CVNA Options History — September 2024

In September 2024, CVNA traded between $5.21 and $6.98. ATM implied volatility averaged 58.2%, placing in the 9.9% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded above realized volatility by 7.2% (HV 20d: 51.0%). Max pain ranged from $5.60 to $6.40. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 1.28.

Notable Days

  • 2024-09-20: Highest Volume — 3,777,200 contracts
  • 2024-09-30: Largest IV spike — 19.9% change
  • 2024-09-30: Highest IV Rank — 29.4%
  • 2024-09-10: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.18$5.21$6.98$5.75$6.95
Max Pain$6.01$5.60$6.40$5.60$6.40
ATM IV58.2%53.0%73.8%55.0%73.8%
Expected Move16.2%14.3%18.1%16.5%15.2%
HV 20d51.0%42.0%56.5%56.5%51.0%
HV 60d60.4%57.5%62.2%62.1%57.6%
IV Rank9.9%3.5%29.4%6.0%29.4%
IV Percentile7.6%1.6%29.0%4.0%29.0%
Term Structure6.9%-3.3%26.2%2.7%0.8%
VWIV57.8%49.6%65.7%57.9%54.5%
Skew 25d5.9%2.8%10.3%6.7%9.6%
Skew 10d11.1%5.9%20.0%13.7%13.1%
Call IV 25d54.9%46.4%75.9%54.4%75.9%
Put IV 25d60.8%56.4%85.5%61.2%85.5%
Bid-Ask Spread %22.8114.9031.9014.9018.37
Gamma HHI0.080.040.190.050.09
Net GEX14.3M-20.8M47.8M5.3M28.5M
Net DEX-922.3M-2.18B59.4M-451.5M-1.20B
Net VEX-3.9M-4.3M-3.6M-3.7M-4.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.280.324.132.151.00
Total Volume1,978,901.25462,0003,777,200786,0502,610,550
Total OI12,363,371.2510,390,57514,310,05012,336,25010,390,575

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-09-03$5.75$5.6055.0%16.5%56.5%6.0%57.9%6.7%2.7%5.3M-451.5M-3.7M2.1514.90249,175536,8754,779,4007,556,850
2024-09-04$5.80$5.6055.8%16.3%54.8%6.9%58.0%6.4%1.1%6.6M-510.5M-3.7M2.0117.48153,650308,3504,893,1007,662,650
2024-09-05$5.65$6.0056.8%17.1%48.7%8.2%60.6%6.2%3.6%-5.7M-304.1M-3.6M0.4824.192,014,950958,6504,917,9757,689,500
2024-09-06$5.40$6.0059.8%17.8%50.7%11.9%64.5%8.1%2.5%-20.8M59.4M-3.6M0.7228.801,310,650940,3255,316,4507,942,675
2024-09-09$5.43$6.0060.1%17.4%50.5%12.3%60.8%5.8%-0.4%-6.2M-238.9M-3.6M0.7631.901,630,0251,241,8254,205,6757,448,425
2024-09-10$5.21$6.0063.1%18.1%52.5%16.1%65.7%10.3%-1.5%-8.7M-55.8M-3.6M4.1323.26511,1752,113,3754,560,4507,587,975
2024-09-11$5.32$6.0060.1%16.9%43.9%12.3%62.6%8.2%-3.3%-8.2M-94.2M-3.8M0.5429.891,304,100702,1004,688,6757,988,750
2024-09-12$5.62$6.0056.8%16.5%48.1%8.1%59.3%6.8%2.3%24.0M-607.1M-3.9M0.3227.201,270,900409,3755,112,8508,013,000
2024-09-13$5.65$6.0053.5%16.0%42.0%4.1%56.0%5.8%4.4%47.8M-616.9M-3.9M1.5728.64622,975976,0005,448,3508,102,525
2024-09-16$6.08$5.8056.7%16.3%49.2%8.0%57.9%4.2%1.5%30.2M-1.15B-3.8M0.7423.211,420,2001,052,3754,421,2757,808,600
2024-09-17$6.23$6.0057.7%16.5%49.9%9.3%57.7%2.9%1.8%29.0M-1.30B-3.9M1.1816.611,184,9751,396,6504,674,1258,224,050
2024-09-18$6.45$6.0058.7%16.8%51.5%10.5%59.4%3.4%1.6%28.7M-1.60B-4.1M0.7527.581,337,3501,007,8004,914,1758,642,625
2024-09-19$6.78$6.0056.8%16.2%54.2%8.1%57.9%2.9%1.4%34.1M-2.02B-3.8M1.5623.35680,1501,063,3755,047,5508,863,050
2024-09-20$6.97$6.0055.2%15.8%53.9%6.2%56.4%2.9%1.1%32.0M-2.18B-3.7M0.9421.551,947,8751,829,3255,045,1259,264,925
2024-09-23$6.98$6.0056.6%15.9%52.7%8.0%56.0%3.8%19.3%21.4M-1.42B-4.0M1.4119.14657,550926,4503,683,8256,905,950
2024-09-24$6.90$6.2053.2%14.8%53.0%3.7%52.7%2.8%23.0%17.9M-1.32B-4.1M1.1717.24774,375905,2753,817,3007,038,250
2024-09-25$6.78$6.2053.0%14.8%53.5%3.5%53.4%6.8%23.6%6.5M-1.12B-4.3M1.5018.42562,475842,9754,094,7507,303,975
2024-09-26$6.81$6.2058.9%15.0%51.9%10.8%54.4%4.3%26.1%12.3M-1.18B-4.3M1.6025.01269,700431,0004,228,5007,349,900
2024-09-27$6.78$6.2061.5%14.3%51.0%14.1%49.6%10.2%26.2%10.6M-1.14B-4.2M1.0119.53707,100716,0254,244,7507,388,875
2024-09-30$6.95$6.4073.8%15.2%51.0%29.4%54.5%9.6%0.8%28.5M-1.20B-4.2M1.0018.371,305,1501,305,4003,743,0506,647,525