NVTS Options History — September 2025

In September 2025, NVTS traded between $5.54 and $7.20. ATM implied volatility averaged 89.2%, placing in the 25.4% IV rank vs the trailing year. The 30-day expected move averaged 25.7%. IV traded above realized volatility by 33.7% (HV 20d: 55.5%). Max pain ranged from $6.00 to $6.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.28.

Notable Days

  • 2025-09-17: Highest Volume — 109,952 contracts
  • 2025-09-17: Largest IV spike — 13.8% change
  • 2025-09-22: Highest IV Rank — 36.6%
  • 2025-09-22: Largest Expected Move — 30.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.29$5.54$7.20$5.75$7.20
Max Pain$6.12$6.00$6.50$6.50$6.50
ATM IV89.2%75.6%104.7%80.9%97.4%
Expected Move25.7%21.9%30.0%23.6%29.2%
HV 20d55.5%43.7%88.5%88.5%68.3%
HV 60d91.3%88.6%99.8%99.8%91.6%
IV Rank25.4%17.6%36.6%21.1%20.1%
IV Percentile28.8%5.6%57.1%15.5%39.3%
Term Structure1.3%-2.4%12.5%1.3%12.5%
VWIV96.6%79.5%118.5%90.2%108.1%
Skew 25d-12.1%-20.2%-2.9%-2.9%-16.9%
Skew 10d-21.8%-55.4%24.4%-24.6%8.9%
Call IV 25d100.1%82.2%119.7%86.0%112.6%
Put IV 25d88.0%77.6%101.3%83.1%95.7%
Bid-Ask Spread %32.669.3954.8046.1845.04
Gamma HHI0.170.100.550.110.19
Net GEX874.4K276.3K2.9M345.2K1.4M
Net DEX-65.6M-108.9M-31.9M-37.0M-108.9M
Net VEX-350.9K-440.7K-278.1K-290.6K-440.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.280.070.460.360.38
Total Volume39,821.23810,846109,95221,71634,049
Total OI348,052.714298,940428,476298,940381,151

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-09-02$5.75$6.5080.9%23.6%88.5%21.1%90.2%-2.9%1.3%345.2K-37.0M-290.6K0.3646.1815,9795,737228,24470,696
2025-09-03$5.71$6.5078.9%22.5%58.4%19.8%89.4%-11.0%2.4%392.9K-36.0M-288.1K0.1943.0711,2772,091234,18771,984
2025-09-04$5.58$6.0076.3%21.9%57.8%18.1%85.3%-8.2%2.8%381.6K-32.2M-280.3K0.4012.247,7733,073239,14972,845
2025-09-05$5.54$6.0075.6%22.2%51.2%17.6%83.3%-5.2%-1.2%276.3K-31.9M-280.9K0.459.3910,1254,538241,98073,575
2025-09-08$5.58$6.0078.0%23.0%50.5%19.2%82.9%-6.5%0.0%350.6K-32.9M-278.1K0.359.7214,7105,151232,57271,692
2025-09-09$5.74$6.0079.1%22.5%52.2%19.9%82.0%-4.3%-1.0%416.6K-37.4M-287.6K0.4610.5610,7124,875238,16377,289
2025-09-10$5.67$6.0079.5%22.3%44.8%20.2%79.5%-8.9%-1.3%456.2K-36.7M-286.4K0.2611.3616,1044,234243,91376,213
2025-09-11$6.04$6.0081.4%23.3%44.1%21.4%84.0%-6.6%0.2%785.3K-51.8M-313.0K0.1614.6332,7305,165250,21377,238
2025-09-12$6.20$6.0082.5%23.6%44.9%22.2%85.1%-8.7%-0.3%662.1K-59.8M-323.9K0.2113.3027,0495,597262,41478,421
2025-09-15$6.08$6.0082.5%23.6%43.7%22.1%86.7%-7.3%0.2%680.3K-53.8M-324.4K0.4540.0018,4338,212258,54075,533
2025-09-16$5.88$6.0083.6%23.9%44.1%22.9%87.9%-12.7%1.5%570.4K-47.8M-323.7K0.4354.8015,2106,601265,33479,931
2025-09-17$6.45$6.0095.2%27.3%54.3%30.4%118.5%-18.4%-0.2%804.8K-69.8M-352.8K0.0741.11102,5977,355268,75483,772
2025-09-18$6.72$6.00102.6%29.6%54.7%35.3%111.1%-20.2%-2.4%1.3M-90.3M-391.7K0.1137.8266,5207,405319,03386,276
2025-09-19$6.96$6.00100.2%28.9%55.4%33.7%111.0%-16.2%-0.9%2.9M-104.3M-414.3K0.1438.5768,4989,884340,79987,677
2025-09-22$7.19$6.00104.7%30.0%54.9%36.6%109.9%-18.5%2.7%1.3M-107.0M-425.5K0.1845.9862,24711,167286,11260,942
2025-09-23$6.92$6.00103.8%29.3%56.0%36.0%108.9%-12.0%-1.9%1.3M-97.5M-427.0K0.2247.3536,6158,143302,71574,874
2025-09-24$6.79$6.00101.4%29.5%55.4%34.5%107.4%-20.2%0.8%1.1M-91.6M-421.4K0.2449.4831,5747,435297,91180,027
2025-09-25$6.45$6.0094.9%27.7%58.6%27.8%106.1%-17.7%-0.1%862.4K-75.6M-399.0K0.2836.5023,0856,348301,18678,913
2025-09-26$6.42$6.5094.0%26.1%58.7%27.2%98.2%-18.9%2.6%854.0K-70.8M-393.6K0.4336.3818,3667,887301,30381,487
2025-09-29$7.19$6.50100.1%29.5%69.2%27.1%112.5%-13.1%9.1%1.2M-104.4M-425.0K0.1242.4081,7069,989282,60973,440
2025-09-30$7.20$6.5097.4%29.2%68.3%20.1%108.1%-16.9%12.5%1.4M-108.9M-440.7K0.3845.0424,6099,440304,68576,466