CVNA Options History — June 2021

In June 2021, CVNA traded between $10.60 and $12.57. ATM implied volatility averaged 46.7%, placing in the 3.0% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 3.4% (HV 20d: 43.3%). Max pain ranged from $10.00 to $10.80. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 1.50.

Notable Days

2021-06-22: Highest Volume — 583,900 contracts
2021-06-03: Largest IV drop — 5.3% change
2021-06-01: Highest IV Rank — 9.6%
2021-06-03: Largest Expected Move — 14.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.50	$10.60	$12.57	$10.98	$12.09
Max Pain	$10.55	$10.00	$10.80	$10.00	$10.80
ATM IV	46.7%	43.9%	52.3%	52.3%	47.6%
Expected Move	13.3%	12.3%	14.9%	14.5%	12.6%
HV 20d	43.3%	34.7%	58.2%	57.9%	37.4%
HV 60d	50.2%	47.3%	56.7%	56.7%	47.4%
IV Rank	3.0%	0.0%	9.6%	9.6%	6.7%
IV Percentile	2.0%	0.0%	7.1%	3.2%	7.1%
Term Structure	0.7%	-4.6%	6.7%	-3.0%	6.7%
VWIV	46.3%	43.1%	52.6%	50.4%	44.0%
Skew 25d	1.2%	-0.6%	3.9%	3.9%	0.2%
Skew 10d	3.0%	-1.1%	7.7%	7.7%	7.5%
Call IV 25d	45.9%	42.7%	52.8%	49.0%	46.6%
Put IV 25d	47.1%	42.6%	52.9%	52.9%	46.9%
Bid-Ask Spread %	53.55	39.88	70.27	53.47	41.71
Gamma HHI	0.09	0.06	0.16	0.10	0.06
Net GEX	20.8M	12.5M	39.0M	13.9M	18.2M
Net DEX	-1.10B	-1.47B	-731.9M	-851.4M	-1.20B
Net VEX	-5.4M	-7.0M	-4.2M	-4.2M	-6.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.50	0.28	8.21	0.85	1.14
Total Volume	273,211.364	50,625	583,900	134,250	186,675
Total OI	3,748,367.045	2,987,900	4,457,200	2,987,900	4,356,550

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2021-06-01	$10.98	$10.00	52.3%	14.5%	57.9%	9.6%	50.4%	3.9%	-3.0%	13.9M	-851.4M	-4.2M	0.85	53.47	72,550	61,700	1,622,775	1,365,125
2021-06-02	$11.16	$10.00	49.8%	14.8%	58.2%	5.0%	51.5%	-0.1%	-1.1%	16.0M	-948.9M	-4.2M	0.36	56.26	150,150	53,800	1,660,325	1,395,250
2021-06-03	$11.00	$10.40	47.1%	14.9%	57.9%	0.0%	52.6%	-0.6%	-1.4%	17.0M	-905.0M	-4.4M	0.41	60.41	94,950	38,800	1,770,300	1,417,275
2021-06-04	$11.15	$10.40	49.0%	14.5%	52.5%	3.6%	52.2%	2.9%	-4.6%	22.9M	-1.00B	-4.4M	0.87	59.45	27,100	23,525	1,820,200	1,421,125
2021-06-07	$11.22	$10.40	49.2%	13.7%	47.7%	3.9%	47.0%	3.8%	-2.4%	20.7M	-1.01B	-4.2M	0.59	54.15	54,900	32,475	1,778,100	1,391,975
2021-06-08	$11.10	$10.40	47.0%	13.6%	46.6%	0.0%	47.5%	3.6%	1.5%	20.3M	-967.3M	-4.3M	0.63	57.43	47,150	29,800	1,809,950	1,412,300
2021-06-09	$10.60	$10.40	46.7%	13.9%	49.8%	0.0%	48.4%	0.1%	0.6%	12.5M	-731.9M	-4.2M	0.48	58.38	91,850	44,475	1,820,600	1,425,225
2021-06-10	$10.66	$10.40	44.9%	13.0%	43.6%	0.0%	45.4%	2.8%	0.3%	14.0M	-762.1M	-4.2M	0.80	58.29	296,000	236,100	1,845,500	1,450,400
2021-06-11	$10.96	$10.40	44.4%	12.7%	44.0%	0.0%	43.9%	-0.3%	0.2%	22.3M	-1.00B	-5.0M	0.71	59.56	71,975	50,800	2,051,600	1,653,750
2021-06-14	$11.17	$10.40	44.8%	12.8%	41.3%	0.7%	44.7%	0.8%	0.4%	27.9M	-1.10B	-4.9M	0.28	61.77	229,000	64,925	2,029,250	1,633,675
2021-06-15	$10.89	$10.40	45.0%	12.9%	38.0%	1.2%	44.7%	0.5%	1.6%	21.5M	-960.9M	-4.9M	8.21	60.41	61,350	503,575	2,146,100	1,665,525
2021-06-16	$11.20	$10.40	45.9%	13.1%	38.5%	2.7%	45.3%	-0.1%	-0.6%	26.7M	-1.07B	-5.6M	0.85	70.27	124,800	105,750	2,172,850	1,850,000
2021-06-17	$11.60	$10.80	43.9%	12.5%	39.1%	0.0%	43.1%	-0.0%	0.9%	39.0M	-1.32B	-5.6M	0.79	65.34	211,225	167,200	2,236,425	1,928,725
2021-06-18	$11.74	$10.80	44.6%	12.8%	34.9%	1.3%	44.2%	0.8%	-1.0%	27.8M	-1.45B	-5.8M	0.94	62.45	105,300	98,725	2,343,400	2,054,175
2021-06-21	$11.87	$10.80	44.5%	12.7%	34.7%	1.1%	44.8%	1.2%	1.1%	19.6M	-1.19B	-5.9M	7.17	44.63	58,800	421,775	2,003,625	1,520,000
2021-06-22	$12.54	$10.80	46.8%	13.2%	37.7%	5.3%	46.3%	2.2%	-0.3%	21.2M	-1.45B	-6.4M	0.39	42.95	420,975	162,925	2,047,900	1,890,825
2021-06-23	$12.57	$10.80	46.4%	13.2%	37.4%	4.5%	44.7%	1.1%	2.2%	22.4M	-1.47B	-6.7M	1.47	43.97	225,875	332,300	2,200,775	1,947,950
2021-06-24	$12.21	$10.80	47.1%	12.9%	39.7%	5.7%	45.7%	0.1%	0.5%	20.3M	-1.27B	-7.0M	0.77	43.22	180,050	138,825	2,262,875	2,050,325
2021-06-25	$12.09	$10.80	45.8%	12.3%	39.1%	3.4%	43.3%	1.7%	1.2%	16.7M	-1.19B	-7.0M	1.71	43.12	71,475	122,450	2,335,150	2,122,050
2021-06-28	$12.20	$10.80	47.5%	13.0%	38.7%	6.6%	46.0%	2.2%	6.1%	19.1M	-1.24B	-6.9M	0.81	41.06	61,900	50,400	2,216,100	2,040,450
2021-06-29	$12.13	$10.80	47.0%	12.5%	37.5%	5.7%	44.2%	0.4%	6.3%	18.1M	-1.20B	-6.9M	2.70	39.88	115,200	311,075	2,243,050	2,054,550
2021-06-30	$12.09	$10.80	47.6%	12.6%	37.4%	6.7%	44.0%	0.2%	6.7%	18.2M	-1.20B	-6.8M	1.14	41.71	87,200	99,475	2,271,450	2,085,100