NDLS Options History — July 2024

In July 2024, NDLS traded between $12.00 and $14.32. ATM implied volatility averaged 109.2%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 28.9%. IV traded above realized volatility by 18.6% (HV 20d: 90.6%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.03.

Notable Days

2024-07-22: Highest Volume — 14 contracts
2024-07-10: Largest IV drop — 49.5% change
2024-07-09: Highest IV Rank — 37.4%
2024-07-24: Largest Expected Move — 39.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.20	$12.00	$14.32	$12.96	$14.00
Max Pain	$20.00	$20.00	$20.00	$20.00	$20.00
ATM IV	109.2%	75.8%	150.0%	115.3%	122.4%
Expected Move	28.9%	21.7%	39.1%	33.1%	35.1%
HV 20d	90.6%	61.9%	106.5%	106.5%	61.9%
HV 60d	98.0%	94.5%	101.4%	100.7%	96.4%
IV Rank	23.8%	12.7%	37.4%	25.8%	28.2%
IV Percentile	73.1%	49.6%	92.5%	80.2%	80.2%
Term Structure	-12.4%	-78.8%	35.5%	-41.5%	-53.9%
VWIV	103.7%	88.5%	118.0%	104.6%	118.0%
Bid-Ask Spread %	63.43	12.61	103.61	12.61	59.42
Gamma HHI	0.98	0.93	1.00	1.00	0.95
Net GEX	514	409	670	475	651
Net DEX	-19.3K	-29.3K	-13.0K	-13.8K	-22.9K
Net VEX	-161	-202	-130	-139	-187
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.03	0.00	0.25	0.00	0.00
Total Volume	1.318	0	14	0	0
Total OI	114.545	105	124	106	124

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	Call OI	Put OI
2024-07-01	$12.96	$20.00	115.3%	33.1%	106.5%	25.8%	0.0%	0.0%	-41.5%	475	-13.8K	-139	0.00	12.61	N/A	N/A	0	102	4
2024-07-02	$12.64	$20.00	125.5%	36.0%	104.7%	29.2%	0.0%	0.0%	-32.8%	437	-13.3K	-136	0.00	58.70	N/A	N/A	3	102	4
2024-07-03	$12.32	$20.00	136.0%	39.0%	104.6%	32.7%	0.0%	0.0%	-50.1%	451	-16.4K	-147	0.00	59.42	N/A	N/A	3	104	4
2024-07-05	$12.32	$20.00	145.9%	24.4%	102.9%	36.0%	0.0%	0.0%	11.9%	426	-17.6K	-139	0.00	58.43	N/A	N/A	0	101	4
2024-07-08	$12.64	$20.00	140.2%	25.7%	103.8%	34.1%	104.6%	0.0%	-28.8%	474	-13.8K	-130	0.00	86.63	N/A	N/A	6	101	4
2024-07-09	$12.00	$20.00	150.0%	22.3%	104.5%	37.4%	88.5%	0.0%	22.5%	409	-15.4K	-139	0.00	58.67	N/A	N/A	0	108	4
2024-07-10	$12.48	$20.00	75.8%	21.7%	105.1%	12.7%	0.0%	0.0%	18.0%	438	-13.0K	-135	0.00	74.73	N/A	N/A	0	108	4
2024-07-11	$13.36	$20.00	77.9%	22.3%	103.0%	13.5%	0.0%	0.0%	16.0%	482	-18.9K	-161	0.00	59.50	N/A	N/A	0	108	4
2024-07-12	$13.36	$20.00	79.0%	22.6%	102.7%	13.8%	0.0%	0.0%	29.9%	446	-24.9K	-170	0.00	56.66	N/A	N/A	0	108	4
2024-07-15	$12.80	$20.00	93.0%	26.7%	103.3%	18.5%	0.0%	0.0%	17.1%	460	-17.2K	-148	0.00	60.65	N/A	N/A	0	108	4
2024-07-16	$13.36	$20.00	83.8%	24.0%	97.8%	15.4%	0.0%	0.0%	12.1%	480	-18.9K	-156	0.00	58.68	N/A	N/A	0	108	4
2024-07-17	$13.36	$20.00	90.6%	26.0%	79.8%	17.7%	118.0%	0.0%	28.7%	483	-18.6K	-156	0.25	61.85	N/A	N/A	1	108	4
2024-07-18	$13.20	$20.00	92.9%	26.6%	79.8%	18.4%	0.0%	0.0%	26.5%	502	-17.7K	-150	0.00	73.19	N/A	N/A	0	108	4
2024-07-19	$12.96	$20.00	91.0%	26.1%	79.8%	17.8%	0.0%	0.0%	9.9%	481	-17.3K	-148	0.00	59.49	N/A	N/A	1	109	4
2024-07-22	$13.84	$20.00	79.9%	22.9%	83.7%	14.1%	0.0%	0.0%	35.5%	544	-18.1K	-158	0.00	59.86	N/A	N/A	14	109	4
2024-07-23	$13.84	$20.00	106.7%	30.6%	83.6%	23.0%	0.0%	0.0%	-18.1%	607	-24.6K	-191	0.00	63.67	N/A	N/A	0	120	4
2024-07-24	$13.20	$20.00	136.5%	39.1%	84.7%	32.9%	0.0%	0.0%	-78.8%	566	-20.0K	-173	0.00	87.59	N/A	N/A	0	120	4
2024-07-25	$14.32	$20.00	106.5%	30.5%	87.9%	22.9%	0.0%	0.0%	-38.0%	670	-25.7K	-192	0.00	103.61	N/A	N/A	0	120	4
2024-07-26	$13.84	$20.00	114.0%	32.7%	87.7%	25.4%	0.0%	0.0%	-53.0%	585	-29.3K	-202	0.00	61.75	N/A	N/A	0	120	4
2024-07-29	$13.84	$20.00	113.7%	32.6%	62.6%	25.3%	0.0%	0.0%	-53.8%	638	-22.3K	-188	0.00	60.40	N/A	N/A	0	120	4
2024-07-30	$13.68	$20.00	125.5%	36.0%	62.4%	29.2%	0.0%	0.0%	-53.0%	592	-25.2K	-188	0.00	59.95	N/A	N/A	1	120	4
2024-07-31	$14.00	$20.00	122.4%	35.1%	61.9%	28.2%	0.0%	0.0%	-53.9%	651	-22.9K	-187	0.00	59.42	N/A	N/A	0	120	4