NIO Options History — March 2023

In March 2023, NIO traded between $8.25 and $10.46. ATM implied volatility averaged 68.4%, placing in the 9.0% IV rank vs the trailing year. The 30-day expected move averaged 19.8%. IV traded above realized volatility by 24.0% (HV 20d: 44.4%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 19 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.53.

Notable Days

  • 2023-03-01: Highest Volume — 318,155 contracts
  • 2023-03-03: Largest IV drop — 4.5% change
  • 2023-03-20: Highest IV Rank — 16.8%
  • 2023-03-15: Largest Expected Move — 22.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.07$8.25$10.46$8.88$10.46
Max Pain$7.89$7.50$10.00$10.00$8.50
ATM IV68.4%64.8%73.8%68.7%64.8%
Expected Move19.8%17.9%22.2%19.4%17.9%
HV 20d44.4%34.4%54.7%34.4%52.9%
HV 60d55.0%52.6%57.9%57.9%52.6%
IV Rank9.0%3.2%16.8%8.4%3.3%
IV Percentile6.1%0.4%18.7%3.2%0.4%
Term Structure0.9%-1.8%4.8%-0.6%2.0%
VWIV69.6%65.1%74.3%70.6%65.1%
Skew 25d3.5%-1.2%7.1%2.7%0.5%
Skew 10d7.5%-6.8%15.8%3.5%4.5%
Call IV 25d68.9%65.4%73.3%69.8%67.1%
Put IV 25d72.4%66.8%79.0%72.5%67.6%
Bid-Ask Spread %3.192.254.912.603.79
Gamma HHI0.130.080.570.110.14
Net GEX1.9M-2.1M12.4M-479.1K4.7M
Net DEX-6.6M-185.1M80.0M65.3M-170.5M
Net VEX-1.7M-2.0M-1.5M-1.6M-2.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.350.960.480.36
Total Volume138,610.30470,651318,155318,155137,949
Total OI1,494,168.7831,306,2611,642,0271,540,0511,464,638

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-03-01$8.88$10.0068.7%19.4%34.4%8.4%70.6%2.7%-0.6%-479.1K65.3M-1.6M0.482.60215,495102,6601,041,453498,598
2023-03-02$9.11$10.0068.3%19.1%36.1%7.8%69.1%1.4%-0.2%1.2M10.0M-1.8M0.403.09143,05257,0271,096,787496,393
2023-03-03$9.52$10.0065.3%18.5%41.5%3.2%66.5%-1.2%-0.3%12.4M-49.3M-1.9M0.372.45172,15263,6271,109,403509,384
2023-03-06$9.36$7.5065.5%18.4%36.8%3.7%65.3%0.6%-0.3%1.5M-6.9M-1.8M0.533.1480,96843,1011,010,883469,124
2023-03-07$9.00$7.5065.9%18.6%37.8%4.3%66.7%1.8%-1.0%579.0K30.1M-1.7M0.682.8173,64450,1741,042,147490,054
2023-03-08$9.11$7.5065.3%18.3%38.5%3.3%67.7%4.1%-0.7%724.1K20.5M-1.7M0.963.0069,47366,7831,064,457504,261
2023-03-09$8.84$7.5067.8%19.0%39.0%7.1%67.9%2.3%-0.3%27.5K41.0M-1.7M0.584.9164,61737,5301,087,711509,970
2023-03-10$8.50$7.5070.4%21.4%40.3%10.9%71.3%4.3%-1.3%-2.1M74.7M-1.6M0.692.9873,08250,1501,102,669523,085
2023-03-13$8.55$7.5071.5%21.7%40.6%12.7%74.3%4.8%4.8%-48.2K55.3M-1.6M0.392.7293,96636,1961,048,290503,844
2023-03-14$8.43$7.5071.3%21.7%40.4%12.3%73.5%4.9%4.5%9.2K63.0M-1.6M0.632.2548,80730,5631,084,404512,970
2023-03-15$8.25$7.5073.8%22.2%40.5%16.0%74.3%5.7%3.9%-316.3K80.0M-1.5M0.672.5862,04641,7801,096,430521,181
2023-03-16$8.46$7.5071.2%21.3%41.7%12.6%71.4%4.2%3.3%467.4K47.9M-1.6M0.432.8673,82931,9791,114,242517,194
2023-03-17$8.27$7.5071.5%21.4%41.7%16.2%73.4%3.6%4.5%310.0K74.4M-1.5M0.522.8760,80931,5871,119,664522,363
2023-03-20$8.70$7.5071.8%20.6%47.0%16.8%72.2%5.4%-0.5%735.2K17.0M-1.5M0.434.09117,37850,862864,504441,757
2023-03-21$9.25$7.5069.3%19.9%53.0%11.9%68.8%3.9%-1.0%2.6M-50.9M-1.8M0.362.90108,58839,612899,921453,879
2023-03-22$9.18$7.5066.9%19.2%52.9%7.4%67.0%4.0%0.5%2.8M-42.4M-1.8M0.614.8260,38336,678923,842466,087
2023-03-23$9.23$7.5069.6%20.0%52.2%12.6%69.2%5.8%-1.8%3.1M-51.9M-1.8M0.524.3249,74425,950932,571464,301
2023-03-24$9.07$7.5069.2%20.0%48.8%11.8%70.5%5.3%-1.7%3.0M-31.8M-1.7M0.663.3050,45933,212939,736471,008
2023-03-27$8.98$7.5066.7%19.3%48.9%6.9%73.6%7.1%1.8%793.5K-7.7M-1.6M0.713.1641,86129,587867,899444,675
2023-03-28$9.20$7.5067.4%19.4%49.7%8.2%68.1%6.7%2.1%1.7M-32.7M-1.7M0.352.4752,38718,264885,861461,014
2023-03-29$9.82$7.5065.2%18.7%51.5%4.1%66.1%2.6%0.9%3.7M-102.7M-1.9M0.472.69131,49262,250901,370465,792
2023-03-30$10.43$8.0066.5%19.2%54.7%6.6%69.4%0.9%1.2%5.5M-185.1M-2.0M0.473.59181,47084,814933,623486,443
2023-03-31$10.46$8.5064.8%17.9%52.9%3.3%65.1%0.5%2.0%4.7M-170.5M-2.0M0.363.79101,47236,477956,981507,657