NVTS Options History — May 2024

In May 2024, NVTS traded between $3.54 and $4.79. ATM implied volatility averaged 85.8%, placing in the 37.3% IV rank vs the trailing year. The 30-day expected move averaged 22.0%. IV traded above realized volatility by 16.1% (HV 20d: 69.7%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.29.

Notable Days

  • 2024-05-09: Highest Volume — 7,097 contracts
  • 2024-05-10: Largest IV drop — 42.0% change
  • 2024-05-09: Highest IV Rank — 82.6%
  • 2024-05-03: Largest Expected Move — 29.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.06$3.54$4.79$4.30$3.91
Max Pain$4.86$4.00$5.00$4.00$5.00
ATM IV85.8%63.3%138.7%92.8%75.6%
Expected Move22.0%18.1%29.2%26.6%21.7%
HV 20d69.7%60.7%77.5%65.6%74.3%
HV 60d68.1%64.9%71.9%70.9%67.7%
IV Rank37.3%18.0%82.6%43.4%28.6%
IV Percentile64.2%20.6%99.2%86.1%56.7%
Term Structure2.2%-28.5%88.6%-3.1%12.4%
VWIV78.1%64.0%104.0%91.2%80.3%
Skew 25d-6.1%-21.5%22.6%3.3%-13.5%
Skew 10d-8.0%-41.6%38.3%2.9%-19.1%
Call IV 25d78.6%65.4%95.2%90.4%87.6%
Put IV 25d72.5%58.5%103.1%93.6%74.2%
Bid-Ask Spread %45.4326.4277.2777.2744.82
Gamma HHI0.440.360.540.460.54
Net GEX79.0K21.6K144.2K108.5K44.9K
Net DEX-2.1M-5.3M-317.6K-2.9M-1.5M
Net VEX-14.0K-18.4K-10.7K-13.9K-15.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.011.060.100.56
Total Volume1,377.6821327,097132456
Total OI40,108.68235,60248,70536,15940,177

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$4.30$4.0092.8%26.6%65.6%43.4%91.2%3.3%-3.1%108.5K-2.9M-13.9K0.1077.271201231,9524,207
2024-05-02$4.36$4.0096.6%27.7%65.3%46.6%87.0%0.3%-16.1%110.3K-3.1M-14.0K0.0262.67337831,9424,217
2024-05-03$4.61$4.00101.7%29.2%68.1%50.9%104.0%22.6%-28.5%128.8K-4.0M-15.4K0.0960.211,0989632,0814,217
2024-05-06$4.79$5.00111.4%23.7%69.4%59.3%86.5%-5.9%-5.8%142.7K-4.9M-16.4K0.2042.8950210232,5584,290
2024-05-07$4.67$5.00117.7%23.3%69.5%64.6%90.7%-3.6%-2.3%134.9K-4.5M-15.6K0.2238.3359913432,7904,286
2024-05-08$4.63$5.00120.5%24.1%60.8%67.1%83.6%-0.7%-2.8%134.9K-4.3M-14.8K0.0337.253,32910732,4914,312
2024-05-09$4.67$5.00138.7%25.1%60.7%82.6%87.4%1.6%-4.6%144.2K-5.3M-18.4K0.1552.526,15294535,5884,403
2024-05-10$4.11$5.0080.4%20.2%76.3%32.7%70.1%-5.2%2.8%119.4K-2.3M-15.0K1.0640.121,6091,71241,4925,039
2024-05-13$3.92$5.0088.5%20.2%77.5%39.7%69.8%-8.2%4.3%84.7K-1.2M-13.5K0.0526.422,19710341,5996,302
2024-05-14$4.00$5.0094.3%21.6%76.7%44.6%72.8%-0.3%-1.4%94.3K-1.5M-14.5K0.6642.6030520041,8886,328
2024-05-15$3.96$5.0069.5%19.9%76.6%23.4%69.7%-6.0%4.4%92.1K-1.4M-14.0K0.2236.522415342,0736,407
2024-05-16$3.94$5.0070.4%20.2%76.3%24.1%70.8%-5.8%88.6%122.6K-1.3M-14.0K0.0940.081841642,1346,455
2024-05-17$3.79$5.0063.3%18.1%74.9%18.0%64.0%-13.5%-10.7%29.8K-317.6K-12.4K0.5464.8892749842,2436,462
2024-05-20$3.79$5.0071.8%20.6%74.7%25.3%74.3%-15.1%-15.0%32.9K-784.6K-12.6K0.0230.69438930,3625,240
2024-05-21$3.75$5.0064.0%18.4%72.3%18.7%66.9%-13.3%-10.5%29.8K-686.0K-12.2K0.1029.272412330,6055,267
2024-05-22$3.77$5.0070.9%20.3%66.1%24.5%79.3%-16.4%6.0%32.3K-884.1K-13.2K0.0139.172,3522930,7745,281
2024-05-23$3.59$5.0072.5%20.8%67.9%25.9%73.7%-21.5%32.9%27.4K-1.2M-13.5K0.8552.9220917731,6845,307
2024-05-24$3.71$5.0068.5%19.6%62.3%22.5%72.3%-17.9%5.0%30.6K-760.1K-12.8K0.6040.4342125331,6755,481
2024-05-28$3.63$5.0074.6%21.4%62.3%27.7%74.6%0.3%3.8%28.2K-615.6K-11.9K0.4545.4835115831,7525,733
2024-05-29$3.54$5.0069.7%20.0%62.0%23.6%69.7%-5.6%-16.7%21.6K-412.7K-10.7K0.1248.911441731,8515,789
2024-05-30$3.94$5.0073.9%21.2%74.6%27.1%79.8%-10.2%6.6%42.1K-1.3M-13.7K0.1646.022,97347231,8535,804
2024-05-31$3.91$5.0075.6%21.7%74.3%28.6%80.3%-13.5%12.4%44.9K-1.5M-15.4K0.5644.8229216433,9866,191