CVNA Options History — October 2022

In October 2022, CVNA traded between $0.54 and $0.93. ATM implied volatility averaged 160.4%, placing in the 74.3% IV rank vs the trailing year. The 30-day expected move averaged 46.4%. IV traded above realized volatility by 34.8% (HV 20d: 125.6%). Max pain ranged from $1.10 to $1.36. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.69.

Notable Days

2022-10-19: Highest Volume — 2,259,125 contracts
2022-10-19: Largest IV spike — 6.6% change
2022-10-19: Highest IV Rank — 80.9%
2022-10-31: Largest Expected Move — 53.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$0.70	$0.54	$0.93	$0.86	$0.55
Max Pain	$1.20	$1.10	$1.36	$1.36	$1.10
ATM IV	160.4%	148.4%	171.4%	150.3%	163.8%
Expected Move	46.4%	39.8%	53.3%	41.5%	53.3%
HV 20d	125.6%	111.9%	140.9%	136.9%	111.9%
HV 60d	139.7%	120.1%	143.4%	142.1%	120.1%
IV Rank	74.3%	67.2%	80.9%	68.3%	76.4%
IV Percentile	95.2%	88.5%	98.8%	90.1%	95.2%
Term Structure	-4.8%	-10.5%	0.1%	-4.1%	-5.2%
VWIV	163.6%	141.6%	186.9%	144.9%	186.9%
Skew 25d	10.7%	7.0%	14.5%	11.0%	9.8%
Skew 10d	20.2%	9.6%	27.0%	16.0%	21.5%
Call IV 25d	157.4%	146.1%	170.6%	146.1%	160.8%
Put IV 25d	168.1%	156.1%	178.9%	157.1%	170.6%
Bid-Ask Spread %	44.36	9.05	65.49	25.78	13.43
Gamma HHI	0.06	0.05	0.12	0.07	0.05
Net GEX	864.8K	-237.8K	2.4M	1.2M	532.5K
Net DEX	23.8M	-46.7M	72.5M	6.1M	25.9M
Net VEX	-1.1M	-1.5M	-794.8K	-1.3M	-827.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.69	0.22	1.37	0.30	0.51
Total Volume	1,439,533.333	731,925	2,259,125	1,555,175	1,439,050
Total OI	11,709,363.095	10,110,500	12,998,000	10,110,500	11,608,025

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
2022-10-03	$0.86	$1.36	150.3%	41.5%	136.9%	68.3%	144.9%	11.0%	-4.1%	1.2M	6.1M	-1.3M	0.30	25.78	1,195,250	359,925	6,402,975	3,707,525
2022-10-04	$0.93	$1.20	148.4%	40.5%	140.9%	67.2%	145.2%	10.1%	-0.5%	2.4M	-46.7M	-1.5M	0.31	27.67	1,276,150	390,925	6,945,525	3,765,050
2022-10-05	$0.88	$1.20	149.7%	39.8%	139.4%	67.9%	141.6%	9.3%	-1.7%	1.8M	-9.6M	-1.4M	0.69	27.70	556,300	384,475	7,114,325	3,825,000
2022-10-06	$0.85	$1.30	150.7%	43.0%	138.9%	68.5%	151.1%	8.0%	-1.9%	1.5M	9.3M	-1.3M	0.22	44.93	1,685,000	376,725	7,193,875	3,872,675
2022-10-07	$0.77	$1.30	152.9%	42.6%	135.6%	69.9%	151.3%	11.3%	-4.9%	854.2K	43.7M	-1.2M	0.88	61.57	660,925	580,850	8,537,475	3,994,775
2022-10-10	$0.73	$1.20	159.9%	45.1%	119.0%	74.0%	154.7%	14.5%	-3.0%	437.9K	49.0M	-1.1M	0.34	62.43	1,335,025	451,925	7,156,425	3,734,225
2022-10-11	$0.73	$1.20	158.4%	45.2%	114.1%	73.1%	155.5%	13.9%	0.1%	887.0K	26.4M	-1.1M	0.96	62.93	555,525	530,850	8,133,350	3,891,925
2022-10-12	$0.76	$1.20	157.7%	43.9%	117.1%	72.7%	156.1%	12.8%	-5.2%	1.3M	8.9M	-1.2M	0.87	58.12	392,200	339,725	8,330,200	3,939,875
2022-10-13	$0.76	$1.20	160.3%	44.7%	114.6%	74.3%	154.4%	9.2%	-5.2%	1.3M	13.5M	-1.2M	0.38	65.49	1,049,525	401,650	8,389,325	3,986,075
2022-10-14	$0.69	$1.20	165.0%	45.9%	112.4%	77.0%	158.2%	8.0%	-6.9%	1.1M	43.6M	-1.1M	0.68	60.53	1,035,175	703,025	8,768,925	4,025,550
2022-10-17	$0.73	$1.20	160.4%	45.6%	116.2%	74.3%	157.5%	10.9%	-7.4%	648.5K	16.3M	-1.1M	0.72	58.93	506,875	364,775	7,141,850	3,743,475
2022-10-18	$0.73	$1.20	160.8%	46.0%	116.0%	74.5%	158.5%	8.6%	-7.5%	592.0K	21.7M	-1.1M	0.63	59.70	1,141,000	718,150	7,219,925	3,880,075
2022-10-19	$0.59	$1.20	171.4%	49.1%	133.0%	80.9%	173.7%	10.1%	-10.5%	-58.3K	72.5M	-887.2K	1.37	65.22	952,850	1,306,275	7,766,900	4,151,300
2022-10-20	$0.57	$1.20	168.7%	48.5%	129.2%	79.2%	175.7%	8.3%	-3.6%	-237.8K	70.3M	-898.4K	0.79	62.37	857,200	675,650	8,243,125	4,372,525
2022-10-21	$0.57	$1.20	165.2%	48.0%	129.7%	77.2%	170.2%	10.5%	-6.5%	4.4K	64.2M	-903.6K	1.17	49.83	510,075	598,175	8,663,575	4,334,425
2022-10-24	$0.54	$1.20	163.3%	50.0%	129.7%	76.1%	175.4%	13.0%	-4.4%	361.7K	39.9M	-794.8K	1.15	44.11	453,675	521,775	7,413,025	3,461,575
2022-10-25	$0.61	$1.20	164.0%	49.5%	140.0%	76.5%	186.2%	13.7%	-6.2%	773.7K	7.3M	-938.1K	0.50	12.55	1,505,550	748,425	7,582,425	3,540,800
2022-10-26	$0.61	$1.10	167.5%	51.3%	134.6%	78.6%	181.2%	11.1%	-7.4%	1.1M	402.7K	-958.0K	0.41	9.05	1,263,225	518,150	8,050,700	3,849,850
2022-10-27	$0.59	$1.10	166.1%	51.5%	114.1%	77.7%	180.9%	7.0%	-3.0%	1.1M	11.2M	-940.4K	0.76	46.84	538,850	408,875	8,511,450	3,954,250
2022-10-28	$0.58	$1.10	163.3%	49.9%	113.6%	76.1%	176.8%	13.3%	-5.3%	493.7K	26.4M	-886.0K	0.89	12.38	496,750	443,700	8,661,700	4,030,575
2022-10-31	$0.55	$1.10	163.8%	53.3%	111.9%	76.4%	186.9%	9.8%	-5.2%	532.5K	25.9M	-827.6K	0.51	13.43	954,350	484,700	7,850,150	3,757,875