NBIS Options History — March 2026

In March 2026, NBIS traded between $87.34 and $129.92. ATM implied volatility averaged 88.4%, placing in the 39.3% IV rank vs the trailing year. The 30-day expected move averaged 25.6%. IV traded below realized volatility by 27.2% (HV 20d: 115.6%). Max pain ranged from $90.00 to $110.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.63.

Notable Days

  • 2026-03-17: Highest Volume — 238,331 contracts
  • 2026-03-31: Largest IV drop — 8.8% change
  • 2026-03-02: Highest IV Rank — 51.8%
  • 2026-03-12: Largest Expected Move — 29.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$105.70$87.34$129.92$90.15$101.84
Max Pain$100.45$90.00$110.00$90.00$110.00
ATM IV88.4%82.0%95.9%95.9%87.1%
Expected Move25.6%23.5%29.9%28.7%25.0%
HV 20d115.6%96.1%125.6%113.3%123.4%
HV 60d99.0%91.2%105.5%91.2%105.5%
IV Rank39.3%28.9%51.8%51.8%37.2%
IV Percentile43.4%19.0%69.8%67.1%40.5%
Term Structure-0.0%-6.5%3.6%-1.2%1.1%
VWIV88.9%82.5%98.5%98.4%84.9%
Skew 25d8.9%1.4%15.4%10.3%11.8%
Skew 10d17.5%9.4%31.5%20.4%20.1%
Call IV 25d84.1%79.2%92.6%91.1%79.4%
Put IV 25d92.9%85.9%101.4%101.4%91.2%
Bid-Ask Spread %15.756.5027.6918.5414.01
Gamma HHI0.060.030.100.040.04
Net GEX14.4M-10.0M35.9M2.0M2.9M
Net DEX-1.47B-3.05B-386.3M-739.1M-962.0M
Net VEX-9.4M-10.7M-8.1M-8.2M-9.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.430.880.730.59
Total Volume104,325.54542,905238,33171,481114,988
Total OI673,344.318605,132794,318605,132642,381

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$90.15$90.0095.9%28.7%113.3%51.8%98.4%10.3%-1.2%2.0M-739.1M-8.2M0.7318.54N/AN/A41,27630,205343,344261,788
2026-03-03$87.34$90.0093.7%28.0%113.2%48.2%98.5%12.9%-0.8%200.9K-624.6M-8.1M0.7222.01N/AN/A32,31723,424359,302276,406
2026-03-04$98.20$90.0091.7%26.9%120.7%44.8%95.6%7.3%-3.4%12.9M-1.23B-8.9M0.4327.69N/AN/A75,54032,365367,393283,065
2026-03-05$95.02$95.0092.2%25.9%116.6%45.7%90.7%13.5%-6.5%12.4M-1.05B-8.8M0.7713.58N/AN/A30,40623,403389,242290,453
2026-03-06$89.60$95.0091.0%26.9%112.0%43.7%92.9%1.4%2.5%-1.7M-738.6M-8.3M0.8425.91N/AN/A38,01332,106395,547294,261
2026-03-09$94.04$95.0092.0%26.2%99.6%45.3%93.5%15.4%-1.0%7.6M-967.9M-8.5M0.5014.84N/AN/A41,19220,776361,357268,166
2026-03-10$97.04$90.0091.6%26.1%96.1%44.8%90.9%12.8%0.0%15.5M-1.20B-8.6M0.5913.97N/AN/A27,00215,903375,038275,226
2026-03-11$111.31$95.0090.2%25.0%107.1%42.4%86.1%9.4%-0.7%32.9M-2.17B-9.3M0.459.76N/AN/A146,37266,060384,765279,021
2026-03-12$108.16$95.0087.2%29.9%106.6%37.4%88.2%9.9%-1.1%31.3M-1.94B-9.3M0.889.32N/AN/A34,94630,727409,793296,426
2026-03-13$112.48$95.0087.4%23.9%107.0%37.8%88.0%7.5%3.0%35.9M-2.27B-9.4M0.5311.35N/AN/A94,78050,500412,067304,291
2026-03-16$129.92$95.0087.2%25.0%114.2%37.4%88.0%5.7%-1.6%32.4M-3.05B-9.7M0.536.50N/AN/A146,62078,369372,833263,445
2026-03-17$113.94$100.0082.9%23.8%125.4%30.3%83.8%5.1%0.7%21.0M-1.88B-9.6M0.7216.55N/AN/A138,38199,950394,906293,002
2026-03-18$118.84$105.0082.0%23.5%125.6%28.9%83.5%5.5%1.6%30.3M-2.35B-10.5M0.5416.75N/AN/A96,67751,954428,944333,257
2026-03-19$120.71$105.0082.8%23.8%124.4%30.2%82.7%6.6%3.6%35.7M-2.44B-10.7M0.6317.50N/AN/A59,54337,735439,223346,530
2026-03-20$114.80$105.0085.5%24.5%121.2%34.6%86.1%7.8%-2.2%20.4M-1.90B-10.4M0.4822.08N/AN/A77,96537,497443,744350,574
2026-03-23$114.36$110.0083.0%23.8%121.2%30.6%82.5%8.6%0.5%13.8M-1.60B-10.2M0.6211.78N/AN/A46,61129,055342,661275,591
2026-03-24$115.00$110.0084.1%24.0%121.1%32.4%86.1%7.5%3.3%13.3M-1.61B-10.3M0.4616.87N/AN/A30,95014,346353,609289,490
2026-03-25$114.80$110.0083.8%23.8%120.3%31.8%84.3%8.8%1.8%13.8M-1.59B-10.3M0.4711.11N/AN/A38,49917,933361,464294,845
2026-03-26$105.95$110.0085.7%24.1%123.8%34.9%86.2%9.1%-2.6%-1.7M-1.02B-9.8M0.6715.05N/AN/A53,47335,713366,604298,829
2026-03-27$100.56$110.0091.2%25.9%112.2%44.1%88.7%10.9%0.4%-10.0M-706.9M-9.5M0.8711.61N/AN/A49,43142,915374,837308,836
2026-03-30$91.24$110.0095.5%27.4%118.0%51.1%95.9%7.3%2.1%-3.3M-386.3M-8.7M0.7119.72N/AN/A63,86145,383331,529279,490
2026-03-31$101.84$110.0087.1%25.0%123.4%37.2%84.9%11.8%1.1%2.9M-962.0M-9.5M0.5914.01N/AN/A72,12642,862346,576295,805