NVTS Options History — March 2024

In March 2024, NVTS traded between $4.29 and $5.75. ATM implied volatility averaged 82.0%, placing in the 34.0% IV rank vs the trailing year. The 30-day expected move averaged 21.9%. IV traded above realized volatility by 5.8% (HV 20d: 76.1%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.22.

Notable Days

2024-03-01: Highest Volume — 19,596 contracts
2024-03-11: Largest IV spike — 30.1% change
2024-03-04: Highest IV Rank — 58.8%
2024-03-01: Largest Expected Move — 26.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.91	$4.29	$5.75	$5.59	$4.76
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	82.0%	66.9%	110.9%	92.8%	68.0%
Expected Move	21.9%	19.2%	26.6%	26.6%	19.5%
HV 20d	76.1%	71.5%	83.3%	78.8%	76.3%
HV 60d	63.5%	59.3%	66.5%	59.3%	66.1%
IV Rank	34.0%	21.1%	58.8%	43.4%	22.1%
IV Percentile	65.6%	35.3%	96.4%	89.3%	38.5%
Term Structure	9.5%	-9.7%	86.6%	-9.7%	14.2%
VWIV	77.6%	65.1%	105.8%	105.8%	68.2%
Skew 25d	3.1%	-18.3%	24.4%	-18.3%	2.8%
Skew 10d	22.2%	-9.4%	80.9%	0.4%	2.0%
Call IV 25d	76.3%	55.6%	110.4%	110.4%	76.5%
Put IV 25d	79.5%	48.7%	105.1%	92.1%	79.3%
Bid-Ask Spread %	54.70	30.00	73.85	30.00	62.86
Gamma HHI	0.47	0.33	0.72	0.47	0.35
Net GEX	-4.1K	-179.1K	63.4K	48.3K	63.4K
Net DEX	-518.6K	-4.0M	5.1M	-1.7M	-2.4M
Net VEX	-17.8K	-24.4K	-11.8K	-22.4K	-18.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.22	0.00	0.91	0.06	0.09
Total Volume	2,303.65	327	19,596	19,596	1,895
Total OI	53,549.2	26,146	76,765	69,117	31,885

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
2024-03-01	$5.59	$5.00	92.8%	26.6%	78.8%	43.4%	105.8%	-18.3%	-9.7%	48.3K	-1.7M	-22.4K	0.06	30.00	18,507	1,089	51,448	17,669
2024-03-04	$5.75	$5.00	110.9%	24.6%	79.4%	58.8%	82.0%	2.9%	-2.7%	55.7K	-4.0M	-19.5K	0.06	53.01	4,504	253	56,029	17,783
2024-03-05	$5.36	$5.00	96.3%	23.0%	83.3%	46.3%	83.5%	21.4%	-1.1%	-19.4K	-829.8K	-24.0K	0.09	37.49	1,199	112	55,657	17,933
2024-03-06	$5.33	$5.00	90.2%	21.1%	82.9%	41.1%	76.8%	1.8%	9.1%	-45.3K	-735.1K	-23.2K	0.34	73.85	1,136	390	55,476	17,870
2024-03-07	$5.39	$5.00	98.5%	23.2%	83.0%	48.2%	82.4%	1.2%	5.9%	-20.6K	-1.5M	-24.4K	0.04	67.07	697	29	56,019	17,864
2024-03-08	$4.88	$5.00	79.5%	23.1%	77.4%	31.9%	83.4%	1.6%	-4.0%	-128.2K	2.3M	-19.3K	0.36	43.63	1,877	668	56,066	17,863
2024-03-11	$5.13	$5.00	103.4%	23.2%	76.5%	52.4%	82.4%	3.7%	1.4%	-113.8K	-96.3K	-20.8K	0.36	43.09	819	293	57,498	17,529
2024-03-12	$5.17	$5.00	94.4%	22.3%	76.0%	44.7%	76.5%	21.1%	-1.0%	-150.3K	-558.0K	-20.4K	0.43	63.32	228	99	57,915	17,738
2024-03-13	$5.17	$5.00	76.8%	22.0%	73.0%	29.6%	77.8%	0.1%	-3.0%	-179.1K	-710.7K	-19.1K	0.11	48.67	592	68	57,989	17,764
2024-03-14	$4.71	$5.00	73.7%	21.1%	72.9%	26.9%	78.2%	24.4%	86.6%	37.2K	5.1M	-14.5K	0.24	57.64	984	240	58,146	17,689
2024-03-15	$4.67	$5.00	76.9%	22.0%	72.9%	29.7%	78.1%	9.0%	-1.4%	39.8K	4.8M	-15.2K	0.25	55.49	739	183	59,023	17,742
2024-03-18	$4.70	$5.00	66.9%	19.2%	71.9%	21.1%	68.0%	7.7%	29.3%	41.1K	-1.3M	-14.7K	0.00	47.88	1,291	4	21,771	4,375
2024-03-19	$4.76	$5.00	71.0%	20.4%	72.6%	24.7%	74.0%	3.0%	5.3%	44.2K	-1.5M	-15.2K	0.43	53.50	278	119	22,064	4,278
2024-03-20	$4.70	$5.00	78.5%	22.5%	71.5%	31.1%	76.7%	-9.6%	4.9%	44.2K	-1.5M	-15.1K	0.20	63.53	389	76	22,185	4,237
2024-03-21	$4.54	$5.00	71.9%	20.6%	72.0%	25.4%	72.7%	-8.0%	4.8%	38.7K	-1.1M	-13.1K	0.11	53.31	448	48	22,397	4,302
2024-03-22	$4.29	$5.00	74.2%	21.3%	73.3%	27.4%	73.6%	3.0%	4.5%	33.4K	-735.1K	-11.8K	0.91	58.58	1,149	1,043	22,716	4,301
2024-03-25	$4.44	$5.00	77.7%	22.3%	75.1%	30.4%	73.3%	18.6%	28.6%	37.8K	-1.2M	-14.7K	0.06	61.26	1,785	104	23,393	5,205
2024-03-26	$4.33	$5.00	69.5%	19.9%	74.9%	23.4%	73.9%	-11.2%	6.8%	39.9K	-933.7K	-14.1K	0.13	63.28	1,135	144	24,947	5,308
2024-03-27	$4.58	$5.00	68.1%	19.5%	78.6%	22.2%	65.1%	-12.4%	10.5%	52.0K	-1.7M	-16.9K	0.12	56.60	1,303	156	25,528	5,382
2024-03-28	$4.76	$5.00	68.0%	19.5%	76.3%	22.1%	68.2%	2.8%	14.2%	63.4K	-2.4M	-18.4K	0.09	62.86	1,733	162	26,378	5,507