NXE Volatility Surface

SVI-calibrated implied volatility surface for NXE. Interactive heatmap of IV across strikes and expirations. Data from the public FlashAlpha Lab API.

Delayed

ATM IV

59.1%

Spot Price

$8.41

NXE implied volatility by strike and horizon

As of Nov 10, 4:00 PM ET

Strike as a percent of spot, interpolated between 10 listed expiries. A dash means no quoted option covers that point.

Horizon	80%	90%	95%	100%	105%	110%	120%
7 days	-	-	-	-	-	-	-
30 days	-	64.8%	62.4%	59.2%	56.0%	55.3%	-
60 days	61.0%	59.2%	59.2%	56.2%	53.1%	53.1%	56.5%
90 days	57.4%	56.6%	57.1%	54.7%	52.1%	51.7%	53.4%
180 days	57.4%	57.3%	57.5%	55.6%	53.6%	53.0%	53.6%
1 year	58.8%	57.7%	57.2%	56.5%	55.8%	55.2%	54.0%

Across these 33 points, NXE implied volatility runs from 51.7% (90 days, 110% strike) to 64.8% (30 days, 90% strike), built from 10 listed expiries.

IV Heatmap

Strike	Mar 14	Mar 21	Mar 28	Apr 17	May 16
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
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What is a Volatility Surface?

A volatility surface maps implied volatility as a function of both strike price and time to expiration. It captures the full landscape of how the market prices risk across different scenarios and time horizons.

SVI Calibration: FlashAlpha uses Stochastic Volatility Inspired (SVI) parameterization to fit a smooth, arbitrage-free surface to raw market quotes. This eliminates noise while preserving the true shape of the smile.

Reading the Heatmap

Cool colors (blue): Low IV - options are relatively cheap. Potential for long vol positions.
Warm colors (red/orange): High IV - options are expensive. Consider selling premium or look for relative value.
Spot row: Highlighted row shows IV at the current stock price. Compare across expirations to see term structure.
Wings: IV rising sharply at far OTM strikes indicates tail risk pricing or squeeze potential.