CVNA Options History — November 2019

In November 2019, CVNA traded between $2.93 and $3.82. ATM implied volatility averaged 50.3%, placing in the 5.8% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded above realized volatility by 0.0% (HV 20d: 50.3%). Max pain ranged from $3.00 to $3.20. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 1.15.

Notable Days

  • 2019-11-06: Highest Volume — 415,775 contracts
  • 2019-11-07: Largest IV drop — 30.5% change
  • 2019-11-05: Highest IV Rank — 23.4%
  • 2019-11-01: Largest Expected Move — 23.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.36$2.93$3.82$3.31$3.82
Max Pain$3.12$3.00$3.20$3.00$3.20
ATM IV50.3%42.9%71.2%64.1%48.9%
Expected Move14.5%12.6%23.7%23.7%13.8%
HV 20d50.3%39.7%54.0%42.1%50.1%
HV 60d48.7%46.3%50.4%49.1%48.5%
IV Rank5.8%0.0%23.4%15.3%6.3%
IV Percentile10.8%0.0%59.1%36.5%6.0%
Term Structure-0.9%-2.8%1.8%-2.4%0.4%
VWIV51.7%44.1%83.8%83.8%47.5%
Skew 25d6.9%4.0%13.2%7.7%4.0%
Skew 10d14.5%6.8%25.8%16.6%8.4%
Call IV 25d46.7%38.1%66.2%60.9%45.5%
Put IV 25d53.6%45.0%75.2%68.6%49.5%
Bid-Ask Spread %39.5622.4859.7126.1753.57
Gamma HHI0.140.090.250.170.22
Net GEX1.5M-4.3M6.6M107.2K6.6M
Net DEX-283.0M-441.2M-91.9M-278.5M-441.2M
Net VEX-1.5M-1.5M-1.4M-1.4M-1.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.150.254.581.190.25
Total Volume150,282.544,275415,775113,12562,550
Total OI2,749,5652,425,2503,047,9252,431,0252,933,800

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-11-01$3.31$3.0064.1%23.7%42.1%15.3%83.8%7.7%-2.4%107.2K-278.5M-1.4M1.1926.1751,65061,4751,504,125926,900
2019-11-04$3.32$3.0066.2%17.3%39.7%17.7%64.7%8.9%-2.6%2.1M-279.9M-1.4M0.7028.6356,07539,3251,517,850907,400
2019-11-05$3.26$3.0071.2%18.7%41.2%23.4%67.3%10.8%-1.9%1.9M-259.9M-1.5M3.1434.0194,150295,2251,559,575954,200
2019-11-06$3.15$3.2069.9%18.2%43.3%21.9%66.4%8.4%-2.0%554.3K-207.6M-1.5M1.0132.79207,000208,7751,646,4001,192,750
2019-11-07$2.93$3.2048.6%14.1%51.2%0.0%51.1%6.7%0.1%-4.3M-91.9M-1.4M2.4356.87104,875254,7251,687,1001,360,825
2019-11-08$3.12$3.2044.2%12.6%52.7%0.0%46.7%13.2%-2.8%-1.2M-177.0M-1.4M1.6359.7161,450100,0001,698,2501,348,750
2019-11-11$3.08$3.2046.7%13.8%52.5%2.6%48.2%7.4%1.4%-1.2M-193.3M-1.4M0.4955.7447,30023,3001,564,7751,128,250
2019-11-12$3.13$3.0046.2%13.1%50.4%2.1%45.0%7.1%-0.7%-756.1K-218.0M-1.5M0.7155.3753,47538,1501,598,0001,137,175
2019-11-13$3.01$3.0047.8%13.5%52.2%3.8%51.2%7.4%-0.7%-3.0M-162.3M-1.4M4.5857.7434,300157,1751,612,6501,146,375
2019-11-14$3.11$3.0046.0%13.0%53.6%1.9%47.2%6.7%-1.1%-2.2M-206.6M-1.5M0.9251.0923,07521,2001,624,6001,279,875
2019-11-15$3.25$3.0042.9%12.6%53.4%0.0%45.1%5.3%1.0%2.1M-283.6M-1.5M0.5350.0990,52548,4001,630,3001,290,375
2019-11-18$3.38$3.0046.0%13.1%52.7%3.3%47.3%5.2%-0.9%2.3M-287.5M-1.5M1.0023.7586,07586,5001,486,4501,009,400
2019-11-19$3.53$3.2047.0%13.5%54.0%4.3%48.9%6.1%-2.2%2.8M-333.0M-1.5M0.8922.5752,60046,8251,542,0251,094,425
2019-11-20$3.56$3.2047.2%13.5%54.0%4.6%44.1%6.2%-1.9%2.8M-341.3M-1.5M0.3322.6978,55025,9251,560,5001,120,700
2019-11-21$3.58$3.2046.4%13.4%53.8%3.6%48.6%5.8%-1.8%3.3M-353.4M-1.5M0.8322.4845,80038,1501,601,3501,131,300
2019-11-22$3.59$3.2045.0%13.1%53.8%2.3%47.6%5.2%-1.6%3.7M-357.1M-1.5M1.2027.7133,57540,3501,632,6251,157,600
2019-11-25$3.66$3.2043.2%12.9%52.4%0.3%45.5%5.6%1.8%3.1M-369.1M-1.5M0.5731.4041,17523,3251,589,5251,145,825
2019-11-26$3.71$3.2043.7%12.7%51.9%0.9%44.6%5.7%0.3%4.3M-391.2M-1.5M0.3335.39139,75046,6251,617,9751,164,550
2019-11-27$3.79$3.2045.2%13.0%51.0%2.4%44.3%4.5%-0.1%6.6M-426.6M-1.5M0.3343.4864,80021,4501,692,1251,194,625
2019-11-29$3.82$3.2048.9%13.8%50.1%6.3%47.5%4.0%0.4%6.6M-441.2M-1.5M0.2553.5750,00012,5501,726,5501,207,250