NVDA Options History — May 2008

In May 2008, NVDA traded between $0.54 and $0.62. ATM implied volatility averaged 49.5%, placing in the 23.4% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded above realized volatility by 1.2% (HV 20d: 48.2%). Max pain ranged from $0.50 to $0.56. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.70.

Notable Days

  • 2008-05-08: Highest Volume — 5,415,600 contracts
  • 2008-05-09: Largest IV drop — 45.5% change
  • 2008-05-08: Highest IV Rank — 57.1%
  • 2008-05-01: Largest Expected Move — 17.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.57$0.54$0.62$0.54$0.62
Max Pain$0.54$0.50$0.56$0.50$0.56
ATM IV49.5%33.8%77.6%60.7%42.4%
Expected Move13.6%12.0%17.4%17.4%12.1%
HV 20d48.2%43.3%53.6%53.6%47.5%
HV 60d61.8%57.3%68.4%67.3%59.4%
IV Rank23.4%5.0%57.1%37.0%14.3%
IV Percentile45.7%7.5%94.4%75.4%24.6%
Term Structure0.4%-8.1%4.6%-7.5%1.7%
VWIV47.8%42.2%62.8%62.8%42.9%
Skew 25d0.5%-2.8%6.2%4.8%1.1%
Skew 10d0.6%-7.1%17.9%17.9%3.7%
Call IV 25d48.2%42.8%60.9%60.9%42.8%
Put IV 25d48.6%42.0%66.1%65.6%43.9%
Bid-Ask Spread %6.914.909.959.544.90
Gamma HHI0.240.190.340.240.25
Net GEX1.8M-41.0K3.8M2.8M2.1M
Net DEX-133.0M-284.2M-67.6M-125.0M-180.6M
Net VEX-1.1M-1.4M-765.4K-765.4K-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.172.270.340.17
Total Volume1,688,127.619325,7605,415,6002,050,000992,760
Total OI14,629,598.09510,115,36017,987,64010,115,36015,822,480

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-05-01$0.54$0.5060.7%17.4%53.6%37.0%62.8%4.8%-7.5%2.8M-125.0M-765.4K0.349.54N/AN/A1,529,240520,7606,947,1603,168,200
2008-05-02$0.56$0.5060.4%17.3%49.7%36.7%62.3%6.2%-8.1%3.3M-170.7M-815.5K0.258.46N/AN/A920,320232,1207,300,5203,407,040
2008-05-05$0.55$0.5065.6%15.6%50.8%42.9%54.5%2.3%-1.4%3.1M-146.1M-807.5K0.406.13N/AN/A853,960343,4007,391,3603,496,360
2008-05-06$0.56$0.5064.1%14.5%51.0%41.1%51.5%1.4%0.2%3.7M-174.5M-817.0K1.595.15N/AN/A646,1201,027,6007,691,2803,646,680
2008-05-07$0.55$0.5071.1%14.8%52.0%49.4%51.7%-0.3%-1.2%2.9M-137.3M-871.3K1.899.45N/AN/A1,023,9601,940,2007,775,4804,436,920
2008-05-08$0.55$0.5077.6%15.7%51.8%57.1%55.4%0.1%-3.5%2.2M-111.5M-994.7K1.018.93N/AN/A2,690,8802,724,7208,174,9205,396,760
2008-05-09$0.56$0.5042.3%12.7%44.0%15.1%44.9%-2.8%3.0%3.2M-161.9M-1.0M0.664.95N/AN/A2,882,0401,888,8809,079,1606,565,880
2008-05-12$0.55$0.5039.9%12.6%43.3%12.2%44.7%-1.2%3.7%1.6M-94.6M-1.1M0.536.00N/AN/A1,061,240562,8009,339,6007,277,320
2008-05-13$0.54$0.5633.8%12.5%44.6%5.0%44.3%-0.4%4.1%1.8M-67.6M-1.1M0.247.56N/AN/A683,600162,6009,672,6007,338,200
2008-05-14$0.55$0.5636.7%12.1%43.9%8.5%42.9%-0.7%4.6%3.8M-111.6M-1.1M0.356.90N/AN/A799,960280,8009,812,4807,332,080
2008-05-15$0.59$0.5642.5%12.2%49.0%15.3%42.3%-0.7%3.3%1.7M-254.2M-1.1M0.455.26N/AN/A1,856,560838,3209,743,8007,404,160
2008-05-16$0.61$0.5641.8%12.0%49.1%14.5%42.2%-1.0%4.4%2.3M-284.2M-1.2M0.469.95N/AN/A1,012,400466,20010,153,7607,833,880
2008-05-19$0.60$0.5642.8%12.3%49.0%15.7%42.8%-1.6%-0.5%1.2M-133.3M-1.2M0.996.05N/AN/A1,174,8001,159,5207,525,3206,186,400
2008-05-20$0.58$0.5644.7%12.8%49.6%18.0%44.9%0.0%-0.2%103.3K-80.8M-1.3M1.158.53N/AN/A435,800502,9207,838,2806,925,520
2008-05-21$0.58$0.5645.2%13.0%47.8%18.6%46.8%-1.6%0.7%-41.0K-74.4M-1.3M0.335.22N/AN/A527,840173,2007,934,2407,127,200
2008-05-22$0.59$0.5644.4%12.7%46.8%16.8%43.9%-0.7%1.0%384.3K-101.7M-1.3M0.585.81N/AN/A391,360227,5608,034,4007,145,840
2008-05-23$0.58$0.5646.1%13.2%48.2%18.9%46.6%-0.0%2.0%55.3K-76.2M-1.4M2.275.22N/AN/A407,600925,6008,158,6007,294,120
2008-05-27$0.58$0.5646.3%13.3%47.3%19.1%46.2%0.8%1.0%390.9K-91.2M-1.3M0.395.55N/AN/A420,200164,0408,242,8407,377,400
2008-05-28$0.59$0.5644.2%12.7%47.0%16.6%43.7%1.3%2.0%796.0K-109.0M-1.3M0.298.47N/AN/A522,720150,3208,302,3607,199,560
2008-05-29$0.59$0.5646.6%13.3%47.0%19.4%46.3%2.6%-0.6%871.4K-105.6M-1.3M0.297.02N/AN/A251,84073,9208,489,1207,232,280
2008-05-30$0.62$0.5642.4%12.1%47.5%14.3%42.9%1.1%1.7%2.1M-180.6M-1.3M0.174.90N/AN/A845,440147,3208,562,6807,259,800