CVNA Options History — June 2022

In June 2022, CVNA traded between $0.83 and $1.25. ATM implied volatility averaged 138.3%, placing in the 61.2% IV rank vs the trailing year. The 30-day expected move averaged 39.5%. IV traded below realized volatility by 25.3% (HV 20d: 163.5%). Max pain ranged from $1.10 to $1.48. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.74.

Notable Days

2022-06-24: Highest Volume — 2,168,375 contracts
2022-06-13: Largest IV spike — 11.2% change
2022-06-30: Highest IV Rank — 70.8%
2022-06-29: Largest Expected Move — 44.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.00	$0.83	$1.25	$1.05	$0.91
Max Pain	$1.21	$1.10	$1.48	$1.48	$1.10
ATM IV	138.3%	124.3%	154.5%	141.9%	154.5%
Expected Move	39.5%	36.4%	44.6%	44.0%	44.2%
HV 20d	163.5%	139.7%	192.7%	185.6%	158.1%
HV 60d	141.7%	133.3%	150.5%	137.5%	147.6%
IV Rank	61.2%	52.9%	70.8%	63.3%	70.8%
IV Percentile	92.1%	88.1%	97.2%	93.7%	97.2%
Term Structure	0.2%	-4.6%	9.8%	-3.4%	4.3%
VWIV	140.2%	129.6%	157.9%	157.9%	156.0%
Skew 25d	11.0%	5.9%	22.5%	12.3%	14.3%
Skew 10d	26.2%	16.0%	56.3%	20.3%	44.6%
Call IV 25d	135.4%	124.5%	153.0%	137.3%	153.0%
Put IV 25d	146.3%	131.7%	167.6%	149.7%	167.3%
Bid-Ask Spread %	23.30	13.28	36.29	25.13	13.28
Gamma HHI	0.07	0.05	0.10	0.07	0.05
Net GEX	102.7K	-846.0K	1.8M	-702.0K	-497.6K
Net DEX	60.6M	-119.0M	127.9M	123.5M	70.9M
Net VEX	-782.8K	-1.2M	-568.0K	-656.8K	-930.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.74	0.25	1.50	0.79	0.86
Total Volume	1,431,057.143	796,350	2,168,375	1,221,900	1,021,200
Total OI	7,668,736.905	5,629,925	9,169,600	6,578,550	9,169,600

Daily Data (21 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
2022-06-01	$1.05	$1.48	141.9%	44.0%	185.6%	63.3%	157.9%	12.3%	-3.4%	-702.0K	123.5M	-656.8K	0.79	25.13	681,175	540,725	3,515,125	3,063,425
2022-06-02	$1.19	$1.40	134.3%	36.4%	192.7%	58.8%	129.6%	9.2%	-4.6%	-192.8K	87.2M	-777.5K	0.82	14.78	607,025	497,850	3,736,350	3,204,375
2022-06-03	$1.06	$1.40	140.8%	38.7%	184.6%	62.7%	137.6%	7.6%	-2.4%	-846.0K	127.9M	-678.1K	0.57	18.71	996,600	563,550	3,877,150	3,363,525
2022-06-06	$0.99	$1.40	135.8%	38.5%	184.9%	59.7%	134.9%	6.9%	-2.2%	-416.1K	117.9M	-637.9K	0.86	23.18	648,325	555,850	3,708,375	3,120,575
2022-06-07	$1.00	$1.40	124.3%	37.2%	178.2%	52.9%	130.6%	5.9%	9.8%	-255.0K	112.8M	-645.8K	0.51	28.24	1,014,125	521,550	4,054,400	3,183,900
2022-06-08	$1.01	$1.30	125.0%	36.6%	177.7%	53.2%	131.3%	6.9%	3.4%	437.6K	85.6M	-688.7K	0.55	29.34	745,000	411,475	4,675,000	3,239,000
2022-06-09	$0.92	$1.30	129.5%	37.8%	167.2%	55.9%	131.5%	10.1%	4.1%	-208.9K	116.8M	-615.1K	0.83	26.07	685,225	565,900	4,891,600	3,318,425
2022-06-10	$0.89	$1.30	130.9%	38.6%	140.4%	56.8%	134.4%	10.3%	0.4%	-12.3K	121.2M	-613.7K	1.17	24.64	517,975	604,275	5,202,900	3,406,800
2022-06-13	$0.84	$1.20	145.5%	41.9%	140.1%	65.5%	144.4%	13.2%	1.0%	-115.0K	104.3M	-569.3K	0.78	31.07	707,075	552,325	4,456,375	3,080,325
2022-06-14	$0.83	$1.20	140.9%	40.5%	139.7%	62.7%	145.3%	10.6%	1.1%	24.9K	97.5M	-568.0K	0.96	27.64	407,100	389,250	4,855,600	3,226,275
2022-06-15	$0.99	$1.10	135.5%	38.8%	153.1%	59.5%	139.5%	13.7%	-2.6%	1.1M	34.4M	-695.0K	0.68	36.29	1,119,200	761,675	4,958,950	3,302,000
2022-06-16	$0.85	$1.10	146.0%	41.7%	152.0%	65.7%	146.3%	12.1%	3.4%	14.3K	97.1M	-589.7K	0.54	34.84	1,083,775	580,275	5,001,325	3,482,325
2022-06-17	$0.96	$1.10	139.9%	39.8%	160.6%	62.1%	146.0%	9.8%	3.5%	-54.8K	43.1M	-686.4K	0.43	31.40	1,114,500	478,125	5,197,325	3,537,775
2022-06-21	$1.00	$1.10	134.2%	38.3%	161.9%	58.8%	135.0%	10.2%	-1.2%	81.6K	21.6M	-826.2K	0.81	17.53	547,725	444,550	2,841,300	2,788,625
2022-06-22	$1.00	$1.10	139.1%	37.7%	158.0%	61.6%	136.7%	12.3%	-2.3%	-20.1K	24.3M	-833.5K	0.25	16.18	1,739,500	427,125	2,961,175	2,939,850
2022-06-23	$1.14	$1.10	135.4%	38.4%	160.5%	59.4%	138.2%	7.5%	-3.8%	1.1M	-49.0M	-1.1M	0.94	21.54	767,550	719,950	4,310,800	3,093,375
2022-06-24	$1.25	$1.10	131.6%	37.2%	155.0%	57.2%	134.1%	8.6%	-2.8%	1.8M	-119.0M	-1.2M	0.57	19.75	1,377,875	790,500	4,559,450	3,400,725
2022-06-27	$1.21	$1.10	139.0%	38.7%	155.2%	61.6%	139.4%	12.1%	0.8%	955.6K	-45.8M	-1.2M	0.69	22.48	616,800	426,900	4,490,850	3,242,575
2022-06-28	$0.99	$1.10	145.8%	40.6%	167.5%	65.6%	141.5%	14.4%	-2.1%	49.4K	37.6M	-986.0K	0.40	13.59	1,363,525	545,775	4,692,575	3,335,150
2022-06-29	$0.91	$1.10	154.1%	44.6%	161.4%	70.6%	153.3%	22.5%	-0.4%	-103.2K	62.9M	-900.5K	1.50	13.54	766,075	1,147,225	5,097,300	3,460,925
2022-06-30	$0.91	$1.10	154.5%	44.2%	158.1%	70.8%	156.0%	14.3%	4.3%	-497.6K	70.9M	-930.5K	0.86	13.28	550,400	470,800	5,234,750	3,934,850