CVNA Options History — November 2021

In November 2021, CVNA traded between $11.30 and $12.10. ATM implied volatility averaged 41.5%, placing in the 8.7% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 16.6% (HV 20d: 24.9%). Max pain ranged from $10.80 to $11.20. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.25.

Notable Days

  • 2021-11-11: Highest Volume — 888,125 contracts
  • 2021-11-05: Largest IV drop — 23.0% change
  • 2021-11-02: Highest IV Rank — 28.2%
  • 2021-11-02: Largest Expected Move — 17.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.73$11.30$12.10$12.10$11.33
Max Pain$11.14$10.80$11.20$10.80$11.20
ATM IV41.5%35.5%55.1%48.4%43.3%
Expected Move12.1%10.3%17.8%16.5%12.2%
HV 20d24.9%20.7%28.8%22.8%27.7%
HV 60d25.8%24.8%27.1%27.1%26.0%
IV Rank8.7%0.0%28.2%17.4%11.9%
IV Percentile11.6%0.0%41.7%24.6%19.0%
Term Structure0.2%-4.7%5.6%-1.9%5.4%
VWIV44.6%37.4%68.2%60.9%45.1%
Skew 25d2.8%-0.6%5.8%4.0%3.6%
Skew 10d4.8%0.8%12.7%2.1%12.0%
Call IV 25d42.0%36.0%56.7%49.0%43.7%
Put IV 25d44.7%38.2%56.7%53.0%47.3%
Bid-Ask Spread %53.1934.5068.7044.3057.78
Gamma HHI0.100.060.170.070.13
Net GEX-7.1M-34.1M14.7M14.7M-28.5M
Net DEX-545.9M-989.4M113.0M-967.1M90.7M
Net VEX-3.6M-3.9M-3.1M-3.8M-3.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.250.593.260.761.22
Total Volume434,739.286265,025888,125390,450360,175
Total OI5,265,427.3814,096,5756,375,4504,712,9504,444,125

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-11-01$12.10$10.8048.4%16.5%22.8%17.4%60.9%4.0%-1.9%14.7M-967.1M-3.8M0.7644.30221,800168,6501,962,7502,750,200
2021-11-02$12.02$10.8055.1%17.8%20.8%28.2%68.2%0.1%-3.9%12.2M-908.3M-3.9M0.5934.50297,500176,2752,038,1252,801,050
2021-11-03$12.07$10.8052.6%17.0%20.8%24.1%62.3%1.3%-2.7%14.0M-986.3M-3.8M0.7142.79181,475128,7252,190,0002,861,450
2021-11-04$12.00$11.2049.3%13.8%21.0%18.9%50.5%-0.6%-4.7%13.7M-939.6M-3.8M1.6745.04234,625392,8502,234,6002,884,350
2021-11-05$11.96$11.2038.0%12.4%20.7%0.8%46.0%1.9%1.3%12.2M-901.5M-3.6M0.9160.30373,000338,3002,324,0753,106,800
2021-11-08$11.71$11.2035.5%11.7%22.3%0.0%42.1%1.3%5.6%8.3M-715.0M-3.5M0.8444.76201,325169,7002,110,6502,949,150
2021-11-09$11.82$11.2039.4%11.8%22.4%5.9%43.2%5.8%2.4%8.7M-785.4M-3.5M1.8353.47201,800369,6752,144,8252,980,425
2021-11-10$11.46$11.2040.9%11.5%25.4%8.3%41.9%3.7%-0.7%-5.5M-441.2M-3.7M3.2659.04204,025665,3502,207,3503,229,450
2021-11-11$11.46$11.2040.2%10.9%25.3%7.1%39.3%5.2%-2.8%-19.7M-346.5M-3.9M3.0556.73219,400668,7252,239,1503,697,475
2021-11-12$11.76$11.2039.0%11.0%26.7%5.4%40.5%3.6%-1.2%-14.9M-633.8M-3.9M0.9655.50220,775211,8752,266,5254,097,225
2021-11-15$11.93$11.2038.9%11.2%27.0%5.2%42.7%2.7%1.8%-5.2M-820.4M-3.7M1.0753.79207,350222,5252,204,0004,033,800
2021-11-16$12.04$11.2035.9%10.3%27.1%0.6%39.9%2.2%1.4%4.6M-989.4M-3.4M1.3955.49114,925159,3752,250,4004,059,200
2021-11-17$11.72$11.2036.0%10.3%28.8%0.7%37.4%2.2%1.7%-14.6M-631.8M-3.6M0.9759.99134,575130,4502,255,9504,066,700
2021-11-18$11.53$11.2037.8%10.8%25.1%3.4%40.3%1.9%1.3%-29.6M-467.3M-3.6M1.0452.77139,850146,1502,280,9504,083,275
2021-11-19$11.68$11.2037.2%10.6%25.3%2.6%39.7%2.9%-0.5%-8.0M-609.0M-3.4M1.0668.70151,075159,9002,284,3004,091,150
2021-11-22$11.41$11.2038.6%10.6%25.9%4.8%38.1%5.7%0.2%-30.8M44.8M-3.3M1.1453.11166,600190,2501,107,3752,989,200
2021-11-23$11.30$11.2039.7%11.0%26.1%6.4%39.2%3.2%-0.3%-34.1M113.0M-3.4M1.2251.14140,950171,6751,190,5503,055,525
2021-11-24$11.60$11.2041.1%10.5%27.9%8.6%38.1%2.8%-1.4%-22.8M-121.2M-3.3M0.6450.68210,725135,7501,230,5753,103,475
2021-11-26$11.68$11.2044.8%11.9%27.7%14.4%41.2%1.5%1.3%-15.0M-210.5M-3.2M0.8659.30144,900124,9501,310,3503,118,550
2021-11-29$11.68$11.2040.3%10.6%25.8%7.3%39.4%3.0%1.5%-9.6M-238.7M-3.1M1.0257.93134,400137,1251,252,0253,086,875
2021-11-30$11.33$11.2043.3%12.2%27.7%11.9%45.1%3.6%5.4%-28.5M90.7M-3.2M1.2257.78162,150198,0251,299,8253,144,300