NVTS Options History — February 2025

In February 2025, NVTS traded between $2.41 and $3.42. ATM implied volatility averaged 115.0%, placing in the 51.7% IV rank vs the trailing year. The 30-day expected move averaged 33.7%. IV traded above realized volatility by 16.7% (HV 20d: 98.3%). Max pain ranged from $2.50 to $3.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.17.

Notable Days

2025-02-24: Highest Volume — 8,517 contracts
2025-02-25: Largest IV drop — 25.2% change
2025-02-24: Highest IV Rank — 73.4%
2025-02-24: Largest Expected Move — 41.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.93	$2.41	$3.42	$2.92	$2.42
Max Pain	$2.61	$2.50	$3.00	$3.00	$2.50
ATM IV	115.0%	91.0%	145.9%	114.5%	111.4%
Expected Move	33.7%	28.2%	41.8%	32.8%	31.9%
HV 20d	98.3%	81.2%	128.3%	128.3%	102.0%
HV 60d	129.2%	125.2%	132.3%	132.3%	126.1%
IV Rank	51.7%	34.9%	73.4%	51.4%	49.2%
IV Percentile	80.4%	56.0%	96.8%	82.1%	77.4%
Term Structure	-9.5%	-29.2%	20.2%	2.8%	-2.1%
VWIV	118.1%	100.2%	154.2%	116.6%	105.5%
Skew 25d	-5.5%	-25.3%	11.7%	-7.4%	6.1%
Skew 10d	10.8%	-25.0%	47.4%	14.3%	32.1%
Call IV 25d	123.0%	101.4%	156.6%	120.0%	103.5%
Put IV 25d	117.5%	87.6%	150.8%	112.7%	109.5%
Bid-Ask Spread %	29.58	12.01	40.94	21.59	30.54
Gamma HHI	0.18	0.15	0.24	0.15	0.24
Net GEX	98.7K	45.5K	156.1K	103.7K	47.1K
Net DEX	-7.1M	-11.1M	-3.2M	-7.4M	-3.6M
Net VEX	-37.5K	-44.4K	-27.1K	-41.3K	-28.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.17	0.01	0.47	0.19	0.17
Total Volume	3,186.105	790	8,517	1,695	1,129
Total OI	90,231.632	77,751	94,580	90,660	85,141

Daily Data (19 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
2025-02-03	$2.92	$3.00	114.5%	32.8%	128.3%	51.4%	116.6%	-7.4%	2.8%	103.7K	-7.4M	-41.3K	0.19	21.59	1,421	274	82,875	7,785
2025-02-04	$3.00	$3.00	106.7%	30.6%	117.7%	45.9%	111.6%	-11.1%	11.9%	107.9K	-7.6M	-41.7K	0.27	12.24	621	169	82,758	7,721
2025-02-05	$3.16	$3.00	98.4%	28.2%	115.6%	40.1%	107.8%	-25.3%	20.2%	124.8K	-9.0M	-44.4K	0.01	28.13	4,310	62	82,925	7,865
2025-02-06	$3.04	$2.50	102.5%	33.2%	111.6%	42.9%	116.0%	-4.7%	-11.0%	115.2K	-8.4M	-43.4K	0.14	36.98	1,051	151	86,075	7,865
2025-02-07	$2.98	$2.50	91.0%	31.3%	103.3%	34.9%	112.0%	-11.1%	-1.5%	107.3K	-7.5M	-41.1K	0.06	40.94	2,041	114	85,748	7,932
2025-02-10	$2.92	$2.50	96.6%	32.7%	102.3%	38.8%	116.2%	0.4%	-11.9%	106.6K	-7.2M	-39.1K	0.09	40.60	1,385	131	85,059	7,793
2025-02-11	$2.79	$2.50	109.7%	31.4%	97.8%	48.0%	110.2%	-7.8%	-9.4%	89.3K	-6.0M	-36.2K	0.13	34.59	5,817	731	85,119	7,855
2025-02-12	$2.84	$2.50	107.4%	30.8%	96.6%	46.4%	100.2%	-4.2%	-3.1%	88.1K	-6.1M	-35.9K	0.17	38.14	852	144	84,300	8,575
2025-02-13	$2.88	$2.50	108.9%	31.2%	81.7%	47.4%	114.5%	-4.3%	-6.7%	83.7K	-5.9M	-34.1K	0.03	25.93	1,495	46	84,661	8,421
2025-02-14	$3.00	$2.50	112.1%	32.1%	82.3%	49.7%	109.2%	-8.5%	-6.5%	105.6K	-7.4M	-38.2K	0.11	40.22	1,678	180	85,332	8,448
2025-02-18	$3.30	$2.50	129.4%	37.1%	89.5%	61.8%	125.8%	-1.7%	-22.9%	142.9K	-10.1M	-41.9K	0.16	33.02	5,605	911	85,937	8,551
2025-02-19	$3.42	$2.50	136.9%	39.2%	85.3%	67.1%	140.3%	-15.2%	-29.2%	156.1K	-11.1M	-43.3K	0.13	34.44	2,074	260	86,067	8,359
2025-02-20	$3.42	$2.50	142.6%	40.9%	81.2%	71.1%	131.2%	-8.2%	-27.0%	153.2K	-10.9M	-43.1K	0.08	31.21	1,200	101	86,112	8,468
2025-02-21	$3.20	$2.50	133.9%	38.4%	84.5%	65.0%	141.8%	-8.2%	-23.0%	106.2K	-9.0M	-39.6K	0.25	35.82	2,318	584	85,943	8,477
2025-02-24	$2.95	$2.50	145.9%	41.8%	87.5%	73.4%	154.2%	-5.8%	-27.0%	91.4K	-6.9M	-36.2K	0.47	12.01	5,777	2,740	70,430	7,321
2025-02-25	$2.42	$3.00	109.2%	31.3%	98.0%	47.6%	113.0%	11.7%	-5.8%	46.6K	-3.2M	-27.1K	0.47	15.60	5,513	2,565	72,777	8,453
2025-02-26	$2.56	$2.50	113.8%	32.6%	100.5%	50.9%	117.2%	1.2%	-18.2%	54.2K	-3.9M	-29.0K	0.30	20.86	2,610	783	73,447	9,269
2025-02-27	$2.41	$2.50	113.9%	32.7%	102.1%	51.0%	101.5%	-1.2%	-9.5%	45.5K	-3.4M	-28.2K	0.04	29.17	3,566	127	74,795	9,742
2025-02-28	$2.42	$2.50	111.4%	31.9%	102.0%	49.2%	105.5%	6.1%	-2.1%	47.1K	-3.6M	-28.3K	0.17	30.54	968	161	75,431	9,710