CVNA Options History — April 2022

In April 2022, CVNA traded between $2.34 and $5.31. ATM implied volatility averaged 104.7%, placing in the 86.5% IV rank vs the trailing year. The 30-day expected move averaged 29.9%. IV traded below realized volatility by 2.1% (HV 20d: 106.9%). Max pain ranged from $4.20 to $6.20. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.41.

Notable Days

  • 2022-04-21: Highest Volume — 3,612,975 contracts
  • 2022-04-21: Largest IV drop — 13.0% change
  • 2022-04-20: Highest IV Rank — 100.0%
  • 2022-04-29: Largest Expected Move — 38.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.83$2.34$5.31$4.73$2.34
Max Pain$5.69$4.20$6.20$6.20$4.20
ATM IV104.7%86.3%128.1%87.3%127.5%
Expected Move29.9%24.6%38.3%25.7%38.3%
HV 20d106.9%92.6%122.6%108.1%95.1%
HV 60d113.8%109.4%117.2%112.6%112.2%
IV Rank86.5%65.9%100.0%67.1%99.3%
IV Percentile92.3%84.9%100.0%85.7%99.6%
Term Structure-2.2%-8.5%12.2%12.2%-6.2%
VWIV104.7%87.7%130.0%92.0%130.0%
Skew 25d12.9%8.8%22.1%8.8%18.7%
Skew 10d26.5%20.3%41.9%20.5%41.9%
Call IV 25d98.6%80.6%121.1%80.6%121.1%
Put IV 25d111.5%89.4%139.9%89.4%139.9%
Bid-Ask Spread %34.3511.8953.7444.3424.28
Gamma HHI0.110.050.430.100.43
Net GEX-5.3M-10.7M1.6M-6.7M-10.7M
Net DEX304.7M61.1M560.5M255.0M560.5M
Net VEX-1.3M-1.7M-1.0M-1.5M-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.410.294.950.941.51
Total Volume1,443,230493,9753,612,975664,0751,664,175
Total OI4,396,7903,191,1756,994,0003,802,5506,994,000

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-04-01$4.73$6.2087.3%25.7%108.1%67.1%92.0%8.8%12.2%-6.7M255.0M-1.5M0.9444.34341,425322,6501,836,8001,965,750
2022-04-04$5.31$6.2086.3%24.6%114.8%65.9%87.7%12.1%-1.8%1.6M61.1M-1.7M0.9347.37255,500238,4751,708,7001,746,375
2022-04-05$4.76$6.2096.3%26.2%122.6%78.9%95.1%11.3%-3.0%-3.6M208.9M-1.5M1.6148.85229,150368,1001,781,0751,859,725
2022-04-06$4.54$6.2099.4%27.4%118.7%82.9%97.8%12.2%-1.3%-5.4M271.3M-1.4M0.8549.36443,850376,0001,856,0501,942,375
2022-04-07$4.48$6.00100.2%27.7%118.4%83.9%97.8%13.2%0.3%-4.7M261.8M-1.4M1.5550.86198,175306,6002,028,8751,996,775
2022-04-08$4.31$6.0098.5%27.1%119.2%81.7%96.0%11.8%-0.4%-5.4M305.0M-1.4M1.1149.56261,675289,8002,050,4752,103,175
2022-04-11$4.23$6.00100.0%28.1%116.0%83.6%98.5%10.3%-2.4%-5.3M269.3M-1.3M0.3948.69786,950304,8751,705,2001,826,150
2022-04-12$4.05$6.00101.5%28.7%105.2%85.6%100.5%12.0%-2.4%-4.6M296.6M-1.3M0.5447.88663,475358,6501,973,8251,848,225
2022-04-13$4.21$6.0098.0%27.7%103.7%81.0%95.3%12.5%-1.3%-4.5M266.6M-1.3M0.2950.75808,150232,7501,972,3501,911,825
2022-04-14$4.07$5.80101.0%28.7%102.0%84.9%99.4%11.6%2.1%-3.1M277.8M-1.3M0.6753.74576,700385,8252,199,0751,944,550
2022-04-18$3.86$5.80108.6%30.7%100.3%94.8%105.9%10.8%-4.7%-1.7M218.5M-1.2M0.8411.89679,175567,6751,688,7751,502,400
2022-04-19$4.06$6.00103.3%29.5%103.3%88.0%102.8%10.7%-4.3%-1.5M177.2M-1.5M1.1612.98286,875334,1251,910,1001,771,750
2022-04-20$3.73$5.80113.1%32.4%104.2%100.0%111.3%14.1%-4.8%-2.5M245.0M-1.3M2.2540.22742,4251,673,4751,968,7251,899,200
2022-04-21$3.34$5.8098.4%28.3%108.5%81.0%101.8%10.3%-2.4%-10.3M407.0M-1.1M2.1019.141,165,4752,447,5002,418,6002,650,225
2022-04-22$3.35$5.60101.8%29.1%106.5%85.4%101.5%10.8%-0.0%-10.1M380.1M-1.2M0.9214.791,444,7251,328,9752,651,9753,016,600
2022-04-25$3.24$5.60105.7%30.7%97.3%90.5%109.4%11.6%-5.1%-5.2M310.6M-1.2M1.4013.44536,875750,6001,975,8502,305,975
2022-04-26$2.83$5.60115.3%33.7%104.7%100.0%112.9%13.7%-8.5%-4.9M380.0M-1.0M2.7115.28649,0001,760,7252,109,5752,497,150
2022-04-27$2.65$4.40128.1%36.8%95.6%100.0%130.0%22.1%-5.7%-8.7M470.1M-1.0M4.9524.18549,9502,724,1752,396,8003,444,625
2022-04-28$2.57$4.40124.7%36.1%92.6%96.3%128.4%19.9%-4.3%-8.9M472.5M-1.1M1.4119.48751,4751,058,4252,668,5253,807,600
2022-04-29$2.34$4.20127.5%38.3%95.1%99.3%130.0%18.7%-6.2%-10.7M560.5M-1.0M1.5124.28663,5751,000,6003,019,6753,974,325