NOVARTIS AG (NVS) Options Statistics & Positioning

NOVARTIS AG (NVS) options trade at a 30-day at-the-money implied volatility of 23.3%, an IV rank of 51 out of 100 over the past year. The options market prices a ±$5.07 (±3.2%) move in NVS for the front expiration. Max pain sits at $155 and the put/call open interest ratio is 2.03. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Jul 10, 2026, 8:00 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$157.02

52-week range

$113.57 – $170.52

ATM IV (30d)

23.3%

IV rank

51 / 100

Moderate

Expected move

±$5.07 (±3.2%)

Put/call OI

2.03

Put-heavy

Max pain

$155

↓ 1.3% below close

Most Active NVS Contracts

Contract	Expiration	DTE	Last	IV	Volume
NVS $155 put	Jul 17, 2026	7d	$2.40	23.9%	252
NVS $160 put	Dec 18, 2026	161d	$12.65	23.8%	250
NVS $160 call	Jul 17, 2026	7d	$0.50	23.4%	216
NVS $145 put	Jul 17, 2026	7d	$0.32	36.3%	194
NVS $160 put	Jun 17, 2027	342d	$16.76	24.4%	50

See all active NVS contracts →

Explore NVS Options Statistics

NVS Implied Volatility

23.3% ATM IV (30d)

An IV rank of 51 places implied volatility in the middle of its 52-week range.

Full implied volatility analysis →

NVS Open Interest

2.03 put/call OI ratio

30,911 calls and 62,657 puts outstanding across all expirations.

Full open interest analysis →

NVS Max Pain

$155 max pain

1.3% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

NVS Gamma Exposure

-$551.98M net GEX

Negative dealer gamma — hedging can currently amplify price swings.

Full gamma exposure analysis →

NVS Options Volume

1,178 contracts traded

Put/call volume ratio 2.62 — plus contracts running far above their usual volume.

Full volume & flow analysis →

NVS Most Active Options

$160 top volume strike

The 25 most actively traded NVS contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Explore the payoff profile of option on NVS for free

Build multi-leg NVS strategies, visualize payoffs, and scan the full US options universe with OptiView.

Open NVS in the platform Scan options

NVS Options FAQ

How often is NVS options data on this page updated?

All NVS statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see NVS max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated NVS pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.