CVNA Options History — August 2023

In August 2023, CVNA traded between $1.49 and $2.06. ATM implied volatility averaged 108.2%, placing in the 1.8% IV rank vs the trailing year. The 30-day expected move averaged 30.9%. IV traded below realized volatility by 18.5% (HV 20d: 126.7%). Max pain ranged from $1.40 to $1.80. Net GEX was positive for 14 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 0.84.

Notable Days

  • 2023-08-09: Highest Volume — 5,356,725 contracts
  • 2023-08-04: Largest IV drop — 7.0% change
  • 2023-08-02: Highest IV Rank — 11.0%
  • 2023-08-02: Largest Expected Move — 38.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.73$1.49$2.06$1.95$2.02
Max Pain$1.62$1.40$1.80$1.40$1.66
ATM IV108.2%99.3%128.4%124.5%99.3%
Expected Move30.9%27.0%38.9%37.0%27.0%
HV 20d126.7%85.4%174.7%174.7%93.8%
HV 60d183.4%175.5%195.9%195.9%175.5%
IV Rank1.8%0.0%11.0%8.6%0.0%
IV Percentile2.4%0.0%17.5%11.1%0.0%
Term Structure0.4%-3.8%7.9%-3.1%2.0%
VWIV110.2%97.0%137.2%131.0%97.0%
Skew 25d-0.0%-5.9%2.9%-4.7%0.6%
Skew 10d4.4%-8.4%10.3%-7.9%6.2%
Call IV 25d109.7%99.8%131.5%127.6%99.8%
Put IV 25d109.7%100.4%126.9%122.8%100.4%
Bid-Ask Spread %6.362.7717.013.394.10
Gamma HHI0.050.030.090.090.06
Net GEX2.2M-4.3M9.1M7.2M9.1M
Net DEX-367.8M-789.2M-116.6M-689.0M-702.7M
Net VEX-2.4M-2.9M-2.0M-2.8M-2.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.581.660.880.91
Total Volume2,879,646.7391,329,3505,356,7255,305,6002,112,950
Total OI18,135,323.91314,611,10021,718,17519,242,05017,162,275

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$1.95$1.40124.5%37.0%174.7%8.6%131.0%-4.7%-3.1%7.2M-689.0M-2.8M0.883.392,829,0252,476,5758,729,45010,512,600
2023-08-02$2.04$1.40128.4%38.9%174.6%11.0%137.2%-4.6%-3.8%8.3M-789.2M-2.9M0.682.912,734,7251,868,3009,224,35011,339,300
2023-08-03$2.06$1.80124.5%35.4%170.4%8.6%124.9%-5.9%-2.3%8.7M-788.1M-2.9M0.603.472,485,5251,501,1509,269,42511,918,450
2023-08-04$1.83$1.60115.8%32.6%168.6%3.1%116.1%-5.6%-3.3%1.9M-417.9M-2.6M0.794.682,428,5751,919,3509,536,80012,181,375
2023-08-07$1.78$1.80110.0%31.5%162.3%0.0%111.1%-1.8%0.7%1.6M-387.6M-2.5M0.956.421,498,0751,426,6007,938,97510,282,050
2023-08-08$1.77$1.80111.1%31.9%162.4%0.7%115.3%-1.2%0.5%1.1M-367.9M-2.5M0.887.12708,600620,7508,227,47510,718,950
2023-08-09$1.68$1.80110.2%31.8%158.5%0.1%112.9%-0.7%0.8%-1.1M-263.1M-2.4M0.677.623,215,7502,140,9758,350,92510,835,425
2023-08-10$1.58$1.60110.1%31.8%159.2%0.0%112.4%0.9%1.6%-3.0M-158.9M-2.3M0.877.552,057,1501,779,6508,900,95011,318,825
2023-08-11$1.65$1.60105.5%30.5%159.6%0.0%108.0%1.4%2.0%-633.8K-245.2M-2.3M0.767.581,983,0751,497,2509,152,32511,499,625
2023-08-14$1.65$1.60103.2%29.8%159.4%0.0%106.1%1.5%0.6%-246.0K-282.7M-2.2M0.8511.81810,825690,6257,779,80010,487,825
2023-08-15$1.58$1.60105.8%30.4%157.6%1.6%107.7%1.6%0.2%-1.2M-219.1M-2.2M1.056.911,226,5001,292,8758,070,05010,716,825
2023-08-16$1.53$1.60105.4%30.2%102.4%1.3%106.8%1.3%0.6%-2.2M-166.1M-2.1M0.7915.02840,100661,5258,287,67510,986,600
2023-08-17$1.49$1.60103.9%29.7%85.4%0.4%104.4%1.3%1.6%-4.3M-116.6M-2.0M1.076.491,003,7751,078,1008,299,05011,011,625
2023-08-18$1.58$1.60106.9%30.7%89.1%2.2%110.5%1.9%-0.0%1.4M-230.5M-2.1M0.8917.011,305,0001,164,6758,361,77511,116,275
2023-08-21$1.62$1.60103.0%29.1%89.4%0.0%107.9%2.9%0.8%220.6K-223.0M-2.1M0.693.731,270,325876,4256,403,3508,207,750
2023-08-22$1.52$1.60105.1%29.6%90.4%1.3%105.5%2.0%-0.1%-897.4K-145.8M-2.1M1.663.87665,4751,102,0506,753,1258,547,100
2023-08-23$1.62$1.60102.3%29.1%93.5%0.0%104.4%2.0%0.3%1.5M-236.9M-2.2M0.645.46820,150525,1256,945,6008,732,925
2023-08-24$1.50$1.60102.2%28.8%91.1%0.0%102.7%2.8%1.7%-1.2M-121.0M-2.1M0.873.70818,550711,7257,224,1758,877,350
2023-08-25$1.64$1.60101.8%28.6%88.6%0.0%102.2%1.1%0.3%3.8M-285.1M-2.2M0.882.771,371,9501,212,7757,352,0008,924,775
2023-08-28$1.83$1.60106.9%30.7%96.1%3.0%110.4%1.6%-0.5%4.7M-437.0M-2.4M0.625.332,077,5751,283,0756,679,7257,948,850
2023-08-29$1.89$1.60102.2%28.3%93.7%0.3%100.4%1.7%0.9%7.6M-544.8M-2.5M0.773.061,364,7501,051,4007,505,2758,446,650
2023-08-30$1.98$1.60100.5%27.8%93.4%0.0%98.7%-0.6%7.9%8.8M-640.4M-2.5M0.586.272,354,0751,368,4007,702,7008,644,050
2023-08-31$2.02$1.6699.3%27.0%93.8%0.0%97.0%0.6%2.0%9.1M-702.7M-2.6M0.914.101,106,2501,006,7008,183,4258,978,850