NIO Options History — September 2025

In September 2025, NIO traded between $5.70 and $7.56. ATM implied volatility averaged 75.1%, placing in the 43.4% IV rank vs the trailing year. The 30-day expected move averaged 21.3%. IV traded below realized volatility by 7.4% (HV 20d: 82.5%). Max pain ranged from $4.00 to $7.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.35.

Notable Days

  • 2025-09-10: Highest Volume — 438,183 contracts
  • 2025-09-23: Largest IV drop — 9.0% change
  • 2025-09-02: Highest IV Rank — 58.7%
  • 2025-09-17: Largest Expected Move — 23.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.73$5.70$7.56$6.54$7.56
Max Pain$5.79$4.00$7.00$4.00$7.00
ATM IV75.1%67.8%84.5%84.5%72.4%
Expected Move21.3%19.0%23.2%22.7%21.2%
HV 20d82.5%68.1%90.2%84.8%70.8%
HV 60d71.2%66.8%74.8%66.8%74.7%
IV Rank43.4%31.4%58.7%58.7%39.0%
IV Percentile57.7%30.2%81.3%81.3%51.6%
Term Structure-0.2%-2.5%2.0%-2.4%1.0%
VWIV80.3%71.9%87.4%84.7%79.0%
Skew 25d-13.2%-17.1%-8.6%-13.8%-12.4%
Skew 10d-24.1%-40.3%-8.3%-30.2%-24.2%
Call IV 25d87.1%80.7%97.8%97.8%82.5%
Put IV 25d73.9%65.5%84.0%84.0%70.0%
Bid-Ask Spread %10.673.0930.535.033.29
Gamma HHI0.120.090.150.110.13
Net GEX7.0M4.1M10.8M6.6M8.7M
Net DEX-814.5M-1.16B-525.8M-809.2M-935.7M
Net VEX-4.1M-4.5M-3.7M-3.9M-4.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.180.650.560.38
Total Volume285,573.905144,686438,183374,294289,111
Total OI4,397,831.2864,033,2644,793,7034,376,6024,200,041

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-09-02$6.54$4.0084.5%22.7%84.8%58.7%84.7%-13.8%-2.4%6.6M-809.2M-3.9M0.565.03239,363134,9312,531,7591,844,843
2025-09-03$6.29$4.0082.2%21.9%85.9%54.9%79.8%-11.9%-0.3%5.5M-715.6M-3.9M0.444.04185,48781,1332,574,3021,881,635
2025-09-04$6.11$5.0076.3%21.2%87.3%45.3%80.2%-13.9%-2.5%4.5M-657.2M-3.8M0.353.72219,25776,0312,615,3841,884,033
2025-09-05$5.96$5.0073.1%20.9%88.4%40.0%83.7%-9.6%1.0%4.1M-603.3M-3.8M0.443.13148,97965,7332,644,0531,899,358
2025-09-08$6.13$5.0071.4%20.3%88.1%37.2%79.1%-12.2%0.1%5.0M-660.3M-3.8M0.313.09136,93742,9572,479,8941,799,427
2025-09-09$6.24$5.0073.7%20.7%88.2%41.1%79.4%-10.6%-0.9%5.7M-707.8M-3.8M0.423.54101,87942,8072,528,0991,815,075
2025-09-10$5.70$5.0071.4%20.1%88.4%37.2%77.1%-9.2%-1.6%4.1M-525.8M-3.7M0.653.40265,873172,3102,570,8451,833,330
2025-09-11$6.08$5.0072.5%20.4%90.2%39.0%77.6%-8.6%-1.6%6.1M-679.7M-3.9M0.273.53162,33543,5552,661,4911,846,915
2025-09-12$6.21$5.0076.3%21.7%88.4%45.3%83.2%-11.6%-1.4%6.3M-734.6M-3.9M0.293.39184,61953,8192,706,6121,857,224
2025-09-15$6.50$5.5079.8%22.6%86.7%50.9%84.7%-11.3%-0.0%7.6M-836.1M-4.0M0.1918.66242,68647,1132,671,7271,799,677
2025-09-16$7.04$5.5081.3%23.2%89.7%53.4%84.1%-13.8%-1.7%9.6M-1.03B-4.1M0.2419.13293,12171,4862,702,3771,816,921
2025-09-17$7.41$5.5081.1%23.2%90.0%53.0%86.2%-12.8%-0.8%10.5M-1.16B-4.1M0.2918.30337,16896,3852,714,5781,849,343
2025-09-18$7.39$6.0078.8%22.5%90.0%49.3%85.2%-15.2%1.8%10.8M-1.16B-4.2M0.4125.53255,595104,8302,750,5701,884,301
2025-09-19$7.38$7.0079.4%22.6%86.6%50.3%87.4%-15.4%2.0%7.9M-1.15B-4.4M0.2725.35232,51862,6792,845,5091,948,194
2025-09-22$6.95$7.0077.2%22.5%76.7%46.7%83.7%-17.1%-0.1%7.5M-764.9M-4.3M0.3310.34274,48789,6832,405,1621,628,102
2025-09-23$6.96$7.0070.3%20.1%75.2%35.4%76.6%-16.8%-0.3%6.9M-747.2M-4.3M0.3210.41163,27851,5402,449,8511,723,536
2025-09-24$7.11$7.0068.5%19.6%69.9%32.5%74.7%-16.9%-0.3%7.2M-785.6M-4.3M0.389.78168,10063,0572,482,9181,760,113
2025-09-25$7.42$7.0071.0%20.5%68.1%36.6%74.7%-15.5%0.4%9.7M-901.9M-4.5M0.1830.53274,12050,2882,517,1121,784,239
2025-09-26$7.08$7.0067.8%19.0%70.5%31.4%71.9%-15.2%2.0%5.5M-762.6M-4.3M0.289.63232,17465,1292,524,3561,791,230
2025-09-29$7.19$7.0068.9%19.8%69.6%33.1%73.5%-14.5%1.4%6.6M-786.2M-4.4M0.4210.15123,17551,3242,408,2601,722,061
2025-09-30$7.56$7.0072.4%21.2%70.8%39.0%79.0%-12.4%1.0%8.7M-935.7M-4.4M0.383.29209,92179,1902,454,0691,745,972