NVDA Options History — April 2020

In April 2020, NVDA traded between $6.01 and $7.49. ATM implied volatility averaged 60.2%, placing in the 40.2% IV rank vs the trailing year. The 30-day expected move averaged 16.6%. IV traded below realized volatility by 31.4% (HV 20d: 91.5%). Max pain ranged from $6.25 to $6.63. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.71.

Notable Days

  • 2020-04-16: Highest Volume — 11,635,440 contracts
  • 2020-04-02: Largest IV drop — 12.1% change
  • 2020-04-01: Highest IV Rank — 58.2%
  • 2020-04-01: Largest Expected Move — 22.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.93$6.01$7.49$6.05$7.34
Max Pain$6.48$6.25$6.63$6.25$6.63
ATM IV60.2%52.2%74.7%74.7%55.3%
Expected Move16.6%13.1%22.6%22.6%14.4%
HV 20d91.5%60.7%119.5%113.7%60.7%
HV 60d80.2%75.7%82.0%75.7%81.6%
IV Rank40.2%30.4%58.2%58.2%34.2%
IV Percentile88.6%81.0%95.6%95.6%83.3%
Term Structure0.4%-2.9%7.0%-2.1%-1.9%
VWIV57.7%46.2%76.9%76.9%49.6%
Skew 25d12.3%8.6%19.6%19.6%9.6%
Skew 10d21.9%15.7%33.7%33.7%17.6%
Call IV 25d53.3%45.5%63.8%63.8%50.9%
Put IV 25d65.5%56.5%83.4%83.4%60.5%
Bid-Ask Spread %18.814.3143.4318.536.79
Gamma HHI0.060.030.150.030.07
Net GEX56.9M-35.1M129.6M-614.4K66.9M
Net DEX-3.83B-6.03B-700.7M-1.02B-4.70B
Net VEX-27.7M-28.6M-26.6M-27.4M-27.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.710.381.020.960.78
Total Volume5,515,059.0483,519,28011,635,4405,300,2403,519,280
Total OI31,447,340.95229,375,56034,474,00030,745,80031,492,800

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$6.05$6.2574.7%22.6%113.7%58.2%76.9%19.6%-2.1%-614.4K-1.02B-27.4M0.9618.53N/AN/A2,699,3602,600,88014,769,80015,976,000
2020-04-02$6.34$6.2565.7%19.1%114.9%47.0%65.0%17.1%-0.0%18.2M-1.99B-27.8M1.0218.75N/AN/A2,722,0002,783,60015,095,04016,239,760
2020-04-03$6.01$6.2566.4%19.0%115.7%47.9%63.9%17.0%-0.9%-35.1M-700.7M-26.9M0.9025.69N/AN/A3,631,2803,277,40015,370,56016,757,160
2020-04-06$6.64$6.2559.1%16.8%119.5%38.8%59.1%16.3%0.1%48.1M-3.15B-27.7M0.8526.66N/AN/A2,779,6402,359,60014,615,80015,564,320
2020-04-07$6.53$6.2560.9%17.7%119.0%41.1%60.7%15.3%0.1%34.7M-2.67B-27.7M0.8634.46N/AN/A3,674,3603,150,04014,870,84016,178,720
2020-04-08$6.65$6.2559.3%16.9%117.9%39.2%59.5%13.5%0.8%54.9M-3.09B-27.8M1.0230.14N/AN/A2,246,5202,296,64015,218,00016,551,080
2020-04-09$6.56$6.5058.8%17.2%110.1%38.5%58.5%15.2%2.4%26.4M-2.69B-28.1M1.0043.43N/AN/A2,892,5202,898,08015,645,04017,289,720
2020-04-13$6.73$6.5058.1%16.6%109.6%37.7%58.4%13.4%3.5%43.6M-3.27B-27.9M0.7124.58N/AN/A2,168,9601,532,28014,935,28016,355,840
2020-04-14$7.11$6.5053.5%15.3%101.3%32.0%54.4%12.1%4.6%88.0M-4.90B-27.7M0.4636.88N/AN/A5,103,0002,329,04015,316,20016,694,520
2020-04-15$7.06$6.5055.9%16.0%101.1%35.0%55.0%10.8%2.7%79.1M-4.61B-28.0M0.5818.29N/AN/A2,487,4001,447,88015,582,56017,134,880
2020-04-16$7.36$6.5060.0%17.0%88.3%40.0%58.7%11.1%4.7%129.6M-6.03B-28.0M0.3819.33N/AN/A8,402,0803,233,36015,907,76017,324,160
2020-04-17$7.32$6.5056.8%15.6%81.7%36.1%55.3%9.7%7.0%96.1M-5.68B-28.1M0.5826.01N/AN/A4,197,5202,418,64016,664,08017,809,920
2020-04-20$7.20$6.6363.0%17.1%81.1%43.8%59.5%11.0%-1.9%51.5M-4.24B-28.1M0.4110.89N/AN/A2,981,6401,223,76014,098,16015,277,400
2020-04-21$6.80$6.6367.4%18.1%85.2%49.1%63.1%10.0%-0.1%23.9M-2.83B-28.6M0.7013.24N/AN/A3,706,4402,588,36014,635,76015,630,360
2020-04-22$7.18$6.6364.5%16.6%66.8%45.6%59.0%10.0%-1.5%66.6M-4.43B-28.6M0.549.93N/AN/A3,444,4801,868,68015,049,72015,883,560
2020-04-23$7.15$6.6363.1%15.9%66.9%43.8%55.6%9.9%-2.9%62.9M-4.28B-28.4M0.649.97N/AN/A2,648,0001,694,20015,266,96016,218,120
2020-04-24$7.23$6.6358.6%14.7%66.9%38.2%52.1%9.1%-1.5%87.0M-4.64B-27.9M0.757.14N/AN/A2,438,6001,827,60015,372,20016,466,120
2020-04-27$7.45$6.6356.2%14.2%67.2%35.4%51.1%9.4%-1.7%77.0M-5.16B-26.9M0.474.31N/AN/A4,011,3601,872,28014,131,20015,359,280
2020-04-28$7.34$6.6354.0%13.9%67.2%32.6%49.5%8.6%-1.1%77.3M-4.83B-26.8M0.775.41N/AN/A2,578,0401,973,44014,761,84015,759,040
2020-04-29$7.49$6.6352.2%13.1%67.1%30.4%46.2%8.8%-1.5%99.1M-5.43B-26.6M0.504.68N/AN/A2,745,3601,362,64014,985,08016,139,520
2020-04-30$7.34$6.6355.3%14.4%60.7%34.2%49.6%9.6%-1.9%66.9M-4.70B-27.0M0.786.79N/AN/A1,971,6801,547,60015,125,20016,367,600