NVDA Options History — April 2018

In April 2018, NVDA traded between $5.37 and $5.94. ATM implied volatility averaged 47.6%, placing in the 63.4% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded below realized volatility by 4.3% (HV 20d: 51.9%). Max pain ranged from $5.63 to $6.13. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.75.

Notable Days

2018-04-13: Highest Volume — 8,728,200 contracts
2018-04-19: Largest IV spike — 6.8% change
2018-04-25: Highest IV Rank — 73.9%
2018-04-25: Largest Expected Move — 15.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.65	$5.37	$5.94	$5.53	$5.64
Max Pain	$5.85	$5.63	$6.13	$6.13	$5.88
ATM IV	47.6%	44.4%	51.3%	49.2%	45.8%
Expected Move	14.0%	12.1%	15.8%	13.8%	15.2%
HV 20d	51.9%	39.3%	57.1%	51.2%	39.3%
HV 60d	46.3%	44.5%	47.8%	44.6%	47.5%
IV Rank	63.4%	54.3%	73.9%	67.8%	58.0%
IV Percentile	80.0%	65.9%	91.3%	86.5%	72.6%
Term Structure	0.1%	-3.0%	8.2%	5.6%	-1.8%
VWIV	48.5%	43.6%	53.8%	46.7%	52.0%
Skew 25d	6.5%	3.5%	9.1%	4.9%	5.7%
Skew 10d	12.4%	6.3%	16.9%	14.9%	10.2%
Call IV 25d	44.0%	40.9%	47.2%	46.6%	41.4%
Put IV 25d	50.5%	47.1%	56.1%	51.6%	47.1%
Bid-Ask Spread %	5.32	3.36	7.90	6.17	3.56
Gamma HHI	0.05	0.04	0.10	0.04	0.04
Net GEX	26.3M	-48.8M	111.4M	-5.9M	20.9M
Net DEX	-825.3M	-2.92B	1.35B	365.5M	-1.25B
Net VEX	-28.1M	-29.0M	-27.2M	-27.9M	-27.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.63	0.98	0.66	0.72
Total Volume	5,601,287.619	3,084,400	8,728,200	7,263,560	3,084,400
Total OI	40,391,510.476	35,416,280	44,267,200	37,774,760	36,439,000

