CVNA Options History — December 2018

In December 2018, CVNA traded between $1.18 and $1.72. ATM implied volatility averaged 90.8%, placing in the 48.3% IV rank vs the trailing year. The 30-day expected move averaged 25.6%. IV traded above realized volatility by 7.2% (HV 20d: 83.6%). Max pain ranged from $1.36 to $1.84. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 2.85.

Notable Days

  • 2018-12-14: Highest Volume — 478,275 contracts
  • 2018-12-04: Largest IV spike — 20.9% change
  • 2018-12-24: Highest IV Rank — 66.9%
  • 2018-12-24: Largest Expected Move — 30.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.38$1.18$1.72$1.72$1.31
Max Pain$1.44$1.36$1.84$1.84$1.36
ATM IV90.8%69.7%107.2%69.7%88.9%
Expected Move25.6%20.0%30.7%20.0%25.5%
HV 20d83.6%75.4%91.5%81.9%84.2%
HV 60d78.4%74.5%83.6%75.5%83.5%
IV Rank48.3%24.5%66.9%24.5%46.3%
IV Percentile83.9%50.8%95.6%50.8%80.2%
Term Structure1.0%-3.9%4.7%-1.2%1.7%
VWIV90.1%70.3%106.1%70.3%93.9%
Skew 25d13.8%4.2%22.6%8.4%14.2%
Skew 10d32.4%8.7%47.2%8.7%34.5%
Call IV 25d83.8%66.7%94.1%66.7%83.4%
Put IV 25d97.6%75.2%116.7%75.2%97.7%
Bid-Ask Spread %54.0645.4364.6452.6560.60
Gamma HHI0.080.070.090.070.09
Net GEX56.8K-106.7K233.8K127.2K176.1K
Net DEX-7.8M-21.4M8.5M-18.5M-16.8M
Net VEX-490.2K-586.7K-378.4K-403.5K-510.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.850.0518.600.513.82
Total Volume140,981.2516,650478,27544,62538,950
Total OI1,859,631.251,467,6252,180,8001,467,6251,882,150

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-12-03$1.72$1.8469.7%20.0%81.9%24.5%70.3%8.4%-1.2%127.2K-18.5M-403.5K0.5152.6529,52515,100789,075678,550
2018-12-04$1.53$1.8484.2%24.1%91.5%40.9%83.2%7.8%-1.7%-106.7K1.5M-378.4K0.1745.43178,22530,550799,175688,300
2018-12-05$1.54$1.8486.0%24.6%91.4%42.9%87.2%4.2%0.4%-42.8K-1.4M-381.7K0.2160.81178,45038,300799,175688,300
2018-12-06$1.54$1.4092.3%24.0%90.8%50.0%82.9%14.9%0.1%-27.7K-5.3M-443.9K0.0548.83114,7505,500922,925708,975
2018-12-07$1.47$1.4087.0%23.3%80.9%44.1%78.0%9.8%4.7%29.1K-5.2M-469.0K0.1355.57162,85020,7501,033,450712,700
2018-12-10$1.43$1.4094.5%24.6%80.8%52.6%87.1%16.9%2.2%-75.8K-12.5K-444.2K5.2246.848,15042,5501,045,350721,850
2018-12-11$1.36$1.3696.4%25.0%75.4%54.7%87.8%14.6%1.9%-87.4K5.6M-421.8K0.0548.24258,62512,6751,048,800708,050
2018-12-12$1.44$1.3682.2%23.6%79.3%38.7%86.7%13.8%2.5%117.0K-21.2M-586.7K0.0746.51268,02519,1251,290,425711,250
2018-12-13$1.34$1.3686.3%24.8%81.5%43.3%87.8%12.8%1.9%56.7K-10.5M-554.8K0.1049.71267,82527,7001,300,850706,675
2018-12-14$1.28$1.3690.9%26.1%79.2%48.5%91.0%10.7%-0.6%48.3K-2.6M-510.1K0.1351.20422,37555,9001,305,075705,075
2018-12-17$1.30$1.3688.7%25.4%80.4%46.0%87.5%14.3%3.2%38.5K-6.0M-525.6K2.9252.194,25012,4001,320,625729,475
2018-12-18$1.39$1.3685.3%24.4%81.0%42.1%84.8%14.3%2.0%-2.3K-15.9M-556.3K18.6052.657,450138,6001,323,150735,250
2018-12-19$1.30$1.3689.4%25.6%83.4%46.8%88.7%13.5%4.1%-56.4K-835.4K-553.3K9.6960.028,10078,4751,325,775855,025
2018-12-20$1.26$1.3694.5%27.1%82.4%52.5%98.1%14.6%1.7%92.1K-909.6K-514.2K4.3158.8010,87546,9251,327,700759,875
2018-12-21$1.18$1.3697.4%27.9%83.0%55.8%100.0%17.2%4.1%101.2K8.5M-480.1K4.4156.7815,30067,4501,327,500774,375
2018-12-24$1.25$1.36107.2%30.7%82.7%66.9%106.1%22.6%1.3%156.7K-13.4M-506.3K0.2664.64120,97531,0751,178,350675,400
2018-12-26$1.34$1.3696.1%27.6%88.3%54.4%98.4%17.8%-3.5%233.8K-21.4M-534.0K1.7155.399,22515,8001,183,950680,225
2018-12-27$1.31$1.36100.4%28.8%87.0%59.2%101.7%18.5%-1.5%197.3K-18.0M-528.6K2.0459.416,80013,8751,187,175687,575
2018-12-28$1.27$1.3698.1%28.1%86.7%56.6%100.3%15.4%-3.9%160.2K-13.6M-500.7K2.6654.979,87526,2751,188,100686,925
2018-12-31$1.31$1.3688.9%25.5%84.2%46.3%93.9%14.2%1.7%176.1K-16.8M-510.3K3.8260.608,07530,8751,187,500694,650