CVNA Options History — June 2019

In June 2019, CVNA traded between $2.33 and $2.68. ATM implied volatility averaged 61.4%, placing in the 13.3% IV rank vs the trailing year. The 30-day expected move averaged 17.7%. IV traded above realized volatility by 3.9% (HV 20d: 57.6%). Max pain ranged from $2.40 to $2.60. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.98.

Notable Days

  • 2019-06-19: Highest Volume — 341,950 contracts
  • 2019-06-10: Largest IV spike — 16.6% change
  • 2019-06-10: Highest IV Rank — 21.0%
  • 2019-06-10: Largest Expected Move — 19.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.48$2.33$2.68$2.33$2.52
Max Pain$2.49$2.40$2.60$2.60$2.60
ATM IV61.4%56.8%68.2%65.3%56.8%
Expected Move17.7%16.3%19.0%18.7%16.3%
HV 20d57.6%45.0%71.2%66.5%57.4%
HV 60d53.7%51.8%57.2%51.8%56.2%
IV Rank13.3%7.8%21.0%19.7%7.8%
IV Percentile19.0%7.5%41.3%34.5%7.5%
Term Structure6.7%1.4%11.8%1.4%11.8%
VWIV62.6%59.1%67.2%65.7%59.1%
Skew 25d5.9%4.3%8.1%7.6%6.6%
Skew 10d11.8%6.7%17.4%15.1%11.0%
Call IV 25d59.7%55.3%64.1%63.2%55.3%
Put IV 25d65.6%61.6%70.8%70.8%61.8%
Bid-Ask Spread %42.4629.5460.7360.7344.02
Gamma HHI0.170.130.250.130.16
Net GEX1.2M651.4K2.8M651.4K1.1M
Net DEX-149.6M-197.9M-113.1M-113.1M-153.0M
Net VEX-1.1M-1.2M-1.1M-1.1M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.980.253.330.511.09
Total Volume80,236.2524,625341,95026,40071,300
Total OI2,412,036.252,262,2752,754,5252,262,2752,459,350

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-06-03$2.33$2.6065.3%18.7%66.5%19.7%65.7%7.6%1.4%651.4K-113.1M-1.1M0.5160.7317,4508,9501,317,275945,000
2019-06-04$2.44$2.6063.3%18.1%69.6%15.5%63.1%8.1%2.4%904.1K-137.2M-1.1M0.3153.9151,85016,0751,317,825944,650
2019-06-05$2.38$2.6062.2%17.8%69.8%14.1%64.7%7.4%4.0%867.3K-128.0M-1.1M0.4251.7339,85016,7001,342,675949,250
2019-06-06$2.40$2.4061.6%18.5%69.2%13.4%63.9%6.5%6.6%958.7K-130.6M-1.1M0.3439.7540,07513,7001,366,800955,050
2019-06-07$2.53$2.4058.4%18.2%71.2%9.7%64.2%6.0%5.3%1.3M-161.3M-1.1M0.3531.7055,90019,4501,370,575955,475
2019-06-10$2.46$2.4068.2%19.0%56.2%21.0%67.2%5.4%4.5%1.3M-148.2M-1.1M0.6129.5421,87513,3251,396,750958,600
2019-06-11$2.46$2.4064.0%18.8%53.0%16.2%66.0%5.7%4.9%1.2M-147.0M-1.1M0.8235.0815,77512,9501,398,575964,150
2019-06-12$2.45$2.4064.5%18.5%49.2%16.7%66.6%6.7%5.9%1.2M-144.2M-1.1M1.5636.249,62515,0001,393,175965,000
2019-06-13$2.47$2.4059.7%17.1%49.3%11.2%59.1%4.3%6.9%1.3M-149.2M-1.1M1.0941.4235,70039,0751,394,075966,075
2019-06-14$2.40$2.4059.8%17.2%45.0%11.3%59.5%6.2%6.2%972.2K-129.7M-1.1M1.8841.5815,50029,1751,414,325987,775
2019-06-17$2.55$2.4060.0%17.2%51.2%11.5%60.7%5.3%5.7%1.6M-169.0M-1.1M0.2533.8678,82519,5751,415,850989,900
2019-06-18$2.64$2.4060.2%17.3%52.7%11.8%61.5%6.0%6.6%2.8M-195.7M-1.1M0.5140.3071,60036,7001,474,525994,125
2019-06-19$2.55$2.4059.8%17.2%53.9%11.3%62.2%6.3%6.7%1.7M-165.5M-1.1M1.3445.13146,000195,9501,445,7001,014,675
2019-06-20$2.68$2.4060.0%17.2%55.0%11.5%60.5%4.5%7.4%1.3M-197.9M-1.2M0.4943.83100,12548,6501,526,8251,175,650
2019-06-21$2.66$2.6060.1%17.2%54.0%11.6%60.8%4.6%7.7%1.3M-197.8M-1.2M1.3938.0930,10041,7751,569,3001,185,225
2019-06-24$2.47$2.6062.8%18.0%56.9%14.8%61.9%5.5%9.8%924.0K-142.2M-1.1M0.8747.9239,07533,9251,335,6751,055,750
2019-06-25$2.40$2.6060.8%17.4%57.6%12.4%61.8%5.9%11.7%777.0K-125.6M-1.1M1.0443.5318,90019,7251,351,1251,073,850
2019-06-26$2.36$2.6061.9%17.7%56.1%13.7%62.6%5.6%8.9%679.5K-116.2M-1.1M3.3343.7222,42574,6751,358,0251,084,900
2019-06-27$2.46$2.6059.5%17.0%57.5%10.9%60.5%4.8%9.6%959.4K-140.9M-1.1M1.3747.1228,47538,9251,363,8501,063,350
2019-06-28$2.52$2.6056.8%16.3%57.4%7.8%59.1%6.6%11.8%1.1M-153.0M-1.1M1.0944.0234,07537,2251,375,5251,083,825