NVTS Options History — May 2023

In May 2023, NVTS traded between $5.38 and $9.48. ATM implied volatility averaged 83.0%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 23.2%. IV traded below realized volatility by 8.6% (HV 20d: 91.7%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.42.

Notable Days

  • 2023-05-31: Highest Volume — 9,161 contracts
  • 2023-05-12: Largest IV spike — 22.4% change
  • 2023-05-05: Highest IV Rank — 24.3%
  • 2023-05-02: Largest Expected Move — 27.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.23$5.38$9.48$5.38$8.48
Max Pain$5.45$5.00$7.50$5.00$7.50
ATM IV83.0%68.5%96.8%87.1%88.1%
Expected Move23.2%19.7%27.3%25.0%25.3%
HV 20d91.7%60.2%133.2%60.2%133.2%
HV 60d83.8%75.8%99.9%75.8%99.6%
IV Rank16.9%9.1%24.3%19.1%19.7%
IV Percentile38.4%10.7%67.9%47.2%52.4%
Term Structure-9.1%-60.9%6.9%-10.0%-11.4%
VWIV79.8%67.0%95.1%85.6%89.5%
Skew 25d8.5%-21.9%46.7%44.6%-2.8%
Skew 10d30.1%-35.1%95.0%95.0%63.6%
Call IV 25d73.8%50.2%90.6%63.8%89.7%
Put IV 25d82.3%64.8%108.5%108.5%87.0%
Bid-Ask Spread %28.9411.1653.0144.7022.21
Gamma HHI0.270.240.370.240.35
Net GEX37.4K16.2K68.8K16.2K68.7K
Net DEX-3.1M-5.6M-1.0M-1.0M-5.2M
Net VEX-16.5K-25.5K-10.3K-10.3K-24.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.004.450.170.01
Total Volume1,115.68279,161489,161
Total OI12,864.86411,16716,67211,16716,672

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$5.38$5.0087.1%25.0%60.2%19.1%85.6%44.6%-10.0%16.2K-1.0M-10.3K0.1744.704179,4511,716
2023-05-02$5.45$5.0095.3%27.3%60.9%23.5%95.1%26.7%-16.8%18.2K-1.5M-13.3K4.4527.84421879,4561,711
2023-05-03$5.69$5.0087.4%25.1%64.1%19.3%94.6%46.7%6.9%18.7K-1.3M-11.4K0.1620.77135219,4651,847
2023-05-04$5.62$5.0096.3%23.7%61.7%24.0%77.6%7.9%-7.7%17.7K-1.2M-10.9K0.0041.57709,5601,868
2023-05-05$6.08$5.0096.8%24.4%69.2%24.3%71.7%10.8%-17.0%21.4K-1.5M-11.2K0.0042.1527719,5631,868
2023-05-08$6.50$5.0089.7%21.3%73.1%20.5%74.8%14.2%1.0%23.2K-1.9M-12.4K0.0234.9526759,4681,868
2023-05-09$6.46$5.0078.7%21.2%72.9%14.6%87.2%10.4%-3.3%23.8K-1.9M-12.5K0.2543.34829,5931,869
2023-05-10$6.47$5.0077.5%22.2%72.8%13.9%78.4%9.4%-7.0%24.1K-1.9M-12.7K0.2950.7568209,5981,871
2023-05-11$6.24$5.0077.5%22.2%73.7%13.9%78.0%3.2%0.6%24.4K-1.7M-12.2K1.1721.89981159,6121,864
2023-05-12$6.22$5.0094.8%27.2%73.7%23.3%67.0%15.1%-60.9%22.0K-1.7M-12.3K0.0253.016519,6851,979
2023-05-15$6.59$5.0088.0%25.2%76.9%19.6%88.5%17.4%-13.4%25.0K-2.2M-14.4K0.2514.031,0992809,7271,980
2023-05-16$8.02$5.0074.3%21.3%104.0%12.2%74.7%-2.5%1.7%55.7K-4.2M-17.5K0.2922.102,83881110,5202,190
2023-05-17$8.34$5.0073.9%21.2%104.0%12.0%72.1%9.0%1.7%43.2K-4.4M-18.3K0.4136.3090136710,7272,542
2023-05-18$8.48$5.0071.9%20.6%103.8%10.9%68.2%3.9%-13.6%45.2K-4.6M-18.7K0.5222.1641921911,0172,683
2023-05-19$8.46$5.0071.8%20.6%103.8%10.9%70.1%3.6%-10.8%45.0K-4.5M-18.9K0.1111.162352611,0242,763
2023-05-22$9.18$5.0068.5%19.7%101.4%9.1%70.8%1.7%-5.4%49.2K-4.9M-20.0K0.0531.261,1065410,3542,070
2023-05-23$9.48$5.0074.3%21.3%85.1%12.2%73.9%3.6%-4.7%56.2K-5.6M-22.8K0.0414.101,1314611,0782,070
2023-05-24$7.38$5.0077.1%22.1%129.0%13.7%81.7%-21.9%-5.3%41.1K-3.1M-18.5K0.4728.851,07450411,7162,201
2023-05-25$7.50$7.5080.1%23.0%127.5%15.3%80.6%-14.7%-9.1%47.3K-3.4M-19.5K0.1414.4191212712,7502,479
2023-05-26$8.48$7.5086.0%24.6%132.7%18.5%84.1%1.5%-3.9%66.7K-5.2M-24.3K0.3417.9877226013,4412,568
2023-05-30$8.52$7.5091.7%26.3%132.9%21.6%91.7%-0.5%-11.0%68.8K-5.3M-25.5K0.1421.1273410213,7652,778
2023-05-31$8.48$7.5088.1%25.3%133.2%19.7%89.5%-2.8%-11.4%68.7K-5.2M-24.7K0.0122.219,1124913,8282,844