NVDA Options History — November 2018

In November 2018, NVDA traded between $3.62 and $5.43. ATM implied volatility averaged 59.5%, placing in the 54.9% IV rank vs the trailing year. The 30-day expected move averaged 17.1%. IV traded below realized volatility by 31.2% (HV 20d: 90.6%). Max pain ranged from $4.69 to $6.13. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.81.

Notable Days

2018-11-16: Highest Volume — 20,433,320 contracts
2018-11-16: Largest IV drop — 19.8% change
2018-11-12: Highest IV Rank — 71.5%
2018-11-02: Largest Expected Move — 24.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.53	$3.62	$5.43	$5.43	$4.09
Max Pain	$5.61	$4.69	$6.13	$6.13	$4.69
ATM IV	59.5%	44.9%	70.0%	66.3%	47.2%
Expected Move	17.1%	13.7%	24.7%	23.5%	14.7%
HV 20d	90.6%	73.8%	111.2%	78.0%	96.1%
HV 60d	61.6%	51.8%	72.9%	51.9%	72.9%
IV Rank	54.9%	31.9%	71.5%	65.6%	35.5%
IV Percentile	91.5%	72.6%	98.4%	97.6%	78.2%
Term Structure	-2.6%	-4.5%	0.4%	-3.9%	0.1%
VWIV	59.7%	48.4%	87.1%	81.3%	52.0%
Skew 25d	10.2%	3.9%	16.0%	15.0%	3.9%
Skew 10d	18.9%	5.7%	29.3%	28.3%	5.7%
Call IV 25d	54.6%	42.6%	62.7%	59.1%	45.6%
Put IV 25d	64.8%	48.0%	76.6%	74.0%	49.4%
Bid-Ask Spread %	3.42	2.25	6.30	3.76	2.46
Gamma HHI	0.06	0.03	0.15	0.04	0.14
Net GEX	-27.0M	-79.4M	19.2M	19.2M	17.5M
Net DEX	3.13B	850.2M	5.97B	850.2M	2.50B
Net VEX	-24.0M	-32.2M	-15.7M	-32.2M	-21.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.81	0.61	1.02	0.70	0.61
Total Volume	6,964,455.238	2,391,600	20,433,320	5,447,680	8,963,880
Total OI	45,756,203.81	41,464,520	50,105,960	44,910,840	48,654,760

