NVTS Options History — November 2023

In November 2023, NVTS traded between $5.46 and $7.17. ATM implied volatility averaged 80.9%, placing in the 36.5% IV rank vs the trailing year. The 30-day expected move averaged 21.4%. IV traded above realized volatility by 10.7% (HV 20d: 70.2%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.38.

Notable Days

  • 2023-11-02: Highest Volume — 2,657 contracts
  • 2023-11-08: Largest IV drop — 33.7% change
  • 2023-11-07: Highest IV Rank — 100.0%
  • 2023-11-01: Largest Expected Move — 31.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.48$5.46$7.17$5.46$6.91
Max Pain$7.38$5.00$7.50$5.00$7.50
ATM IV80.9%59.5%134.5%108.8%68.1%
Expected Move21.4%17.1%31.2%31.2%19.5%
HV 20d70.2%63.0%77.2%64.5%65.4%
HV 60d58.3%54.3%59.7%55.9%58.6%
IV Rank36.5%10.8%100.0%71.0%21.1%
IV Percentile43.5%3.2%100.0%97.6%29.8%
Term Structure-5.5%-25.6%1.9%-25.6%-8.1%
VWIV72.8%59.5%108.8%108.8%66.8%
Skew 25d9.2%-7.1%54.8%44.2%-7.1%
Skew 10d30.0%-9.6%93.2%64.7%-9.6%
Call IV 25d67.6%53.4%91.8%67.0%68.3%
Put IV 25d76.8%48.8%116.8%111.2%61.2%
Bid-Ask Spread %22.207.3456.627.347.50
Gamma HHI0.390.330.440.400.44
Net GEX83.6K47.4K103.3K58.1K92.2K
Net DEX-4.1M-7.3M-1.3M-1.3M-2.7M
Net VEX-18.9K-21.5K-13.4K-13.4K-18.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.024.060.200.17
Total Volume915.0951132,6571,963253
Total OI37,283.76233,35041,21333,35035,111

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$5.46$5.00108.8%31.2%64.5%71.0%108.8%44.2%-25.6%58.1K-1.3M-13.4K0.207.341,63033328,7384,612
2023-11-02$5.83$7.50116.4%25.5%66.2%80.1%85.9%4.2%-11.1%75.1K-3.0M-16.8K0.1453.272,33831930,4644,888
2023-11-03$6.17$7.50120.3%25.2%69.3%84.9%83.7%11.5%-4.5%83.7K-4.1M-19.4K0.0640.132,16112531,2885,071
2023-11-06$5.95$7.50126.2%26.7%66.8%92.0%85.5%11.3%-15.3%91.7K-4.2M-18.8K0.0213.081,0841932,7605,136
2023-11-07$6.04$7.50134.5%26.9%63.0%100.0%81.8%12.9%-16.2%94.9K-4.6M-19.3K4.0612.427128833,6595,151
2023-11-08$5.84$7.5089.2%25.6%63.7%46.1%90.4%3.2%-7.8%93.3K-4.0M-18.6K0.2411.662335533,6645,412
2023-11-09$5.70$7.5091.5%26.2%64.1%48.8%91.7%0.4%-7.5%91.8K-3.6M-18.3K0.0926.891,91116833,7305,472
2023-11-10$6.30$7.5065.3%18.7%70.1%17.7%66.7%10.5%0.6%59.7K-5.8M-18.1K0.1314.401,25716735,3555,528
2023-11-13$5.97$7.5070.9%20.3%73.0%24.4%64.1%6.8%1.8%47.4K-4.9M-15.9K0.0756.621,85913935,1565,601
2023-11-14$6.41$7.5063.8%18.3%77.2%16.0%67.0%7.2%-0.9%62.7K-5.9M-18.6K0.0511.684402335,5635,650
2023-11-15$6.58$7.5066.2%19.0%76.6%18.8%65.7%12.6%-1.9%69.9K-6.4M-19.1K0.299.7546313535,4145,640
2023-11-16$6.70$7.5066.7%19.1%76.7%19.3%60.8%19.8%-2.7%75.2K-6.7M-19.6K0.029.89232435,2945,656
2023-11-17$6.92$7.5060.9%17.4%75.8%12.4%60.8%-6.8%0.6%84.3K-7.3M-20.1K0.0730.537375535,4835,653
2023-11-20$7.12$7.5060.9%17.5%74.5%12.4%60.9%5.0%1.9%97.7K-3.5M-21.2K0.9045.0052647428,6325,197
2023-11-21$6.89$7.5065.5%18.8%76.1%18.0%65.5%-1.1%-4.3%86.0K-2.8M-19.6K0.4644.331778128,9025,426
2023-11-22$7.11$7.5065.5%18.8%72.7%17.9%65.4%0.1%-1.7%98.1K-3.5M-21.5K0.0810.264273629,0185,474
2023-11-24$7.17$7.5065.6%18.8%71.7%18.1%65.6%-0.4%-1.9%103.3K-3.7M-21.5K0.109.321541629,1345,497
2023-11-27$6.97$7.5067.8%19.4%72.7%20.6%67.8%-2.3%-9.0%89.7K-2.9M-18.7K0.179.552223729,2345,483
2023-11-28$7.05$7.5059.5%17.1%67.9%10.8%59.5%7.2%1.7%101.8K-3.2M-19.6K0.5919.40714229,4065,494
2023-11-29$7.04$7.5064.6%18.5%65.5%16.8%64.7%54.8%-4.2%98.8K-3.1M-19.4K0.0223.13446929,4095,504
2023-11-30$6.91$7.5068.1%19.5%65.4%21.1%66.8%-7.1%-8.1%92.2K-2.7M-18.4K0.177.502173629,6025,509