Options

NAVN options

Figures as of 28 Sep 2026

The options figures are from the close on 28 Sep 2026.

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At a glance

Figure	Value	Date
Priced move to 16 Oct	13.8% down, 13.8% up	28 Sep
Call wall and put wall	Both 20	28 Sep

Options Snapshot

NAVN's at the money implied volatility is 61.9 percent on 28 Sep 2026.

Figure	Value
IV rank	Not stated, 0 weeks of record
At the money IV	61.9%, near month, 18 days
Put/call ratio, open interest	0.49
Call open interest, strikes captured near the price	16,300 contracts
Put open interest, strikes captured near the price	7,920 contracts
Cost to trade at the money	Fair, 27.3% of the option's mid price

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, NAVN options priced a move of 13.8 percent down and 13.8 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	13.8%	13.8%	17.23 to 22.73
20 Nov 2026	53	24.3%	24.3%	15.13 to 24.83
15 Jan 2027	109	40.8%	40.8%	11.82 to 28.14
16 Apr 2027	200	53.1%	53.1%	9.38 to 30.58

The range is one standard deviation either side of the close of 19.98, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, NAVN's call wall and put wall are both at the 20 strike.

Figure	Value
Call wall, most open call gamma	20
Put wall, most open put gamma	20
Flip strike, where net gamma changes sign	21.26
Net dollar gamma, calls minus puts	$118,571
Total dollar gamma, both sides	$645,338
Close	19.98

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, NAVN's at the money IV is 61.9 percent against 20 day realized volatility of 98.5 percent.

Figure	Value
At the money IV	61.9%
Realized volatility, 20 trading days	98.5%
Realized volatility, 60 trading days	76.4%

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Weather

On 28 Sep 2026, NAVN's at the money IV runs from 61.9 percent at 18 days to 71.4 percent at 200 days.

Days to expiry	At the money IV
18	61.9%
53	63.7%
109	74.7%
200	71.4%

Far expiries price more volatility than near ones, an upward sloping term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 53 day expiry, NAVN's IV ten percent below the price sits 1.9 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	61.8%	-1.9 points
At the money	63.7%	0.0 points
10% above the price	73.7%	+10.0 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, NAVN's surface spans 4 expiries out to 200 days, with IV from 61.9 to 74.8 percent near the price.

Figure	Value
Expiries captured	4
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	16 Apr 2027, 200 days
Points within 10% of the price, 7 days out or more	4
Lowest IV among them	61.9%
Highest IV among them	74.8%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, NAVN has 4 captured expiries, from 16 Oct 2026 to 16 Apr 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	61.9%	5,013	4,049
20 Nov 2026	53	63.7%	47	494
15 Jan 2027	109	74.7%	5,525	2,767
16 Apr 2027	200	71.4%	5,718	615

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, NAVN's largest open interest sits at the 20 strike, with 8,762 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
20	3,871	4,891	8,762
30	7,361	111	7,472
35	2,569	14	2,583
25	1,385	608	1,993
17.5	421	1,425	1,846
22.5	418	236	654

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 1,152 NAVN option contracts traded.

Figure	Value
Calls traded	648
Puts traded	504
Open interest, whole chain	31,606 contracts
Volume to open interest	0.04
Unusual volume flag	No

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Questions

What is NAVN's IV rank?: NAVN's at the money implied volatility is 61.9 percent on 28 Sep 2026.
What move are NAVN options pricing?: On 28 Sep 2026, NAVN options priced a move of 13.8 percent down and 13.8 percent up by 16 Oct 2026.
Where are NAVN's call wall and put wall?: On 28 Sep 2026, NAVN's call wall and put wall are both at the 20 strike.

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