NVTS Options History — February 2023

In February 2023, NVTS traded between $5.12 and $6.50. ATM implied volatility averaged 81.5%, placing in the 13.2% IV rank vs the trailing year. The 30-day expected move averaged 24.0%. IV traded above realized volatility by 9.9% (HV 20d: 71.6%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 2.32.

Notable Days

2023-02-21: Highest Volume — 2,199 contracts
2023-02-08: Largest IV spike — 49.3% change
2023-02-02: Highest IV Rank — 22.5%
2023-02-01: Largest Expected Move — 28.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.72	$5.12	$6.50	$5.63	$6.50
Max Pain	$4.87	$2.50	$5.00	$2.50	$5.00
ATM IV	81.5%	59.0%	98.3%	98.1%	76.3%
Expected Move	24.0%	19.7%	28.1%	28.1%	21.9%
HV 20d	71.6%	64.9%	85.0%	67.9%	83.3%
HV 60d	72.7%	67.1%	79.3%	79.2%	70.6%
IV Rank	13.2%	0.6%	22.5%	22.4%	10.2%
IV Percentile	25.7%	0.4%	65.9%	65.9%	10.3%
Term Structure	-5.3%	-19.3%	15.3%	-17.2%	-4.7%
VWIV	81.4%	54.5%	98.1%	98.1%	77.1%
Skew 25d	8.9%	-21.9%	38.3%	16.5%	-21.9%
Skew 10d	27.5%	-20.9%	81.8%	81.8%	-20.9%
Call IV 25d	79.4%	52.0%	101.9%	77.8%	76.1%
Put IV 25d	88.2%	54.2%	107.9%	94.3%	54.2%
Bid-Ask Spread %	37.26	15.58	70.99	20.99	35.29
Gamma HHI	0.28	0.23	0.35	0.25	0.35
Net GEX	24.4K	15.2K	31.2K	19.2K	31.2K
Net DEX	-2.2M	-2.6M	-1.4M	-2.2M	-2.6M
Net VEX	-14.9K	-16.4K	-12.6K	-14.5K	-15.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.32	0.02	33.58	0.04	0.13
Total Volume	420.158	31	2,199	890	523
Total OI	12,884.211	11,640	13,522	11,640	12,929

Daily Data (19 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
2023-02-01	$5.63	$2.50	98.1%	28.1%	67.9%	22.4%	98.1%	16.5%	-17.2%	19.2K	-2.2M	-14.5K	0.04	20.99	857	33	10,122	1,518
2023-02-02	$5.78	$5.00	98.3%	23.9%	67.4%	22.5%	83.4%	6.3%	-2.2%	27.8K	-2.6M	-16.4K	3.77	17.58	56	211	10,838	1,549
2023-02-03	$5.79	$5.00	69.7%	24.1%	65.6%	6.6%	68.8%	6.6%	-1.8%	28.3K	-2.5M	-15.8K	0.05	17.59	189	10	11,056	1,745
2023-02-06	$5.66	$5.00	70.8%	24.0%	67.0%	7.2%	79.3%	15.8%	-4.4%	22.8K	-2.5M	-15.5K	0.19	21.59	36	7	11,201	1,755
2023-02-07	$5.76	$5.00	59.0%	24.7%	65.0%	0.6%	73.2%	18.4%	-5.7%	27.0K	-2.5M	-15.5K	0.04	41.62	116	5	11,193	1,762
2023-02-08	$5.49	$5.00	88.0%	25.2%	68.6%	16.8%	86.1%	24.3%	-8.3%	29.7K	-2.3M	-14.8K	0.13	42.40	370	49	11,279	1,764
2023-02-09	$5.34	$5.00	85.1%	24.4%	70.2%	15.2%	85.1%	-0.4%	-4.3%	29.4K	-2.0M	-14.5K	4.20	33.32	15	63	11,236	1,814
2023-02-10	$5.33	$5.00	83.7%	24.0%	66.5%	14.4%	81.9%	13.9%	-1.9%	20.9K	-2.1M	-14.1K	0.25	33.60	55	14	11,239	1,856
2023-02-13	$5.29	$5.00	86.1%	24.7%	66.4%	15.7%	74.3%	38.3%	-9.1%	31.2K	-2.0M	-14.2K	33.58	36.90	12	403	11,273	1,842
2023-02-14	$5.67	$5.00	82.8%	23.7%	69.8%	13.9%	82.7%	5.1%	-3.0%	23.4K	-2.3M	-15.2K	0.35	34.99	23	8	11,279	2,230
2023-02-15	$5.81	$5.00	85.8%	24.6%	67.6%	15.5%	83.3%	10.6%	-3.8%	22.7K	-2.5M	-15.7K	0.18	57.61	72	13	11,280	2,241
2023-02-16	$5.87	$5.00	83.5%	23.9%	64.9%	14.3%	80.7%	6.0%	-19.3%	23.3K	-2.5M	-15.5K	0.04	59.12	55	2	11,286	2,232
2023-02-17	$5.76	$5.00	68.7%	19.7%	65.7%	6.0%	54.5%	16.1%	-4.0%	22.4K	-2.5M	-15.5K	0.02	48.40	581	11	11,287	2,235
2023-02-21	$5.12	$5.00	88.6%	25.4%	76.3%	17.1%	96.4%	-10.9%	-9.4%	17.3K	-1.4M	-13.5K	0.22	51.75	1,803	396	10,217	1,989
2023-02-22	$5.44	$5.00	80.1%	23.0%	79.0%	12.4%	86.1%	8.2%	-1.1%	15.2K	-1.4M	-12.6K	0.03	70.99	252	8	10,093	2,366
2023-02-23	$5.87	$5.00	93.2%	26.7%	82.2%	19.7%	85.6%	5.8%	-6.2%	20.1K	-1.9M	-14.3K	0.12	51.80	246	30	10,125	2,372
2023-02-24	$6.06	$5.00	70.7%	20.3%	82.6%	7.1%	88.5%	-5.0%	15.3%	23.2K	-2.0M	-14.0K	0.63	16.77	742	467	10,391	2,379
2023-02-27	$6.50	$5.00	80.3%	23.0%	85.0%	12.5%	80.6%	14.8%	-10.0%	29.0K	-2.5M	-15.3K	0.04	15.58	241	9	10,380	2,447
2023-02-28	$6.50	$5.00	76.3%	21.9%	83.3%	10.2%	77.1%	-21.9%	-4.7%	31.2K	-2.6M	-15.9K	0.13	35.29	463	60	10,484	2,445