NVDA Options History — April 2023

In April 2023, NVDA traded between $26.34 and $27.96. ATM implied volatility averaged 43.6%, placing in the 6.0% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 14.7% (HV 20d: 28.9%). Max pain ranged from $24.00 to $26.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 1.14.

Notable Days

  • 2023-04-14: Highest Volume — 10,046,040 contracts
  • 2023-04-25: Largest IV spike — 8.4% change
  • 2023-04-26: Highest IV Rank — 19.9%
  • 2023-04-10: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.13$26.34$27.96$27.96$27.66
Max Pain$25.11$24.00$26.00$24.00$26.00
ATM IV43.6%39.9%48.1%43.3%45.4%
Expected Move11.9%10.5%12.8%11.8%10.5%
HV 20d28.9%24.0%34.0%32.5%27.7%
HV 60d50.3%44.9%52.6%52.6%44.9%
IV Rank6.0%0.0%19.9%2.2%13.5%
IV Percentile2.9%0.0%10.3%0.8%7.1%
Term Structure1.5%-1.4%6.7%0.4%-1.4%
VWIV42.5%38.2%46.3%42.4%38.2%
Skew 25d5.4%4.2%6.2%5.8%5.8%
Skew 10d9.8%7.4%12.6%10.1%10.3%
Call IV 25d41.0%36.5%45.4%41.2%42.8%
Put IV 25d46.4%41.2%51.6%46.9%48.6%
Bid-Ask Spread %1.981.492.532.021.61
Gamma HHI0.060.030.190.050.09
Net GEX79.9M-186.7M333.7M216.7M333.7M
Net DEX-14.03B-18.34B-8.93B-17.75B-14.61B
Net VEX-82.8M-84.5M-80.8M-83.2M-83.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.140.791.331.111.05
Total Volume6,502,102.1054,035,77010,046,0405,360,6006,928,000
Total OI29,987,137.36826,730,16033,139,33028,782,28029,240,810

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$27.96$24.0043.3%11.8%32.5%2.2%42.4%5.8%0.4%216.7M-17.75B-83.2M1.112.02N/AN/A2,543,9402,816,66013,461,13015,321,150
2023-04-04$27.35$24.0044.3%12.0%33.9%4.7%42.3%5.4%0.6%108.2M-15.41B-84.4M1.042.06N/AN/A2,340,8702,444,50013,798,14015,768,400
2023-04-05$26.81$24.0044.5%11.9%34.0%5.2%42.1%5.6%0.7%-71.0M-13.03B-84.4M1.191.94N/AN/A4,015,0204,768,15013,998,67016,064,630
2023-04-06$27.06$25.0043.4%12.7%31.4%2.3%46.0%5.6%0.7%126.2M-14.91B-83.6M1.012.36N/AN/A3,524,5003,564,21014,397,84016,355,050
2023-04-10$27.54$25.0044.6%12.8%29.7%5.4%46.3%5.7%-0.0%188.5M-16.35B-82.6M1.122.21N/AN/A2,558,7502,866,34013,426,24015,240,300
2023-04-11$27.24$25.0043.8%12.7%30.5%3.3%45.9%5.5%0.4%164.4M-15.30B-83.0M1.152.53N/AN/A1,874,6502,161,12013,977,50015,982,440
2023-04-12$26.57$25.0043.8%12.5%31.6%3.4%44.5%5.7%-0.1%-42.3M-12.30B-82.2M1.152.12N/AN/A3,280,6003,781,64014,111,16016,406,150
2023-04-13$26.60$25.0042.6%12.2%31.5%0.2%43.2%5.4%0.0%-79.2M-12.44B-81.7M1.241.96N/AN/A3,061,3303,781,95014,453,57016,858,310
2023-04-14$26.74$25.0041.8%12.0%25.1%0.0%42.6%5.6%0.4%-68.4M-13.22B-81.9M1.162.45N/AN/A4,644,5105,401,53014,712,59017,271,680
2023-04-17$26.90$25.0040.9%11.7%24.0%0.0%41.8%5.3%6.1%126.8M-14.28B-80.8M1.292.03N/AN/A1,819,9202,342,18013,747,30015,996,050
2023-04-18$27.61$25.0040.6%11.6%25.4%0.0%41.2%4.5%6.7%266.5M-17.19B-80.8M1.031.95N/AN/A4,577,6604,733,21014,050,07016,366,310
2023-04-19$27.96$25.0039.9%11.4%25.2%0.0%41.1%4.2%6.3%301.5M-18.34B-82.4M1.331.97N/AN/A2,231,9002,961,36014,579,63017,222,780
2023-04-20$27.03$25.0041.7%11.6%27.4%4.6%42.3%4.6%6.4%-44.1M-13.82B-82.8M1.022.19N/AN/A4,209,5104,288,36014,745,66017,622,030
2023-04-21$27.01$25.5040.8%11.1%27.3%2.3%39.5%4.7%5.9%-186.7M-13.86B-81.8M1.271.58N/AN/A3,515,2004,479,27015,027,84018,111,490
2023-04-24$27.03$25.5044.0%11.2%26.8%10.0%40.4%6.1%-1.1%38.6M-11.33B-81.6M1.091.65N/AN/A2,073,6102,262,70012,355,42014,374,740
2023-04-25$26.34$26.0047.7%12.4%28.2%18.9%43.8%6.2%-1.4%-63.9M-8.93B-83.4M1.211.83N/AN/A2,448,3302,958,71012,722,44014,868,100
2023-04-26$26.92$26.0048.1%12.0%29.0%19.9%43.7%5.8%-0.4%63.8M-11.24B-84.5M1.321.73N/AN/A2,702,2303,568,99013,081,77015,271,710
2023-04-27$27.18$26.0047.5%11.5%27.4%18.4%40.6%6.1%-1.1%138.1M-12.17B-84.4M0.791.49N/AN/A3,356,1102,652,42013,369,29015,397,220
2023-04-28$27.66$26.0045.4%10.5%27.7%13.5%38.2%5.8%-1.4%333.7M-14.61B-83.9M1.051.61N/AN/A3,372,1003,555,90013,658,64015,582,170