NVTS Options History — January 2026

In January 2026, NVTS traded between $8.38 and $11.25. ATM implied volatility averaged 101.8%, placing in the 23.5% IV rank vs the trailing year. The 30-day expected move averaged 28.2%. IV traded below realized volatility by 1.1% (HV 20d: 102.9%). Max pain ranged from $5.00 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.27.

Notable Days

  • 2026-01-16: Highest Volume — 79,105 contracts
  • 2026-01-06: Largest IV spike — 12.5% change
  • 2026-01-28: Highest IV Rank — 36.4%
  • 2026-01-20: Largest Expected Move — 30.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.84$8.38$11.25$8.38$8.55
Max Pain$8.60$5.00$10.00$5.00$9.50
ATM IV101.8%85.9%118.7%85.9%117.3%
Expected Move28.2%24.7%30.8%24.7%28.7%
HV 20d102.9%83.3%130.9%86.7%130.9%
HV 60d114.9%106.8%130.4%127.7%111.2%
IV Rank23.5%11.3%36.4%11.3%35.4%
IV Percentile49.5%16.3%80.6%16.3%78.6%
Term Structure1.6%-5.0%11.1%-0.1%-5.0%
VWIV100.8%88.6%107.0%88.6%105.6%
Skew 25d-8.0%-26.9%-2.1%-5.9%-10.0%
Skew 10d-17.4%-50.7%12.3%-18.2%-38.9%
Call IV 25d109.6%95.0%133.7%95.0%128.9%
Put IV 25d101.6%89.1%120.0%89.1%119.0%
Bid-Ask Spread %32.9215.3152.3215.3246.00
Gamma HHI0.150.100.360.110.14
Net GEX1.5M373.9K2.8M898.1K373.9K
Net DEX-144.3M-217.5M-71.8M-109.5M-71.8M
Net VEX-586.6K-630.6K-520.9K-520.9K-529.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.270.140.420.140.42
Total Volume41,360.4524,46079,10546,75327,697
Total OI377,927.95318,365429,736378,815370,610

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$8.38$5.0085.9%24.7%86.7%11.3%88.6%-5.9%-0.1%898.1K-109.5M-520.9K0.1415.3240,9115,842300,56678,249
2026-01-05$9.05$7.0091.1%26.7%83.3%15.3%95.3%-3.3%0.6%1.3M-134.0M-556.6K0.3124.8537,69111,856302,93876,305
2026-01-06$10.14$8.00102.5%28.3%93.0%24.0%100.4%-5.7%0.7%1.5M-182.2M-604.7K0.1740.6654,2908,984312,66378,347
2026-01-07$10.21$8.0098.1%28.7%93.0%20.6%103.0%-7.5%8.4%1.7M-185.0M-609.3K0.3523.7628,1519,874319,58280,230
2026-01-08$10.09$8.0094.4%27.2%92.4%17.8%99.0%-3.7%-2.1%1.8M-181.4M-613.7K0.2823.9219,1105,350325,22285,625
2026-01-09$10.04$8.0092.4%26.1%92.3%16.2%94.5%-4.3%-1.3%2.4M-179.9M-600.9K0.2823.2628,3917,865327,48187,696
2026-01-12$10.41$8.0093.8%26.7%92.9%17.3%94.6%-8.8%1.4%1.6M-182.6M-603.0K0.2721.9627,9197,458313,91281,903
2026-01-13$9.48$8.0093.0%26.7%95.1%16.7%97.1%-6.0%-0.1%1.3M-147.7M-570.6K0.2033.3341,8118,366321,45884,890
2026-01-14$9.93$8.0099.4%27.9%91.7%21.6%100.4%-2.1%-1.6%1.7M-164.4M-589.9K0.1852.3225,1624,609332,46289,849
2026-01-15$10.18$9.0095.5%27.6%91.5%18.6%97.4%-5.5%0.6%1.9M-177.9M-599.1K0.1519.1745,2076,657332,50090,895
2026-01-16$11.00$9.0096.6%27.5%89.8%19.5%98.7%-8.0%1.5%2.8M-217.5M-629.2K0.1715.3167,52911,576337,46292,274
2026-01-20$9.82$9.00107.3%30.8%101.2%27.6%107.0%-8.4%1.2%1.2M-116.8M-579.7K0.4048.8326,90710,739252,37565,990
2026-01-21$9.73$9.00103.1%29.6%100.5%24.5%105.0%-5.7%2.7%1.1M-110.4M-580.3K0.2740.3825,5476,904256,77771,472
2026-01-22$11.25$9.00106.0%30.2%111.2%26.6%105.7%-8.2%2.6%1.9M-168.9M-630.6K0.1835.5549,3998,887262,55675,550
2026-01-23$10.13$9.50107.0%29.5%118.9%27.4%103.6%-2.5%11.1%1.4M-124.9M-596.5K0.3431.6331,35210,777272,82978,721
2026-01-26$9.41$10.00108.8%29.3%122.6%28.8%106.0%-12.7%10.8%1.0M-103.4M-567.9K0.4135.5124,3009,969257,98073,199
2026-01-27$9.57$10.00111.8%29.6%121.5%31.1%106.8%-26.9%4.2%1.0M-105.4M-581.0K0.3037.0324,1727,350265,49380,150
2026-01-28$10.09$10.00118.7%29.5%121.9%36.4%105.3%-10.2%-3.4%1.4M-128.0M-604.4K0.2150.6625,3835,280274,42384,025
2026-01-29$9.25$10.00113.4%28.5%127.2%32.4%102.4%-15.0%0.7%830.1K-94.9M-565.2K0.2939.0221,5986,339278,81285,088
2026-01-30$8.55$9.50117.3%28.7%130.9%35.4%105.6%-10.0%-5.0%373.9K-71.8M-529.3K0.4246.0019,4748,223283,59187,019