CVNA Options History — April 2024

In April 2024, CVNA traded between $2.79 and $3.49. ATM implied volatility averaged 102.9%, placing in the 22.8% IV rank vs the trailing year. The 30-day expected move averaged 28.7%. IV traded above realized volatility by 45.2% (HV 20d: 57.7%). Max pain ranged from $2.20 to $3.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.93.

Notable Days

2024-04-15: Highest Volume — 4,232,725 contracts
2024-04-04: Largest IV spike — 7.4% change
2024-04-04: Highest IV Rank — 26.2%
2024-04-30: Largest Expected Move — 34.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.14	$2.79	$3.49	$3.49	$3.32
Max Pain	$2.45	$2.20	$3.00	$3.00	$2.40
ATM IV	102.9%	98.2%	107.3%	98.2%	102.9%
Expected Move	28.7%	20.7%	34.4%	21.5%	34.4%
HV 20d	57.7%	48.0%	69.1%	65.8%	57.3%
HV 60d	94.3%	92.6%	96.6%	94.0%	93.7%
IV Rank	22.8%	19.1%	26.2%	19.1%	22.8%
IV Percentile	41.1%	32.1%	46.8%	32.1%	44.4%
Term Structure	-3.7%	-6.4%	1.9%	-1.6%	-5.3%
VWIV	101.1%	74.2%	119.6%	77.7%	119.6%
Skew 25d	4.4%	-3.3%	9.4%	1.5%	8.2%
Skew 10d	6.3%	-5.8%	14.5%	-5.0%	13.5%
Call IV 25d	101.6%	94.1%	108.7%	102.5%	97.4%
Put IV 25d	106.0%	102.1%	110.0%	104.0%	105.6%
Bid-Ask Spread %	7.89	4.71	14.25	7.16	8.46
Gamma HHI	0.08	0.07	0.12	0.07	0.09
Net GEX	2.7M	-6.3M	7.3M	5.1M	5.8M
Net DEX	-540.3M	-911.2M	-142.8M	-827.0M	-766.1M
Net VEX	-3.2M	-3.5M	-2.9M	-3.5M	-3.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.93	0.19	3.45	0.57	0.49
Total Volume	1,582,835.227	565,100	4,232,725	1,061,725	1,189,500
Total OI	13,705,201.136	11,102,950	15,598,250	13,150,550	12,497,725

