NVDA Options History — February 2020

In February 2020, NVDA traded between $6.00 and $7.84. ATM implied volatility averaged 45.1%, placing in the 58.4% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 3.5% (HV 20d: 41.5%). Max pain ranged from $5.50 to $6.13. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.54.

Notable Days

  • 2020-02-14: Highest Volume — 22,072,160 contracts
  • 2020-02-14: Largest IV drop — 26.4% change
  • 2020-02-25: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 22.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.76$6.00$7.84$6.00$6.52
Max Pain$5.85$5.50$6.13$6.00$6.13
ATM IV45.1%31.5%71.3%43.6%71.3%
Expected Move13.0%9.0%22.1%13.8%22.1%
HV 20d41.5%29.6%57.7%29.6%57.7%
HV 60d31.3%27.1%38.2%27.1%37.7%
IV Rank58.4%14.0%100.0%57.2%100.0%
IV Percentile72.7%9.9%100.0%82.9%100.0%
Term Structure-1.1%-3.5%2.7%-1.8%-3.5%
VWIV45.6%32.1%78.3%48.5%78.3%
Skew 25d5.0%-0.0%14.4%5.4%12.1%
Skew 10d9.1%-0.4%32.8%9.8%32.8%
Call IV 25d42.8%30.7%67.6%40.5%67.6%
Put IV 25d47.8%33.1%79.7%45.9%79.7%
Bid-Ask Spread %7.582.4820.952.4820.95
Gamma HHI0.080.030.430.050.03
Net GEX94.3M8.5M339.3M33.4M36.5M
Net DEX-5.14B-10.45B-1.67B-2.37B-2.37B
Net VEX-23.9M-30.0M-20.1M-23.6M-30.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.320.860.660.86
Total Volume8,318,202.1052,659,84022,072,1602,659,84011,363,840
Total OI33,849,435.78929,278,68039,574,40029,278,68036,927,480

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$6.00$6.0043.6%13.8%29.6%57.2%48.5%5.4%-1.8%33.4M-2.37B-23.6M0.662.48N/AN/A1,597,7601,062,08014,030,12015,248,560
2020-02-04$6.18$6.0042.4%13.8%31.2%53.2%48.0%5.3%-1.8%68.6M-3.32B-23.0M0.472.52N/AN/A2,382,0401,117,48014,242,68015,523,560
2020-02-05$6.27$6.0042.0%13.7%31.3%51.6%48.0%4.8%-2.0%91.5M-3.82B-22.9M0.663.54N/AN/A1,818,9601,197,00014,602,44015,735,760
2020-02-06$6.34$5.5040.2%10.7%31.4%45.2%37.8%4.2%-1.9%104.9M-4.18B-22.7M0.504.44N/AN/A1,991,920988,28014,834,12016,102,600
2020-02-07$6.29$5.5041.4%11.1%31.6%49.7%38.7%4.5%-2.0%105.5M-3.95B-23.0M0.595.89N/AN/A1,940,7601,151,76015,259,68016,303,280
2020-02-10$6.55$5.5042.3%11.5%34.5%52.7%40.3%3.5%-1.8%78.1M-4.96B-22.1M0.493.98N/AN/A4,088,0402,013,04014,466,80015,578,920
2020-02-11$6.68$5.5044.5%12.0%33.6%60.4%42.3%3.4%-2.2%85.0M-5.55B-22.2M0.494.48N/AN/A5,262,5602,567,48015,156,76016,175,240
2020-02-12$6.82$5.6342.6%11.5%33.4%53.8%41.1%2.8%-2.4%97.6M-6.19B-22.3M0.387.88N/AN/A4,429,0001,698,00016,046,32016,897,200
2020-02-13$6.77$5.6342.8%11.7%33.1%54.5%41.3%3.2%-2.2%95.6M-5.91B-22.9M0.4912.30N/AN/A6,407,4403,112,04017,104,88017,551,440
2020-02-14$7.25$5.7531.5%9.0%40.0%14.0%32.1%2.4%-0.2%339.3M-9.10B-20.1M0.477.03N/AN/A14,999,0807,073,08019,152,64018,706,360
2020-02-18$7.41$5.7533.3%9.5%40.1%20.5%34.3%2.1%2.0%150.1M-8.34B-20.8M0.355.07N/AN/A6,343,6802,222,92017,275,84017,671,640
2020-02-19$7.84$5.8836.2%10.4%43.3%30.9%37.1%-0.0%2.5%154.9M-10.45B-20.5M0.325.61N/AN/A11,331,0003,670,00017,933,08018,252,200
2020-02-20$7.73$6.0038.0%10.7%44.2%37.2%38.4%2.3%2.7%158.5M-9.58B-22.7M0.398.89N/AN/A9,510,0803,696,64019,194,12019,176,080
2020-02-21$7.29$6.0044.4%12.6%50.6%60.2%43.7%4.6%1.9%72.2M-6.90B-25.5M0.607.27N/AN/A7,630,6404,571,64020,042,36019,532,040
2020-02-24$6.89$6.0049.2%13.9%55.1%77.5%48.8%4.4%-0.9%46.4M-3.67B-26.8M0.597.39N/AN/A4,976,9202,951,60016,865,56015,996,520
2020-02-25$6.57$6.1356.0%15.4%56.0%100.0%54.1%7.9%-2.6%23.3M-2.33B-27.2M0.7017.03N/AN/A4,894,9203,409,08017,476,12016,577,280
2020-02-26$6.70$6.1353.4%14.8%55.3%90.9%52.1%7.0%-2.0%41.7M-2.93B-27.5M0.527.36N/AN/A4,526,5202,358,32018,111,72017,119,320
2020-02-27$6.42$6.1361.5%17.8%57.5%100.0%61.4%14.4%-3.4%8.5M-1.67B-28.1M0.679.97N/AN/A4,592,4803,097,76018,662,88017,605,680
2020-02-28$6.52$6.1371.3%22.1%57.7%100.0%78.3%12.1%-3.5%36.5M-2.37B-30.0M0.8620.95N/AN/A6,124,3205,239,52019,198,32017,729,160