NVDA Options History — March 2023

In March 2023, NVDA traded between $22.78 and $27.64. ATM implied volatility averaged 48.9%, placing in the 12.4% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded below realized volatility by 5.6% (HV 20d: 54.5%). Max pain ranged from $19.50 to $23.50. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 1.21.

Notable Days

  • 2023-03-17: Highest Volume — 16,518,090 contracts
  • 2023-03-16: Largest IV drop — 6.6% change
  • 2023-03-13: Highest IV Rank — 24.5%
  • 2023-03-13: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.11$22.78$27.64$22.78$27.64
Max Pain$21.59$19.50$23.50$19.50$23.50
ATM IV48.9%42.5%53.6%51.6%42.6%
Expected Move13.8%11.6%15.2%14.5%11.6%
HV 20d54.5%33.2%70.5%70.5%33.2%
HV 60d57.5%53.0%60.7%60.7%53.0%
IV Rank12.4%0.0%24.5%19.0%0.2%
IV Percentile10.3%0.0%31.3%15.9%0.4%
Term Structure0.0%-1.9%4.2%-0.8%4.2%
VWIV49.6%42.2%54.2%51.5%42.2%
Skew 25d6.4%4.6%9.0%5.2%5.5%
Skew 10d11.7%7.9%16.3%10.0%10.5%
Call IV 25d45.9%39.3%49.9%48.9%39.3%
Put IV 25d52.3%44.8%57.7%54.1%44.8%
Bid-Ask Spread %2.621.635.651.632.09
Gamma HHI0.070.030.350.040.12
Net GEX191.0M-185.6M519.0M292.6K366.5M
Net DEX-14.61B-21.65B-8.32B-9.95B-19.01B
Net VEX-78.3M-86.5M-71.5M-72.3M-83.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.891.611.610.98
Total Volume8,304,527.3915,103,08016,518,0907,465,9209,682,830
Total OI30,534,555.65226,598,21034,309,42029,844,81031,604,740

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$22.78$19.5051.6%14.5%70.5%19.0%51.5%5.2%-0.8%292.6K-9.95B-72.3M1.611.63N/AN/A2,860,5604,605,36014,100,59015,744,220
2023-03-02$23.34$19.5050.1%14.0%65.5%14.9%49.9%4.6%-0.7%129.8M-12.49B-71.9M1.601.76N/AN/A2,592,4704,160,83014,467,28016,072,200
2023-03-03$23.80$19.7548.3%13.3%65.5%10.1%47.5%4.8%-0.3%253.0M-14.47B-72.0M1.032.15N/AN/A4,097,2504,235,91014,692,23016,643,840
2023-03-06$23.54$20.0048.8%13.8%65.0%11.5%48.8%4.8%0.4%121.3M-12.44B-71.5M1.052.86N/AN/A2,879,4203,025,80013,596,21015,309,750
2023-03-07$23.39$20.0049.2%13.9%65.2%12.6%49.2%4.7%-0.5%81.6M-11.65B-71.8M1.252.77N/AN/A3,193,2703,992,07013,907,23015,799,440
2023-03-08$24.14$20.0048.5%13.8%64.0%10.7%49.3%4.7%-0.8%209.2M-14.38B-72.6M1.392.27N/AN/A3,046,4304,239,33014,333,47016,193,240
2023-03-09$23.43$20.5051.4%14.5%65.1%18.4%51.5%5.5%-0.5%6.2M-11.08B-74.9M1.423.15N/AN/A3,635,5405,149,24014,738,17017,031,870
2023-03-10$22.92$21.0053.0%15.0%65.7%23.0%53.7%7.8%-1.9%-185.6M-8.32B-75.1M1.575.65N/AN/A4,288,4706,739,74014,903,49017,159,560
2023-03-13$23.09$21.0053.6%15.2%62.7%24.5%54.2%8.6%-0.3%59.5M-10.04B-74.4M1.482.62N/AN/A2,455,6303,638,59013,850,28015,817,950
2023-03-14$23.77$21.0051.5%14.3%62.9%18.8%52.2%7.5%-1.8%160.9M-12.61B-74.5M1.322.90N/AN/A3,195,1904,226,93014,301,31016,243,400
2023-03-15$24.06$21.0052.8%14.9%60.1%22.4%53.8%9.0%-0.7%192.2M-13.50B-77.0M1.353.29N/AN/A3,104,4704,194,52014,898,50016,908,360
2023-03-16$25.45$21.5049.3%14.1%62.7%12.9%51.3%7.5%-0.4%392.7M-19.43B-76.2M1.092.28N/AN/A5,384,9705,858,84015,112,57017,377,680
2023-03-17$26.03$22.0052.1%14.9%61.7%20.6%53.5%7.5%-0.3%519.0M-21.65B-79.6M0.892.77N/AN/A8,759,2407,758,85015,640,43018,668,990
2023-03-20$25.92$22.0050.8%14.5%60.2%17.0%51.8%7.8%-0.2%165.7M-14.18B-80.7M1.062.92N/AN/A3,060,5503,229,94012,708,44013,889,770
2023-03-21$26.34$22.0047.9%13.7%58.2%8.9%49.6%6.8%-0.0%227.0M-15.89B-80.7M0.891.99N/AN/A3,931,4503,510,47013,376,71014,521,700
2023-03-22$26.91$22.5047.5%13.6%58.0%7.9%49.7%6.3%0.3%313.1M-18.08B-81.8M1.084.36N/AN/A6,277,9206,774,27014,015,19015,155,970
2023-03-23$27.11$23.0048.9%14.0%35.1%11.6%50.4%6.7%0.2%295.8M-18.15B-84.9M1.142.88N/AN/A4,742,3605,387,60014,722,23016,449,600
2023-03-24$26.75$23.0048.0%13.7%34.6%9.3%49.1%7.5%0.4%139.8M-15.92B-86.5M1.051.85N/AN/A5,039,7405,282,99015,157,56017,188,630
2023-03-27$26.52$23.2546.8%13.3%34.9%6.0%48.2%6.8%1.4%130.0M-14.36B-84.9M1.071.92N/AN/A2,468,0902,634,99013,665,88015,084,260
2023-03-28$26.27$23.5046.2%13.1%35.0%4.3%47.0%6.6%0.4%114.1M-13.53B-84.8M1.231.83N/AN/A2,623,2003,223,64014,212,13015,653,680
2023-03-29$27.02$23.5043.7%12.2%33.9%0.0%44.4%6.1%1.1%296.3M-16.69B-84.2M1.002.01N/AN/A2,743,9902,749,54014,437,05016,033,940
2023-03-30$27.41$23.5042.5%11.7%33.4%0.0%42.4%6.0%1.8%404.7M-18.25B-84.0M1.262.38N/AN/A2,801,9303,519,71014,646,52016,258,520
2023-03-31$27.64$23.5042.6%11.6%33.2%0.2%42.2%5.5%4.2%366.5M-19.01B-83.8M0.982.09N/AN/A4,881,3104,801,52014,782,21016,822,530