NIO Options History — January 2026

In January 2026, NIO traded between $4.55 and $5.16. ATM implied volatility averaged 56.7%, placing in the 15.6% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded above realized volatility by 7.1% (HV 20d: 49.6%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.26.

Notable Days

2026-01-06: Highest Volume — 220,000 contracts
2026-01-12: Largest IV spike — 19.6% change
2026-01-02: Highest IV Rank — 26.4%
2026-01-02: Largest Expected Move — 18.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.73	$4.55	$5.16	$5.16	$4.74
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	56.7%	50.8%	62.5%	62.5%	56.3%
Expected Move	16.2%	15.1%	18.9%	18.9%	16.6%
HV 20d	49.6%	43.2%	54.8%	43.2%	44.2%
HV 60d	46.3%	43.7%	50.5%	50.5%	46.0%
IV Rank	15.6%	4.3%	26.4%	26.4%	14.7%
IV Percentile	15.6%	2.4%	26.2%	21.0%	19.0%
Term Structure	1.1%	-4.7%	10.3%	0.5%	10.0%
VWIV	61.0%	57.1%	67.5%	67.5%	59.0%
Skew 25d	-10.0%	-18.5%	-5.0%	-6.9%	-17.9%
Skew 10d	-19.0%	-40.0%	33.1%	-16.3%	-40.0%
Call IV 25d	64.7%	58.8%	71.2%	70.7%	63.9%
Put IV 25d	54.7%	44.2%	63.8%	63.8%	45.9%
Bid-Ask Spread %	12.39	9.33	17.42	10.79	13.18
Gamma HHI	0.13	0.11	0.17	0.13	0.12
Net GEX	2.7M	1.9M	4.4M	4.4M	2.8M
Net DEX	-132.2M	-279.8M	-79.0M	-279.8M	-159.9M
Net VEX	-2.8M	-3.0M	-2.6M	-3.0M	-3.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.26	0.11	0.52	0.23	0.20
Total Volume	114,893.8	53,317	220,000	187,531	69,844
Total OI	3,726,078.45	2,984,338	4,303,691	4,229,830	3,288,738

Daily Data (20 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
2026-01-02	$5.16	$5.00	62.5%	18.9%	43.2%	26.4%	67.5%	-6.9%	0.5%	4.4M	-279.8M	-3.0M	0.23	10.79	153,047	34,484	2,554,391	1,675,439
2026-01-05	$4.87	$5.00	61.2%	17.6%	45.3%	24.1%	63.9%	-13.9%	-0.4%	3.6M	-167.0M	-2.8M	0.50	9.33	125,676	62,719	2,448,594	1,664,229
2026-01-06	$4.78	$5.00	59.3%	16.8%	45.5%	20.4%	59.9%	-10.1%	-0.1%	3.3M	-132.5M	-2.8M	0.15	13.32	191,025	28,975	2,500,620	1,694,336
2026-01-07	$4.80	$5.00	59.9%	16.7%	45.2%	21.5%	62.5%	-12.0%	0.2%	3.2M	-139.8M	-2.8M	0.33	10.14	67,780	22,336	2,505,624	1,709,945
2026-01-08	$4.74	$5.00	55.1%	15.7%	45.0%	12.4%	59.4%	-5.5%	1.3%	2.4M	-111.4M	-2.7M	0.11	11.17	124,961	13,211	2,502,876	1,714,090
2026-01-09	$4.66	$5.00	50.8%	15.1%	45.0%	4.3%	57.1%	-7.0%	2.4%	2.2M	-103.2M	-2.7M	0.20	11.79	116,657	22,829	2,534,555	1,698,734
2026-01-12	$4.91	$5.00	60.8%	16.1%	49.1%	23.2%	60.9%	-8.0%	-4.6%	3.4M	-177.2M	-2.8M	0.17	10.89	126,273	21,414	2,492,930	1,685,257
2026-01-13	$4.71	$5.00	56.0%	15.9%	50.9%	14.1%	60.4%	-7.1%	-0.2%	2.6M	-115.2M	-2.7M	0.24	10.33	59,859	14,215	2,525,287	1,697,569
2026-01-14	$4.55	$5.00	55.5%	15.3%	52.0%	13.3%	59.3%	-14.4%	-2.7%	1.9M	-79.0M	-2.6M	0.52	11.84	56,998	29,662	2,549,963	1,698,827
2026-01-15	$4.63	$5.00	56.1%	15.4%	52.5%	14.4%	62.7%	-8.9%	-4.7%	2.1M	-98.6M	-2.7M	0.21	12.17	75,070	15,834	2,571,553	1,710,619
2026-01-16	$4.70	$5.00	54.0%	15.3%	52.4%	10.4%	59.9%	-7.0%	-0.1%	2.2M	-126.0M	-2.8M	0.26	12.31	64,229	16,731	2,606,530	1,697,161
2026-01-20	$4.56	$5.00	55.7%	15.9%	52.9%	13.5%	61.8%	-9.4%	-2.2%	1.9M	-91.8M	-2.7M	0.41	14.26	75,776	30,937	1,715,195	1,269,143
2026-01-21	$4.67	$5.00	55.4%	15.9%	53.6%	13.1%	62.3%	-7.5%	-0.7%	2.2M	-103.3M	-2.8M	0.16	11.81	74,991	11,863	1,737,930	1,289,232
2026-01-22	$4.78	$5.00	58.6%	16.8%	54.5%	19.1%	62.3%	-7.8%	-0.9%	2.9M	-145.6M	-2.8M	0.21	13.96	99,556	20,521	1,776,720	1,290,393
2026-01-23	$4.64	$5.00	53.9%	15.4%	54.8%	10.1%	61.4%	-9.3%	0.6%	2.3M	-113.7M	-2.8M	0.26	12.98	49,537	12,730	1,823,283	1,298,693
2026-01-26	$4.58	$5.00	54.4%	16.0%	54.8%	11.2%	60.5%	-13.5%	5.7%	2.1M	-103.7M	-2.7M	0.15	10.16	74,365	11,157	1,793,550	1,295,532
2026-01-27	$4.64	$5.00	56.1%	15.6%	52.3%	14.3%	59.4%	-5.0%	1.7%	2.4M	-121.4M	-2.8M	0.20	17.42	44,282	9,035	1,840,336	1,302,020
2026-01-28	$4.62	$5.00	52.5%	15.3%	48.8%	7.5%	59.6%	-18.5%	10.3%	2.4M	-119.4M	-2.8M	0.34	15.76	59,069	20,141	1,857,737	1,306,109
2026-01-29	$4.79	$5.00	60.8%	17.2%	50.0%	23.2%	61.3%	-10.9%	6.8%	3.4M	-156.1M	-2.9M	0.38	14.09	138,192	51,895	1,881,891	1,315,938
2026-01-30	$4.74	$5.00	56.3%	16.6%	44.2%	14.7%	59.0%	-17.9%	10.0%	2.8M	-159.9M	-3.0M	0.20	13.18	57,996	11,848	1,938,036	1,350,702