NVTS Options History — January 2023

In January 2023, NVTS traded between $3.58 and $5.17. ATM implied volatility averaged 84.0%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 24.0%. IV traded above realized volatility by 19.2% (HV 20d: 64.8%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.52.

Notable Days

2023-01-17: Highest Volume — 612 contracts
2023-01-10: Largest IV spike — 33.8% change
2023-01-04: Highest IV Rank — 25.4%
2023-01-04: Largest Expected Move — 29.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.42	$3.58	$5.17	$3.58	$4.96
Max Pain	$2.75	$2.50	$5.00	$5.00	$2.50
ATM IV	84.0%	67.0%	103.4%	81.3%	84.4%
Expected Move	24.0%	21.6%	29.6%	23.3%	24.2%
HV 20d	64.8%	54.7%	72.7%	62.0%	55.8%
HV 60d	76.6%	74.5%	81.0%	81.0%	75.1%
IV Rank	14.5%	5.1%	25.4%	13.0%	14.8%
IV Percentile	26.2%	3.6%	79.0%	17.5%	24.6%
Term Structure	-4.8%	-29.4%	15.8%	15.8%	-10.7%
VWIV	82.3%	75.4%	90.5%	75.5%	84.3%
Skew 25d	33.2%	-18.9%	108.7%	11.6%	35.7%
Skew 10d	40.6%	-18.9%	106.3%	11.6%	54.1%
Call IV 25d	78.9%	49.9%	129.8%	75.5%	51.7%
Put IV 25d	112.1%	76.7%	206.2%	87.1%	87.4%
Bid-Ask Spread %	28.98	8.35	78.28	10.03	52.04
Gamma HHI	0.33	0.30	0.37	0.31	0.35
Net GEX	15.1K	8.2K	22.7K	8.2K	22.5K
Net DEX	-945.6K	-1.7M	-356.2K	-356.2K	-1.5M
Net VEX	-11.2K	-13.6K	-8.1K	-8.1K	-13.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.52	0.00	3.13	0.00	0.11
Total Volume	144.05	6	612	7	49
Total OI	12,329.8	10,764	13,612	12,504	11,599

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-01-03	$3.58	$5.00	81.3%	23.3%	62.0%	13.0%	75.5%	11.6%	15.8%	8.2K	-356.2K	-8.1K	0.00	10.03	7	0	10,434	2,070
2023-01-04	$3.75	$5.00	103.4%	29.6%	65.2%	25.4%	0.0%	17.0%	-29.4%	9.7K	-456.5K	-9.5K	0.00	8.35	24	0	10,437	2,070
2023-01-05	$3.66	$2.50	101.4%	24.0%	64.0%	24.2%	0.0%	108.7%	-7.3%	8.6K	-396.2K	-8.7K	0.00	31.58	26	0	10,458	2,070
2023-01-06	$3.83	$2.50	80.8%	24.8%	66.7%	12.8%	86.7%	13.1%	-5.3%	9.6K	-465.8K	-9.0K	0.00	54.32	6	0	10,464	2,070
2023-01-09	$4.08	$2.50	67.0%	23.6%	70.7%	5.1%	82.3%	91.0%	4.5%	10.2K	-535.0K	-9.6K	0.14	22.61	58	8	10,466	2,070
2023-01-10	$4.06	$2.50	89.7%	23.9%	70.4%	17.7%	0.0%	-18.9%	1.3%	11.1K	-762.8K	-10.8K	2.22	29.47	27	60	10,500	2,074
2023-01-11	$4.14	$2.50	81.4%	23.3%	67.7%	13.1%	81.2%	-4.5%	-0.1%	13.0K	-854.3K	-11.8K	0.10	39.32	314	30	10,518	2,134
2023-01-12	$4.46	$2.50	77.5%	22.2%	72.7%	10.9%	77.7%	47.9%	-2.8%	14.0K	-733.0K	-10.7K	0.04	13.38	174	7	10,769	2,154
2023-01-13	$4.58	$2.50	77.6%	22.2%	71.0%	11.0%	77.6%	68.5%	-1.2%	15.9K	-850.1K	-11.2K	1.76	10.97	34	60	10,859	2,152
2023-01-17	$4.58	$2.50	82.2%	23.6%	70.1%	13.6%	82.3%	36.7%	-3.1%	14.2K	-781.3K	-10.6K	0.00	25.21	610	2	10,856	2,152
2023-01-18	$4.41	$2.50	86.6%	24.8%	68.6%	16.0%	86.6%	34.3%	-6.6%	14.8K	-864.3K	-11.7K	3.13	25.46	15	47	11,370	2,153
2023-01-19	$4.25	$2.50	87.3%	25.0%	64.3%	16.4%	87.3%	36.2%	-7.8%	13.4K	-696.4K	-10.7K	0.01	32.71	130	1	11,368	2,183
2023-01-20	$4.39	$2.50	78.3%	22.4%	64.7%	11.3%	78.0%	6.2%	-1.6%	14.8K	-845.5K	-11.8K	0.88	15.54	26	23	11,435	2,177
2023-01-23	$4.74	$2.50	75.2%	21.6%	67.1%	9.7%	75.4%	20.8%	3.3%	16.9K	-1.2M	-11.9K	0.15	18.64	339	51	9,421	1,343
2023-01-24	$4.79	$2.50	86.3%	24.7%	65.6%	15.8%	86.3%	31.8%	-8.5%	19.1K	-1.4M	-12.6K	0.05	20.03	208	11	9,710	1,399
2023-01-25	$4.96	$2.50	80.4%	23.0%	64.1%	12.5%	80.4%	50.1%	-2.6%	21.1K	-1.5M	-13.1K	0.16	16.08	45	7	9,852	1,410
2023-01-26	$5.00	$2.50	82.0%	23.5%	54.8%	13.4%	81.5%	22.6%	-8.6%	21.1K	-1.5M	-12.7K	0.46	52.38	235	108	9,850	1,414
2023-01-27	$5.17	$2.50	85.9%	24.6%	54.7%	15.6%	85.9%	32.5%	-12.4%	22.7K	-1.7M	-13.6K	0.69	23.20	64	44	10,063	1,478
2023-01-30	$4.99	$2.50	90.5%	26.0%	55.4%	18.2%	90.5%	23.4%	-12.4%	22.2K	-1.6M	-13.5K	0.55	78.28	20	11	10,082	1,512
2023-01-31	$4.96	$2.50	84.4%	24.2%	55.8%	14.8%	84.3%	35.7%	-10.7%	22.5K	-1.5M	-13.2K	0.11	52.04	44	5	10,086	1,513