NVTS Options History — August 2023

In August 2023, NVTS traded between $7.84 and $10.80. ATM implied volatility averaged 82.0%, placing in the 35.0% IV rank vs the trailing year. The 30-day expected move averaged 21.9%. IV traded above realized volatility by 15.4% (HV 20d: 66.6%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.47.

Notable Days

  • 2023-08-15: Highest Volume — 4,725 contracts
  • 2023-08-09: Largest IV drop — 31.8% change
  • 2023-08-08: Highest IV Rank — 77.2%
  • 2023-08-02: Largest Expected Move — 29.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.82$7.84$10.80$10.80$8.86
Max Pain$7.72$7.50$10.00$10.00$7.50
ATM IV82.0%60.3%118.8%98.5%60.3%
Expected Move21.9%17.3%29.3%28.2%17.3%
HV 20d66.6%62.1%73.1%63.1%65.7%
HV 60d76.1%59.3%89.4%88.7%61.1%
IV Rank35.0%10.0%77.2%53.9%10.0%
IV Percentile42.8%1.6%94.8%77.8%1.6%
Term Structure-4.2%-23.5%4.3%-21.6%4.0%
VWIV76.1%63.2%102.1%97.8%63.2%
Skew 25d2.6%-8.5%12.2%-8.5%7.3%
Skew 10d23.4%-28.4%54.8%-28.4%13.8%
Call IV 25d75.4%59.2%101.2%97.2%61.4%
Put IV 25d77.9%65.6%105.2%88.7%68.7%
Bid-Ask Spread %48.0515.1577.8142.5761.05
Gamma HHI0.410.320.500.320.46
Net GEX101.0K76.5K136.1K121.3K136.1K
Net DEX-5.6M-9.2M-3.5M-9.2M-6.8M
Net VEX-35.1K-41.7K-27.3K-39.6K-41.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.022.301.190.09
Total Volume1,176.7392214,725425335
Total OI25,496.08720,82229,64620,82229,216

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$10.80$10.0098.5%28.2%63.1%53.9%97.8%-8.5%-21.6%121.3K-9.2M-39.6K1.1942.5719423117,4923,330
2023-08-02$9.98$10.00102.1%29.3%68.4%58.0%102.1%4.0%-23.5%105.4K-7.2M-36.3K0.9050.2230227317,5453,489
2023-08-03$9.86$7.50102.7%22.5%64.4%58.8%82.1%2.6%-5.0%104.6K-6.9M-36.8K0.8762.0912711117,7073,569
2023-08-04$9.66$7.50106.1%22.9%63.9%62.7%82.4%1.1%-7.9%99.1K-6.4M-34.3K0.8877.8112010617,7733,680
2023-08-07$9.29$7.50116.2%23.2%65.2%74.2%82.9%1.1%-5.7%90.7K-5.6M-33.6K0.5464.8136719917,8563,780
2023-08-08$9.18$7.50118.8%22.4%65.0%77.2%78.5%3.7%-5.3%91.1K-5.3M-32.2K0.3973.2625910118,1303,938
2023-08-09$8.86$7.5081.0%23.2%65.7%33.8%81.3%-1.2%-8.3%86.4K-4.7M-31.0K0.0857.625124118,2283,973
2023-08-10$8.91$7.5082.2%23.6%64.0%35.2%82.7%0.2%-8.9%90.2K-4.8M-30.6K0.0750.732451718,4664,010
2023-08-11$8.29$7.5084.8%24.3%63.9%38.1%83.6%8.6%-11.3%76.6K-3.6M-27.3K0.4525.661,23355318,5164,014
2023-08-14$8.66$7.5088.1%25.3%63.9%42.0%86.8%1.4%-12.5%76.5K-4.3M-29.5K0.2956.092,99286819,1694,349
2023-08-15$9.00$7.5067.5%19.3%65.5%18.2%68.3%12.2%3.0%91.7K-5.8M-31.4K0.1739.604,05567021,3554,897
2023-08-16$8.27$7.5069.8%20.0%70.5%20.9%69.6%0.7%3.5%80.4K-4.6M-30.8K0.4126.2540716522,6445,183
2023-08-17$7.84$7.5068.9%19.8%68.5%19.9%68.4%-0.3%2.2%79.4K-3.5M-27.9K0.2015.153,03560722,7825,164
2023-08-18$7.94$7.5071.4%20.5%68.8%22.8%68.3%9.5%-1.4%78.3K-4.2M-32.0K0.3433.121,13638624,2835,363
2023-08-21$8.43$7.5073.7%21.1%73.1%25.4%71.4%5.4%-0.4%104.9K-5.1M-36.5K0.0267.072,0614621,6704,736
2023-08-22$8.46$7.5076.0%21.8%69.8%28.0%74.2%7.0%-2.4%119.5K-5.9M-40.0K0.1645.385088223,4464,747
2023-08-23$8.64$7.5072.9%20.9%70.0%24.5%67.8%3.8%-0.5%127.6K-6.3M-39.9K0.0441.992,1798323,4924,744
2023-08-24$8.32$7.5068.8%19.7%70.8%19.8%68.5%0.4%4.3%105.1K-5.3M-37.6K0.0841.641,2039522,9744,733
2023-08-25$8.54$7.5067.7%19.4%69.3%18.5%66.1%1.8%4.3%121.8K-6.2M-41.7K0.0744.262101424,0864,764
2023-08-28$8.43$7.5072.3%20.7%66.1%23.8%64.8%6.1%0.2%117.4K-5.7M-39.7K2.3041.3014032224,1704,759
2023-08-29$8.16$7.5066.2%19.0%65.1%16.8%68.7%-5.6%1.2%103.5K-5.1M-38.0K0.0541.712101124,1614,888
2023-08-30$8.41$7.5070.3%20.2%62.1%21.5%70.0%-1.9%-5.5%116.1K-5.7M-38.8K1.2945.7811114324,2514,888
2023-08-31$8.86$7.5060.3%17.3%65.7%10.0%63.2%7.3%4.0%136.1K-6.8M-41.5K0.0961.053082724,2804,936