NIO Options History — April 2025

In April 2025, NIO traded between $3.05 and $4.30. ATM implied volatility averaged 76.5%, placing in the 35.9% IV rank vs the trailing year. The 30-day expected move averaged 21.6%. IV traded below realized volatility by 0.9% (HV 20d: 77.4%). Max pain ranged from $4.50 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.46.

Notable Days

  • 2025-04-04: Highest Volume — 458,940 contracts
  • 2025-04-04: Largest IV spike — 21.1% change
  • 2025-04-08: Highest IV Rank — 83.3%
  • 2025-04-10: Largest Expected Move — 28.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.70$3.05$4.30$3.87$4.04
Max Pain$4.83$4.50$5.00$5.00$4.50
ATM IV76.5%65.6%101.2%66.0%68.9%
Expected Move21.6%18.6%28.7%18.6%18.9%
HV 20d77.4%62.3%88.3%87.3%79.1%
HV 60d71.2%65.5%76.0%65.7%76.0%
IV Rank35.9%15.0%83.3%15.7%21.4%
IV Percentile48.6%11.5%98.0%12.7%26.6%
Term Structure1.9%-13.6%40.8%-0.5%2.0%
VWIV78.1%66.8%106.9%69.7%73.5%
Skew 25d2.0%-8.3%16.1%-8.3%-2.9%
Skew 10d6.2%-31.8%40.4%-18.6%-31.8%
Call IV 25d76.9%63.9%97.7%74.7%73.4%
Put IV 25d79.0%66.5%107.9%66.5%70.5%
Bid-Ask Spread %16.533.1353.464.4922.85
Gamma HHI0.110.100.160.140.11
Net GEX944.6K46.2K2.4M843.6K1.7M
Net DEX24.7M-93.5M94.1M25.6M-43.8M
Net VEX-2.4M-2.7M-2.0M-2.4M-2.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.231.410.390.31
Total Volume170,964.76264,605458,940162,10274,620
Total OI3,803,215.9523,424,9494,198,3183,719,8533,559,278

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$3.87$5.0066.0%18.6%87.3%15.7%69.7%-8.3%-0.5%843.6K25.6M-2.4M0.394.49117,01245,0902,442,5391,277,314
2025-04-02$3.81$5.0065.8%18.6%86.8%15.4%66.8%-5.3%-0.5%573.6K38.5M-2.4M0.264.6151,24913,3562,469,9341,301,359
2025-04-03$3.74$5.0069.9%19.9%86.7%23.2%73.6%-5.0%-0.4%46.2K63.3M-2.3M0.3625.9958,28521,0332,488,2481,306,433
2025-04-04$3.46$5.0084.6%23.1%87.7%51.5%87.4%-3.3%2.5%162.7K86.4M-2.2M0.3023.66352,250106,6902,504,8481,309,720
2025-04-07$3.31$5.0093.7%25.7%88.3%69.0%93.7%-1.7%-4.0%292.3K86.5M-2.1M0.6816.49129,61887,7262,502,7061,294,631
2025-04-08$3.05$5.00101.2%27.7%62.3%83.3%97.6%10.2%-2.2%135.7K94.1M-2.0M0.5323.76287,520152,7212,568,2161,321,218
2025-04-09$3.31$5.0083.5%22.8%73.3%49.4%82.7%7.8%-4.4%408.2K48.9M-2.4M0.7918.77119,68894,9532,652,4631,389,686
2025-04-10$3.25$5.0095.3%28.7%70.8%72.0%106.9%16.1%40.8%885.0K41.1M-2.2M0.4553.46178,90480,0152,674,1841,428,408
2025-04-11$3.50$5.0088.3%25.2%76.4%58.5%88.0%11.9%0.1%596.7K75.2M-2.3M0.5225.92104,01553,7232,708,9601,464,615
2025-04-14$3.63$5.0079.4%22.7%77.1%41.5%79.8%6.7%-2.3%1.0M51.5M-2.3M0.3524.71182,37864,0002,647,2171,451,941
2025-04-15$3.63$5.0074.2%21.3%75.3%31.4%76.0%4.4%1.1%356.1K58.3M-2.3M1.4125.7851,53672,4792,708,5851,454,327
2025-04-16$3.50$5.0075.3%21.6%75.4%33.6%78.7%1.0%-13.6%759.0K76.9M-2.2M0.5820.0142,07224,4032,725,0151,465,544
2025-04-17$3.54$5.0074.3%21.3%70.8%31.7%75.8%-0.7%1.7%291.2K66.2M-2.3M0.3225.2183,12726,9322,731,6341,466,684
2025-04-21$3.60$5.0075.9%21.7%70.8%34.7%75.6%7.8%15.0%539.3K43.0M-2.3M0.445.7156,30624,9502,093,2631,331,686
2025-04-22$3.75$4.5072.4%20.1%72.8%28.0%72.2%4.2%-0.1%903.8K17.0M-2.4M0.454.4571,86432,1972,119,5751,343,784
2025-04-23$3.95$4.5069.9%19.4%75.9%23.3%69.4%-0.3%-2.2%1.6M-23.4M-2.5M0.233.92118,12927,3522,142,3181,366,093
2025-04-24$4.17$4.5066.3%19.1%78.0%16.3%68.3%-1.4%1.4%2.3M-73.8M-2.6M0.384.95128,37449,2612,171,3311,375,105
2025-04-25$4.00$4.5065.6%18.7%76.3%15.0%66.9%-0.7%2.2%1.6M-34.6M-2.6M0.264.2681,59521,0402,212,7581,388,571
2025-04-28$4.30$4.5067.5%19.2%77.0%18.7%68.3%1.7%3.9%2.3M-93.5M-2.7M0.323.13145,80446,5182,147,2311,329,481
2025-04-29$4.21$4.5068.0%19.2%77.6%19.5%68.3%-0.1%0.3%2.4M-84.0M-2.7M0.334.8983,68527,7902,184,9191,345,713
2025-04-30$4.04$4.5068.9%18.9%79.1%21.4%73.5%-2.9%2.0%1.7M-43.8M-2.6M0.3122.8557,00317,6172,201,7591,357,519