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
2018-11-01	$5.43	$6.13	66.3%	23.5%	78.0%	65.6%	81.3%	15.0%	-3.9%	19.2M	850.2M	-32.2M	0.70	3.76	N/A	N/A	3,209,360	2,238,320	21,880,320	23,030,520
2018-11-02	$5.37	$6.13	67.6%	24.7%	77.7%	67.7%	87.1%	16.0%	-4.4%	17.4M	1.19B	-31.9M	0.95	3.36	N/A	N/A	2,632,280	2,499,040	22,208,520	23,489,200
2018-11-05	$5.28	$6.00	65.8%	16.8%	77.7%	64.9%	58.0%	14.1%	-3.8%	-27.2M	1.85B	-30.4M	0.98	3.21	N/A	N/A	1,499,880	1,468,000	20,300,720	22,582,040
2018-11-06	$5.28	$6.00	63.1%	16.3%	77.7%	60.5%	55.3%	13.3%	-3.6%	-26.9M	1.86B	-30.1M	0.77	3.04	N/A	N/A	1,354,960	1,036,640	20,658,920	22,837,200
2018-11-07	$5.34	$6.00	58.1%	14.9%	74.7%	52.7%	52.0%	11.1%	-3.2%	-23.0M	1.69B	-29.7M	0.67	2.80	N/A	N/A	2,125,480	1,415,040	20,895,080	22,953,480
2018-11-08	$5.11	$6.00	62.0%	16.3%	74.9%	58.8%	54.2%	10.3%	-3.3%	-48.7M	2.60B	-28.6M	0.73	3.15	N/A	N/A	2,975,240	2,165,520	21,226,280	23,060,200
2018-11-09	$5.16	$6.00	63.5%	16.8%	73.8%	61.2%	56.8%	10.6%	-3.2%	-39.3M	2.24B	-29.4M	0.79	3.46	N/A	N/A	3,095,520	2,457,000	21,990,680	23,379,120
2018-11-12	$4.76	$6.00	70.0%	18.6%	77.8%	71.5%	62.4%	12.0%	-4.2%	-47.2M	3.55B	-25.6M	0.72	3.51	N/A	N/A	2,903,000	2,082,960	20,589,800	22,634,360
2018-11-13	$4.98	$5.88	65.5%	17.7%	78.8%	64.3%	61.7%	11.0%	-3.3%	-35.3M	2.70B	-27.8M	0.77	3.73	N/A	N/A	2,826,680	2,187,920	21,341,400	23,054,480
2018-11-14	$4.96	$5.88	67.9%	18.2%	78.8%	68.2%	63.1%	11.8%	-4.5%	-33.9M	2.72B	-27.9M	1.01	5.06	N/A	N/A	2,190,120	2,211,320	21,862,480	23,456,000
2018-11-15	$5.03	$5.75	66.1%	18.3%	79.4%	65.3%	63.0%	12.3%	-2.9%	-29.3M	2.41B	-28.5M	0.80	6.30	N/A	N/A	3,448,400	2,774,440	22,283,840	24,129,040
2018-11-16	$4.11	$5.75	53.0%	15.0%	105.0%	44.7%	52.8%	6.2%	-1.0%	-79.4M	5.97B	-18.0M	0.99	2.84	N/A	N/A	10,268,640	10,164,680	23,160,880	25,287,040
2018-11-19	$3.66	$5.63	62.3%	17.7%	110.1%	59.3%	63.2%	8.6%	-3.2%	-44.9M	4.77B	-15.7M	1.02	3.16	N/A	N/A	6,364,680	6,483,040	19,701,120	21,763,400
2018-11-20	$3.75	$5.38	63.5%	18.1%	111.0%	61.2%	64.0%	10.9%	-3.5%	-39.8M	4.43B	-17.9M	0.76	3.71	N/A	N/A	7,664,880	5,812,280	21,941,840	23,458,080
2018-11-21	$3.62	$5.25	58.2%	16.7%	109.5%	52.9%	58.5%	10.0%	-3.0%	-43.5M	4.67B	-16.5M	0.81	2.57	N/A	N/A	5,448,760	4,394,680	23,696,520	24,507,400
2018-11-23	$3.63	$5.13	59.4%	17.4%	109.4%	54.7%	60.4%	9.9%	-3.9%	-57.3M	4.58B	-16.9M	1.01	4.77	N/A	N/A	2,919,160	2,943,400	24,801,840	25,304,120
2018-11-26	$3.83	$5.13	51.5%	15.4%	111.2%	42.3%	56.4%	8.0%	0.1%	-26.9M	4.07B	-18.1M	0.77	2.25	N/A	N/A	3,649,600	2,826,880	22,091,520	23,339,080
2018-11-27	$3.85	$5.13	48.0%	14.4%	106.7%	36.8%	52.4%	7.4%	-0.1%	-17.9M	3.97B	-18.0M	0.64	2.50	N/A	N/A	3,581,000	2,285,520	23,045,360	23,650,400
2018-11-28	$3.99	$5.00	45.2%	13.8%	99.4%	32.4%	50.1%	6.0%	0.4%	-2.6M	3.46B	-19.7M	0.70	2.61	N/A	N/A	4,170,240	2,913,080	23,857,480	23,931,080
2018-11-29	$3.96	$5.00	44.9%	13.7%	95.7%	31.9%	48.4%	5.4%	0.2%	1.1M	3.60B	-19.6M	0.77	3.51	N/A	N/A	2,594,280	2,007,760	24,536,560	24,308,120
2018-11-30	$4.09	$4.69	47.2%	14.7%	96.1%	35.5%	52.0%	3.9%	0.1%	17.5M	2.50B	-21.3M	0.61	2.46	N/A	N/A	5,566,000	3,397,880	24,990,360	23,664,400