NOVT Options Chain Analysis

As of previous close (2026-08-28) · OPRA historical data

Spot $144.65 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

2.54

3k P / 1k C

Put/Call (Volume)

0.17

2 P / 12 C that session

30d ATM IV

48%

annualized implied move

Call wall

$220

852 contracts

Put wall

$105

711 contracts

Tail hedging

2.8×

deep-OTM puts vs calls

What the positioning says

●Defensive positioning: 2.54 puts outstanding per call — holders are hedging rather than selling.
●Call wall at $220 (852 contracts), 52% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $105 (711 contracts), 27% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 2.8× deep-OTM call OI — an institutional hedging ladder sits under this stock.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-09-18. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-16	15	0	0.00	1
2026-11-20	1k	3k	2.91	13
2027-02-19	92	125	1.36	0
2027-03-19	0	0	—	0

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.