CVNA Options History — October 2023

In October 2023, CVNA traded between $1.08 and $1.56. ATM implied volatility averaged 116.6%, placing in the 15.7% IV rank vs the trailing year. The 30-day expected move averaged 33.4%. IV traded above realized volatility by 43.6% (HV 20d: 73.0%). Max pain ranged from $1.40 to $1.80. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 1.28.

Notable Days

2023-10-12: Highest Volume — 3,530,625 contracts
2023-10-25: Largest IV spike — 6.6% change
2023-10-26: Highest IV Rank — 19.7%
2023-10-26: Largest Expected Move — 38.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.35	$1.08	$1.56	$1.55	$1.08
Max Pain	$1.45	$1.40	$1.80	$1.80	$1.40
ATM IV	116.6%	109.6%	123.8%	110.3%	115.1%
Expected Move	33.4%	25.7%	38.8%	27.9%	38.0%
HV 20d	73.0%	64.5%	84.7%	82.7%	64.5%
HV 60d	94.5%	77.3%	118.6%	118.6%	77.3%
IV Rank	15.7%	11.9%	19.7%	12.3%	14.9%
IV Percentile	19.5%	13.9%	26.6%	15.1%	19.0%
Term Structure	-3.6%	-8.1%	3.3%	2.3%	-3.4%
VWIV	119.5%	92.2%	138.4%	101.5%	132.3%
Skew 25d	7.4%	3.9%	10.8%	3.9%	7.6%
Skew 10d	16.7%	5.3%	24.8%	16.0%	14.4%
Call IV 25d	114.3%	107.9%	121.0%	112.8%	111.7%
Put IV 25d	121.7%	112.5%	129.8%	116.7%	119.3%
Bid-Ask Spread %	4.99	2.67	10.02	2.67	3.17
Gamma HHI	0.07	0.04	0.24	0.05	0.05
Net GEX	-634.6K	-4.3M	4.4M	606.0K	-634.6K
Net DEX	-47.4M	-203.0M	53.3M	-136.5M	27.3M
Net VEX	-1.6M	-2.0M	-1.3M	-2.0M	-1.3M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.28	0.47	3.23	0.66	1.04
Total Volume	1,576,695.455	506,175	3,530,625	2,353,675	506,175
Total OI	16,650,331.818	14,459,625	18,427,600	16,076,900	15,923,875

