CVNA Options History — May 2018

In May 2018, CVNA traded between $1.00 and $1.16. ATM implied volatility averaged 59.3%, placing in the 6.0% IV rank vs the trailing year. The 30-day expected move averaged 16.1%. IV traded below realized volatility by 7.0% (HV 20d: 66.2%). Max pain ranged from $1.04 to $1.12. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 1.86.

Notable Days

  • 2018-05-10: Highest Volume — 220,075 contracts
  • 2018-05-09: Largest IV drop — 26.0% change
  • 2018-05-08: Highest IV Rank — 23.1%
  • 2018-05-02: Largest Expected Move — 21.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.06$1.00$1.16$1.07$1.16
Max Pain$1.10$1.04$1.12$1.08$1.08
ATM IV59.3%48.4%85.4%74.3%50.0%
Expected Move16.1%13.9%21.4%21.3%14.3%
HV 20d66.2%43.8%86.1%86.1%52.6%
HV 60d68.9%67.2%70.7%70.7%69.2%
IV Rank6.0%0.0%23.1%15.4%1.1%
IV Percentile13.5%0.0%63.4%33.9%0.4%
Term Structure-0.5%-12.6%6.6%-12.6%0.3%
VWIV55.8%49.1%72.6%72.6%52.1%
Skew 25d3.9%1.8%7.6%3.3%3.8%
Skew 10d6.7%1.9%23.6%1.9%2.2%
Call IV 25d54.5%46.9%74.1%74.1%46.9%
Put IV 25d58.4%50.7%77.4%77.4%50.7%
Bid-Ask Spread %25.7213.5162.8519.3420.08
Gamma HHI0.160.120.250.120.20
Net GEX185.3K44.1K306.6K254.9K302.6K
Net DEX-5.6M-13.4M2.9M-7.6M-13.4M
Net VEX-84.8K-97.1K-73.8K-97.1K-92.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.860.723.483.480.72
Total Volume131,234.09162,525220,075176,000111,875
Total OI839,613.636436,6751,125,100988,525511,200

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-05-01$1.07$1.0874.3%21.3%86.1%15.4%72.6%3.3%-12.6%254.9K-7.6M-97.1K3.4819.3439,275136,725536,025452,500
2018-05-02$1.06$1.0874.8%21.4%86.1%15.8%66.5%2.5%-11.0%237.4K-5.7M-96.7K2.5622.4930,50078,125542,350456,825
2018-05-03$1.05$1.1275.1%17.8%85.6%15.9%60.6%5.2%-1.2%229.3K-4.0M-92.9K2.1015.7539,37582,525544,150459,375
2018-05-04$1.02$1.1275.0%17.6%86.1%15.9%62.2%4.2%-2.0%183.1K-279.7K-89.6K2.4019.2233,62580,725548,125462,850
2018-05-07$1.01$1.1283.7%18.2%84.7%22.0%61.9%4.8%-2.0%168.6K781.1K-87.0K2.0219.0844,97590,950552,975469,475
2018-05-08$1.00$1.1285.4%18.3%84.9%23.1%62.6%5.5%-3.2%145.8K2.1M-85.8K2.7415.8033,35091,325563,025478,150
2018-05-09$1.00$1.0863.2%18.1%80.9%7.6%64.7%3.6%-1.1%129.8K2.9M-84.8K1.4924.0786,500128,500568,300481,375
2018-05-10$1.07$1.0453.3%15.3%83.9%0.7%54.0%1.8%3.1%196.2K-7.0M-84.8K2.2523.7267,625152,450564,250523,025
2018-05-11$1.11$1.0852.3%15.0%84.3%0.0%52.1%7.6%4.1%306.6K-11.7M-79.6K1.8124.0352,55095,325562,925518,225
2018-05-14$1.09$1.1251.5%14.8%73.0%0.0%51.7%4.2%6.6%244.8K-8.5M-79.9K1.6217.4360,65098,200553,750522,300
2018-05-15$1.05$1.1253.9%15.5%55.1%1.7%54.8%5.0%3.7%47.8K-2.8M-76.4K1.3443.1382,900110,775568,500518,825
2018-05-16$1.07$1.1252.2%15.0%55.7%0.5%53.0%3.3%3.8%149.6K-6.2M-75.8K2.3839.6439,27593,425559,775507,125
2018-05-17$1.08$1.1251.5%14.8%55.8%0.0%52.2%4.3%5.0%44.1K-7.5M-73.8K2.7036.1834,30092,775558,075512,575
2018-05-18$1.07$1.1250.2%14.4%55.6%0.0%50.4%2.8%5.4%161.0K-4.6M-80.0K3.2034.1649,725159,350558,425566,675
2018-05-21$1.06$1.1248.4%13.9%54.5%0.0%49.1%3.3%-0.6%161.7K-6.6M-80.8K1.7815.2745,00080,300242,700193,975
2018-05-22$1.08$1.0853.0%15.2%50.6%3.1%50.1%3.4%-4.5%195.7K-8.1M-83.2K0.8545.5438,75033,025251,100195,500
2018-05-23$1.05$1.0850.1%14.4%48.6%1.1%49.8%2.7%-1.1%175.7K-6.5M-82.4K0.9416.2932,22530,300254,900198,375
2018-05-24$1.04$1.0850.1%14.4%43.8%1.1%50.7%3.0%0.4%163.0K-5.7M-81.3K0.8821.6242,35037,200255,600198,300
2018-05-25$1.00$1.0850.6%14.5%45.0%1.5%50.0%3.0%-0.7%110.0K-3.6M-80.9K1.2616.5634,30043,250262,175208,300
2018-05-29$1.09$1.0853.2%15.3%51.8%3.3%54.6%2.8%-1.7%213.6K-8.6M-89.1K1.1662.8539,62546,050264,475223,700
2018-05-30$1.13$1.0852.0%14.9%52.4%2.4%51.8%5.5%-2.8%255.8K-11.1M-90.9K1.1413.5140,77546,325269,075232,175
2018-05-31$1.16$1.0850.0%14.3%52.6%1.1%52.1%3.8%0.3%302.6K-13.4M-92.4K0.7220.0865,22546,650278,025233,175