NVTS Options History — February 2026

In February 2026, NVTS traded between $7.39 and $10.04. ATM implied volatility averaged 113.4%, placing in the 32.4% IV rank vs the trailing year. The 30-day expected move averaged 31.8%. IV traded below realized volatility by 9.8% (HV 20d: 123.3%). Max pain ranged from $7.00 to $9.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.36.

Notable Days

  • 2026-02-25: Highest Volume — 113,414 contracts
  • 2026-02-25: Largest IV drop — 11.3% change
  • 2026-02-09: Highest IV Rank — 39.4%
  • 2026-02-24: Largest Expected Move — 34.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.56$7.39$10.04$8.59$8.91
Max Pain$7.39$7.00$9.50$9.50$7.00
ATM IV113.4%96.6%122.6%119.6%96.6%
Expected Move31.8%28.7%34.6%28.7%28.8%
HV 20d123.3%103.1%138.1%118.1%123.7%
HV 60d102.8%99.3%107.7%106.6%107.7%
IV Rank32.4%19.4%39.4%37.1%19.4%
IV Percentile69.1%38.1%81.7%80.6%38.1%
Term Structure-1.7%-12.3%7.9%-12.3%1.7%
VWIV115.0%101.7%124.6%109.3%104.4%
Skew 25d-2.0%-9.7%5.7%-9.7%-0.2%
Skew 10d-6.4%-26.4%7.6%-13.2%4.2%
Call IV 25d117.4%96.6%128.8%127.2%96.6%
Put IV 25d115.5%96.4%125.1%117.5%96.4%
Bid-Ask Spread %34.0412.5755.4639.4136.11
Gamma HHI0.120.100.150.110.14
Net GEX819.0K415.3K1.6M717.8K856.5K
Net DEX-79.0M-133.6M-47.5M-78.4M-84.0M
Net VEX-515.3K-565.1K-466.4K-527.0K-505.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.210.470.270.35
Total Volume30,228.84213,654113,41425,08835,557
Total OI350,649.737306,793373,399337,481355,459

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$8.59$9.50119.6%28.7%118.1%37.1%109.3%-9.7%-12.3%717.8K-78.4M-527.0K0.2739.4119,7015,387260,82776,654
2026-02-03$8.96$9.50119.6%29.4%115.8%37.1%105.4%5.7%2.4%864.2K-88.2M-547.7K0.3739.9218,1316,719265,19678,682
2026-02-04$8.21$9.50118.0%29.6%111.4%35.8%107.9%-5.4%-1.6%650.1K-68.4M-527.7K0.4643.0215,2796,992273,13082,988
2026-02-05$7.39$7.00120.4%33.5%116.1%37.7%121.8%-5.3%-7.5%415.3K-47.5M-474.8K0.4354.6614,1696,056276,57684,510
2026-02-06$8.95$7.00120.4%33.6%137.5%37.7%120.2%-5.9%-2.8%1.1M-92.5M-560.6K0.3148.2530,4069,300279,63685,629
2026-02-09$9.20$7.00122.6%33.7%138.1%39.4%121.3%-1.8%-2.0%1.0M-99.2M-565.1K0.3344.2521,8117,251263,85981,142
2026-02-10$8.86$7.00120.6%34.0%137.7%37.9%120.9%-3.5%-1.7%975.6K-90.7M-548.6K0.4451.3611,9175,214272,44285,141
2026-02-11$8.79$7.00122.4%33.8%133.9%39.3%121.2%0.1%-4.1%949.9K-87.3M-544.3K0.3044.6514,6744,439276,69986,328
2026-02-12$8.36$7.00115.9%33.9%133.5%34.3%124.6%2.2%7.9%730.6K-74.4M-518.7K0.4346.9412,0715,197282,12387,800
2026-02-13$8.36$7.00115.9%33.4%133.0%34.2%121.5%-2.0%1.4%714.4K-71.0M-513.2K0.2522.2217,2434,356284,67788,722
2026-02-17$8.21$7.00114.1%32.6%128.9%32.9%120.0%-4.0%-3.0%588.0K-65.0M-490.3K0.3013.4417,7115,286265,37879,392
2026-02-18$8.07$7.00110.1%31.6%123.5%29.8%116.9%-5.8%-3.3%510.7K-59.2M-481.2K0.2113.0716,6113,450272,52481,824
2026-02-19$8.04$7.00110.4%31.7%123.6%30.0%115.8%-2.8%-2.6%521.2K-58.5M-478.2K0.4614.499,3694,285274,99682,751
2026-02-20$7.88$7.00106.3%30.6%109.2%26.9%114.3%-4.3%-1.2%553.1K-53.6M-466.4K0.3055.4618,0965,506277,19582,687
2026-02-23$8.07$7.00109.5%31.2%105.1%29.3%112.7%-0.4%-3.0%576.3K-63.6M-467.5K0.4417.7319,5858,549238,99067,803
2026-02-24$8.27$7.00114.6%34.6%103.1%33.2%120.5%1.8%-1.9%727.2K-72.1M-481.6K0.4713.3325,45911,940247,23770,080
2026-02-25$10.04$7.00101.6%30.2%125.2%23.3%105.2%3.2%2.9%1.5M-133.6M-550.1K0.2835.9188,71424,700261,79476,387
2026-02-26$9.57$7.0096.7%28.8%124.9%19.6%101.7%0.8%-1.3%1.6M-113.5M-543.0K0.4312.5730,12313,094274,44880,639
2026-02-27$8.91$7.0096.6%28.8%123.7%19.4%104.4%-0.2%1.7%856.5K-84.0M-505.6K0.3536.1126,3919,166273,74681,713