NBIS Options History — February 2025

In February 2025, NBIS traded between $31.93 and $47.76. ATM implied volatility averaged 112.3%. The 30-day expected move averaged 32.0%. IV traded below realized volatility by 67.4% (HV 20d: 179.7%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.33.

Notable Days

  • 2025-02-14: Highest Volume — 207,654 contracts
  • 2025-02-07: Largest IV spike — 14.1% change
  • 2025-02-19: Largest Expected Move — 36.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.48$31.93$47.76$33.67$31.93
Max Pain$30.26$25.00$35.00$28.00$35.00
ATM IV112.3%100.0%127.0%106.8%104.1%
Expected Move32.0%27.5%36.4%32.1%29.2%
HV 20d179.7%99.9%209.5%195.5%104.0%
HV 60d145.9%141.8%152.0%152.0%146.4%
Term Structure-4.2%-18.3%7.9%-0.3%-11.8%
VWIV113.3%97.1%130.0%112.7%104.1%
Skew 25d0.7%-12.7%38.5%2.3%11.8%
Skew 10d-18.4%-66.5%45.3%-3.4%-54.2%
Call IV 25d111.9%73.8%133.8%106.5%90.4%
Put IV 25d112.6%98.1%126.3%108.8%102.2%
Bid-Ask Spread %22.1214.0338.3219.6738.32
Gamma HHI0.090.060.160.080.16
Net GEX5.5M-2.1M10.0M4.3M-2.1M
Net DEX-384.8M-767.6M-55.8M-239.0M-55.8M
Net VEX-1.3M-1.5M-1.0M-1.0M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.330.130.690.440.69
Total Volume82,565.42119,488207,65424,56864,427
Total OI328,866.211254,738443,541254,738402,030

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$33.67$28.00106.8%32.1%195.5%0.0%112.7%2.3%-0.3%4.3M-239.0M-1.0M0.4419.67N/AN/A17,0217,547182,03972,699
2025-02-04$34.71$28.00101.3%31.8%195.5%0.0%113.0%0.9%-2.9%4.7M-269.3M-1.1M0.3120.34N/AN/A14,8834,605186,09077,893
2025-02-05$34.09$29.00100.0%30.1%195.7%0.0%105.8%2.5%-0.6%4.9M-246.9M-1.0M0.2621.58N/AN/A15,8644,065189,43180,086
2025-02-06$34.48$25.00101.6%27.5%195.7%0.0%97.1%2.8%-4.0%5.8M-268.3M-1.0M0.1322.04N/AN/A30,9203,882195,33880,624
2025-02-07$38.14$25.00115.9%32.6%198.4%0.0%113.3%-10.6%-11.7%6.0M-417.3M-1.2M0.1419.22N/AN/A93,36912,968200,82282,821
2025-02-10$40.94$25.00119.2%33.3%198.6%0.0%115.1%-7.0%2.6%7.3M-514.1M-1.3M0.2823.61N/AN/A43,20512,026211,80674,056
2025-02-11$41.49$28.00120.6%33.1%196.9%0.0%115.7%2.1%-4.4%7.5M-542.5M-1.3M0.2320.72N/AN/A30,5257,089220,21481,840
2025-02-12$39.52$28.00116.6%32.6%197.8%0.0%114.1%-4.0%-3.0%7.4M-462.2M-1.3M0.2717.20N/AN/A23,8726,452224,40286,597
2025-02-13$40.93$29.00119.3%31.8%198.1%0.0%110.8%22.9%-17.6%9.1M-533.9M-1.4M0.1722.46N/AN/A30,2975,278234,40789,879
2025-02-14$44.31$29.00125.1%34.8%199.8%0.0%123.2%-0.8%-1.4%10.0M-693.8M-1.4M0.1422.75N/AN/A182,08625,568236,93591,259
2025-02-18$47.76$30.00123.1%35.0%200.6%0.0%124.0%-5.2%-5.0%8.3M-767.6M-1.5M0.2225.53N/AN/A114,13924,798241,86384,264
2025-02-19$44.91$30.00127.0%36.4%202.1%0.0%130.0%-7.0%-2.7%7.5M-623.4M-1.5M0.4618.63N/AN/A82,46838,131250,76198,937
2025-02-20$46.27$32.00116.8%33.7%201.6%0.0%120.7%-12.7%-3.9%9.7M-700.3M-1.5M0.2521.55N/AN/A155,54939,233279,553122,391
2025-02-21$39.69$34.00111.8%32.1%209.5%0.0%116.7%-9.3%1.0%3.4M-362.0M-1.5M0.3816.53N/AN/A132,44049,689307,864135,677
2025-02-24$36.55$35.00106.3%30.7%208.9%0.0%111.2%-3.9%7.9%3.1M-208.7M-1.5M0.4514.03N/AN/A73,09632,798229,18384,160
2025-02-25$34.41$35.00107.8%30.2%110.7%0.0%108.7%38.5%-5.5%2.6M-155.1M-1.4M0.4620.20N/AN/A46,58821,475251,28495,516
2025-02-26$35.16$35.00109.1%30.3%99.9%0.0%108.3%-9.4%0.9%3.4M-193.4M-1.5M0.5223.84N/AN/A38,33419,767265,775109,443
2025-02-27$32.19$35.00101.6%30.0%105.6%0.0%107.9%-0.9%-18.3%608.5K-57.4M-1.4M0.4132.03N/AN/A45,64318,646271,626118,893
2025-02-28$31.93$35.00104.1%29.2%104.0%0.0%104.1%11.8%-11.8%-2.1M-55.8M-1.4M0.6938.32N/AN/A38,13926,288281,229120,801