NDLS Options History — March 2026

Name: NDLS Options Analytics - March 2026
Creator: Options Analysis Suite

In March 2026, NDLS traded between $5.50 and $9.34. ATM implied volatility averaged 112.3%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 30.3%. IV traded below realized volatility by 5.9% (HV 20d: 118.2%). Max pain ranged from $1.00 to $2.50. Net GEX was positive for 5 of 22 trading days. Term structure was in contango for 10 of 22 days.

Notable Days

2026-03-20: Largest IV spike — 128.1% change
2026-03-12: Highest IV Rank — 28.1%
2026-03-11: Largest Expected Move — 54.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.69	$5.50	$9.34	$5.63	$8.87
Max Pain	$1.82	$1.00	$2.50	$1.00	$2.50
ATM IV	112.3%	31.2%	195.4%	171.2%	31.2%
Expected Move	30.3%	8.9%	54.3%	49.1%	8.9%
HV 20d	118.2%	95.1%	148.8%	111.1%	146.9%
HV 60d	102.5%	94.0%	116.1%	102.9%	116.1%
IV Rank	13.2%	0.0%	28.1%	22.0%	0.0%
IV Percentile	12.0%	0.0%	38.1%	22.6%	0.0%
Term Structure	-36.6%	-109.7%	67.2%	-106.8%	67.2%
Skew 25d	-7.3%	-68.7%	25.2%	10.5%	-68.7%
Skew 10d	6.8%	-68.7%	56.2%	33.9%	-68.7%
Call IV 25d	115.2%	65.5%	243.9%	87.0%	243.9%
Put IV 25d	107.9%	70.5%	175.2%	97.5%	175.2%
Bid-Ask Spread %	9.06	1.26	14.89	11.26	6.85
Gamma HHI	0.50	0.27	0.88	0.88	0.69
Net GEX	117	-58	935	712	-8
Net DEX	-891.5K	-1.2M	-700.3K	-736.8K	-1.2M
Net VEX	-75	-373	-7	-356	-7
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
Total Volume	0	0	0	0	0
Total OI	1,622.545	1,558	1,655	1,634	1,559

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call OI	Put OI
2026-03-02	$5.63	$1.00	171.2%	49.1%	111.1%	22.0%	0.0%	10.5%	-106.8%	712	-736.8K	-356	11.26	N/A	N/A	1,373	261
2026-03-03	$6.22	$1.00	172.6%	49.5%	116.4%	22.4%	0.0%	25.2%	-104.6%	599	-822.6K	-290	13.25	N/A	N/A	1,373	282
2026-03-04	$6.71	$1.00	174.1%	49.9%	118.0%	22.8%	0.0%	0.7%	-81.4%	-18	-919.6K	-21	1.26	N/A	N/A	1,373	282
2026-03-05	$6.54	$1.00	128.3%	36.8%	118.4%	11.4%	0.0%	17.9%	-81.3%	-47	-896.3K	-20	1.33	N/A	N/A	1,373	282
2026-03-06	$5.79	$1.00	172.4%	49.4%	113.8%	22.3%	0.0%	8.2%	-94.8%	853	-767.4K	-233	14.89	N/A	N/A	1,373	282
2026-03-09	$5.50	$1.00	171.9%	49.3%	116.0%	22.2%	0.0%	7.9%	-90.8%	935	-700.3K	-373	13.64	N/A	N/A	1,371	282
2026-03-10	$6.07	$1.00	181.8%	52.1%	119.6%	24.7%	0.0%	13.6%	-84.5%	-58	-830.4K	-24	1.54	N/A	N/A	1,371	282
2026-03-11	$6.48	$1.00	189.6%	54.3%	117.6%	26.6%	0.0%	-1.3%	-96.7%	-43	-886.7K	-20	1.36	N/A	N/A	1,371	282
2026-03-12	$6.53	$1.00	195.4%	0.0%	113.8%	28.1%	0.0%	16.3%	-92.7%	-46	-893.5K	-22	1.34	N/A	N/A	1,371	282
2026-03-13	$6.53	$1.00	162.7%	0.0%	114.1%	19.9%	0.0%	-5.4%	-109.7%	-44	-893.6K	-22	1.34	N/A	N/A	1,371	282
2026-03-16	$6.62	$2.50	40.2%	11.5%	113.8%	0.0%	0.0%	14.4%	7.9%	-46	-905.8K	-23	13.01	N/A	N/A	1,371	282
2026-03-17	$6.17	$2.50	39.6%	11.4%	117.8%	0.0%	0.0%	-10.4%	25.2%	-35	-843.3K	-36	14.69	N/A	N/A	1,371	282
2026-03-18	$6.48	$2.50	40.0%	11.5%	116.9%	0.1%	0.0%	-17.6%	6.0%	-43	-886.7K	-22	14.20	N/A	N/A	1,371	282
2026-03-19	$6.63	$2.50	40.2%	11.5%	114.5%	0.1%	0.0%	13.4%	2.4%	-47	-907.4K	-20	12.16	N/A	N/A	1,371	282
2026-03-20	$6.30	$2.50	91.7%	26.3%	117.6%	11.7%	0.0%	-17.8%	8.9%	-46	-862.0K	-22	14.02	N/A	N/A	1,371	282
2026-03-23	$6.40	$2.50	96.1%	27.6%	95.1%	12.7%	0.0%	-21.8%	5.4%	-43	-827.9K	-18	14.62	N/A	N/A	1,296	262
2026-03-24	$6.04	$2.50	97.7%	28.0%	96.3%	13.1%	0.0%	-26.8%	18.6%	-39	-780.3K	-34	14.83	N/A	N/A	1,296	262
2026-03-25	$5.80	$2.50	117.0%	33.5%	97.9%	17.4%	0.0%	-1.4%	-6.3%	-54	-750.1K	-34	11.83	N/A	N/A	1,298	262
2026-03-26	$7.46	$2.50	92.2%	26.4%	127.6%	11.8%	0.0%	4.9%	-34.2%	109	-963.4K	-49	9.44	N/A	N/A	1,297	262
2026-03-27	$9.34	$2.50	31.6%	9.1%	147.6%	0.0%	0.0%	-55.3%	5.0%	-7	-1.2M	-7	5.34	N/A	N/A	1,297	262
2026-03-30	$9.08	$2.50	32.5%	9.3%	148.8%	0.2%	0.0%	-67.0%	30.9%	-8	-1.2M	-7	7.15	N/A	N/A	1,297	262
2026-03-31	$8.87	$2.50	31.2%	8.9%	146.9%	0.0%	0.0%	-68.7%	67.2%	-8	-1.2M	-7	6.85	N/A	N/A	1,297	262