NVDA Options History — May 2023

In May 2023, NVDA traded between $27.59 and $40.06. ATM implied volatility averaged 47.7%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded above realized volatility by 3.9% (HV 20d: 43.8%). Max pain ranged from $22.00 to $27.50. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.77.

Notable Days

  • 2023-05-25: Highest Volume — 26,403,740 contracts
  • 2023-05-26: Largest IV drop — 6.8% change
  • 2023-05-30: Highest IV Rank — 31.9%
  • 2023-05-24: Largest Expected Move — 14.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.09$27.59$40.06$28.92$38.47
Max Pain$23.89$22.00$27.50$26.00$27.50
ATM IV47.7%45.7%49.6%47.3%46.5%
Expected Move13.5%11.5%14.7%11.5%13.9%
HV 20d43.8%31.7%86.1%31.7%86.1%
HV 60d44.2%32.7%56.4%45.5%56.4%
IV Rank21.0%16.5%31.9%18.1%23.9%
IV Percentile12.1%7.5%21.4%8.7%9.1%
Term Structure-1.0%-2.1%0.2%-0.8%-1.2%
VWIV48.3%41.3%54.6%41.3%50.3%
Skew 25d3.2%-3.5%5.9%4.8%-2.2%
Skew 10d5.5%-8.5%10.4%9.1%-5.7%
Call IV 25d46.6%44.7%52.1%45.0%49.0%
Put IV 25d49.8%45.7%52.7%49.8%46.8%
Bid-Ask Spread %1.921.364.191.842.61
Gamma HHI0.070.030.240.040.03
Net GEX301.0M-155.5M719.1M283.6M158.1M
Net DEX-22.64B-46.86B-12.21B-17.73B-34.39B
Net VEX-91.5M-112.4M-84.5M-84.5M-112.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.600.940.770.83
Total Volume9,216,148.1823,165,81026,403,74010,000,41012,934,480
Total OI31,672,231.81827,500,61037,848,41027,500,61036,740,220

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$28.92$26.0047.3%11.5%31.7%18.1%41.3%4.8%-0.8%283.6M-17.73B-84.5M0.771.84N/AN/A5,641,1204,359,29012,914,17014,586,440
2023-05-02$28.13$26.0048.0%11.5%33.2%19.8%41.3%5.9%-0.7%156.0M-14.45B-87.7M0.911.91N/AN/A3,244,2402,946,64013,730,26015,603,990
2023-05-03$27.91$26.0048.2%11.7%32.4%20.1%41.3%5.6%-0.8%132.8M-13.63B-87.6M0.821.96N/AN/A3,566,7102,942,43013,988,15015,751,790
2023-05-04$27.59$22.0049.6%14.0%31.8%23.5%49.4%5.6%-0.7%20.5M-12.21B-88.1M0.871.78N/AN/A3,297,4202,862,23014,370,26016,042,190
2023-05-05$28.66$22.0047.1%13.2%34.3%17.7%47.0%4.9%-1.7%495.3M-17.89B-86.3M0.681.77N/AN/A5,875,6203,974,05014,750,48016,252,440
2023-05-08$29.19$22.0049.1%13.8%34.3%22.3%48.8%5.1%-0.6%345.0M-18.21B-87.2M0.731.73N/AN/A4,001,9302,925,37013,757,65015,271,820
2023-05-09$28.59$22.2548.4%13.7%35.0%20.8%48.3%4.9%-0.4%249.5M-15.82B-89.1M0.851.92N/AN/A2,500,4702,117,43014,597,85016,164,800
2023-05-10$29.00$22.2547.7%13.6%33.7%19.1%48.4%4.9%-0.4%430.0M-17.86B-89.2M0.811.55N/AN/A3,727,5303,001,06014,831,64016,402,960
2023-05-11$28.55$22.5048.5%13.8%34.4%20.9%48.8%4.6%-0.6%206.7M-15.55B-89.7M0.751.59N/AN/A3,671,9902,747,80015,111,14016,870,010
2023-05-12$28.29$22.5047.5%13.5%34.7%18.5%47.9%4.8%-0.5%-155.5M-14.35B-89.0M0.731.55N/AN/A3,745,9102,741,63015,288,63017,194,820
2023-05-15$28.88$22.5047.6%13.6%35.3%18.8%48.2%5.0%-1.5%309.9M-17.04B-87.1M0.691.36N/AN/A2,776,8901,921,68014,198,54015,946,590
2023-05-16$29.31$23.0047.6%13.6%34.5%21.7%48.4%4.5%-1.8%400.7M-19.17B-88.4M0.791.49N/AN/A4,812,1003,782,83014,670,38016,337,220
2023-05-17$30.11$23.0046.9%13.4%35.4%19.8%47.8%4.1%-2.0%466.3M-22.59B-88.6M0.731.71N/AN/A4,641,8803,392,71015,109,28017,054,300
2023-05-18$31.63$23.2547.4%13.7%36.0%21.4%48.9%4.1%-2.0%519.8M-28.65B-89.5M0.671.84N/AN/A10,350,6806,883,55015,464,36017,465,640
2023-05-19$31.31$24.0045.7%13.3%36.4%16.5%47.4%3.6%-2.1%251.5M-26.42B-92.6M0.731.55N/AN/A6,657,5004,828,82016,442,44018,598,460
2023-05-22$31.16$24.0046.3%13.8%36.6%18.6%49.3%3.0%-0.6%269.8M-20.46B-93.4M0.901.77N/AN/A1,788,0901,609,56013,964,66015,049,460
2023-05-23$30.82$24.2546.9%14.1%35.2%20.2%50.4%3.4%-1.0%244.1M-19.27B-94.9M0.941.68N/AN/A1,632,3801,533,43014,434,89015,572,060
2023-05-24$30.39$24.5048.6%14.7%35.6%25.2%52.3%3.4%-1.1%195.6M-17.54B-96.0M0.891.90N/AN/A2,464,5502,198,55014,881,77016,161,410
2023-05-25$38.07$25.0049.0%14.6%85.6%26.4%53.9%-2.3%-0.5%481.2M-46.86B-89.8M0.672.03N/AN/A15,798,88010,604,86016,451,28017,376,020
2023-05-26$38.94$25.0045.7%13.4%85.6%17.3%48.6%-2.8%0.2%719.1M-45.95B-98.6M0.604.19N/AN/A10,741,1306,403,09018,002,86019,845,550
2023-05-30$40.06$26.0048.7%14.7%85.1%31.9%54.6%-3.5%-1.1%441.4M-41.98B-103.8M0.642.49N/AN/A9,216,5605,890,19016,013,98017,526,240
2023-05-31$38.47$27.5046.5%13.9%86.1%23.9%50.3%-2.2%-1.2%158.1M-34.39B-112.4M0.832.61N/AN/A7,086,5705,847,91017,633,33019,106,890