NDLS Options History — January 2025

In January 2025, NDLS traded between $4.64 and $11.84. ATM implied volatility averaged 204.3%, placing in the 39.3% IV rank vs the trailing year. The 30-day expected move averaged 48.0%. IV traded above realized volatility by 89.2% (HV 20d: 115.1%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.08.

Notable Days

  • 2025-01-24: Highest Volume — 65 contracts
  • 2025-01-30: Largest IV spike — 66.0% change
  • 2025-01-10: Highest IV Rank — 88.5%
  • 2025-01-03: Largest Expected Move — 94.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.70$4.64$11.84$4.64$11.84
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV204.3%99.1%406.9%291.3%113.5%
Expected Move48.0%28.4%94.2%83.5%32.6%
HV 20d115.1%62.6%148.1%62.6%137.0%
HV 60d97.3%75.5%112.8%75.5%112.2%
IV Rank39.3%13.8%88.5%60.4%16.3%
IV Percentile70.8%37.3%99.2%97.6%41.7%
Term Structure-15.5%-122.1%312.9%-122.1%-14.6%
VWIV160.3%114.4%263.8%160.9%116.9%
Bid-Ask Spread %73.615.99104.7183.0584.74
Gamma HHI1.000.991.001.001.00
Net GEX26401.5K01.5K
Net DEX4.9K-98.9K32.2K17.0K-98.9K
Net VEX-165-975-1-1-975
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.080.001.000.000.00
Total Volume12.3065633
Total OI227.6147427147427

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$4.64$20.00291.3%83.5%62.6%60.4%0.0%0.0%-122.1%017.0K-10.0083.05N/AN/A6011037
2025-01-03$5.28$20.00328.5%94.2%77.8%69.4%0.0%0.0%0.0%019.3K-10.0084.55N/AN/A1011537
2025-01-06$5.28$20.00296.8%42.2%77.1%61.8%0.0%0.0%-37.7%019.3K-10.0081.83N/AN/A2011637
2025-01-07$5.92$20.00305.0%46.1%83.8%63.7%160.9%0.0%-84.2%021.7K-10.0054.01N/AN/A6011837
2025-01-08$5.12$20.00390.2%51.9%95.8%84.4%0.0%0.0%-75.4%018.8K-10.0083.09N/AN/A0012337
2025-01-10$5.44$20.00406.9%49.9%97.1%88.5%0.0%0.0%-75.5%019.9K-10.0082.40N/AN/A0012337
2025-01-13$5.44$20.00178.3%51.1%97.0%33.0%0.0%0.0%-45.9%019.9K-10.0054.60N/AN/A0012337
2025-01-14$5.04$20.00209.7%60.1%100.4%40.6%0.0%0.0%-108.6%018.5K-10.005.99N/AN/A1012337
2025-01-15$5.84$20.00175.4%50.3%114.1%32.3%0.0%0.0%-80.6%021.4K-10.0083.21N/AN/A0012537
2025-01-16$5.92$20.00179.2%51.4%114.0%33.2%0.0%0.0%0.0%021.7K-10.0783.21N/AN/A5012537
2025-01-17$6.72$20.00148.6%42.6%121.6%25.8%0.0%0.0%312.9%024.6K-10.0083.34N/AN/A45013037
2025-01-21$7.76$20.00146.8%42.1%130.1%25.3%168.2%0.0%-34.6%028.3K-20.0384.98N/AN/A4017137
2025-01-22$8.64$20.00150.4%43.1%133.7%26.2%159.0%0.0%174.0%031.6K-20.1254.86N/AN/A5117537
2025-01-23$8.64$20.00126.9%36.4%133.7%20.5%0.0%0.0%-13.8%032.2K-20.0083.24N/AN/A16018037
2025-01-24$10.80$20.00115.7%33.2%148.1%17.8%114.4%0.0%26.8%35714.4K-1970.0183.75N/AN/A65018337
2025-01-27$11.52$20.0099.1%28.4%147.3%13.8%152.7%0.0%42.2%912-25.0K-5080.0285.47N/AN/A11034738
2025-01-28$11.44$20.0099.9%28.7%147.5%14.0%183.5%0.0%-0.1%875-30.4K-5420.1655.70N/AN/A2034538
2025-01-29$11.20$20.00121.7%34.9%142.8%19.3%122.9%0.0%-39.8%899-26.3K-5121.0055.54N/AN/A0034338
2025-01-30$11.60$20.00202.0%57.9%141.2%38.7%263.8%0.0%-101.4%773-50.9K-5530.00104.71N/AN/A43034338
2025-01-31$11.84$20.00113.5%32.6%137.0%16.3%116.9%0.0%-14.6%1.5K-98.9K-9750.0084.74N/AN/A33038938