NDLS Options History — April 2024

In April 2024, NDLS traded between $9.36 and $14.96. ATM implied volatility averaged 159.3%, placing in the 47.9% IV rank vs the trailing year. The 30-day expected move averaged 38.1%. IV traded above realized volatility by 92.8% (HV 20d: 66.5%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.08.

Notable Days

2024-04-29: Highest Volume — 45 contracts
2024-04-02: Largest IV spike — 107.9% change
2024-04-09: Highest IV Rank — 100.0%
2024-04-19: Largest Expected Move — 97.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.85	$9.36	$14.96	$14.96	$12.16
Max Pain	$20.00	$20.00	$20.00	$20.00	$20.00
ATM IV	159.3%	78.4%	339.1%	78.4%	99.0%
Expected Move	38.1%	22.5%	97.2%	22.5%	28.4%
HV 20d	66.5%	53.5%	85.1%	60.6%	85.1%
HV 60d	60.9%	56.2%	67.7%	58.7%	67.2%
IV Rank	47.9%	17.8%	100.0%	17.8%	20.5%
IV Percentile	87.6%	63.1%	100.0%	63.1%	75.0%
Term Structure	-52.8%	-218.7%	-1.6%	-1.6%	-42.7%
VWIV	148.5%	129.5%	158.1%	158.1%	157.7%
Bid-Ask Spread %	71.61	55.35	125.64	74.13	90.31
Gamma HHI	0.99	0.89	1.00	1.00	1.00
Net GEX	396	0	3.6K	3.6K	315
Net DEX	31.5K	-56.1K	67.3K	12.9K	18.1K
Net VEX	-80	-632	-3	-419	-85
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.08	0.00	0.91	0.00	0.00
Total Volume	4.455	0	45	0	0
Total OI	391.409	357	407	407	397

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-04-01	$14.96	$20.00	78.4%	22.5%	60.6%	17.8%	0.0%	0.0%	-1.6%	3.6K	12.9K	-419	0.00	74.13	N/A	N/A	0	0	353	54
2024-04-02	$14.48	$20.00	163.0%	46.7%	60.8%	54.0%	0.0%	0.0%	-92.9%	3.4K	-56.1K	-632	0.00	117.35	N/A	N/A	0	0	353	54
2024-04-03	$14.16	$20.00	158.6%	45.5%	60.7%	52.1%	158.1%	0.0%	-65.8%	140	67.3K	-65	0.91	125.64	N/A	N/A	3	3	353	54
2024-04-04	$13.04	$20.00	188.0%	23.5%	64.1%	64.6%	0.0%	0.0%	-36.7%	100	63.5K	-33	0.00	58.16	N/A	N/A	0	1	353	51
2024-04-05	$12.48	$20.00	213.0%	28.4%	64.6%	75.3%	129.5%	0.0%	-52.8%	89	60.4K	-31	0.00	87.88	N/A	N/A	1	0	353	51
2024-04-08	$12.48	$20.00	251.8%	25.5%	61.2%	91.9%	0.0%	0.0%	-36.4%	88	49.4K	-30	0.03	61.33	N/A	N/A	4	0	354	42
2024-04-09	$12.48	$20.00	276.3%	23.4%	61.5%	100.0%	0.0%	0.0%	-12.6%	140	43.7K	-65	0.00	58.43	N/A	N/A	0	0	358	42
2024-04-10	$12.00	$20.00	87.8%	25.2%	57.6%	21.3%	0.0%	0.0%	-40.5%	74	48.4K	-22	0.00	55.92	N/A	N/A	6	0	358	42
2024-04-11	$12.48	$20.00	85.5%	24.5%	55.1%	20.3%	0.0%	0.0%	-39.2%	143	43.3K	-64	0.00	58.70	N/A	N/A	0	0	358	40
2024-04-12	$12.16	$20.00	90.0%	25.8%	53.5%	22.2%	0.0%	0.0%	-33.1%	89	46.4K	-31	0.00	59.76	N/A	N/A	0	0	358	40
2024-04-15	$11.68	$20.00	99.7%	28.6%	54.1%	26.3%	0.0%	0.0%	-47.8%	89	44.1K	-35	0.00	58.11	N/A	N/A	0	0	358	40
2024-04-16	$10.80	$20.00	137.3%	39.4%	58.5%	42.0%	0.0%	0.0%	-101.0%	24	42.4K	-16	0.10	85.06	N/A	N/A	1	0	358	40
2024-04-17	$10.00	$20.00	214.9%	61.6%	62.4%	74.4%	0.0%	0.0%	-218.7%	0	40.1K	-3	0.00	56.83	N/A	N/A	0	0	359	40
2024-04-18	$9.36	$20.00	249.7%	71.6%	57.5%	88.9%	0.0%	0.0%	-21.1%	0	24.3K	-3	0.00	86.14	N/A	N/A	13	0	359	26
2024-04-19	$9.36	$20.00	339.1%	97.2%	56.7%	100.0%	0.0%	0.0%	-64.8%	0	24.3K	-3	0.20	95.11	N/A	N/A	1	0	372	26
2024-04-22	$10.64	$20.00	128.7%	36.9%	78.5%	30.4%	0.0%	0.0%	-35.3%	37	21.2K	-21	0.00	57.26	N/A	N/A	3	0	335	22
2024-04-23	$11.20	$20.00	117.6%	33.7%	81.9%	26.7%	0.0%	0.0%	-34.4%	47	21.8K	-26	0.00	57.62	N/A	N/A	12	0	342	22
2024-04-24	$10.80	$20.00	115.1%	33.0%	82.1%	25.9%	0.0%	0.0%	-37.7%	47	21.5K	-25	0.00	55.35	N/A	N/A	1	0	349	22
2024-04-25	$11.20	$20.00	132.4%	38.0%	81.0%	31.6%	0.0%	0.0%	-37.6%	60	21.5K	-31	0.00	58.59	N/A	N/A	3	0	350	22
2024-04-26	$11.20	$20.00	148.2%	42.5%	81.1%	36.9%	0.0%	0.0%	-64.8%	57	22.0K	-27	0.00	59.80	N/A	N/A	1	0	353	22
2024-04-29	$11.68	$20.00	130.0%	37.3%	83.4%	30.8%	157.7%	0.0%	-43.0%	220	13.6K	-92	0.00	57.90	N/A	N/A	45	0	354	22
2024-04-30	$12.16	$20.00	99.0%	28.4%	85.1%	20.5%	0.0%	0.0%	-42.7%	315	18.1K	-85	0.00	90.31	N/A	N/A	0	0	375	22