NDLS Options History — August 2024

In August 2024, NDLS traded between $11.36 and $14.32. ATM implied volatility averaged 128.5%, placing in the 30.2% IV rank vs the trailing year. The 30-day expected move averaged 37.1%. IV traded above realized volatility by 52.2% (HV 20d: 76.3%). 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 8 of 22 days. Put/call ratio averaged 3.10.

Notable Days

2024-08-06: Highest Volume — 26 contracts
2024-08-14: Largest IV drop — 68.0% change
2024-08-13: Highest IV Rank — 75.5%
2024-08-08: Largest Expected Move — 100.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.81	$11.36	$14.32	$14.32	$12.64
Max Pain	$20.00	$20.00	$20.00	$20.00	$20.00
ATM IV	128.5%	74.5%	265.3%	146.8%	91.8%
Expected Move	37.1%	21.3%	100.9%	42.1%	26.3%
HV 20d	76.3%	61.0%	86.0%	61.0%	77.9%
HV 60d	84.8%	81.3%	94.9%	92.8%	82.1%
IV Rank	30.2%	12.3%	75.5%	36.3%	18.1%
IV Percentile	73.5%	43.3%	99.2%	90.1%	60.7%
Term Structure	-29.2%	-285.6%	109.2%	-81.0%	-14.4%
VWIV	68.5%	68.5%	68.5%	68.5%	68.5%
Bid-Ask Spread %	86.50	56.79	141.67	122.89	56.79
Gamma HHI	0.86	0.63	1.00	0.94	0.69
Net GEX	327	63	693	693	108
Net DEX	1.3K	-24.4K	14.8K	-24.4K	11.6K
Net VEX	-114	-216	-32	-193	-42
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.10	0.00	52.50	0.00	0.00
Total Volume	3.091	0	26	0	0
Total OI	125.091	97	153	124	97

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
2024-08-01	$14.32	$20.00	146.8%	42.1%	61.0%	36.3%	0.0%	0.0%	-81.0%	693	-24.4K	-193	0.00	122.89	N/A	N/A	0	0	120	4
2024-08-02	$14.32	$20.00	151.9%	43.6%	61.0%	38.0%	0.0%	0.0%	-77.6%	692	-22.6K	-183	0.00	122.89	N/A	N/A	1	0	120	4
2024-08-05	$12.96	$20.00	172.4%	81.7%	71.4%	44.8%	0.0%	0.0%	-134.8%	461	-18.6K	-141	52.50	141.67	N/A	N/A	0	13	121	4
2024-08-06	$13.04	$20.00	114.9%	57.4%	68.6%	25.7%	68.5%	0.0%	53.3%	387	-16.1K	-216	0.00	109.21	N/A	N/A	26	0	121	16
2024-08-07	$11.84	$20.00	185.6%	48.9%	76.0%	49.1%	0.0%	0.0%	12.6%	67	14.2K	-40	0.00	103.35	N/A	N/A	1	0	135	16
2024-08-08	$11.36	$20.00	160.1%	100.9%	72.3%	40.7%	0.0%	0.0%	-285.6%	63	14.6K	-32	0.25	141.50	N/A	N/A	1	0	135	16
2024-08-09	$11.84	$20.00	210.3%	58.1%	74.4%	57.3%	0.0%	0.0%	-241.9%	70	14.8K	-37	0.00	90.30	N/A	N/A	2	0	136	16
2024-08-12	$12.80	$20.00	255.4%	28.0%	78.7%	72.3%	0.0%	0.0%	-32.7%	391	5.7K	-128	0.00	104.64	N/A	N/A	1	0	136	16
2024-08-13	$13.52	$20.00	265.3%	21.6%	79.6%	75.5%	0.0%	0.0%	32.1%	480	-6.1K	-194	0.00	105.01	N/A	N/A	0	0	136	16
2024-08-14	$13.68	$20.00	85.0%	24.4%	79.7%	15.8%	0.0%	0.0%	16.0%	430	-1.9K	-157	0.00	103.17	N/A	N/A	1	0	136	16
2024-08-15	$13.84	$20.00	74.5%	21.3%	79.7%	12.3%	0.0%	0.0%	62.8%	484	7.7K	-126	0.00	62.38	N/A	N/A	0	0	137	16
2024-08-16	$12.64	$20.00	87.9%	25.2%	86.0%	16.8%	0.0%	0.0%	109.2%	356	8.4K	-104	0.00	60.19	N/A	N/A	1	0	137	16
2024-08-19	$13.04	$20.00	78.6%	22.5%	83.3%	13.7%	0.0%	0.0%	-4.7%	423	2.9K	-130	0.00	59.46	N/A	N/A	1	0	83	14
2024-08-20	$13.04	$20.00	79.9%	22.9%	83.3%	14.1%	0.0%	0.0%	-5.3%	436	-12.0K	-183	0.00	86.30	N/A	N/A	6	0	83	14
2024-08-21	$13.04	$20.00	81.2%	23.3%	81.6%	14.5%	0.0%	0.0%	-5.8%	478	916	-145	0.00	59.46	N/A	N/A	4	0	89	14
2024-08-22	$12.32	$20.00	92.0%	26.4%	77.9%	18.1%	0.0%	0.0%	15.6%	171	8.8K	-69	0.00	59.84	N/A	N/A	0	0	93	14
2024-08-23	$12.48	$20.00	95.0%	27.2%	77.5%	19.1%	0.0%	0.0%	-8.0%	430	859	-138	0.00	59.84	N/A	N/A	0	0	93	14
2024-08-26	$12.48	$20.00	91.8%	26.3%	77.5%	18.0%	0.0%	0.0%	1.8%	183	8.8K	-71	0.00	60.19	N/A	N/A	0	0	93	14
2024-08-27	$12.32	$20.00	101.0%	29.0%	77.5%	21.1%	0.0%	0.0%	-26.4%	145	9.3K	-64	0.00	79.30	N/A	N/A	0	0	93	14
2024-08-28	$12.16	$20.00	101.4%	29.1%	76.9%	21.3%	0.0%	0.0%	-13.2%	165	8.7K	-68	0.00	57.26	N/A	N/A	10	0	93	14
2024-08-29	$12.16	$20.00	103.6%	29.7%	76.1%	22.0%	0.0%	0.0%	-14.4%	91	12.3K	-37	0.00	57.26	N/A	N/A	0	0	83	14
2024-08-30	$12.64	$20.00	91.8%	26.3%	77.9%	18.1%	0.0%	0.0%	-14.4%	108	11.6K	-42	0.00	56.79	N/A	N/A	0	0	83	14