NDLS Options History — March 2025

In March 2025, NDLS traded between $8.32 and $11.12. ATM implied volatility averaged 166.2%, placing in the 29.3% IV rank vs the trailing year. The 30-day expected move averaged 40.6%. IV traded above realized volatility by 65.8% (HV 20d: 100.3%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.51.

Notable Days

  • 2025-03-17: Highest Volume — 25 contracts
  • 2025-03-21: Largest IV spike — 143.3% change
  • 2025-03-21: Highest IV Rank — 65.6%
  • 2025-03-14: Largest Expected Move — 69.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.46$8.32$11.12$10.32$8.72
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV166.2%119.6%314.2%149.7%166.8%
Expected Move40.6%26.1%69.2%42.9%32.0%
HV 20d100.3%80.4%113.0%83.8%95.7%
HV 60d112.7%106.1%116.5%106.9%114.0%
IV Rank29.3%17.8%65.6%25.2%29.4%
IV Percentile60.6%37.7%96.0%61.5%66.3%
Term Structure-58.9%-355.1%162.1%138.0%-59.4%
VWIV153.0%132.4%175.3%151.3%132.4%
Bid-Ask Spread %82.428.43120.7955.2284.41
Gamma HHI1.001.001.001.001.00
Net GEX22301.7K1.4K0
Net DEX19.0K-86.9K42.0K-86.9K33.0K
Net VEX-124-880-4-830-4
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.510.0015.000.007.50
Total Volume4.14302540
Total OI552.19509585538542

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$10.32$20.00149.7%42.9%83.8%25.2%151.3%0.0%138.0%1.4K-86.9K-8300.0055.22N/AN/A4050038
2025-03-04$10.64$20.00143.8%41.2%80.7%23.8%0.0%0.0%162.1%040.2K-40.008.43N/AN/A0050438
2025-03-05$10.64$20.00148.2%42.5%80.4%24.8%0.0%0.0%-119.9%1.6K-85.4K-8800.0085.06N/AN/A4050438
2025-03-06$9.84$20.00185.2%53.1%84.0%33.9%175.3%0.0%-160.8%037.1K-40.0084.76N/AN/A1050838
2025-03-07$11.12$20.00124.8%35.8%96.3%19.1%0.0%0.0%41.8%042.0K-40.02120.79N/AN/A7050938
2025-03-10$10.88$20.00167.1%47.9%96.0%29.5%0.0%0.0%-24.2%1.7K-77.2K-82715.0085.20N/AN/A0251638
2025-03-11$9.84$20.00221.9%58.8%99.8%42.9%0.0%0.0%-240.6%039.0K-40.0055.96N/AN/A2051740
2025-03-12$9.68$20.00235.4%54.8%99.8%46.2%0.0%0.0%-249.5%038.4K-40.0083.23N/AN/A3051740
2025-03-13$8.32$20.00292.2%64.6%111.2%60.2%0.0%0.0%-309.9%033.0K-40.0082.99N/AN/A0051840
2025-03-14$8.96$20.00121.8%69.2%112.9%18.4%0.0%0.0%61.0%035.5K-40.0083.08N/AN/A1051940
2025-03-17$8.64$20.00122.8%32.8%113.0%18.6%0.0%0.0%18.8%034.2K-40.00103.13N/AN/A25052040
2025-03-18$9.04$20.00130.6%31.9%112.3%20.5%0.0%0.0%3.0%035.8K-50.0084.51N/AN/A0054540
2025-03-19$8.96$20.00119.6%40.2%111.6%17.8%0.0%0.0%59.3%035.5K-50.00103.76N/AN/A0054540
2025-03-20$8.64$20.00129.1%36.1%111.2%20.2%132.4%0.0%16.4%034.2K-50.05103.91N/AN/A2054540
2025-03-21$8.72$20.00314.2%29.5%108.6%65.6%0.0%0.0%-355.1%034.7K-50.0083.76N/AN/A0054440
2025-03-24$8.88$20.00143.4%27.9%107.4%23.7%0.0%0.0%-40.9%034.3K-40.0183.76N/AN/A21047039
2025-03-25$9.04$20.00135.7%26.1%100.4%21.8%0.0%0.0%-42.0%035.0K-40.0083.83N/AN/A0049139
2025-03-26$9.36$20.00144.1%27.4%101.5%23.8%0.0%0.0%-42.3%036.3K-40.0085.47N/AN/A13049139
2025-03-27$9.36$20.00133.7%27.6%100.3%21.3%0.0%0.0%-44.5%036.3K-40.0085.16N/AN/A0050439
2025-03-28$9.04$20.00159.5%29.5%100.3%27.6%0.0%0.0%-48.6%035.0K-47.5084.51N/AN/A0250439
2025-03-31$8.72$20.00166.8%32.0%95.7%29.4%0.0%0.0%-59.4%033.0K-40.0084.41N/AN/A0050438