Daily Data (22 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
2023-10-02	$1.55	$1.80	110.3%	27.9%	82.7%	12.3%	101.5%	3.9%	2.3%	606.0K	-136.5M	-2.0M	0.66	2.67	1,421,975	931,700	7,394,875	8,682,025
2023-10-03	$1.53	$1.80	111.1%	26.9%	82.7%	12.7%	97.9%	4.7%	3.1%	1.0M	-116.5M	-2.0M	1.30	3.82	789,175	1,025,275	8,096,900	9,089,225
2023-10-04	$1.51	$1.80	109.6%	25.7%	82.3%	11.9%	92.2%	4.6%	3.3%	-656.7K	-92.3M	-1.9M	0.47	3.35	961,125	450,750	8,141,425	9,392,725
2023-10-05	$1.44	$1.40	112.4%	32.4%	82.2%	13.4%	117.3%	6.7%	3.1%	-2.9M	-28.7M	-1.8M	1.37	5.69	1,298,025	1,778,175	8,204,325	9,443,900
2023-10-06	$1.51	$1.40	118.8%	32.0%	84.7%	16.9%	113.5%	6.8%	-4.3%	180.6K	-122.8M	-1.9M	0.84	10.02	1,143,700	957,700	8,595,975	9,586,000
2023-10-09	$1.55	$1.40	119.2%	32.5%	78.8%	17.2%	115.4%	7.1%	-5.0%	3.6M	-197.6M	-1.9M	0.92	9.70	675,925	623,125	7,859,250	8,954,750
2023-10-10	$1.56	$1.40	115.4%	31.5%	79.0%	15.1%	116.1%	6.8%	-4.7%	4.4M	-203.0M	-1.9M	0.72	7.21	1,210,200	871,575	8,056,875	9,169,550
2023-10-11	$1.52	$1.40	113.8%	31.3%	79.1%	14.2%	112.0%	6.6%	-4.7%	1.7M	-129.8M	-1.8M	1.02	6.52	519,525	527,825	8,179,650	9,530,525
2023-10-12	$1.34	$1.40	120.5%	33.1%	70.9%	17.9%	117.8%	5.4%	-6.4%	-4.3M	30.9M	-1.7M	0.77	3.25	1,992,150	1,538,475	8,255,875	9,542,900
2023-10-13	$1.35	$1.40	120.0%	33.2%	69.9%	17.6%	118.7%	5.3%	-6.0%	-697.5K	-1.9M	-1.7M	1.12	5.32	743,000	831,975	8,736,800	9,690,800
2023-10-16	$1.39	$1.40	115.0%	32.5%	72.0%	14.8%	115.7%	7.8%	-5.3%	-153.8K	-67.8M	-1.6M	0.93	4.52	431,350	401,300	7,612,075	8,912,525
2023-10-17	$1.39	$1.40	115.8%	33.0%	68.4%	15.3%	116.4%	8.1%	-5.8%	-76.1K	-66.1M	-1.7M	1.19	7.38	307,600	365,175	7,770,125	9,022,975
2023-10-18	$1.29	$1.40	119.8%	34.3%	67.7%	17.5%	117.3%	8.0%	-7.9%	-2.2M	17.8M	-1.6M	2.18	5.02	417,550	909,900	7,857,250	9,161,275
2023-10-19	$1.25	$1.40	120.8%	35.0%	67.9%	18.0%	128.6%	9.3%	-7.8%	-2.5M	11.3M	-1.5M	1.86	6.59	356,150	662,725	7,973,125	8,773,725
2023-10-20	$1.25	$1.40	119.3%	34.9%	68.0%	17.2%	123.4%	9.5%	-8.1%	-3.6M	6.2M	-1.4M	1.86	3.01	373,400	696,150	8,074,825	8,841,875
2023-10-23	$1.28	$1.40	115.5%	34.8%	67.1%	15.1%	124.0%	8.2%	-2.6%	-680.2K	-40.9M	-1.5M	0.84	3.65	683,250	576,150	6,495,500	7,964,125
2023-10-24	$1.27	$1.40	112.9%	34.6%	67.1%	13.7%	135.4%	8.3%	-3.0%	-835.1K	-39.4M	-1.4M	1.74	4.76	453,675	788,300	6,782,000	8,163,975
2023-10-25	$1.18	$1.40	120.4%	37.3%	69.3%	17.8%	134.6%	8.5%	-4.1%	-2.0M	18.3M	-1.3M	3.23	2.95	508,825	1,645,425	6,994,775	8,189,350
2023-10-26	$1.17	$1.40	123.8%	38.8%	68.4%	19.7%	138.4%	9.3%	-5.4%	-2.0M	22.0M	-1.4M	1.80	3.40	420,050	755,625	7,071,800	8,519,875
2023-10-27	$1.13	$1.40	118.6%	37.2%	67.8%	16.8%	130.1%	10.8%	-4.1%	-1.8M	53.3M	-1.3M	0.88	4.22	1,256,300	1,107,975	7,157,925	8,775,725
2023-10-30	$1.11	$1.40	116.1%	38.1%	64.5%	15.5%	131.4%	9.5%	-2.6%	-463.7K	13.5M	-1.3M	1.47	3.50	313,200	459,675	7,189,900	8,474,350
2023-10-31	$1.08	$1.40	115.1%	38.0%	64.5%	14.9%	132.3%	7.6%	-3.4%	-634.6K	27.3M	-1.3M	1.04	3.17	247,950	258,225	7,325,250	8,598,625