NIO Options History — July 2025

In July 2025, NIO traded between $3.40 and $5.00. ATM implied volatility averaged 66.3%, placing in the 29.0% IV rank vs the trailing year. The 30-day expected move averaged 19.1%. IV traded above realized volatility by 19.6% (HV 20d: 46.8%). Max pain ranged from $3.00 to $4.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.41.

Notable Days

2025-07-22: Highest Volume — 594,483 contracts
2025-07-11: Largest IV spike — 15.6% change
2025-07-22: Highest IV Rank — 53.7%
2025-07-22: Largest Expected Move — 23.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.23	$3.40	$5.00	$3.51	$4.88
Max Pain	$3.91	$3.00	$4.00	$3.00	$4.00
ATM IV	66.3%	50.8%	81.5%	50.8%	73.7%
Expected Move	19.1%	13.7%	23.8%	14.5%	21.5%
HV 20d	46.8%	32.5%	65.5%	40.7%	65.5%
HV 60d	48.9%	45.0%	54.8%	54.8%	50.7%
IV Rank	29.0%	3.6%	53.7%	3.6%	41.1%
IV Percentile	37.1%	0.4%	75.8%	0.4%	60.3%
Term Structure	0.8%	-4.0%	5.9%	1.4%	-1.9%
VWIV	69.3%	48.8%	89.1%	51.2%	77.6%
Skew 25d	-7.7%	-17.9%	1.5%	-1.9%	-10.1%
Skew 10d	-8.7%	-26.2%	50.7%	-13.0%	-16.9%
Call IV 25d	74.4%	53.9%	95.7%	54.1%	83.5%
Put IV 25d	66.8%	52.1%	79.9%	52.2%	73.4%
Bid-Ask Spread %	8.75	2.66	16.77	16.77	13.28
Gamma HHI	0.11	0.08	0.17	0.09	0.17
Net GEX	2.9M	171.5K	5.4M	482.9K	5.4M
Net DEX	-216.2M	-452.2M	25.5M	9.7M	-393.6M
Net VEX	-2.9M	-3.4M	-2.1M	-2.2M	-3.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.41	0.12	0.73	0.48	0.44
Total Volume	216,080.955	39,845	594,483	72,409	272,680
Total OI	3,617,145.591	3,098,623	4,106,072	3,098,623	4,106,072

