NDLS Options History — May 2025

In May 2025, NDLS traded between $5.84 and $8.32. ATM implied volatility averaged 227.7%, placing in the 43.4% IV rank vs the trailing year. The 30-day expected move averaged 51.7%. IV traded above realized volatility by 146.8% (HV 20d: 80.9%). 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 5 of 21 days. Put/call ratio averaged 0.24.

Notable Days

  • 2025-05-09: Highest Volume — 130 contracts
  • 2025-05-14: Largest IV drop — 66.5% change
  • 2025-05-13: Highest IV Rank — 100.0%
  • 2025-05-07: Largest Expected Move — 74.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.97$5.84$8.32$8.08$6.16
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV227.7%139.6%472.8%236.6%196.6%
Expected Move51.7%36.7%74.8%67.8%56.4%
HV 20d80.9%41.8%98.6%63.4%97.5%
HV 60d85.8%80.1%89.9%80.8%86.8%
IV Rank43.4%21.7%100.0%46.5%35.1%
IV Percentile73.5%44.0%100.0%86.1%71.0%
Term Structure6.5%-315.8%320.7%94.8%-64.2%
VWIV191.9%151.6%249.1%249.1%201.4%
Bid-Ask Spread %83.487.16135.7283.5883.90
Gamma HHI1.001.001.001.001.00
Net GEX00000
Net DEX16.9K50430.5K29.6K5.0K
Net VEX-6-7-5-5-6
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.240.003.330.000.00
Total Volume16.61901301428
Total OI767.19655936655781

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$8.08$20.00236.6%67.8%63.4%46.5%249.1%0.0%94.8%029.6K-50.0083.58N/AN/A14061837
2025-05-02$8.16$20.00207.2%59.4%62.8%39.3%0.0%0.0%192.2%029.9K-50.0084.28N/AN/A0062537
2025-05-05$8.08$20.00209.1%51.8%62.8%39.8%216.8%0.0%-121.8%029.6K-50.0089.02N/AN/A10062537
2025-05-06$8.24$20.00246.7%49.9%51.8%49.0%0.0%0.0%-146.3%030.2K-50.00103.92N/AN/A11063437
2025-05-07$8.32$20.00217.6%74.8%41.8%41.9%0.0%0.0%-315.8%030.5K-50.00105.49N/AN/A1064137
2025-05-08$6.80$20.00277.3%0.0%83.5%56.5%0.0%0.0%0.0%024.9K-50.00135.72N/AN/A25064137
2025-05-09$7.04$20.00391.5%36.7%84.5%84.6%0.0%0.0%-40.8%025.8K-60.0082.30N/AN/A130066637
2025-05-12$6.96$20.00424.7%45.5%84.6%92.7%151.6%0.0%-54.8%025.5K-70.0084.14N/AN/A20079737
2025-05-13$6.88$20.00472.8%45.8%84.6%100.0%155.1%0.0%-56.8%025.2K-70.0084.14N/AN/A46081637
2025-05-14$6.64$20.00158.5%45.4%84.7%26.2%0.0%0.0%-60.1%024.3K-70.0083.54N/AN/A1086337
2025-05-15$7.12$20.00139.6%40.0%86.3%21.7%0.0%0.0%320.7%026.1K-70.0184.85N/AN/A43186337
2025-05-16$7.12$20.00141.5%40.6%85.4%22.2%0.0%0.0%272.2%026.5K-70.0083.43N/AN/A2089937
2025-05-19$6.72$20.00155.3%44.5%87.9%25.4%0.0%0.0%317.7%0504-60.0083.51N/AN/A207671
2025-05-20$6.80$20.00159.1%45.6%87.9%26.3%177.4%0.0%-38.9%0510-60.0553.97N/AN/A507691
2025-05-21$6.48$20.00171.3%49.1%88.2%29.2%0.0%0.0%0.0%0648-60.0084.21N/AN/A007711
2025-05-22$6.08$20.00183.2%52.5%89.2%32.0%0.0%0.0%-19.4%0608-60.0085.20N/AN/A067711
2025-05-23$5.92$20.00183.4%52.6%88.5%32.0%201.4%0.0%-21.4%04.2K-61.0083.05N/AN/A007717
2025-05-27$5.84$20.00217.0%62.2%87.6%39.9%0.0%0.0%-71.6%04.0K-63.337.16N/AN/A017717
2025-05-28$6.56$20.00178.7%51.2%98.6%30.9%0.0%0.0%-29.2%05.3K-60.0083.65N/AN/A307718
2025-05-29$6.32$20.00213.9%61.3%98.1%39.2%0.0%0.0%-32.5%05.1K-60.0084.13N/AN/A007738
2025-05-30$6.16$20.00196.6%56.4%97.5%35.1%0.0%0.0%-64.2%05.0K-60.0083.90N/AN/A2807738