CVNA Options History — August 2017

In August 2017, CVNA traded between $0.57 and $0.77. ATM implied volatility averaged 103.6%. The 30-day expected move averaged 26.9%. IV traded above realized volatility by 40.5% (HV 20d: 63.1%). Max pain ranged from $0.60 to $0.80. Net GEX was positive for 9 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 1.16.

Notable Days

  • 2017-08-09: Highest Volume — 255,400 contracts
  • 2017-08-09: Largest IV drop — 55.9% change
  • 2017-08-02: Largest Expected Move — 38.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.66$0.57$0.77$0.76$0.71
Max Pain$0.69$0.60$0.80$0.80$0.70
ATM IV103.6%79.3%195.4%130.2%81.9%
Expected Move26.9%22.7%38.7%37.3%23.5%
HV 20d63.1%54.1%81.6%68.7%74.8%
HV 60d98.6%80.6%103.3%103.3%80.6%
Term Structure-0.8%-36.5%16.6%-27.4%5.9%
VWIV94.6%79.4%140.3%140.3%82.1%
Skew 25d4.4%-30.4%11.6%4.0%-1.2%
Skew 10d9.0%-3.7%26.7%18.7%1.0%
Call IV 25d96.0%77.2%138.6%138.1%88.8%
Put IV 25d100.4%84.7%145.0%142.1%87.6%
Bid-Ask Spread %38.4427.0348.4627.0344.40
Gamma HHI0.300.200.420.270.20
Net GEX21.8K-90.5K246.8K103.3K74.9K
Net DEX1.8M-8.1M7.4M-3.7M-2.9M
Net VEX-44.1K-59.4K-32.3K-32.3K-59.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.154.104.101.85
Total Volume116,368.47827,900255,40090,950101,075
Total OI615,297.826368,975802,825368,975688,225

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-08-01$0.76$0.80130.2%37.3%68.7%0.0%140.3%4.0%-27.4%103.3K-3.7M-32.3K4.1027.0317,82573,125226,525142,450
2017-08-02$0.77$0.80135.0%38.7%56.1%0.0%135.9%9.1%-36.5%91.6K-3.2M-35.0K1.1141.0523,90026,525228,900186,225
2017-08-03$0.70$0.80159.5%32.8%61.4%0.0%111.9%6.2%-10.4%56.0K-1.4M-36.8K0.2433.70104,67525,350238,400202,875
2017-08-04$0.72$0.70157.1%33.2%59.7%0.0%115.1%4.3%-4.1%117.0K-2.3M-40.4K0.2337.84173,22540,025319,250212,300
2017-08-07$0.74$0.70177.5%33.6%57.4%0.0%118.1%6.8%-14.9%201.5K-6.9M-46.5K0.3331.2389,62529,800397,300219,300
2017-08-08$0.75$0.70195.4%33.5%57.1%0.0%121.5%11.6%-14.4%224.3K-8.1M-50.8K0.2836.78160,50044,675421,175229,850
2017-08-09$0.71$0.7086.2%24.7%55.0%0.0%85.0%8.6%6.3%246.8K-1.4M-44.0K0.9046.78134,200121,200430,600254,275
2017-08-10$0.69$0.7081.4%23.3%54.1%0.0%85.4%6.9%12.9%53.9K2.7M-50.7K0.7148.4642,47530,050411,825344,975
2017-08-11$0.66$0.7079.3%22.7%54.6%0.0%80.5%7.4%12.0%-22.1K4.3M-47.4K2.5532.6914,92538,000410,925348,200
2017-08-14$0.61$0.7082.2%23.6%58.9%0.0%84.5%9.1%16.6%-81.6K7.0M-43.9K2.8831.3121,20061,125411,125364,275
2017-08-15$0.59$0.7085.8%24.6%59.1%0.0%83.9%8.1%9.3%-90.5K7.4M-43.2K0.1930.99180,80034,150415,250369,775
2017-08-16$0.61$0.6079.8%22.9%58.8%0.0%84.9%4.3%11.3%-76.3K6.1M-46.4K0.4347.94171,55074,600435,275367,550
2017-08-17$0.61$0.6079.7%22.8%58.9%0.0%80.9%10.2%10.2%-45.9K5.5M-43.1K0.1533.37152,95023,550445,800332,875
2017-08-18$0.57$0.6083.0%23.8%60.1%0.0%83.4%2.9%7.8%-39.1K6.5M-39.3K2.0330.7619,25039,025447,700329,350
2017-08-21$0.58$0.6086.7%24.9%59.7%0.0%86.1%7.7%-2.6%-52.9K5.0M-38.8K1.0637.3113,52514,375206,250282,475
2017-08-22$0.61$0.6082.1%23.5%65.8%0.0%79.4%6.6%2.3%-35.7K3.6M-41.7K1.6340.7114,97524,475208,650281,800
2017-08-23$0.65$0.7090.9%26.1%68.9%0.0%87.6%8.6%-7.5%-29.6K2.6M-45.5K1.9140.8324,55046,775211,950293,375
2017-08-24$0.64$0.7089.3%25.6%68.9%0.0%84.6%3.5%-3.7%-41.1K3.4M-45.9K0.8839.4141,85037,025218,250307,275
2017-08-25$0.60$0.7082.6%23.7%70.2%0.0%84.3%4.0%1.5%-49.3K5.3M-44.4K0.7343.6347,87535,075236,650326,750
2017-08-28$0.62$0.7085.6%24.5%70.2%0.0%87.3%-30.4%10.6%-46.3K5.1M-44.3K0.5944.8452,60031,000242,725334,025
2017-08-29$0.63$0.7084.7%24.3%70.8%0.0%87.6%2.3%0.1%-49.2K4.9M-44.8K1.5247.3618,30027,800247,025337,350
2017-08-30$0.70$0.7086.2%24.7%81.6%0.0%85.9%0.7%-3.0%-8.8K1.4M-49.1K0.3435.74132,05044,850247,675337,075
2017-08-31$0.71$0.7081.9%23.5%74.8%0.0%82.1%-1.2%5.9%74.9K-2.9M-59.4K1.8544.4035,42565,650336,275351,950