NVTS Options History — October 2025

In October 2025, NVTS traded between $7.28 and $16.84. ATM implied volatility averaged 137.9%, placing in the 51.2% IV rank vs the trailing year. The 30-day expected move averaged 39.2%. IV traded above realized volatility by 18.6% (HV 20d: 119.4%). Max pain ranged from $6.50 to $10.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 0.29.

Notable Days

2025-10-14: Highest Volume — 265,860 contracts
2025-10-14: Largest IV spike — 27.3% change
2025-10-15: Highest IV Rank — 90.2%
2025-10-15: Largest Expected Move — 52.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.74	$7.28	$16.84	$7.28	$13.32
Max Pain	$8.15	$6.50	$10.00	$6.50	$10.00
ATM IV	137.9%	100.6%	189.0%	100.6%	128.8%
Expected Move	39.2%	28.0%	52.3%	29.4%	40.1%
HV 20d	119.4%	67.9%	155.5%	67.9%	153.8%
HV 60d	102.4%	90.8%	111.4%	90.8%	105.5%
IV Rank	51.2%	22.6%	90.2%	22.6%	44.2%
IV Percentile	83.7%	45.2%	98.8%	45.2%	80.6%
Term Structure	-2.1%	-17.2%	12.8%	10.6%	1.8%
VWIV	141.0%	102.8%	180.2%	108.4%	140.5%
Skew 25d	-24.5%	-79.5%	-4.8%	-14.6%	-18.7%
Skew 10d	-46.1%	-103.0%	14.2%	7.0%	-83.4%
Call IV 25d	158.1%	112.0%	252.6%	112.0%	145.4%
Put IV 25d	133.6%	97.4%	173.4%	97.4%	126.6%
Bid-Ask Spread %	26.27	8.48	49.02	43.55	49.02
Gamma HHI	0.13	0.08	0.26	0.18	0.10
Net GEX	1.5M	906.3K	2.2M	1.5M	1.4M
Net DEX	-259.3M	-488.6M	-114.4M	-114.4M	-268.0M
Net VEX	-593.2K	-708.1K	-446.7K	-446.7K	-687.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.29	0.09	0.58	0.19	0.42
Total Volume	103,163.261	33,317	265,860	33,317	55,096
Total OI	446,113.087	362,179	561,285	393,083	480,031

