CVNA Options History — December 2019

In December 2019, CVNA traded between $3.46 and $3.93. ATM implied volatility averaged 45.3%, placing in the 2.6% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded below realized volatility by 0.6% (HV 20d: 46.0%). Max pain ranged from $3.00 to $3.20. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 1.09.

Notable Days

  • 2019-12-19: Highest Volume — 186,625 contracts
  • 2019-12-19: Largest IV spike — 5.3% change
  • 2019-12-12: Highest IV Rank — 4.2%
  • 2019-12-10: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.74$3.46$3.93$3.70$3.69
Max Pain$3.14$3.00$3.20$3.20$3.20
ATM IV45.3%43.0%46.9%45.4%45.7%
Expected Move13.4%12.4%14.2%13.9%13.2%
HV 20d46.0%40.3%54.0%52.1%46.6%
HV 60d47.6%45.7%49.1%49.0%46.7%
IV Rank2.6%0.1%4.2%2.7%3.0%
IV Percentile4.3%0.4%8.7%2.4%7.1%
Term Structure1.4%-0.9%3.9%1.1%1.0%
VWIV47.5%44.2%53.8%45.2%53.8%
Skew 25d3.8%1.1%6.2%5.5%5.1%
Skew 10d7.8%3.5%13.0%11.9%9.7%
Call IV 25d43.7%42.0%45.5%42.9%43.7%
Put IV 25d47.5%45.1%49.3%48.4%48.8%
Bid-Ask Spread %38.0213.4766.0143.3416.52
Gamma HHI0.150.100.250.140.10
Net GEX4.2M2.4M6.5M3.9M2.4M
Net DEX-385.3M-449.7M-290.6M-381.6M-330.4M
Net VEX-1.4M-1.5M-1.4M-1.5M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.090.282.960.631.56
Total Volume85,360.71415,450186,625135,550117,000
Total OI2,793,267.8572,393,1003,090,8002,764,3002,532,600

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-12-02$3.70$3.2045.4%13.9%52.1%2.7%45.2%5.5%1.1%3.9M-381.6M-1.5M0.6343.3483,02552,5251,629,5001,134,800
2019-12-03$3.66$3.2045.8%14.0%52.3%3.0%47.4%6.2%0.6%3.6M-363.5M-1.5M0.8741.4021,87519,0251,665,7251,168,350
2019-12-04$3.71$3.2045.1%13.2%51.5%2.3%45.9%5.7%2.0%4.2M-386.2M-1.5M1.3354.2044,12558,6251,680,7751,173,900
2019-12-05$3.51$3.0045.6%13.9%54.0%2.9%51.8%3.9%3.9%2.5M-309.3M-1.5M1.4863.0528,40041,9751,686,4251,216,150
2019-12-06$3.46$3.0044.6%14.1%46.7%1.8%49.0%1.1%2.7%2.4M-290.6M-1.5M2.9666.0127,17580,3251,691,2751,236,075
2019-12-09$3.55$3.0046.0%13.9%43.0%3.2%48.7%2.7%2.2%2.7M-329.8M-1.5M1.2761.3133,50042,5001,661,3501,225,850
2019-12-10$3.66$3.0046.3%14.2%43.4%3.5%49.4%3.3%2.9%4.3M-374.0M-1.4M0.3962.1924,0259,3751,682,9501,233,050
2019-12-11$3.79$3.0046.2%13.9%44.3%3.5%52.9%4.3%2.8%5.7M-424.2M-1.4M0.9454.7516,35015,3501,696,0501,239,050
2019-12-12$3.85$3.0046.9%14.1%40.3%4.2%50.3%3.0%2.9%6.2M-449.7M-1.4M0.5163.3973,00037,2751,704,2001,244,075
2019-12-13$3.65$3.2046.7%14.0%45.9%4.0%48.9%3.3%3.1%3.7M-371.5M-1.4M0.7647.2873,32555,5501,744,4251,264,325
2019-12-16$3.81$3.2044.3%12.8%45.7%1.4%46.3%3.5%-0.9%5.9M-426.0M-1.4M0.7547.5445,32534,0751,688,3751,232,150
2019-12-17$3.79$3.2043.0%12.4%44.3%0.1%44.3%3.5%-0.9%6.1M-416.4M-1.4M0.2824.4355,30015,6751,696,4501,254,600
2019-12-18$3.73$3.2043.9%12.6%42.6%1.1%44.3%3.2%-0.3%5.8M-393.1M-1.4M1.0020.7715,95015,9751,708,3251,258,475
2019-12-19$3.86$3.2046.3%13.3%44.0%3.5%47.8%3.2%-0.1%6.5M-448.2M-1.4M1.9220.9163,875122,7501,705,8501,268,325
2019-12-20$3.84$3.2044.7%12.7%44.1%1.9%45.5%3.7%1.2%4.1M-442.0M-1.4M0.7429.5681,17560,0001,727,5501,363,250
2019-12-23$3.81$3.2045.4%13.0%44.3%2.6%44.2%3.5%1.0%3.0M-378.8M-1.4M0.5018.4749,52524,7001,506,300886,800
2019-12-24$3.84$3.2044.9%12.7%43.9%2.1%44.3%3.1%0.8%3.4M-390.7M-1.4M0.5418.3710,0505,4001,545,250900,625
2019-12-26$3.93$3.2044.3%12.7%44.4%1.5%45.2%3.3%1.1%4.2M-421.9M-1.4M0.9416.5530,95029,2251,553,675902,825
2019-12-27$3.92$3.2045.2%12.8%43.9%2.4%44.7%3.4%1.3%4.4M-418.6M-1.4M1.6114.9616,22526,1251,566,300922,500
2019-12-30$3.71$3.2046.0%13.3%48.1%3.3%47.1%5.0%1.7%2.9M-344.2M-1.4M1.8113.4748,37587,5751,551,525908,575
2019-12-31$3.69$3.2045.7%13.2%46.6%3.0%53.8%5.1%1.0%2.4M-330.4M-1.4M1.5616.5245,67571,3251,564,375968,225