NVTS Options History — March 2025

In March 2025, NVTS traded between $1.83 and $2.67. ATM implied volatility averaged 103.8%, placing in the 43.9% IV rank vs the trailing year. The 30-day expected move averaged 30.4%. IV traded below realized volatility by 16.7% (HV 20d: 120.6%). Max pain ranged from $1.50 to $2.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.50.

Notable Days

  • 2025-03-05: Highest Volume — 4,889 contracts
  • 2025-03-11: Largest IV drop — 16.1% change
  • 2025-03-03: Highest IV Rank — 61.8%
  • 2025-03-03: Largest Expected Move — 37.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.35$1.83$2.67$2.26$2.04
Max Pain$2.25$1.50$2.50$2.50$2.00
ATM IV103.8%86.0%129.3%129.3%100.1%
Expected Move30.4%21.4%37.1%37.1%30.2%
HV 20d120.6%103.1%136.3%103.1%120.0%
HV 60d121.0%112.4%127.4%125.4%115.5%
IV Rank43.9%31.4%61.8%61.8%41.3%
IV Percentile65.9%41.7%90.5%90.5%62.7%
Term Structure0.8%-25.5%9.9%-25.5%5.3%
VWIV104.9%77.5%129.2%129.2%95.7%
Skew 25d0.7%-19.3%44.0%-15.0%44.0%
Skew 10d15.9%-5.5%43.2%13.4%29.7%
Call IV 25d102.2%55.6%134.9%134.9%55.6%
Put IV 25d102.9%77.9%122.2%119.9%99.6%
Bid-Ask Spread %38.048.1385.8912.7529.17
Gamma HHI0.230.200.250.210.20
Net GEX47.4K26.8K63.2K43.4K38.0K
Net DEX-3.6M-5.2M-1.7M-3.0M-2.4M
Net VEX-28.2K-32.4K-20.2K-26.4K-23.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.023.900.120.02
Total Volume1,554.4294614,8899553,247
Total OI78,207.23846,88393,48985,61149,921

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$2.26$2.50129.3%37.1%103.1%61.8%129.2%-15.0%-25.5%43.4K-3.0M-26.4K0.1212.7585510075,8449,767
2025-03-04$2.48$2.50117.0%33.5%108.9%53.1%111.4%10.6%-8.7%49.3K-3.7M-28.2K0.0930.122,04517575,7249,700
2025-03-05$2.65$2.50120.1%34.4%111.4%55.3%116.4%2.2%-2.5%63.2K-4.7M-30.4K0.0822.774,54234775,5649,729
2025-03-06$2.51$2.50117.6%33.7%110.5%53.5%113.8%-7.7%-3.1%54.9K-4.3M-32.4K0.2321.0658913779,5919,901
2025-03-07$2.50$2.50115.8%33.2%110.0%52.3%108.8%-1.8%-1.7%57.6K-4.3M-32.0K0.0739.669576780,0339,874
2025-03-10$2.25$2.50121.3%34.8%115.1%56.1%123.5%-13.9%-5.1%43.4K-3.1M-28.0K1.8331.3152295680,3109,874
2025-03-11$2.56$2.50101.8%34.1%125.8%42.4%119.4%6.0%4.8%60.6K-4.7M-32.1K1.3120.3160078480,4989,861
2025-03-12$2.46$2.50100.9%36.8%125.5%41.9%116.9%2.7%8.0%54.5K-4.1M-30.9K0.269.741,15229980,5669,606
2025-03-13$2.25$2.50108.6%23.0%128.5%47.2%98.7%-8.4%-5.6%42.0K-3.0M-27.6K0.118.134625081,1759,671
2025-03-14$2.50$2.50103.2%31.2%134.9%43.5%105.6%-9.3%0.2%54.4K-4.4M-30.6K0.0525.893,67018881,1869,443
2025-03-17$2.67$2.00102.4%29.7%136.3%42.9%100.7%-11.7%-0.3%51.9K-5.2M-32.1K0.1538.2990613583,0099,469
2025-03-18$2.50$2.00101.0%30.2%132.4%41.9%106.4%7.3%3.2%56.3K-4.4M-30.8K3.9039.149436783,2399,725
2025-03-19$2.54$2.00101.5%30.2%131.6%42.3%104.9%12.5%9.0%55.9K-4.4M-30.7K1.0736.7236739283,24110,035
2025-03-20$2.34$0.0095.2%23.9%133.6%37.8%77.5%5.7%8.7%42.5K-3.2M-27.7K0.2985.8960617683,38710,102
2025-03-21$2.33$1.5092.7%29.3%132.5%36.1%102.5%-2.0%9.1%42.9K-3.4M-27.8K0.4061.451,79172483,6438,876
2025-03-24$2.29$2.5086.0%27.0%130.2%31.4%99.4%13.9%9.9%43.7K-3.1M-26.5K0.1247.641,39417341,0345,849
2025-03-25$2.21$2.0092.8%25.2%110.9%36.2%81.8%3.5%-0.5%40.9K-2.9M-25.7K0.0548.046213241,6605,891
2025-03-26$2.13$2.0088.4%21.4%109.0%33.1%95.0%-2.1%4.7%37.9K-2.7M-25.2K0.0776.809776742,0165,906
2025-03-27$2.05$2.0088.1%28.3%107.9%32.9%89.3%-19.3%-3.1%36.3K-2.4M-23.5K0.1463.564746442,5955,915
2025-03-28$1.83$2.0097.1%30.4%114.1%39.2%106.6%-3.5%8.9%26.8K-1.7M-20.2K0.2050.311,28325642,9875,935
2025-03-31$2.04$2.00100.1%30.2%120.0%41.3%95.7%44.0%5.3%38.0K-2.4M-23.3K0.0229.173,1816643,8626,059