NVDA Options History — January 2021

In January 2021, NVDA traded between $12.74 and $13.90. ATM implied volatility averaged 43.4%, placing in the 16.0% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 10.3% (HV 20d: 33.0%). Max pain ranged from $13.00 to $13.38. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.55.

Notable Days

  • 2021-01-11: Highest Volume — 15,979,440 contracts
  • 2021-01-25: Largest IV spike — 13.2% change
  • 2021-01-27: Highest IV Rank — 30.2%
  • 2021-01-27: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.30$12.74$13.90$13.14$13.03
Max Pain$13.29$13.00$13.38$13.00$13.38
ATM IV43.4%38.0%54.8%41.7%52.2%
Expected Move12.0%11.0%14.2%12.0%12.9%
HV 20d33.0%19.9%41.0%19.9%40.8%
HV 60d39.7%37.7%41.3%37.7%38.4%
IV Rank16.0%8.7%30.2%15.5%26.9%
IV Percentile27.4%6.3%74.2%22.2%63.1%
Term Structure1.1%-1.3%6.7%0.3%-1.1%
VWIV42.4%39.0%50.2%42.1%45.6%
Skew 25d0.5%-0.8%2.3%2.1%1.7%
Skew 10d1.0%-2.7%5.1%3.5%3.0%
Call IV 25d43.9%38.3%54.8%40.9%52.6%
Put IV 25d44.4%38.5%57.1%43.0%54.3%
Bid-Ask Spread %36.5325.0652.8731.6042.26
Gamma HHI0.050.030.150.040.05
Net GEX80.4M-176.4M390.8M67.7M-156.1M
Net DEX-5.29B-9.85B-138.7M-6.37B-1.17B
Net VEX-42.1M-45.0M-39.0M-40.0M-44.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.350.830.450.60
Total Volume7,767,966.3163,118,36015,979,44011,882,3608,596,320
Total OI33,782,587.36825,631,44040,805,32035,458,28030,836,360

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-04$13.14$13.0041.7%12.0%19.9%15.5%42.1%2.1%0.3%67.7M-6.37B-40.0M0.4531.60N/AN/A8,174,2003,708,16016,918,88018,539,400
2021-01-05$13.37$13.0040.4%11.7%20.8%13.9%41.5%0.2%0.4%165.8M-8.12B-40.2M0.4125.06N/AN/A4,128,0001,674,36017,746,88019,075,520
2021-01-06$12.74$13.0041.2%11.9%26.6%14.9%41.3%2.2%-0.0%-58.8M-3.39B-39.0M0.5834.15N/AN/A5,462,4403,147,68018,079,96019,367,160
2021-01-07$13.34$13.1338.0%11.2%31.6%10.9%39.6%0.1%1.1%225.9M-8.35B-41.4M0.5031.86N/AN/A6,184,5203,101,60018,964,92020,442,640
2021-01-08$13.22$13.2538.6%11.2%29.1%10.6%39.6%0.5%-0.5%156.5M-6.92B-40.7M0.7331.05N/AN/A4,202,7203,055,92018,966,80020,434,800
2021-01-11$13.66$13.2543.0%12.4%31.2%14.9%43.4%0.2%0.2%174.0M-9.85B-40.8M0.3532.55N/AN/A11,836,2404,143,20017,427,16019,312,560
2021-01-12$13.47$13.3843.3%12.4%31.7%15.3%43.8%-0.5%0.5%152.4M-8.30B-42.4M0.3632.71N/AN/A5,416,5601,934,72018,885,84019,938,920
2021-01-13$13.56$13.3841.4%12.1%30.6%12.8%43.1%-0.8%-0.0%196.9M-9.11B-42.0M0.5429.19N/AN/A3,170,4001,718,16019,355,48020,351,200
2021-01-14$13.30$13.3841.9%12.1%31.5%13.4%43.1%-0.7%-0.3%92.9M-6.75B-41.5M0.5431.90N/AN/A4,186,5602,258,12019,534,88020,525,840
2021-01-15$12.88$13.3839.6%11.4%33.5%10.5%40.0%1.1%-0.1%-176.4M-2.67B-40.6M0.8333.91N/AN/A4,910,0404,083,04019,697,76021,107,560
2021-01-19$13.00$13.3838.2%11.0%33.7%8.7%39.4%1.4%6.3%-48.4M-1.59B-40.5M0.6737.23N/AN/A2,882,6801,939,20012,148,72013,482,720
2021-01-20$13.42$13.3838.7%11.1%35.3%9.4%39.0%0.2%6.1%106.5M-4.07B-41.6M0.5141.68N/AN/A5,119,0002,612,48012,745,92014,043,760
2021-01-21$13.90$13.3842.4%11.9%37.2%14.2%42.1%-0.8%4.4%269.4M-7.35B-42.9M0.3739.81N/AN/A7,808,0402,894,76013,970,24014,628,720
2021-01-22$13.75$13.3841.5%11.2%37.4%13.0%40.0%-0.4%6.7%390.8M-6.55B-43.4M0.4641.46N/AN/A5,544,6402,575,20014,880,80014,903,000
2021-01-25$13.60$13.3847.0%12.2%37.4%20.0%42.9%0.2%-0.7%116.7M-4.67B-43.6M0.6641.91N/AN/A3,798,3202,519,16013,296,88013,984,760
2021-01-26$13.42$13.3849.7%12.6%37.6%23.6%44.7%-0.6%-1.3%39.6M-3.47B-44.2M0.6831.47N/AN/A1,853,2801,265,08013,700,68014,867,440
2021-01-27$12.87$13.3854.8%14.2%40.6%30.2%50.2%2.3%-0.4%-97.7M-138.7M-44.5M0.7051.44N/AN/A3,743,0002,617,96014,069,72015,301,240
2021-01-28$13.10$13.3850.7%12.3%41.0%25.0%44.3%1.6%-0.7%-89.9M-1.57B-45.0M0.4452.87N/AN/A3,709,4001,616,20014,478,88015,855,160
2021-01-29$13.03$13.3852.2%12.9%40.8%26.9%45.6%1.7%-1.1%-156.1M-1.17B-44.9M0.6042.26N/AN/A5,375,6403,220,68014,777,84016,058,520