NVDA Options History — March 2020

In March 2020, NVDA traded between $4.78 and $7.04. ATM implied volatility averaged 77.3%, placing in the 77.6% IV rank vs the trailing year. The 30-day expected move averaged 22.2%. IV traded below realized volatility by 8.2% (HV 20d: 85.6%). Max pain ranged from $6.13 to $6.50. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.90.

Notable Days

  • 2020-03-24: Highest Volume — 7,016,640 contracts
  • 2020-03-05: Largest IV spike — 25.8% change
  • 2020-03-09: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 31.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.07$4.78$7.04$6.84$6.52
Max Pain$6.32$6.13$6.50$6.13$6.25
ATM IV77.3%51.4%108.6%60.0%66.3%
Expected Move22.2%15.3%31.1%17.3%19.4%
HV 20d85.6%57.6%114.5%57.6%112.5%
HV 60d56.6%38.6%74.0%38.6%74.0%
IV Rank77.6%47.7%100.0%74.2%47.7%
IV Percentile98.1%92.9%100.0%99.2%92.9%
Term Structure-2.8%-7.3%2.0%-1.9%-3.6%
VWIV75.9%56.0%100.8%61.0%68.2%
Skew 25d21.6%11.7%35.3%13.9%19.8%
Skew 10d37.9%23.4%62.7%26.4%30.3%
Call IV 25d65.3%46.0%87.6%51.2%56.1%
Put IV 25d86.9%57.8%122.9%65.0%75.9%
Bid-Ask Spread %19.166.8629.389.5624.51
Gamma HHI0.040.030.050.040.04
Net GEX13.9M-22.7M81.0M52.4M34.4M
Net DEX-1.37B-4.82B2.14B-3.85B-2.72B
Net VEX-28.1M-30.7M-24.3M-28.8M-27.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.591.310.650.77
Total Volume5,054,443.6363,559,6407,016,6405,616,4005,509,200
Total OI33,662,972.72729,008,00036,997,24033,845,04030,127,320

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$6.84$6.1360.0%17.3%57.6%74.2%61.0%13.9%-1.9%52.4M-3.85B-28.8M0.659.56N/AN/A3,408,5602,207,84017,007,00016,838,040
2020-03-03$6.70$6.1358.5%17.8%58.4%70.7%61.0%14.0%-1.2%37.2M-3.19B-29.1M0.746.86N/AN/A2,688,9201,994,96017,413,32017,301,200
2020-03-04$7.04$6.2551.4%15.3%60.0%54.5%56.0%11.7%-0.6%81.0M-4.82B-28.8M0.639.73N/AN/A3,710,9202,323,68017,787,32017,642,200
2020-03-05$6.82$6.5064.7%17.2%61.4%84.8%60.4%14.0%-2.5%51.9M-3.71B-30.0M0.598.09N/AN/A3,583,8002,102,80018,350,76018,066,640
2020-03-06$6.58$6.5069.0%18.8%62.9%94.7%65.8%20.2%-1.6%9.7M-2.45B-30.7M0.8719.10N/AN/A3,151,8802,731,56018,589,28018,407,960
2020-03-09$6.22$6.5074.3%20.7%66.3%100.0%69.8%23.0%-1.8%2.2M-1.29B-30.4M0.8121.60N/AN/A2,139,2801,728,04017,008,60017,280,160
2020-03-10$6.46$6.5069.5%18.6%66.0%89.9%64.6%18.5%-4.4%16.0M-2.21B-29.9M0.7212.49N/AN/A2,245,7201,626,92017,211,92017,423,760
2020-03-11$6.17$6.5076.0%20.9%67.4%100.0%70.0%21.6%-3.7%-935.2K-1.12B-29.6M0.8017.42N/AN/A1,982,5201,577,12017,426,72017,581,200
2020-03-12$5.52$6.5091.6%25.2%76.6%100.0%83.6%25.4%-6.2%-21.8M876.7M-27.8M1.2822.45N/AN/A2,171,0802,778,20017,667,96017,669,840
2020-03-13$5.76$6.3882.8%22.6%78.8%86.3%73.8%25.6%-7.3%-18.7M358.2M-27.7M0.8629.38N/AN/A2,590,4402,218,12017,810,88017,896,280
2020-03-16$5.15$6.3899.5%28.2%81.3%100.0%91.8%25.9%-4.5%-18.8M1.41B-25.7M1.1918.03N/AN/A1,861,4802,222,04016,617,80017,233,480
2020-03-17$5.39$6.3895.4%27.2%83.1%94.3%92.7%31.1%-4.0%-15.4M883.8M-27.0M0.9226.95N/AN/A2,675,4402,470,20017,041,56017,726,840
2020-03-18$4.78$6.25108.6%31.1%86.3%100.0%100.8%35.3%-2.0%-22.7M2.14B-24.7M0.8727.81N/AN/A2,753,8802,386,68017,366,48018,327,280
2020-03-19$5.35$6.2593.4%26.9%99.3%81.2%95.8%27.8%-4.0%-6.6M660.5M-27.0M0.7126.32N/AN/A2,924,8802,070,12017,944,12017,904,240
2020-03-20$5.22$6.2586.2%24.8%98.2%72.3%83.8%23.5%-0.6%-9.3M1.08B-25.1M1.3125.97N/AN/A2,953,5203,869,12017,991,48017,855,240
2020-03-23$5.25$6.2572.7%22.2%97.3%55.7%74.5%21.3%-0.2%-16.8M757.4M-24.3M1.2726.21N/AN/A2,306,8002,932,04013,945,76015,062,240
2020-03-24$6.17$6.2572.5%21.8%114.5%55.4%76.3%19.1%-3.0%23.3M-2.05B-27.7M0.9616.30N/AN/A3,588,8803,427,76014,731,52014,886,240
2020-03-25$6.28$6.2583.1%24.2%114.5%68.5%81.4%21.9%-4.0%26.2M-2.38B-28.8M0.8619.74N/AN/A2,722,4002,346,48015,128,76015,636,760
2020-03-26$6.32$6.2580.3%23.6%113.6%65.1%82.3%19.9%-4.0%26.6M-2.47B-28.9M1.2617.90N/AN/A1,925,4002,424,24015,254,12016,015,400
2020-03-27$6.43$6.2578.0%23.6%113.6%62.3%82.6%20.8%-1.7%38.4M-2.90B-29.1M0.8919.87N/AN/A2,754,8402,443,76015,584,08016,565,160
2020-03-30$6.61$6.2567.9%20.5%112.7%49.7%72.9%20.9%2.0%36.7M-3.07B-28.3M0.9515.26N/AN/A1,880,3601,785,88014,223,08015,035,400
2020-03-31$6.52$6.2566.3%19.4%112.5%47.7%68.2%19.8%-3.6%34.4M-2.72B-27.9M0.7724.51N/AN/A3,112,4802,396,72014,605,36015,521,960