CVNA Options History — November 2023

In November 2023, CVNA traded between $1.03 and $1.37. ATM implied volatility averaged 93.0%, placing in the 4.9% IV rank vs the trailing year. The 30-day expected move averaged 27.0%. IV traded below realized volatility by 3.3% (HV 20d: 96.3%). Max pain ranged from $1.36 to $1.60. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.81.

Notable Days

  • 2023-11-03: Highest Volume — 4,655,025 contracts
  • 2023-11-03: Largest IV drop — 28.3% change
  • 2023-11-01: Highest IV Rank — 23.4%
  • 2023-11-01: Largest Expected Move — 44.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.26$1.03$1.37$1.03$1.25
Max Pain$1.40$1.36$1.60$1.40$1.36
ATM IV93.0%83.5%130.4%130.4%90.2%
Expected Move27.0%24.0%44.1%44.1%26.4%
HV 20d96.3%65.3%105.7%65.3%99.1%
HV 60d85.9%77.7%91.4%77.7%84.3%
IV Rank4.9%0.0%23.4%23.4%3.6%
IV Percentile4.7%0.0%32.9%32.9%4.0%
Term Structure0.0%-4.8%5.8%-4.8%-1.3%
VWIV96.3%83.2%156.3%156.3%94.1%
Skew 25d6.3%-0.6%10.0%9.3%-0.6%
Skew 10d14.4%1.7%23.6%14.5%1.9%
Call IV 25d91.5%81.2%126.4%126.4%91.7%
Put IV 25d97.8%87.1%135.7%135.7%91.1%
Bid-Ask Spread %7.013.2116.393.699.00
Gamma HHI0.060.040.110.050.07
Net GEX2.1M-1.6M5.1M-719.7K986.2K
Net DEX-85.8M-223.6M46.4M46.4M-50.8M
Net VEX-1.4M-1.5M-1.2M-1.3M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.292.880.960.53
Total Volume2,036,600638,1504,655,0251,828,6251,199,800
Total OI17,293,389.28615,625,30019,344,20016,098,97516,696,925

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$1.03$1.40130.4%44.1%65.3%23.4%156.3%9.3%-4.8%-719.7K46.4M-1.3M0.963.69934,900893,7257,411,2008,687,775
2023-11-02$1.21$1.60116.6%32.1%89.4%15.7%114.9%10.0%-4.1%852.3K-76.3M-1.4M0.9416.391,459,5501,376,8507,751,4259,056,825
2023-11-03$1.28$1.4083.7%25.2%91.0%0.0%88.6%5.9%0.9%4.4M-119.4M-1.3M0.6215.602,865,9001,789,1258,309,7509,626,700
2023-11-06$1.33$1.4088.6%25.5%91.8%2.6%91.8%6.7%-0.1%2.1M-128.9M-1.4M0.545.681,367,975736,0757,708,4509,297,475
2023-11-07$1.37$1.4089.7%26.0%92.5%3.2%92.5%6.6%0.8%4.6M-184.1M-1.5M0.315.651,432,750443,1008,343,7259,652,075
2023-11-08$1.36$1.4089.7%26.0%92.2%3.2%92.4%6.2%1.5%4.9M-175.6M-1.4M0.467.421,190,500543,4508,469,3009,778,750
2023-11-09$1.20$1.4092.4%26.7%91.7%4.7%93.0%7.8%1.3%-975.6K-10.7M-1.3M0.545.341,447,025786,2758,474,0509,814,150
2023-11-10$1.16$1.4090.9%26.2%91.9%3.9%95.4%7.4%0.2%-1.6M28.4M-1.3M0.823.211,170,100959,5008,674,1759,993,550
2023-11-13$1.16$1.4090.9%26.1%91.0%3.9%94.0%6.1%1.9%-582.6K-17.0K-1.3M0.383.981,130,800429,1257,750,3759,267,200
2023-11-14$1.33$1.4091.3%26.2%105.0%4.1%96.0%6.5%0.9%4.1M-187.5M-1.4M0.733.311,452,9751,058,3508,394,4259,393,575
2023-11-15$1.36$1.4092.7%26.6%101.8%4.9%96.7%4.2%1.8%5.1M-223.6M-1.5M0.504.631,683,650842,2008,661,5509,815,625
2023-11-16$1.30$1.4095.6%27.2%102.6%6.4%99.2%8.6%5.8%3.8M-142.4M-1.4M2.0710.54840,4751,738,1758,880,20010,017,800
2023-11-17$1.28$1.4095.1%27.4%102.9%6.2%96.2%9.0%-1.7%4.8M-101.5M-1.4M2.884.74594,3751,712,0259,044,42510,299,775
2023-11-20$1.32$1.4092.3%26.2%103.3%4.6%92.0%6.0%-1.2%3.1M-109.3M-1.5M0.535.461,023,200540,1507,413,9758,538,025
2023-11-21$1.25$1.4091.1%25.9%105.7%4.0%92.0%6.2%-1.0%1.4M-42.4M-1.4M0.635.13972,050617,0257,694,8508,719,800
2023-11-22$1.25$1.4088.4%24.5%101.8%2.6%88.6%6.1%-0.8%1.7M-58.2M-1.4M0.715.59372,550265,6007,982,3008,811,500
2023-11-24$1.26$1.4085.7%24.0%101.6%1.1%84.9%6.3%-0.8%870.3K-57.6M-1.3M0.726.16614,700444,2008,032,5758,873,225
2023-11-27$1.24$1.4087.0%25.3%101.1%1.8%89.4%6.2%0.4%714.2K-44.3M-1.2M1.134.94485,350546,2007,255,6758,369,625
2023-11-28$1.27$1.3883.5%24.0%100.7%0.0%83.2%6.0%0.8%1.8M-70.9M-1.2M0.717.06922,700659,2257,403,3258,499,750
2023-11-29$1.28$1.3688.3%26.1%100.1%2.6%92.1%0.7%0.0%2.6M-93.6M-1.4M0.2913.712,495,525731,3757,629,2758,666,025
2023-11-30$1.25$1.3690.2%26.4%99.1%3.6%94.1%-0.6%-1.3%986.2K-50.8M-1.3M0.539.00784,400415,4007,848,6008,848,325