CVNA Options History — June 2024

In June 2024, CVNA traded between $3.95 and $5.31. ATM implied volatility averaged 66.5%, placing in the 5.5% IV rank vs the trailing year. The 30-day expected move averaged 18.7%. IV traded above realized volatility by 14.7% (HV 20d: 51.8%). Max pain ranged from $4.00 to $4.40. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 0.50.

Notable Days

  • 2024-06-25: Highest Volume — 4,312,300 contracts
  • 2024-06-25: Largest IV spike — 9.9% change
  • 2024-06-28: Highest IV Rank — 16.1%
  • 2024-06-25: Largest Expected Move — 20.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.48$3.95$5.31$3.95$5.22
Max Pain$4.34$4.00$4.40$4.00$4.40
ATM IV66.5%61.3%78.1%65.7%78.1%
Expected Move18.7%17.8%20.7%18.8%18.6%
HV 20d51.8%40.7%62.3%48.1%58.7%
HV 60d80.6%79.4%82.9%82.9%81.2%
IV Rank5.5%0.8%16.1%4.0%16.1%
IV Percentile6.1%0.4%17.1%4.0%17.1%
Term Structure7.7%-0.7%24.2%2.4%24.2%
VWIV66.8%63.1%75.0%66.9%65.6%
Skew 25d0.6%-5.0%4.6%1.1%-0.9%
Skew 10d3.1%-2.0%12.1%5.7%1.0%
Call IV 25d66.4%60.6%80.5%65.7%72.2%
Put IV 25d67.1%60.3%75.6%66.8%71.3%
Bid-Ask Spread %21.1213.4628.4027.1128.40
Gamma HHI0.110.060.200.130.11
Net GEX17.0M-149.8K37.4M-149.8K26.1M
Net DEX-817.1M-1.75B-221.5M-221.5M-1.64B
Net VEX-3.6M-4.1M-3.3M-3.3M-3.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.232.130.610.51
Total Volume1,664,668.421561,3254,312,300853,6503,234,150
Total OI11,635,369.73710,284,30013,140,75010,284,30012,661,200

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-06-03$3.95$4.0065.7%18.8%48.1%4.0%66.9%1.1%2.4%-149.8K-221.5M-3.3M0.6127.11530,100323,5503,851,0506,433,250
2024-06-04$4.04$4.0065.4%18.0%47.8%3.7%63.1%4.6%5.1%1.5M-295.3M-3.4M0.5924.30352,500208,8253,863,9506,571,100
2024-06-05$4.15$4.0062.2%17.8%46.1%1.5%63.1%2.2%1.3%6.5M-418.4M-3.4M0.3622.70584,950213,2253,984,2256,675,825
2024-06-06$4.19$4.4061.5%18.7%45.6%1.0%65.2%3.2%5.8%10.6M-485.4M-3.5M0.4421.58710,800314,3004,183,2006,756,400
2024-06-07$4.29$4.4061.3%18.6%40.7%0.8%65.6%-0.6%0.5%20.5M-609.5M-3.5M0.5019.651,037,550515,6754,372,0006,867,775
2024-06-10$4.37$4.4064.4%19.3%41.1%3.0%68.2%-0.1%2.2%7.7M-641.5M-3.5M0.2318.591,270,350296,4003,958,1506,657,300
2024-06-11$4.17$4.4065.2%18.9%43.7%3.6%66.7%0.7%-0.7%6.0M-468.2M-3.6M0.2721.54971,525260,5254,433,3006,810,250
2024-06-12$4.42$4.4062.8%18.6%48.0%2.4%65.3%-2.4%2.3%18.1M-816.6M-3.7M0.3127.721,700,075533,7004,882,7256,917,200
2024-06-13$4.29$4.4064.9%19.2%48.8%4.3%65.8%4.0%2.3%12.3M-626.3M-3.7M0.4623.03892,375409,0505,036,1507,051,600
2024-06-14$4.09$4.4063.0%18.4%50.8%2.6%64.4%2.0%2.3%3.0M-369.0M-3.5M0.3421.561,174,125402,2755,200,2757,076,100
2024-06-17$4.34$4.4064.8%18.7%55.7%4.2%65.5%2.5%1.1%17.0M-688.8M-3.7M0.5223.52663,000344,0755,138,8756,828,550
2024-06-18$4.44$4.4062.4%18.0%56.4%2.0%68.4%1.4%4.6%24.8M-829.8M-3.7M0.2318.871,144,150262,7005,345,1006,956,750
2024-06-20$4.36$4.4065.4%18.3%56.4%4.7%69.0%2.1%7.8%20.3M-689.7M-3.6M0.3419.21887,825305,7255,790,1507,017,875
2024-06-21$4.50$4.4065.3%18.0%57.8%4.7%64.4%1.5%7.9%37.4M-911.5M-3.5M2.1321.32497,9251,060,4006,078,3507,062,400
2024-06-24$4.80$4.4068.3%18.9%58.0%7.3%68.2%1.9%19.2%26.3M-1.11B-3.8M0.2813.461,647,275468,1005,113,8005,652,325
2024-06-25$5.14$4.4075.0%20.7%62.3%13.4%75.0%-5.0%21.3%27.8M-1.56B-3.9M0.4114.273,064,9501,247,3505,521,9755,879,925
2024-06-26$5.05$4.4074.1%18.7%58.7%12.5%68.0%-3.3%16.2%29.7M-1.39B-4.1M0.5415.461,105,150596,1255,987,9756,197,575
2024-06-27$5.31$4.4073.6%19.7%60.3%12.1%71.1%-3.0%20.9%27.8M-1.75B-3.9M0.4919.041,610,375787,5505,936,4756,320,900
2024-06-28$5.22$4.4078.1%18.6%58.7%16.1%65.6%-0.9%24.2%26.1M-1.64B-3.9M0.5128.402,135,1251,099,0256,127,1006,534,100