NDLS Options History — October 2025

In October 2025, NDLS traded between $4.88 and $7.76. ATM implied volatility averaged 278.5%, placing in the 50.0% IV rank vs the trailing year. The 30-day expected move averaged 67.1%. IV traded above realized volatility by 196.6% (HV 20d: 81.9%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 2 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 1.22.

Notable Days

  • 2025-10-22: Highest Volume — 2,135 contracts
  • 2025-10-22: Largest IV spike — 125.2% change
  • 2025-10-10: Highest IV Rank — 94.7%
  • 2025-10-22: Largest Expected Move — 116.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.50$4.88$7.76$5.04$5.12
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV278.5%154.2%452.3%266.4%233.9%
Expected Move67.1%44.2%116.3%76.4%67.1%
HV 20d81.9%37.3%163.8%37.8%163.8%
HV 60d100.1%86.6%123.3%90.1%123.3%
IV Rank50.0%18.0%94.7%46.9%38.5%
IV Percentile74.3%22.2%99.2%86.5%68.7%
Term Structure-5.0%-142.9%224.7%-108.7%48.4%
VWIV318.5%206.5%380.1%380.1%262.5%
Bid-Ask Spread %66.0819.65114.8482.3525.02
Gamma HHI0.960.771.001.001.00
Net GEX5501.3K00
Net DEX122.2K6.9K177.3K114.8K127.4K
Net VEX-32-522-7-7-14
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.0021.000.000.00
Total Volume134.60902,13509
Total OI1,144.7398411,8698411,786

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$5.04$20.00266.4%76.4%37.8%46.9%0.0%0.0%-108.7%0114.8K-70.0082.35N/AN/A00613228
2025-10-02$5.04$20.00275.0%78.8%37.3%49.1%0.0%0.0%-115.5%0114.8K-70.0082.35N/AN/A10614228
2025-10-03$5.20$20.00315.5%90.4%39.0%59.5%0.0%0.0%-120.3%0118.5K-70.0089.24N/AN/A80614228
2025-10-06$5.12$20.00353.4%45.9%39.0%69.3%0.0%0.0%224.7%0116.7K-70.4086.22N/AN/A10622228
2025-10-07$4.88$20.00338.8%49.8%41.8%65.5%0.0%0.0%91.7%0111.2K-721.0083.59N/AN/A03623228
2025-10-08$5.12$20.00390.1%46.9%45.6%78.7%0.0%0.0%-43.6%0118.0K-70.0084.91N/AN/A200623231
2025-10-09$5.12$20.00413.4%47.4%45.3%84.7%0.0%0.0%53.0%0118.0K-70.0086.94N/AN/A80623231
2025-10-10$5.20$20.00452.3%74.6%45.6%94.7%0.0%0.0%37.1%0119.9K-70.0093.43N/AN/A10624231
2025-10-13$5.20$20.00154.2%44.2%44.2%18.0%0.0%0.0%-33.2%0119.9K-70.00114.84N/AN/A00625231
2025-10-14$5.20$20.00273.3%78.4%44.2%48.7%0.0%0.0%-34.8%0119.9K-70.0092.96N/AN/A00625231
2025-10-15$5.28$20.00226.1%64.8%44.3%36.5%0.0%0.0%36.4%0121.7K-70.0095.64N/AN/A00625231
2025-10-16$5.12$20.00180.3%51.7%45.6%24.7%0.0%0.0%0.0%0118.0K-70.0094.59N/AN/A00625231
2025-10-17$4.96$20.00230.4%66.0%44.0%37.6%0.0%0.0%0.0%0114.3K-70.0093.84N/AN/A00625231
2025-10-20$5.28$20.00193.8%55.6%48.9%28.2%0.0%0.0%0.0%0121.7K-70.0061.35N/AN/A00621231
2025-10-21$5.36$20.00180.1%51.6%49.1%24.6%0.0%0.0%-46.7%0123.5K-70.0090.46N/AN/A00621231
2025-10-22$7.76$20.00405.5%116.3%138.4%82.7%380.1%0.0%-142.9%4177.3K-130.0024.78N/AN/A2,1269621231
2025-10-23$6.96$20.00268.2%76.9%144.9%47.3%322.0%0.0%-36.7%1.3K6.9K-5220.0319.65N/AN/A567151,596237
2025-10-24$6.40$20.00186.5%53.5%149.5%26.3%360.9%0.0%-82.2%0156.6K-150.0521.89N/AN/A9851,624245
2025-10-27$5.60$20.00205.8%59.0%157.0%31.3%0.0%0.0%92.7%0139.0K-150.0025.59N/AN/A10801,586248
2025-10-28$6.00$20.00312.8%89.7%158.6%58.8%378.8%0.0%-76.2%0148.9K-140.0022.81N/AN/A10101,554248
2025-10-29$5.76$20.00349.4%100.2%159.4%68.2%0.0%0.0%58.7%0142.9K-140.4225.79N/AN/A211,542248
2025-10-30$5.68$20.00199.5%57.2%159.5%29.6%206.5%0.0%98.9%0141.3K-140.0121.72N/AN/A1301,541249
2025-10-31$5.12$20.00233.9%67.1%163.8%38.5%262.5%0.0%48.4%0127.4K-140.0025.02N/AN/A901,537249