NBIS Options History — January 2025

In January 2025, NBIS traded between $25.86 and $42.09. ATM implied volatility averaged 100.8%. The 30-day expected move averaged 29.6%. IV traded below realized volatility by 8.8% (HV 20d: 109.5%). Max pain ranged from $25.00 to $30.00. 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

  • 2025-01-27: Highest Volume — 185,264 contracts
  • 2025-01-27: Largest IV spike — 39.7% change
  • 2025-01-27: Largest Expected Move — 40.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.90$25.86$42.09$30.28$32.12
Max Pain$26.48$25.00$30.00$25.50$28.00
ATM IV100.8%87.9%135.3%93.6%108.4%
Expected Move29.6%24.7%40.5%25.1%31.4%
HV 20d109.5%58.4%197.2%111.2%197.1%
HV 60d155.8%153.4%158.2%158.2%153.4%
Term Structure1.1%-6.2%9.4%0.6%0.2%
VWIV103.5%88.4%141.4%90.0%112.0%
Skew 25d-0.7%-14.6%3.5%-14.6%3.5%
Skew 10d-14.7%-52.8%36.5%-27.8%3.3%
Call IV 25d102.0%88.3%132.5%101.3%110.0%
Put IV 25d101.2%86.7%134.5%86.7%113.5%
Bid-Ask Spread %26.1616.5755.2955.2921.58
Gamma HHI0.110.050.150.120.10
Net GEX4.6M1.1M6.3M4.1M5.8M
Net DEX-215.7M-359.2M-28.7M-152.5M-214.8M
Net VEX-764.2K-1.0M-586.8K-611.7K-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.250.130.450.230.27
Total Volume44,743.8514,522185,26425,81338,722
Total OI207,428.3159,014303,580178,015303,580

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$30.28$25.5093.6%25.1%111.2%0.0%90.0%-14.6%0.6%4.1M-152.5M-611.7K0.2355.29N/AN/A20,9614,852137,27840,737
2025-01-03$31.11$26.0093.4%24.7%105.4%0.0%88.4%-0.2%-3.9%4.9M-179.9M-630.8K0.4548.22N/AN/A10,6874,763143,30542,179
2025-01-06$31.08$25.0087.9%28.6%104.5%0.0%98.5%2.0%5.1%4.5M-162.9M-607.8K0.1425.05N/AN/A27,0203,829135,60743,015
2025-01-07$31.55$25.0092.2%27.9%90.6%0.0%98.3%-9.6%5.6%4.1M-163.4M-622.5K0.1525.94N/AN/A30,1504,460131,91545,156
2025-01-08$30.97$25.0089.1%28.3%80.0%0.0%97.4%1.7%9.4%4.2M-146.0M-624.4K0.3523.15N/AN/A10,7623,760137,47346,846
2025-01-10$33.09$25.0096.9%29.4%81.0%0.0%103.3%0.4%4.2%4.7M-207.3M-650.5K0.1925.89N/AN/A43,7338,264137,86847,536
2025-01-13$35.84$25.00101.9%30.7%85.7%0.0%104.9%2.3%7.9%5.5M-287.2M-738.6K0.2021.26N/AN/A27,7565,681146,20047,497
2025-01-14$36.47$25.0097.2%29.4%83.8%0.0%102.9%1.7%8.4%5.9M-313.6M-761.5K0.1327.72N/AN/A32,8364,273151,61350,310
2025-01-15$37.03$25.0099.3%28.6%83.7%0.0%99.7%0.1%1.2%6.1M-319.9M-755.2K0.1629.33N/AN/A43,4666,800151,39852,593
2025-01-16$37.27$25.0094.5%27.1%81.6%0.0%94.3%-5.1%-0.7%6.3M-312.9M-763.0K0.2729.93N/AN/A20,6365,662150,92355,612
2025-01-17$36.09$26.0091.5%26.2%66.1%0.0%92.1%-1.4%0.3%5.0M-251.4M-753.9K0.3023.68N/AN/A19,7995,842147,19659,840
2025-01-21$37.45$26.0094.7%27.1%58.4%0.0%95.2%0.1%-1.2%4.3M-222.8M-765.3K0.2220.63N/AN/A12,7102,836119,88639,128
2025-01-22$39.44$26.0099.2%28.4%59.7%0.0%99.6%0.1%-3.6%4.7M-270.7M-791.1K0.2227.24N/AN/A46,34910,135122,54840,322
2025-01-23$38.59$28.0095.2%27.4%58.9%0.0%96.1%-0.3%-3.1%5.2M-254.8M-854.2K0.2318.05N/AN/A20,0024,575138,37746,180
2025-01-24$42.09$30.0096.8%27.6%62.1%0.0%96.5%-0.9%6.3%6.1M-359.2M-888.3K0.1523.53N/AN/A58,4488,520140,26247,412
2025-01-27$25.86$30.00135.3%40.5%190.2%0.0%141.4%2.0%-6.2%1.1M-28.7M-586.8K0.4416.95N/AN/A128,95156,313143,66246,780
2025-01-28$29.82$28.00118.3%34.9%197.1%0.0%122.7%3.5%-1.3%2.3M-124.1M-908.4K0.2416.57N/AN/A63,98315,588186,87185,296
2025-01-29$30.09$28.00117.3%34.5%196.5%0.0%119.4%-1.9%-5.5%2.9M-143.7M-958.8K0.4522.47N/AN/A20,7909,286200,32490,340
2025-01-30$31.74$28.00112.8%33.0%197.2%0.0%117.0%1.7%-1.0%4.7M-199.2M-996.8K0.1520.67N/AN/A44,9256,752205,61389,888
2025-01-31$32.12$28.00108.4%31.4%197.1%0.0%112.0%3.5%0.2%5.8M-214.8M-1.0M0.2721.58N/AN/A30,5818,141213,19790,383