CVNA Options History — August 2022

In August 2022, CVNA traded between $1.21 and $2.18. ATM implied volatility averaged 126.4%, placing in the 54.1% IV rank vs the trailing year. The 30-day expected move averaged 36.5%. IV traded below realized volatility by 30.7% (HV 20d: 157.1%). Max pain ranged from $1.10 to $2.00. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 0.92.

Notable Days

2022-08-05: Highest Volume — 7,515,175 contracts
2022-08-05: Largest IV drop — 14.7% change
2022-08-04: Highest IV Rank — 71.2%
2022-08-03: Largest Expected Move — 46.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.64	$1.21	$2.18	$1.21	$1.33
Max Pain	$1.70	$1.10	$2.00	$1.10	$1.80
ATM IV	126.4%	112.2%	155.2%	139.4%	127.8%
Expected Move	36.5%	32.2%	46.3%	44.4%	37.1%
HV 20d	157.1%	115.7%	176.6%	134.4%	171.1%
HV 60d	158.4%	151.1%	169.3%	161.8%	151.1%
IV Rank	54.1%	45.6%	71.2%	61.8%	54.9%
IV Percentile	75.1%	69.0%	94.4%	82.1%	72.6%
Term Structure	-1.4%	-7.3%	2.7%	-5.1%	1.0%
VWIV	130.6%	113.3%	165.4%	164.3%	130.1%
Skew 25d	8.2%	1.9%	22.3%	12.8%	9.0%
Skew 10d	18.0%	1.8%	47.8%	30.0%	14.4%
Call IV 25d	124.5%	111.5%	148.9%	132.7%	127.3%
Put IV 25d	132.7%	118.0%	166.7%	145.5%	136.3%
Bid-Ask Spread %	45.45	11.91	66.15	12.45	52.23
Gamma HHI	0.11	0.06	0.17	0.13	0.06
Net GEX	2.3M	-1.1M	6.9M	2.5M	-655.8K
Net DEX	-237.8M	-755.9M	40.9M	-122.7M	36.5M
Net VEX	-1.7M	-2.1M	-1.3M	-1.3M	-1.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.92	0.30	1.44	1.44	0.30
Total Volume	1,734,020.652	524,025	7,515,175	1,036,725	1,471,675
Total OI	10,569,853.261	9,063,300	12,062,150	9,063,300	10,132,125

