NIO Options History — April 2026

In April 2026, NIO traded between $6.08 and $6.86. ATM implied volatility averaged 63.5%, placing in the 29.3% IV rank vs the trailing year. The 30-day expected move averaged 18.2%. IV traded below realized volatility by 5.9% (HV 20d: 69.4%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 14 of 14 trading days. Term structure was in contango for 6 of 14 days. Put/call ratio averaged 0.28.

Notable Days

2026-04-10: Highest Volume — 255,563 contracts
2026-04-08: Largest IV drop — 6.7% change
2026-04-16: Highest IV Rank — 37.4%
2026-04-16: Largest Expected Move — 19.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.43	$6.08	$6.86	$6.21	$6.46
Max Pain	$4.86	$4.00	$5.00	$5.00	$5.00
ATM IV	63.5%	60.4%	67.1%	60.5%	65.7%
Expected Move	18.2%	17.3%	19.2%	17.3%	18.8%
HV 20d	69.4%	60.0%	80.5%	80.5%	60.0%
HV 60d	62.3%	62.0%	62.9%	62.2%	62.9%
IV Rank	29.3%	22.5%	37.4%	22.7%	34.6%
IV Percentile	37.2%	28.6%	50.0%	28.6%	45.2%
Term Structure	0.2%	-2.0%	2.8%	1.7%	-0.6%
VWIV	65.3%	60.3%	68.8%	60.3%	68.8%
Skew 25d	0.1%	-4.9%	3.1%	2.7%	-4.9%
Skew 10d	1.5%	-10.2%	14.0%	12.9%	-10.2%
Call IV 25d	64.8%	60.6%	69.7%	61.0%	69.7%
Put IV 25d	64.9%	62.8%	67.2%	63.7%	64.9%
Bid-Ask Spread %	9.76	7.44	16.13	9.68	12.61
Gamma HHI	0.17	0.13	0.27	0.14	0.18
Net GEX	7.3M	5.9M	9.8M	7.2M	5.9M
Net DEX	-497.1M	-611.4M	-415.9M	-456.2M	-462.0M
Net VEX	-3.0M	-3.1M	-2.9M	-3.0M	-3.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.28	0.17	0.36	0.25	0.31
Total Volume	137,111.214	77,430	255,563	173,601	84,309
Total OI	3,286,586.429	3,208,483	3,357,850	3,269,928	3,250,799

Daily Data (14 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
2026-04-01	$6.21	$5.00	60.5%	17.3%	80.5%	22.7%	60.3%	2.7%	1.7%	7.2M	-456.2M	-3.0M	0.25	9.68	138,744	34,857	1,912,811	1,357,117
2026-04-02	$6.26	$4.00	63.5%	18.2%	77.6%	28.5%	65.7%	-0.5%	-0.4%	6.4M	-475.4M	-3.0M	0.28	8.66	133,069	37,428	1,926,101	1,353,155
2026-04-06	$6.25	$4.00	64.1%	18.4%	77.7%	29.6%	66.2%	2.3%	-0.3%	7.3M	-461.2M	-3.1M	0.30	9.19	79,859	24,052	1,916,279	1,323,727
2026-04-07	$6.16	$5.00	64.8%	18.6%	77.9%	30.8%	67.2%	2.0%	0.4%	7.0M	-427.1M	-3.1M	0.36	9.76	56,823	20,607	1,942,205	1,336,041
2026-04-08	$6.39	$5.00	60.4%	17.3%	64.8%	22.5%	64.5%	2.0%	2.4%	8.6M	-508.1M	-3.1M	0.33	8.81	104,503	34,280	1,959,418	1,342,790
2026-04-09	$6.08	$5.00	61.4%	17.6%	66.8%	24.4%	62.3%	1.7%	0.5%	7.4M	-415.9M	-2.9M	0.23	16.13	178,410	40,462	1,971,874	1,352,870
2026-04-10	$6.42	$5.00	61.1%	17.5%	69.1%	23.7%	64.3%	3.1%	2.8%	6.9M	-505.0M	-2.9M	0.25	11.22	203,961	51,602	1,963,404	1,372,656
2026-04-13	$6.50	$5.00	62.9%	18.0%	66.8%	28.9%	64.2%	0.7%	-0.4%	7.2M	-499.9M	-2.9M	0.19	8.15	83,761	16,264	1,890,857	1,361,461
2026-04-14	$6.55	$5.00	63.1%	18.1%	66.0%	29.4%	65.3%	-1.4%	-0.3%	7.6M	-519.7M	-3.1M	0.17	7.44	87,142	15,156	1,912,812	1,368,266
2026-04-15	$6.44	$5.00	64.0%	18.3%	66.0%	31.2%	64.1%	-0.5%	-2.0%	7.3M	-486.7M	-3.0M	0.34	8.19	66,400	22,444	1,939,255	1,367,490
2026-04-16	$6.83	$5.00	67.1%	19.2%	68.3%	37.4%	67.6%	-2.7%	-1.7%	9.8M	-611.4M	-3.0M	0.26	10.11	149,995	38,630	1,947,621	1,376,868
2026-04-17	$6.86	$5.00	64.9%	18.6%	68.3%	33.0%	66.4%	-1.8%	-0.3%	7.0M	-607.0M	-3.0M	0.33	8.37	98,462	32,523	1,960,270	1,397,580
2026-04-20	$6.67	$5.00	65.1%	18.7%	61.7%	33.3%	67.5%	-2.0%	0.6%	6.8M	-524.5M	-3.0M	0.27	8.26	67,781	18,033	1,849,518	1,358,965
2026-04-21	$6.46	$5.00	65.7%	18.8%	60.0%	34.6%	68.8%	-4.9%	-0.6%	5.9M	-462.0M	-3.0M	0.31	12.61	64,362	19,947	1,881,549	1,369,250