NVTS Options History — May 2025

In May 2025, NVTS traded between $1.90 and $6.49. ATM implied volatility averaged 115.5%, placing in the 49.6% IV rank vs the trailing year. The 30-day expected move averaged 31.9%. IV traded below realized volatility by 39.3% (HV 20d: 154.8%). Max pain ranged from $1.50 to $4.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.23.

Notable Days

  • 2025-05-27: Highest Volume — 201,217 contracts
  • 2025-05-22: Largest IV spike — 171.2% change
  • 2025-05-22: Highest IV Rank — 100.0%
  • 2025-05-27: Largest Expected Move — 57.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.99$1.90$6.49$1.94$5.11
Max Pain$2.19$1.50$4.50$2.00$4.50
ATM IV115.5%71.4%201.8%125.2%124.0%
Expected Move31.9%20.5%57.8%35.9%35.6%
HV 20d154.8%56.1%376.3%107.6%376.3%
HV 60d142.5%98.3%235.0%108.7%235.0%
IV Rank49.6%21.1%100.0%58.9%51.6%
IV Percentile60.2%16.3%100.0%87.7%83.3%
Term Structure-8.9%-35.8%12.3%-30.8%-10.0%
VWIV114.4%71.3%209.3%125.2%142.2%
Skew 25d-13.2%-45.6%16.4%16.4%-29.1%
Skew 10d-3.6%-75.1%64.2%29.8%-59.6%
Call IV 25d120.8%73.3%239.5%89.9%149.0%
Put IV 25d107.6%55.8%196.2%106.3%119.8%
Bid-Ask Spread %44.078.1579.5731.6014.21
Gamma HHI0.190.140.260.180.16
Net GEX107.9K38.9K361.2K42.0K361.2K
Net DEX-13.5M-56.5M-2.3M-2.7M-37.4M
Net VEX-50.9K-149.0K-22.4K-24.5K-149.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.230.020.970.970.26
Total Volume29,202.381124201,21750747,920
Total OI86,925.8155,643217,21455,643217,214

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$1.94$2.00125.2%35.9%107.6%58.9%125.2%16.4%-30.8%42.0K-2.7M-24.5K0.9731.6025824950,3685,275
2025-05-02$2.04$2.00117.9%33.8%95.3%53.8%117.5%-29.5%-28.4%44.7K-3.0M-25.5K0.0630.068364750,5235,270
2025-05-05$2.01$2.00144.3%29.2%91.9%72.3%102.8%3.3%-6.9%44.7K-2.9M-25.1K0.2464.9163715150,6035,282
2025-05-06$1.92$1.5091.5%26.1%91.0%35.3%90.4%12.1%0.8%42.3K-2.4M-22.9K0.1271.521,09412851,1075,446
2025-05-07$1.96$1.5073.7%21.4%88.3%22.8%73.6%-28.3%-6.9%48.7K-2.4M-22.6K0.1179.571121251,7075,363
2025-05-08$1.94$1.5092.5%23.9%66.7%36.0%92.6%6.5%2.1%45.8K-2.4M-22.8K0.8070.1018214651,7175,354
2025-05-09$1.90$1.50109.6%24.2%56.1%47.9%86.3%0.4%0.2%43.2K-2.3M-22.4K0.1858.372334251,8675,294
2025-05-12$2.04$1.5096.4%23.0%59.3%38.7%73.1%-1.1%3.9%52.6K-2.9M-24.3K0.0758.981,47510851,9115,300
2025-05-13$2.15$1.5072.4%21.6%59.5%21.8%80.2%0.8%9.5%56.7K-3.4M-25.6K0.0359.078162452,2345,340
2025-05-14$2.08$1.5081.7%23.4%61.4%28.4%79.1%-1.1%0.8%63.3K-3.1M-24.3K0.0359.955321452,5035,348
2025-05-15$2.06$1.5083.0%23.8%60.6%29.3%77.4%-0.6%-2.2%63.0K-3.0M-24.5K0.1460.312132952,6015,344
2025-05-16$2.08$1.5088.2%25.3%56.6%32.9%86.0%6.8%-8.6%42.7K-3.3M-24.8K0.0252.809,81417852,5525,310
2025-05-19$2.01$1.5079.3%22.7%58.1%26.6%85.3%-15.1%2.0%44.8K-2.9M-26.4K0.1352.1880710457,0534,838
2025-05-20$1.98$1.5075.7%21.7%58.3%24.1%79.9%-17.8%11.3%42.7K-2.7M-25.8K0.3949.8444117157,4324,935
2025-05-21$1.92$1.5071.4%20.5%58.6%21.1%71.3%-24.4%12.3%38.9K-2.6M-25.4K0.0252.889,10122157,6685,093
2025-05-22$5.01$1.50193.7%55.5%344.9%100.0%197.7%-27.0%-31.3%95.0K-24.6M-59.0K0.3314.3692,49330,95061,5265,248
2025-05-23$4.47$3.50163.2%46.8%349.2%80.0%170.5%-28.2%-20.3%174.8K-26.1M-92.3K0.3513.5135,97412,706102,89127,353
2025-05-27$6.49$3.50201.8%57.8%368.0%100.0%209.3%-43.5%-35.8%241.7K-56.5M-111.5K0.178.73172,69528,522116,40332,049
2025-05-28$6.21$4.50194.0%55.6%368.7%95.2%200.1%-45.6%-32.6%328.0K-55.9M-145.1K0.248.1563,33815,112144,57043,284
2025-05-29$5.38$4.50146.1%41.9%374.7%65.3%161.4%-32.5%-16.9%349.6K-41.5M-146.2K0.2114.3170,37514,990156,37547,891
2025-05-30$5.11$4.50124.0%35.6%376.3%51.6%142.2%-29.1%-10.0%361.2K-37.4M-149.0K0.2614.2138,1299,791166,74750,467