NDLS Options History — January 2026 In January 2026, NDLS traded between $5.44 and $6.88. ATM implied volatility averaged 232.9%, placing in the 38.2% IV rank vs the trailing year. The 30-day expected move averaged 72.4%. IV traded above realized volatility by 140.3% (HV 20d: 92.6%). Max pain ranged from $8.00 to $20.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.25.
Notable Days 2026-01-05 : Highest Volume — 94 contracts2026-01-09 : Largest IV spike — 73.9% change2026-01-23 : Highest IV Rank — 81.2%2026-01-23 : Largest Expected Move — 114.6%Monthly Statistics Metric Avg Min Max Open Close Price $6.22 $5.44 $6.88 $5.92 $5.44 Max Pain $19.40 $8.00 $20.00 $8.00 $20.00 ATM IV 232.9% 118.8% 399.6% 153.3% 207.6% Expected Move 72.4% 44.0% 114.6% 44.0% 59.5% HV 20d 92.6% 73.9% 114.8% 107.8% 78.8% HV 60d 110.9% 91.4% 126.3% 122.7% 91.4% IV Rank 38.2% 8.9% 81.2% 17.8% 31.7% IV Percentile 56.0% 5.6% 98.0% 18.7% 48.8% Term Structure 18.2% -224.8% 297.5% -1.6% -224.8% VWIV 215.8% 121.8% 408.9% 291.3% 246.7% Bid-Ask Spread % 111.48 86.84 126.57 86.84 114.94 Gamma HHI 0.66 0.49 0.82 0.71 0.54 Net GEX 435 196 691 249 196 Net DEX 45.4K -55.1K 100.8K 37.8K 58.5K Net VEX -341 -626 -153 -321 -226 Div Yield 0.0% 0.0% 0.0% 0.0% 0.0% P/C Ratio 0.25 0.00 4.00 0.00 0.00 Total Volume 17.3 0 94 2 9 Total OI 709.05 597 771 597 771
Daily Data (20 trading days) Date Price Max Pain ATM IV Exp Move HV 20d IV Rank VWIV Skew 25d Term Str GEX DEX VEX P/C Spread % Call Wall Put Wall Call Vol Put Vol Call OI Put OI 2026-01-02 $5.92 $8.00 153.3% 44.0% 107.8% 17.8% 0.0% 0.0% -1.6% 249 37.8K -321 0.00 86.84 N/A N/A 2 0 410 187 2026-01-05 $5.84 $20.00 177.2% 58.5% 107.8% 23.9% 291.3% 0.0% 77.4% 233 59.4K -254 0.00 116.85 N/A N/A 94 0 412 187 2026-01-06 $6.00 $20.00 177.1% 58.8% 105.2% 23.9% 0.0% 0.0% 106.2% 217 88.9K -153 0.00 116.93 N/A N/A 36 0 432 187 2026-01-07 $6.32 $20.00 168.6% 62.2% 107.1% 21.7% 121.8% 0.0% 7.5% 393 58.6K -371 0.00 126.57 N/A N/A 46 0 446 187 2026-01-08 $6.40 $20.00 118.8% 66.7% 105.1% 8.9% 154.8% 0.0% 26.1% 306 70.2K -280 0.00 114.49 N/A N/A 50 0 474 187 2026-01-09 $6.08 $20.00 206.4% 64.2% 105.4% 31.4% 0.0% 0.0% 297.5% 470 38.3K -417 0.00 126.15 N/A N/A 3 0 524 187 2026-01-12 $6.88 $20.00 136.2% 74.1% 114.8% 13.3% 177.2% 0.0% -3.9% 494 56.6K -407 0.00 111.21 N/A N/A 8 0 526 187 2026-01-13 $6.48 $20.00 187.8% 64.1% 102.5% 26.6% 179.0% 0.0% -24.3% 478 60.8K -356 0.00 108.22 N/A N/A 1 0 532 187 2026-01-14 $6.56 $20.00 272.2% 78.0% 101.0% 48.3% 0.0% 0.0% 66.4% 587 -39.8K -626 4.00 106.07 N/A N/A 1 3 533 187 2026-01-15 $6.72 $20.00 260.6% 74.7% 94.3% 45.4% 170.2% 0.0% 259.0% 491 67.6K -349 0.63 108.25 N/A N/A 2 1 534 190 2026-01-16 $6.88 $20.00 163.4% 46.8% 88.2% 20.3% 161.9% 0.0% 156.3% 466 100.8K -176 0.00 108.97 N/A N/A 46 0 535 191 2026-01-20 $6.40 $20.00 203.4% 58.3% 80.3% 30.6% 203.4% 0.0% -160.1% 636 2.6K -496 0.00 110.47 N/A N/A 10 0 538 191 2026-01-21 $6.40 $20.00 292.8% 83.9% 80.0% 53.7% 206.8% 0.0% 0.0% 533 32.5K -373 0.00 107.86 N/A N/A 3 0 547 191 2026-01-22 $6.32 $20.00 299.5% 85.9% 79.0% 55.4% 215.6% 0.0% 24.3% 691 3.4K -481 0.00 107.50 N/A N/A 0 0 551 191 2026-01-23 $6.32 $20.00 399.6% 114.6% 79.1% 81.2% 408.9% 0.0% 89.0% 664 -55.1K -593 0.00 117.34 N/A N/A 1 0 551 191 2026-01-26 $5.92 $20.00 332.9% 95.4% 83.5% 64.0% 261.7% 0.0% -206.8% 214 81.5K -178 0.00 107.09 N/A N/A 16 0 552 191 2026-01-27 $6.16 $20.00 300.6% 86.2% 73.9% 55.7% 190.7% 0.0% -15.9% 394 64.7K -240 0.45 114.27 N/A N/A 6 3 569 191 2026-01-28 $5.68 $20.00 257.3% 73.8% 79.1% 44.5% 204.3% 0.0% 72.5% 562 42.6K -306 0.00 106.02 N/A N/A 0 0 574 193 2026-01-29 $5.68 $20.00 342.4% 98.2% 78.9% 66.4% 258.2% 0.0% -198.8% 435 78.5K -207 0.00 113.65 N/A N/A 5 0 574 193 2026-01-30 $5.44 $20.00 207.6% 59.5% 78.8% 31.7% 246.7% 0.0% -224.8% 196 58.5K -226 0.00 114.94 N/A N/A 9 0 578 193
« Dec 2025 | All History | Feb 2026 » Home NDLS History January 2026