NVMINova Ltd. Ordinary Shares
NVMI Options Overview
IV is elevated with bearish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
NVMI Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 80.0% — elevated vs history
IV/HV 1.23x — IV premium over HV
Sector percentile 53% — above sector median
Front/Back 0.91x — contango
Put/Call IV 1.16x — elevated
ATM IV 58.8% — normal range
Effective IV 122.3% (ATM 58.8% + spread 31.8% + bias) — expensive
Total drag 45.80% (spread 31.76% + slippage 14.04%) — high friction
Vega efficiency 19.79 (vega 62.856 / spread 31.76%) — efficient
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -52% (strong bearish) — Raw: -42%
|OI skew| 24.2% — call-heavy
Vol skew -28.4%, OI skew +24.2% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +0%, ATM: +14%, OTM: -43% — neutral (ITM/ATM divergent)
Sector P/C percentile 87% — very bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 1.0x avg — normal
Vol/OI 3.5% — normal turnover
1 day(s) elevated — may be one-day event
OI change +9.6% (5d) — building
Sector activity percentile 67% — active vs sector
Large trade volume 0% — mostly retail
Aggressive execution 46% — patient
Conviction -52 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
Evaluates
Spread 31.8% — wide
OI 13,415 — adequate
Volume 469/day — thin
$1.59 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 72% — wider than sector
Depth 21.0 contracts (bid:10.6 ask:10.4) — thin
Avg slippage 14.04% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -9.3% — contango
IV percentile 80% — seller opportunity
IV kink -5.1pts — no clear event
θ/ν ratio 203.22 — favors income trades
4 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow -52% @ 76% consistency — STRONG directional (bearish)
Score 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
For educational purposes only. Not investment advice.
The Options Desk tracks the move options price into every US earnings report the week of Sep 7, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.