CVNA Options History — August 2020

In August 2020, CVNA traded between $6.41 and $8.94. ATM implied volatility averaged 65.7%, placing in the 13.1% IV rank vs the trailing year. The 30-day expected move averaged 18.9%. IV traded below realized volatility by 30.9% (HV 20d: 96.5%). Max pain ranged from $3.20 to $8.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.66.

Notable Days

  • 2020-08-06: Highest Volume — 1,371,425 contracts
  • 2020-08-06: Largest IV drop — 11.1% change
  • 2020-08-04: Highest IV Rank — 20.6%
  • 2020-08-04: Largest Expected Move — 25.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.88$6.41$8.94$6.41$8.70
Max Pain$6.08$3.20$8.00$3.20$7.20
ATM IV65.7%59.5%78.6%77.8%66.7%
Expected Move18.9%17.0%25.0%24.0%18.4%
HV 20d96.5%38.1%109.6%38.1%107.3%
HV 60d84.5%72.8%91.2%72.8%75.9%
IV Rank13.1%9.6%20.6%20.1%13.7%
IV Percentile40.2%33.3%59.5%58.3%40.5%
Term Structure-0.1%-5.0%4.7%-5.0%0.9%
VWIV67.7%60.1%91.1%84.0%64.7%
Skew 25d3.4%1.0%10.6%10.6%3.0%
Skew 10d8.7%3.2%23.3%22.4%9.6%
Call IV 25d65.3%59.6%73.6%73.4%65.6%
Put IV 25d68.7%61.8%84.0%84.0%68.6%
Bid-Ask Spread %34.6119.6650.3631.6320.60
Gamma HHI0.100.060.180.060.10
Net GEX7.4M2.0M18.4M4.4M7.4M
Net DEX-1.34B-1.94B-993.1M-993.1M-1.25B
Net VEX-2.1M-2.2M-1.7M-1.9M-2.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.181.580.970.64
Total Volume467,083.333150,4001,371,425150,400267,700
Total OI3,968,555.9523,148,4004,514,0503,381,0503,400,550

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-08-03$6.41$3.2077.8%24.0%38.1%20.1%84.0%10.6%-5.0%4.4M-993.1M-1.9M0.9731.6376,37574,0251,976,1751,404,875
2020-08-04$6.64$3.2078.6%25.0%39.1%20.6%91.1%9.0%-3.7%4.2M-1.05B-1.9M1.4332.6166,25095,0251,986,7751,439,300
2020-08-05$6.98$3.4075.1%23.8%41.1%18.6%88.5%9.5%-2.5%4.2M-1.16B-1.8M0.7550.36495,250371,6752,011,6501,482,200
2020-08-06$8.94$6.2066.8%18.8%92.7%13.8%68.2%1.0%-2.3%6.0M-1.94B-1.7M0.7647.76777,850593,5752,378,6251,735,800
2020-08-07$7.76$8.0067.8%19.3%109.6%14.4%70.5%1.6%-1.4%2.0M-1.40B-2.1M1.5048.94410,175616,4252,468,0002,046,050
2020-08-10$7.61$6.0067.1%19.1%106.2%13.9%67.7%1.6%-0.7%2.4M-1.33B-2.2M1.3340.8699,425131,8002,330,2751,878,025
2020-08-11$7.54$6.0065.3%18.5%105.9%12.9%66.4%2.5%-0.1%2.0M-1.31B-2.2M1.5839.1778,850124,9752,361,7251,933,075
2020-08-12$7.73$6.2064.5%18.4%105.9%12.5%65.7%2.9%1.0%2.5M-1.38B-2.1M0.3338.08167,05055,0752,367,7251,961,475
2020-08-13$7.76$6.4064.9%18.3%105.9%12.7%65.2%1.6%-0.7%3.7M-1.40B-2.2M0.6739.45117,40078,8502,442,9001,971,950
2020-08-14$7.84$6.4063.4%18.0%105.9%11.8%63.9%2.2%-1.1%6.0M-1.43B-2.0M0.4535.14205,67591,8752,446,4752,001,875
2020-08-17$7.82$6.2062.3%18.0%106.0%11.2%63.0%3.4%0.7%7.6M-1.44B-2.1M0.1935.94487,95093,1002,414,2501,858,725
2020-08-18$8.13$6.4060.5%17.3%106.2%10.1%61.4%3.0%2.1%12.0M-1.56B-2.1M0.2733.50330,40087,6752,544,7001,915,900
2020-08-19$7.97$6.4059.5%17.1%107.0%9.6%60.1%3.4%3.8%8.6M-1.42B-2.2M0.2536.37211,82553,5752,460,7001,949,225
2020-08-20$8.14$6.4060.8%17.3%106.7%10.3%62.9%2.0%3.1%11.7M-1.51B-2.1M0.1832.94299,07555,1502,498,0751,966,225
2020-08-21$8.05$6.4060.3%17.0%107.0%10.0%61.1%1.6%2.3%7.5M-1.46B-2.1M0.3446.11338,400113,6502,522,5001,989,450
2020-08-24$8.01$6.4064.1%17.5%107.2%12.2%64.6%2.7%-2.7%8.4M-1.11B-2.2M0.3920.61429,925168,5752,052,5501,095,850
2020-08-25$8.14$6.8063.3%17.0%107.2%11.7%61.6%1.9%-0.0%9.7M-1.18B-2.0M0.3227.54288,50092,0252,223,6001,226,650
2020-08-26$8.31$6.8062.0%17.0%107.2%11.0%61.3%1.0%1.0%12.4M-1.23B-2.1M0.2920.72350,600103,3252,238,7501,261,725
2020-08-27$8.32$6.8062.5%17.9%107.3%11.3%62.3%2.1%-0.6%13.2M-1.23B-2.1M0.2928.91559,250164,6752,233,7001,273,375
2020-08-28$8.71$6.8065.2%18.8%107.3%12.9%68.4%5.2%4.7%18.4M-1.43B-2.2M0.9419.66301,250284,5252,271,7251,316,500
2020-08-31$8.70$7.2066.7%18.4%107.3%13.7%64.7%3.0%0.9%7.4M-1.25B-2.2M0.6420.60163,575104,1252,023,4751,377,075