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-07-01	$3.51	$3.00	50.8%	14.5%	40.7%	3.6%	51.2%	-1.9%	1.4%	482.9K	9.7M	-2.2M	0.48	16.77	48,882	23,527	1,837,787	1,260,836
2025-07-02	$3.48	$3.00	51.3%	13.7%	40.6%	4.5%	48.8%	-4.9%	2.8%	555.1K	19.9M	-2.1M	0.20	16.31	34,503	6,818	1,854,958	1,277,608
2025-07-03	$3.50	$4.00	51.7%	15.3%	34.4%	5.1%	56.1%	0.6%	0.7%	271.4K	15.5M	-2.2M	0.40	3.83	28,561	11,284	1,856,128	1,278,912
2025-07-07	$3.40	$4.00	55.9%	16.3%	32.5%	11.9%	58.2%	-1.9%	0.3%	171.5K	25.5M	-2.1M	0.35	3.09	59,886	20,987	1,836,279	1,275,503
2025-07-08	$3.51	$4.00	53.5%	15.6%	34.6%	8.1%	53.8%	1.5%	0.9%	419.0K	-12.7M	-2.3M	0.69	8.62	69,468	47,886	1,862,356	1,289,740
2025-07-09	$3.50	$4.00	53.8%	15.5%	34.6%	8.6%	57.8%	-0.8%	0.5%	554.0K	3.6M	-2.2M	0.73	2.66	32,856	24,090	1,888,221	1,309,925
2025-07-10	$3.67	$4.00	57.5%	16.7%	33.8%	14.6%	58.5%	-0.3%	0.6%	803.0K	-23.6M	-2.3M	0.34	4.76	121,477	41,588	1,895,834	1,337,458
2025-07-11	$3.90	$4.00	66.5%	18.7%	40.2%	29.3%	66.9%	-6.1%	-1.7%	2.1M	-134.8M	-2.6M	0.12	11.05	330,737	40,053	2,098,149	1,354,456
2025-07-14	$4.14	$4.00	71.0%	20.3%	42.9%	36.6%	74.1%	-4.6%	5.9%	3.2M	-212.1M	-2.8M	0.32	4.37	305,052	97,994	2,149,422	1,347,256
2025-07-15	$4.25	$4.00	71.3%	20.5%	40.7%	37.1%	75.2%	-6.5%	-4.0%	3.7M	-258.9M	-3.0M	0.43	5.09	163,738	70,859	2,254,353	1,394,987
2025-07-16	$4.12	$4.00	67.7%	19.4%	43.2%	31.2%	71.5%	-5.4%	2.7%	3.4M	-230.4M	-3.0M	0.42	14.72	100,920	42,507	2,284,021	1,424,938
2025-07-17	$4.42	$4.00	71.6%	20.4%	47.0%	37.6%	75.1%	-11.6%	2.7%	4.2M	-310.3M	-3.1M	0.22	4.88	368,404	82,499	2,294,830	1,437,955
2025-07-18	$4.42	$4.00	73.4%	20.8%	46.7%	40.6%	73.8%	-10.3%	2.8%	3.7M	-297.7M	-3.1M	0.31	4.19	161,336	49,888	2,387,001	1,466,253
2025-07-21	$4.51	$4.00	70.6%	20.3%	46.1%	36.0%	74.9%	-13.8%	2.3%	4.2M	-318.2M	-3.2M	0.41	12.55	187,903	77,533	2,307,463	1,448,578
2025-07-22	$5.00	$4.00	81.5%	23.8%	55.5%	53.7%	89.1%	-15.8%	-0.0%	5.4M	-452.2M	-3.4M	0.39	4.79	427,929	166,554	2,338,457	1,479,660
2025-07-23	$4.92	$4.00	78.5%	22.9%	56.8%	48.9%	85.0%	-12.3%	-1.9%	4.9M	-417.5M	-3.4M	0.41	4.41	235,436	96,767	2,380,616	1,535,810
2025-07-24	$4.83	$4.00	74.9%	21.5%	57.7%	42.9%	76.6%	-11.9%	0.5%	4.7M	-381.2M	-3.3M	0.52	12.70	148,835	77,301	2,411,564	1,572,992
2025-07-25	$4.92	$4.00	72.1%	20.8%	56.3%	38.4%	73.9%	-8.6%	-1.1%	4.1M	-412.1M	-3.4M	0.72	12.51	129,582	93,769	2,451,026	1,587,986
2025-07-28	$4.83	$4.00	71.9%	20.8%	57.7%	38.1%	76.4%	-10.9%	3.4%	3.9M	-370.1M	-3.3M	0.28	3.63	107,665	29,802	2,369,172	1,584,469
2025-07-29	$4.72	$4.00	71.3%	20.7%	59.1%	37.1%	75.3%	-14.9%	1.6%	3.8M	-333.4M	-3.3M	0.52	13.82	120,766	63,100	2,391,819	1,596,238
2025-07-30	$4.53	$4.00	69.2%	20.1%	62.4%	33.6%	74.2%	-17.9%	-0.4%	3.1M	-270.8M	-3.2M	0.35	14.56	98,200	34,159	2,431,008	1,629,107
2025-07-31	$4.88	$4.00	73.7%	21.5%	65.5%	41.1%	77.6%	-10.1%	-1.9%	5.4M	-393.6M	-3.3M	0.44	13.28	189,540	83,140	2,463,954	1,642,118