NDLS Options History — December 2024

In December 2024, NDLS traded between $4.56 and $5.84. ATM implied volatility averaged 242.7%, placing in the 48.6% IV rank vs the trailing year. The 30-day expected move averaged 62.5%. IV traded above realized volatility by 169.6% (HV 20d: 73.1%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.09.

Notable Days

2024-12-06: Highest Volume — 15 contracts
2024-12-11: Largest IV drop — 48.3% change
2024-12-10: Highest IV Rank — 78.8%
2024-12-31: Largest Expected Move — 77.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.40	$4.56	$5.84	$5.76	$4.56
Max Pain	$20.00	$20.00	$20.00	$20.00	$20.00
ATM IV	242.7%	189.9%	367.2%	223.5%	271.3%
Expected Move	62.5%	47.0%	77.8%	64.1%	77.8%
HV 20d	73.1%	57.7%	94.1%	92.9%	62.4%
HV 60d	74.7%	73.6%	76.2%	74.0%	75.3%
IV Rank	48.6%	35.8%	78.8%	44.0%	55.6%
IV Percentile	91.3%	84.1%	99.2%	91.7%	96.4%
Term Structure	-91.5%	-137.4%	-13.5%	-79.2%	-109.9%
VWIV	250.3%	214.2%	286.5%	214.2%	286.5%
Bid-Ask Spread %	69.45	4.40	103.68	82.92	53.23
Net GEX	0	0	0	0	0
Net DEX	19.5K	16.3K	21.4K	16.3K	16.8K
Net VEX	-1	-1	-1	-1	-1
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.09	0.00	0.67	0.00	0.00
Total Volume	2.857	0	15	4	0
Total OI	151	125	168	125	147

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-12-02	$5.76	$20.00	223.5%	64.1%	92.9%	44.0%	0.0%	0.0%	-79.2%	16.3K	-1	0.00	82.92	N/A	N/A	0	4	97	28
2024-12-03	$5.84	$20.00	232.3%	66.6%	93.7%	46.1%	0.0%	0.0%	0.0%	19.1K	-1	0.00	84.33	N/A	N/A	2	0	97	33
2024-12-04	$5.52	$20.00	254.9%	73.1%	94.1%	51.6%	0.0%	0.0%	0.0%	18.0K	-1	0.30	83.16	N/A	N/A	6	2	98	33
2024-12-05	$5.36	$20.00	257.9%	47.0%	90.6%	52.3%	0.0%	0.0%	-102.3%	18.5K	-1	0.00	83.16	N/A	N/A	0	1	104	35
2024-12-06	$5.04	$20.00	284.7%	47.6%	78.4%	58.8%	0.0%	0.0%	-13.5%	18.0K	-1	0.04	53.86	N/A	N/A	14	1	104	36
2024-12-09	$5.44	$20.00	325.8%	56.0%	85.5%	68.8%	214.2%	0.0%	-106.0%	19.8K	-1	0.67	52.99	N/A	N/A	2	1	118	36
2024-12-10	$5.68	$20.00	367.2%	54.9%	76.4%	78.8%	0.0%	0.0%	-86.0%	21.4K	-1	0.00	83.74	N/A	N/A	4	0	120	38
2024-12-11	$5.60	$20.00	189.9%	54.5%	75.3%	35.8%	0.0%	0.0%	0.0%	21.1K	-1	0.00	102.64	N/A	N/A	3	0	124	38
2024-12-12	$5.68	$20.00	196.6%	56.4%	74.8%	37.4%	0.0%	0.0%	-65.2%	21.4K	-1	0.00	53.95	N/A	N/A	2	0	127	38
2024-12-13	$5.60	$20.00	195.0%	55.9%	74.3%	37.0%	0.0%	0.0%	-67.2%	21.1K	-1	0.00	83.16	N/A	N/A	1	0	129	38
2024-12-16	$5.68	$20.00	208.0%	59.6%	74.0%	40.2%	0.0%	0.0%	0.0%	21.4K	-1	0.00	83.74	N/A	N/A	1	0	129	38
2024-12-17	$5.52	$20.00	202.1%	58.0%	72.7%	38.8%	0.0%	0.0%	0.0%	20.8K	-1	0.00	102.64	N/A	N/A	0	0	130	38
2024-12-18	$5.44	$20.00	235.2%	67.4%	61.6%	46.8%	0.0%	0.0%	0.0%	20.5K	-1	0.00	103.68	N/A	N/A	9	0	130	38
2024-12-19	$5.44	$20.00	203.2%	58.2%	60.6%	39.0%	0.0%	0.0%	0.0%	20.5K	-1	0.00	83.16	N/A	N/A	0	0	129	38
2024-12-20	$5.68	$20.00	221.9%	63.6%	62.7%	43.6%	0.0%	0.0%	-110.1%	21.4K	-1	0.00	57.39	N/A	N/A	1	0	129	38
2024-12-23	$5.36	$20.00	222.5%	63.8%	62.4%	43.7%	0.0%	0.0%	-111.3%	19.8K	-1	0.00	13.78	N/A	N/A	0	0	105	37
2024-12-24	$5.28	$20.00	245.8%	70.5%	57.9%	49.4%	0.0%	0.0%	-115.9%	19.5K	-1	0.20	53.86	N/A	N/A	3	1	105	37
2024-12-26	$5.28	$20.00	233.4%	66.9%	57.7%	46.4%	0.0%	0.0%	-77.2%	19.3K	-1	0.00	55.52	N/A	N/A	0	0	107	37
2024-12-27	$4.88	$20.00	254.0%	72.8%	63.8%	51.4%	0.0%	0.0%	-137.4%	17.8K	-1	0.00	4.40	N/A	N/A	0	0	107	37
2024-12-30	$4.80	$20.00	270.7%	77.6%	63.4%	55.4%	0.0%	0.0%	-100.5%	17.5K	-1	0.00	83.05	N/A	N/A	2	0	107	37
2024-12-31	$4.56	$20.00	271.3%	77.8%	62.4%	55.6%	286.5%	0.0%	-109.9%	16.8K	-1	0.00	53.23	N/A	N/A	0	0	110	37