLS Options History — April 2015

In April 2015, NDLS traded between $138.72 and $168.56. ATM implied volatility averaged 59.1%, placing in the 20.8% IV rank vs the trailing year. The 30-day expected move averaged 17.6%. IV traded above realized volatility by 34.7% (HV 20d: 24.4%). Max pain ranged from $140.00 to $160.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 1.43.

Notable Days

  • 2015-04-27: Highest Volume — 1,012 contracts
  • 2015-04-08: Largest IV spike — 38.9% change
  • 2015-04-29: Highest IV Rank — 38.1%
  • 2015-04-29: Largest Expected Move — 24.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$151.93$138.72$168.56$138.72$160.00
Max Pain$159.05$140.00$160.00$140.00$160.00
ATM IV59.1%36.9%85.1%38.8%84.3%
Expected Move17.6%11.1%24.4%11.1%24.2%
HV 20d24.4%19.7%32.2%32.2%25.7%
HV 60d85.3%84.7%85.8%85.5%85.8%
IV Rank20.8%6.1%38.1%7.3%37.5%
IV Percentile74.6%11.1%96.8%18.3%96.4%
Term Structure-11.8%-32.5%14.4%14.4%-32.5%
VWIV60.0%35.1%87.7%35.1%87.7%
Skew 25d5.1%-2.9%11.9%-2.9%3.7%
Skew 10d13.1%-3.8%29.1%-3.8%15.9%
Call IV 25d59.3%36.4%88.8%36.4%87.1%
Put IV 25d64.3%33.6%90.8%33.6%90.8%
Bid-Ask Spread %68.1124.96111.41111.4173.49
Gamma HHI0.380.270.460.350.39
Net GEX46.5K7.2K90.4K13.5K90.0K
Net DEX266.9K-2.7M2.4M2.3M-362.4K
Net VEX-31.6K-46.0K-27.6K-28.2K-46.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.430.522.581.592.07
Total Volume253.38151,012124430
Total OI1,814.4761,6032,7621,6032,762

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-04-01$138.72$140.0038.8%11.1%32.2%7.3%35.1%-2.9%14.4%13.5K2.3M-28.2K1.59111.41N/AN/A4876910693
2015-04-02$138.96$160.0036.9%15.3%31.3%6.1%54.9%9.4%-4.2%14.1K2.1M-28.6K1.2378.95N/AN/A6580922694
2015-04-06$142.32$160.0041.8%15.9%31.0%9.3%46.1%10.4%-7.8%25.6K1.8M-27.9K1.1477.61N/AN/A7080927692
2015-04-07$141.92$160.0040.1%16.1%28.6%8.2%54.6%9.3%-9.0%25.6K1.7M-27.8K2.0383.44N/AN/A88179930691
2015-04-08$140.16$160.0055.7%16.0%28.7%18.6%59.9%5.5%-8.1%13.9K2.4M-27.6K0.5280.88N/AN/A32916747
2015-04-09$141.12$160.0055.6%16.0%26.4%18.5%51.6%6.4%-7.6%7.2K2.0M-28.0K1.7481.45N/AN/A68118916749
2015-04-10$144.32$160.0055.6%15.9%24.8%18.5%46.6%11.9%-6.7%23.7K1.5M-28.5K1.1382.76N/AN/A7382920750
2015-04-13$149.28$160.0058.1%16.6%25.4%20.1%55.2%5.3%-9.6%46.9K514.0K-29.2K1.1574.20N/AN/A7384921751
2015-04-14$149.12$160.0058.8%16.8%25.5%20.6%56.9%6.7%-10.9%34.9K499.1K-28.6K1.6179.36N/AN/A5791931754
2015-04-15$150.88$160.0057.2%16.4%21.7%19.6%55.6%2.6%-8.1%43.9K15.1K-29.0K1.6252.41N/AN/A5589932759
2015-04-16$151.76$160.0058.2%16.7%21.2%20.3%59.7%2.4%-10.6%47.8K-118.2K-29.4K1.9047.18N/AN/A57108933762
2015-04-17$152.96$160.0058.4%16.8%21.0%20.4%57.4%1.9%-9.3%44.7K-130.3K-29.7K1.5032.07N/AN/A5481943784
2015-04-20$153.20$160.0056.8%16.3%21.0%19.3%54.0%4.4%-11.2%51.6K162.2K-28.8K1.2624.96N/AN/A6177883738
2015-04-21$155.44$160.0058.8%16.8%19.7%20.6%55.7%5.9%-13.2%64.1K-182.9K-29.2K1.4957.85N/AN/A5582898748
2015-04-22$157.52$160.0059.2%17.0%19.9%20.9%60.0%3.9%-11.6%60.2K-789.4K-29.8K1.2026.18N/AN/A8097900754
2015-04-23$161.92$160.0061.3%17.6%20.8%22.3%61.7%4.2%-12.0%87.0K-1.6M-30.2K1.1380.40N/AN/A159179918769
2015-04-24$165.04$160.0065.5%18.8%20.2%25.1%64.4%3.2%-16.0%90.4K-1.6M-33.4K1.1173.55N/AN/A1431581,008847
2015-04-27$168.56$160.0078.4%22.5%20.4%33.6%78.0%10.9%-23.6%78.0K-2.7M-35.4K1.0575.09N/AN/A4935191,021847
2015-04-28$166.48$160.0076.2%21.8%21.2%32.2%77.8%3.7%-19.7%69.7K-1.7M-45.2K2.5878.40N/AN/A992561,3311,209
2015-04-29$160.80$160.0085.1%24.4%26.1%38.1%86.5%-2.4%-31.3%43.5K-157.0K-43.9K0.9258.69N/AN/A3393131,3341,210
2015-04-30$160.00$160.0084.3%24.2%25.7%37.5%87.7%3.7%-32.5%90.0K-362.4K-46.0K2.0773.49N/AN/A1402901,5231,239