NVTS Options History — December 2023

In December 2023, NVTS traded between $7.13 and $8.39. ATM implied volatility averaged 65.2%, placing in the 17.6% IV rank vs the trailing year. The 30-day expected move averaged 17.2%. IV traded above realized volatility by 20.2% (HV 20d: 45.0%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.54.

Notable Days

2023-12-11: Highest Volume — 8,881 contracts
2023-12-11: Largest IV spike — 57.9% change
2023-12-11: Highest IV Rank — 57.4%
2023-12-12: Largest Expected Move — 18.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.84	$7.13	$8.39	$7.16	$8.07
Max Pain	$6.50	$5.00	$7.50	$7.50	$7.50
ATM IV	65.2%	51.0%	98.7%	60.6%	58.4%
Expected Move	17.2%	13.7%	18.6%	17.4%	16.7%
HV 20d	45.0%	35.4%	63.0%	63.0%	39.3%
HV 60d	58.9%	58.3%	59.6%	58.8%	58.8%
IV Rank	17.6%	0.7%	57.4%	12.1%	9.5%
IV Percentile	18.8%	0.4%	94.4%	5.2%	2.0%
Term Structure	6.1%	-7.6%	30.3%	-2.0%	6.1%
VWIV	59.0%	36.9%	65.4%	60.6%	59.3%
Skew 25d	4.8%	-14.1%	101.5%	101.5%	-7.7%
Skew 10d	18.2%	-22.1%	142.4%	142.4%	-6.7%
Call IV 25d	61.1%	55.4%	66.5%	59.1%	66.5%
Put IV 25d	65.9%	46.6%	160.7%	160.7%	58.8%
Bid-Ask Spread %	49.36	25.04	73.52	44.94	38.88
Gamma HHI	0.53	0.43	0.64	0.45	0.59
Net GEX	113.4K	24.1K	141.0K	110.4K	102.9K
Net DEX	-5.0M	-8.3M	-3.4M	-3.4M	-4.3M
Net VEX	-19.1K	-20.9K	-16.2K	-19.3K	-16.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.02	3.64	0.02	1.00
Total Volume	1,162.4	120	8,881	183	216
Total OI	34,602.8	30,730	42,449	35,226	31,201

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
2023-12-01	$7.16	$7.50	60.6%	17.4%	63.0%	12.1%	60.6%	101.5%	-2.0%	110.4K	-3.4M	-19.3K	0.02	44.94	179	4	29,707	5,519
2023-12-04	$7.25	$5.00	65.6%	13.7%	60.5%	18.1%	49.1%	-8.8%	16.8%	117.5K	-3.7M	-17.6K	0.16	43.35	170	27	29,785	5,515
2023-12-05	$7.13	$5.00	69.3%	17.5%	59.0%	22.4%	60.6%	-14.1%	4.3%	110.4K	-3.4M	-18.8K	0.02	34.50	118	2	29,841	5,524
2023-12-06	$7.34	$5.00	66.0%	16.7%	59.4%	18.6%	58.3%	-1.2%	8.6%	125.3K	-4.0M	-18.9K	0.08	66.97	623	47	29,880	5,524
2023-12-07	$7.59	$5.00	64.1%	17.3%	57.7%	16.3%	60.3%	-0.8%	4.4%	141.0K	-4.8M	-20.0K	0.02	35.45	490	10	29,757	5,544
2023-12-08	$7.54	$5.00	62.5%	16.9%	56.5%	14.3%	59.0%	-0.1%	6.9%	136.7K	-4.6M	-19.3K	0.23	48.08	151	35	29,623	5,547
2023-12-11	$7.58	$5.00	98.7%	18.6%	46.4%	57.4%	64.5%	1.4%	4.5%	134.3K	-4.7M	-19.3K	2.01	38.84	2,951	5,930	29,605	5,546
2023-12-12	$7.54	$5.00	96.2%	18.6%	40.5%	54.4%	65.4%	-0.5%	4.6%	24.1K	-3.5M	-20.9K	0.29	40.52	131	38	31,606	10,843
2023-12-13	$7.83	$5.00	62.8%	18.0%	35.4%	14.7%	62.5%	5.1%	6.2%	31.1K	-5.9M	-20.9K	0.88	52.40	2,371	2,094	31,367	10,857
2023-12-14	$8.23	$7.50	62.2%	17.8%	37.8%	14.0%	60.8%	1.7%	-7.6%	132.1K	-8.3M	-20.7K	0.02	25.04	1,168	19	30,535	9,874
2023-12-15	$8.14	$7.50	60.8%	17.4%	38.5%	12.3%	61.4%	-1.6%	7.1%	124.2K	-7.7M	-20.4K	0.11	59.27	827	89	30,457	9,886
2023-12-18	$8.14	$7.50	59.3%	17.0%	37.7%	10.6%	59.3%	0.0%	6.6%	122.4K	-5.2M	-19.4K	3.64	28.03	339	1,233	25,775	4,955
2023-12-19	$8.21	$7.50	59.7%	17.1%	36.9%	11.0%	60.0%	1.5%	5.6%	125.4K	-5.4M	-19.7K	0.09	73.52	703	60	25,897	5,177
2023-12-20	$7.84	$7.50	60.0%	17.2%	39.0%	11.4%	59.7%	11.1%	6.7%	102.2K	-4.4M	-18.1K	0.45	58.44	700	314	26,153	5,221
2023-12-21	$8.09	$7.50	62.8%	18.0%	39.0%	14.7%	58.6%	1.6%	3.4%	118.7K	-5.0M	-19.4K	0.19	36.61	468	91	26,189	4,996
2023-12-22	$8.14	$7.50	60.1%	17.2%	39.0%	11.5%	60.2%	-2.3%	2.9%	120.5K	-5.0M	-18.6K	1.10	61.42	195	214	26,012	5,006
2023-12-26	$8.39	$7.50	51.0%	14.6%	37.7%	0.7%	36.9%	7.3%	30.3%	140.0K	-5.8M	-18.8K	0.40	65.20	363	145	26,060	5,031
2023-12-27	$8.30	$7.50	63.5%	18.2%	38.3%	15.5%	62.4%	1.9%	2.1%	126.2K	-5.2M	-17.9K	0.11	68.28	350	37	25,906	5,137
2023-12-28	$8.30	$7.50	60.7%	17.4%	38.3%	12.2%	60.3%	-1.0%	4.2%	123.4K	-5.0M	-17.3K	0.08	67.49	320	26	25,829	5,169
2023-12-29	$8.07	$7.50	58.4%	16.7%	39.3%	9.5%	59.3%	-7.7%	6.1%	102.9K	-4.3M	-16.2K	1.00	38.88	108	108	26,032	5,169