CVNA Options History — March 2018

In March 2018, CVNA traded between $0.68 and $0.92. ATM implied volatility averaged 69.8%, placing in the 8.6% IV rank vs the trailing year. The 30-day expected move averaged 18.7%. IV traded above realized volatility by 3.5% (HV 20d: 66.3%). Max pain ranged from $0.72 to $1.08. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 2.09.

Notable Days

  • 2018-03-06: Highest Volume — 201,675 contracts
  • 2018-03-07: Largest IV drop — 37.1% change
  • 2018-03-06: Highest IV Rank — 42.2%
  • 2018-03-01: Largest Expected Move — 29.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.80$0.68$0.92$0.77$0.92
Max Pain$0.79$0.72$1.08$1.00$0.76
ATM IV69.8%53.0%116.8%101.3%53.0%
Expected Move18.7%15.2%29.0%29.0%15.2%
HV 20d66.3%54.8%75.1%58.5%68.8%
HV 60d55.3%51.6%58.4%58.4%56.1%
IV Rank8.6%0.0%42.2%30.8%0.0%
IV Percentile19.7%0.0%91.6%75.5%0.0%
Term Structure6.7%-24.2%17.2%-24.2%14.1%
VWIV63.0%51.7%86.9%70.8%51.7%
Skew 25d7.0%0.3%12.2%8.9%5.9%
Skew 10d17.8%2.1%50.8%21.3%9.5%
Call IV 25d62.4%50.0%98.3%96.4%50.0%
Put IV 25d69.4%55.9%105.3%105.3%55.9%
Bid-Ask Spread %51.5618.1174.6344.8229.55
Gamma HHI0.190.170.270.190.18
Net GEX105.3K-74.0K359.5K79.4K127.1K
Net DEX-1.1M-11.1M8.1M3.3M-11.1M
Net VEX-37.3K-51.3K-24.6K-31.3K-51.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.090.384.523.301.11
Total Volume123,102.38147,350201,675116,97556,575
Total OI478,991.667373,525626,975386,225505,800

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-03-01$0.77$1.00101.3%29.0%58.5%30.8%70.8%8.9%-24.2%79.4K3.3M-31.3K3.3044.8227,22589,750225,825160,400
2018-03-02$0.75$1.00100.8%28.9%58.2%30.5%80.6%5.3%-22.9%73.0K4.0M-29.3K3.3841.8827,10091,700226,300160,525
2018-03-05$0.75$1.08110.3%22.4%58.0%37.5%78.1%0.3%-0.7%71.9K4.4M-27.0K0.9453.10102,15095,775227,025161,800
2018-03-06$0.74$0.76116.8%22.8%56.2%42.2%86.9%11.2%0.9%118.7K2.5M-32.3K3.2046.2748,000153,675277,175166,400
2018-03-07$0.70$0.7673.4%19.5%59.1%10.3%68.6%5.7%5.7%-2.8K6.6M-27.7K4.5256.9624,025108,500290,525226,700
2018-03-08$0.68$0.7660.9%17.2%59.4%1.1%60.0%12.2%10.9%-74.0K8.1M-24.6K1.7853.3571,600127,675291,850235,675
2018-03-09$0.72$0.7260.0%17.3%61.7%0.4%62.2%9.6%11.7%8.1K5.9M-34.3K3.2574.6339,550128,425323,500266,850
2018-03-12$0.74$0.7269.2%17.6%61.9%7.2%60.5%7.2%11.3%75.0K4.3M-33.7K2.6164.1036,55095,475328,625261,800
2018-03-13$0.75$0.7270.0%17.1%54.8%7.9%62.8%8.3%11.9%120.2K3.6M-34.1K2.9049.9134,37599,675328,750264,450
2018-03-14$0.85$0.7263.3%18.1%69.2%2.9%60.5%9.1%6.3%295.0K-3.2M-37.6K1.4165.1173,150102,925330,650268,650
2018-03-15$0.80$0.7261.3%17.6%72.4%1.4%58.2%1.6%10.6%359.5K-84.7K-38.4K1.5160.6167,375101,675354,750272,225
2018-03-16$0.84$0.7257.8%16.6%72.8%0.0%59.3%8.1%12.6%130.8K-2.5M-39.6K3.0266.7241,275124,750349,600273,275
2018-03-19$0.82$0.7661.8%17.7%73.1%2.9%59.5%5.4%9.4%89.0K-3.6M-40.3K1.7466.6230,42552,850205,925167,600
2018-03-20$0.81$0.7661.4%17.6%73.1%2.6%60.2%10.8%12.2%88.6K-3.0M-39.8K1.9143.9926,37550,500208,300171,350
2018-03-21$0.84$0.7658.1%16.6%72.7%0.2%60.1%7.4%10.1%97.4K-4.5M-39.7K1.1166.4422,45024,900209,200171,950
2018-03-22$0.84$0.7658.7%16.8%72.5%0.7%58.9%7.2%12.4%101.2K-4.9M-41.1K1.1661.8222,70026,225214,125174,575
2018-03-23$0.84$0.7658.0%16.6%72.1%0.2%57.6%4.4%12.6%101.8K-5.1M-40.7K1.7350.0223,32540,375214,550177,650
2018-03-26$0.89$0.7655.9%16.0%75.1%0.0%54.6%5.4%17.2%67.0K-7.7M-41.5K0.3828.4171,25027,200216,025191,725
2018-03-27$0.89$0.7659.9%17.2%72.6%2.8%57.8%5.2%6.3%154.4K-9.6M-46.9K1.4740.2940,45059,625266,475192,100
2018-03-28$0.90$0.7654.7%15.7%71.1%0.0%53.8%7.3%11.5%129.6K-9.8M-51.2K1.4418.1140,00057,550275,950222,200
2018-03-29$0.92$0.7653.0%15.2%68.8%0.0%51.7%5.9%14.1%127.1K-11.1M-51.3K1.1129.5526,85029,725281,675224,125