NVTS Options History — January 2025

In January 2025, NVTS traded between $2.96 and $4.29. ATM implied volatility averaged 114.4%, placing in the 51.3% IV rank vs the trailing year. The 30-day expected move averaged 30.4%. IV traded below realized volatility by 27.8% (HV 20d: 142.2%). Max pain ranged from $2.00 to $3.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.14.

Notable Days

  • 2025-01-06: Highest Volume — 11,256 contracts
  • 2025-01-15: Largest IV drop — 29.5% change
  • 2025-01-13: Highest IV Rank — 76.4%
  • 2025-01-03: Largest Expected Move — 34.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.37$2.96$4.29$3.48$3.08
Max Pain$2.95$2.00$3.00$3.00$3.00
ATM IV114.4%97.6%150.2%119.9%102.9%
Expected Move30.4%28.0%34.5%34.4%29.5%
HV 20d142.2%122.0%153.2%145.6%127.3%
HV 60d127.4%116.0%133.7%116.0%131.8%
IV Rank51.3%39.5%76.4%55.2%43.3%
IV Percentile82.7%70.6%97.2%88.5%75.4%
Term Structure6.4%-8.2%11.8%-6.5%7.6%
VWIV109.1%98.8%124.7%124.6%108.3%
Skew 25d-4.1%-22.2%7.5%-2.4%1.1%
Skew 10d-0.8%-55.3%46.5%-55.3%24.0%
Call IV 25d112.0%101.4%132.4%130.5%108.5%
Put IV 25d107.9%87.2%128.0%128.0%109.6%
Bid-Ask Spread %23.8112.0640.6221.9620.90
Gamma HHI0.150.140.160.140.15
Net GEX144.4K108.2K196.1K143.7K117.9K
Net DEX-11.6M-21.2M-7.7M-13.2M-8.4M
Net VEX-50.8K-62.5K-43.1K-55.5K-44.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.140.040.360.260.21
Total Volume3,019.533211,2561,6412,174
Total OI92,642.7584,280102,51789,36390,125

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$3.48$3.00119.9%34.4%145.6%55.2%124.6%-2.4%-6.5%143.7K-13.2M-55.5K0.2621.961,30333880,0099,354
2025-01-03$3.98$3.00120.5%34.5%152.4%55.6%124.7%-4.6%-8.2%173.7K-17.7M-60.4K0.1714.713,12151580,1679,484
2025-01-06$4.29$2.00137.4%32.3%142.8%67.4%112.9%3.4%4.4%191.8K-21.2M-62.5K0.1033.5310,27398381,2529,570
2025-01-07$3.88$3.00128.5%30.7%147.7%61.2%112.4%-1.8%9.1%196.1K-17.3M-61.5K0.1639.961,86029387,49110,071
2025-01-08$3.42$3.00126.1%30.1%146.1%59.5%110.1%-5.3%6.6%165.4K-12.7M-54.2K0.1031.335,41555687,56210,195
2025-01-10$3.26$3.00116.9%30.3%146.3%53.1%108.9%-10.4%6.5%148.8K-10.8M-50.9K0.1626.982,44338686,99410,392
2025-01-13$2.96$3.00150.2%29.7%148.7%76.4%105.8%-14.0%10.1%121.6K-8.1M-44.5K0.1927.962,32645387,43310,476
2025-01-14$3.09$3.00143.2%30.2%144.2%71.5%109.4%-9.2%8.4%138.9K-9.1M-46.1K0.0816.431,36010888,32210,440
2025-01-15$3.54$3.00101.0%28.9%152.2%41.9%111.8%-1.1%11.0%174.6K-13.3M-52.7K0.0723.275,62938488,70510,382
2025-01-16$3.37$3.00113.5%32.5%150.4%50.7%110.5%7.5%1.8%165.0K-11.9M-52.2K0.3624.721,22744191,54210,517
2025-01-17$3.30$3.00100.1%28.7%150.6%41.3%105.6%-22.2%5.4%128.5K-11.0M-50.2K0.1112.061,73719791,86810,649
2025-01-21$3.58$3.00103.7%29.7%153.2%43.8%107.2%-7.6%8.2%151.5K-12.2M-53.2K0.0515.873,35118077,8746,406
2025-01-22$3.33$3.00104.7%30.0%146.9%44.5%106.7%-3.5%2.8%134.1K-10.5M-50.3K0.1119.462,14524279,2806,490
2025-01-23$3.37$3.0099.9%28.6%141.8%41.1%102.6%-1.2%10.6%139.2K-10.5M-50.1K0.0415.201,4076279,5146,659
2025-01-24$3.50$3.0097.6%28.0%122.0%39.5%98.8%-1.2%8.7%153.0K-11.6M-52.0K0.1121.223,47738079,9486,716
2025-01-27$3.00$3.00104.3%29.9%132.0%44.2%105.8%1.8%11.8%111.6K-8.0M-43.8K0.1514.962,85444281,8206,950
2025-01-28$3.04$3.00109.6%31.4%131.1%48.0%108.1%-0.7%8.8%112.3K-8.0M-43.4K0.2140.621,26826581,4177,260
2025-01-29$2.98$3.00104.8%30.0%131.1%44.5%103.3%1.7%9.8%108.2K-7.7M-43.1K0.2029.632765682,2357,486
2025-01-30$3.01$3.00102.1%29.3%131.3%42.7%104.8%-12.3%11.7%112.1K-7.9M-43.6K0.0525.524422182,2937,507
2025-01-31$3.08$3.00102.9%29.5%127.3%43.3%108.3%1.1%7.6%117.9K-8.4M-44.8K0.2120.901,79937582,6277,498