CVNA Options History — January 2025

In January 2025, CVNA traded between $7.12 and $9.93. ATM implied volatility averaged 72.0%, placing in the 34.7% IV rank vs the trailing year. The 30-day expected move averaged 23.1%. IV traded above realized volatility by 5.3% (HV 20d: 66.7%). Max pain ranged from $6.60 to $8.80. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 1.19.

Notable Days

  • 2025-01-16: Highest Volume — 5,978,150 contracts
  • 2025-01-16: Largest IV spike — 19.5% change
  • 2025-01-06: Highest IV Rank — 45.0%
  • 2025-01-06: Largest Expected Move — 27.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.78$7.12$9.93$7.90$9.93
Max Pain$8.14$6.60$8.80$6.60$8.80
ATM IV72.0%55.0%81.1%74.2%76.1%
Expected Move23.1%20.9%27.4%23.5%24.0%
HV 20d66.7%48.8%76.9%48.8%65.8%
HV 60d59.9%52.4%63.8%53.5%52.4%
IV Rank34.7%15.2%45.0%37.2%39.3%
IV Percentile46.5%18.7%61.9%46.4%53.6%
Term Structure2.4%-4.9%17.8%-0.8%-4.3%
VWIV82.0%74.8%94.6%81.7%87.3%
Skew 25d7.8%2.7%18.7%18.7%7.8%
Skew 10d21.1%7.7%55.8%31.5%17.2%
Call IV 25d68.3%53.2%77.9%65.4%73.7%
Put IV 25d76.1%58.6%92.0%84.1%81.5%
Bid-Ask Spread %25.3218.1034.9534.9525.66
Gamma HHI0.110.060.270.060.14
Net GEX23.4M-38.2M66.6M-9.2M58.5M
Net DEX-1.20B-3.10B389.2M-346.4M-1.44B
Net VEX-5.6M-6.6M-4.5M-4.6M-6.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.190.532.012.010.58
Total Volume2,277,420717,7505,978,1502,789,4502,961,500
Total OI12,063,447.57,787,05017,391,12513,375,1009,071,500

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$7.90$6.6074.2%23.5%48.8%37.2%81.7%18.7%-0.8%-9.2M-346.4M-4.6M2.0134.95925,5751,863,8754,940,6008,434,500
2025-01-03$7.12$6.6078.0%24.5%57.4%41.5%86.3%14.0%-2.7%-20.8M389.2M-4.5M1.8128.342,102,0503,804,2005,238,8008,977,150
2025-01-06$7.50$7.4081.1%27.4%62.5%45.0%94.6%14.1%-0.7%1.3M-384.3M-5.1M1.6222.951,111,0001,794,3505,182,7009,022,475
2025-01-07$7.85$7.4076.1%25.3%66.1%39.3%89.5%9.9%-0.2%18.7M-844.0M-5.6M1.2220.211,573,4501,912,1505,588,5759,597,575
2025-01-08$7.92$7.4067.8%23.7%66.5%29.8%84.3%8.3%1.0%22.6M-854.8M-5.4M0.9321.991,242,8251,151,8755,756,7259,966,550
2025-01-10$7.72$7.8062.1%21.4%65.3%23.4%75.9%8.9%-0.2%7.5M-583.6M-4.8M1.0230.291,557,1501,584,5505,924,62510,023,250
2025-01-13$7.76$8.0061.9%22.0%60.1%23.1%77.1%7.4%16.4%22.9M-802.6M-4.8M0.5331.15804,250426,3505,231,1509,303,675
2025-01-14$7.77$8.0059.8%21.3%60.3%20.7%75.8%6.8%13.6%26.0M-812.2M-4.7M1.1831.02476,725562,2505,172,5009,363,350
2025-01-15$8.53$8.0055.0%20.9%70.8%15.2%74.8%5.4%17.3%66.6M-2.04B-4.8M1.6732.06749,4001,249,3755,269,4009,489,625
2025-01-16$9.29$8.0065.7%22.8%76.9%27.4%81.6%4.2%17.1%45.4M-3.10B-5.1M1.0418.102,937,0003,041,1505,399,3259,794,300
2025-01-17$9.20$8.4063.9%21.5%76.9%25.4%76.7%4.6%17.8%-38.2M-2.84B-6.6M1.3022.86884,2501,151,1256,284,62511,106,500
2025-01-21$9.24$8.8075.6%22.2%70.8%38.7%78.6%5.9%0.6%31.7M-1.01B-6.3M1.6122.20274,600443,1503,519,2504,267,800
2025-01-22$9.46$8.8079.4%22.8%69.9%43.0%80.7%4.9%-2.4%38.9M-1.25B-6.1M0.7321.63839,125612,2753,582,7254,439,875
2025-01-23$9.66$8.8077.4%22.4%70.1%40.8%80.4%2.7%-4.3%45.0M-1.51B-6.3M1.2720.65658,000836,8003,824,5504,590,675
2025-01-24$9.63$8.8075.9%22.2%70.2%39.1%79.9%3.5%-3.9%-184.2K-1.55B-6.4M1.9420.95415,525807,5254,118,5754,996,050
2025-01-27$9.68$8.8078.1%23.3%70.2%41.6%83.2%7.0%-2.6%31.2M-1.19B-6.3M1.2126.13528,025636,4253,411,6254,612,875
2025-01-28$9.81$8.8077.6%23.1%70.2%41.0%82.7%7.9%-4.9%42.1M-1.35B-6.3M0.6224.49689,825425,0003,614,2754,737,050
2025-01-29$9.85$8.8078.0%23.9%67.7%41.5%84.3%7.4%-3.3%44.7M-1.38B-6.3M0.8220.25594,975488,4753,699,8004,892,675
2025-01-30$9.71$8.8076.9%24.0%67.5%40.3%84.0%7.6%-4.7%32.6M-1.16B-6.3M0.7730.56811,300620,9503,746,3255,075,350
2025-01-31$9.93$8.8076.1%24.0%65.8%39.3%87.3%7.8%-4.3%58.5M-1.44B-6.3M0.5825.661,868,8501,092,6503,850,5255,220,975