NVTS Options History — March 2023

In March 2023, NVTS traded between $6.00 and $7.25. ATM implied volatility averaged 71.2%, placing in the 10.6% IV rank vs the trailing year. The 30-day expected move averaged 20.4%. IV traded below realized volatility by 12.2% (HV 20d: 83.4%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 0.61.

Notable Days

  • 2023-03-21: Highest Volume — 616 contracts
  • 2023-03-08: Largest IV drop — 25.8% change
  • 2023-03-07: Highest IV Rank — 18.2%
  • 2023-03-22: Largest Expected Move — 23.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.55$6.00$7.25$6.12$7.25
Max Pain$5.76$5.00$7.50$5.00$7.50
ATM IV71.2%51.6%85.4%51.6%67.5%
Expected Move20.4%14.8%23.8%14.8%19.3%
HV 20d83.4%75.6%91.3%87.1%87.5%
HV 60d73.8%70.6%77.3%71.8%77.1%
IV Rank10.6%0.0%18.2%0.0%8.5%
IV Percentile11.3%0.0%32.5%0.0%7.9%
Term Structure2.8%-22.9%32.5%32.5%9.1%
VWIV73.5%65.8%84.1%83.8%67.5%
Skew 25d4.2%-32.6%51.6%-16.7%51.6%
Skew 10d9.4%-41.0%77.7%-27.9%77.7%
Call IV 25d75.0%54.9%136.7%76.5%63.7%
Put IV 25d79.1%52.1%128.9%59.8%115.3%
Bid-Ask Spread %32.936.7463.8911.3941.24
Gamma HHI0.280.240.400.270.27
Net GEX28.1K22.3K42.4K22.3K33.3K
Net DEX-2.4M-2.8M-2.0M-2.2M-2.8M
Net VEX-15.4K-17.1K-13.9K-14.7K-17.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.002.590.030.65
Total Volume187.5654561693213
Total OI12,077.5229,98513,50713,00310,924

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-03-01$6.12$5.0051.6%14.8%87.1%0.0%83.8%-16.7%32.5%22.3K-2.2M-14.7K0.0311.3990310,5452,458
2023-03-02$6.13$5.0064.2%18.4%75.6%6.8%73.0%-32.6%0.1%25.4K-2.2M-14.7K0.358.431344710,5772,459
2023-03-03$6.37$5.0075.7%21.7%76.2%13.0%76.8%-19.1%-1.7%30.6K-2.5M-15.5K0.246.74591410,5912,436
2023-03-06$6.29$5.0075.6%21.3%76.4%12.9%73.6%25.4%-0.6%30.4K-2.5M-15.7K0.8020.33756010,6492,443
2023-03-07$6.36$5.0085.4%19.8%75.8%18.2%69.0%-6.6%5.3%22.9K-2.3M-14.6K0.1428.211632210,6772,501
2023-03-08$6.75$5.0063.3%19.8%78.1%6.3%69.1%16.7%6.0%42.4K-2.8M-16.1K0.1457.963014110,7642,483
2023-03-09$6.37$5.0058.8%20.7%79.1%3.9%74.4%-7.8%0.6%24.1K-2.4M-15.1K0.0863.891711310,8922,518
2023-03-10$6.13$5.0063.3%23.3%79.8%6.3%77.1%19.0%2.4%23.5K-2.1M-14.6K2.0022.425310610,8782,525
2023-03-13$6.41$5.0077.8%21.0%80.8%14.1%74.8%-0.6%3.7%25.1K-2.3M-14.1K0.0033.02145010,8822,453
2023-03-14$6.41$5.0082.5%20.0%80.7%16.6%70.0%-2.4%8.2%25.5K-2.4M-14.9K0.0336.05115410,9862,453
2023-03-15$6.00$5.0081.1%23.3%81.7%15.9%80.8%-5.5%9.0%22.7K-2.1M-13.9K0.0636.14156911,0492,454
2023-03-16$6.70$5.0076.4%21.9%90.0%13.3%76.3%-4.6%3.5%28.2K-2.6M-15.1K0.4228.02743111,0512,455
2023-03-17$6.46$5.0073.8%21.2%91.3%12.0%73.8%6.3%4.2%27.2K-2.5M-15.3K0.4226.45401711,0742,433
2023-03-20$6.36$5.0077.4%22.2%91.2%13.9%84.1%-14.2%-5.4%26.1K-2.0M-14.2K0.8441.8851438,988997
2023-03-21$7.11$5.0067.7%19.4%86.4%8.7%67.7%30.6%8.7%32.0K-2.7M-16.3K0.1730.60527899,0071,023
2023-03-22$6.92$5.0083.0%23.8%86.1%16.9%82.1%-12.9%-13.0%32.3K-2.6M-15.7K2.0646.151262599,1801,073
2023-03-23$6.88$7.5071.6%20.5%82.8%10.8%71.6%10.5%-16.4%29.2K-2.5M-16.4K0.4147.25130539,2141,237
2023-03-24$6.51$7.5071.9%20.6%85.2%10.9%73.0%-16.3%8.1%25.9K-2.1M-15.1K1.0819.231491619,2271,288
2023-03-27$6.88$7.5070.8%20.3%83.9%10.4%71.6%43.4%5.5%30.3K-2.4M-16.3K0.8621.1883719,2541,413
2023-03-28$6.44$7.5066.2%19.0%87.4%7.8%66.9%-1.8%-22.9%26.0K-2.1M-14.9K0.2544.5093239,2711,380
2023-03-29$6.89$7.5066.8%19.2%87.5%8.2%66.8%11.7%9.3%30.5K-2.5M-16.4K2.5946.25711849,3121,402
2023-03-30$6.99$7.5065.8%18.9%87.6%7.6%65.8%21.6%9.2%30.0K-2.5M-16.6K0.4139.9732139,3201,587
2023-03-31$7.25$7.5067.5%19.3%87.5%8.5%67.5%51.6%9.1%33.3K-2.8M-17.1K0.6541.24129849,3371,587