NVDA Options History — May 2018

In May 2018, NVDA traded between $5.65 and $6.49. ATM implied volatility averaged 34.8%, placing in the 27.0% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 0.7% (HV 20d: 34.1%). Max pain ranged from $5.50 to $6.13. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.67.

Notable Days

2018-05-11: Highest Volume — 18,076,000 contracts
2018-05-11: Largest IV drop — 25.4% change
2018-05-01: Highest IV Rank — 54.3%
2018-05-02: Largest Expected Move — 15.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.16	$5.65	$6.49	$5.65	$6.33
Max Pain	$5.80	$5.50	$6.13	$5.88	$6.13
ATM IV	34.8%	27.8%	44.5%	44.5%	27.8%
Expected Move	10.0%	7.8%	15.3%	15.0%	7.9%
HV 20d	34.1%	27.9%	39.6%	38.8%	28.4%
HV 60d	42.0%	40.1%	47.2%	47.2%	40.1%
IV Rank	27.0%	7.2%	54.3%	54.3%	7.2%
IV Percentile	27.9%	4.8%	63.1%	63.1%	4.8%
Term Structure	-0.5%	-2.1%	0.7%	-1.7%	-0.7%
VWIV	35.2%	28.1%	52.7%	52.1%	28.1%
Skew 25d	3.3%	1.6%	5.7%	5.7%	2.7%
Skew 10d	5.9%	2.9%	9.7%	9.7%	5.1%
Call IV 25d	33.1%	26.8%	40.9%	40.4%	26.8%
Put IV 25d	36.4%	29.5%	46.2%	46.1%	29.5%
Bid-Ask Spread %	3.54	2.18	5.80	2.94	2.96
Gamma HHI	0.08	0.04	0.19	0.04	0.09
Net GEX	87.4M	20.4M	166.0M	27.1M	160.4M
Net DEX	-3.97B	-6.75B	-1.34B	-1.34B	-4.50B
Net VEX	-27.5M	-29.5M	-25.0M	-26.9M	-28.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.67	0.52	0.87	0.87	0.73
Total Volume	6,648,027.273	2,501,040	18,076,000	2,712,280	4,816,120
Total OI	40,244,158.182	36,519,560	47,404,520	37,039,400	40,313,560

