CVNA Options History — September 2019

In September 2019, CVNA traded between $2.64 and $3.38. ATM implied volatility averaged 54.3%, placing in the 4.0% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded below realized volatility by 0.2% (HV 20d: 54.5%). Max pain ranged from $2.80 to $3.20. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.07.

Notable Days

  • 2019-09-10: Highest Volume — 285,175 contracts
  • 2019-09-09: Largest IV spike — 5.4% change
  • 2019-09-27: Highest IV Rank — 8.1%
  • 2019-09-27: Largest Expected Move — 16.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.07$2.64$3.38$3.19$2.64
Max Pain$3.12$2.80$3.20$3.00$2.80
ATM IV54.3%50.7%57.7%56.8%56.1%
Expected Move15.6%14.6%16.6%16.3%16.1%
HV 20d54.5%42.3%92.5%92.5%46.1%
HV 60d68.5%67.0%70.6%69.0%68.1%
IV Rank4.0%0.0%8.1%6.7%6.2%
IV Percentile6.7%0.0%17.1%9.1%13.5%
Term Structure0.8%-1.6%10.8%0.3%10.8%
VWIV55.2%52.7%58.6%58.6%55.9%
Skew 25d5.6%4.3%7.0%6.0%7.0%
Skew 10d11.8%9.8%14.1%13.5%13.9%
Call IV 25d52.2%49.0%55.3%54.3%54.3%
Put IV 25d57.8%53.8%61.8%60.3%61.3%
Bid-Ask Spread %41.1621.3655.8529.1855.85
Gamma HHI0.160.110.240.190.11
Net GEX2.1M565.7K3.6M2.3M1.6M
Net DEX-226.2M-318.3M-127.0M-254.4M-142.1M
Net VEX-1.3M-1.4M-1.2M-1.4M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.242.940.590.81
Total Volume97,151.2532,925285,17580,27548,225
Total OI2,254,0601,819,8002,510,4502,209,3252,062,775

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-09-03$3.19$3.0056.8%16.3%92.5%6.7%58.6%6.0%0.3%2.3M-254.4M-1.4M0.5929.1850,47529,8001,384,600824,725
2019-09-04$3.28$3.0054.7%15.2%91.5%4.2%55.3%5.0%0.3%2.8M-287.9M-1.4M0.8521.3627,80023,5251,422,225828,525
2019-09-05$3.38$3.2052.6%15.4%90.1%1.8%54.8%5.6%1.2%3.5M-318.3M-1.4M0.9233.1448,20044,3501,439,475841,175
2019-09-06$3.35$3.2051.5%14.9%51.9%0.6%52.7%4.8%1.1%3.3M-310.5M-1.4M0.4932.9646,87523,2001,474,400869,525
2019-09-09$3.32$3.2054.3%15.5%44.4%3.8%56.4%5.5%-0.5%3.6M-301.1M-1.4M0.6239.6992,82557,2001,487,700856,225
2019-09-10$3.08$3.2055.4%16.2%52.2%5.0%57.5%6.6%1.2%2.0M-228.6M-1.4M2.9442.0072,400212,7751,546,225897,725
2019-09-11$3.12$3.2053.6%15.3%51.0%3.0%55.0%6.6%-0.2%1.7M-229.8M-1.4M2.7749.1018,72551,9251,534,675967,550
2019-09-12$3.22$3.2052.2%14.9%51.9%1.3%53.2%5.0%-0.5%2.3M-264.9M-1.4M0.6345.2838,97524,5251,538,500969,525
2019-09-13$3.21$3.2050.7%14.6%51.9%0.0%53.4%4.8%0.6%2.3M-259.6M-1.4M2.6746.7622,50060,0751,539,600970,850
2019-09-16$3.26$3.2052.5%15.1%52.0%2.1%53.0%5.4%-0.6%2.9M-271.4M-1.4M0.4146.7545,22518,7001,467,500953,750
2019-09-17$3.24$3.2052.7%15.2%50.4%2.3%54.6%5.8%-0.4%2.7M-267.0M-1.4M1.2449.9514,70018,2251,461,725957,825
2019-09-18$3.08$3.2055.1%15.8%54.0%5.0%55.3%5.2%-0.7%1.9M-210.2M-1.3M0.8650.63107,97592,6501,466,475957,525
2019-09-19$3.06$3.2054.6%15.6%44.2%4.5%55.4%5.5%-0.2%2.1M-207.7M-1.3M0.5353.1832,20016,9501,480,575963,400
2019-09-20$3.01$3.2054.3%15.7%42.5%4.2%56.6%5.4%-1.6%2.2M-189.2M-1.3M0.8655.7540,52534,7751,470,700968,525
2019-09-23$2.98$3.2055.0%15.5%42.3%4.9%54.0%4.3%-0.7%1.2M-191.2M-1.3M1.1226.9924,30027,1751,211,575608,225
2019-09-24$2.82$3.0056.8%16.5%45.3%7.0%58.0%5.9%1.3%751.2K-156.2M-1.3M0.8829.4453,80047,2501,235,300637,850
2019-09-25$2.83$3.0053.9%15.7%45.5%3.7%55.7%4.7%2.9%767.7K-164.9M-1.3M1.0030.2123,80023,7751,274,075644,475
2019-09-26$2.72$3.0056.1%15.4%45.4%6.2%53.9%6.0%1.2%565.7K-141.9M-1.3M0.8936.5744,42539,6501,271,475649,425
2019-09-27$2.64$3.0057.7%16.6%45.9%8.1%55.4%6.5%-0.2%739.5K-127.0M-1.2M0.2448.44195,75046,8001,294,600650,200
2019-09-30$2.64$2.8056.1%16.1%46.1%6.2%55.9%7.0%10.8%1.6M-142.1M-1.3M0.8155.8526,60021,6251,426,375636,400