NVDA Options History — September 2008

In September 2008, NVDA traded between $0.23 and $0.31. ATM implied volatility averaged 67.7%, placing in the 26.3% IV rank vs the trailing year. The 30-day expected move averaged 19.4%. IV traded above realized volatility by 6.5% (HV 20d: 61.1%). Max pain ranged from $0.31 to $0.31. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.54.

Notable Days

  • 2008-09-09: Highest Volume — 2,048,800 contracts
  • 2008-09-29: Largest IV spike — 50.1% change
  • 2008-09-29: Highest IV Rank — 49.0%
  • 2008-09-29: Largest Expected Move — 27.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.27$0.23$0.31$0.31$0.27
Max Pain$0.31$0.31$0.31$0.31$0.31
ATM IV67.7%53.2%96.8%55.4%73.6%
Expected Move19.4%15.5%27.7%15.9%21.1%
HV 20d61.1%41.6%86.6%57.9%86.6%
HV 60d88.3%63.7%93.9%88.6%64.7%
IV Rank26.3%15.1%49.0%16.7%30.9%
IV Percentile73.2%39.3%98.0%49.2%83.7%
Term Structure-2.3%-15.8%3.5%0.4%-3.9%
VWIV67.7%54.5%84.9%57.3%73.2%
Skew 25d-1.8%-23.2%11.3%-23.2%-1.1%
Skew 10d-8.0%-37.1%14.7%-37.1%5.3%
Call IV 25d70.0%58.6%88.1%65.4%72.9%
Put IV 25d68.2%42.2%99.4%42.2%71.8%
Bid-Ask Spread %10.453.3226.585.4612.06
Gamma HHI0.250.180.330.300.31
Net GEX809.3K259.1K2.2M2.2M935.5K
Net DEX30.8M-28.3M87.2M-9.8M5.1M
Net VEX-621.7K-812.6K-453.7K-812.6K-623.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.091.650.370.11
Total Volume799,826.667276,3602,048,800620,640764,200
Total OI21,839,68014,482,00025,520,84023,957,56017,206,200

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-09-02$0.31$0.3155.4%15.9%57.9%16.7%57.3%-23.2%0.4%2.2M-9.8M-812.6K0.375.46N/AN/A454,560166,08017,043,0806,914,480
2008-09-03$0.29$0.3158.5%16.8%59.0%19.2%58.8%-4.9%-2.2%1.4M21.6M-727.4K1.503.34N/AN/A373,200560,28017,173,9206,879,680
2008-09-04$0.29$0.3157.6%16.5%58.5%18.5%60.3%-2.8%-0.9%996.6K31.9M-715.9K0.233.32N/AN/A463,800106,40017,103,7207,210,320
2008-09-05$0.29$0.3153.2%15.5%58.4%15.1%54.5%-3.0%2.5%1.0M27.8M-717.8K1.0410.21N/AN/A413,440431,48017,077,7607,228,520
2008-09-08$0.28$0.3159.4%16.6%59.6%19.9%56.8%-0.2%1.8%554.0K52.1M-652.7K1.0810.10N/AN/A645,600696,12017,253,8407,395,840
2008-09-09$0.27$0.3168.7%19.3%60.4%27.1%71.2%-9.4%-3.3%656.7K52.7M-649.2K0.1710.74N/AN/A1,748,720300,08017,596,8007,317,600
2008-09-10$0.27$0.3159.7%17.6%60.2%20.1%64.7%-8.3%-0.0%581.6K61.8M-605.8K0.595.36N/AN/A788,560462,00017,951,5207,240,120
2008-09-11$0.26$0.3163.1%18.1%48.6%22.8%64.3%0.4%-0.6%434.1K72.5M-564.1K0.468.93N/AN/A225,800104,00018,326,5607,150,080
2008-09-12$0.25$0.3163.0%18.1%41.6%22.7%63.7%-0.9%0.6%465.5K74.2M-540.9K0.437.14N/AN/A351,360151,20018,421,6407,099,200
2008-09-15$0.23$0.3174.5%21.4%50.0%31.6%75.4%-5.3%-7.1%259.1K87.2M-453.7K0.5115.80N/AN/A296,760150,24018,502,8806,971,680
2008-09-16$0.24$0.3175.5%21.6%51.2%32.4%78.0%1.4%-5.4%375.0K76.2M-489.8K1.659.41N/AN/A218,160359,68018,563,1606,777,720
2008-09-17$0.25$0.3184.1%24.1%54.1%39.1%84.9%2.9%-9.2%556.3K55.9M-558.7K0.5114.97N/AN/A435,160221,24018,628,3206,775,360
2008-09-18$0.27$0.3171.8%20.6%61.0%29.6%75.6%-4.5%3.5%1.2M22.9M-647.6K0.1326.58N/AN/A726,16091,44018,682,5206,793,080
2008-09-19$0.29$0.3168.9%19.8%64.0%27.3%72.3%2.4%-2.2%678.6K22.4M-637.9K0.3410.81N/AN/A317,640108,20018,564,0406,620,040
2008-09-22$0.28$0.3174.1%21.3%64.1%31.4%67.9%4.7%-4.5%621.7K3.1M-600.5K0.467.54N/AN/A189,28087,0809,799,8004,682,200
2008-09-23$0.27$0.3171.7%20.5%64.4%29.4%70.1%-0.8%-2.8%532.9K12.5M-566.3K0.098.22N/AN/A429,60040,5209,872,1604,738,920
2008-09-24$0.28$0.3167.4%19.3%66.3%26.1%65.4%0.8%-0.2%735.9K-268.8K-604.6K0.147.33N/AN/A1,003,440135,76010,179,9204,751,640
2008-09-25$0.29$0.3159.2%17.0%66.8%19.7%61.4%1.1%0.4%1.0M-11.4M-627.3K0.1810.39N/AN/A578,760104,76010,816,8004,798,800
2008-09-26$0.29$0.3164.5%18.5%67.4%23.8%65.6%1.5%1.1%1.2M-28.3M-679.6K1.118.82N/AN/A542,520602,32011,130,3204,845,120
2008-09-29$0.25$0.3196.8%27.7%83.3%49.0%81.3%11.3%-15.8%666.4K15.6M-581.3K0.2722.95N/AN/A749,120201,64011,245,8005,302,120
2008-09-30$0.27$0.3173.6%21.1%86.6%30.9%73.2%-1.1%-3.9%935.5K5.1M-623.1K0.1112.06N/AN/A686,08078,12011,791,2005,415,000