NIO Options History — March 2026

In March 2026, NIO traded between $4.56 and $6.06. ATM implied volatility averaged 63.3%, placing in the 28.0% IV rank vs the trailing year. The 30-day expected move averaged 17.5%. IV traded below realized volatility by 5.8% (HV 20d: 69.1%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.33.

Notable Days

2026-03-10: Highest Volume — 480,250 contracts
2026-03-11: Largest IV drop — 6.0% change
2026-03-09: Highest IV Rank — 41.6%
2026-03-04: Largest Expected Move — 20.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.46	$4.56	$6.06	$4.72	$6.04
Max Pain	$4.36	$4.00	$5.00	$4.00	$5.00
ATM IV	63.3%	58.2%	70.5%	65.7%	62.4%
Expected Move	17.5%	5.8%	20.5%	19.3%	17.9%
HV 20d	69.1%	51.6%	82.9%	54.1%	82.9%
HV 60d	56.7%	47.4%	63.3%	48.5%	63.3%
IV Rank	28.0%	18.3%	41.6%	32.7%	26.3%
IV Percentile	34.2%	23.4%	57.5%	36.1%	32.5%
Term Structure	-0.1%	-6.9%	2.5%	-6.9%	0.4%
VWIV	65.0%	58.6%	72.8%	67.3%	64.8%
Skew 25d	0.6%	-4.7%	5.1%	-3.8%	5.1%
Skew 10d	1.2%	-12.5%	16.7%	-6.0%	16.7%
Call IV 25d	65.1%	59.5%	75.0%	68.4%	61.8%
Put IV 25d	65.7%	61.1%	72.1%	64.6%	66.9%
Bid-Ask Spread %	16.05	10.13	39.16	20.29	16.35
Gamma HHI	0.12	0.09	0.15	0.09	0.13
Net GEX	4.1M	1.3M	6.2M	1.3M	5.8M
Net DEX	-300.0M	-472.2M	-105.4M	-127.0M	-390.5M
Net VEX	-3.0M	-3.2M	-2.7M	-2.7M	-3.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.33	0.09	1.11	0.38	0.24
Total Volume	144,618.364	50,758	480,250	117,266	240,813
Total OI	3,227,821.727	3,060,130	3,367,876	3,060,130	3,187,137

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
2026-03-02	$4.72	$4.00	65.7%	19.3%	54.1%	32.7%	67.3%	-3.8%	-6.9%	1.3M	-127.0M	-2.7M	0.38	20.29	84,825	32,441	1,749,142	1,310,988
2026-03-03	$4.56	$4.00	65.9%	20.1%	52.5%	33.0%	72.6%	-4.7%	-0.4%	1.3M	-105.4M	-2.7M	0.46	22.25	84,038	38,245	1,793,898	1,329,479
2026-03-04	$4.89	$4.00	68.4%	20.5%	58.0%	37.6%	72.1%	-0.9%	-1.6%	2.0M	-178.6M	-2.8M	0.20	15.61	83,965	17,213	1,828,009	1,352,809
2026-03-05	$4.67	$4.00	69.1%	19.6%	60.3%	39.0%	68.0%	-2.6%	-1.6%	1.7M	-131.9M	-2.8M	0.29	13.57	54,566	15,621	1,849,268	1,358,664
2026-03-06	$4.78	$4.00	70.4%	19.5%	57.1%	41.4%	68.8%	-2.9%	-2.0%	2.3M	-159.9M	-2.8M	0.46	12.93	68,103	31,026	1,868,182	1,360,427
2026-03-09	$4.95	$4.00	70.5%	19.9%	51.6%	41.6%	72.8%	1.2%	-0.2%	2.9M	-208.9M	-2.9M	0.27	13.53	103,309	27,595	1,840,877	1,333,655
2026-03-10	$5.64	$4.00	66.9%	19.0%	67.2%	34.8%	67.7%	5.1%	-0.1%	5.5M	-385.1M	-3.2M	0.29	39.16	372,657	107,593	1,895,651	1,348,062
2026-03-11	$5.49	$4.00	62.9%	18.3%	67.9%	27.3%	64.3%	-0.7%	1.5%	6.0M	-342.1M	-3.1M	0.22	11.73	205,656	46,067	1,964,223	1,359,967
2026-03-12	$5.55	$4.00	62.0%	14.2%	67.9%	25.6%	66.6%	-0.1%	2.5%	6.2M	-370.6M	-3.1M	0.33	14.10	123,122	41,018	1,979,982	1,369,152
2026-03-13	$5.86	$4.00	62.0%	5.8%	69.7%	25.6%	64.3%	1.9%	0.5%	5.2M	-439.2M	-3.2M	0.21	15.77	162,068	33,896	1,990,084	1,377,792
2026-03-16	$6.06	$4.00	62.6%	17.9%	69.9%	26.7%	65.6%	0.1%	0.7%	6.1M	-472.2M	-3.1M	0.29	11.01	157,251	45,456	1,899,443	1,337,654
2026-03-17	$5.96	$4.00	59.5%	17.1%	70.6%	20.9%	58.6%	0.4%	0.8%	5.9M	-434.0M	-3.2M	0.20	10.13	69,700	13,895	1,921,466	1,360,361
2026-03-18	$5.86	$4.00	59.6%	17.2%	71.0%	21.0%	60.6%	0.6%	-0.6%	5.6M	-404.1M	-3.0M	0.54	15.70	48,492	26,071	1,941,456	1,367,954
2026-03-19	$5.89	$4.00	59.6%	17.1%	70.7%	20.9%	61.8%	1.4%	0.6%	5.9M	-410.5M	-3.1M	0.48	12.73	53,038	25,318	1,951,324	1,375,809
2026-03-20	$5.44	$5.00	61.1%	17.3%	76.3%	23.8%	61.2%	-0.9%	-0.8%	3.3M	-286.8M	-3.0M	0.29	11.36	116,322	34,037	1,960,208	1,391,381
2026-03-23	$5.80	$5.00	58.7%	16.8%	78.2%	19.3%	59.6%	3.2%	1.0%	4.2M	-332.2M	-3.0M	0.16	11.74	97,882	15,599	1,810,181	1,330,372
2026-03-24	$5.78	$5.00	59.2%	17.1%	78.2%	20.2%	60.9%	2.4%	1.9%	4.6M	-336.1M	-2.9M	0.09	16.88	146,248	13,022	1,827,340	1,335,179
2026-03-25	$5.81	$5.00	58.2%	16.4%	77.9%	18.3%	59.2%	1.1%	0.6%	5.0M	-336.4M	-3.0M	0.36	16.86	40,380	14,463	1,852,005	1,339,776
2026-03-26	$5.55	$5.00	61.1%	17.1%	79.0%	23.8%	60.3%	4.7%	1.3%	3.5M	-276.9M	-2.9M	0.25	15.19	40,552	10,206	1,864,259	1,340,889
2026-03-27	$5.31	$5.00	63.1%	18.2%	79.6%	27.6%	65.3%	-0.2%	0.5%	3.1M	-217.6M	-2.8M	1.11	17.29	48,116	53,243	1,867,469	1,343,126
2026-03-30	$5.50	$5.00	63.8%	18.3%	79.0%	29.0%	66.9%	3.1%	-0.1%	3.3M	-254.4M	-2.8M	0.18	18.91	117,161	21,315	1,808,490	1,338,488
2026-03-31	$6.04	$5.00	62.4%	17.9%	82.9%	26.3%	64.8%	5.1%	0.4%	5.8M	-390.5M	-3.1M	0.24	16.35	194,352	46,461	1,846,520	1,340,617