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
2024-04-01	$3.49	$3.00	98.2%	21.5%	65.8%	19.1%	77.7%	1.5%	-1.6%	5.1M	-827.0M	-3.5M	0.57	7.16	676,050	385,675	5,639,300	7,511,250
2024-04-02	$3.30	$3.00	101.7%	20.7%	69.1%	21.8%	74.2%	-2.5%	-4.0%	1.1M	-598.4M	-3.4M	0.34	10.42	1,313,400	451,850	5,950,775	7,664,900
2024-04-03	$3.31	$3.00	99.9%	21.1%	65.3%	20.4%	79.9%	0.8%	-0.6%	3.8M	-682.4M	-3.5M	0.19	5.13	982,700	188,950	6,573,100	7,734,400
2024-04-04	$3.31	$2.40	107.3%	28.3%	65.3%	26.2%	100.8%	3.6%	1.9%	4.0M	-672.5M	-3.5M	0.69	6.84	826,850	569,025	7,015,550	7,751,375
2024-04-05	$3.34	$2.40	105.7%	27.9%	64.7%	25.0%	98.9%	0.4%	-5.0%	3.8M	-712.8M	-3.4M	1.36	7.75	427,925	583,325	7,076,800	7,885,575
2024-04-08	$3.34	$2.40	105.3%	28.2%	60.5%	24.6%	101.5%	0.4%	-4.7%	6.0M	-712.7M	-3.3M	0.93	6.62	292,900	272,200	6,187,775	7,541,300
2024-04-09	$3.35	$2.40	102.7%	27.8%	51.8%	22.6%	98.0%	-3.3%	-5.0%	6.0M	-719.0M	-3.2M	0.92	6.10	426,150	391,100	6,248,200	7,655,175
2024-04-10	$3.21	$2.40	104.2%	28.3%	53.8%	23.8%	100.0%	1.6%	-5.8%	-408.1K	-526.3M	-3.2M	0.70	6.01	916,975	637,600	6,382,400	7,767,950
2024-04-11	$3.23	$2.40	102.3%	28.0%	53.0%	22.3%	98.7%	3.2%	-5.6%	-2.7M	-549.3M	-3.2M	1.13	5.74	1,279,200	1,441,150	6,382,525	7,870,025
2024-04-12	$3.00	$2.40	105.3%	29.0%	57.8%	24.7%	101.1%	5.9%	-6.3%	-6.3M	-261.2M	-3.1M	0.96	5.20	1,260,025	1,209,200	6,501,000	8,208,550
2024-04-15	$2.80	$2.20	104.5%	29.7%	60.5%	24.0%	102.6%	6.7%	-0.1%	-2.9M	-142.8M	-2.9M	0.35	14.25	3,137,200	1,095,525	6,148,325	7,831,200
2024-04-16	$2.83	$2.20	101.0%	28.6%	59.8%	21.2%	99.9%	6.7%	-2.9%	651.9K	-252.0M	-3.0M	0.90	10.42	582,075	522,450	6,950,925	7,882,350
2024-04-17	$2.79	$2.20	102.6%	29.4%	59.3%	22.5%	103.0%	7.8%	-5.4%	759.3K	-224.2M	-3.0M	1.29	11.84	718,825	927,575	7,087,125	7,988,575
2024-04-18	$2.85	$2.40	103.2%	29.8%	52.2%	23.0%	103.2%	5.6%	-5.3%	2.1M	-377.8M	-3.0M	0.62	9.43	959,350	596,750	7,429,750	8,108,125
2024-04-19	$2.84	$2.40	102.9%	30.1%	48.4%	22.7%	105.4%	6.6%	-3.5%	4.0K	-343.7M	-2.9M	1.49	12.50	458,075	680,300	7,433,550	8,164,700
2024-04-22	$2.85	$2.40	104.1%	31.1%	48.0%	23.7%	112.1%	5.7%	0.4%	4.4M	-323.6M	-2.9M	3.45	8.54	343,825	1,186,375	5,379,800	5,723,150
2024-04-23	$3.03	$2.40	102.8%	30.9%	53.1%	22.7%	107.2%	9.4%	-6.4%	4.8M	-512.1M	-3.1M	0.47	6.23	1,359,300	636,300	5,482,325	6,249,450
2024-04-24	$3.02	$2.40	103.2%	31.2%	50.3%	23.0%	109.0%	6.4%	-5.7%	4.5M	-475.5M	-3.1M	0.75	5.24	618,875	461,325	5,844,775	6,509,275
2024-04-25	$3.08	$2.40	102.5%	31.6%	51.3%	22.4%	111.1%	7.0%	-4.6%	4.9M	-559.7M	-3.2M	1.29	6.52	373,125	481,525	5,969,875	6,584,725
2024-04-26	$3.36	$2.40	100.6%	31.4%	60.7%	21.0%	108.1%	7.6%	-3.4%	7.3M	-911.2M	-3.2M	1.30	8.55	1,148,325	1,492,825	6,049,075	6,658,900
2024-04-29	$3.34	$2.40	101.0%	33.0%	60.7%	21.3%	112.6%	8.0%	-3.0%	5.7M	-735.7M	-3.2M	0.37	4.71	966,375	354,325	5,679,325	6,313,475
2024-04-30	$3.32	$2.40	102.9%	34.4%	57.3%	22.8%	119.6%	8.2%	-5.3%	5.8M	-766.1M	-3.4M	0.49	8.46	800,925	388,575	6,055,800	6,441,925