NVTS Options History — May 2022

In May 2022, NVTS traded between $5.59 and $7.96. ATM implied volatility averaged 101.5%, placing in the 16.3% IV rank vs the trailing year. The 30-day expected move averaged 27.4%. IV traded below realized volatility by 2.3% (HV 20d: 103.8%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.91.

Notable Days

  • 2022-05-04: Highest Volume — 3,357 contracts
  • 2022-05-09: Largest IV spike — 32.7% change
  • 2022-05-31: Highest IV Rank — 22.3%
  • 2022-05-12: Largest Expected Move — 34.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.91$5.59$7.96$7.12$7.92
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV101.5%83.6%152.6%109.4%91.0%
Expected Move27.4%24.0%34.4%31.4%26.1%
HV 20d103.8%61.1%124.7%66.9%123.8%
HV 60d93.1%85.3%97.1%88.5%95.3%
IV Rank16.3%12.9%22.3%18.1%22.3%
IV Percentile32.8%21.3%54.1%37.3%54.1%
Term Structure-7.9%-22.3%7.5%-19.4%-6.0%
VWIV94.4%58.1%155.7%101.1%81.3%
Skew 25d16.8%2.5%42.4%42.4%2.5%
Skew 10d35.1%-17.1%69.2%69.2%3.2%
Call IV 25d90.8%67.0%109.9%84.6%85.7%
Put IV 25d107.6%81.4%135.6%127.0%88.2%
Bid-Ask Spread %61.1712.3077.9365.1573.48
Gamma HHI0.240.210.290.230.25
Net GEX11.7K5.1K20.3K10.3K18.6K
Net DEX31.9K-1.1M745.8K197.9K-794.9K
Net VEX-17.4K-21.8K-12.6K-17.9K-20.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.910.313.410.670.49
Total Volume1,8507863,3573,2832,493
Total OI16,029.8114,72817,07115,60715,622

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-05-02$7.12$10.00109.4%31.4%66.9%0.0%101.1%42.4%-19.4%10.3K197.9K-17.9K0.6765.151,9611,32211,4174,190
2022-05-03$7.33$10.00107.3%30.8%61.1%0.0%72.9%16.3%-16.8%11.5K150.8K-18.5K0.6649.712,0151,32211,4044,190
2022-05-04$7.73$10.00101.5%29.1%62.4%0.0%126.3%19.7%-9.5%13.3K-246.6K-20.1K0.6252.102,0721,28511,4064,189
2022-05-05$7.17$10.00113.3%25.8%62.9%0.0%58.1%8.0%-5.5%10.1K277.3K-17.6K1.2074.941,0741,28611,4264,187
2022-05-06$6.93$10.00115.0%25.9%63.2%0.0%75.8%7.4%-3.6%8.5K311.3K-16.8K0.9573.621,3671,29511,4384,189
2022-05-09$5.61$10.00152.6%33.1%94.8%0.0%100.4%27.5%-18.4%5.1K745.8K-12.6K3.4172.314781,63211,5764,189
2022-05-10$5.96$10.00151.2%31.7%99.1%0.0%94.7%3.1%-15.3%5.9K617.6K-13.7K1.7177.938351,43111,7544,173
2022-05-11$5.59$10.00112.9%32.4%100.5%0.0%101.8%25.6%-22.3%6.1K622.8K-13.7K1.6574.726811,12712,2794,171
2022-05-12$5.74$10.00119.8%34.4%100.4%0.0%155.7%28.0%-20.1%6.7K499.6K-14.4K1.4071.019721,36212,2964,217
2022-05-13$6.70$10.0091.3%26.2%117.3%0.0%95.7%7.1%-1.4%9.9K207.3K-16.9K0.4070.5995237612,6314,330
2022-05-16$6.47$10.0093.9%26.9%117.7%0.0%99.7%4.3%-6.7%9.5K334.0K-16.4K0.4868.0874335512,6834,307
2022-05-17$7.01$10.0085.9%24.6%121.5%0.0%92.4%17.2%2.2%10.0K81.0K-17.7K0.4674.8876835212,6754,315
2022-05-18$6.94$10.0087.5%25.1%121.0%0.0%94.0%12.2%-0.5%11.5K169.5K-17.5K0.4669.0180036712,7364,311
2022-05-19$7.50$10.0087.7%25.2%122.8%18.1%86.2%19.4%7.5%12.2K-228.6K-19.6K0.8272.3453944112,7634,298
2022-05-20$7.06$10.0083.6%24.0%124.7%12.9%86.4%7.6%-0.6%13.1K174.1K-17.5K0.8973.5553647612,8154,256
2022-05-23$7.11$10.0084.1%24.1%124.4%13.6%84.3%32.7%-6.6%12.8K-285.2K-17.6K0.5163.9067934311,4173,311
2022-05-24$6.80$10.0087.7%25.1%123.0%18.1%88.5%19.6%4.4%14.8K-61.1K-16.9K0.7219.3247534311,7203,330
2022-05-25$7.00$10.0086.6%24.8%123.0%16.7%87.1%30.3%-8.3%14.9K-353.6K-17.7K0.7738.8844334311,8253,330
2022-05-26$7.52$10.0085.1%24.4%124.4%14.8%87.1%16.6%-0.0%19.8K-660.7K-20.5K0.3112.301,13235112,2783,330
2022-05-27$7.96$10.0084.5%24.2%124.3%14.0%112.4%5.4%-19.4%20.3K-1.1M-21.8K0.6136.821,26176512,3233,329
2022-05-31$7.92$10.0091.0%26.1%123.8%22.3%81.3%2.5%-6.0%18.6K-794.9K-20.3K0.4973.481,67881512,1233,499