NVDA Options History — March 2019

In March 2019, NVDA traded between $3.73 and $4.61. ATM implied volatility averaged 38.2%, placing in the 21.3% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 2.1% (HV 20d: 36.0%). Max pain ranged from $3.88 to $4.13. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.76.

Notable Days

  • 2019-03-13: Highest Volume — 12,905,880 contracts
  • 2019-03-22: Largest IV spike — 6.8% change
  • 2019-03-07: Highest IV Rank — 27.3%
  • 2019-03-25: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.19$3.73$4.61$3.92$4.49
Max Pain$4.02$3.88$4.13$4.00$4.13
ATM IV38.2%35.5%41.9%36.8%35.9%
Expected Move11.8%9.6%13.0%9.6%12.3%
HV 20d36.0%25.3%44.1%29.0%42.9%
HV 60d54.7%53.4%56.9%56.9%53.9%
IV Rank21.3%17.2%27.3%19.2%17.8%
IV Percentile40.4%31.7%52.8%34.9%32.5%
Term Structure-0.4%-1.0%0.2%-0.5%0.2%
VWIV41.6%34.5%45.5%34.5%43.0%
Skew 25d3.4%1.2%5.9%4.6%2.5%
Skew 10d5.7%1.7%10.5%7.7%4.3%
Call IV 25d36.8%34.7%39.7%35.2%35.1%
Put IV 25d40.2%36.8%45.3%39.8%37.5%
Bid-Ask Spread %2.551.883.893.862.65
Gamma HHI0.120.060.530.060.48
Net GEX41.3M-34.5M170.8M4.9M162.3M
Net DEX-328.5M-2.48B1.77B773.0M-1.35B
Net VEX-19.3M-21.7M-16.6M-17.6M-21.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.391.720.900.51
Total Volume7,793,956.193,817,28012,905,8805,676,7606,218,200
Total OI35,568,16029,662,52041,042,72038,360,44034,770,800

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$3.92$4.0036.8%9.6%29.0%19.2%34.5%4.6%-0.5%4.9M773.0M-17.6M0.903.86N/AN/A2,983,9602,692,80019,585,48018,774,960
2019-03-04$3.92$4.0038.8%10.6%28.9%22.3%38.0%4.8%-0.4%7.4M811.5M-17.6M0.653.28N/AN/A2,744,4001,775,12018,036,68017,439,920
2019-03-05$3.93$4.0037.1%9.9%27.0%19.6%36.1%4.2%-0.2%16.3M737.9M-17.6M0.982.37N/AN/A1,927,0401,890,24018,696,32017,870,960
2019-03-06$3.81$4.0039.3%11.2%29.5%23.2%39.6%4.5%-0.8%-12.5M1.36B-16.8M1.722.23N/AN/A3,713,0806,398,52018,886,12018,110,320
2019-03-07$3.73$4.0041.9%12.2%29.3%27.3%42.5%5.9%-1.0%-24.1M1.77B-16.6M0.952.45N/AN/A4,599,0004,392,20019,626,64018,614,160
2019-03-08$3.76$4.0041.0%11.6%25.3%25.8%41.6%5.7%-0.5%-34.5M1.48B-16.7M1.172.54N/AN/A3,444,4804,041,40020,408,72019,041,560
2019-03-11$4.03$4.0039.2%12.0%35.0%22.9%42.0%4.2%-0.4%31.9M34.1M-17.8M0.542.22N/AN/A6,245,2803,377,12018,643,52017,972,840
2019-03-12$4.08$4.0038.1%11.7%34.7%21.1%41.2%4.0%-1.0%45.8M-315.3M-18.2M0.522.41N/AN/A4,599,0402,377,28019,573,32018,528,040
2019-03-13$4.22$4.0037.6%11.7%35.0%20.5%41.7%3.4%-0.8%54.8M-1.12B-18.9M0.902.31N/AN/A6,776,3206,129,56019,855,84018,932,880
2019-03-14$4.15$4.0036.6%11.7%35.9%18.9%41.4%2.6%-0.4%40.0M-626.8M-18.9M1.132.11N/AN/A4,301,0004,851,12020,363,96019,700,360
2019-03-15$4.24$3.8835.8%11.5%36.4%17.6%40.3%2.1%-0.5%170.8M-1.19B-19.4M0.861.99N/AN/A4,963,8004,282,48021,067,44019,975,280
2019-03-18$4.23$3.8836.4%11.7%35.9%18.5%41.1%2.4%-0.4%26.9M-349.0M-19.3M0.602.57N/AN/A3,005,5601,791,84014,602,96015,059,560
2019-03-19$4.38$3.8835.5%11.8%37.4%17.2%41.3%2.1%0.0%51.4M-1.12B-20.0M0.563.89N/AN/A6,965,2003,920,52015,301,72015,569,720
2019-03-20$4.36$4.0036.3%12.1%37.4%18.3%42.4%2.2%0.1%48.4M-992.9M-20.4M0.632.85N/AN/A4,188,6802,629,32015,995,12016,133,920
2019-03-21$4.61$4.0037.5%12.2%40.1%20.3%43.1%1.2%0.2%78.1M-2.48B-21.2M0.631.88N/AN/A7,000,6004,421,92016,716,16016,650,560
2019-03-22$4.44$4.1340.1%12.8%43.3%24.3%44.5%2.4%-0.3%23.6M-1.15B-21.4M0.692.96N/AN/A5,998,0004,114,32016,840,48017,455,640
2019-03-25$4.36$4.1340.8%13.0%44.1%25.5%45.5%3.0%-0.5%22.3M-487.4M-21.2M0.672.14N/AN/A3,808,8402,548,76015,811,92015,714,080
2019-03-26$4.40$4.1339.9%13.0%43.6%24.1%45.1%2.9%-0.5%42.1M-790.4M-21.5M0.432.40N/AN/A4,949,8802,134,24016,527,12016,210,000
2019-03-27$4.42$4.1339.4%13.0%43.3%23.3%45.3%3.2%-0.4%44.1M-853.6M-21.7M0.392.21N/AN/A4,015,7201,551,16016,969,52016,676,080
2019-03-28$4.44$4.1337.5%12.5%42.9%20.3%44.0%2.9%-0.1%66.9M-1.04B-21.4M0.492.18N/AN/A3,956,4801,948,60017,381,64016,839,040
2019-03-29$4.49$4.1335.9%12.3%42.9%17.8%43.0%2.5%0.2%162.3M-1.35B-21.3M0.512.65N/AN/A4,130,4402,087,76017,772,88016,997,920