NVTS Options History — January 2024

In January 2024, NVTS traded between $5.75 and $7.54. ATM implied volatility averaged 59.0%, placing in the 13.8% IV rank vs the trailing year. The 30-day expected move averaged 17.3%. IV traded above realized volatility by 11.3% (HV 20d: 47.7%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.31.

Notable Days

  • 2024-01-02: Highest Volume — 823 contracts
  • 2024-01-22: Largest IV spike — 46.7% change
  • 2024-01-31: Highest IV Rank — 31.6%
  • 2024-01-31: Largest Expected Move — 20.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.60$5.75$7.54$7.54$5.75
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV59.0%42.2%71.4%57.4%71.4%
Expected Move17.3%12.1%20.5%16.5%20.5%
HV 20d47.7%44.9%52.3%46.1%47.3%
HV 60d56.9%54.1%59.4%58.8%54.2%
IV Rank13.8%0.0%31.6%8.3%31.6%
IV Percentile13.2%0.0%49.6%2.0%49.6%
Term Structure7.6%-3.0%50.9%9.1%2.1%
VWIV65.2%57.0%80.1%57.0%80.1%
Skew 25d-3.0%-24.6%21.4%6.5%21.4%
Skew 10d4.1%-29.7%103.3%10.8%103.3%
Call IV 25d60.8%49.6%72.5%54.0%52.1%
Put IV 25d57.9%43.6%73.5%60.5%73.5%
Bid-Ask Spread %49.9812.8580.7920.4538.80
Gamma HHI0.430.370.480.410.46
Net GEX25.8K14.4K54.5K54.5K15.4K
Net DEX-904.2K-2.8M-18.7K-2.8M-20.3K
Net VEX-10.9K-13.8K-8.4K-13.8K-8.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.021.290.430.18
Total Volume372.095109823823213
Total OI24,945.76212,16932,97931,28813,342

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$7.54$7.5057.4%16.5%46.1%8.3%57.0%6.5%9.1%54.5K-2.8M-13.8K0.4320.4557524826,0275,261
2024-01-03$7.24$7.5061.1%17.5%48.4%12.6%61.1%5.0%5.9%39.6K-2.0M-13.2K0.1651.994046426,1085,506
2024-01-04$7.11$7.5060.1%18.2%48.5%11.5%72.9%3.9%2.9%34.0K-1.7M-12.8K0.5760.4337321126,2015,511
2024-01-05$6.94$7.5056.3%18.5%47.9%7.0%64.4%19.1%1.1%30.2K-1.4M-12.3K0.3566.392538826,3815,670
2024-01-08$7.20$7.5057.1%18.5%48.3%7.9%64.4%5.1%3.4%36.2K-1.9M-12.9K0.3065.5860318026,4935,819
2024-01-09$7.19$7.5056.2%18.7%48.2%6.9%65.3%-13.5%2.7%38.3K-1.8M-13.3K0.0265.58218426,7905,938
2024-01-10$7.08$7.5065.8%18.9%48.4%18.2%65.8%2.2%0.0%37.3K-1.7M-12.8K0.6670.53865726,8105,940
2024-01-11$6.67$7.5063.2%18.1%52.3%15.3%63.5%12.9%3.7%26.6K-756.0K-11.3K0.2252.932525626,8085,995
2024-01-12$6.56$7.5061.2%17.6%49.8%12.9%61.3%-15.5%4.0%19.5K-386.0K-10.6K1.2980.799612426,8936,019
2024-01-16$6.34$7.5065.5%18.8%45.4%18.0%65.2%5.5%-0.5%17.0K-118.0K-9.7K0.4156.401034226,9176,062
2024-01-17$6.08$7.5070.2%20.1%46.5%23.5%67.2%1.7%-3.0%14.4K-18.7K-9.0K0.1255.76971226,8865,828
2024-01-18$6.14$7.5069.3%19.9%47.0%22.5%60.9%0.8%-1.1%15.2K-128.8K-9.1K0.0970.801741526,8855,767
2024-01-19$6.25$7.5042.2%12.1%47.7%0.0%61.1%-17.1%26.1%16.2K-226.1K-9.4K0.0945.537296426,9145,764
2024-01-22$6.50$7.5061.9%17.8%49.6%21.4%62.2%-10.6%4.8%19.9K-606.2K-10.1K0.2337.386111418,7753,394
2024-01-23$6.55$7.5048.8%14.0%47.7%7.1%58.4%-11.2%10.9%23.6K-780.4K-10.5K0.4226.722551069,1863,401
2024-01-24$6.38$7.5052.6%15.1%47.6%11.2%65.9%-20.4%5.2%22.1K-627.5K-10.2K0.2350.24155369,2683,450
2024-01-25$6.33$7.5062.6%17.9%44.9%22.0%63.4%-13.3%5.0%21.3K-539.1K-10.2K0.2035.45200409,3173,474
2024-01-26$6.21$7.5050.9%14.6%44.9%9.4%68.8%-22.4%50.9%20.3K-437.1K-9.8K0.2638.00265689,4113,514
2024-01-29$6.38$7.5056.0%16.1%47.1%15.0%60.3%2.1%9.2%22.5K-609.8K-10.2K0.1847.02111209,4753,552
2024-01-30$6.14$7.5048.7%14.0%47.6%7.0%80.0%-24.6%16.2%18.2K-325.7K-9.2K0.0312.85451149,5373,572
2024-01-31$5.75$7.5071.4%20.5%47.3%31.6%80.1%21.4%2.1%15.4K-20.3K-8.4K0.1838.80180339,7673,575