CVNA Options History — April 2023

In April 2023, CVNA traded between $0.27 and $0.39. ATM implied volatility averaged 161.1%, placing in the 36.4% IV rank vs the trailing year. The 30-day expected move averaged 45.9%. IV traded above realized volatility by 57.4% (HV 20d: 103.7%). Max pain ranged from $0.40 to $0.40. Net GEX was positive for 3 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 1.33.

Notable Days

  • 2023-04-11: Highest Volume — 2,819,925 contracts
  • 2023-04-24: Largest IV drop — 5.6% change
  • 2023-04-04: Highest IV Rank — 49.5%
  • 2023-04-11: Largest Expected Move — 49.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.34$0.27$0.39$0.37$0.27
Max Pain$0.40$0.40$0.40$0.40$0.40
ATM IV161.1%138.2%177.6%169.1%138.2%
Expected Move45.9%40.7%49.7%47.2%40.7%
HV 20d103.7%83.6%127.1%121.9%83.6%
HV 60d154.1%122.6%174.5%173.1%122.6%
IV Rank36.4%16.6%49.5%45.4%16.6%
IV Percentile56.9%21.8%79.4%73.4%21.8%
Term Structure-3.6%-13.3%3.1%-5.2%-0.8%
VWIV163.1%146.7%189.0%170.8%149.4%
Skew 25d13.6%4.6%23.9%16.7%8.4%
Skew 10d30.6%10.9%54.8%43.3%16.2%
Call IV 25d156.2%137.8%170.2%165.0%137.8%
Put IV 25d169.7%146.2%187.9%181.7%146.2%
Bid-Ask Spread %10.622.9325.848.622.93
Gamma HHI0.220.060.900.060.11
Net GEX-1.1M-9.9M247.9K247.9K-314.4K
Net DEX18.8M-14.1M48.9M-14.1M31.1M
Net VEX-474.8K-549.6K-375.2K-528.0K-375.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.483.771.621.25
Total Volume1,215,077.632572,2252,819,9252,256,325790,050
Total OI13,862,269.73710,410,47516,052,70012,503,50011,548,050

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$0.37$0.40169.1%47.2%121.9%45.4%170.8%16.7%-5.2%247.9K-14.1M-528.0K1.628.62861,7001,394,6256,175,2756,328,225
2023-04-04$0.37$0.40177.0%49.7%121.7%49.5%189.0%15.5%-2.4%16.0K-4.5M-541.7K2.168.08500,5751,081,5006,415,0257,212,800
2023-04-05$0.34$0.40174.5%48.7%127.1%48.1%173.5%18.2%-2.8%-569.9K26.6M-517.8K0.867.56617,400532,0006,518,1757,969,550
2023-04-06$0.36$0.40167.5%47.5%126.4%41.1%170.8%20.9%3.1%120.8K12.9M-527.4K0.5715.02569,350325,2006,640,5257,995,050
2023-04-10$0.37$0.40169.2%47.4%114.4%41.5%167.3%22.3%-1.4%-320.9K5.9M-512.3K1.0125.84623,025630,2006,102,5757,628,650
2023-04-11$0.39$0.40177.6%49.7%115.1%46.4%173.3%23.9%-4.1%-25.1K-13.4M-549.6K1.0017.391,412,7501,407,1756,374,1507,981,000
2023-04-12$0.37$0.40172.0%48.3%107.7%43.2%170.2%20.6%-2.6%-626.0K15.8M-543.3K1.0012.95538,425535,8756,769,9008,891,650
2023-04-13$0.37$0.40171.5%47.2%107.4%42.9%166.8%15.6%-7.8%-698.0K15.5M-547.6K0.908.87377,175339,9756,799,3509,116,825
2023-04-14$0.36$0.40169.0%47.7%106.6%41.4%168.8%9.2%-4.5%-1.3M29.4M-515.0K0.7514.16606,075453,0506,831,6759,221,025
2023-04-17$0.36$0.40162.2%45.9%106.3%37.5%159.2%14.3%-1.0%-1.2M26.8M-485.2K1.069.24458,250484,4506,263,0758,740,425
2023-04-18$0.36$0.40156.4%44.5%98.8%33.9%158.4%9.4%-2.7%-1.3M30.3M-477.2K2.9013.75275,250797,5006,456,6008,950,675
2023-04-19$0.35$0.40161.5%46.3%88.5%36.9%160.3%9.5%-13.3%-1.5M31.4M-451.0K1.2012.96629,925758,9006,531,1508,984,925
2023-04-20$0.32$0.40156.2%45.1%89.4%33.8%159.5%8.9%-5.3%-2.5M48.9M-423.1K2.025.29434,150877,8256,692,2508,896,900
2023-04-21$0.32$0.40154.6%44.8%88.5%32.8%157.1%4.6%-3.4%-9.9M43.4M-413.9K3.776.47429,6001,619,2256,727,1009,080,925
2023-04-24$0.33$0.40146.0%42.6%89.6%27.8%151.0%12.4%-3.3%-208.4K9.0M-424.1K0.965.99403,975388,5254,634,7005,775,775
2023-04-25$0.30$0.40149.3%43.7%93.9%28.3%152.6%10.5%-3.1%-390.7K19.4M-401.5K0.7410.43403,000299,1754,860,4506,007,050
2023-04-26$0.30$0.40147.3%43.2%92.9%25.4%154.0%8.4%-4.6%-411.5K19.7M-397.3K0.489.13387,025185,2004,949,3756,079,575
2023-04-27$0.29$0.40142.2%42.2%90.8%19.1%146.7%8.4%-3.6%-541.5K22.8M-389.5K0.947.14339,975318,4005,067,1756,165,525
2023-04-28$0.27$0.40138.2%40.7%83.6%16.6%149.4%8.4%-0.8%-314.4K31.1M-375.2K1.252.93351,300438,7505,239,2506,308,800