CVNA Options History — July 2024

In July 2024, CVNA traded between $4.87 and $5.83. ATM implied volatility averaged 94.2%, placing in the 37.4% IV rank vs the trailing year. The 30-day expected move averaged 26.5%. IV traded above realized volatility by 31.1% (HV 20d: 63.1%). Max pain ranged from $3.80 to $4.40. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.57.

Notable Days

2024-07-12: Highest Volume — 4,986,525 contracts
2024-07-31: Largest IV drop — 7.1% change
2024-07-29: Highest IV Rank — 56.6%
2024-07-29: Largest Expected Move — 33.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.20	$4.87	$5.83	$4.92	$5.38
Max Pain	$4.00	$3.80	$4.40	$4.40	$4.00
ATM IV	94.2%	83.5%	99.9%	83.5%	91.2%
Expected Move	26.5%	17.3%	33.2%	17.3%	31.4%
HV 20d	63.1%	57.1%	67.8%	62.6%	60.7%
HV 60d	79.6%	57.6%	83.0%	82.4%	58.6%
IV Rank	37.4%	20.9%	56.6%	20.9%	44.2%
IV Percentile	42.9%	21.8%	58.3%	21.8%	36.9%
Term Structure	-4.5%	-8.3%	0.4%	0.4%	-5.6%
VWIV	92.5%	61.4%	115.1%	62.1%	107.5%
Skew 25d	1.8%	-5.8%	7.9%	-0.7%	4.2%
Skew 10d	2.7%	-15.6%	15.2%	-15.6%	10.2%
Call IV 25d	93.4%	85.9%	102.1%	90.1%	90.4%
Put IV 25d	95.2%	88.7%	102.7%	89.4%	94.6%
Bid-Ask Spread %	15.49	7.39	25.98	23.36	12.33
Gamma HHI	0.10	0.05	0.27	0.12	0.06
Net GEX	17.3M	-1.8M	37.6M	16.9M	9.9M
Net DEX	-1.14B	-2.09B	-487.1M	-977.5M	-911.8M
Net VEX	-3.9M	-4.3M	-3.4M	-3.9M	-4.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.57	0.24	1.38	0.42	0.65
Total Volume	1,817,072.727	539,900	4,986,525	1,341,425	2,940,725
Total OI	12,337,011.364	11,172,525	13,483,450	11,172,525	12,948,725

