NVDA Options History — February 2023

In February 2023, NVDA traded between $20.66 and $23.69. ATM implied volatility averaged 56.3%, placing in the 31.9% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded below realized volatility by 3.8% (HV 20d: 60.0%). Max pain ranged from $16.50 to $19.50. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.98.

Notable Days

  • 2023-02-23: Highest Volume — 18,124,940 contracts
  • 2023-02-23: Largest IV drop — 10.8% change
  • 2023-02-21: Highest IV Rank — 40.9%
  • 2023-02-22: Largest Expected Move — 17.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.03$20.66$23.69$21.08$23.35
Max Pain$17.87$16.50$19.50$18.00$19.50
ATM IV56.3%51.9%59.6%53.8%51.9%
Expected Move15.8%14.2%17.3%14.2%14.4%
HV 20d60.0%54.1%74.1%55.0%69.4%
HV 60d58.2%54.3%62.3%61.2%60.6%
IV Rank31.9%19.9%40.9%25.2%19.9%
IV Percentile46.9%17.1%70.6%29.0%17.1%
Term Structure-1.0%-1.9%-0.2%-1.7%-0.8%
VWIV56.5%51.2%60.9%51.4%51.2%
Skew 25d4.4%3.0%5.5%5.5%5.1%
Skew 10d8.4%6.0%10.8%10.5%10.3%
Call IV 25d54.5%49.2%58.1%51.4%49.2%
Put IV 25d58.9%54.3%62.4%56.8%54.3%
Bid-Ask Spread %3.742.007.303.547.30
Gamma HHI0.050.030.200.040.04
Net GEX112.7M-94.2M308.2M150.4M88.3M
Net DEX-11.55B-15.89B-6.24B-11.35B-12.05B
Net VEX-67.4M-72.5M-61.0M-61.0M-72.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.980.721.240.831.24
Total Volume7,814,482.6324,040,82018,124,9407,661,8204,919,740
Total OI28,380,422.63225,452,04031,286,19026,160,27029,228,560

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$21.08$18.0053.8%14.2%55.0%25.2%51.4%5.5%-1.7%150.4M-11.35B-61.0M0.833.54N/AN/A4,175,3703,486,45012,363,41013,796,860
2023-02-02$21.48$16.5055.5%15.2%55.0%29.8%54.9%3.8%-1.6%166.1M-12.47B-62.1M0.752.92N/AN/A4,402,0103,285,14012,748,14014,422,540
2023-02-03$21.02$16.5055.7%15.4%55.0%30.4%55.3%3.5%-1.8%107.0M-10.81B-63.0M0.772.16N/AN/A4,159,2703,208,11013,075,68014,787,620
2023-02-06$21.10$16.5057.4%16.0%54.2%34.8%58.3%4.0%-1.1%95.0M-10.08B-63.1M0.872.00N/AN/A2,914,2402,525,85012,380,11013,540,520
2023-02-07$22.14$17.0055.5%15.6%54.1%29.6%56.1%3.5%-0.6%174.9M-13.08B-63.7M0.724.71N/AN/A4,262,4403,079,36012,912,50014,157,190
2023-02-08$22.24$17.0056.6%16.0%54.2%32.9%56.9%3.1%-0.9%183.9M-13.40B-65.6M0.792.07N/AN/A4,297,0803,399,96013,311,20014,687,210
2023-02-09$22.30$17.5058.6%16.4%54.2%38.1%58.6%3.0%-1.4%158.2M-13.30B-67.0M1.102.52N/AN/A4,491,7304,942,74013,652,98015,261,650
2023-02-10$21.19$18.0058.8%16.7%58.9%38.9%59.2%5.1%-1.2%-10.3M-8.88B-69.0M1.243.69N/AN/A4,801,2705,963,67014,050,84016,067,310
2023-02-13$21.76$18.0059.5%16.9%58.9%40.8%60.7%5.0%-0.2%85.7M-10.91B-69.0M1.022.38N/AN/A2,252,9702,305,90013,360,24014,985,640
2023-02-14$22.98$18.0057.9%16.5%59.7%36.2%59.3%4.0%-0.6%176.0M-14.59B-69.3M1.066.17N/AN/A4,302,8704,571,31013,694,13015,376,970
2023-02-15$22.68$18.0056.8%16.3%59.9%33.2%57.1%4.0%-0.7%164.1M-13.74B-69.7M0.895.49N/AN/A3,079,3802,752,35014,179,02015,973,890
2023-02-16$22.07$18.0057.3%16.5%59.2%34.8%58.3%4.6%-0.4%74.7M-11.67B-69.7M1.142.30N/AN/A2,831,9303,233,32014,515,86016,135,700
2023-02-17$21.40$18.0056.6%16.3%59.5%32.9%57.6%4.3%-0.2%-94.2M-8.99B-68.8M0.873.52N/AN/A4,949,4804,297,91014,777,14016,396,670
2023-02-21$20.74$18.0059.6%17.3%56.2%40.9%60.8%5.0%-1.9%44.3M-6.56B-67.1M1.072.64N/AN/A1,951,3002,089,52012,468,25012,983,790
2023-02-22$20.66$18.0059.3%17.3%56.3%40.2%60.9%5.3%-1.9%35.4M-6.24B-67.2M0.945.84N/AN/A3,008,2402,823,65012,844,89013,500,700
2023-02-23$23.69$18.5052.9%14.8%73.4%22.7%52.7%5.0%-0.9%308.2M-15.89B-69.0M1.073.66N/AN/A8,752,2909,372,65013,784,88014,404,720
2023-02-24$23.23$19.0053.1%14.7%74.1%23.3%52.8%4.9%-1.1%120.3M-12.65B-72.5M1.205.88N/AN/A5,348,2706,416,58014,658,25016,627,940
2023-02-27$23.53$19.5052.4%14.6%73.3%21.2%52.1%5.4%-0.8%112.4M-12.71B-72.3M1.042.26N/AN/A2,856,5902,964,23013,255,89014,859,140
2023-02-28$23.35$19.5051.9%14.4%69.4%19.9%51.2%5.1%-0.8%88.3M-12.05B-72.2M1.247.30N/AN/A2,201,2402,718,50013,801,69015,426,870