NBIS Options History — March 2025

In March 2025, NBIS traded between $21.16 and $30.33. ATM implied volatility averaged 97.0%. The 30-day expected move averaged 29.4%. IV traded below realized volatility by 23.6% (HV 20d: 120.6%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.57.

Notable Days

  • 2025-03-28: Highest Volume — 152,249 contracts
  • 2025-03-26: Largest IV spike — 34.0% change
  • 2025-03-10: Largest Expected Move — 35.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.71$21.16$30.33$27.67$21.16
Max Pain$30.74$30.00$35.00$35.00$30.00
ATM IV97.0%72.4%110.7%104.5%103.3%
Expected Move29.4%25.5%35.6%30.6%29.2%
HV 20d120.6%112.2%128.4%115.6%120.2%
HV 60d143.0%139.3%147.2%146.0%147.2%
Term Structure0.1%-20.7%12.8%-1.9%-0.7%
VWIV103.0%88.5%125.5%112.4%103.3%
Skew 25d1.2%-48.6%51.9%0.9%48.1%
Skew 10d-2.8%-37.9%47.0%-24.9%47.0%
Call IV 25d86.4%54.1%108.1%98.6%58.7%
Put IV 25d87.6%50.2%108.7%99.4%106.9%
Bid-Ask Spread %30.6616.1353.0240.2130.07
Gamma HHI0.070.050.320.060.09
Net GEX1.0M-6.6M4.4M1.2M-261.1K
Net DEX-35.5M-126.4M112.0M-15.6M53.8M
Net VEX-1.2M-1.4M-931.3K-1.1M-931.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.221.620.410.95
Total Volume56,000.52421,543152,24963,12251,628
Total OI396,081.667324,850453,133330,540398,094

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$27.67$35.00104.5%30.6%115.6%0.0%112.4%0.9%-1.9%1.2M-15.6M-1.1M0.4140.21N/AN/A44,75618,366233,63196,909
2025-03-04$29.77$33.00102.4%30.7%117.6%0.0%108.4%-6.5%-2.0%2.0M-68.6M-1.3M0.6031.83N/AN/A52,92031,541251,632104,565
2025-03-05$30.33$31.00105.5%30.4%117.2%0.0%107.4%-2.0%-7.4%3.1M-112.6M-1.4M0.3030.83N/AN/A22,6436,698276,854115,819
2025-03-06$27.13$31.00103.9%31.8%123.0%0.0%112.0%2.2%-6.3%731.5K-8.1M-1.2M0.6847.89N/AN/A44,27430,236283,772117,744
2025-03-07$27.73$31.00104.8%30.8%123.3%0.0%107.3%2.0%-20.7%1.2M-32.0M-1.2M0.3048.68N/AN/A33,78210,062297,876128,690
2025-03-10$26.04$30.50109.0%35.6%117.1%0.0%125.5%-30.3%-1.1%1.3M-27.9M-1.2M0.4153.02N/AN/A38,60815,768266,215114,938
2025-03-11$25.30$30.00110.7%34.6%112.2%0.0%121.9%-0.7%-3.0%1.1M-11.7M-1.2M0.3447.01N/AN/A23,5968,127280,684121,380
2025-03-12$28.25$30.00103.7%31.7%121.4%0.0%109.3%51.9%-0.3%3.3M-103.9M-1.3M0.3337.33N/AN/A29,7859,912291,198122,786
2025-03-13$26.06$30.00103.5%31.7%123.0%0.0%111.5%-48.6%-1.4%1.6M-32.7M-1.2M0.7146.57N/AN/A21,84915,569298,571125,182
2025-03-14$28.69$30.0096.4%28.3%128.4%0.0%98.8%-9.1%1.3%4.4M-126.4M-1.4M0.4546.91N/AN/A30,64813,903305,623138,627
2025-03-17$28.48$30.0095.0%28.5%123.3%0.0%98.3%3.7%0.3%2.7M-95.2M-1.3M0.3316.48N/AN/A16,6365,564277,635121,245
2025-03-18$26.01$30.0094.5%28.6%120.0%0.0%99.7%2.1%12.8%1.1M-21.5M-1.2M0.3618.61N/AN/A15,8345,709282,837124,157
2025-03-19$27.77$30.0086.8%27.0%124.0%0.0%93.0%3.1%2.9%2.1M-67.8M-1.3M0.5617.28N/AN/A22,18812,330286,085126,562
2025-03-20$26.08$30.0087.9%26.4%123.1%0.0%91.8%3.5%1.4%2.6K-6.0M-1.2M0.4717.59N/AN/A20,2909,550292,413131,807
2025-03-21$26.50$30.0086.0%26.2%114.7%0.0%90.0%4.3%4.2%427.2K-30.7M-1.2M0.2216.81N/AN/A22,0284,786294,021130,071
2025-03-24$28.95$30.0078.3%25.7%118.4%0.0%90.0%15.4%12.2%2.0M-111.3M-1.3M0.3316.13N/AN/A47,98215,795212,781112,069
2025-03-25$27.09$31.0072.4%25.5%118.7%0.0%88.5%-6.7%3.9%1.5M-57.4M-1.2M0.5320.28N/AN/A28,95215,294225,377111,252
2025-03-26$24.36$32.0097.0%27.8%122.5%0.0%94.9%-9.4%4.6%-71.4K21.1M-1.1M1.5919.44N/AN/A48,60877,131233,440118,421
2025-03-27$25.31$31.0092.8%27.9%121.2%0.0%98.4%-3.9%3.6%-1.1M-2.9M-1.2M0.5818.46N/AN/A63,61636,798254,707158,912
2025-03-28$22.21$30.0099.8%28.9%128.3%0.0%100.1%5.5%0.3%-6.6M112.0M-989.2K1.6222.51N/AN/A58,18494,065286,195166,938
2025-03-31$21.16$30.00103.3%29.2%120.2%0.0%103.3%48.1%-0.7%-261.1K53.8M-931.3K0.9530.07N/AN/A26,53125,097264,587133,507