Daily Data (23 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
2022-08-01	$1.21	$1.10	139.4%	44.4%	134.4%	61.8%	164.3%	12.8%	-5.1%	2.5M	-122.7M	-1.3M	1.44	12.45	424,225	612,500	5,546,100	3,517,200
2022-08-02	$1.37	$1.10	134.7%	42.7%	117.0%	59.0%	161.8%	10.4%	-7.3%	3.5M	-231.8M	-1.4M	1.21	14.25	614,275	741,800	5,688,125	3,702,225
2022-08-03	$1.40	$1.10	143.8%	46.3%	115.7%	64.4%	165.4%	22.3%	-5.8%	3.7M	-254.0M	-1.5M	0.77	11.91	894,250	686,650	5,836,125	3,965,775
2022-08-04	$1.33	$1.30	155.2%	41.4%	117.8%	71.2%	140.1%	17.8%	-6.8%	3.6M	-210.8M	-1.5M	1.34	30.18	1,250,775	1,676,400	6,281,750	4,238,800
2022-08-05	$1.85	$1.30	132.4%	36.6%	161.5%	57.7%	131.4%	5.1%	-5.0%	3.4M	-755.9M	-1.8M	0.66	38.33	4,538,550	2,976,625	6,811,750	5,250,400
2022-08-08	$1.85	$1.60	121.3%	34.5%	149.7%	51.0%	123.5%	6.0%	0.4%	2.9M	-379.2M	-1.9M	0.60	36.87	1,635,025	987,125	5,431,950	4,685,375
2022-08-09	$1.66	$1.60	116.7%	33.3%	157.5%	48.3%	120.1%	8.5%	-0.5%	1.8M	-236.1M	-1.7M	1.43	28.16	386,575	553,600	5,744,375	4,907,225
2022-08-10	$1.88	$1.60	114.8%	33.0%	158.5%	47.2%	117.8%	6.8%	0.6%	3.7M	-412.2M	-1.9M	1.29	66.15	504,850	651,000	5,818,725	4,932,975
2022-08-11	$2.00	$1.90	117.5%	33.6%	156.2%	48.8%	120.4%	2.9%	0.3%	4.6M	-515.8M	-2.0M	0.65	59.37	1,876,100	1,215,100	6,031,350	5,268,000
2022-08-12	$2.08	$1.90	113.8%	32.3%	156.3%	46.6%	116.0%	6.0%	-1.9%	6.9M	-551.2M	-2.1M	0.84	62.13	729,875	609,725	6,287,475	5,675,300
2022-08-15	$2.04	$1.90	112.2%	32.2%	157.7%	45.6%	113.3%	6.5%	0.8%	5.2M	-469.4M	-2.0M	0.47	50.78	600,575	282,150	5,942,700	4,802,850
2022-08-16	$2.18	$2.00	112.9%	32.4%	157.8%	46.1%	117.9%	1.9%	0.3%	6.2M	-582.0M	-2.1M	0.69	57.60	1,623,550	1,126,650	5,957,350	4,859,350
2022-08-17	$1.98	$2.00	116.5%	33.4%	156.9%	48.2%	120.2%	4.1%	-1.1%	4.0M	-387.0M	-2.1M	0.71	62.92	916,425	646,600	6,360,025	5,368,625
2022-08-18	$1.92	$2.00	117.3%	33.7%	158.5%	48.7%	119.5%	3.4%	-1.3%	3.1M	-347.6M	-2.1M	0.79	57.31	599,600	472,225	6,540,850	5,448,625
2022-08-19	$1.69	$2.00	123.3%	35.4%	162.5%	52.3%	128.5%	8.7%	-0.4%	1.2M	-130.7M	-1.9M	1.30	64.90	740,550	963,600	6,518,425	5,508,950
2022-08-22	$1.43	$2.00	135.4%	38.7%	176.1%	59.5%	137.3%	11.7%	0.5%	-315.8K	4.9M	-1.6M	1.21	48.48	846,675	1,025,000	5,004,050	4,346,275
2022-08-23	$1.37	$1.90	133.3%	37.8%	175.4%	58.2%	134.0%	6.2%	-1.0%	-668.7K	40.9M	-1.6M	0.65	50.96	618,600	402,125	5,234,875	4,754,175
2022-08-24	$1.45	$1.90	130.0%	36.0%	173.5%	56.2%	127.2%	8.4%	-0.1%	-84.4K	4.1M	-1.7M	0.48	48.18	714,425	343,825	5,375,975	4,823,400
2022-08-25	$1.53	$1.80	121.4%	34.4%	174.1%	51.1%	124.9%	8.6%	2.7%	1.2M	-49.4M	-1.7M	0.85	48.51	353,800	300,275	5,528,625	4,812,425
2022-08-26	$1.41	$1.80	127.4%	36.5%	176.6%	54.7%	127.3%	7.2%	-0.0%	-1.1M	33.2M	-1.6M	0.68	48.58	622,900	426,400	5,636,425	4,921,225
2022-08-29	$1.37	$1.80	131.0%	37.7%	176.6%	56.8%	134.7%	6.6%	-2.3%	-276.0K	8.8M	-1.5M	1.43	48.19	215,425	308,600	5,208,325	4,467,550
2022-08-30	$1.33	$1.80	128.3%	36.5%	171.4%	55.2%	128.7%	8.8%	1.0%	-737.2K	38.5M	-1.5M	1.26	46.80	307,275	388,525	5,319,400	4,613,025
2022-08-31	$1.33	$1.80	127.8%	37.1%	171.1%	54.9%	130.1%	9.0%	1.0%	-655.8K	36.5M	-1.5M	0.30	52.23	1,129,775	341,900	5,419,625	4,712,500