NVTS

$8.95NEUTRAL

spot: 2026/11/13 21:01:19 UTC

analytics: 2026/11/15 16:41:34 UTC

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Volatility Regime

Macro VCG—— · vcg = —

No dealer regime data yet.

VRP

-0.33

CHEAP

IV (ATM)

88.8%

RV

121.7%

IV Rank

20

1y rank 20

IV %ile 30d

19

Implied Move 30d

17.3%

IV 52w Low

75.4%

IV 52w High

156.8%

RV 52w Low

58.7%

RV 52w High

185.8%

Skew 25Δ

+18.7982

IV materially below RV — long-vol structures favored.

Building 1-year history… (≤30s)

Analytical time series

IV / IV-of-IV

— IV (L)— IV-of-IV (R)

Analytical time series

RV / SPY-corr-1m

— RV (L)— SPY-corr-21 (R)

20 sessions

Regime Quadrant

GoldilocksFragile CalmStock PickerSystemic Panic

Systemic Panic: high vol, high corr — broad de-risking

20-session overlay

IV-z vs RV-z

-2.37σ

— IV-z— RV-z

Today's snapshot

IV by DTE

Term Structure

— ATM-2 ($8.00)— ATM-1 ($8.50)— ATM ($9.00)— ATM+1 ($9.50)

Today's IV by strike — one curve per expiration date

Smile

— 2026-10-16— 2026-10-23— 2026-10-30— 2026-11-06

IV (fwd ~30d) vs RV (trailing 21d) — lag is the VRP

HV / IV

— IV— RV

Last 1y

IV %ile Distribution

17th %ile

30-session bars + smoothed z-overlay

VRP Spread

-0.33 pts | widening -0.04 pts