CVNA Options History — August 2024

In August 2024, CVNA traded between $5.18 and $6.38. ATM implied volatility averaged 57.9%, placing in the 2.7% IV rank vs the trailing year. The 30-day expected move averaged 16.5%. IV traded below realized volatility by 9.0% (HV 20d: 66.9%). Max pain ranged from $4.20 to $5.60. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.69.

Notable Days

2024-08-01: Highest Volume — 5,947,950 contracts
2024-08-06: Largest IV drop — 13.2% change
2024-08-05: Highest IV Rank — 19.9%
2024-08-05: Largest Expected Move — 20.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.87	$5.18	$6.38	$5.76	$5.97
Max Pain	$5.20	$4.20	$5.60	$4.20	$5.60
ATM IV	57.9%	50.2%	74.2%	61.6%	50.2%
Expected Move	16.5%	14.0%	20.8%	18.6%	14.0%
HV 20d	66.9%	55.6%	74.5%	64.9%	55.6%
HV 60d	61.6%	59.0%	64.1%	60.0%	61.4%
IV Rank	2.7%	0.0%	19.9%	2.1%	0.0%
IV Percentile	2.4%	0.0%	14.7%	1.2%	0.0%
Term Structure	0.4%	-3.7%	3.2%	3.2%	0.5%
VWIV	58.9%	49.0%	74.1%	64.8%	49.0%
Skew 25d	4.2%	0.0%	13.8%	5.1%	6.0%
Skew 10d	7.8%	-1.8%	16.8%	-1.0%	6.5%
Call IV 25d	55.5%	46.7%	67.7%	61.0%	46.7%
Put IV 25d	59.8%	50.5%	81.5%	66.1%	52.7%
Bid-Ask Spread %	23.51	10.74	35.09	20.06	21.55
Gamma HHI	0.11	0.05	0.27	0.11	0.12
Net GEX	31.3M	-8.8M	73.5M	37.2M	-8.8M
Net DEX	-1.07B	-1.89B	-393.4M	-1.36B	-648.3M
Net VEX	-3.8M	-4.0M	-3.5M	-3.5M	-3.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.69	0.20	1.50	0.67	0.45
Total Volume	2,100,502.273	486,950	5,947,950	5,947,950	3,239,075
Total OI	12,979,710.227	11,449,300	14,582,650	14,070,150	13,553,925

