CVNA Options History — April 2018

In April 2018, CVNA traded between $0.90 and $1.21. ATM implied volatility averaged 70.2%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 21.0%. IV traded above realized volatility by 0.8% (HV 20d: 69.5%). Max pain ranged from $0.76 to $1.08. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.30.

Notable Days

  • 2018-04-17: Highest Volume — 292,075 contracts
  • 2018-04-11: Largest IV spike — 26.6% change
  • 2018-04-25: Highest IV Rank — 21.9%
  • 2018-04-25: Largest Expected Move — 24.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.04$0.90$1.21$0.91$1.05
Max Pain$0.93$0.76$1.08$0.76$1.08
ATM IV70.2%52.3%83.6%56.9%76.9%
Expected Move21.0%16.3%24.0%16.3%22.0%
HV 20d69.5%46.9%85.8%68.0%85.8%
HV 60d62.8%55.5%70.7%56.2%70.7%
IV Rank12.5%0.0%21.9%2.7%17.2%
IV Percentile28.6%0.0%59.7%1.4%40.2%
Term Structure-7.4%-16.7%13.6%12.7%-13.5%
VWIV71.8%55.2%80.1%59.0%73.5%
Skew 25d6.7%1.8%11.9%8.2%4.7%
Skew 10d12.8%-10.5%23.0%13.6%-10.5%
Call IV 25d70.5%52.6%80.2%55.0%76.0%
Put IV 25d77.1%60.1%87.5%63.2%80.7%
Bid-Ask Spread %33.5115.7363.8126.8650.22
Gamma HHI0.170.120.240.180.12
Net GEX182.0K22.3K387.0K135.6K229.8K
Net DEX-15.7M-35.2M-5.1M-10.2M-5.1M
Net VEX-68.9K-101.7K-42.8K-48.9K-93.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.300.273.601.232.43
Total Volume131,884.52454,375292,07555,500260,000
Total OI676,628.571508,500967,175508,500893,425

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-04-02$0.91$0.7656.9%16.3%68.0%2.7%59.0%8.2%12.7%135.6K-10.2M-48.9K1.2326.8624,90030,600282,800225,700
2018-04-03$0.91$0.7657.9%16.6%68.1%3.4%57.0%5.2%13.6%109.0K-10.2M-49.3K1.2725.2745,40057,450282,150227,025
2018-04-04$0.90$0.7658.1%16.7%68.2%3.6%55.2%8.5%11.8%103.3K-8.9M-51.2K1.1321.4745,47551,250292,250240,050
2018-04-05$0.93$0.9254.5%19.8%62.5%1.0%72.4%5.6%-4.1%104.5K-12.0M-50.4K0.9653.2360,17557,700292,275240,425
2018-04-06$0.91$0.9252.3%19.4%62.2%0.0%74.0%11.9%-2.3%129.9K-10.6M-54.8K1.8245.9230,72555,975329,925269,500
2018-04-09$0.96$0.9257.9%22.0%61.1%3.9%75.0%6.5%-9.7%160.1K-14.9M-55.9K1.8263.8129,95054,550330,700269,925
2018-04-10$0.96$0.9257.2%20.0%61.1%3.4%69.0%10.1%-6.3%85.5K-14.6M-52.9K1.3329.1627,02535,950326,450288,150
2018-04-11$0.90$0.9272.4%20.7%67.4%14.0%68.6%8.2%-8.4%25.2K-8.5M-53.8K1.0945.3426,05028,325328,225294,125
2018-04-12$0.93$0.9269.0%19.8%53.2%11.7%68.3%7.0%-5.9%68.3K-10.4M-52.5K1.4129.1331,90044,975316,925294,725
2018-04-13$0.93$0.9269.5%19.9%46.9%12.0%69.3%7.1%-4.9%22.3K-11.1M-50.4K1.0629.9928,02529,625317,075288,575
2018-04-16$1.06$0.9271.2%20.4%61.0%13.2%70.3%7.6%-9.5%230.6K-22.1M-46.2K0.6824.5750,37534,025317,500289,100
2018-04-17$1.21$0.9280.2%23.0%73.2%19.5%78.2%7.5%-16.7%148.7K-31.8M-42.8K0.2728.93229,10062,975328,950300,775
2018-04-18$1.18$0.9279.7%22.9%73.9%19.2%78.1%4.3%-14.5%387.0K-35.2M-80.2K0.8120.40137,675111,425460,525324,500
2018-04-19$1.19$1.0078.6%22.5%74.0%18.4%79.9%7.6%-13.7%373.8K-30.7M-97.4K0.9647.16103,10099,425513,175406,500
2018-04-20$1.17$1.0079.5%22.8%74.8%19.0%79.5%5.8%-15.0%249.1K-27.2M-101.7K0.5030.66101,22550,125539,350427,825
2018-04-23$1.20$1.0081.6%23.4%74.7%20.5%77.6%5.8%-15.6%270.1K-18.9M-97.4K0.8918.9949,40044,100427,075274,050
2018-04-24$1.12$1.0083.0%23.8%78.1%21.5%78.1%5.5%-14.4%253.5K-12.4M-93.3K1.1325.8855,05062,325428,950276,825
2018-04-25$1.17$1.0083.6%24.0%78.7%21.9%69.3%7.8%-13.6%267.8K-15.2M-93.8K1.0344.5158,62560,325430,750289,875
2018-04-26$1.10$1.0478.7%22.6%83.2%18.5%80.1%1.8%-12.4%249.0K-9.0M-89.5K3.6015.7335,275127,075436,025298,950
2018-04-27$1.10$1.0076.7%22.0%83.2%17.1%76.1%3.5%-12.6%219.6K-9.9M-90.7K1.8826.5383,875158,050441,225366,875
2018-04-30$1.05$1.0876.9%22.0%85.8%17.2%73.5%4.7%-13.5%229.8K-5.1M-93.2K2.4350.2275,875184,125494,200399,225