CVNA Options History — February 2021

In February 2021, CVNA traded between $10.53 and $12.34. ATM implied volatility averaged 79.9%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 22.4%. IV traded above realized volatility by 22.3% (HV 20d: 57.6%). Max pain ranged from $10.00 to $11.20. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 1.19.

Notable Days

  • 2021-02-26: Highest Volume — 714,400 contracts
  • 2021-02-26: Largest IV drop — 20.9% change
  • 2021-02-01: Highest IV Rank — 17.7%
  • 2021-02-25: Largest Expected Move — 26.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.51$10.53$12.34$10.60$11.43
Max Pain$10.78$10.00$11.20$10.00$10.80
ATM IV79.9%65.8%87.3%87.3%65.8%
Expected Move22.4%17.7%26.1%21.8%20.0%
HV 20d57.6%49.2%66.3%64.1%60.3%
HV 60d62.7%60.1%66.7%64.3%66.7%
IV Rank13.0%4.0%17.7%17.7%4.0%
IV Percentile53.3%21.8%72.2%72.2%21.8%
Term Structure-1.4%-4.0%2.6%-1.7%-0.1%
VWIV80.0%64.4%91.5%75.5%71.9%
Skew 25d4.8%-0.1%9.0%5.1%-0.1%
Skew 10d10.0%-12.0%15.5%11.5%-12.0%
Call IV 25d78.2%65.7%84.6%84.6%65.7%
Put IV 25d83.0%65.6%89.7%89.7%65.6%
Bid-Ask Spread %34.4021.3053.0545.3544.65
Gamma HHI0.080.050.180.090.09
Net GEX8.1M1.3M19.0M1.5M10.2M
Net DEX-801.8M-1.09B-441.6M-528.7M-697.0M
Net VEX-3.7M-4.0M-3.4M-4.0M-3.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.190.122.711.231.73
Total Volume201,296.05350,525714,400164,500714,400
Total OI2,884,073.6842,079,6003,196,5003,061,0252,363,600

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-02-01$10.60$10.0087.3%21.8%64.1%17.7%75.5%5.1%-1.7%1.5M-528.7M-4.0M1.2345.3573,80090,7001,497,5501,563,475
2021-02-02$11.27$10.0083.3%19.6%66.3%15.1%69.0%5.7%-1.0%6.6M-776.7M-4.0M0.5652.09120,50067,5501,526,4001,583,525
2021-02-03$11.37$10.0077.8%17.7%62.1%11.6%64.4%6.0%-0.7%8.6M-827.0M-3.9M1.8453.0574,750137,3501,538,2751,593,000
2021-02-04$11.39$10.8078.0%21.8%62.1%11.8%78.4%3.7%-1.5%9.7M-834.9M-3.8M0.1223.29515,57561,1001,547,6751,603,750
2021-02-05$11.52$10.8077.0%21.5%58.6%11.1%78.5%5.4%-2.1%12.2M-882.8M-3.9M1.0121.3070,12571,1751,564,5501,631,950
2021-02-08$11.46$10.8077.3%21.6%57.4%11.3%79.8%9.0%-1.0%8.7M-813.0M-3.7M1.6022.9657,95092,5501,492,6251,530,050
2021-02-09$11.75$10.8078.0%22.2%57.5%11.7%78.4%4.3%-0.7%11.0M-906.6M-3.8M0.6428.0084,07553,5001,516,9501,590,600
2021-02-10$11.80$10.8078.7%22.6%54.5%12.2%79.7%3.2%-0.4%11.5M-919.6M-3.8M1.3028.4437,32548,4751,545,0251,607,150
2021-02-11$11.74$10.8079.7%22.5%54.5%12.9%79.6%6.2%-1.7%11.4M-902.2M-3.8M1.4029.9835,95050,3251,554,7751,626,900
2021-02-12$11.83$10.8079.2%22.2%53.8%12.5%79.4%3.9%-2.8%19.0M-942.2M-3.7M0.7229.41100,22572,6501,564,2251,629,700
2021-02-16$11.93$11.2080.7%23.0%52.1%13.5%81.2%6.2%-3.0%10.0M-954.4M-3.6M1.2536.1765,25081,6751,488,8751,576,375
2021-02-17$11.92$11.2079.2%22.7%50.4%12.5%80.7%6.8%-0.3%9.2M-950.2M-3.5M1.3137.3039,65051,8751,504,8001,609,125
2021-02-18$11.93$11.2079.7%22.9%49.2%12.9%82.9%3.7%-1.1%9.6M-953.1M-3.5M1.1833.4746,70054,9751,516,2501,630,150
2021-02-19$12.34$11.2079.5%23.0%50.2%12.7%82.4%3.9%-1.8%5.9M-1.09B-3.5M1.1135.73106,750118,4501,519,9001,645,075
2021-02-22$11.25$11.2083.6%24.9%61.2%15.4%88.8%4.6%-2.7%2.3M-583.0M-3.5M1.0427.6684,02587,1501,130,800948,800
2021-02-23$11.27$10.8084.6%24.9%61.2%15.9%89.0%4.4%-3.4%2.6M-595.3M-3.5M2.7128.8040,950110,9501,174,175993,000
2021-02-24$11.39$10.8085.1%25.2%59.2%16.3%89.1%4.2%-4.0%3.1M-634.2M-3.5M0.8733.1527,02523,5001,187,525999,325
2021-02-25$10.53$10.8083.3%26.1%59.0%15.1%91.5%4.3%2.6%1.3M-441.6M-3.4M0.9942.73128,650127,0001,191,8251,009,650
2021-02-26$11.43$10.8065.8%20.0%60.3%4.0%71.9%-0.1%-0.1%10.2M-697.0M-3.4M1.7344.65261,950452,4501,282,3251,081,275