Daily Data (23 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
2025-10-01	$7.28	$6.50	100.6%	29.4%	67.9%	22.6%	108.4%	-14.6%	10.6%	1.5M	-114.4M	-446.7K	0.19	43.55	27,913	5,404	311,696	81,387
2025-10-02	$8.16	$6.50	105.3%	30.1%	75.5%	26.2%	113.4%	-17.4%	11.6%	1.9M	-160.5M	-476.1K	0.09	41.19	107,622	10,203	320,587	83,389
2025-10-03	$7.74	$6.50	105.6%	28.0%	79.3%	26.4%	102.8%	-13.8%	12.8%	1.4M	-132.7M	-451.0K	0.21	39.68	47,190	10,109	310,221	84,726
2025-10-06	$8.18	$7.00	113.0%	32.7%	80.3%	32.1%	117.4%	-15.1%	-0.8%	1.4M	-139.4M	-457.6K	0.17	18.07	48,871	8,280	284,974	77,205
2025-10-07	$7.83	$7.00	117.2%	33.2%	83.3%	35.3%	118.5%	-21.3%	-3.8%	1.5M	-131.1M	-466.5K	0.15	18.09	59,886	9,177	302,864	81,198
2025-10-08	$7.59	$7.00	123.6%	33.9%	84.4%	40.2%	123.6%	-21.5%	-4.9%	1.3M	-117.1M	-456.5K	0.17	8.91	37,857	6,355	300,716	84,843
2025-10-09	$7.79	$7.00	123.6%	34.0%	82.5%	40.2%	120.2%	-16.0%	-3.3%	1.6M	-127.0M	-465.2K	0.16	10.66	31,508	4,930	312,790	86,980
2025-10-10	$8.39	$7.00	137.7%	37.0%	85.3%	51.0%	143.1%	-34.9%	-6.6%	1.4M	-163.1M	-492.5K	0.11	20.10	223,575	24,212	326,593	89,544
2025-10-13	$10.14	$7.00	142.6%	40.5%	104.2%	54.7%	141.8%	-35.5%	-1.7%	1.8M	-232.9M	-521.7K	0.20	29.97	139,978	28,540	321,219	81,378
2025-10-14	$12.50	$7.00	181.4%	50.1%	120.3%	84.5%	175.6%	-25.6%	-12.3%	1.5M	-344.8M	-540.7K	0.21	10.89	219,323	46,537	338,137	95,400
2025-10-15	$14.98	$7.00	189.0%	52.3%	129.4%	90.2%	180.2%	-40.9%	-4.9%	1.7M	-460.9M	-612.8K	0.29	8.48	195,842	57,242	367,584	119,478
2025-10-16	$15.50	$8.00	185.5%	50.9%	129.4%	87.6%	179.5%	-79.5%	-17.2%	2.1M	-488.6M	-678.4K	0.35	14.84	156,327	55,492	394,324	139,688
2025-10-17	$14.84	$8.00	152.2%	43.4%	132.9%	62.1%	150.2%	-24.7%	-1.2%	2.2M	-422.9M	-703.9K	0.42	11.05	83,862	35,181	400,325	160,960
2025-10-20	$16.84	$8.00	164.8%	47.1%	136.6%	71.8%	164.2%	-31.0%	-8.1%	1.5M	-429.2M	-696.6K	0.40	14.09	91,362	36,200	326,320	120,352
2025-10-21	$15.07	$9.00	155.5%	44.5%	144.5%	64.6%	157.6%	-27.6%	-7.7%	1.4M	-346.9M	-708.1K	0.43	12.33	63,622	27,599	339,230	129,586
2025-10-22	$13.61	$9.00	143.2%	41.1%	151.7%	55.2%	148.4%	-25.3%	-6.2%	1.2M	-278.1M	-696.0K	0.58	22.60	64,328	37,104	349,863	137,072
2025-10-23	$13.65	$10.00	138.6%	39.9%	148.8%	51.7%	142.8%	-20.8%	-4.6%	1.1M	-281.0M	-692.3K	0.39	31.47	30,280	11,699	354,674	144,582
2025-10-24	$14.01	$10.00	137.1%	39.6%	148.1%	50.5%	145.0%	-19.3%	-3.4%	1.1M	-297.3M	-698.9K	0.33	29.87	41,752	13,761	358,854	147,273
2025-10-27	$13.91	$10.00	134.9%	40.5%	146.2%	48.9%	147.8%	-19.4%	-0.4%	1.2M	-285.6M	-683.5K	0.32	38.75	54,704	17,385	316,223	111,955
2025-10-28	$12.70	$10.00	130.5%	37.3%	152.4%	45.5%	139.2%	-4.8%	11.5%	1.1M	-239.0M	-656.2K	0.36	43.39	36,222	13,022	334,660	117,809
2025-10-29	$13.61	$10.00	137.6%	39.5%	152.9%	50.9%	142.3%	-17.3%	-13.7%	1.4M	-275.3M	-693.5K	0.27	47.24	41,648	11,327	338,204	122,453
2025-10-30	$12.43	$10.00	124.4%	37.4%	155.5%	40.8%	139.5%	-19.6%	5.0%	906.3K	-226.9M	-661.7K	0.48	39.93	29,801	14,427	349,447	123,807
2025-10-31	$13.32	$10.00	128.8%	40.1%	153.8%	44.2%	140.5%	-18.7%	1.8%	1.4M	-268.0M	-687.4K	0.42	49.02	38,781	16,315	353,135	126,896