CVNA Options History — January 2022

In January 2022, CVNA traded between $5.48 and $9.51. ATM implied volatility averaged 82.7%, placing in the 68.2% IV rank vs the trailing year. The 30-day expected move averaged 23.1%. IV traded below realized volatility by 11.1% (HV 20d: 93.8%). Max pain ranged from $7.00 to $10.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.82.

Notable Days

  • 2022-01-14: Highest Volume — 1,629,925 contracts
  • 2022-01-05: Largest IV spike — 22.4% change
  • 2022-01-24: Highest IV Rank — 100.0%
  • 2022-01-26: Largest Expected Move — 33.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.82$5.48$9.51$9.51$6.40
Max Pain$8.19$7.00$10.00$10.00$7.00
ATM IV82.7%51.0%112.6%51.0%99.6%
Expected Move23.1%13.7%33.6%13.7%26.0%
HV 20d93.8%69.7%109.4%88.8%109.4%
HV 60d67.6%55.3%82.4%55.3%82.4%
IV Rank68.2%24.0%100.0%24.0%83.2%
IV Percentile88.3%40.9%100.0%40.9%98.0%
Term Structure1.3%-5.7%10.5%1.1%0.2%
VWIV81.3%49.8%104.9%49.8%90.9%
Skew 25d14.9%7.3%26.9%7.3%13.8%
Skew 10d31.0%17.6%63.6%17.6%35.5%
Call IV 25d78.3%49.7%111.1%49.7%95.0%
Put IV 25d93.1%56.9%129.4%56.9%108.8%
Bid-Ask Spread %49.8435.5357.7436.8745.26
Gamma HHI0.110.060.210.130.09
Net GEX-1.6M-12.2M9.6M9.3M9.6M
Net DEX539.9M28.1M925.2M28.1M210.0M
Net VEX-3.4M-4.1M-2.8M-3.6M-4.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.191.721.320.70
Total Volume742,877.5198,7251,629,925198,725648,750
Total OI6,443,1854,582,1258,658,4254,582,1256,895,225

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-01-03$9.51$10.0051.0%13.7%88.8%24.0%49.8%7.3%1.1%9.3M28.1M-3.6M1.3236.8785,700113,0252,224,6002,357,525
2022-01-04$8.81$10.0055.8%15.4%91.8%31.4%56.0%10.5%-0.1%-2.2M314.6M-3.2M1.2253.13223,750272,7252,235,1002,368,050
2022-01-05$8.00$10.0068.3%19.2%96.9%50.8%66.7%11.8%-3.3%-10.3M558.3M-3.0M0.9156.88462,025421,4252,259,7502,482,975
2022-01-06$7.60$9.6064.4%18.6%97.2%44.7%64.7%13.5%1.9%-12.2M670.2M-3.2M0.3851.55641,975245,1752,477,6752,658,625
2022-01-07$7.43$8.8068.0%18.6%96.8%50.3%66.2%14.2%0.7%-11.3M684.5M-3.2M0.6349.30295,375187,4252,858,5002,709,650
2022-01-10$7.20$8.8070.3%19.8%96.6%53.8%74.4%16.7%-0.6%-9.9M712.4M-3.0M1.4955.42264,250394,2002,864,0252,663,575
2022-01-11$7.49$8.4068.0%19.2%98.8%50.3%69.3%10.6%-1.3%-9.2M633.0M-3.3M0.8645.98280,850241,8002,974,7002,804,400
2022-01-12$7.10$8.4068.0%19.8%96.3%50.2%76.4%13.5%3.0%-10.3M747.4M-3.1M1.7255.25215,900370,5253,134,3752,887,750
2022-01-13$6.52$8.4077.7%21.0%97.2%65.3%76.6%8.8%-5.3%-11.5M899.7M-2.9M0.6952.00445,450307,8753,156,8003,061,900
2022-01-14$6.23$8.0083.1%22.8%90.4%73.7%81.8%14.8%-5.7%-9.4M925.2M-2.8M0.3548.921,208,975420,9503,450,6003,138,500
2022-01-18$6.51$7.8081.0%23.2%82.7%70.5%91.5%13.5%6.6%-425.4K556.2M-3.9M0.7846.97305,925239,0504,357,3753,149,100
2022-01-19$6.40$7.8077.2%22.1%79.6%64.6%74.8%12.6%9.4%-1.4M629.6M-3.6M0.1949.331,132,450211,7754,479,5253,189,250
2022-01-20$6.34$7.6078.9%22.1%69.7%67.3%78.1%13.9%10.5%2.5M583.7M-3.8M0.5354.22583,175307,4005,099,9503,202,675
2022-01-21$5.48$7.4096.1%27.3%79.1%93.8%95.2%17.7%2.9%-1.8M870.5M-2.8M0.9357.74509,575472,8505,355,9253,302,500
2022-01-24$6.37$7.40104.5%29.4%100.2%100.0%104.1%24.4%2.3%9.4M150.0M-4.1M0.9652.34296,750285,4254,236,8752,229,300
2022-01-25$5.95$7.40111.8%31.4%101.3%100.0%102.7%19.8%2.9%7.4M309.1M-3.7M0.4050.45560,075223,6004,432,5002,301,175
2022-01-26$5.67$7.00112.6%33.6%101.0%100.0%104.9%23.7%2.1%6.8M380.4M-3.3M0.3251.33652,050207,9504,713,1252,328,025
2022-01-27$5.60$7.00111.9%30.8%100.9%99.1%103.3%26.9%0.3%5.8M494.6M-3.1M1.0748.33280,650300,1504,962,2252,405,025
2022-01-28$5.82$7.00105.2%29.0%101.2%90.4%99.0%9.1%-1.9%6.6M440.5M-3.4M0.8935.53285,625254,9505,016,6252,438,225
2022-01-31$6.40$7.0099.6%26.0%109.4%83.2%90.9%13.8%0.2%9.6M210.0M-4.0M0.7045.26382,225266,5254,550,8752,344,350