NVDA Options History — March 2021

In March 2021, NVDA traded between $11.67 and $13.77. ATM implied volatility averaged 40.6%, placing in the 6.9% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded below realized volatility by 14.5% (HV 20d: 55.1%). Max pain ranged from $13.19 to $13.63. Net GEX was positive for 8 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.74.

Notable Days

  • 2021-03-05: Highest Volume — 9,602,320 contracts
  • 2021-03-08: Largest IV spike — 11.0% change
  • 2021-03-08: Highest IV Rank — 16.4%
  • 2021-03-08: Largest Expected Move — 13.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.89$11.67$13.77$13.77$13.40
Max Pain$13.39$13.19$13.63$13.63$13.19
ATM IV40.6%35.2%47.8%41.1%35.2%
Expected Move11.7%10.1%13.6%11.5%10.1%
HV 20d55.1%48.3%59.4%48.3%50.2%
HV 60d43.9%37.7%46.9%37.7%46.9%
IV Rank6.9%0.0%16.4%7.2%0.0%
IV Percentile14.4%0.0%39.3%13.9%0.0%
Term Structure-0.1%-1.7%1.2%-0.3%-0.1%
VWIV41.5%36.4%47.7%41.2%36.6%
Skew 25d2.8%1.2%5.1%1.9%1.7%
Skew 10d6.7%3.5%12.1%4.2%3.5%
Call IV 25d39.7%34.9%45.4%40.5%34.9%
Put IV 25d42.5%36.6%50.3%42.4%36.6%
Bid-Ask Spread %12.353.5826.0912.154.21
Gamma HHI0.030.030.040.030.04
Net GEX-27.2M-169.7M178.9M10.3M178.9M
Net DEX-338.3M-3.97B4.68B-2.80B-3.97B
Net VEX-48.5M-53.1M-42.7M-46.3M-48.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.530.930.630.61
Total Volume5,657,737.3912,615,0809,602,3205,175,0406,650,360
Total OI31,416,690.43526,899,64035,725,88028,539,80029,754,720

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$13.77$13.6341.1%11.5%48.3%7.2%41.2%1.9%-0.3%10.3M-2.80B-46.3M0.6312.15N/AN/A3,168,0402,007,00013,655,72014,884,080
2021-03-02$13.48$13.6341.0%11.6%48.8%7.1%41.1%1.9%-0.1%-45.1M-1.37B-46.0M0.648.43N/AN/A2,305,3201,481,48014,281,64015,555,680
2021-03-03$12.91$13.6343.8%12.8%50.4%10.9%45.7%3.4%-1.2%-156.1M1.54B-45.5M0.7413.91N/AN/A4,085,4803,005,80014,572,16016,085,160
2021-03-04$12.35$13.6346.7%13.2%52.5%14.9%46.3%4.8%-1.7%-169.7M3.76B-44.9M0.8519.22N/AN/A4,475,6003,812,76015,503,84016,822,480
2021-03-05$12.48$13.6343.1%12.3%52.7%9.9%43.9%4.0%-1.4%-103.1M3.21B-46.1M0.9316.34N/AN/A4,985,1204,617,20016,054,12016,979,040
2021-03-08$11.67$13.6347.8%13.6%57.1%16.4%47.7%5.1%-0.0%-114.8M4.68B-42.7M0.808.26N/AN/A4,831,5203,867,52014,031,28016,143,440
2021-03-09$12.51$13.3843.6%12.7%58.3%10.6%44.9%3.3%0.7%-44.6M1.21B-48.8M0.6923.38N/AN/A5,375,7203,686,28015,388,04017,476,800
2021-03-10$12.54$13.3842.8%12.6%58.4%9.6%44.4%3.6%1.2%-34.0M1.05B-51.2M0.7526.09N/AN/A3,658,0802,728,04016,089,60018,066,280
2021-03-11$13.02$13.3841.8%12.2%59.2%8.2%42.8%2.7%1.1%97.8M-1.80B-53.1M0.5310.58N/AN/A3,680,2401,954,04016,692,52018,640,000
2021-03-12$12.86$13.3842.4%12.4%57.5%9.0%44.2%2.6%1.2%-24.0M-630.1M-52.4M0.7811.80N/AN/A3,270,7602,545,04016,959,88018,766,000
2021-03-15$13.16$13.3842.6%12.3%58.4%9.3%43.9%2.6%-0.4%37.7M-1.93B-51.3M0.5619.42N/AN/A2,615,2401,461,16015,325,12017,289,520
2021-03-16$13.32$13.3840.7%11.7%57.7%6.7%41.7%2.8%0.0%108.5M-2.89B-51.3M0.7618.79N/AN/A3,276,8802,485,32015,899,68017,640,640
2021-03-17$13.33$13.3840.5%11.6%57.3%6.4%41.6%1.2%0.2%102.7M-2.91B-50.9M0.8211.45N/AN/A1,944,1601,601,88016,145,60017,928,680
2021-03-18$12.78$13.3843.0%12.4%58.8%9.9%43.3%3.2%-0.9%-73.3M370.5M-49.8M0.7411.67N/AN/A2,575,6001,905,20016,206,32018,135,640
2021-03-19$12.83$13.2539.6%11.4%58.8%6.6%40.4%3.5%-0.1%-123.8M237.5M-49.4M0.8315.16N/AN/A2,884,4002,401,96016,433,52018,404,360
2021-03-22$13.20$13.2536.4%10.5%59.4%1.0%37.5%1.7%0.1%19.7M-2.30B-48.5M0.733.58N/AN/A2,760,8402,025,68012,203,04014,696,600
2021-03-23$13.07$13.2536.1%10.4%59.2%0.7%36.4%2.4%0.0%4.0M-1.64B-48.2M0.8711.27N/AN/A1,563,3201,353,68012,849,88015,022,760
2021-03-24$12.73$13.2537.3%10.8%59.0%3.2%37.8%3.1%-0.5%-85.7M4.8M-47.7M0.907.66N/AN/A2,153,4801,948,12013,166,60015,251,040
2021-03-25$12.55$13.2537.9%11.0%52.4%4.3%39.1%2.7%-0.1%-152.1M951.0M-47.8M0.839.18N/AN/A3,427,6802,854,40013,726,52015,816,720
2021-03-26$12.70$13.2537.0%10.7%50.6%2.7%37.9%2.7%-0.2%-53.3M-54.2M-48.3M0.7010.23N/AN/A3,698,1202,599,40014,314,00016,234,040
2021-03-29$12.93$13.2537.1%10.9%51.2%3.0%38.7%1.8%-0.1%-2.3M-1.28B-48.3M0.736.14N/AN/A2,187,3601,597,60012,917,76015,270,280
2021-03-30$12.91$13.2536.3%10.5%50.7%1.2%37.4%1.8%-0.2%-2.7M-1.21B-48.5M0.565.20N/AN/A1,676,480938,60013,558,00015,745,080
2021-03-31$13.40$13.1935.2%10.1%50.2%0.0%36.6%1.7%-0.1%178.9M-3.97B-48.8M0.614.21N/AN/A4,126,4802,523,88013,846,72015,908,000