CVNA Options History — January 2023

In January 2023, CVNA traded between $0.18 and $0.40. ATM implied volatility averaged 195.2%, placing in the 71.3% IV rank vs the trailing year. The 30-day expected move averaged 54.8%. IV traded above realized volatility by 16.7% (HV 20d: 178.6%). Max pain ranged from $0.20 to $0.40. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.68.

Notable Days

  • 2023-01-12: Highest Volume — 12,415,850 contracts
  • 2023-01-12: Largest IV spike — 34.5% change
  • 2023-01-12: Highest IV Rank — 100.0%
  • 2023-01-12: Largest Expected Move — 70.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.26$0.18$0.40$0.18$0.40
Max Pain$0.28$0.20$0.40$0.40$0.30
ATM IV195.2%164.0%257.4%186.1%220.6%
Expected Move54.8%45.7%70.8%52.5%58.3%
HV 20d178.6%107.0%238.4%237.6%198.1%
HV 60d216.0%203.9%229.2%203.9%228.3%
IV Rank71.3%49.0%100.0%77.6%79.9%
IV Percentile93.4%77.4%100.0%95.2%98.4%
Term Structure-0.8%-11.8%11.6%0.5%-10.7%
VWIV200.0%171.0%253.3%186.7%213.4%
Skew 25d-10.9%-39.9%16.7%15.9%-4.3%
Skew 10d-9.7%-73.4%38.5%27.8%0.4%
Call IV 25d209.8%175.4%267.8%185.6%224.2%
Put IV 25d199.0%158.5%253.9%201.5%219.9%
Bid-Ask Spread %9.702.3319.742.3313.15
Gamma HHI0.090.070.130.080.08
Net GEX423.2K12.2K1.0M89.7K947.5K
Net DEX-31.1M-122.7M21.0M9.8M-122.7M
Net VEX-462.7K-724.8K-314.0K-343.4K-724.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.282.110.780.51
Total Volume3,257,213.75344,27512,415,850738,1754,739,400
Total OI17,797,132.514,073,62522,925,22516,594,37517,978,275

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$0.18$0.40186.1%52.5%237.6%77.6%186.7%15.9%0.5%89.7K9.8M-343.4K0.782.33415,100323,0759,868,3756,726,000
2023-01-04$0.20$0.40182.1%48.4%238.2%75.3%175.7%11.9%0.3%136.7K4.4M-366.4K0.772.43695,400536,4509,924,3506,848,800
2023-01-05$0.19$0.20181.1%53.0%238.4%74.0%198.0%14.4%1.6%116.8K11.7M-338.6K1.405.00382,475534,95010,097,4506,986,575
2023-01-06$0.18$0.20180.0%52.4%140.5%71.9%183.1%16.7%4.1%12.2K21.0M-323.1K0.823.28441,550362,05010,182,9257,240,100
2023-01-09$0.18$0.20180.3%51.7%107.0%72.1%188.8%8.0%-2.0%38.3K17.0M-319.6K0.963.36339,900326,6009,745,3756,829,800
2023-01-10$0.18$0.20179.0%52.1%107.0%70.6%188.5%13.0%2.5%51.0K17.4M-314.0K1.036.03169,675174,6009,906,0506,972,475
2023-01-11$0.22$0.20191.4%54.9%129.1%78.5%197.6%-4.3%1.6%204.0K-9.6M-396.3K0.405.832,790,0751,106,1509,961,5507,004,575
2023-01-12$0.31$0.20257.4%70.8%178.5%100.0%253.3%-13.8%-11.8%549.2K-100.0M-580.3K0.4119.748,828,8753,586,97510,956,6007,378,875
2023-01-13$0.28$0.30221.2%63.3%182.7%80.9%232.9%-32.6%-2.3%806.7K-73.3M-541.9K0.489.135,507,5502,620,30013,632,4759,292,750
2023-01-17$0.30$0.30224.2%64.2%183.3%81.9%231.9%-19.9%3.9%1.0M-70.3M-556.1K0.3314.412,197,325724,30013,300,3258,225,550
2023-01-18$0.28$0.30212.7%61.0%182.7%75.6%221.2%-35.1%-1.2%941.1K-42.5M-514.8K0.6113.462,384,5501,459,45013,414,3258,468,450
2023-01-19$0.25$0.30172.8%49.0%177.5%53.8%193.4%-39.9%11.6%270.0K-1.3M-453.4K0.4216.212,453,6251,021,95013,309,3508,820,025
2023-01-20$0.26$0.30164.0%45.7%176.4%49.0%171.0%-31.6%10.2%340.6K5.9M-438.1K0.5511.98774,900422,47513,342,5258,945,950
2023-01-23$0.29$0.30200.8%55.2%178.8%69.1%203.7%-27.7%-5.2%487.8K-42.6M-473.1K0.308.222,026,075608,8508,264,3005,809,325
2023-01-24$0.27$0.30181.7%49.5%178.4%58.7%186.4%-14.9%-10.5%502.6K-31.7M-466.1K0.4118.25855,625350,6758,759,9756,066,175
2023-01-25$0.26$0.30179.4%49.2%179.3%57.4%180.1%-11.6%4.1%387.8K-21.5M-428.5K0.6513.26644,875418,0008,789,1256,099,325
2023-01-26$0.26$0.30176.0%47.8%175.2%55.6%174.1%-19.0%3.3%375.2K-15.1M-426.6K2.117.52668,2001,410,3508,934,5506,304,275
2023-01-27$0.31$0.30197.5%53.4%184.7%67.3%190.8%-30.6%-6.7%483.1K-61.7M-584.9K0.2810.702,969,750836,6009,080,7257,283,350
2023-01-30$0.40$0.30216.2%63.3%197.8%77.5%229.2%-11.7%-8.4%714.6K-117.4M-664.5K0.399.646,485,4002,550,1508,307,4256,884,225
2023-01-31$0.40$0.30220.6%58.3%198.1%79.9%213.4%-4.3%-10.7%947.5K-122.7M-724.8K0.5113.153,128,9251,610,4759,799,3508,178,925