NIO Options History — April 2022

In April 2022, NIO traded between $16.42 and $23.71. ATM implied volatility averaged 86.8%, placing in the 47.7% IV rank vs the trailing year. The 30-day expected move averaged 24.8%. IV traded below realized volatility by 9.6% (HV 20d: 96.3%). Max pain ranged from $22.50 to $30.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.60.

Notable Days

2022-04-01: Highest Volume — 667,959 contracts
2022-04-20: Largest IV spike — 10.1% change
2022-04-27: Highest IV Rank — 58.8%
2022-04-29: Largest Expected Move — 27.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.28	$16.42	$23.71	$21.82	$16.71
Max Pain	$25.63	$22.50	$30.00	$30.00	$22.50
ATM IV	86.8%	75.9%	95.9%	76.1%	92.1%
Expected Move	24.8%	22.5%	27.8%	22.8%	27.8%
HV 20d	96.3%	63.9%	144.7%	141.3%	63.9%
HV 60d	106.4%	99.9%	108.6%	106.5%	99.9%
IV Rank	47.7%	34.5%	58.8%	34.8%	54.1%
IV Percentile	89.4%	79.4%	95.2%	79.8%	92.5%
Term Structure	-1.3%	-5.7%	2.4%	-0.5%	-2.5%
VWIV	88.1%	78.9%	99.2%	82.3%	97.2%
Skew 25d	6.8%	3.0%	10.4%	3.0%	10.4%
Skew 10d	14.8%	6.7%	22.0%	6.7%	21.3%
Call IV 25d	85.7%	76.1%	94.7%	77.3%	89.0%
Put IV 25d	92.5%	80.0%	103.2%	80.3%	99.3%
Bid-Ask Spread %	2.85	2.07	5.26	2.57	3.60
Gamma HHI	0.06	0.04	0.29	0.08	0.06
Net GEX	2.5M	-5.0M	9.6M	8.4M	2.5M
Net DEX	316.8M	-218.8M	506.1M	23.1M	500.4M
Net VEX	-6.7M	-8.9M	-5.3M	-8.0M	-5.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.60	0.40	1.11	0.40	0.47
Total Volume	256,012.5	153,181	667,959	667,959	221,024
Total OI	2,198,066.8	2,034,863	2,342,086	2,272,669	2,203,250

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2022-04-01	$21.82	$30.00	76.1%	22.8%	141.3%	34.8%	82.3%	3.0%	-0.5%	8.4M	23.1M	-8.0M	0.40	2.57	475,561	192,398	1,375,790	896,879
2022-04-04	$23.71	$30.00	75.9%	22.5%	143.0%	34.5%	78.9%	3.9%	2.4%	9.6M	-218.8M	-8.9M	0.41	2.07	290,399	119,870	1,290,043	860,613
2022-04-05	$22.48	$30.00	82.3%	23.1%	144.7%	42.3%	81.3%	5.0%	-0.8%	6.3M	-9.5M	-8.4M	0.63	2.23	171,182	107,153	1,333,155	891,155
2022-04-06	$21.72	$25.00	83.3%	23.2%	139.0%	43.5%	83.4%	4.3%	-1.2%	5.4M	100.4M	-8.2M	0.60	2.38	149,344	90,356	1,369,222	897,445
2022-04-07	$20.63	$30.00	86.5%	24.6%	130.1%	47.3%	86.6%	7.4%	-0.9%	1.2M	271.2M	-7.6M	0.56	2.80	181,666	102,510	1,394,029	906,120
2022-04-08	$20.02	$25.00	85.4%	23.7%	126.2%	46.0%	84.1%	4.8%	-0.6%	-5.0M	362.6M	-7.2M	0.75	2.49	236,441	176,347	1,427,598	914,488
2022-04-11	$19.77	$25.00	88.3%	24.8%	113.3%	49.5%	89.3%	7.7%	-1.6%	2.2M	311.8M	-7.1M	1.11	2.23	179,886	200,128	1,325,520	870,838
2022-04-12	$19.48	$25.00	87.4%	24.2%	112.7%	48.4%	85.1%	6.6%	-3.0%	83.1K	367.0M	-6.9M	0.89	2.75	111,360	99,624	1,347,908	924,080
2022-04-13	$20.39	$25.00	82.9%	23.4%	82.6%	43.0%	82.6%	7.4%	-1.4%	4.0M	250.5M	-7.3M	0.71	2.55	132,250	94,263	1,367,200	922,988
2022-04-14	$19.79	$25.00	81.7%	23.1%	83.4%	41.5%	82.8%	6.9%	-1.1%	-104.1K	352.7M	-6.9M	0.79	2.38	95,607	75,656	1,389,172	931,457
2022-04-18	$19.19	$25.00	84.7%	24.2%	74.9%	45.2%	85.0%	7.5%	-0.1%	1.8M	367.3M	-6.5M	0.52	3.24	100,717	52,464	1,231,489	803,374
2022-04-19	$19.76	$25.00	80.2%	22.9%	75.4%	39.7%	82.3%	7.4%	0.4%	3.9M	314.0M	-6.8M	0.40	2.23	117,791	47,650	1,259,128	809,774
2022-04-20	$18.27	$25.00	88.3%	25.3%	75.4%	49.5%	90.2%	6.9%	0.5%	1.8M	434.8M	-6.1M	0.50	2.60	127,691	63,376	1,295,494	819,077
2022-04-21	$17.17	$25.00	92.1%	26.5%	77.4%	54.2%	93.1%	7.3%	-1.5%	587.8K	489.8M	-5.6M	0.51	2.46	162,486	83,505	1,342,895	824,908
2022-04-22	$17.22	$25.00	91.7%	26.2%	77.4%	53.6%	93.5%	6.5%	2.0%	1.6M	487.5M	-5.7M	0.59	2.62	133,890	79,207	1,373,611	843,011
2022-04-25	$17.27	$25.00	93.8%	26.5%	69.7%	56.2%	93.4%	7.9%	-5.7%	1.5M	454.8M	-5.6M	0.63	3.76	96,786	60,690	1,272,671	810,298
2022-04-26	$16.42	$25.00	95.2%	27.8%	66.2%	57.9%	98.1%	9.8%	-2.8%	874.5K	506.1M	-5.3M	0.69	2.93	93,050	64,113	1,298,420	823,616
2022-04-27	$16.78	$22.50	95.9%	27.6%	65.2%	58.8%	99.2%	6.8%	-4.1%	1.5M	480.8M	-5.4M	0.42	5.26	109,347	45,678	1,313,669	828,295
2022-04-28	$16.94	$22.50	91.8%	26.7%	64.9%	53.8%	93.0%	8.8%	-3.6%	1.8M	489.9M	-5.4M	0.45	3.81	123,221	55,563	1,334,955	837,701
2022-04-29	$16.71	$22.50	92.1%	27.8%	63.9%	54.1%	97.2%	10.4%	-2.5%	2.5M	500.4M	-5.3M	0.47	3.60	150,570	70,454	1,361,741	841,509