NBIS Options History — August 2025

In August 2025, NBIS traded between $51.81 and $74.64. ATM implied volatility averaged 75.9%, placing in the 9.1% IV rank vs the trailing year. The 30-day expected move averaged 21.8%. IV traded below realized volatility by 10.5% (HV 20d: 86.3%). Max pain ranged from $40.00 to $60.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.57.

Notable Days

  • 2025-08-07: Highest Volume — 341,720 contracts
  • 2025-08-07: Largest IV drop — 10.6% change
  • 2025-08-06: Highest IV Rank — 21.6%
  • 2025-08-01: Largest Expected Move — 27.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$66.61$51.81$74.64$51.81$68.48
Max Pain$53.14$40.00$60.00$40.00$60.00
ATM IV75.9%69.7%84.0%83.3%69.7%
Expected Move21.8%19.7%27.8%27.8%19.7%
HV 20d86.3%75.3%99.4%77.0%86.1%
HV 60d85.7%83.2%87.2%84.8%85.7%
IV Rank9.1%0.0%21.6%20.4%0.0%
IV Percentile4.2%0.0%13.1%7.5%0.0%
Term Structure0.4%-3.2%7.0%-3.2%0.4%
VWIV76.8%69.0%97.8%97.8%69.2%
Skew 25d-1.1%-4.4%0.8%-2.1%0.2%
Skew 10d0.0%-25.7%30.8%-3.4%1.1%
Call IV 25d77.5%69.9%90.1%90.1%70.2%
Put IV 25d76.4%70.4%87.9%87.9%70.4%
Bid-Ask Spread %35.6318.6751.5939.0339.40
Gamma HHI0.130.070.400.090.40
Net GEX17.4M7.5M31.6M9.5M31.6M
Net DEX-1.20B-1.84B-670.7M-670.7M-950.8M
Net VEX-3.9M-4.1M-3.5M-3.6M-3.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.271.320.600.82
Total Volume100,481.09529,707341,720126,592139,449
Total OI536,175.952461,286645,452558,231518,783

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$51.81$40.0083.3%27.8%77.0%20.4%97.8%-2.1%-3.2%9.5M-670.7M-3.6M0.6039.03N/AN/A79,00947,583348,227210,004
2025-08-04$54.30$48.0082.0%22.8%75.8%18.6%81.0%-1.9%-1.1%11.4M-835.9M-3.6M0.2918.67N/AN/A26,1947,513333,183201,229
2025-08-05$55.28$48.0081.9%23.3%75.7%18.3%81.8%-2.7%3.4%13.2M-916.8M-3.6M0.3819.13N/AN/A41,41815,759342,098204,670
2025-08-06$54.40$48.0084.0%23.7%75.3%21.6%84.2%-3.4%-0.4%12.9M-874.5M-3.7M0.7629.19N/AN/A70,36553,126354,598205,208
2025-08-07$65.87$48.0075.1%21.3%99.4%7.9%75.1%-2.3%-0.8%22.4M-1.77B-3.5M0.5233.41N/AN/A224,728116,992369,229216,053
2025-08-08$69.00$49.0072.3%20.8%96.8%3.7%73.2%-1.1%-1.4%24.9M-1.68B-3.6M0.3327.34N/AN/A88,34929,135361,829212,902
2025-08-11$70.28$50.0073.9%21.3%81.0%6.1%75.0%-4.4%0.5%18.4M-1.55B-3.6M0.6235.94N/AN/A94,24358,360322,130194,757
2025-08-12$74.64$50.0074.9%21.4%82.3%7.6%75.3%-0.1%-0.6%22.3M-1.84B-3.7M0.3551.59N/AN/A68,73924,184347,354211,640
2025-08-13$70.03$55.0075.2%21.5%86.6%8.1%76.0%-2.8%-1.0%17.4M-1.45B-3.8M0.8440.92N/AN/A81,67468,746358,975220,456
2025-08-14$68.94$55.0074.1%21.3%87.2%6.3%75.0%-1.9%0.8%10.4M-1.33B-4.0M0.8044.02N/AN/A68,87855,175378,855241,724
2025-08-15$71.63$55.0074.2%21.5%86.8%6.5%75.7%-1.3%0.7%18.1M-1.66B-4.1M0.3244.42N/AN/A51,12916,244388,766256,686
2025-08-18$72.19$55.0074.0%21.2%86.2%6.2%74.7%-1.5%0.7%14.7M-1.21B-4.0M1.3236.56N/AN/A29,34038,594280,781180,505
2025-08-19$67.88$55.0075.4%21.6%90.0%8.4%76.0%0.4%0.1%7.5M-923.8M-4.0M0.2731.87N/AN/A66,77417,936289,094185,885
2025-08-20$67.34$55.0077.5%22.2%90.4%11.7%78.3%-0.5%0.4%9.6M-916.3M-4.1M0.6729.88N/AN/A68,76746,257307,216191,637
2025-08-21$66.33$55.0076.7%22.0%90.9%10.3%77.0%0.1%-0.1%10.9M-907.2M-4.1M0.2930.80N/AN/A23,1146,593313,010196,866
2025-08-22$68.78$55.0074.1%21.0%90.8%6.4%73.2%0.8%-2.4%29.3M-1.06B-4.0M0.6840.44N/AN/A61,17741,618318,123197,731
2025-08-25$70.07$55.0074.7%21.3%90.8%7.3%74.8%-0.3%2.1%15.6M-1.13B-4.0M0.2839.41N/AN/A37,05110,546287,344190,051
2025-08-26$69.95$60.0076.2%21.5%88.6%9.6%75.2%-0.0%7.0%17.5M-1.14B-4.1M0.4238.54N/AN/A38,12216,027301,856195,921
2025-08-27$69.98$60.0073.5%21.2%88.7%5.5%75.0%0.8%0.6%19.2M-1.14B-4.1M1.0436.40N/AN/A17,73918,429306,200201,167
2025-08-28$71.72$60.0070.2%19.8%86.4%0.4%69.0%0.8%3.1%28.6M-1.27B-4.0M0.3641.21N/AN/A33,15211,875310,853206,099
2025-08-29$68.48$60.0069.7%19.7%86.1%0.0%69.2%0.2%0.4%31.6M-950.8M-3.9M0.8239.40N/AN/A76,78062,669310,145208,638