NIO Options History — February 2025

In February 2025, NIO traded between $4.05 and $4.81. ATM implied volatility averaged 78.2%, placing in the 36.2% IV rank vs the trailing year. The 30-day expected move averaged 22.5%. IV traded above realized volatility by 33.5% (HV 20d: 44.7%). Max pain ranged from $4.00 to $4.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.29.

Notable Days

  • 2025-02-27: Highest Volume — 505,179 contracts
  • 2025-02-24: Largest IV spike — 8.0% change
  • 2025-02-27: Highest IV Rank — 71.6%
  • 2025-02-27: Largest Expected Move — 29.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.36$4.05$4.81$4.31$4.58
Max Pain$4.03$4.00$4.50$4.00$4.50
ATM IV78.2%70.5%95.8%74.2%91.6%
Expected Move22.5%17.8%29.0%19.3%27.5%
HV 20d44.7%38.4%55.9%42.2%55.9%
HV 60d54.2%52.6%56.9%56.9%54.3%
IV Rank36.2%20.6%71.6%28.2%63.2%
IV Percentile61.3%33.7%96.8%50.4%95.6%
Term Structure-2.0%-29.0%3.5%1.6%-0.2%
VWIV83.9%65.4%104.0%74.2%102.1%
Skew 25d-11.9%-16.1%-5.6%-14.7%-11.7%
Skew 10d-25.6%-40.6%-15.1%-35.3%-22.3%
Call IV 25d89.2%77.6%108.5%86.4%102.7%
Put IV 25d77.3%68.7%93.7%71.7%90.9%
Bid-Ask Spread %8.993.0128.1217.473.63
Gamma HHI0.150.120.170.140.12
Net GEX2.2M988.7K4.8M2.1M2.5M
Net DEX-89.2M-232.3M-18.4M-80.1M-174.0M
Net VEX-2.5M-2.9M-2.2M-2.4M-2.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.140.470.430.33
Total Volume184,038.68487,514505,179151,751245,180
Total OI3,066,803.8952,856,8343,259,1802,856,8343,236,006

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-02-03$4.31$4.0074.2%19.3%42.2%28.2%74.2%-14.7%1.6%2.1M-80.1M-2.4M0.4317.47106,44045,3111,798,2071,058,627
2025-02-04$4.39$4.0073.9%20.0%41.6%27.5%75.0%-9.0%2.8%2.5M-97.0M-2.5M0.2810.1895,12226,8471,840,1351,095,243
2025-02-05$4.20$4.0071.9%17.8%43.6%23.5%65.4%-15.4%1.0%1.5M-44.3M-2.3M0.2723.2077,48420,5741,875,7841,104,534
2025-02-06$4.21$4.0070.8%20.7%42.1%21.4%82.3%-10.6%1.8%1.7M-42.9M-2.3M0.446.2775,40833,1691,894,5791,111,208
2025-02-07$4.22$4.0070.5%20.4%39.2%20.6%76.5%-8.5%1.9%1.4M-42.1M-2.3M0.434.2460,99226,5221,906,2801,126,887
2025-02-10$4.31$4.0073.7%21.1%38.4%27.2%78.1%-8.0%-0.4%1.6M-57.2M-2.3M0.143.01125,79917,5261,835,4741,113,546
2025-02-11$4.05$4.0071.1%20.7%43.3%22.0%77.8%-15.4%0.2%988.7K-18.4M-2.2M0.314.62101,10031,1651,888,0091,116,860
2025-02-12$4.21$4.0072.0%20.5%45.5%23.7%78.8%-5.6%0.1%1.6M-46.3M-2.3M0.415.7999,29240,9841,929,7031,134,004
2025-02-13$4.25$4.0073.2%20.6%45.6%26.2%75.4%-13.3%-1.8%1.7M-49.4M-2.4M0.475.1680,16438,0731,970,8531,164,693
2025-02-14$4.42$4.0076.8%21.8%47.1%33.4%80.2%-8.1%-2.8%2.2M-87.5M-2.5M0.244.29166,33840,1052,010,6741,183,885
2025-02-18$4.37$4.0078.0%22.3%45.2%35.9%84.8%-14.1%1.0%2.2M-79.3M-2.5M0.213.9199,88121,3721,985,1841,159,694
2025-02-19$4.38$4.0076.0%21.8%43.5%31.9%81.8%-12.1%-9.3%2.6M-91.6M-2.5M0.314.0585,03525,9822,027,7021,169,951
2025-02-20$4.37$4.0078.5%22.6%43.3%36.9%81.7%-12.0%-2.5%2.7M-77.3M-2.4M0.303.9592,61127,9932,051,2761,176,434
2025-02-21$4.44$4.0077.2%23.6%41.8%34.3%86.9%-10.8%-29.0%1.8M-99.1M-2.6M0.2023.12254,40051,6232,076,8201,182,360
2025-02-24$4.36$4.0083.4%24.5%40.7%46.8%93.7%-15.2%-0.9%1.8M-85.8M-2.5M0.2628.12127,16632,4511,787,6141,100,836
2025-02-25$4.29$4.0086.3%25.4%41.2%52.6%96.2%-13.7%-4.2%1.8M-81.3M-2.5M0.153.86167,54625,5261,852,3871,116,024
2025-02-26$4.74$4.0090.4%26.9%54.3%60.8%98.7%-11.0%3.5%3.8M-208.5M-2.9M0.164.32366,94559,4301,923,2061,125,864
2025-02-27$4.81$4.0095.8%29.0%54.0%71.6%104.0%-16.1%-1.0%4.8M-232.3M-2.9M0.2311.65411,76793,4121,998,5411,140,190
2025-02-28$4.58$4.5091.6%27.5%55.9%63.2%102.1%-11.7%-0.2%2.5M-174.0M-2.9M0.333.63183,74461,4362,052,1981,183,808