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
2018-04-02	$5.53	$6.13	49.2%	13.8%	51.2%	67.8%	46.7%	4.9%	5.6%	-5.9M	365.5M	-27.9M	0.66	6.17	N/A	N/A	4,383,160	2,880,400	18,429,080	19,345,680
2018-04-03	$5.62	$6.13	45.9%	12.7%	51.8%	58.5%	44.6%	3.5%	6.4%	14.3M	-241.5M	-28.6M	0.75	6.95	N/A	N/A	2,959,480	2,215,400	19,271,880	19,869,000
2018-04-04	$5.66	$6.13	45.2%	12.1%	50.8%	56.4%	43.6%	6.3%	4.6%	24.6M	-432.3M	-28.5M	0.74	5.80	N/A	N/A	3,708,160	2,742,440	19,706,280	20,225,160
2018-04-05	$5.55	$5.75	45.6%	14.3%	51.2%	57.7%	49.0%	6.9%	7.9%	9.7M	239.9M	-28.2M	0.81	7.48	N/A	N/A	3,829,400	3,113,760	20,325,200	20,604,000
2018-04-06	$5.37	$5.63	48.6%	14.8%	52.1%	66.0%	50.6%	6.8%	8.2%	-48.8M	1.35B	-27.5M	0.80	7.90	N/A	N/A	3,698,160	2,944,080	20,881,080	21,408,880
2018-04-09	$5.42	$5.63	50.1%	14.7%	51.7%	70.3%	49.9%	9.1%	-1.0%	-7.5M	843.3M	-27.3M	0.66	5.64	N/A	N/A	2,551,680	1,691,480	19,349,680	20,330,600
2018-04-10	$5.71	$5.63	50.1%	14.0%	54.9%	70.4%	49.6%	7.2%	-1.4%	45.6M	-913.4M	-28.8M	0.72	5.37	N/A	N/A	3,858,760	2,796,200	20,009,120	20,764,080
2018-04-11	$5.66	$5.63	49.4%	13.9%	54.9%	68.2%	48.5%	6.3%	-0.6%	42.2M	-549.4M	-28.5M	0.70	6.06	N/A	N/A	2,123,040	1,494,800	20,529,120	21,349,400
2018-04-12	$5.88	$5.63	48.0%	13.4%	56.9%	64.4%	46.7%	8.6%	-1.9%	111.4M	-2.37B	-29.0M	0.81	5.17	N/A	N/A	4,730,560	3,811,880	21,119,560	21,776,000
2018-04-13	$5.77	$5.88	47.7%	13.5%	57.1%	63.5%	46.3%	7.5%	-1.3%	53.8M	-1.58B	-28.8M	0.86	6.07	N/A	N/A	4,687,120	4,041,080	21,212,440	22,224,400
2018-04-16	$5.79	$5.88	45.4%	13.1%	57.0%	57.0%	45.3%	6.2%	-2.3%	48.8M	-1.54B	-28.4M	0.84	4.69	N/A	N/A	1,890,840	1,587,800	20,264,680	21,519,600
2018-04-17	$5.94	$5.88	44.4%	12.7%	56.2%	54.3%	45.0%	5.9%	-1.5%	95.6M	-2.85B	-28.1M	0.70	3.98	N/A	N/A	3,765,160	2,621,240	20,503,320	21,772,680
2018-04-18	$5.94	$5.88	44.9%	12.9%	54.6%	55.5%	45.9%	5.8%	-1.8%	96.0M	-2.92B	-28.3M	0.69	4.26	N/A	N/A	2,531,280	1,758,920	20,815,920	22,199,200
2018-04-19	$5.74	$5.88	47.9%	13.9%	55.9%	64.2%	48.2%	6.8%	-2.2%	-2.4M	-942.9M	-28.5M	0.75	6.40	N/A	N/A	3,133,320	2,340,800	21,040,080	22,546,160
2018-04-20	$5.70	$5.88	49.1%	14.3%	55.3%	67.6%	50.5%	6.9%	-2.3%	1.5M	-762.5M	-28.4M	0.98	5.90	N/A	N/A	2,938,400	2,885,560	21,490,000	22,777,200
2018-04-23	$5.59	$5.88	48.8%	14.7%	54.3%	66.5%	50.2%	6.1%	-2.3%	1.7M	-863.5M	-27.7M	0.69	3.36	N/A	N/A	2,623,680	1,801,000	16,595,480	18,820,800
2018-04-24	$5.51	$5.88	49.5%	15.1%	51.5%	68.7%	50.0%	6.3%	-2.7%	-8.8M	-358.8M	-27.6M	0.74	4.46	N/A	N/A	3,135,840	2,334,080	17,373,960	19,418,720
2018-04-25	$5.38	$5.88	51.3%	15.8%	43.6%	73.9%	53.8%	6.5%	-3.0%	-24.4M	357.9M	-27.2M	0.85	3.91	N/A	N/A	2,926,120	2,488,680	18,035,800	19,831,000
2018-04-26	$5.64	$5.88	48.2%	15.0%	46.5%	64.9%	51.7%	6.4%	-2.7%	41.1M	-1.39B	-28.0M	0.63	4.56	N/A	N/A	2,569,880	1,620,600	18,631,120	20,218,200
2018-04-27	$5.66	$5.88	45.4%	14.5%	43.4%	57.1%	50.0%	5.9%	-2.8%	42.9M	-1.51B	-27.7M	0.75	3.97	N/A	N/A	3,046,240	2,282,160	18,791,800	20,406,360
2018-04-30	$5.64	$5.88	45.8%	15.2%	39.3%	58.0%	52.0%	5.7%	-1.8%	20.9M	-1.25B	-27.2M	0.72	3.56	N/A	N/A	1,798,120	1,286,280	17,111,760	19,327,240