NVDA Options History — January 2020

In January 2020, NVDA traded between $5.90 and $6.32. ATM implied volatility averaged 36.7%, placing in the 30.4% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 15.5% (HV 20d: 21.2%). Max pain ranged from $5.00 to $6.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.62.

Notable Days

  • 2020-01-10: Highest Volume — 7,560,640 contracts
  • 2020-01-13: Largest IV spike — 12.2% change
  • 2020-01-31: Highest IV Rank — 71.5%
  • 2020-01-31: Largest Expected Move — 14.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.12$5.90$6.32$5.98$5.90
Max Pain$5.71$5.00$6.00$5.00$6.00
ATM IV36.7%29.3%47.5%29.3%47.5%
Expected Move11.0%8.3%14.8%8.3%14.8%
HV 20d21.2%18.1%29.2%18.4%29.2%
HV 60d26.4%24.7%28.9%28.9%26.9%
IV Rank30.4%5.4%71.5%5.4%71.5%
IV Percentile39.4%4.0%90.1%4.0%90.1%
Term Structure1.0%-2.0%8.2%0.2%-0.5%
VWIV38.7%29.6%50.9%29.6%50.9%
Skew 25d4.1%2.8%6.1%3.4%6.1%
Skew 10d7.7%5.3%11.4%6.4%11.4%
Call IV 25d34.7%27.6%44.9%28.1%44.9%
Put IV 25d38.7%30.6%51.0%31.5%51.0%
Bid-Ask Spread %4.352.217.082.595.09
Gamma HHI0.090.050.170.120.11
Net GEX89.8M-31.2M177.5M143.0M-31.2M
Net DEX-4.74B-7.01B-1.61B-5.59B-1.61B
Net VEX-21.2M-24.1M-19.3M-20.3M-24.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.460.800.580.80
Total Volume4,408,729.5242,666,8407,560,6403,956,5604,746,920
Total OI34,360,226.66726,693,24041,742,92037,194,08031,107,200

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-01-02$5.98$5.0029.3%8.3%18.4%5.4%29.6%3.4%0.2%143.0M-5.59B-20.3M0.582.59N/AN/A2,500,0401,456,52018,506,40018,687,680
2020-01-03$5.92$5.0030.5%8.7%19.3%9.2%31.6%4.1%0.4%75.8M-5.04B-20.9M0.742.21N/AN/A1,955,6801,442,12018,775,48018,989,920
2020-01-06$5.92$5.5030.5%10.6%19.1%9.1%37.2%4.1%6.1%93.7M-5.01B-20.5M0.654.28N/AN/A1,620,6801,046,16017,876,88018,473,240
2020-01-07$6.01$5.5029.8%10.4%19.0%7.0%36.4%3.5%6.4%121.2M-5.59B-20.2M0.462.95N/AN/A2,670,2001,219,60018,203,48018,794,520
2020-01-08$6.02$5.5029.4%10.2%18.9%5.6%35.8%3.5%6.7%130.9M-5.69B-20.0M0.684.00N/AN/A1,874,9601,279,60018,460,08019,045,440
2020-01-09$6.08$5.5030.3%10.0%18.9%8.4%35.4%3.0%7.3%148.9M-6.00B-19.9M0.503.75N/AN/A3,291,7601,639,24018,671,72019,260,920
2020-01-10$6.11$5.5031.6%10.1%18.6%12.6%35.7%2.8%8.2%177.5M-6.25B-19.9M0.513.84N/AN/A5,004,9602,555,68018,921,64019,597,320
2020-01-13$6.29$5.5035.5%10.4%18.1%24.6%36.1%3.7%-0.9%126.1M-7.01B-19.3M0.503.74N/AN/A4,573,2802,286,48018,345,88019,207,480
2020-01-14$6.20$5.6336.5%10.4%19.6%27.9%36.8%3.8%-0.7%100.4M-6.27B-20.1M0.774.17N/AN/A2,783,1202,145,32018,783,28019,824,520
2020-01-15$6.12$5.6338.1%10.8%20.5%32.9%37.3%4.2%-0.1%79.8M-5.72B-20.6M0.557.08N/AN/A2,695,4001,479,48019,106,84020,375,800
2020-01-16$6.21$5.6336.0%10.0%20.7%26.3%35.2%4.0%-1.7%126.1M-6.44B-20.2M0.626.12N/AN/A3,197,8401,983,56019,628,88020,777,920
2020-01-17$6.21$6.0035.6%10.0%20.7%25.1%35.3%4.0%-1.1%88.4M-6.36B-21.2M0.585.30N/AN/A2,136,8801,238,08020,260,04021,482,880
2020-01-21$6.20$6.0037.6%10.7%19.6%31.3%37.2%4.0%-0.6%66.1M-3.41B-20.7M0.595.50N/AN/A1,854,3601,097,24012,714,20013,979,040
2020-01-22$6.26$6.0037.8%10.8%19.5%31.8%37.8%3.8%-1.2%91.3M-3.82B-20.7M0.544.89N/AN/A2,774,5201,506,76013,359,72014,338,200
2020-01-23$6.32$6.0038.6%11.1%19.6%35.4%39.2%3.9%-1.3%104.2M-4.12B-21.5M0.623.56N/AN/A2,260,3201,406,60013,798,28014,735,880
2020-01-24$6.25$6.0041.2%12.0%20.3%45.9%41.5%3.4%-2.0%59.0M-3.64B-21.9M0.586.39N/AN/A4,008,6002,305,52014,019,00015,116,400
2020-01-27$6.01$6.0045.5%13.6%25.0%63.2%47.2%4.7%-1.2%28.6M-2.40B-22.9M0.775.69N/AN/A2,722,4402,092,48013,668,76014,423,560
2020-01-28$6.21$6.0043.1%13.0%27.3%55.4%45.7%4.9%-0.9%79.9M-3.52B-23.2M0.642.92N/AN/A2,588,8401,645,32014,442,68015,020,920
2020-01-29$6.15$6.0042.6%12.9%26.5%53.8%45.3%5.1%-0.9%54.4M-3.12B-23.1M0.673.21N/AN/A1,922,1601,279,64014,657,12015,450,440
2020-01-30$6.13$6.0043.0%13.1%26.3%55.2%45.8%5.3%-0.9%21.7M-2.92B-23.4M0.633.99N/AN/A2,643,0801,651,88014,821,84015,853,280
2020-01-31$5.90$6.0047.5%14.8%29.2%71.5%50.9%6.1%-0.5%-31.2M-1.61B-24.1M0.805.09N/AN/A2,633,9202,113,00015,107,24015,999,960