CVNA Options History — April 2021

In April 2021, CVNA traded between $10.54 and $11.80. ATM implied volatility averaged 61.7%, placing in the 4.8% IV rank vs the trailing year. The 30-day expected move averaged 17.7%. IV traded above realized volatility by 9.5% (HV 20d: 52.1%). Max pain ranged from $9.60 to $10.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 2.27.

Notable Days

  • 2021-04-20: Highest Volume — 407,875 contracts
  • 2021-04-12: Largest IV drop — 9.8% change
  • 2021-04-20: Highest IV Rank — 9.8%
  • 2021-04-30: Largest Expected Move — 18.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.05$10.54$11.80$10.60$11.40
Max Pain$9.64$9.60$10.50$10.50$9.60
ATM IV61.7%58.1%67.3%59.3%58.3%
Expected Move17.7%15.8%18.6%15.8%18.6%
HV 20d52.1%41.8%67.0%67.0%47.2%
HV 60d66.1%63.7%67.8%67.8%63.7%
IV Rank4.8%0.0%9.8%0.3%0.3%
IV Percentile8.1%0.0%33.3%0.4%0.4%
Term Structure-1.4%-5.9%5.1%5.1%-3.3%
VWIV61.1%55.3%64.6%55.3%63.7%
Skew 25d3.8%-0.3%12.2%5.1%4.3%
Skew 10d5.7%-5.9%13.3%3.4%-5.9%
Call IV 25d58.7%54.5%62.0%54.5%56.2%
Put IV 25d62.5%59.2%70.3%59.7%60.5%
Bid-Ask Spread %58.8246.6772.2252.5055.36
Gamma HHI0.070.040.110.100.08
Net GEX4.9M-1.7M9.0M5.1M2.9M
Net DEX-582.2M-798.4M-373.7M-511.3M-645.4M
Net VEX-2.8M-3.0M-2.7M-2.9M-2.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.270.398.832.020.86
Total Volume148,37529,100407,875105,125111,175
Total OI2,672,723.812,168,8753,106,6252,446,4003,106,625

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-04-01$10.60$10.5059.3%15.8%67.0%0.3%55.3%5.1%5.1%5.1M-511.3M-2.9M2.0252.5034,85070,2751,326,0501,120,350
2021-04-05$10.70$9.6064.8%18.5%65.4%5.1%63.8%8.3%-2.4%5.6M-525.7M-2.8M1.8455.9210,25018,8501,195,825973,050
2021-04-06$11.10$9.6062.8%17.9%61.0%3.6%63.0%4.8%-0.9%7.0M-635.8M-2.7M5.1463.4240,550208,5751,204,825994,650
2021-04-07$10.73$9.6062.1%17.9%57.6%3.2%62.9%-0.0%3.2%4.4M-511.7M-2.8M2.5669.2016,97543,5001,225,4001,170,975
2021-04-08$10.87$9.6062.7%17.2%57.7%3.9%60.3%5.4%-2.8%5.7M-553.7M-2.8M1.3263.1224,22532,0251,231,7501,195,900
2021-04-09$10.83$9.6067.3%17.6%53.2%9.6%60.2%12.2%-5.9%5.3M-540.7M-2.7M1.0364.0633,02533,9001,236,6751,190,775
2021-04-12$10.79$9.6060.7%16.8%51.1%2.1%59.1%3.6%-1.3%4.9M-518.7M-2.7M5.4970.0345,900251,8001,202,3501,143,600
2021-04-13$11.11$9.6060.9%17.1%52.3%2.6%57.9%5.5%0.1%5.4M-593.0M-2.8M1.6960.00133,300224,8001,227,4001,349,800
2021-04-14$10.81$9.6062.5%17.1%53.1%4.8%59.5%4.6%-2.6%3.9M-528.4M-2.8M1.7772.2230,87554,6001,276,1251,367,250
2021-04-15$11.34$9.6060.1%17.1%56.1%1.6%56.4%1.5%1.3%8.9M-696.9M-2.7M1.5069.7942,17563,4001,277,8501,394,175
2021-04-16$10.96$9.6058.1%16.5%48.6%0.0%56.7%3.3%-0.4%4.3M-571.4M-2.8M0.8265.4742,92535,1001,293,4751,414,825
2021-04-19$11.02$9.6061.8%17.5%47.7%6.6%60.4%2.7%-1.1%3.7M-570.4M-2.7M2.2252.3819,82544,0751,185,8001,284,400
2021-04-20$10.54$9.6063.5%18.2%50.0%9.8%62.0%2.9%-2.9%2.0M-422.4M-2.8M8.8353.3341,475366,4001,195,4251,296,025
2021-04-21$10.74$9.6060.6%17.4%50.6%4.5%60.5%3.4%-1.3%63.4K-446.3M-3.0M0.9756.80103,775100,5251,211,7751,624,375
2021-04-22$10.56$9.6063.2%18.3%41.8%9.4%63.8%3.1%-4.5%-1.7M-373.7M-3.0M3.7755.2525,00094,1751,291,9251,705,500
2021-04-23$11.03$9.6060.8%17.6%44.2%5.8%61.9%4.4%-0.5%3.5M-545.2M-3.0M2.7153.6142,250114,3751,297,8751,753,575
2021-04-26$11.76$9.6062.5%18.5%49.1%9.4%64.6%3.3%-3.3%9.0M-781.0M-2.8M0.9750.24129,475126,1251,268,3251,706,450
2021-04-27$11.80$9.6060.9%18.2%47.3%5.9%64.2%0.8%-0.2%8.0M-798.4M-2.7M1.0746.6754,40058,2251,279,4001,744,375
2021-04-28$11.76$9.6062.3%18.5%46.8%9.2%63.7%1.9%-3.4%8.5M-769.1M-2.7M0.3951.6262,70024,7251,291,5001,768,550
2021-04-29$11.49$9.6059.7%18.4%47.0%3.5%63.6%-0.3%-3.0%6.1M-686.1M-2.8M0.6654.1663,27542,0251,327,2001,775,025
2021-04-30$11.40$9.6058.3%18.6%47.2%0.3%63.7%4.3%-3.3%2.9M-645.4M-2.8M0.8655.3659,70051,4751,322,0251,784,600