Daily Data (22 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
2018-05-01	$5.65	$5.88	44.5%	15.0%	38.8%	54.3%	52.1%	5.7%	-1.7%	27.1M	-1.34B	-26.9M	0.87	2.94	N/A	N/A	1,449,360	1,262,920	17,512,000	19,527,400
2018-05-02	$5.67	$5.88	44.1%	15.3%	38.7%	53.4%	52.7%	5.4%	-1.8%	34.5M	-1.47B	-26.8M	0.81	2.94	N/A	N/A	1,378,960	1,122,080	17,700,000	19,791,720
2018-05-03	$5.83	$5.50	43.7%	11.6%	39.0%	52.2%	42.3%	5.5%	-2.1%	80.3M	-2.68B	-26.9M	0.85	3.72	N/A	N/A	3,255,640	2,753,400	17,971,440	19,944,720
2018-05-04	$5.97	$5.50	41.7%	11.3%	37.4%	46.6%	40.3%	5.0%	-1.9%	84.0M	-3.82B	-26.6M	0.68	4.50	N/A	N/A	3,864,200	2,638,040	18,300,920	20,152,400
2018-05-07	$6.22	$5.50	41.9%	11.4%	39.6%	47.0%	40.3%	4.3%	-1.5%	84.7M	-4.99B	-25.4M	0.75	5.12	N/A	N/A	4,784,040	3,596,360	17,629,240	19,267,240
2018-05-08	$6.25	$5.50	42.3%	11.7%	36.0%	48.3%	40.5%	4.2%	-1.3%	80.6M	-4.97B	-26.5M	0.61	4.93	N/A	N/A	2,350,320	1,423,400	18,467,640	20,362,800
2018-05-09	$6.36	$5.63	41.8%	11.6%	36.0%	46.9%	40.7%	3.7%	-1.2%	97.0M	-5.82B	-25.9M	0.60	5.33	N/A	N/A	3,574,480	2,149,040	18,849,640	20,687,080
2018-05-10	$6.49	$5.63	42.2%	11.7%	34.4%	47.9%	40.4%	1.6%	-1.5%	112.9M	-6.75B	-25.4M	0.65	5.80	N/A	N/A	7,300,960	4,753,920	19,516,440	21,228,040
2018-05-11	$6.37	$5.63	31.5%	9.2%	34.4%	17.5%	32.2%	2.1%	0.7%	166.0M	-6.08B	-25.0M	0.82	4.51	N/A	N/A	9,912,840	8,163,160	21,446,440	23,311,720
2018-05-14	$6.38	$5.75	29.5%	8.5%	34.5%	12.0%	30.2%	1.9%	0.5%	98.3M	-5.77B	-25.0M	0.60	3.59	N/A	N/A	3,366,160	2,030,600	19,429,000	21,517,760
2018-05-15	$6.13	$5.75	31.4%	9.0%	36.9%	17.4%	31.7%	3.0%	0.4%	20.4M	-3.59B	-26.5M	0.71	3.87	N/A	N/A	5,860,760	4,149,320	19,971,400	21,987,520
2018-05-16	$6.14	$5.75	30.6%	8.8%	36.9%	15.2%	30.8%	2.7%	0.4%	43.2M	-3.90B	-27.5M	0.63	4.36	N/A	N/A	4,005,720	2,542,440	21,287,040	23,015,000
2018-05-17	$6.19	$5.75	31.0%	8.9%	34.2%	16.1%	31.3%	2.6%	0.4%	73.5M	-4.45B	-28.4M	0.56	2.57	N/A	N/A	5,649,280	3,160,040	21,953,040	23,580,360
2018-05-18	$6.17	$5.88	30.6%	8.8%	34.2%	15.0%	30.6%	2.7%	0.1%	45.0M	-4.08B	-29.2M	0.58	2.76	N/A	N/A	4,838,480	2,805,760	22,913,320	24,491,200
2018-05-21	$6.08	$5.88	31.1%	8.8%	33.7%	16.5%	31.0%	3.0%	0.1%	38.3M	-2.40B	-28.8M	0.56	3.02	N/A	N/A	4,187,400	2,356,800	17,505,720	19,013,840
2018-05-22	$6.08	$5.94	31.2%	8.9%	33.0%	16.7%	31.3%	3.0%	0.1%	48.8M	-2.41B	-29.3M	0.65	2.46	N/A	N/A	3,079,760	2,012,920	18,531,520	19,785,840
2018-05-23	$6.17	$6.00	29.9%	8.4%	31.5%	13.0%	30.0%	2.9%	0.4%	106.7M	-3.22B	-29.4M	0.59	2.67	N/A	N/A	3,137,200	1,856,560	19,063,520	20,316,600
2018-05-24	$6.19	$5.94	30.3%	8.5%	28.0%	14.1%	29.8%	2.7%	0.3%	130.1M	-3.41B	-29.2M	0.59	2.55	N/A	N/A	3,672,160	2,169,880	19,222,160	20,572,120
2018-05-25	$6.22	$6.00	29.2%	8.2%	28.0%	11.0%	28.9%	2.5%	0.4%	161.5M	-3.65B	-29.5M	0.52	2.34	N/A	N/A	3,684,800	1,917,840	19,813,560	21,179,080
2018-05-29	$6.21	$6.13	31.1%	8.8%	27.9%	16.3%	31.2%	3.2%	-1.0%	86.8M	-3.42B	-29.1M	0.78	2.69	N/A	N/A	2,421,840	1,885,280	18,528,320	20,089,680
2018-05-30	$6.33	$6.13	28.3%	7.8%	28.4%	8.6%	28.1%	2.7%	-0.8%	143.0M	-4.53B	-28.5M	0.60	2.18	N/A	N/A	3,081,360	1,835,000	18,954,360	20,669,080
2018-05-31	$6.33	$6.13	27.8%	7.9%	28.4%	7.2%	28.1%	2.7%	-0.7%	160.4M	-4.50B	-28.4M	0.73	2.96	N/A	N/A	2,784,040	2,032,080	19,348,240	20,965,320