NIO Options History — March 2025

In March 2025, NIO traded between $3.76 and $5.24. ATM implied volatility averaged 79.0%, placing in the 38.7% IV rank vs the trailing year. The 30-day expected move averaged 24.3%. IV traded below realized volatility by 2.7% (HV 20d: 81.7%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.37.

Notable Days

  • 2025-03-21: Highest Volume — 568,800 contracts
  • 2025-03-21: Largest IV drop — 10.0% change
  • 2025-03-12: Highest IV Rank — 68.1%
  • 2025-03-13: Largest Expected Move — 34.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.53$3.76$5.24$4.22$3.81
Max Pain$4.71$4.00$5.00$4.50$5.00
ATM IV79.0%57.8%94.0%86.4%67.2%
Expected Move24.3%17.8%34.2%27.1%18.6%
HV 20d81.7%61.7%95.5%63.1%87.1%
HV 60d61.0%52.4%66.0%56.7%66.0%
IV Rank38.7%0.0%68.1%52.8%18.1%
IV Percentile59.0%0.0%96.8%88.1%16.3%
Term Structure-2.5%-17.4%5.0%2.5%1.0%
VWIV89.9%65.5%124.8%103.8%66.5%
Skew 25d-10.9%-16.1%-4.4%-12.7%-4.4%
Skew 10d-22.6%-43.1%-1.0%-28.5%-1.0%
Call IV 25d89.3%69.9%106.4%102.3%73.5%
Put IV 25d78.4%60.2%91.0%89.6%69.0%
Bid-Ask Spread %12.302.4433.0030.636.16
Gamma HHI0.140.120.200.130.15
Net GEX2.6M-1.2M6.0M1.7M565.1K
Net DEX-134.1M-342.2M48.5M-74.1M37.1M
Net VEX-2.9M-3.3M-2.4M-2.6M-2.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.100.870.350.81
Total Volume275,123135,913568,800301,123250,084
Total OI3,537,892.7143,151,1383,827,0873,151,1383,652,440

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$4.22$4.5086.4%27.1%63.1%52.8%103.8%-12.7%2.5%1.7M-74.1M-2.6M0.3530.63223,83377,2902,008,8531,142,285
2025-03-04$4.25$4.5088.3%26.9%63.1%56.5%100.6%-12.2%-17.4%1.6M-78.9M-2.7M0.4112.92112,58345,7252,068,8641,180,255
2025-03-05$4.34$4.5088.6%26.9%63.2%57.2%99.9%-9.2%-3.3%2.0M-98.1M-2.8M0.3112.93147,13045,6872,113,3061,206,225
2025-03-06$4.24$4.5084.9%25.8%61.7%49.7%103.8%-12.2%-0.7%1.7M-73.6M-2.8M0.104.42186,02519,4062,206,3651,238,242
2025-03-07$4.45$4.5086.2%25.2%64.0%52.3%91.5%-12.6%-3.6%2.4M-115.2M-2.9M0.355.84119,94042,2142,253,2851,234,125
2025-03-10$4.46$4.0088.4%29.3%64.0%56.7%105.5%-11.5%-3.0%2.6M-129.3M-2.9M0.2423.21241,75758,2442,164,0011,186,083
2025-03-11$5.24$4.0092.7%32.7%85.2%65.4%118.5%-16.1%-1.2%5.6M-342.2M-3.3M0.2621.28442,623113,4782,231,3631,192,730
2025-03-12$5.11$4.5094.0%33.3%82.0%68.1%120.3%-14.4%-3.6%5.2M-301.3M-3.3M0.2721.13305,54782,8442,265,7461,231,172
2025-03-13$4.75$4.5090.8%34.2%86.5%61.7%124.8%-11.0%-4.1%3.4M-192.8M-3.1M0.2333.00282,36864,9392,329,1191,255,671
2025-03-14$4.89$4.5085.4%32.2%86.9%50.7%116.6%-10.2%-1.7%4.0M-223.5M-3.2M0.3719.57145,90554,5022,380,5781,264,513
2025-03-17$5.03$5.0083.8%22.2%86.5%47.6%80.2%-15.1%-3.8%4.8M-258.0M-3.2M0.354.21120,94142,2662,297,2411,224,249
2025-03-18$5.19$5.0084.8%21.8%86.6%49.5%79.6%-11.7%-5.1%5.7M-304.9M-3.2M0.475.28197,49692,7122,342,6131,238,955
2025-03-19$5.17$5.0078.7%21.3%86.7%37.3%78.0%-9.7%-9.5%6.0M-302.2M-3.3M0.2827.07117,12432,6312,389,8851,265,508
2025-03-20$4.71$5.0074.9%20.7%93.9%29.6%77.0%-8.5%-1.4%3.5M-164.4M-3.0M0.473.86261,089123,4692,427,9081,273,858
2025-03-21$4.51$5.0067.4%19.3%95.2%14.5%79.2%-9.8%-1.6%-1.2M-87.6M-2.8M0.223.02467,585101,2152,520,1351,306,952
2025-03-24$4.39$5.0065.2%18.6%95.5%10.0%68.2%-11.6%-0.3%1.9M-71.9M-2.7M0.367.01139,20450,4082,328,4161,189,250
2025-03-25$4.38$5.0063.4%18.5%95.3%6.5%66.1%-10.9%1.6%2.4M-76.0M-2.7M0.382.4498,61037,3032,385,3831,201,018
2025-03-26$4.24$5.0057.8%17.8%88.5%0.0%65.5%-10.8%5.0%1.4M-30.8M-2.6M0.385.08121,25745,6232,418,4401,220,748
2025-03-27$3.99$5.0063.4%18.1%90.2%10.8%70.6%-6.9%-0.3%66.1K22.3M-2.5M0.294.16329,26096,1812,452,6111,227,583
2025-03-28$3.76$5.0067.0%18.8%90.9%17.8%71.2%-7.8%-1.7%387.7K48.5M-2.4M0.875.13129,190111,8952,508,9581,270,815
2025-03-31$3.81$5.0067.2%18.6%87.1%18.1%66.5%-4.4%1.0%565.1K37.1M-2.4M0.816.16138,358111,7262,413,8711,238,569