CVNA Options History — February 2024

In February 2024, CVNA traded between $1.70 and $3.26. ATM implied volatility averaged 112.7%, placing in the 17.8% IV rank vs the trailing year. The 30-day expected move averaged 32.3%. IV traded above realized volatility by 27.2% (HV 20d: 85.5%). Max pain ranged from $1.80 to $2.08. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.57.

Notable Days

  • 2024-02-23: Highest Volume — 13,559,325 contracts
  • 2024-02-23: Largest IV drop — 25.1% change
  • 2024-02-21: Highest IV Rank — 29.2%
  • 2024-02-22: Largest Expected Move — 39.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.25$1.70$3.26$1.70$3.02
Max Pain$1.84$1.80$2.08$1.80$2.08
ATM IV112.7%84.3%129.4%111.7%84.3%
Expected Move32.3%24.5%39.4%30.1%24.5%
HV 20d85.5%60.4%132.0%60.4%131.3%
HV 60d90.2%81.8%106.9%88.1%104.6%
IV Rank17.8%0.7%29.2%15.2%0.7%
IV Percentile41.0%1.2%61.9%40.5%1.2%
Term Structure-4.4%-10.9%0.3%-4.8%0.3%
VWIV115.0%91.2%137.3%106.0%93.1%
Skew 25d2.5%-5.4%7.5%1.9%-3.1%
Skew 10d6.5%-8.8%18.3%5.6%-8.8%
Call IV 25d113.3%88.7%132.2%113.4%88.7%
Put IV 25d115.8%85.6%135.7%115.4%85.6%
Bid-Ask Spread %13.036.0520.5412.8210.18
Gamma HHI0.110.060.310.070.14
Net GEX12.4M4.3M30.8M4.3M12.8M
Net DEX-754.9M-1.91B-155.2M-155.2M-1.38B
Net VEX-2.1M-3.0M-1.6M-1.6M-3.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.181.070.780.51
Total Volume3,112,886.25654,67513,559,3251,124,8002,325,975
Total OI14,574,272.511,848,02517,087,75014,175,77516,839,025

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-02-01$1.70$1.80111.7%30.1%60.4%15.2%106.0%1.9%-4.8%4.3M-155.2M-1.6M0.7812.82633,325491,4758,028,7256,147,050
2024-02-02$1.73$1.80110.1%30.0%60.9%14.3%105.3%2.1%-4.4%6.1M-192.1M-1.6M0.3212.901,666,325530,1758,145,1256,219,250
2024-02-05$1.75$1.80111.9%30.7%61.2%15.3%108.9%5.1%-3.2%5.7M-216.2M-1.6M0.6112.37407,850246,8257,273,8255,961,100
2024-02-06$1.91$1.80115.4%31.3%68.3%17.2%113.0%2.6%-6.4%12.0M-412.9M-1.7M0.5613.252,344,3501,306,2257,417,5006,049,075
2024-02-07$1.93$1.80115.4%32.0%68.0%17.2%112.2%3.6%-3.8%14.2M-438.5M-1.9M0.4916.46748,700366,3008,197,1256,802,525
2024-02-08$2.08$1.80117.2%32.5%72.4%19.7%117.1%3.3%-4.0%15.6M-672.4M-1.9M0.5312.652,060,1251,097,7008,262,5506,866,400
2024-02-09$2.11$1.80113.4%31.6%71.5%17.6%110.9%4.4%-4.4%14.6M-671.6M-2.0M0.2917.631,734,775505,5758,326,5757,045,775
2024-02-12$2.21$1.80122.1%34.6%68.8%23.3%124.2%5.5%-6.1%12.6M-698.6M-2.0M0.3713.722,073,925758,4007,447,4506,495,550
2024-02-13$2.07$1.80125.3%35.8%73.0%25.2%127.7%5.5%-6.9%8.9M-476.5M-1.9M0.3918.961,620,600635,2757,579,4756,939,000
2024-02-14$2.17$1.80124.5%35.7%74.2%25.1%128.1%1.7%-6.4%12.0M-626.9M-2.0M0.3510.13906,075319,1008,015,1507,102,200
2024-02-15$2.30$1.80121.8%35.1%75.9%24.4%124.7%5.6%-3.5%15.7M-791.9M-2.1M0.1820.542,470,625435,9758,237,0007,196,525
2024-02-16$2.09$1.80124.7%36.4%84.5%26.2%127.5%5.1%-6.1%12.0M-652.4M-2.4M0.4214.121,302,525550,4259,766,0757,321,675
2024-02-20$2.06$1.80125.7%37.8%80.7%26.9%135.1%7.5%-6.1%8.5M-515.8M-2.2M0.756.05689,350515,6007,093,0254,755,000
2024-02-21$1.97$1.80129.4%39.2%80.1%29.2%137.0%4.6%-7.4%7.4M-420.1M-2.1M1.0710.90532,550571,6757,388,0505,016,475
2024-02-22$2.10$1.80128.5%39.4%78.1%28.7%137.3%3.5%-10.9%9.3M-557.4M-2.2M0.749.772,032,5501,505,9007,601,9505,354,925
2024-02-23$2.77$1.8096.3%28.1%120.5%8.1%100.5%-0.2%-0.1%30.8M-1.63B-2.3M0.637.058,330,1505,229,1758,598,6756,302,325
2024-02-26$2.82$1.8086.8%25.1%120.5%2.1%91.2%-0.6%0.3%17.1M-1.27B-2.6M0.7012.112,219,2751,543,0007,563,3256,544,500
2024-02-27$3.26$2.0099.8%29.8%127.1%13.9%105.4%-5.4%-1.4%16.9M-1.91B-2.6M0.7612.384,709,0503,556,9007,975,0756,842,300
2024-02-28$3.03$2.0489.8%26.3%132.0%5.4%94.8%-3.2%-2.9%12.1M-1.42B-3.0M0.9816.521,655,1751,628,7508,589,6758,178,425
2024-02-29$3.02$2.0884.3%24.5%131.3%0.7%93.1%-3.1%0.3%12.8M-1.38B-3.0M0.5110.181,535,550790,4258,593,5758,245,450