NVTS Options History — July 2025

In July 2025, NVTS traded between $5.86 and $9.02. ATM implied volatility averaged 103.7%, placing in the 38.9% IV rank vs the trailing year. The 30-day expected move averaged 31.5%. IV traded above realized volatility by 9.3% (HV 20d: 94.4%). Max pain ranged from $6.00 to $7.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.25.

Notable Days

2025-07-21: Highest Volume — 239,726 contracts
2025-07-21: Largest IV spike — 28.7% change
2025-07-21: Highest IV Rank — 57.7%
2025-07-21: Largest Expected Move — 39.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$7.09	$5.86	$9.02	$6.28	$7.38
Max Pain	$6.36	$6.00	$7.00	$6.00	$7.00
ATM IV	103.7%	76.1%	133.9%	91.9%	101.9%
Expected Move	31.5%	24.5%	39.9%	25.2%	33.3%
HV 20d	94.4%	69.2%	116.7%	116.7%	108.6%
HV 60d	231.0%	228.3%	234.3%	232.3%	234.1%
IV Rank	38.9%	21.7%	57.7%	31.6%	37.8%
IV Percentile	53.4%	14.3%	90.1%	34.9%	50.4%
Term Structure	-0.7%	-9.8%	14.2%	10.3%	-9.8%
VWIV	112.8%	90.1%	141.2%	90.1%	119.4%
Skew 25d	-11.9%	-22.8%	10.7%	-13.6%	-10.8%
Skew 10d	-12.8%	-50.0%	38.0%	-23.2%	-26.0%
Call IV 25d	114.0%	98.2%	147.8%	99.2%	112.6%
Put IV 25d	102.0%	84.6%	125.3%	85.6%	101.8%
Bid-Ask Spread %	26.39	9.22	51.58	37.02	18.61
Gamma HHI	0.14	0.11	0.19	0.11	0.14
Net GEX	661.3K	372.5K	1.2M	448.2K	591.0K
Net DEX	-67.5M	-132.9M	-31.7M	-42.8M	-67.2M
Net VEX	-272.5K	-342.8K	-217.9K	-236.7K	-323.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.25	0.11	0.43	0.41	0.25
Total Volume	40,621.318	11,684	239,726	27,091	31,222
Total OI	286,310.455	239,466	340,366	258,249	322,188

Daily Data (22 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
2025-07-01	$6.28	$6.00	91.9%	25.2%	116.7%	31.6%	90.1%	-13.6%	10.3%	448.2K	-42.8M	-236.7K	0.41	37.02	19,152	7,939	192,729	65,520
2025-07-02	$6.31	$6.00	88.6%	24.5%	114.2%	29.5%	90.1%	-13.6%	14.2%	484.0K	-44.4M	-240.7K	0.20	32.84	12,059	2,446	198,283	69,096
2025-07-03	$6.44	$6.00	88.4%	29.1%	105.1%	29.4%	104.5%	-8.9%	10.4%	593.8K	-47.5M	-245.7K	0.18	40.37	11,120	1,956	202,070	69,487
2025-07-07	$6.14	$6.00	98.0%	29.1%	99.0%	35.4%	103.5%	-2.1%	-0.1%	413.3K	-40.5M	-230.1K	0.26	29.70	14,613	3,807	189,352	66,292
2025-07-08	$6.53	$6.00	97.2%	29.6%	101.3%	34.8%	103.6%	-10.8%	4.6%	583.4K	-51.4M	-240.5K	0.26	24.83	15,899	4,160	195,588	68,205
2025-07-09	$6.50	$6.00	76.1%	28.2%	84.2%	21.7%	98.0%	-19.4%	0.4%	633.9K	-50.6M	-244.5K	0.14	33.50	12,775	1,846	200,637	70,622
2025-07-10	$6.31	$6.00	92.6%	27.5%	69.2%	32.0%	101.0%	-9.7%	4.8%	606.0K	-45.7M	-239.3K	0.35	41.75	8,629	3,055	204,052	71,160
2025-07-11	$5.87	$6.00	95.4%	28.4%	72.3%	33.8%	97.9%	-10.1%	5.2%	372.5K	-31.7M	-221.3K	0.35	29.86	19,819	6,974	206,272	71,432
2025-07-14	$5.86	$6.00	99.5%	28.7%	72.4%	36.3%	100.6%	-8.4%	-1.0%	398.7K	-34.5M	-217.9K	0.17	9.24	13,590	2,293	196,421	68,306
2025-07-15	$6.28	$6.00	101.1%	29.0%	74.9%	37.3%	104.7%	-9.7%	-1.0%	621.2K	-47.5M	-230.3K	0.16	19.49	27,559	4,381	200,575	68,633
2025-07-16	$6.16	$6.00	102.5%	29.4%	74.9%	38.1%	102.9%	-2.4%	-2.8%	629.8K	-43.3M	-230.6K	0.17	10.55	17,264	2,868	205,241	71,059
2025-07-17	$6.25	$6.00	101.9%	29.6%	73.5%	37.8%	106.4%	-10.2%	-7.8%	682.3K	-45.7M	-233.2K	0.15	31.05	14,126	2,054	206,296	72,008
2025-07-18	$6.84	$6.00	104.0%	30.0%	80.7%	39.1%	109.5%	-11.7%	-1.5%	541.0K	-64.7M	-249.5K	0.11	9.22	39,322	4,366	208,261	72,345
2025-07-21	$8.45	$6.00	133.9%	39.9%	110.5%	57.7%	141.2%	-22.5%	-8.2%	713.3K	-105.2M	-282.3K	0.26	18.62	189,696	50,030	182,040	57,426
2025-07-22	$8.57	$7.00	130.4%	39.3%	106.0%	55.6%	140.3%	-22.8%	-6.3%	871.7K	-111.6M	-337.0K	0.28	19.89	58,471	16,343	228,003	85,944
2025-07-23	$8.74	$7.00	124.6%	37.4%	100.7%	51.9%	133.7%	10.7%	-5.7%	1.0M	-120.7M	-342.8K	0.42	28.57	29,270	12,269	235,482	89,032
2025-07-24	$9.02	$7.00	114.5%	36.3%	100.3%	45.6%	128.8%	-20.5%	-2.7%	1.2M	-132.9M	-341.3K	0.25	20.95	42,643	10,576	238,757	93,832
2025-07-25	$8.82	$7.00	112.1%	34.1%	96.8%	44.2%	121.2%	-17.4%	-4.3%	982.4K	-121.9M	-341.2K	0.22	17.88	29,307	6,306	242,991	97,375
2025-07-28	$8.41	$7.00	115.1%	36.5%	99.1%	46.0%	130.6%	-19.4%	-5.7%	965.0K	-100.8M	-334.0K	0.30	26.90	38,701	11,656	217,518	74,529
2025-07-29	$7.58	$7.00	108.0%	34.3%	107.1%	41.6%	128.7%	-13.6%	-5.6%	731.4K	-74.2M	-324.6K	0.26	28.13	51,862	13,358	230,309	82,283
2025-07-30	$7.16	$7.00	103.6%	32.6%	108.3%	38.9%	124.1%	-15.8%	-1.8%	506.3K	-59.1M	-307.9K	0.43	51.58	19,510	8,377	224,095	87,084
2025-07-31	$7.38	$7.00	101.9%	33.3%	108.6%	37.8%	119.4%	-10.8%	-9.8%	591.0K	-67.2M	-323.8K	0.25	18.61	25,040	6,182	231,704	90,484