NVDA Options History — May 2022

In May 2022, NVDA traded between $15.88 and $20.27. ATM implied volatility averaged 71.3%, placing in the 82.7% IV rank vs the trailing year. The 30-day expected move averaged 20.3%. IV traded below realized volatility by 6.9% (HV 20d: 78.2%). Max pain ranged from $19.50 to $23.50. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.71.

Notable Days

2022-05-26: Highest Volume — 11,534,980 contracts
2022-05-26: Largest IV drop — 22.0% change
2022-05-09: Highest IV Rank — 100.0%
2022-05-25: Largest Expected Move — 22.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.74	$15.88	$20.27	$19.29	$18.69
Max Pain	$21.36	$19.50	$23.50	$23.50	$19.50
ATM IV	71.3%	52.0%	81.2%	74.0%	55.5%
Expected Move	20.3%	15.5%	22.8%	20.3%	16.6%
HV 20d	78.2%	63.5%	86.9%	65.8%	84.1%
HV 60d	70.7%	67.8%	73.2%	67.8%	72.9%
IV Rank	82.7%	42.1%	100.0%	95.9%	48.9%
IV Percentile	93.2%	63.1%	100.0%	98.8%	71.0%
Term Structure	-2.5%	-4.0%	0.2%	-2.6%	-1.2%
VWIV	70.2%	54.7%	79.7%	70.7%	59.1%
Skew 25d	12.3%	9.2%	14.6%	12.3%	9.7%
Skew 10d	22.5%	18.0%	27.2%	22.3%	18.3%
Call IV 25d	65.4%	48.3%	74.2%	67.8%	50.5%
Put IV 25d	77.7%	57.5%	88.8%	80.1%	60.1%
Bid-Ask Spread %	2.81	1.29	4.05	3.43	1.45
Gamma HHI	0.05	0.03	0.14	0.03	0.04
Net GEX	-36.3M	-111.3M	63.1M	-40.5M	20.7M
Net DEX	5.70B	614.6M	9.51B	4.87B	1.46B
Net VEX	-67.5M	-78.5M	-58.2M	-75.1M	-72.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.52	0.91	0.83	0.73
Total Volume	5,799,027.619	3,182,240	11,534,980	4,204,210	4,352,820
Total OI	28,736,296.667	26,384,540	31,426,220	26,975,260	27,888,720

