CVNA Options History — June 2025

In June 2025, CVNA traded between $11.70 and $13.87. ATM implied volatility averaged 51.1%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 6.1% (HV 20d: 45.0%). Max pain ranged from $10.40 to $13.20. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.86.

Notable Days

  • 2025-06-16: Highest Volume — 3,460,950 contracts
  • 2025-06-30: Largest IV spike — 19.8% change
  • 2025-06-30: Highest IV Rank — 27.1%
  • 2025-06-16: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.93$11.70$13.87$13.21$13.44
Max Pain$12.53$10.40$13.20$10.40$12.70
ATM IV51.1%45.8%64.8%50.3%64.8%
Expected Move14.3%13.2%15.9%14.5%14.0%
HV 20d45.0%29.1%54.3%54.1%51.5%
HV 60d93.2%89.0%99.9%99.9%89.0%
IV Rank11.1%4.9%27.1%10.1%27.1%
IV Percentile19.2%9.5%48.0%14.3%48.0%
Term Structure4.0%-1.1%15.8%0.3%0.2%
VWIV52.0%47.9%58.3%52.1%51.5%
Skew 25d7.6%5.5%11.2%5.5%10.2%
Skew 10d17.7%11.9%32.1%12.2%16.8%
Call IV 25d47.6%42.9%62.8%47.6%62.8%
Put IV 25d55.2%49.0%73.0%53.2%73.0%
Bid-Ask Spread %34.6816.0445.3339.5128.75
Gamma HHI0.120.060.300.140.10
Net GEX72.3M9.6M128.3M96.2M83.7M
Net DEX-2.40B-4.16B-722.1M-3.05B-2.66B
Net VEX-11.9M-13.9M-10.0M-10.0M-13.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.291.411.280.76
Total Volume1,613,358.75753,1753,460,9501,067,7501,480,975
Total OI10,832,0209,111,22513,038,9259,187,2759,804,300

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-06-02$13.21$10.4050.3%14.5%54.1%10.1%52.1%5.5%0.3%96.2M-3.05B-10.0M1.2839.51468,975598,7754,521,7254,665,550
2025-06-03$13.55$10.4048.8%13.8%54.3%8.4%49.9%5.9%0.9%109.9M-3.51B-10.2M0.9641.10499,950478,0004,642,3504,851,500
2025-06-04$13.87$10.4050.2%14.6%53.9%10.0%50.6%5.7%0.5%112.9M-3.96B-10.6M0.2939.012,015,700581,4504,798,0505,097,800
2025-06-05$13.78$12.8051.0%14.9%54.3%11.0%58.3%5.9%0.2%122.5M-4.16B-11.4M1.3535.76556,825752,1755,411,4755,406,600
2025-06-06$13.63$12.8050.9%14.8%43.5%10.9%54.1%5.7%-0.4%109.6M-3.83B-11.3M0.7244.86825,500591,9755,466,7255,736,800
2025-06-09$13.61$13.2045.8%13.3%33.5%4.9%47.9%6.1%0.6%104.8M-3.36B-11.0M0.6243.82687,775424,7255,041,0505,458,075
2025-06-10$13.48$13.2046.4%13.5%33.3%5.6%50.0%6.8%-0.1%99.8M-3.18B-11.0M1.4141.81312,825440,3505,229,5005,627,700
2025-06-11$13.53$13.2046.3%13.7%29.1%5.5%49.0%6.9%1.9%107.2M-3.26B-10.9M0.3542.51986,050348,7505,310,4005,761,075
2025-06-12$12.83$13.2048.5%14.2%33.8%8.0%48.2%7.8%1.5%49.0M-2.04B-10.6M1.0345.331,450,0251,493,2005,434,7755,867,875
2025-06-13$11.85$13.2055.1%15.7%43.5%15.8%56.6%11.2%-0.2%9.6M-722.1M-12.3M0.9941.791,560,9001,539,7006,158,1506,573,650
2025-06-16$11.70$12.8055.1%15.9%43.6%15.8%55.5%9.9%-1.1%23.6M-925.1M-12.1M0.6735.312,075,5501,385,4006,033,1006,380,225
2025-06-17$11.71$12.8055.2%15.8%43.2%15.8%55.1%9.8%-0.6%13.9M-919.8M-12.3M1.2944.55413,850535,9005,868,0256,743,400
2025-06-18$12.28$12.8050.6%14.5%46.5%10.5%53.5%8.2%1.5%46.1M-1.76B-12.7M0.9030.48693,950622,5006,020,7006,866,225
2025-06-20$12.77$12.8050.5%14.5%47.3%10.4%50.9%6.7%0.4%128.3M-2.50B-12.8M0.5731.891,167,925669,2756,096,0006,942,925
2025-06-23$12.86$12.8050.4%14.3%46.4%10.3%49.1%8.0%14.1%53.9M-1.87B-13.0M0.9616.04586,500562,5254,434,6004,676,625
2025-06-24$12.90$12.8047.3%13.2%46.3%6.6%51.9%7.5%14.3%61.2M-1.91B-12.8M0.5219.08850,050443,9004,560,3004,738,475
2025-06-25$12.59$12.8049.3%13.7%46.7%8.9%53.8%8.6%15.6%39.9M-1.50B-12.7M1.0716.58412,325440,3004,910,4004,894,450
2025-06-26$12.30$12.8051.7%13.9%46.5%11.8%54.5%7.5%14.3%9.7M-1.09B-12.5M0.5823.161,256,575731,1254,985,5255,069,100
2025-06-27$12.73$12.7054.1%13.6%48.2%14.5%48.2%8.1%15.8%64.5M-1.81B-13.3M0.9432.17683,525641,4005,382,0255,173,175
2025-06-30$13.44$12.7064.8%14.0%51.5%27.1%51.5%10.2%0.2%83.7M-2.66B-13.9M0.7628.75842,775638,2004,953,0254,851,275