CVNA Options History — November 2018

In November 2018, CVNA traded between $1.63 and $2.04. ATM implied volatility averaged 93.5%, placing in the 48.4% IV rank vs the trailing year. The 30-day expected move averaged 24.4%. IV traded above realized volatility by 4.3% (HV 20d: 89.2%). Max pain ranged from $1.60 to $1.84. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 1.06.

Notable Days

  • 2018-11-07: Highest Volume — 313,675 contracts
  • 2018-11-08: Largest IV drop — 38.8% change
  • 2018-11-06: Highest IV Rank — 85.2%
  • 2018-11-02: Largest Expected Move — 34.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.82$1.63$2.04$1.76$1.74
Max Pain$1.78$1.60$1.84$1.76$1.84
ATM IV93.5%72.3%136.6%113.4%72.3%
Expected Move24.4%20.1%34.0%32.5%20.7%
HV 20d89.2%83.4%94.7%85.0%84.3%
HV 60d72.3%66.6%76.1%68.3%75.8%
IV Rank48.4%27.5%85.2%62.9%27.5%
IV Percentile82.5%55.2%99.2%97.6%55.2%
Term Structure-5.5%-31.4%0.9%-26.2%-3.6%
VWIV86.9%72.7%118.2%114.8%73.3%
Skew 25d7.3%4.2%10.7%8.7%9.4%
Skew 10d16.4%9.6%23.1%19.1%22.8%
Call IV 25d82.7%68.0%114.9%110.3%68.0%
Put IV 25d90.0%72.9%122.6%119.0%77.5%
Bid-Ask Spread %25.8512.2753.4517.3647.50
Gamma HHI0.090.070.130.130.07
Net GEX500.8K52.1K969.0K667.7K252.5K
Net DEX-46.0M-92.7M-14.0M-46.5M-22.3M
Net VEX-412.5K-454.2K-364.2K-399.2K-405.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.060.332.411.980.61
Total Volume209,032.143150,625313,675240,375209,800
Total OI1,503,247.6191,181,6501,784,7251,472,2501,420,125

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-11-01$1.76$1.76113.4%32.5%85.0%62.9%114.8%8.7%-26.2%667.7K-46.5M-399.2K1.9817.3680,575159,800908,475563,775
2018-11-02$1.85$1.76118.7%34.0%87.5%68.0%118.2%7.7%-31.4%717.1K-58.7M-419.8K2.4120.7977,350186,600914,775638,850
2018-11-05$1.85$1.60130.6%25.1%87.3%79.5%92.7%6.1%-8.5%710.9K-58.5M-409.3K1.6312.2798,975161,275918,750624,150
2018-11-06$1.80$1.60136.6%26.1%87.4%85.2%93.8%4.5%-7.8%594.5K-47.2M-395.0K1.8413.1671,275131,250897,050633,875
2018-11-07$1.83$1.68121.7%24.1%83.4%70.9%87.0%5.1%-3.4%646.7K-52.0M-398.0K0.3626.38230,40083,275898,400639,325
2018-11-08$2.04$1.7674.4%20.1%87.9%29.9%72.7%4.2%-1.6%961.2K-92.7M-426.4K0.6023.80170,525101,9501,007,200668,725
2018-11-09$1.97$1.7679.9%21.9%86.8%36.1%78.6%4.2%-3.9%969.0K-80.4M-436.0K0.8236.66108,00088,2751,027,825693,250
2018-11-12$1.78$1.7699.1%23.2%91.6%57.8%81.3%7.0%-2.0%670.3K-42.7M-407.6K0.9817.3095,95094,3501,038,300711,925
2018-11-13$1.81$1.76104.4%23.0%90.8%63.8%82.9%6.0%-2.4%723.0K-47.1M-406.1K0.9519.1897,12592,0001,032,425719,500
2018-11-14$1.83$1.7682.2%23.6%90.6%38.6%85.1%5.3%-1.3%764.6K-52.0M-411.7K1.0326.4482,37584,5251,028,975721,650
2018-11-15$1.91$1.8084.0%24.1%90.3%40.7%93.2%8.0%-3.3%884.9K-70.6M-415.4K1.2228.2383,975102,5001,026,775732,975
2018-11-16$1.86$1.8080.7%23.1%87.3%36.9%83.9%7.7%-1.7%279.7K-62.1M-406.6K1.1025.9184,32592,7001,022,475762,250
2018-11-19$1.70$1.8482.2%23.6%93.5%38.7%85.8%7.4%-1.2%163.3K-22.4M-381.1K1.2224.1068,07582,875643,725537,925
2018-11-20$1.63$1.8488.5%25.4%94.7%45.8%89.4%6.3%-4.5%77.1K-14.0M-364.2K0.7120.0088,20062,425646,450553,575
2018-11-21$1.68$1.8083.0%23.8%92.4%39.6%81.9%8.4%-2.2%130.4K-20.6M-403.2K1.2121.06102,350123,775674,150562,550
2018-11-23$1.71$1.8488.3%25.3%91.9%45.6%86.9%9.2%-3.5%52.1K-22.1M-422.6K0.9146.5393,72584,925687,875624,450
2018-11-26$1.80$1.8484.2%24.1%91.2%40.9%83.5%9.4%0.9%139.3K-30.4M-424.3K0.8519.3096,67582,525687,750617,475
2018-11-27$1.84$1.8481.4%23.3%89.8%37.8%82.9%9.3%-0.1%184.4K-34.8M-436.0K0.8421.6996,92581,650690,225619,400
2018-11-28$1.89$1.8483.2%23.8%90.0%39.8%80.9%10.7%-5.1%210.6K-38.3M-440.1K0.3321.69199,62565,600691,625625,950
2018-11-29$1.90$1.8474.4%21.3%89.7%29.9%75.5%9.2%-2.1%718.3K-50.4M-454.2K0.5953.45119,95071,225824,050629,225
2018-11-30$1.74$1.8472.3%20.7%84.3%27.5%73.3%9.4%-3.6%252.5K-22.3M-405.1K0.6147.50130,00079,800780,425639,700