CVNA Options History — July 2018

In July 2018, CVNA traded between $1.64 and $1.89. ATM implied volatility averaged 77.4%, placing in the 20.0% IV rank vs the trailing year. The 30-day expected move averaged 22.9%. IV traded above realized volatility by 15.2% (HV 20d: 62.2%). Max pain ranged from $1.36 to $1.40. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.33.

Notable Days

  • 2018-07-18: Highest Volume — 242,250 contracts
  • 2018-07-11: Largest IV spike — 16.2% change
  • 2018-07-31: Highest IV Rank — 31.2%
  • 2018-07-31: Largest Expected Move — 26.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.78$1.64$1.89$1.70$1.72
Max Pain$1.38$1.36$1.40$1.40$1.40
ATM IV77.4%64.1%94.0%68.4%94.0%
Expected Move22.9%19.3%26.9%19.6%26.9%
HV 20d62.2%49.2%74.2%70.5%60.0%
HV 60d65.0%59.8%72.2%71.2%62.4%
IV Rank20.0%11.0%31.2%13.9%31.2%
IV Percentile56.2%23.4%88.5%31.0%88.5%
Term Structure-8.8%-21.9%15.0%14.6%-21.9%
VWIV82.7%68.1%97.0%68.7%97.0%
Skew 25d6.2%2.9%8.6%4.6%8.6%
Skew 10d11.9%7.7%17.1%9.1%17.1%
Call IV 25d77.5%66.5%89.8%66.5%89.4%
Put IV 25d83.7%71.1%98.0%71.1%98.0%
Bid-Ask Spread %22.3512.4047.4918.2220.29
Gamma HHI0.120.090.160.110.14
Net GEX528.0K216.7K721.4K469.5K481.9K
Net DEX-65.8M-80.9M-45.8M-57.3M-55.7M
Net VEX-169.0K-202.4K-132.8K-171.9K-193.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.382.501.191.43
Total Volume132,898.8193,025242,250106,525101,750
Total OI1,051,663.095971,4001,198,725971,4001,146,050

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-07-02$1.70$1.4068.4%19.6%70.5%13.9%68.7%4.6%14.6%469.5K-57.3M-171.9K1.1918.2248,60057,925559,050412,350
2018-07-03$1.67$1.4067.5%19.3%70.3%13.3%68.1%4.6%15.0%472.5K-54.1M-175.2K1.0019.6551,20051,225561,950413,300
2018-07-05$1.80$1.3666.4%23.8%72.3%12.5%85.9%7.1%-11.7%517.1K-69.2M-158.8K1.2237.0750,25061,500559,525413,225
2018-07-06$1.89$1.3664.1%22.8%69.9%11.0%81.1%6.1%-9.0%512.2K-78.8M-147.7K1.0224.9661,32562,450560,800419,475
2018-07-09$1.79$1.3669.4%23.1%73.8%14.6%81.7%2.9%-8.4%550.9K-69.7M-152.0K0.9723.1172,07569,875568,875419,075
2018-07-10$1.77$1.3668.7%22.8%74.2%14.1%81.2%6.2%-8.8%557.3K-66.0M-154.9K1.0716.4260,17564,200575,100428,450
2018-07-11$1.76$1.3679.8%22.9%72.9%21.6%81.6%5.6%-8.9%587.9K-66.6M-154.3K1.0416.2957,12559,525584,875430,850
2018-07-12$1.83$1.3679.9%22.9%70.9%21.7%84.6%6.7%-9.8%616.2K-74.7M-145.6K1.3538.4153,82572,425581,525431,175
2018-07-13$1.77$1.3678.5%22.5%66.7%20.8%84.3%6.0%-7.3%618.9K-68.3M-149.4K1.1813.5862,97574,000584,425439,975
2018-07-16$1.81$1.3676.3%21.9%63.3%19.3%83.7%8.0%-7.0%706.0K-72.5M-143.8K1.4347.4952,17574,350593,600442,825
2018-07-17$1.83$1.3678.9%22.6%63.4%21.0%85.0%8.1%-8.2%721.4K-76.3M-138.5K1.2017.7660,22572,250592,625444,575
2018-07-18$1.87$1.3677.6%22.2%63.7%20.1%85.0%7.3%-9.1%721.1K-80.9M-132.8K1.2422.96108,100134,150585,600444,650
2018-07-19$1.81$1.3677.1%22.1%53.9%19.8%82.0%6.5%-9.4%651.5K-74.8M-179.8K2.5015.8055,850139,675642,725523,150
2018-07-20$1.77$1.4076.5%21.9%52.2%19.4%78.5%6.0%-8.5%230.1K-68.6M-183.5K2.2716.9750,425114,600645,025553,700
2018-07-23$1.73$1.4080.3%23.0%50.0%21.9%80.7%5.0%-10.7%216.7K-50.1M-181.4K2.4713.5640,625100,400511,125472,650
2018-07-24$1.75$1.4081.5%23.4%49.2%22.7%81.9%5.5%-12.5%428.8K-57.2M-202.4K1.1213.0843,80049,225616,750475,025
2018-07-25$1.82$1.4081.8%23.4%49.9%23.0%81.9%5.9%-13.2%489.2K-66.3M-195.5K0.3814.54142,70053,575621,375475,625
2018-07-26$1.82$1.4082.5%23.7%49.7%23.5%84.8%5.9%-14.9%560.2K-67.9M-196.9K1.1412.4044,85051,000632,625479,525
2018-07-27$1.76$1.4082.7%23.7%51.5%23.6%83.5%5.7%-13.9%545.5K-61.6M-195.2K0.9738.6950,42548,675639,275480,675
2018-07-30$1.64$1.4093.7%26.9%57.8%31.0%96.5%7.4%-21.0%432.7K-45.8M-195.4K1.7028.0541,20070,175639,750482,000
2018-07-31$1.72$1.4094.0%26.9%60.0%31.2%97.0%8.6%-21.9%481.9K-55.7M-193.6K1.4320.2941,87559,875641,700504,350