NVTS Options History — July 2023

In July 2023, NVTS traded between $9.55 and $10.73. ATM implied volatility averaged 80.0%, placing in the 28.0% IV rank vs the trailing year. The 30-day expected move averaged 23.1%. IV traded above realized volatility by 22.8% (HV 20d: 57.2%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.38.

Notable Days

  • 2023-07-10: Highest Volume — 4,795 contracts
  • 2023-07-10: Largest IV spike — 18.4% change
  • 2023-07-31: Highest IV Rank — 49.6%
  • 2023-07-31: Largest Expected Move — 27.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.14$9.55$10.73$10.34$10.54
Max Pain$9.38$7.50$10.00$10.00$10.00
ATM IV80.0%65.1%94.7%65.1%94.7%
Expected Move23.1%17.9%27.2%18.7%27.2%
HV 20d57.2%47.6%64.1%47.6%62.9%
HV 60d90.4%87.8%92.9%89.8%88.8%
IV Rank28.0%7.3%49.6%7.3%49.6%
IV Percentile41.4%7.5%71.4%7.5%71.4%
Term Structure-6.1%-16.8%11.0%11.0%-16.8%
VWIV80.9%65.1%93.4%65.1%93.4%
Skew 25d8.5%-7.8%80.7%80.7%7.7%
Skew 10d21.2%-2.5%167.3%167.3%11.4%
Call IV 25d80.4%65.6%93.2%65.8%93.2%
Put IV 25d89.0%70.1%146.5%146.5%100.9%
Bid-Ask Spread %58.6541.2073.4260.1545.97
Gamma HHI0.460.340.580.550.34
Net GEX178.8K90.3K265.7K244.5K113.1K
Net DEX-9.1M-12.7M-5.8M-11.4M-8.4M
Net VEX-37.8K-42.6K-33.7K-41.7K-38.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.031.480.080.21
Total Volume674.951164,795283885
Total OI22,530.119,26724,84324,45820,252

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$10.34$10.0065.1%18.7%47.6%7.3%65.1%80.7%11.0%244.5K-11.4M-41.7K0.0860.152632021,7832,675
2023-07-05$10.64$10.0070.2%20.1%48.0%10.0%68.3%10.0%7.5%236.6K-12.7M-42.6K0.0762.988946221,8352,688
2023-07-06$9.96$7.5069.7%17.9%54.6%9.7%68.7%-7.8%8.9%240.3K-10.1M-40.3K0.1468.883004122,0122,725
2023-07-07$10.23$7.5065.2%20.9%55.1%7.3%73.4%2.4%-2.3%265.7K-11.4M-41.0K0.3261.6143313722,1392,701
2023-07-10$10.23$7.5077.1%23.1%54.8%13.8%80.5%9.1%-4.0%254.5K-11.3M-40.6K0.0373.424,66912622,1362,707
2023-07-11$10.34$7.5073.8%23.5%54.6%14.5%78.4%5.8%-6.9%187.2K-10.0M-38.9K0.1359.221391819,5842,815
2023-07-12$10.36$7.5079.8%22.9%50.1%18.4%78.8%5.2%-6.6%191.8K-10.0M-38.5K1.4867.2735252119,5622,830
2023-07-13$10.73$10.0081.0%23.2%50.8%19.8%78.0%6.4%-6.5%188.7K-11.2M-40.9K0.3051.372407219,7743,271
2023-07-14$9.98$10.0079.4%22.8%57.4%31.9%79.4%2.4%-5.7%198.3K-8.5M-37.2K0.9267.8232830219,7303,324
2023-07-17$10.43$10.0082.1%23.5%56.8%35.0%81.8%4.6%-6.9%211.0K-10.5M-39.1K0.7758.8118214119,9093,457
2023-07-18$10.61$10.0081.8%23.5%56.1%34.7%82.8%0.1%-8.4%207.1K-11.1M-38.4K0.0758.483692419,9543,462
2023-07-19$10.27$10.0083.7%24.0%55.8%36.9%81.8%8.5%-8.0%243.2K-9.7M-36.7K0.1865.813506319,9323,463
2023-07-20$9.55$10.0081.8%23.5%62.0%34.8%83.0%7.5%-8.9%212.7K-6.3M-34.0K1.1063.2538842520,0963,473
2023-07-21$9.59$10.0079.8%22.9%62.0%32.4%83.6%6.3%-6.0%90.3K-5.8M-34.0K0.6154.501448820,1393,760
2023-07-24$9.57$10.0084.3%24.2%61.7%37.5%85.0%3.0%-10.5%90.6K-6.1M-33.7K0.2742.982887916,3902,877
2023-07-25$10.09$10.0085.4%24.5%63.6%38.9%90.8%4.1%-10.2%101.9K-7.3M-36.0K0.4541.201858316,6282,972
2023-07-26$9.77$10.0087.0%24.9%64.1%40.7%87.9%7.7%-11.6%98.1K-6.7M-34.2K0.2560.83932316,7453,052
2023-07-27$9.61$10.0090.1%25.8%62.0%44.2%88.9%3.8%-13.8%95.6K-6.4M-34.2K0.0655.361771116,7993,075
2023-07-28$10.05$10.0088.6%25.4%63.9%42.6%87.5%3.3%-15.3%104.0K-7.3M-35.7K0.2352.9847311116,8013,075
2023-07-31$10.54$10.0094.7%27.2%62.9%49.6%93.4%7.7%-16.8%113.1K-8.4M-38.0K0.2145.9773415117,0663,186