NVTS Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $12.4 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.37

141k P / 385k C

Put/Call (Volume)

0.21

13k P / 64k C that session

30d ATM IV

80%

annualized implied move

Call wall

$15

41k contracts

Put wall

$10

14k contracts

Tail hedging

0.3×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.37 puts per call outstanding.
●Call wall at $15 (41k contracts), 21% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $10 (14k contracts), 19% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 3.2× deep-OTM put OI — speculative upside positioning dominates the tails.
●30-day ATM implied volatility is 80% — the market prices very large moves; option premium is expensive.

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 2026-10-30. A steep left side = expensive downside protection.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	14k	3k	0.22	21k
2026-10-16	45k	15k	0.34	8k
2026-10-23	9k	8k	0.87	1k
2026-10-30	5k	7k	1.47	3k
2026-11-06	1k	2k	1.56	1k
2026-11-13	151	17	0.11	244
2026-11-20	10k	2k	0.23	2k
2026-12-18	61k	28k	0.46	2k
2027-01-15	129k	38k	0.30	4k
2027-03-19	15k	4k	0.23	3k
2028-01-21	57k	23k	0.39	1k
2029-01-19	3k	256	0.08	180

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.