NVDA Options History — January 2022

In January 2022, NVDA traded between $22.09 and $30.04. ATM implied volatility averaged 54.8%, placing in the 71.9% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded above realized volatility by 11.0% (HV 20d: 43.8%). Max pain ranged from $22.75 to $30.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.71.

Notable Days

2022-01-21: Highest Volume — 10,843,080 contracts
2022-01-18: Largest IV spike — 14.1% change
2022-01-24: Highest IV Rank — 100.0%
2022-01-26: Largest Expected Move — 20.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.76	$22.09	$30.04	$30.04	$24.22
Max Pain	$27.73	$22.75	$30.00	$22.75	$27.00
ATM IV	54.8%	45.9%	66.9%	46.0%	56.9%
Expected Move	16.2%	13.1%	20.5%	13.1%	17.8%
HV 20d	43.8%	33.8%	53.6%	52.8%	48.7%
HV 60d	54.5%	52.2%	56.9%	52.2%	56.9%
IV Rank	71.9%	47.6%	100.0%	47.9%	72.2%
IV Percentile	90.3%	73.0%	100.0%	75.8%	95.2%
Term Structure	-0.5%	-2.5%	2.4%	0.0%	-1.4%
VWIV	56.9%	46.9%	70.1%	46.9%	63.1%
Skew 25d	5.3%	1.8%	10.8%	1.8%	6.9%
Skew 10d	9.8%	3.3%	19.5%	3.3%	12.6%
Call IV 25d	52.9%	45.3%	62.4%	46.1%	53.5%
Put IV 25d	58.2%	48.0%	72.6%	48.0%	60.3%
Bid-Ask Spread %	2.84	1.80	4.83	1.89	2.36
Gamma HHI	0.04	0.03	0.09	0.04	0.04
Net GEX	2.5M	-132.9M	161.5M	153.0M	75.4M
Net DEX	-5.40B	-17.93B	3.44B	-17.93B	-2.39B
Net VEX	-83.6M	-87.1M	-78.6M	-85.8M	-86.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.40	0.92	0.41	0.40
Total Volume	6,985,036.5	4,481,900	10,843,080	5,601,850	6,052,030
Total OI	30,250,603.5	23,516,180	33,960,630	29,881,800	24,985,700

