NVDA Options History — January 2018

In January 2018, NVDA traded between $4.98 and $6.18. ATM implied volatility averaged 41.4%, placing in the 49.5% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 9.7% (HV 20d: 31.7%). Max pain ranged from $4.75 to $5.25. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.62.

Notable Days

2018-01-03: Highest Volume — 12,794,880 contracts
2018-01-03: Largest IV spike — 14.5% change
2018-01-30: Highest IV Rank — 80.2%
2018-01-30: Largest Expected Move — 17.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.69	$4.98	$6.18	$4.98	$6.15
Max Pain	$5.15	$4.75	$5.25	$4.75	$5.25
ATM IV	41.4%	27.8%	51.3%	27.8%	49.7%
Expected Move	12.7%	7.8%	17.6%	7.8%	17.1%
HV 20d	31.7%	29.6%	34.5%	33.3%	30.0%
HV 60d	33.5%	30.9%	34.1%	30.9%	34.1%
IV Rank	49.5%	7.6%	80.2%	7.6%	75.2%
IV Percentile	60.5%	3.6%	90.9%	3.6%	86.1%
Term Structure	0.6%	-2.1%	8.6%	7.9%	-2.1%
VWIV	44.5%	28.0%	60.9%	28.0%	59.6%
Skew 25d	1.3%	-0.1%	5.1%	1.4%	1.1%
Skew 10d	2.7%	1.1%	11.9%	2.6%	2.1%
Call IV 25d	40.6%	27.6%	50.2%	27.6%	49.0%
Put IV 25d	41.9%	28.9%	51.4%	28.9%	50.1%
Bid-Ask Spread %	5.05	1.41	14.85	2.42	10.01
Gamma HHI	0.15	0.07	0.82	0.09	0.08
Net GEX	134.8M	48.4M	742.3M	48.4M	104.1M
Net DEX	-5.90B	-8.19B	-3.00B	-3.00B	-5.33B
Net VEX	-20.0M	-22.7M	-18.4M	-19.7M	-22.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.62	0.45	0.77	0.50	0.62
Total Volume	7,026,687.619	4,036,160	12,794,880	4,146,800	4,728,640
Total OI	40,324,868.571	28,399,680	48,854,320	40,451,760	34,933,840