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
2024-08-01	$5.76	$4.20	61.6%	18.6%	64.9%	2.1%	64.8%	5.1%	3.2%	37.2M	-1.36B	-3.5M	0.67	20.06	3,565,150	2,382,800	5,509,750	8,560,400
2024-08-02	$5.48	$4.40	67.4%	19.3%	67.7%	10.3%	68.1%	0.8%	2.5%	10.0M	-790.8M	-3.8M	0.84	16.68	1,526,050	1,281,375	5,488,075	8,889,225
2024-08-05	$5.34	$5.00	74.2%	20.8%	66.7%	19.9%	74.1%	13.8%	-3.0%	-1.1M	-536.8M	-4.0M	1.48	18.83	887,525	1,313,225	4,091,175	7,606,175
2024-08-06	$5.57	$5.00	64.4%	18.6%	67.3%	6.0%	66.1%	1.4%	1.4%	11.3M	-792.2M	-3.9M	0.60	26.54	894,800	536,075	4,332,500	7,998,775
2024-08-07	$5.18	$5.00	67.8%	19.1%	71.4%	11.0%	67.9%	1.6%	2.2%	-5.9M	-393.4M	-3.9M	0.62	27.28	983,225	607,725	4,496,400	8,150,475
2024-08-08	$5.34	$5.00	62.5%	17.6%	72.3%	3.3%	63.7%	7.9%	-0.1%	4.1M	-593.6M	-3.7M	0.33	31.96	1,273,675	414,600	4,640,075	8,186,850
2024-08-09	$5.42	$5.00	60.0%	17.1%	70.5%	0.0%	60.7%	7.3%	-3.7%	16.2M	-729.9M	-3.8M	0.57	30.79	851,000	487,675	4,934,100	8,208,375
2024-08-12	$5.35	$5.00	61.2%	16.9%	69.2%	1.6%	60.0%	10.3%	-3.1%	9.4M	-656.5M	-3.6M	0.71	35.09	930,675	662,550	4,412,975	7,746,350
2024-08-13	$5.80	$5.00	57.2%	16.5%	74.5%	0.0%	58.4%	1.9%	-0.1%	31.5M	-1.22B	-3.7M	0.56	22.88	1,565,050	869,475	4,822,000	7,978,225
2024-08-14	$5.68	$5.20	57.0%	16.4%	66.8%	0.0%	58.3%	4.9%	-0.7%	24.3M	-1.02B	-3.8M	0.72	30.24	868,900	627,725	5,318,100	8,237,800
2024-08-15	$6.05	$5.20	57.0%	16.4%	69.3%	0.0%	57.8%	0.0%	1.3%	47.0M	-1.61B	-3.7M	0.80	20.06	1,350,975	1,078,875	5,530,475	8,344,150
2024-08-16	$6.19	$5.20	55.4%	16.3%	69.5%	0.0%	58.2%	4.7%	1.7%	59.3M	-1.89B	-3.8M	0.38	24.84	2,203,875	843,725	5,862,025	8,720,625
2024-08-19	$6.21	$5.40	53.5%	15.4%	68.9%	0.0%	56.2%	2.3%	1.5%	42.5M	-1.33B	-3.8M	0.96	29.19	857,775	823,750	4,379,700	7,069,600
2024-08-20	$6.19	$5.40	53.5%	15.4%	69.0%	0.1%	55.4%	2.8%	1.3%	46.3M	-1.33B	-3.8M	1.50	10.74	194,625	292,325	4,774,800	7,419,275
2024-08-21	$6.25	$5.40	53.8%	15.4%	66.7%	0.5%	54.9%	1.3%	0.8%	54.3M	-1.44B	-3.7M	0.53	27.49	624,425	333,800	4,825,250	7,525,900
2024-08-22	$6.12	$5.40	54.2%	15.6%	67.6%	1.0%	55.3%	3.3%	-1.2%	56.8M	-1.19B	-3.7M	0.20	21.67	4,199,000	822,150	5,062,075	7,527,700
2024-08-23	$6.35	$5.60	52.3%	14.9%	65.8%	0.0%	54.2%	2.8%	-0.0%	73.5M	-1.64B	-3.9M	0.78	22.65	850,650	664,200	5,888,025	8,001,125
2024-08-26	$6.32	$5.60	53.6%	15.1%	64.1%	1.7%	54.9%	4.0%	1.8%	52.9M	-1.24B	-3.8M	0.89	25.43	374,000	334,550	5,162,100	7,414,025
2024-08-27	$6.38	$5.60	52.4%	14.5%	63.5%	0.2%	52.2%	0.9%	0.8%	72.1M	-1.37B	-3.6M	0.84	16.36	496,100	416,850	5,250,675	7,467,625
2024-08-28	$6.18	$5.60	53.9%	15.2%	62.1%	2.1%	54.5%	3.5%	0.3%	42.4M	-989.6M	-3.7M	0.51	18.65	1,042,050	533,850	5,322,975	7,559,900
2024-08-29	$6.04	$5.60	51.4%	14.7%	58.6%	0.0%	51.0%	6.3%	2.3%	12.6M	-736.2M	-3.6M	0.28	18.27	1,641,925	463,225	5,496,375	7,787,500
2024-08-30	$5.97	$5.60	50.2%	14.0%	55.6%	0.0%	49.0%	6.0%	0.5%	-8.8M	-648.3M	-3.6M	0.45	21.55	2,228,775	1,010,300	5,639,100	7,914,825