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-01-03	$30.04	$22.75	46.0%	13.1%	52.8%	47.9%	46.9%	1.8%	0.0%	153.0M	-17.93B	-85.8M	0.41	1.89	N/A	N/A	3,983,050	1,618,800	14,060,950	15,820,850
2022-01-04	$29.23	$22.88	48.8%	14.0%	53.6%	56.9%	49.9%	1.9%	-0.1%	104.6M	-15.03B	-87.1M	0.55	1.80	N/A	N/A	4,294,170	2,346,060	14,663,460	16,065,540
2022-01-05	$27.78	$23.00	51.2%	14.9%	49.5%	64.4%	53.2%	1.9%	-0.2%	-25.5M	-9.94B	-86.0M	0.70	2.74	N/A	N/A	3,852,170	2,700,890	15,086,350	16,565,750
2022-01-06	$28.14	$30.00	49.7%	14.7%	49.8%	59.7%	51.5%	3.3%	-0.2%	1.4M	-11.23B	-86.8M	0.86	2.88	N/A	N/A	3,972,760	3,399,440	15,529,620	16,910,360
2022-01-07	$27.34	$30.00	49.6%	14.6%	49.9%	59.3%	52.1%	3.4%	-0.3%	-132.9M	-8.09B	-84.9M	0.89	2.50	N/A	N/A	3,930,180	3,505,340	15,908,700	17,245,480
2022-01-10	$27.13	$30.00	51.1%	15.0%	49.5%	64.0%	53.1%	3.7%	1.4%	8.5M	-8.63B	-84.6M	0.79	3.39	N/A	N/A	3,900,650	3,086,190	14,627,880	16,680,850
2022-01-11	$27.69	$30.00	47.9%	14.3%	46.7%	54.1%	50.5%	3.3%	1.9%	101.3M	-11.11B	-84.6M	0.52	2.40	N/A	N/A	3,636,170	1,908,190	15,146,510	16,954,930
2022-01-12	$28.03	$30.00	45.9%	13.8%	46.9%	47.6%	48.8%	2.7%	2.2%	161.5M	-12.47B	-85.7M	0.59	2.57	N/A	N/A	3,028,760	1,773,860	15,516,100	17,190,200
2022-01-13	$26.74	$30.00	51.3%	15.1%	43.8%	64.7%	52.6%	3.4%	1.7%	-19.6M	-7.46B	-83.8M	0.68	2.59	N/A	N/A	5,042,640	3,409,640	15,638,760	17,345,010
2022-01-14	$26.88	$30.00	48.1%	14.2%	39.7%	54.6%	50.1%	3.6%	2.4%	-25.0M	-7.61B	-83.7M	0.92	2.61	N/A	N/A	4,033,780	3,702,470	16,178,660	17,781,970
2022-01-18	$25.86	$28.00	54.9%	15.8%	41.5%	76.0%	55.1%	3.9%	-1.5%	-31.8M	-5.25B	-81.7M	0.87	2.74	N/A	N/A	2,392,160	2,089,740	15,099,050	17,123,550
2022-01-19	$25.24	$28.00	53.9%	15.5%	42.1%	73.0%	54.2%	4.2%	-1.5%	-74.4M	-3.27B	-80.9M	0.79	2.72	N/A	N/A	3,665,340	2,887,230	15,457,430	17,454,980
2022-01-20	$24.25	$28.00	53.9%	15.5%	40.1%	73.0%	54.7%	5.2%	-1.6%	-120.9M	-246.8M	-78.6M	0.79	2.89	N/A	N/A	3,796,670	3,000,320	15,446,110	17,676,180
2022-01-21	$23.61	$28.00	60.1%	17.4%	39.7%	92.4%	60.4%	6.7%	-2.2%	-117.6M	1.44B	-79.6M	0.82	3.45	N/A	N/A	5,956,790	4,886,290	15,864,310	17,934,920
2022-01-24	$22.99	$27.50	66.5%	19.9%	38.7%	100.0%	70.1%	10.3%	-2.1%	-34.6M	2.05B	-81.7M	0.65	4.83	N/A	N/A	6,163,250	4,006,090	11,347,070	12,169,110
2022-01-25	$22.55	$27.50	66.9%	20.2%	33.8%	100.0%	69.8%	10.8%	-2.2%	5.4M	2.10B	-83.2M	0.82	3.38	N/A	N/A	3,404,990	2,775,730	12,440,310	12,614,100
2022-01-26	$22.82	$27.50	66.7%	20.5%	35.2%	99.5%	70.1%	10.2%	-2.5%	16.5M	1.36B	-83.4M	0.58	3.53	N/A	N/A	4,735,870	2,747,460	12,779,400	12,874,920
2022-01-27	$22.09	$27.50	65.4%	20.1%	35.8%	95.8%	68.1%	10.2%	-2.4%	-38.7M	3.44B	-81.6M	0.76	2.99	N/A	N/A	3,877,680	2,965,240	12,982,570	13,149,730
2022-01-28	$22.53	$27.00	60.7%	18.5%	37.9%	82.9%	63.9%	8.5%	-1.9%	44.1M	2.33B	-82.2M	0.84	2.63	N/A	N/A	3,895,520	3,277,120	13,351,960	13,342,740
2022-01-31	$24.22	$27.00	56.9%	17.8%	48.7%	72.2%	63.1%	6.9%	-1.4%	75.4M	-2.39B	-86.5M	0.40	2.36	N/A	N/A	4,332,940	1,719,090	12,323,460	12,662,240