NVTS Options History — February 2024

In February 2024, NVTS traded between $5.59 and $6.83. ATM implied volatility averaged 89.1%, placing in the 49.1% IV rank vs the trailing year. The 30-day expected move averaged 26.5%. IV traded above realized volatility by 25.4% (HV 20d: 63.6%). 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 2 of 20 days. Put/call ratio averaged 0.32.

Notable Days

2024-02-29: Highest Volume — 22,211 contracts
2024-02-28: Largest IV spike — 33.5% change
2024-02-28: Highest IV Rank — 100.0%
2024-02-29: Largest Expected Move — 45.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.07	$5.59	$6.83	$5.70	$6.14
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	89.1%	43.4%	159.0%	63.8%	159.0%
Expected Move	26.5%	20.5%	45.6%	20.5%	45.6%
HV 20d	63.6%	43.8%	73.4%	46.2%	70.9%
HV 60d	54.1%	51.5%	56.4%	52.9%	56.4%
IV Rank	49.1%	1.2%	100.0%	23.4%	100.0%
IV Percentile	71.9%	0.4%	100.0%	23.8%	100.0%
Term Structure	-18.0%	-61.6%	1.3%	0.5%	-59.3%
VWIV	93.2%	72.8%	147.6%	74.2%	147.6%
Skew 25d	-0.8%	-29.3%	14.7%	-0.0%	11.0%
Skew 10d	33.3%	-16.6%	102.3%	81.2%	-10.2%
Call IV 25d	93.3%	71.2%	145.9%	73.6%	145.9%
Put IV 25d	92.4%	73.0%	156.8%	73.5%	156.8%
Bid-Ask Spread %	30.61	7.61	67.54	39.09	26.57
Gamma HHI	0.59	0.39	0.79	0.46	0.53
Net GEX	87.2K	13.9K	150.5K	14.5K	150.5K
Net DEX	-2.3M	-5.3M	18.0K	18.0K	-5.3M
Net VEX	-15.1K	-28.2K	-7.7K	-7.9K	-28.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.32	0.01	1.65	0.05	0.27
Total Volume	3,784.9	154	22,211	154	22,211
Total OI	27,124.75	13,235	53,922	13,235	53,922

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
2024-02-01	$5.70	$7.50	63.8%	20.5%	46.2%	23.4%	74.2%	-0.0%	0.5%	14.5K	18.0K	-7.9K	0.05	39.09	146	8	9,773	3,462
2024-02-02	$5.64	$7.50	43.4%	21.1%	46.2%	1.2%	75.1%	0.5%	-4.8%	14.1K	-3.4K	-8.1K	0.22	30.35	357	80	9,855	3,464
2024-02-05	$5.59	$7.50	51.5%	21.5%	45.9%	10.0%	74.8%	12.4%	-8.3%	13.9K	4.2K	-7.7K	0.75	27.78	175	132	10,023	3,471
2024-02-06	$5.70	$7.50	66.4%	21.5%	43.9%	26.1%	73.7%	6.3%	-3.4%	15.4K	-85.2K	-7.9K	0.01	35.12	155	1	10,084	3,404
2024-02-07	$5.64	$7.50	72.4%	20.8%	43.8%	32.7%	72.8%	-1.6%	1.3%	15.3K	-117.6K	-7.9K	0.01	40.76	300	2	10,242	3,404
2024-02-08	$6.33	$7.50	80.6%	23.1%	62.9%	41.6%	81.2%	-0.5%	-12.1%	23.7K	-989.9K	-10.1K	0.04	29.30	7,927	278	10,437	3,404
2024-02-09	$6.71	$7.50	83.5%	23.9%	63.4%	44.7%	85.1%	-0.3%	-10.4%	98.6K	-3.4M	-16.9K	0.01	18.43	7,030	100	17,182	3,475
2024-02-12	$6.83	$7.50	88.4%	25.4%	63.4%	50.1%	88.3%	-1.9%	-15.2%	131.7K	-4.3M	-19.6K	0.05	32.92	2,693	140	22,923	3,369
2024-02-13	$6.36	$7.50	89.7%	25.7%	67.4%	51.4%	89.6%	-5.5%	-16.1%	103.3K	-2.8M	-16.8K	0.22	35.05	619	139	24,007	3,458
2024-02-14	$6.79	$7.50	84.0%	24.1%	69.3%	45.3%	85.2%	2.7%	-10.2%	128.4K	-3.9M	-18.8K	0.10	38.48	424	42	24,060	3,543
2024-02-15	$6.71	$7.50	84.8%	24.3%	69.5%	46.1%	87.0%	-2.9%	-11.1%	126.3K	-3.8M	-18.9K	0.05	33.15	763	37	24,283	3,570
2024-02-16	$6.34	$7.50	87.3%	25.0%	72.6%	48.8%	87.6%	2.1%	-11.5%	106.3K	-2.9M	-16.2K	0.01	44.25	1,729	26	24,794	3,572
2024-02-20	$6.25	$7.50	93.3%	26.8%	71.3%	55.4%	95.2%	-7.2%	-36.9%	124.2K	-3.0M	-17.0K	0.02	16.63	1,694	37	26,775	3,495
2024-02-21	$5.96	$7.50	87.9%	25.2%	73.0%	49.5%	95.5%	-3.5%	-5.6%	110.9K	-2.3M	-15.1K	0.04	21.23	2,986	106	28,187	3,527
2024-02-22	$5.89	$7.50	95.2%	27.3%	72.6%	57.3%	99.2%	-2.3%	-7.5%	121.8K	-2.6M	-16.9K	0.04	13.67	2,057	80	30,781	3,625
2024-02-23	$5.69	$7.50	87.6%	25.1%	73.4%	49.2%	88.6%	-1.6%	-11.0%	103.8K	-1.8M	-14.7K	1.65	7.61	710	1,169	32,196	3,672
2024-02-26	$5.69	$7.50	116.2%	33.3%	73.2%	80.2%	122.8%	-29.3%	-61.6%	109.1K	-2.4M	-17.4K	0.07	20.29	2,308	151	32,733	4,721
2024-02-27	$5.72	$7.50	105.6%	30.3%	72.4%	68.6%	107.4%	-9.4%	-26.6%	111.1K	-2.3M	-16.7K	1.39	33.92	867	1,205	34,059	4,807
2024-02-28	$5.78	$7.50	140.9%	40.4%	71.5%	100.0%	132.9%	14.7%	-49.3%	121.8K	-3.3M	-19.7K	1.35	67.54	7,147	9,667	34,811	5,925
2024-02-29	$6.14	$7.50	159.0%	45.6%	70.9%	100.0%	147.6%	11.0%	-59.3%	150.5K	-5.3M	-28.2K	0.27	26.57	17,459	4,752	40,834	13,088