Daily Data (21 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-01-02	$4.98	$4.75	27.8%	7.8%	33.3%	7.6%	28.0%	1.4%	7.9%	48.4M	-3.00B	-19.7M	0.50	2.42	N/A	N/A	2,760,560	1,386,240	18,791,280	21,660,480
2018-01-03	$5.32	$4.75	31.8%	9.0%	33.4%	20.0%	32.3%	1.6%	4.4%	91.4M	-5.87B	-18.9M	0.57	1.41	N/A	N/A	8,151,000	4,643,880	19,541,160	22,065,760
2018-01-04	$5.34	$5.13	31.9%	11.5%	33.5%	20.2%	40.2%	0.7%	5.9%	100.2M	-5.95B	-19.0M	0.52	6.64	N/A	N/A	4,395,000	2,289,280	20,171,640	23,004,520
2018-01-05	$5.38	$5.13	33.6%	11.6%	33.5%	25.7%	40.7%	0.8%	8.6%	201.3M	-6.27B	-19.2M	0.50	2.67	N/A	N/A	5,893,880	2,966,200	20,861,600	23,429,240
2018-01-08	$5.56	$5.13	38.3%	11.7%	34.5%	39.9%	41.3%	-0.1%	0.8%	116.5M	-7.12B	-18.4M	0.52	2.25	N/A	N/A	7,278,120	3,790,760	20,203,320	22,557,760
2018-01-09	$5.55	$5.13	38.6%	11.7%	34.4%	40.9%	40.9%	0.5%	1.3%	109.0M	-6.80B	-19.8M	0.70	1.75	N/A	N/A	3,685,440	2,564,920	21,600,880	23,836,720
2018-01-10	$5.59	$5.13	39.1%	11.7%	34.2%	42.4%	41.8%	1.5%	1.8%	130.1M	-7.29B	-19.6M	0.71	2.29	N/A	N/A	4,304,920	3,052,000	22,258,360	24,770,320
2018-01-11	$5.60	$5.13	40.9%	11.6%	32.7%	47.9%	41.1%	3.3%	0.0%	128.9M	-7.35B	-20.0M	0.72	2.10	N/A	N/A	3,490,200	2,520,560	22,969,640	25,388,600
2018-01-12	$5.56	$5.13	40.2%	11.6%	30.9%	45.8%	41.3%	5.1%	-0.2%	100.1M	-7.03B	-19.9M	0.61	10.62	N/A	N/A	4,044,680	2,481,680	23,145,720	25,708,600
2018-01-16	$5.51	$5.13	43.4%	12.4%	31.5%	55.7%	43.6%	1.7%	-0.5%	58.3M	-6.10B	-19.8M	0.77	3.18	N/A	N/A	5,059,240	3,909,160	21,311,400	24,076,480
2018-01-17	$5.62	$5.25	43.6%	12.5%	31.1%	56.5%	43.7%	1.0%	-1.1%	84.4M	-7.02B	-19.8M	0.65	3.46	N/A	N/A	3,905,800	2,537,160	22,057,360	25,064,920
2018-01-18	$5.61	$5.25	42.4%	12.2%	29.6%	52.8%	42.6%	1.2%	-1.3%	75.5M	-6.91B	-19.8M	0.70	3.75	N/A	N/A	3,066,080	2,155,080	22,507,960	25,579,840
2018-01-19	$5.75	$5.25	42.3%	12.2%	29.7%	52.4%	42.7%	0.8%	-1.1%	742.3M	-8.19B	-19.2M	0.69	3.25	N/A	N/A	6,387,720	4,376,360	22,583,520	26,097,160
2018-01-22	$5.84	$5.25	42.8%	12.6%	29.8%	53.9%	44.0%	0.9%	-1.6%	95.1M	-4.22B	-19.1M	0.76	2.43	N/A	N/A	2,497,720	1,890,040	14,092,640	14,307,040
2018-01-23	$5.97	$5.25	42.7%	12.9%	29.8%	53.7%	44.9%	0.6%	-1.3%	109.7M	-4.96B	-19.0M	0.63	3.61	N/A	N/A	4,200,760	2,636,480	14,693,320	14,896,960
2018-01-24	$5.90	$5.25	45.2%	13.8%	30.5%	61.2%	47.9%	0.8%	-1.8%	86.7M	-4.39B	-20.4M	0.71	9.82	N/A	N/A	3,621,520	2,562,360	15,429,560	15,786,720
2018-01-25	$5.91	$5.25	46.6%	14.3%	30.6%	65.6%	49.2%	1.0%	-1.8%	86.8M	-4.46B	-20.9M	0.64	13.00	N/A	N/A	2,463,960	1,572,200	16,164,480	16,421,200
2018-01-26	$6.07	$5.25	46.7%	14.8%	31.0%	65.8%	51.3%	1.2%	-2.1%	192.3M	-5.56B	-20.7M	0.45	3.39	N/A	N/A	5,642,800	2,519,680	16,666,600	16,785,920
2018-01-29	$6.18	$5.25	49.9%	16.6%	30.9%	75.7%	57.7%	0.8%	-1.6%	91.1M	-5.36B	-21.2M	0.54	14.85	N/A	N/A	4,291,560	2,337,520	15,942,920	15,875,200
2018-01-30	$6.07	$5.25	51.3%	17.6%	30.7%	80.2%	60.9%	1.2%	-2.0%	79.0M	-4.77B	-22.6M	0.54	3.19	N/A	N/A	3,564,640	1,934,640	16,889,480	16,692,120
2018-01-31	$6.15	$5.25	49.7%	17.1%	30.0%	75.2%	59.6%	1.1%	-2.1%	104.1M	-5.33B	-22.7M	0.62	10.01	N/A	N/A	2,923,520	1,805,120	17,657,240	17,276,600