CVNA Options History — February 2018

In February 2018, CVNA traded between $0.70 and $0.87. ATM implied volatility averaged 84.1%, placing in the 18.1% IV rank vs the trailing year. The 30-day expected move averaged 25.0%. IV traded above realized volatility by 34.8% (HV 20d: 49.3%). Max pain ranged from $0.80 to $1.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 1.35.

Notable Days

  • 2018-02-23: Highest Volume — 212,400 contracts
  • 2018-02-05: Largest IV spike — 19.9% change
  • 2018-02-28: Highest IV Rank — 28.6%
  • 2018-02-28: Largest Expected Move — 28.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.80$0.70$0.87$0.74$0.80
Max Pain$0.91$0.80$1.00$0.88$1.00
ATM IV84.1%66.0%98.2%67.8%98.2%
Expected Move25.0%22.9%28.2%22.9%28.2%
HV 20d49.3%38.1%56.3%40.6%56.3%
HV 60d61.7%59.4%70.4%70.4%60.7%
IV Rank18.1%4.9%28.6%6.2%28.6%
IV Percentile52.4%13.5%70.6%14.2%70.6%
Term Structure-10.3%-25.4%-1.9%-3.4%-25.4%
VWIV78.9%64.4%93.9%68.4%64.4%
Skew 25d8.0%1.8%13.6%4.5%10.5%
Skew 10d16.8%3.6%51.7%3.6%26.3%
Call IV 25d84.2%76.5%95.2%79.6%95.2%
Put IV 25d92.2%84.1%105.7%84.1%105.7%
Bid-Ask Spread %45.9132.2464.8844.3347.37
Gamma HHI0.210.150.580.150.19
Net GEX2.4K-99.7K235.8K-84.5K91.2K
Net DEX1.3M-3.5M5.4M4.2M1.9M
Net VEX-23.4K-39.1K-16.8K-21.6K-34.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.350.603.361.813.36
Total Volume88,519.73753,850212,40055,800119,675
Total OI335,650176,300397,600365,525383,950

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-02-01$0.74$0.8867.8%22.9%40.6%6.2%68.4%4.5%-3.4%-84.5K4.2M-21.6K1.8144.3319,85035,950163,275202,250
2018-02-02$0.73$0.8866.0%23.3%39.6%4.9%73.1%8.6%-1.9%-88.9K4.7M-20.8K1.3935.6624,27533,650163,800201,125
2018-02-05$0.70$0.8879.2%26.9%38.1%14.6%79.0%5.7%-8.6%-91.8K5.4M-19.4K1.7864.8824,62543,950163,550201,000
2018-02-06$0.74$0.8875.4%25.8%41.1%11.8%84.3%1.8%-8.8%-73.5K4.1M-19.5K1.2752.6024,45030,975163,775193,625
2018-02-07$0.74$0.8484.4%24.2%41.0%18.4%69.7%9.4%-3.3%-89.0K4.3M-18.8K1.2932.2423,52530,325164,350194,225
2018-02-08$0.71$0.8489.3%25.6%40.2%22.0%70.5%7.6%-5.1%-85.4K5.1M-18.0K1.1139.7331,12534,625164,725193,925
2018-02-09$0.72$1.0089.2%25.6%41.2%21.9%84.3%13.6%-4.7%-99.7K5.2M-16.8K1.1054.1432,15035,400169,025197,500
2018-02-12$0.78$1.0083.5%23.9%51.2%17.8%70.9%9.0%-6.1%-73.4K2.6M-17.6K1.0145.2332,25032,725171,050197,600
2018-02-13$0.82$1.0082.4%23.6%53.5%16.9%71.9%11.0%-3.9%-84.7K646.8K-16.9K0.7344.2047,20034,600172,075198,125
2018-02-14$0.84$0.8882.9%23.8%54.0%17.3%67.4%10.3%-9.6%30.0K-1.0M-18.2K1.0839.0033,60036,450183,725199,050
2018-02-15$0.87$0.8881.2%23.3%55.5%16.1%81.6%5.9%-7.5%235.8K-3.5M-18.2K0.9447.9051,97548,700181,500200,125
2018-02-16$0.86$0.8881.7%23.4%55.0%16.4%82.5%3.9%-4.8%35.6K-923.2K-21.5K0.9445.6650,80047,900187,725209,875
2018-02-20$0.86$0.8884.7%24.3%54.3%18.6%88.0%3.6%-8.7%39.0K-1.5M-24.6K0.8941.7133,85030,05099,60076,700
2018-02-21$0.83$0.8889.0%25.5%55.4%21.8%92.5%7.1%-17.6%37.6K-818.9K-25.7K0.6037.1852,85031,750107,70082,475
2018-02-22$0.84$0.8087.6%25.1%55.5%20.8%90.6%9.8%-14.9%76.4K-2.2M-28.0K0.6041.7852,95031,975134,97585,025
2018-02-23$0.86$0.8087.0%24.9%55.3%20.3%83.2%10.1%-17.3%79.8K-2.6M-28.6K0.7852.30119,20093,200134,67586,400
2018-02-26$0.87$1.0094.0%26.9%54.4%25.4%93.9%9.6%-22.4%93.1K-902.7K-39.1K1.7351.1856,27597,425211,050155,475
2018-02-27$0.83$1.0093.5%26.8%54.4%25.1%82.9%10.6%-22.6%97.4K895.7K-36.7K3.3055.1628,25093,350224,350157,975
2018-02-28$0.80$1.0098.2%28.2%56.3%28.6%64.4%10.5%-25.4%91.2K1.9M-34.5K3.3647.3727,45092,225225,250158,700