CVNA Options History — November 2024

In November 2024, CVNA traded between $8.96 and $10.40. ATM implied volatility averaged 45.3%, placing in the 3.0% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded below realized volatility by 22.3% (HV 20d: 67.6%). Max pain ranged from $7.20 to $9.60. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.76.

Notable Days

  • 2024-11-01: Highest Volume — 4,521,625 contracts
  • 2024-11-11: Largest IV spike — 14.9% change
  • 2024-11-22: Highest IV Rank — 7.4%
  • 2024-11-01: Largest Expected Move — 14.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.81$8.96$10.40$9.25$10.40
Max Pain$8.75$7.20$9.60$7.20$9.60
ATM IV45.3%41.6%49.7%49.7%44.9%
Expected Move13.2%12.4%14.7%14.7%13.1%
HV 20d67.6%41.1%70.5%67.0%41.1%
HV 60d52.2%50.1%55.3%54.1%50.1%
IV Rank3.0%0.0%7.4%0.0%3.8%
IV Percentile1.6%0.0%5.2%0.0%4.0%
Term Structure0.1%-2.8%1.6%1.0%-0.2%
VWIV47.1%44.2%54.5%54.5%46.6%
Skew 25d2.3%-0.4%4.7%4.7%0.4%
Skew 10d5.8%0.8%10.4%7.7%3.0%
Call IV 25d44.7%40.4%49.3%46.1%44.6%
Put IV 25d47.0%42.9%51.0%50.7%45.0%
Bid-Ask Spread %36.6925.5251.7236.0034.95
Gamma HHI0.100.070.150.120.15
Net GEX62.7M15.7M83.4M15.7M80.6M
Net DEX-3.12B-3.61B-2.33B-2.79B-3.45B
Net VEX-5.2M-5.5M-4.9M-5.5M-4.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.331.871.870.53
Total Volume1,357,122.5617,6504,521,6254,521,625617,650
Total OI12,951,883.7511,482,37515,129,42515,129,42512,616,000

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-11-01$9.25$7.2049.7%14.7%67.0%0.0%54.5%4.7%1.0%15.7M-2.79B-5.5M1.8736.001,573,5002,948,1256,086,5759,042,850
2024-11-04$8.96$8.4048.3%14.3%68.7%0.0%51.7%4.4%-0.5%37.6M-2.33B-5.4M1.5533.67585,250904,5505,127,9257,827,275
2024-11-05$9.43$8.4046.6%13.6%68.3%0.0%50.9%4.5%0.6%50.2M-2.98B-5.2M0.6335.68731,400461,1255,138,3508,032,325
2024-11-06$9.51$8.4042.9%12.5%68.2%0.0%45.8%3.0%0.9%63.4M-3.11B-5.1M0.3643.751,300,825466,0755,314,3008,094,750
2024-11-07$9.64$8.4041.6%12.4%68.2%0.0%44.3%2.6%1.6%78.6M-3.36B-5.1M0.3342.611,093,575365,6505,741,5508,181,325
2024-11-08$9.73$8.8041.6%12.4%68.1%0.0%44.2%2.4%0.8%83.4M-3.47B-5.3M0.6944.70679,700469,9756,011,8758,268,250
2024-11-11$10.01$8.8047.8%13.9%67.9%7.1%49.8%1.5%1.2%70.2M-3.61B-5.3M0.3337.051,243,975406,6255,395,1757,686,250
2024-11-12$9.84$8.8046.4%13.3%68.7%5.5%46.9%2.2%-0.2%64.1M-3.34B-5.1M0.6442.60515,475330,0505,391,6007,818,250
2024-11-13$9.68$8.8044.5%13.0%69.5%3.3%46.4%3.2%0.8%55.7M-3.07B-5.1M0.6451.72503,900320,3755,559,3007,989,200
2024-11-14$9.59$8.8044.7%13.0%69.7%3.5%46.1%2.8%0.9%52.8M-2.89B-5.3M1.6846.90232,075390,4005,643,0508,048,150
2024-11-15$9.63$8.8044.8%13.0%69.5%3.6%46.7%2.5%1.0%50.7M-2.98B-5.0M0.6542.59851,450553,6005,692,3757,946,800
2024-11-18$9.77$8.8044.7%12.9%69.1%3.6%45.2%2.9%-0.8%57.4M-2.82B-5.0M0.4728.13547,125256,5504,850,5256,631,850
2024-11-19$9.98$8.8045.6%13.1%68.5%4.6%46.1%2.8%-0.4%65.6M-3.13B-5.0M0.4429.11769,825337,8004,999,6506,654,900
2024-11-20$9.78$8.8046.0%13.2%69.3%5.0%46.3%2.8%-0.7%71.4M-2.81B-5.2M0.4032.88721,650291,7755,286,8506,833,600
2024-11-21$9.92$8.8044.6%12.8%69.3%3.4%45.2%2.4%-1.2%71.3M-2.98B-5.1M0.8731.75375,975327,4755,242,6506,880,425
2024-11-22$10.29$8.8048.1%14.0%69.9%7.4%48.6%-0.4%-2.8%69.9M-3.57B-5.1M0.4033.872,356,000948,9005,329,1756,982,850
2024-11-25$10.37$9.1046.2%13.6%69.9%5.3%47.9%0.2%-0.1%73.2M-3.43B-5.3M0.5925.52738,400432,5005,227,5256,764,325
2024-11-26$10.23$9.2043.4%12.6%70.4%2.0%44.8%0.4%0.5%69.8M-3.18B-5.3M1.3129.70269,775352,5255,303,3006,944,575
2024-11-27$10.22$9.6043.6%12.8%70.5%2.2%44.9%0.8%0.2%72.0M-3.14B-5.3M0.7930.57485,350385,5005,397,7257,054,250
2024-11-29$10.40$9.6044.9%13.1%41.1%3.8%46.6%0.4%-0.2%80.6M-3.45B-4.9M0.5334.95404,175213,4755,459,8757,156,125