Daily Data (21 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
2022-05-02	$19.29	$23.50	74.0%	20.3%	65.8%	95.9%	70.7%	12.3%	-2.6%	-40.5M	4.87B	-75.1M	0.83	3.43	N/A	N/A	2,300,570	1,903,640	13,262,430	13,712,830
2022-05-03	$19.49	$23.50	72.2%	19.7%	63.5%	91.8%	68.0%	11.9%	-2.7%	-24.4M	4.37B	-76.1M	0.72	2.87	N/A	N/A	1,852,470	1,329,770	13,756,830	14,013,280
2022-05-04	$20.27	$23.50	65.7%	17.5%	64.9%	77.3%	61.5%	10.4%	-2.4%	14.9M	2.71B	-78.5M	0.52	2.85	N/A	N/A	3,536,660	1,821,570	14,004,200	14,154,260
2022-05-05	$18.74	$22.00	74.0%	20.0%	67.5%	95.7%	67.7%	11.8%	-2.8%	-54.3M	5.97B	-72.3M	0.69	4.03	N/A	N/A	3,133,910	2,178,220	14,418,750	14,259,740
2022-05-06	$18.59	$22.00	73.6%	20.2%	67.4%	94.9%	72.3%	12.1%	-2.8%	-69.3M	6.25B	-72.4M	0.86	4.05	N/A	N/A	3,685,510	3,177,960	14,595,470	14,436,290
2022-05-09	$16.95	$22.00	80.8%	22.2%	71.9%	100.0%	74.1%	14.5%	-2.6%	-69.7M	8.28B	-63.7M	0.72	2.68	N/A	N/A	2,829,380	2,030,410	13,824,340	14,068,450
2022-05-10	$17.63	$22.00	78.3%	21.6%	72.5%	95.1%	74.3%	13.5%	-2.6%	-51.5M	7.15B	-67.9M	0.62	3.00	N/A	N/A	3,627,440	2,254,650	14,230,340	14,265,790
2022-05-11	$16.67	$22.00	81.2%	22.5%	74.1%	100.0%	76.2%	14.1%	-2.7%	-72.3M	8.55B	-63.3M	0.66	2.88	N/A	N/A	3,205,010	2,120,040	14,638,000	14,531,380
2022-05-12	$15.88	$21.50	80.8%	22.5%	71.9%	99.2%	78.3%	14.6%	-2.6%	-83.6M	9.51B	-58.2M	0.73	3.58	N/A	N/A	3,810,440	2,771,530	14,973,290	14,592,870
2022-05-13	$17.73	$21.50	73.2%	20.5%	83.8%	84.1%	70.5%	12.6%	-2.4%	-17.4M	6.15B	-68.2M	0.65	3.06	N/A	N/A	5,110,030	3,310,000	15,490,750	14,815,210
2022-05-16	$17.27	$21.50	71.8%	20.4%	83.5%	81.4%	70.2%	13.0%	-3.0%	-53.6M	6.89B	-64.5M	0.62	3.41	N/A	N/A	2,693,690	1,678,990	14,345,190	14,141,120
2022-05-17	$18.06	$21.50	67.1%	19.1%	85.0%	72.0%	65.5%	12.0%	-3.0%	-29.2M	5.40B	-67.7M	0.52	3.03	N/A	N/A	3,243,100	1,672,420	14,707,200	14,314,890
2022-05-18	$17.00	$21.00	75.4%	21.6%	86.7%	88.5%	73.1%	13.1%	-3.6%	-65.3M	7.16B	-64.0M	0.71	3.51	N/A	N/A	2,805,250	1,993,760	14,946,110	14,378,870
2022-05-19	$17.30	$21.00	70.3%	20.3%	84.6%	78.3%	70.9%	12.5%	-3.2%	-56.0M	6.48B	-65.2M	0.77	2.73	N/A	N/A	2,949,290	2,263,670	15,327,440	14,434,370
2022-05-20	$16.42	$21.00	74.6%	21.8%	85.9%	87.0%	74.8%	12.9%	-4.0%	-111.3M	7.87B	-61.0M	0.74	3.62	N/A	N/A	4,137,420	3,052,030	15,483,290	14,481,560
2022-05-23	$16.75	$20.50	71.5%	21.3%	86.4%	80.7%	73.4%	12.6%	-2.4%	-40.9M	5.72B	-62.2M	0.74	2.07	N/A	N/A	2,049,930	1,510,000	13,210,080	13,174,460
2022-05-24	$16.24	$20.00	74.6%	22.4%	85.8%	86.9%	78.3%	12.6%	-2.5%	-44.9M	6.27B	-60.4M	0.82	2.23	N/A	N/A	2,235,420	1,829,290	13,662,540	13,485,260
2022-05-25	$16.84	$20.00	73.6%	22.8%	86.9%	85.0%	79.7%	13.0%	-2.5%	-24.4M	5.06B	-64.5M	0.78	1.94	N/A	N/A	3,966,630	3,086,380	14,077,970	13,845,680
2022-05-26	$17.90	$19.50	57.4%	17.0%	85.8%	52.8%	61.4%	10.5%	-0.2%	47.1M	2.96B	-67.6M	0.91	1.29	N/A	N/A	6,027,450	5,507,530	15,123,970	14,962,790
2022-05-27	$18.76	$19.50	52.0%	15.5%	85.1%	42.1%	54.7%	9.2%	0.2%	63.1M	614.6M	-72.2M	0.59	1.33	N/A	N/A	5,496,930	3,238,370	15,687,310	15,738,910
2022-05-31	$18.69	$19.50	55.5%	16.6%	84.1%	48.9%	59.1%	9.7%	-1.2%	20.7M	1.46B	-72.5M	0.73	1.45	N/A	N/A	2,520,240	1,832,580	14,157,620	13,731,100