CVNA Options History — June 2018

In June 2018, CVNA traded between $1.12 and $1.74. ATM implied volatility averaged 62.9%, placing in the 10.2% IV rank vs the trailing year. The 30-day expected move averaged 17.5%. IV traded below realized volatility by 3.3% (HV 20d: 66.2%). Max pain ranged from $1.08 to $1.40. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.95.

Notable Days

  • 2018-06-15: Highest Volume — 245,125 contracts
  • 2018-06-13: Largest IV drop — 18.7% change
  • 2018-06-25: Highest IV Rank — 18.7%
  • 2018-06-25: Largest Expected Move — 21.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.52$1.12$1.74$1.12$1.66
Max Pain$1.30$1.08$1.40$1.08$1.40
ATM IV62.9%47.9%75.5%47.9%67.1%
Expected Move17.5%13.7%21.7%13.7%19.2%
HV 20d66.2%54.3%78.6%54.3%71.6%
HV 60d68.7%64.3%71.7%68.0%71.4%
IV Rank10.2%0.0%18.7%0.0%13.0%
IV Percentile22.5%0.0%48.8%0.0%29.0%
Term Structure9.5%0.3%15.5%0.3%14.9%
VWIV62.0%47.4%76.5%47.4%68.9%
Skew 25d4.3%1.1%8.0%3.6%3.5%
Skew 10d8.1%1.2%15.5%5.5%6.6%
Call IV 25d59.7%45.8%74.1%45.8%66.3%
Put IV 25d63.9%49.5%81.0%49.5%69.8%
Bid-Ask Spread %27.5213.0956.7021.1415.73
Gamma HHI0.130.090.190.160.11
Net GEX268.7K84.5K441.8K248.8K441.8K
Net DEX-36.8M-53.5M-9.9M-9.9M-53.5M
Net VEX-135.2K-191.9K-89.9K-90.2K-181.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.431.651.110.94
Total Volume148,610.71491,575245,12591,575118,250
Total OI760,352.381503,975968,075503,975968,075

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-06-01$1.12$1.0847.9%13.7%54.3%0.0%47.4%3.6%0.3%248.8K-9.9M-90.2K1.1121.1443,42548,150268,850235,125
2018-06-04$1.18$1.1249.8%14.1%55.9%1.3%49.8%4.5%7.4%271.8K-14.1M-89.9K1.0722.7448,35051,850273,425239,200
2018-06-05$1.24$1.0851.8%14.4%57.7%2.6%49.7%3.4%8.2%228.5K-18.5M-89.9K0.8027.6873,52558,800277,875245,100
2018-06-06$1.31$1.2054.1%14.8%59.0%4.2%51.6%4.8%7.1%260.9K-23.5M-93.5K0.6216.7579,47549,400303,675258,525
2018-06-07$1.41$1.2054.4%14.5%62.6%4.4%50.5%1.2%6.8%255.7K-31.4M-92.0K1.1025.9270,87577,625322,725260,925
2018-06-08$1.44$1.2456.5%15.1%59.1%5.8%52.8%4.0%8.0%180.7K-32.0M-102.0K0.8914.4687,22577,775333,650295,275
2018-06-11$1.47$1.2463.6%15.2%58.9%10.7%53.9%3.2%6.4%288.4K-35.2M-101.9K1.2118.3856,60068,425363,600307,625
2018-06-12$1.55$1.2466.5%15.4%58.9%12.6%54.4%3.7%8.5%308.3K-41.4M-98.0K1.0222.4794,32595,775368,775309,400
2018-06-13$1.48$1.3254.1%15.5%59.7%4.2%53.8%3.9%9.2%240.0K-33.1M-114.8K1.0513.0973,57577,575388,925359,775
2018-06-14$1.61$1.3261.9%17.7%64.3%9.5%61.9%5.3%5.9%279.4K-45.3M-112.5K1.0331.54110,725114,425395,925359,650
2018-06-15$1.71$1.3264.2%18.4%65.8%11.1%64.2%4.2%8.2%149.4K-53.4M-123.6K1.1722.92112,900132,225430,025418,925
2018-06-18$1.72$1.4064.8%18.6%65.2%11.4%68.4%5.3%10.7%159.0K-42.0M-139.9K1.3256.2870,52592,950388,225380,700
2018-06-19$1.74$1.4068.2%19.5%64.4%13.7%69.0%3.7%3.7%148.1K-43.4M-145.5K1.6523.1750,35082,875397,225398,475
2018-06-20$1.58$1.4068.8%19.7%77.3%14.2%69.9%5.7%11.5%84.5K-29.7M-159.8K0.4453.29119,50052,975407,025402,825
2018-06-21$1.52$1.4072.7%20.8%78.3%16.8%73.2%1.1%12.4%184.7K-29.0M-177.9K0.4547.62127,42557,650466,850399,250
2018-06-22$1.61$1.4071.4%20.5%78.6%15.9%76.0%8.0%15.5%339.8K-44.3M-191.9K0.4356.70123,00052,325529,625404,850
2018-06-25$1.58$1.4075.5%21.7%77.6%18.7%76.5%6.9%12.9%336.8K-40.5M-187.3K0.9430.1255,02551,875534,275407,550
2018-06-26$1.63$1.4068.7%19.7%74.0%14.1%68.0%5.1%13.5%390.5K-46.9M-182.2K1.0823.6555,07559,575540,550407,775
2018-06-27$1.66$1.4069.6%19.9%73.8%14.7%71.9%4.5%12.8%415.0K-51.2M-180.9K0.8618.8368,22558,750542,700407,800
2018-06-28$1.67$1.4069.8%20.0%73.9%14.8%70.2%3.8%15.5%431.2K-53.3M-183.9K0.8615.5165,15056,300556,250410,400
2018-06-29$1.66$1.4067.1%19.2%71.6%13.0%68.9%3.5%14.9%441.8K-53.5M-181.3K0.9415.7360,95057,300556,825411,250