NDLS Options History — February 2018

In February 2018, NDLS traded between $44.40 and $54.80. ATM implied volatility averaged 74.7%, placing in the 29.4% IV rank vs the trailing year. The 30-day expected move averaged 21.4%. IV traded above realized volatility by 26.3% (HV 20d: 48.4%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.55.

Notable Days

  • 2018-02-16: Highest Volume — 170 contracts
  • 2018-02-05: Largest IV spike — 54.9% change
  • 2018-02-06: Highest IV Rank — 49.0%
  • 2018-02-08: Largest Expected Move — 25.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.38$44.40$54.80$46.80$50.24
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV74.7%45.1%103.5%47.8%78.4%
Expected Move21.4%14.5%25.0%14.5%22.5%
HV 20d48.4%32.1%64.3%35.0%64.2%
HV 60d51.7%47.3%55.0%53.4%53.7%
IV Rank29.4%9.3%49.0%11.1%31.9%
IV Percentile60.0%3.6%93.3%8.3%71.4%
Term Structure-4.4%-27.0%16.6%10.9%-22.8%
VWIV70.9%47.7%89.8%58.8%75.9%
Bid-Ask Spread %56.2525.0394.1960.4868.68
Gamma HHI0.830.530.990.630.91
Net GEX10.3K3.2K20.6K5.5K6.9K
Net DEX-277.8K-632.8K-30.0K-151.1K-236.4K
Net VEX-2.4K-3.3K-1.7K-1.8K-2.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.121.090.531.09
Total Volume58.474231702340
Total OI427.053392547396451

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-02-01$46.80$40.0047.8%14.5%35.0%11.1%58.8%0.0%10.9%5.5K-151.1K-1.8K0.5360.48N/AN/A158237159
2018-02-02$47.44$40.0045.1%18.1%35.1%9.3%56.5%0.0%13.3%4.9K-136.1K-1.7K0.4590.01N/AN/A188238160
2018-02-05$47.20$40.0070.0%23.7%35.3%26.2%77.5%0.0%-9.6%5.5K-167.9K-1.9K0.4494.19N/AN/A198236160
2018-02-06$49.20$40.00103.5%20.5%37.0%49.0%85.9%0.0%-27.0%5.0K-243.8K-2.2K0.2451.02N/AN/A246237160
2018-02-07$48.00$40.0077.2%22.1%32.1%31.2%72.8%0.0%-6.5%5.4K-142.1K-1.9K0.2044.28N/AN/A296232160
2018-02-08$45.44$40.0087.2%25.0%37.9%37.9%89.8%0.0%15.3%5.3K-77.0K-1.9K0.5650.19N/AN/A2916242160
2018-02-09$45.20$40.0085.8%24.6%37.7%37.0%47.7%0.0%-6.7%3.2K-35.8K-1.8K0.3034.26N/AN/A299242165
2018-02-12$44.40$40.0084.9%24.3%37.3%36.4%72.2%0.0%-5.2%4.8K-30.0K-1.8K0.8131.05N/AN/A2924242167
2018-02-13$48.24$40.0068.8%19.7%47.8%25.5%53.3%0.0%16.6%4.7K-107.4K-1.9K0.6039.06N/AN/A2918242175
2018-02-14$49.04$40.0085.8%24.6%48.0%37.0%69.1%0.0%-4.3%5.1K-162.9K-2.0K0.1580.99N/AN/A11418242175
2018-02-15$49.20$40.0068.7%19.7%47.6%25.4%72.8%0.0%9.7%13.1K-337.9K-2.8K0.1260.67N/AN/A14718371175
2018-02-16$49.04$40.0079.1%22.7%47.6%32.5%76.8%0.0%0.5%12.7K-313.3K-2.7K0.1425.03N/AN/A14921372175
2018-02-20$54.80$40.0085.9%24.6%60.9%37.1%85.7%0.0%-20.9%18.2K-605.9K-3.1K0.5833.40N/AN/A352030896
2018-02-21$54.80$40.0082.1%23.5%60.9%34.5%81.9%0.0%-15.4%19.4K-632.8K-3.3K0.8061.70N/AN/A252032197
2018-02-22$52.00$40.0070.7%20.3%64.1%26.7%72.2%0.0%2.4%17.8K-478.1K-3.0K0.8366.70N/AN/A252132197
2018-02-23$52.40$40.0064.8%18.6%63.2%22.7%60.4%0.0%-20.3%17.8K-462.6K-2.9K0.8656.41N/AN/A221932299
2018-02-26$53.60$40.0065.6%18.8%63.1%23.2%72.1%0.0%-6.5%20.6K-531.0K-3.1K0.5660.23N/AN/A341933399
2018-02-27$51.20$40.0067.5%19.3%64.3%24.5%65.4%0.0%-6.7%18.8K-427.0K-3.0K1.0960.50N/AN/A192134799
2018-02-28$50.24$40.0078.4%22.5%64.2%31.9%75.9%0.0%-22.8%6.9K-236.4K-2.4K1.0968.68N/AN/A1921348103