NVO Options Chain, Open Interest, and Volatility Data

NVO Options Open Interest & Strategy Insights

NVO – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
50	52789	125655	178444
60	126366	42862	169228
55	80954	84928	165882
45	16506	132628	149134
70	82043	19704	101747
65	80571	19664	100235
40	6532	69195	75727
75	46222	15732	61954
80	50272	6904	57176
90	32158	2567	34725

NVO – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
1.76	0.67	63.35%	58.03%	-5.31%

Data Analysis

Symbol: NVO Current Price: 48.46
Max Pain: 60.00 (below)

📌 Absolute OI Peak: 50.00 (178444 contracts)
🛡️ Short-term Key Levels: 45.00（149134 contracts，major support） , 40.00（75727 contracts，major support） , 55.00（165882 contracts，major resistance）

📈 Put/Call OI Ratio: 1.76 (bearish, Put OI dominant)
Put/Call Volume Ratio: 0.67 (bullish, Call volume dominant)

📊 Avg Call IV: 63.35%
Avg Put IV: 58.03%
IV Skew: -5.31% (Call IV higher than Put IV by 5.31%, upward expectation slightly stronger)

⚠️ Unusual OI concentration at far OTM strike 60.00 (169228 contracts), sentiment: bullish (Call OI dominant). May reflect speculative bets or hedging demand.

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-07	27457	17107	90179	0.623	Moderate Bullish 📈 (65)
2025-11-14	15539	7443	17635	0.479	Moderate Bullish 📈 (70)
2025-11-21	14241	5124	173417	0.360	Strong Bullish 📈💥 (85)
2025-11-28	2900	4677	7638	1.613	Moderate Bearish 📉 (30)
2025-12-05	1516	2104	2559	1.388	Slight Bearish 📉 (40)
2025-12-12	565	17189	1066	30.423	Moderate Bearish 📉 (30) ⚠️
2025-12-19	27796	3797	174851	0.137	Strong Bullish 📈💥 (85) ⚠️
2026-01-16	21270	2442	239220	0.115	Strong Bullish 📈💥 (85) ⚠️
2026-02-20	1957	1223	29977	0.625	Slight Bullish 📈 (60)
2026-03-20	5993	1879	92990	0.314	Strong Bullish 📈💥 (85)
2026-04-17	1058	315	6935	0.298	Moderate Bullish 📈 (70) ⚠️
2026-06-18	4694	1285	73683	0.274	Strong Bullish 📈💥 (85) ⚠️
2026-09-18	5497	209	34316	0.038	Moderate Bullish 📈 (70) ⚠️
2026-12-18	442	441	2375	0.998	Neutral ⚖️ (50)
2027-01-15	12205	127	139943	0.010	Strong Bullish 📈💥 (85) ⚠️
2027-12-17	504	138	25849	0.274	Moderate Bullish 📈 (70) ⚠️
2028-01-21	2386	186	16503	0.078	Moderate Bullish 📈 (70) ⚠️
How the Sentiment Algorithm Works This table evaluates market sentiment based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Indicates the relative activity between put and call options. A high PCR suggests bearish sentiment, while a low PCR indicates bullish sentiment. Open Interest (OI): Represents the number of outstanding contracts. Higher values reflect strong market attention or hedging activity. Unusual activity ⚠️: Days with extremely high PCR or OI are flagged, signaling possible speculative bets or hedging pressures. The sentiment score is computed by combining PCR and OI, then classified into clear labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Scores range from 0 to 100, where higher values indicate stronger bullish sentiment and lower values indicate stronger bearish sentiment.