NVDA Options History — September 2019

In September 2019, NVDA traded between $4.12 and $4.62. ATM implied volatility averaged 35.0%, placing in the 12.6% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded below realized volatility by 7.6% (HV 20d: 42.6%). Max pain ranged from $4.00 to $4.25. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.65.

Notable Days

  • 2019-09-05: Highest Volume — 8,333,440 contracts
  • 2019-09-27: Largest IV spike — 12.6% change
  • 2019-09-27: Highest IV Rank — 20.9%
  • 2019-09-27: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.43$4.12$4.62$4.12$4.35
Max Pain$4.22$4.00$4.25$4.13$4.25
ATM IV35.0%32.9%40.0%39.1%36.8%
Expected Move10.0%9.4%11.4%11.3%10.4%
HV 20d42.6%32.5%52.9%48.5%35.8%
HV 60d40.4%39.2%42.2%40.3%40.6%
IV Rank12.6%9.3%20.9%20.4%14.0%
IV Percentile15.0%6.0%39.3%34.1%24.2%
Term Structure0.2%-0.4%1.0%-0.2%0.8%
VWIV35.4%32.6%40.3%40.3%36.5%
Skew 25d5.5%4.3%7.8%6.4%7.1%
Skew 10d10.6%8.4%15.5%12.2%13.8%
Call IV 25d32.4%30.4%36.2%36.2%34.0%
Put IV 25d38.0%35.3%43.8%42.6%41.0%
Bid-Ask Spread %2.521.923.551.922.51
Gamma HHI0.070.040.110.040.05
Net GEX38.3M-6.9M89.7M-2.3M10.6M
Net DEX-1.15B-2.49B161.6M127.3M-276.0M
Net VEX-21.6M-22.4M-20.8M-21.7M-21.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.360.940.850.76
Total Volume4,026,1881,777,0808,333,4402,779,4801,777,080
Total OI35,011,97229,638,48038,257,44034,758,76031,508,240

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$4.12$4.1339.1%11.3%48.5%20.4%40.3%6.4%-0.2%-2.3M127.3M-21.7M0.851.92N/AN/A1,503,6001,275,88016,766,80017,991,960
2019-09-04$4.22$4.1336.0%10.3%49.0%14.3%36.8%5.6%-0.0%23.9M-439.8M-21.9M0.942.19N/AN/A1,471,7201,389,56017,123,28018,375,280
2019-09-05$4.49$4.0035.0%10.1%52.9%12.8%35.3%4.8%0.0%58.9M-2.03B-22.2M0.662.08N/AN/A5,019,7603,313,68017,264,08018,543,000
2019-09-06$4.47$4.2534.2%9.9%52.7%11.4%35.4%4.5%0.0%56.5M-1.88B-22.4M0.652.48N/AN/A3,062,9601,994,88018,112,92019,323,560
2019-09-09$4.52$4.2535.9%10.2%51.9%14.3%36.4%5.0%-0.1%56.0M-1.87B-22.4M0.842.66N/AN/A2,893,0402,438,04017,301,68018,448,360
2019-09-10$4.56$4.2535.4%10.2%50.7%13.5%35.9%5.1%0.2%67.4M-2.09B-22.4M0.602.97N/AN/A2,756,3201,651,60017,706,04018,947,360
2019-09-11$4.60$4.2533.3%9.6%50.2%10.0%34.2%5.0%0.1%82.3M-2.36B-22.1M0.652.61N/AN/A2,412,2401,566,16017,973,64019,119,760
2019-09-12$4.62$4.2532.9%9.4%47.4%9.3%33.8%4.3%-0.1%89.7M-2.49B-22.0M0.732.10N/AN/A3,042,4002,227,60018,183,80019,438,320
2019-09-13$4.55$4.2532.9%9.5%47.9%9.3%33.2%4.7%0.3%50.3M-1.93B-22.0M0.642.43N/AN/A2,281,4001,470,96018,486,44019,771,000
2019-09-16$4.51$4.2534.0%9.7%42.9%11.1%34.6%5.1%0.4%45.2M-1.55B-21.6M0.782.38N/AN/A1,274,800994,60017,285,16018,633,200
2019-09-17$4.52$4.2533.3%9.5%37.2%9.9%35.3%5.3%0.4%48.7M-1.61B-21.4M0.582.79N/AN/A1,751,2001,015,36017,470,44018,860,200
2019-09-18$4.49$4.2533.3%9.5%37.0%9.9%34.6%5.4%0.3%52.7M-1.42B-21.3M0.633.55N/AN/A2,102,8401,328,88017,810,44019,046,120
2019-09-19$4.43$4.2533.1%9.5%37.3%9.5%33.5%5.2%0.1%43.2M-977.8M-21.1M0.362.67N/AN/A3,181,0401,133,04018,051,92019,159,920
2019-09-20$4.33$4.2533.5%9.5%38.3%10.2%34.1%5.5%1.0%-6.9M-293.3M-20.8M0.652.88N/AN/A2,433,0001,590,88018,457,12019,269,800
2019-09-23$4.38$4.2533.4%9.5%32.5%10.0%32.6%5.4%0.5%10.0M-372.8M-20.9M0.531.94N/AN/A1,894,8001,011,08014,250,80015,387,680
2019-09-24$4.30$4.2536.6%10.4%33.4%15.3%36.8%6.0%0.2%-447.5K-24.0M-20.9M0.432.69N/AN/A2,409,8001,038,44014,766,80015,737,840
2019-09-25$4.47$4.2535.0%10.0%34.9%12.7%34.6%6.0%0.1%43.6M-908.6M-21.3M0.442.15N/AN/A2,391,4801,055,92015,185,36015,956,760
2019-09-26$4.44$4.2535.5%10.0%34.9%13.6%35.5%6.1%0.3%40.4M-809.5M-21.4M0.572.44N/AN/A2,540,5201,444,08015,507,36016,172,360
2019-09-27$4.28$4.2540.0%11.4%35.4%20.9%38.8%7.8%-0.4%-4.2M161.6M-21.2M0.762.91N/AN/A3,625,6802,757,44016,141,84016,702,800
2019-09-30$4.35$4.2536.8%10.4%35.8%14.0%36.5%7.1%0.8%10.6M-276.0M-21.2M0.762.51N/AN/A1,011,960765,12015,348,36016,159,880