NIO Options History — January 2025

In January 2025, NIO traded between $4.08 and $4.70. ATM implied volatility averaged 65.0%, placing in the 9.7% IV rank vs the trailing year. The 30-day expected move averaged 18.9%. IV traded above realized volatility by 15.9% (HV 20d: 49.1%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.33.

Notable Days

  • 2025-01-17: Highest Volume — 237,258 contracts
  • 2025-01-22: Largest IV spike — 9.6% change
  • 2025-01-30: Highest IV Rank — 18.4%
  • 2025-01-07: Largest Expected Move — 20.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.31$4.08$4.70$4.52$4.33
Max Pain$4.53$4.00$5.00$5.00$4.50
ATM IV65.0%60.2%69.3%62.7%68.6%
Expected Move18.9%16.7%20.9%18.4%18.8%
HV 20d49.1%41.5%64.3%62.2%43.9%
HV 60d62.0%57.0%65.7%65.7%57.1%
IV Rank9.7%0.0%18.4%4.9%16.9%
IV Percentile9.5%0.0%27.0%2.4%21.4%
Term Structure1.9%-2.4%6.1%0.6%6.1%
VWIV71.6%62.7%76.6%76.1%66.8%
Skew 25d-11.3%-22.0%-6.2%-13.1%-11.6%
Skew 10d-22.0%-41.5%-10.4%-23.7%-27.9%
Call IV 25d74.5%68.8%80.3%73.7%74.8%
Put IV 25d63.2%53.3%67.0%60.6%63.2%
Bid-Ask Spread %10.861.8929.173.7029.17
Gamma HHI0.150.120.210.120.14
Net GEX1.5M144.7K3.7M2.2M1.9M
Net DEX-43.5M-116.2M30.1M-77.3M-77.4M
Net VEX-2.3M-2.5M-2.1M-2.4M-2.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.330.130.560.220.22
Total Volume147,178.878,667237,258191,346152,971
Total OI3,148,731.152,611,9513,539,4763,370,9522,942,131

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$4.52$5.0062.7%18.4%62.2%4.9%76.1%-13.1%0.6%2.2M-77.3M-2.4M0.223.70157,28034,0662,252,7191,118,233
2025-01-03$4.64$5.0060.2%16.7%62.8%0.0%62.7%-8.8%0.7%2.0M-98.3M-2.5M0.332.67102,70634,1842,280,2291,122,045
2025-01-06$4.70$5.0063.3%20.3%62.9%6.2%72.9%-13.0%3.4%2.5M-116.2M-2.5M0.403.24168,35667,9012,230,4051,101,392
2025-01-07$4.53$5.0065.1%20.9%64.3%9.9%74.1%-11.5%3.2%1.8M-69.3M-2.4M0.463.6283,92038,2502,279,8121,136,045
2025-01-08$4.33$5.0066.3%19.3%52.0%12.3%73.4%-11.4%1.6%1.1M-26.0M-2.3M0.542.9093,18950,1842,305,1851,149,782
2025-01-10$4.20$5.0062.6%18.7%46.2%4.7%76.2%-10.7%1.8%612.9K9.2M-2.2M0.562.1991,13950,7622,333,5481,178,471
2025-01-13$4.08$5.0065.5%19.1%46.6%10.8%76.6%-6.2%0.5%280.4K30.1M-2.1M0.431.8992,91940,0792,266,2741,152,806
2025-01-14$4.08$5.0063.3%18.8%46.6%6.2%73.7%-6.6%2.2%327.0K27.3M-2.1M0.232.1175,60117,2602,290,0661,166,883
2025-01-15$4.09$5.0064.1%18.5%46.3%7.9%69.2%-10.7%1.2%144.7K27.7M-2.1M0.223.5489,55219,4172,303,8231,173,206
2025-01-16$4.17$4.0060.8%18.2%46.8%1.1%72.0%-9.9%2.5%653.1K3.6M-2.2M0.522.6492,95647,9072,345,3041,176,413
2025-01-17$4.34$4.0064.5%18.5%48.1%8.7%71.3%-12.0%-0.2%1.5M-30.8M-2.3M0.262.78188,05149,2072,367,6571,171,819
2025-01-21$4.20$4.0063.3%18.2%45.2%6.2%76.1%-8.9%-0.6%1.2M-36.7M-2.2M0.2122.80123,56125,5801,612,498999,453
2025-01-22$4.26$4.0069.3%19.9%44.7%18.4%75.4%-12.4%-0.9%1.8M-56.3M-2.2M0.2210.40105,73323,7661,677,1591,016,553
2025-01-23$4.13$4.0063.3%18.0%43.9%6.3%66.8%-11.2%3.2%1.1M-32.2M-2.2M0.3017.1376,22322,9591,713,2441,031,303
2025-01-24$4.28$4.0067.1%19.2%46.1%14.0%69.0%-22.0%1.3%1.5M-59.5M-2.3M0.3116.32140,59543,1271,736,8381,039,076
2025-01-27$4.28$4.0068.4%19.5%45.0%16.6%71.9%-13.3%6.1%1.8M-63.6M-2.3M0.4410.37116,78751,9431,711,8921,031,024
2025-01-28$4.29$4.0068.6%19.3%44.1%17.0%67.2%-8.6%-2.4%2.1M-64.5M-2.3M0.2027.91101,81320,5671,760,3871,057,751
2025-01-29$4.24$4.5064.0%18.3%41.5%7.7%73.0%-13.6%3.5%2.0M-68.4M-2.4M0.3622.5657,92420,7431,793,7571,069,860
2025-01-30$4.41$4.5069.3%19.1%43.4%18.4%68.5%-10.3%4.5%3.7M-91.9M-2.4M0.1329.16153,74820,6501,806,4381,073,142
2025-01-31$4.33$4.5068.6%18.8%43.9%16.9%66.8%-11.6%6.1%1.9M-77.4M-2.4M0.2229.17125,34527,6261,863,5741,078,557