NVTS Options History — September 2023

In September 2023, NVTS traded between $6.79 and $8.75. ATM implied volatility averaged 64.5%, placing in the 15.3% IV rank vs the trailing year. The 30-day expected move averaged 18.3%. IV traded above realized volatility by 15.0% (HV 20d: 49.5%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.66.

Notable Days

2023-09-13: Highest Volume — 1,307 contracts
2023-09-11: Largest IV spike — 27.5% change
2023-09-11: Highest IV Rank — 36.5%
2023-09-01: Largest Expected Move — 20.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.63	$6.79	$8.75	$8.75	$6.89
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	64.5%	57.0%	83.4%	71.6%	60.3%
Expected Move	18.3%	16.3%	20.5%	20.5%	17.3%
HV 20d	49.5%	31.3%	65.5%	65.5%	31.3%
HV 60d	59.0%	55.7%	61.1%	61.1%	55.7%
IV Rank	15.3%	6.7%	36.5%	23.0%	10.7%
IV Percentile	11.3%	0.4%	56.0%	25.4%	3.2%
Term Structure	8.1%	-4.9%	13.8%	-4.9%	10.5%
VWIV	63.3%	57.0%	68.7%	68.4%	60.3%
Skew 25d	-0.1%	-12.6%	15.6%	0.3%	9.8%
Skew 10d	5.1%	-20.4%	30.9%	8.8%	14.4%
Call IV 25d	60.6%	40.3%	67.3%	66.4%	59.6%
Put IV 25d	60.5%	48.0%	72.0%	66.7%	69.4%
Bid-Ask Spread %	30.72	5.07	63.92	15.58	29.83
Gamma HHI	0.44	0.34	0.49	0.45	0.49
Net GEX	80.9K	22.5K	132.6K	132.6K	61.8K
Net DEX	-3.9M	-6.7M	-1.7M	-6.7M	-2.0M
Net VEX	-33.0K	-41.2K	-27.2K	-41.2K	-28.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.66	0.01	4.89	0.03	0.32
Total Volume	464.55	65	1,307	793	332
Total OI	30,034.8	28,383	32,359	29,237	30,223

Daily Data (20 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
2023-09-01	$8.75	$7.50	71.6%	20.5%	65.5%	23.0%	68.4%	0.3%	-4.9%	132.6K	-6.7M	-41.2K	0.03	15.58	773	20	24,299	4,938
2023-09-05	$8.63	$7.50	73.6%	19.7%	64.4%	25.3%	68.7%	2.9%	5.8%	126.6K	-6.6M	-39.7K	0.02	39.52	866	21	24,807	4,936
2023-09-06	$8.54	$7.50	61.3%	20.2%	64.4%	11.1%	66.3%	10.9%	5.4%	125.5K	-6.6M	-40.3K	0.33	52.10	95	31	25,336	4,951
2023-09-07	$8.25	$7.50	68.8%	19.5%	64.3%	19.7%	67.9%	-1.2%	5.5%	106.1K	-5.7M	-37.2K	0.57	9.29	271	155	25,401	4,949
2023-09-08	$8.25	$7.50	65.4%	19.8%	64.2%	15.9%	67.4%	2.5%	2.9%	105.8K	-5.8M	-37.4K	0.56	25.17	180	100	25,615	4,939
2023-09-11	$8.14	$7.50	83.4%	19.1%	59.1%	36.5%	66.6%	0.9%	4.6%	104.1K	-5.7M	-36.5K	0.34	53.18	644	216	25,753	5,034
2023-09-12	$8.09	$7.50	68.2%	19.4%	56.8%	19.1%	66.8%	5.6%	3.6%	94.7K	-5.3M	-36.1K	0.49	63.92	78	38	25,703	5,186
2023-09-13	$7.78	$7.50	61.8%	17.7%	55.8%	11.7%	61.8%	-3.4%	10.0%	76.7K	-4.3M	-33.2K	4.89	46.26	222	1,085	25,733	5,221
2023-09-14	$7.83	$7.50	59.2%	17.0%	47.9%	9.4%	59.2%	-0.4%	13.8%	76.9K	-4.2M	-34.3K	0.43	41.18	385	167	25,847	6,250
2023-09-15	$7.58	$7.50	60.2%	17.2%	45.5%	10.6%	60.2%	-6.0%	9.7%	22.5K	-3.5M	-33.2K	1.18	43.62	246	290	25,964	6,395
2023-09-18	$7.67	$7.50	60.8%	17.4%	45.4%	11.3%	60.8%	15.6%	11.8%	81.3K	-3.5M	-33.3K	0.59	6.96	280	165	23,267	5,116
2023-09-19	$7.50	$7.50	60.2%	17.3%	39.7%	10.6%	60.3%	-12.6%	11.8%	77.8K	-3.2M	-32.6K	0.65	42.10	132	86	23,457	5,275
2023-09-20	$7.29	$7.50	57.0%	16.3%	40.3%	6.7%	57.0%	4.6%	13.2%	69.0K	-2.6M	-30.3K	0.21	26.80	332	69	23,495	5,334
2023-09-21	$6.88	$7.50	61.0%	17.5%	42.6%	11.5%	60.8%	-9.8%	10.4%	57.6K	-1.8M	-27.4K	0.47	9.15	333	158	23,635	5,338
2023-09-22	$6.96	$7.50	63.3%	18.1%	42.1%	14.4%	63.3%	-0.8%	8.2%	60.7K	-2.0M	-28.1K	1.65	5.07	215	354	23,902	5,314
2023-09-25	$7.00	$7.50	64.9%	18.6%	40.4%	16.4%	64.8%	-6.1%	8.4%	62.3K	-2.1M	-28.9K	0.01	7.84	251	3	23,954	5,520
2023-09-26	$6.79	$7.50	62.9%	18.0%	41.1%	13.9%	62.6%	-5.0%	11.6%	56.1K	-1.7M	-27.2K	0.01	44.02	219	2	24,095	5,523
2023-09-27	$6.87	$7.50	64.3%	18.4%	41.0%	15.7%	61.0%	-7.7%	9.9%	59.3K	-1.9M	-27.5K	0.27	42.51	325	87	24,304	5,519
2023-09-28	$6.87	$7.50	61.7%	17.7%	38.5%	12.4%	61.7%	-2.1%	10.6%	61.4K	-2.0M	-28.2K	0.12	10.25	58	7	24,583	5,585
2023-09-29	$6.89	$7.50	60.3%	17.3%	31.3%	10.7%	60.3%	9.8%	10.5%	61.8K	-2.0M	-28.1K	0.32	29.83	252	80	24,639	5,584