NIO Options History — April 2023

In April 2023, NIO traded between $7.67 and $9.82. ATM implied volatility averaged 67.5%, placing in the 8.5% IV rank vs the trailing year. The 30-day expected move averaged 19.1%. IV traded above realized volatility by 2.7% (HV 20d: 64.8%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.47.

Notable Days

2023-04-20: Highest Volume — 200,824 contracts
2023-04-20: Largest IV spike — 11.3% change
2023-04-20: Highest IV Rank — 23.0%
2023-04-20: Largest Expected Move — 21.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.80	$7.67	$9.82	$9.82	$7.88
Max Pain	$8.92	$7.50	$10.00	$9.00	$7.50
ATM IV	67.5%	63.3%	75.0%	64.5%	69.0%
Expected Move	19.1%	17.8%	21.7%	18.1%	18.7%
HV 20d	64.8%	57.8%	71.6%	57.8%	62.4%
HV 60d	54.5%	53.1%	55.8%	53.9%	53.8%
IV Rank	8.5%	0.5%	23.0%	2.6%	11.3%
IV Percentile	9.2%	0.4%	31.7%	0.4%	13.5%
Term Structure	0.1%	-5.8%	2.7%	1.9%	0.7%
VWIV	70.1%	64.4%	81.6%	65.0%	67.1%
Skew 25d	3.8%	0.9%	6.6%	5.3%	3.2%
Skew 10d	8.6%	-1.4%	16.5%	10.3%	6.2%
Call IV 25d	69.4%	64.2%	76.1%	65.1%	70.9%
Put IV 25d	73.2%	68.9%	80.6%	70.4%	74.1%
Bid-Ask Spread %	2.36	1.58	2.96	2.80	2.47
Gamma HHI	0.10	0.07	0.15	0.07	0.10
Net GEX	1.5M	-106.7K	2.9M	2.1M	1.5M
Net DEX	-13.7M	-95.2M	43.5M	-67.4M	-4.6M
Net VEX	-1.6M	-1.8M	-1.4M	-1.8M	-1.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.47	0.25	0.81	0.61	0.42
Total Volume	124,599.158	64,325	200,824	157,299	100,979
Total OI	1,462,318.526	1,344,661	1,642,171	1,344,661	1,642,171

Daily Data (19 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
2023-04-03	$9.82	$9.00	64.5%	18.1%	57.8%	2.6%	65.0%	5.3%	1.9%	2.1M	-67.4M	-1.8M	0.61	2.80	97,578	59,721	896,099	448,562
2023-04-04	$9.18	$9.00	67.7%	18.4%	61.2%	8.8%	66.2%	3.6%	0.4%	898.6K	-3.6M	-1.6M	0.47	2.96	107,055	50,104	911,910	455,396
2023-04-05	$8.95	$9.00	67.8%	17.8%	61.7%	9.0%	64.4%	6.6%	0.3%	606.6K	7.3M	-1.6M	0.54	2.94	80,109	43,010	962,275	466,788
2023-04-06	$9.00	$10.00	63.3%	18.6%	60.8%	0.5%	67.5%	3.9%	2.7%	877.4K	-9.6M	-1.7M	0.51	1.92	57,516	29,219	986,549	471,634
2023-04-10	$9.05	$10.00	66.5%	19.6%	58.9%	6.5%	71.8%	6.1%	0.7%	1.3M	-17.4M	-1.6M	0.30	2.46	51,059	15,221	935,241	446,428
2023-04-11	$9.54	$10.00	67.0%	19.1%	61.5%	7.5%	69.0%	5.7%	-0.9%	2.9M	-76.0M	-1.7M	0.32	2.33	96,512	30,793	952,438	450,830
2023-04-12	$9.07	$10.00	67.2%	19.1%	64.3%	7.9%	71.2%	3.6%	-0.4%	1.5M	-20.3M	-1.6M	0.67	2.29	76,512	51,107	973,543	460,032
2023-04-13	$9.07	$10.00	64.9%	19.0%	63.7%	3.4%	67.5%	4.3%	2.0%	1.5M	-21.2M	-1.6M	0.57	2.18	49,838	28,284	995,434	468,554
2023-04-14	$9.27	$10.00	64.2%	18.8%	63.5%	2.1%	68.9%	4.7%	2.0%	1.4M	-35.1M	-1.6M	0.43	2.36	73,606	31,346	1,001,162	481,238
2023-04-17	$9.77	$10.00	65.1%	18.9%	64.9%	3.8%	73.1%	2.4%	-0.2%	2.9M	-95.2M	-1.7M	0.39	2.06	116,451	45,741	953,485	458,997
2023-04-18	$9.50	$10.00	64.0%	18.5%	64.0%	1.8%	66.1%	3.2%	0.7%	2.1M	-55.2M	-1.7M	0.61	2.20	39,907	24,418	971,989	473,708
2023-04-19	$8.80	$10.00	67.4%	19.3%	66.5%	8.4%	70.8%	1.7%	-2.9%	-106.7K	20.0M	-1.6M	0.49	1.67	98,246	48,600	976,584	478,388
2023-04-20	$8.25	$7.50	75.0%	21.7%	70.0%	23.0%	76.7%	4.5%	-5.8%	-51.6K	43.5M	-1.4M	0.41	2.13	142,243	58,581	1,024,999	477,228
2023-04-21	$8.27	$7.50	71.0%	20.6%	70.0%	15.3%	81.6%	0.9%	-2.1%	1.4M	14.6M	-1.6M	0.36	1.58	78,598	28,583	1,092,527	486,893
2023-04-24	$8.30	$7.50	66.3%	18.3%	69.9%	6.1%	69.5%	4.8%	0.7%	1.6M	-2.5M	-1.5M	0.25	2.78	77,326	19,246	999,055	431,872
2023-04-25	$7.91	$7.50	70.9%	20.3%	71.6%	14.9%	74.0%	1.5%	0.3%	1.7M	20.9M	-1.5M	0.39	2.67	120,951	47,306	1,036,719	440,518
2023-04-26	$7.67	$7.50	72.1%	19.8%	71.1%	17.3%	73.2%	2.0%	0.5%	1.5M	35.7M	-1.4M	0.81	2.24	84,627	68,671	1,068,498	457,081
2023-04-27	$7.95	$7.50	69.2%	18.5%	67.7%	11.7%	67.5%	3.9%	1.4%	2.7M	6.9M	-1.5M	0.43	2.75	97,033	41,287	1,088,735	460,492
2023-04-28	$7.88	$7.50	69.0%	18.7%	62.4%	11.3%	67.1%	3.2%	0.7%	1.5M	-4.6M	-1.5M	0.42	2.47	71,204	29,775	1,141,830	500,341