NDLS Options History — February 2026 In February 2026, NDLS traded between $3.92 and $5.53. ATM implied volatility averaged 254.0%, placing in the 42.5% IV rank vs the trailing year. The 30-day expected move averaged 75.1%. IV traded above realized volatility by 168.0% (HV 20d: 86.0%). Max pain ranged from $1.00 to $20.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.00.
Notable Days 2026-02-05 : Highest Volume — 11 contracts2026-02-13 : Largest IV spike — 83.3% change2026-02-02 : Highest IV Rank — 100.0%2026-02-02 : Largest Expected Move — 139.0%Monthly Statistics Metric Avg Min Max Open Close Price $4.61 $3.92 $5.53 $5.44 $5.53 Max Pain $7.28 $1.00 $20.00 $20.00 $1.00 ATM IV 254.0% 82.4% 484.8% 484.8% 168.9% Expected Move 75.1% 23.6% 139.0% 139.0% 48.4% HV 20d 86.0% 68.2% 112.0% 78.0% 112.0% HV 60d 96.4% 89.8% 105.1% 91.4% 103.7% IV Rank 42.5% 0.0% 100.0% 100.0% 21.5% IV Percentile 52.5% 0.0% 100.0% 100.0% 22.2% Term Structure -108.5% -265.4% 9.4% -239.4% -88.2% VWIV 307.4% 202.7% 484.8% 484.8% 357.0% Skew 25d -7.3% -31.0% 24.6% 24.6% -21.2% Skew 10d 12.5% -7.8% 37.9% 37.9% -7.8% Call IV 25d 80.5% 53.2% 94.8% 53.2% 93.9% Put IV 25d 73.2% 61.0% 81.3% 77.9% 72.7% Bid-Ask Spread % 78.80 9.23 145.40 126.24 11.10 Gamma HHI 0.81 0.33 1.00 0.53 0.33 Net GEX 462 0 1.7K 203 1 Net DEX -332.5K -1.9M 87.9K 60.8K -757.6K Net VEX -137 -425 0 -225 -24 Div Yield 0.0% 0.0% 0.0% 0.0% 0.0% P/C Ratio 0.00 0.00 0.04 0.00 0.04 Total Volume 1.684 0 11 10 0 Total OI 1,539.158 0 6,260 772 1,634
Daily Data (19 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 2026-02-02 $5.44 $20.00 484.8% 139.0% 78.0% 100.0% 484.8% 0.0% -239.4% 203 60.8K -225 0.00 126.24 N/A N/A 10 0 579 193 2026-02-03 $5.28 $20.00 471.0% 135.0% 78.5% 96.6% 0.0% 0.0% -114.9% 496 74.3K -187 0.00 123.81 N/A N/A 1 0 584 193 2026-02-04 $5.20 $20.00 393.1% 112.7% 77.6% 77.1% 303.6% 0.0% -108.2% 426 87.9K -65 0.00 114.41 N/A N/A 0 0 584 193 2026-02-05 $4.48 $8.00 332.9% 105.5% 89.2% 62.1% 266.6% 0.0% -203.7% 21 77.0K -47 0.00 126.12 N/A N/A 11 0 584 193 2026-02-06 $4.48 $8.00 271.3% 77.8% 88.8% 46.7% 229.5% 0.0% -166.3% 20 74.5K -44 0.00 106.46 N/A N/A 1 0 582 193 2026-02-09 $4.40 $8.00 265.7% 112.0% 87.9% 45.3% 0.0% 0.0% 0.0% 24 75.2K -50 0.00 133.27 N/A N/A 3 0 583 193 2026-02-10 $4.16 $8.00 295.8% 82.4% 71.7% 52.8% 0.0% 0.0% 0.0% 3 80.4K -7 0.00 123.83 N/A N/A 0 0 584 193 2026-02-11 $3.92 $8.00 461.9% 132.4% 71.6% 94.3% 0.0% 0.0% 0.0% 0 76.3K -6 0.00 131.55 N/A N/A 0 0 584 195 2026-02-12 $4.00 $8.00 202.7% 58.1% 72.2% 29.5% 202.7% 0.0% -127.8% 0 77.8K -6 0.00 120.02 N/A N/A 2 0 584 195 2026-02-13 $4.00 $8.00 371.4% 106.5% 70.6% 71.7% 357.0% 0.0% -265.4% 0 77.8K -6 0.04 129.68 N/A N/A 4 0 586 195 2026-02-17 $3.92 $8.00 316.8% 90.8% 68.2% 58.0% 0.0% 0.0% -238.0% 0 76.3K -6 0.00 145.40 N/A N/A 0 0 588 195 2026-02-18 $4.21 $0.00 82.4% 23.6% 74.6% 0.0% 0.0% 24.6% -17.1% 0 0 0 0.00 9.47 N/A N/A 0 0 0 0 2026-02-19 $4.04 $1.00 88.6% 25.4% 74.5% 1.5% 0.0% -2.5% 9.4% 1.7K -1.8M -425 0.00 26.02 N/A N/A 0 0 4,702 1,558 2026-02-20 $4.15 $1.00 83.9% 24.1% 76.5% 0.4% 0.0% -2.7% -26.6% 1.5K -1.9M -399 0.00 23.60 N/A N/A 0 0 4,702 1,558 2026-02-23 $5.10 $1.00 110.7% 31.7% 111.2% 7.0% 0.0% -31.0% 3.1% 1.1K -650.9K -392 0.00 10.80 N/A N/A 0 0 1,377 261 2026-02-24 $4.88 $1.00 118.7% 34.0% 110.0% 9.0% 0.0% -6.4% 1.9% 1.2K -626.5K -331 0.00 16.21 N/A N/A 0 0 1,370 261 2026-02-25 $4.95 $1.00 134.8% 38.6% 108.9% 13.0% 0.0% -17.3% -62.4% 1.2K -654.1K -220 0.00 9.23 N/A N/A 0 0 1,373 261 2026-02-26 $5.45 $1.00 170.3% 48.8% 111.9% 21.9% 0.0% -2.2% -92.2% 940 -730.7K -156 0.00 10.06 N/A N/A 0 0 1,373 261 2026-02-27 $5.53 $1.00 168.9% 48.4% 112.0% 21.5% 0.0% -21.2% -88.2% 1 -757.6K -24 0.00 11.10 N/A N/A 0 0 1,373 261
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