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
2024-07-01	$4.92	$4.40	83.5%	17.3%	62.6%	20.9%	62.1%	-0.7%	0.4%	16.9M	-977.5M	-3.9M	0.42	23.36	942,550	398,875	5,221,075	5,951,450
2024-07-02	$5.12	$4.40	89.1%	17.8%	63.0%	26.0%	63.8%	-5.5%	-2.7%	25.3M	-1.30B	-3.9M	0.57	25.98	638,575	361,950	5,618,500	6,039,875
2024-07-03	$5.10	$4.40	94.8%	17.6%	63.1%	31.1%	61.4%	-0.3%	-3.5%	26.1M	-1.29B	-3.8M	0.25	25.75	431,025	108,875	5,751,225	6,103,275
2024-07-05	$5.07	$3.80	95.0%	24.9%	63.1%	31.3%	88.0%	2.3%	-4.4%	20.0M	-1.23B	-3.7M	0.40	19.85	732,425	292,750	5,733,975	6,132,250
2024-07-08	$4.87	$3.80	94.9%	25.2%	65.6%	31.1%	89.0%	2.1%	-6.4%	20.1M	-942.2M	-3.5M	0.58	17.83	727,775	424,450	5,457,650	5,927,825
2024-07-09	$5.03	$3.80	95.1%	25.4%	65.9%	31.4%	88.7%	4.7%	-4.8%	23.0M	-1.15B	-3.5M	0.57	20.81	432,525	246,350	5,556,925	6,094,725
2024-07-10	$5.22	$3.80	96.4%	25.7%	66.6%	32.5%	90.6%	-5.8%	-8.3%	29.1M	-1.44B	-3.4M	0.24	22.14	2,514,175	599,050	5,694,425	6,168,825
2024-07-11	$5.22	$3.80	94.5%	25.3%	63.4%	30.8%	89.5%	0.2%	-8.1%	37.6M	-1.46B	-3.6M	0.35	23.92	1,311,500	457,075	6,156,850	6,344,725
2024-07-12	$5.46	$3.80	94.0%	25.8%	62.5%	30.3%	90.8%	1.0%	-4.8%	35.0M	-1.88B	-3.4M	0.36	21.80	3,677,725	1,308,800	6,243,775	6,468,350
2024-07-15	$5.67	$4.00	94.8%	26.7%	61.3%	32.2%	93.8%	-1.2%	-1.7%	29.6M	-1.93B	-3.7M	0.40	15.72	1,464,525	580,775	6,104,175	6,341,175
2024-07-16	$5.83	$4.00	95.4%	27.1%	57.1%	32.8%	95.0%	-1.0%	-5.9%	28.6M	-2.09B	-3.6M	0.40	20.57	1,313,050	524,025	6,301,975	6,624,675
2024-07-17	$5.32	$4.00	94.8%	27.2%	67.0%	32.4%	96.0%	-0.2%	-4.8%	11.0M	-1.35B	-3.6M	0.87	11.69	1,242,250	1,079,625	6,247,500	6,872,000
2024-07-18	$5.20	$4.00	93.0%	26.8%	67.8%	30.7%	93.2%	2.4%	-1.4%	10.1M	-1.18B	-3.5M	0.32	11.25	1,413,575	445,275	6,184,100	6,889,375
2024-07-19	$5.23	$4.00	93.4%	27.0%	67.0%	36.7%	94.4%	1.6%	-4.0%	28.9M	-1.33B	-3.6M	1.38	9.54	1,216,075	1,675,350	6,499,000	6,984,450
2024-07-22	$5.15	$4.00	93.0%	27.4%	66.9%	40.8%	94.8%	-0.2%	-6.7%	6.2M	-739.8M	-4.2M	0.41	8.77	955,325	393,400	4,474,100	7,209,375
2024-07-23	$5.14	$4.00	92.0%	28.3%	63.3%	43.7%	96.8%	6.0%	0.1%	5.6M	-695.4M	-4.2M	0.62	8.51	778,525	481,250	4,651,000	7,457,100
2024-07-24	$4.95	$4.00	93.1%	28.5%	60.0%	46.9%	97.9%	7.9%	-3.0%	-1.8M	-487.1M	-4.3M	0.61	8.00	540,775	328,525	4,818,000	7,625,450
2024-07-25	$4.99	$4.00	97.3%	29.9%	59.8%	52.8%	103.9%	6.7%	-8.1%	-995.7K	-576.9M	-4.2M	0.52	8.05	883,450	462,050	4,995,975	7,710,900
2024-07-26	$5.30	$4.00	98.4%	31.0%	60.9%	54.4%	107.8%	2.9%	-7.4%	14.3M	-949.1M	-4.3M	1.05	9.91	1,019,525	1,071,475	5,308,675	7,865,125
2024-07-29	$5.12	$4.00	99.9%	33.2%	61.9%	56.6%	114.3%	6.2%	-4.3%	3.7M	-654.9M	-4.3M	0.45	7.67	1,808,200	805,575	4,380,225	7,558,325
2024-07-30	$5.05	$4.00	98.2%	33.1%	58.1%	54.1%	115.1%	6.4%	-4.3%	3.2M	-593.7M	-4.3M	1.14	7.39	441,025	504,800	4,830,700	7,866,450
2024-07-31	$5.38	$4.00	91.2%	31.4%	60.7%	44.2%	107.5%	4.2%	-5.6%	9.9M	-911.8M	-4.1M	0.65	12.33	1,787,625	1,153,100	4,933,075	8,015,650