CVNA Options History — January 2018

In January 2018, CVNA traded between $0.73 and $0.84. ATM implied volatility averaged 71.2%, placing in the 8.7% IV rank vs the trailing year. The 30-day expected move averaged 21.3%. IV traded above realized volatility by 21.6% (HV 20d: 49.6%). Max pain ranged from $0.80 to $0.90. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.13.

Notable Days

  • 2018-01-19: Highest Volume — 136,725 contracts
  • 2018-01-10: Largest IV spike — 22.1% change
  • 2018-01-18: Highest IV Rank — 16.3%
  • 2018-01-18: Largest Expected Move — 23.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.80$0.73$0.84$0.73$0.76
Max Pain$0.86$0.80$0.90$0.80$0.90
ATM IV71.2%61.4%81.6%64.3%72.0%
Expected Move21.3%17.8%23.4%18.4%20.7%
HV 20d49.6%39.0%75.2%75.2%39.0%
HV 60d73.6%70.1%75.5%75.5%70.1%
IV Rank8.7%1.5%16.3%3.6%9.3%
IV Percentile21.7%3.3%44.7%8.1%23.2%
Term Structure4.6%-3.5%15.4%15.4%7.1%
VWIV71.7%61.5%77.8%63.7%70.8%
Skew 25d6.1%-4.1%17.2%8.3%17.2%
Skew 10d7.7%-2.4%23.1%9.1%8.9%
Call IV 25d72.4%61.5%82.5%61.8%67.9%
Put IV 25d78.5%66.5%87.3%70.2%85.1%
Bid-Ask Spread %52.7626.4771.5826.4768.41
Gamma HHI0.150.110.180.120.15
Net GEX-7.2K-66.3K58.3K-37.4K-58.2K
Net DEX1.7M-3.6M7.6M6.8M3.1M
Net VEX-27.4K-31.8K-23.1K-28.4K-23.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.130.591.530.781.53
Total Volume80,310.71453,250136,72584,42559,850
Total OI475,867.857328,325591,575505,950363,325

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-01-02$0.73$0.8064.3%18.4%75.2%3.6%63.7%8.3%15.4%-37.4K6.8M-28.4K0.7826.4747,52536,900241,975263,975
2018-01-03$0.73$0.8062.0%17.8%57.8%1.9%61.5%5.0%13.6%-37.1K7.6M-29.0K0.5971.5857,57534,050249,425274,875
2018-01-04$0.75$0.8061.5%22.8%58.8%1.5%66.8%3.3%-0.8%-17.8K5.9M-30.8K0.9240.1136,92534,125261,900274,300
2018-01-05$0.78$0.8064.8%21.8%60.9%4.0%63.8%4.5%0.8%-5.5K3.6M-31.6K0.9037.8537,60034,000263,750275,050
2018-01-08$0.80$0.8064.1%23.3%55.7%3.5%76.1%11.0%-2.5%15.9K2.0M-31.7K0.9858.5036,00035,200264,000274,725
2018-01-09$0.81$0.8061.4%22.0%55.2%1.5%76.7%8.3%3.5%28.7K1.3M-31.8K0.9943.3936,32535,925267,000275,350
2018-01-10$0.84$0.8075.0%21.5%55.9%11.5%74.3%4.7%3.6%53.7K-1.9M-29.2K0.8957.5241,05036,475267,900276,225
2018-01-11$0.82$0.8075.4%21.6%55.5%11.8%73.7%6.2%5.2%51.3K-163.3K-29.5K1.1042.8735,57539,175271,300277,375
2018-01-12$0.83$0.8078.2%22.4%54.5%13.9%70.4%3.5%0.9%58.3K-1.4M-28.4K1.3465.7047,02562,950267,675277,575
2018-01-16$0.82$0.9077.6%22.3%50.2%13.4%76.3%10.6%-1.9%49.6K898.6K-28.9K1.3670.9948,05065,525281,425303,450
2018-01-17$0.81$0.9074.7%21.4%45.2%11.3%71.0%-4.1%11.4%13.2K1.2M-27.2K1.3464.4947,87564,175282,725305,250
2018-01-18$0.81$0.9081.6%23.4%45.0%16.3%77.8%7.0%-3.5%-13.9K1.2M-25.8K1.4943.2843,20064,275285,075305,200
2018-01-19$0.83$0.9075.5%21.7%42.0%11.9%75.0%10.5%-0.8%11.0K-3.6M-23.1K1.2756.8560,32576,400287,000304,575
2018-01-22$0.81$0.9071.5%20.5%39.9%8.9%73.0%10.0%3.3%-19.9K561.8K-24.3K1.0831.4640,65043,725148,325180,000
2018-01-23$0.84$0.9070.0%20.1%41.4%7.8%72.3%6.6%9.8%-13.1K-348.0K-26.5K0.9462.4834,70032,700150,475186,900
2018-01-24$0.83$0.9073.8%21.1%41.6%10.6%71.3%2.3%5.7%-22.2K-206.1K-25.9K1.2657.0925,05031,500156,125193,850
2018-01-25$0.81$0.9073.8%21.2%42.2%10.6%69.4%6.2%5.1%-29.8K721.2K-26.7K1.1236.2225,12528,125159,875196,575
2018-01-26$0.79$0.9069.5%19.9%40.8%7.4%73.9%-0.7%10.3%-48.5K1.6M-25.9K1.1657.6424,95028,850159,950197,275
2018-01-29$0.75$0.9074.4%21.3%42.6%11.1%72.3%4.9%6.1%-66.3K3.2M-23.9K1.3062.1525,85033,500162,200197,675
2018-01-30$0.76$0.9074.6%21.4%42.1%11.2%75.4%3.1%4.0%-64.0K3.3M-23.4K1.3852.9524,25033,475162,500199,100
2018-01-31$0.76$0.9072.0%20.7%39.0%9.3%70.8%17.2%7.1%-58.2K3.1M-23.7K1.5368.4123,67536,175163,350199,975