NVTS Options History — November 2025

In November 2025, NVTS traded between $7.63 and $12.23. ATM implied volatility averaged 106.6%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 31.1%. IV traded below realized volatility by 44.4% (HV 20d: 151.0%). Max pain ranged from $7.00 to $10.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.43.

Notable Days

  • 2025-11-04: Highest Volume — 104,920 contracts
  • 2025-11-04: Largest IV drop — 11.2% change
  • 2025-11-03: Highest IV Rank — 43.0%
  • 2025-11-03: Largest Expected Move — 40.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.65$7.63$12.23$12.23$8.71
Max Pain$8.03$7.00$10.00$10.00$8.00
ATM IV106.6%90.2%127.3%127.3%90.2%
Expected Move31.1%28.3%40.1%40.1%28.4%
HV 20d151.0%133.0%183.6%158.4%133.0%
HV 60d122.5%106.9%127.1%106.9%127.0%
IV Rank27.2%14.6%43.0%43.0%14.6%
IV Percentile49.6%18.3%79.4%79.4%18.3%
Term Structure-0.2%-23.1%9.0%9.0%-23.1%
VWIV116.5%104.1%145.9%145.9%106.1%
Skew 25d-10.9%-24.2%17.5%-9.2%-12.4%
Skew 10d-37.3%-71.9%2.2%-53.5%-20.9%
Call IV 25d117.3%99.5%140.2%140.2%108.2%
Put IV 25d106.4%95.8%131.0%131.0%95.8%
Bid-Ask Spread %43.6231.7254.4544.3954.45
Gamma HHI0.090.070.130.080.10
Net GEX828.4K580.5K1.4M1.2M1.4M
Net DEX-101.8M-224.5M-55.4M-224.5M-127.0M
Net VEX-530.9K-654.8K-475.8K-654.8K-569.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.140.990.430.21
Total Volume43,079.73713,305104,920102,15834,219
Total OI450,070.947397,833491,692420,676428,504

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-11-03$12.23$10.00127.3%40.1%158.4%43.0%145.9%-9.2%9.0%1.2M-224.5M-654.8K0.4344.3971,64930,509318,678101,998
2025-11-04$10.45$10.00113.1%31.9%169.3%32.1%126.4%-24.2%4.2%750.5K-137.7M-606.7K0.4750.6071,54233,378365,719125,973
2025-11-05$9.79$10.00106.5%31.6%170.9%27.1%117.5%-13.6%5.7%673.8K-114.7M-573.1K0.6254.1629,60118,430359,596123,863
2025-11-06$8.88$7.00105.3%30.0%175.2%26.2%111.4%-14.0%-5.8%640.6K-86.0M-527.7K0.6945.1421,78414,943361,773123,843
2025-11-07$7.78$7.00104.9%30.7%179.9%25.9%112.8%-12.1%2.0%580.5K-55.4M-475.8K0.9936.3433,44733,271365,328121,329
2025-11-10$9.64$7.00115.7%33.4%183.6%34.2%121.5%17.5%0.3%849.8K-130.7M-568.0K0.3137.8463,74319,959319,382106,171
2025-11-11$9.04$7.00111.4%31.7%166.7%30.9%120.3%-10.0%0.5%920.1K-116.6M-557.3K0.3751.3531,74311,627343,126113,701
2025-11-12$8.54$8.00110.7%31.8%149.9%30.3%117.7%-17.3%2.4%793.0K-99.1M-537.3K0.4537.9217,4897,953350,296118,656
2025-11-13$7.99$8.00106.9%31.4%148.6%27.4%119.5%-11.1%1.8%691.2K-76.5M-508.8K0.6537.3421,62514,160354,466118,832
2025-11-14$8.07$8.00103.2%31.2%149.3%24.6%117.2%-13.3%6.3%870.0K-85.0M-519.6K0.3744.4722,5018,435359,348117,826
2025-11-17$7.63$8.00107.0%30.9%137.5%27.5%118.4%-14.2%3.8%650.0K-72.9M-486.5K0.3150.3618,3595,617328,389106,673
2025-11-18$7.83$8.00106.0%30.4%136.6%26.8%114.6%-13.6%3.2%703.1K-80.3M-501.3K0.2939.0817,5995,133333,991109,743
2025-11-19$7.64$8.00107.1%30.7%134.2%27.6%114.3%-17.6%-0.5%731.9K-75.7M-491.1K0.4244.1512,5645,298338,676109,047
2025-11-20$7.63$7.00106.6%30.8%134.0%27.2%118.1%-21.1%-8.7%768.0K-75.9M-488.9K0.3645.9424,1728,653342,702110,702
2025-11-21$7.64$8.00102.8%29.6%133.0%24.3%110.8%-9.4%-2.5%680.9K-76.7M-487.0K0.4544.7621,0109,404348,669108,862
2025-11-24$8.25$8.00102.2%30.0%138.1%23.8%111.1%0.2%5.4%821.9K-95.8M-511.7K0.1734.9623,7094,094301,61096,223
2025-11-25$8.09$8.0099.4%28.3%136.0%21.6%106.7%-5.0%-5.2%913.4K-92.4M-501.0K0.4131.729,4273,878310,95196,643
2025-11-26$8.50$7.5099.4%28.3%134.4%21.6%104.1%-6.5%-2.6%1.1M-110.6M-521.6K0.1443.8832,9714,619313,53996,520
2025-11-28$8.71$8.0090.2%28.4%133.0%14.6%106.1%-12.4%-23.1%1.4M-127.0M-569.3K0.2154.4528,3535,866331,13197,373