NVDA Options History — January 2023

In January 2023, NVDA traded between $14.28 and $20.43. ATM implied volatility averaged 54.0%, placing in the 25.6% IV rank vs the trailing year. The 30-day expected move averaged 15.0%. IV traded below realized volatility by 1.1% (HV 20d: 55.1%). Max pain ranged from $15.25 to $17.50. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 1.24.

Notable Days

  • 2023-01-27: Highest Volume — 9,187,060 contracts
  • 2023-01-23: Largest IV spike — 7.8% change
  • 2023-01-03: Highest IV Rank — 37.8%
  • 2023-01-03: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.25$14.28$20.43$14.30$19.45
Max Pain$16.07$15.25$17.50$15.25$17.50
ATM IV54.0%48.2%58.3%58.3%57.0%
Expected Move15.0%13.9%16.8%16.8%15.4%
HV 20d55.1%45.6%63.5%55.1%51.3%
HV 60d57.3%55.4%59.5%59.3%59.3%
IV Rank25.6%9.9%37.8%37.8%33.8%
IV Percentile31.3%5.2%58.7%58.7%48.8%
Term Structure0.2%-2.0%5.4%-0.7%-1.9%
VWIV53.6%49.9%58.7%58.7%54.7%
Skew 25d6.4%4.8%7.4%6.9%6.3%
Skew 10d11.6%8.9%13.3%13.3%11.3%
Call IV 25d50.8%44.9%54.9%54.9%53.8%
Put IV 25d57.2%51.1%61.7%61.7%60.1%
Bid-Ask Spread %1.781.382.831.382.59
Gamma HHI0.060.030.220.040.03
Net GEX51.7M-69.9M196.7M-53.5M53.1M
Net DEX-4.54B-11.06B2.17B1.94B-6.90B
Net VEX-55.2M-61.2M-49.3M-49.5M-61.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.240.792.161.300.94
Total Volume5,472,267.52,808,7409,187,0603,193,5903,671,450
Total OI27,745,44922,582,26031,095,80027,563,44025,633,750

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$14.30$15.2558.3%16.8%55.1%37.8%58.7%6.9%-0.7%-53.5M1.94B-49.5M1.301.38N/AN/A1,390,6701,802,92013,954,24013,609,200
2023-01-04$14.60$15.2557.1%16.3%56.0%34.1%55.8%6.5%-0.5%-33.9M1.17B-50.4M2.161.56N/AN/A1,567,7603,386,67014,193,55013,889,490
2023-01-05$14.28$15.5057.1%16.1%55.3%34.2%57.8%6.9%-0.9%-69.9M2.17B-49.3M1.731.60N/AN/A1,435,1302,478,28014,395,34014,338,370
2023-01-06$14.96$15.5053.7%15.5%58.1%24.8%55.0%5.9%-0.3%96.6M58.4M-50.8M1.311.54N/AN/A2,273,3802,980,44014,595,70014,351,150
2023-01-09$15.73$15.5054.5%15.8%56.4%27.2%56.9%6.3%0.7%2.3M-1.65B-52.7M1.211.75N/AN/A2,102,3602,550,40014,055,72013,907,720
2023-01-10$15.85$15.5054.7%15.6%56.6%27.6%54.6%5.9%-0.4%8.1M-2.02B-53.5M0.921.64N/AN/A1,461,8601,346,88014,446,58014,307,680
2023-01-11$15.90$15.5054.1%15.5%56.2%25.9%55.4%6.2%0.2%14.1M-2.19B-53.6M1.931.53N/AN/A1,396,7102,701,24014,660,70014,547,680
2023-01-12$16.42$15.5050.0%14.5%55.5%14.8%52.0%6.6%0.6%63.2M-3.85B-53.4M1.071.72N/AN/A3,244,9403,462,60014,828,64014,773,490
2023-01-13$16.87$15.5048.2%13.9%56.0%9.9%49.9%6.2%0.3%86.4M-5.28B-53.8M1.051.67N/AN/A3,079,1003,228,72015,002,01015,058,080
2023-01-17$17.63$15.5049.7%14.3%56.4%13.9%51.4%6.6%3.8%87.2M-7.00B-54.8M1.021.58N/AN/A2,719,0302,776,34014,582,12014,612,430
2023-01-18$17.48$16.0049.9%14.3%56.2%14.3%51.4%6.9%4.5%68.8M-6.48B-55.3M1.591.61N/AN/A2,315,1603,670,39015,004,79015,177,600
2023-01-19$16.89$16.0051.7%14.6%56.5%19.5%52.7%7.4%4.7%-4.8M-4.28B-54.8M1.531.57N/AN/A1,891,2802,900,26015,179,96015,502,410
2023-01-20$17.77$16.0050.3%13.9%59.1%15.4%50.6%6.1%5.4%96.9M-7.55B-55.5M0.941.63N/AN/A4,041,7003,788,36015,338,68015,757,120
2023-01-23$19.10$16.0054.2%14.5%63.5%26.2%52.4%7.0%-1.6%91.5M-7.52B-56.5M0.941.59N/AN/A4,004,5703,784,05010,864,94011,717,320
2023-01-24$19.07$16.5056.2%15.0%55.5%31.7%53.1%6.6%-2.0%75.3M-7.27B-58.8M1.111.62N/AN/A2,366,6402,623,59011,522,76012,726,190
2023-01-25$19.28$17.0056.3%14.7%54.9%31.9%53.1%6.2%-1.9%79.7M-7.75B-59.2M1.211.61N/AN/A2,691,5603,265,75011,781,44013,231,920
2023-01-26$19.67$17.0054.6%14.3%46.1%27.4%50.8%6.2%-1.9%138.3M-8.92B-59.6M0.791.81N/AN/A3,951,5303,122,59012,161,50013,476,270
2023-01-27$20.43$17.5054.6%14.3%45.6%27.2%51.3%4.8%-1.8%196.7M-11.06B-60.5M0.842.83N/AN/A4,979,9504,207,11012,552,37014,027,110
2023-01-30$19.29$17.5057.2%15.4%51.9%34.5%54.7%6.4%-1.6%37.7M-6.49B-60.9M1.182.73N/AN/A2,191,8902,592,09011,917,39013,225,570
2023-01-31$19.45$17.5057.0%15.4%51.3%33.8%54.7%6.3%-1.9%53.1M-6.90B-61.2M0.942.59N/AN/A1,893,8901,777,56012,136,43013,497,320