NIO Options History — May 2023

In May 2023, NIO traded between $7.45 and $8.79. ATM implied volatility averaged 72.0%, placing in the 18.2% IV rank vs the trailing year. The 30-day expected move averaged 21.4%. IV traded above realized volatility by 11.7% (HV 20d: 60.3%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.47.

Notable Days

  • 2023-05-31: Highest Volume — 176,344 contracts
  • 2023-05-24: Largest IV spike — 9.5% change
  • 2023-05-24: Highest IV Rank — 31.2%
  • 2023-05-31: Largest Expected Move — 26.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.99$7.45$8.79$7.83$7.45
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV72.0%66.3%78.0%66.3%77.6%
Expected Move21.4%18.0%26.2%18.0%26.2%
HV 20d60.3%49.5%68.4%62.1%66.1%
HV 60d57.2%53.1%62.3%53.7%61.7%
IV Rank18.2%6.1%31.2%6.1%30.5%
IV Percentile27.7%5.6%49.2%5.6%49.2%
Term Structure-1.3%-6.6%4.6%1.5%-4.6%
VWIV75.9%65.4%93.6%65.4%93.6%
Skew 25d2.5%-0.0%5.5%2.7%0.2%
Skew 10d6.0%1.3%9.6%7.0%5.3%
Call IV 25d73.6%69.8%79.9%70.0%79.9%
Put IV 25d76.2%71.5%81.4%72.7%80.2%
Bid-Ask Spread %2.371.246.992.052.29
Gamma HHI0.130.100.180.110.12
Net GEX2.1M867.8K3.8M1.6M1.7M
Net DEX-36.7M-136.1M28.5M-6.2M3.0M
Net VEX-1.6M-1.8M-1.4M-1.5M-1.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.290.840.390.43
Total Volume121,980.543,816176,344100,924176,344
Total OI1,643,903.7731,502,7701,744,1891,547,4671,685,203

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$7.83$7.5066.3%18.0%62.1%6.1%65.4%2.7%1.5%1.6M-6.2M-1.5M0.392.0572,78928,1351,062,440485,027
2023-05-02$7.45$7.5070.8%18.7%60.9%14.8%66.2%3.4%0.9%1.3M28.5M-1.4M0.352.2285,35130,2031,087,919492,317
2023-05-03$7.64$7.5071.3%19.2%58.9%15.8%67.9%3.0%-2.0%2.0M-2.5M-1.5M0.841.7365,89855,2661,108,669498,622
2023-05-04$8.04$7.5070.8%21.0%62.3%14.8%75.6%2.6%0.1%2.7M-52.7M-1.6M0.351.67107,82037,6671,115,759507,174
2023-05-05$8.18$7.5068.5%20.5%62.7%10.3%72.9%1.6%1.3%1.7M-66.0M-1.5M0.361.48123,07444,7511,114,868509,223
2023-05-08$8.27$7.5068.7%20.8%62.9%10.8%72.5%3.8%4.6%2.0M-61.7M-1.7M0.321.2469,75922,1991,088,491503,631
2023-05-09$8.16$7.5069.7%20.7%59.1%12.7%72.9%3.0%2.7%1.9M-48.6M-1.6M0.731.3638,81728,2371,110,781512,294
2023-05-10$8.11$7.5068.6%20.2%57.0%10.6%71.6%3.2%2.1%1.9M-42.0M-1.6M0.631.3284,67553,5301,121,545523,929
2023-05-11$8.39$7.5068.8%19.9%58.6%11.0%71.7%1.7%0.6%3.3M-80.6M-1.7M0.441.8979,22535,1401,144,011531,944
2023-05-12$7.96$7.5070.3%20.5%60.2%13.9%73.2%3.3%1.5%867.8K-16.0M-1.6M0.692.2179,74654,9331,154,762547,748
2023-05-15$8.23$7.5070.5%20.4%58.1%14.3%71.4%4.6%-3.4%1.9M-45.8M-1.6M0.461.9078,31036,2791,109,823537,446
2023-05-16$7.89$7.5073.9%21.3%58.9%22.6%74.6%4.3%-6.3%1.5M-16.6M-1.5M0.452.3455,77425,2061,141,100545,402
2023-05-17$8.02$7.5073.6%21.1%53.8%22.1%73.0%5.5%-6.2%2.6M-46.8M-1.6M0.691.9556,79039,0741,157,469545,074
2023-05-18$7.84$7.5073.6%21.3%49.5%22.0%74.8%4.1%-3.9%1.7M-18.3M-1.5M0.351.9798,32134,0681,172,014543,384
2023-05-19$8.07$7.5073.5%21.7%50.8%21.8%76.2%3.2%-6.6%2.7M-64.0M-1.6M0.291.53122,00235,4221,192,059552,130
2023-05-22$8.79$7.5069.7%21.0%59.4%13.9%75.1%-0.0%-0.8%3.7M-136.1M-1.8M0.372.22104,04638,5181,023,745479,025
2023-05-23$8.75$7.5071.2%21.8%56.4%17.0%77.4%0.7%-0.7%3.8M-125.3M-1.8M0.316.9933,55410,2621,061,828503,383
2023-05-24$7.95$7.5078.0%24.3%65.8%31.2%85.7%2.2%-2.5%2.1M-20.6M-1.6M0.626.8555,18234,4331,083,508517,650
2023-05-25$7.56$7.5076.4%23.6%67.0%28.0%85.1%0.5%-1.8%2.0M14.4M-1.6M0.562.3398,90155,4921,155,660547,057
2023-05-26$7.71$7.5075.6%23.1%67.4%26.3%82.3%0.2%-1.4%1.9M-10.2M-1.6M0.522.36105,44454,4321,182,501561,190
2023-05-30$7.45$7.5077.0%25.6%68.4%29.1%91.6%1.5%-3.0%1.7M5.7M-1.6M0.292.21107,21431,2881,097,102550,976
2023-05-31$7.45$7.5077.6%26.2%66.1%30.5%93.6%0.2%-4.6%1.7M3.0M-1.6M0.432.29123,63052,7141,124,377560,826