CVNA Options History — February 2019

In February 2019, CVNA traded between $1.28 and $1.80. ATM implied volatility averaged 87.4%, placing in the 44.5% IV rank vs the trailing year. The 30-day expected move averaged 25.4%. IV traded above realized volatility by 27.0% (HV 20d: 60.4%). Max pain ranged from $1.32 to $1.60. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 2.07.

Notable Days

  • 2019-02-12: Highest Volume — 882,750 contracts
  • 2019-02-28: Largest IV drop — 40.7% change
  • 2019-02-27: Highest IV Rank — 76.8%
  • 2019-02-27: Largest Expected Move — 33.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.45$1.28$1.80$1.42$1.80
Max Pain$1.43$1.32$1.60$1.52$1.52
ATM IV87.4%68.8%116.0%71.2%68.8%
Expected Move25.4%19.7%33.3%22.2%19.7%
HV 20d60.4%46.1%70.5%59.0%70.5%
HV 60d73.3%70.6%76.9%76.7%73.0%
IV Rank44.5%23.5%76.8%26.3%23.5%
IV Percentile72.5%40.5%97.6%47.2%40.5%
Term Structure-9.6%-31.9%0.4%-3.2%0.4%
VWIV91.2%72.7%119.5%78.6%72.7%
Skew 25d12.0%7.4%16.8%12.7%8.8%
Skew 10d26.8%18.9%34.7%25.1%21.9%
Call IV 25d83.6%65.3%110.7%70.7%65.3%
Put IV 25d95.6%74.1%124.7%83.4%74.1%
Bid-Ask Spread %20.859.8445.499.9839.02
Gamma HHI0.080.070.090.080.09
Net GEX411.6K-199.0K1.5M353.9K1.5M
Net DEX-40.1M-118.0M-4.2M-23.2M-118.0M
Net VEX-659.3K-823.5K-540.1K-552.0K-823.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.070.2416.092.121.50
Total Volume281,80010,325882,750122,325805,400
Total OI2,126,452.6321,718,5002,525,7751,718,5002,435,900

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-02-01$1.42$1.5271.2%22.2%59.0%26.3%78.6%12.7%-3.2%353.9K-23.2M-552.0K2.129.9839,22583,1001,029,100689,400
2019-02-04$1.44$1.4071.7%22.3%58.9%26.9%79.4%11.9%-2.9%414.4K-26.0M-558.6K0.9910.465,2005,1251,040,625695,700
2019-02-05$1.38$1.4077.3%24.7%56.7%33.1%82.1%13.3%-5.7%314.0K-20.4M-540.1K1.0513.20195,475205,4501,042,700695,225
2019-02-06$1.34$1.4085.6%24.5%51.9%42.5%82.0%12.3%-5.5%283.9K-18.0M-570.0K0.779.8427,80021,2751,207,350827,950
2019-02-07$1.32$1.3688.8%25.5%51.9%46.2%87.5%15.5%-7.5%227.9K-15.2M-566.4K1.4811.14169,925250,7251,220,450842,975
2019-02-08$1.29$1.3691.7%26.3%51.9%49.4%97.4%14.7%-9.4%23.0K-8.3M-560.8K5.9212.7512,15071,8751,170,650946,400
2019-02-11$1.28$1.3692.5%26.5%46.1%50.3%98.8%12.3%-8.1%-199.0K-4.2M-543.0K16.0912.819,500152,8251,171,4251,000,675
2019-02-12$1.40$1.3282.7%23.7%56.7%39.3%95.4%13.6%-2.0%114.6K-17.6M-583.1K1.2245.49398,225484,5251,176,9251,065,825
2019-02-13$1.33$1.3279.2%22.7%59.3%35.3%80.7%9.4%-0.5%21.1K-22.2M-659.0K0.6927.84254,375176,7501,348,2251,172,600
2019-02-14$1.38$1.6082.9%23.8%60.9%39.5%82.1%7.4%-7.1%314.3K-28.5M-674.1K0.6226.62253,050156,1501,315,9501,197,600
2019-02-15$1.42$1.4882.6%23.7%62.0%39.1%85.1%10.7%-7.1%462.7K-37.6M-690.6K1.2021.06189,900228,3501,321,3751,204,400
2019-02-19$1.48$1.4888.1%25.3%62.8%45.3%92.5%12.0%-8.6%483.8K-51.0M-718.7K1.9617.7626,10051,0251,162,350841,950
2019-02-20$1.45$1.4886.3%24.8%62.3%43.3%88.7%11.2%-9.9%441.5K-44.5M-705.5K0.8020.6658,80047,2251,170,025861,725
2019-02-21$1.39$1.4886.5%24.8%62.4%43.5%92.1%8.7%-9.7%301.5K-34.6M-691.0K0.7931.6527,57521,9001,165,950865,600
2019-02-22$1.51$1.4894.0%27.0%68.3%52.0%95.6%10.6%-14.9%512.0K-53.2M-731.4K0.2420.79124,82530,3751,174,125868,850
2019-02-25$1.54$1.40100.5%28.8%67.5%59.3%105.1%12.9%-21.3%669.3K-64.7M-751.9K0.8822.8525,87522,8751,227,375881,775
2019-02-26$1.62$1.40113.6%32.6%69.6%74.1%116.9%12.3%-27.2%695.8K-79.0M-783.2K0.6020.58142,02585,2251,240,200893,800
2019-02-27$1.71$1.44116.0%33.3%68.8%76.8%119.5%16.8%-31.9%862.7K-94.8M-823.2K0.4721.72335,225158,7751,271,625957,825
2019-02-28$1.80$1.5268.8%19.7%70.5%23.5%72.7%8.8%0.4%1.5M-118.0M-823.5K1.5039.02322,100483,3001,367,4751,068,425