CVNA Options History — August 2025

In August 2025, CVNA traded between $13.59 and $15.04. ATM implied volatility averaged 48.2%, placing in the 7.7% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded below realized volatility by 10.3% (HV 20d: 58.5%). Max pain ranged from $12.80 to $12.80. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.76.

Notable Days

  • 2025-08-01: Highest Volume — 3,585,125 contracts
  • 2025-08-22: Largest IV drop — 6.3% change
  • 2025-08-21: Highest IV Rank — 12.3%
  • 2025-08-21: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.20$13.59$15.04$14.60$14.80
Max Pain$12.80$12.80$12.80$12.80$12.80
ATM IV48.2%46.2%52.2%50.0%46.5%
Expected Move13.9%13.2%15.0%14.5%13.2%
HV 20d58.5%38.7%64.2%58.8%38.7%
HV 60d49.2%47.2%54.5%54.4%49.1%
IV Rank7.7%5.4%12.3%9.8%5.7%
IV Percentile16.4%10.3%29.0%16.7%12.7%
Term Structure0.4%-1.0%1.6%-0.3%1.6%
VWIV49.2%45.8%53.0%50.9%47.4%
Skew 25d5.6%4.4%7.0%4.8%6.2%
Skew 10d13.4%9.0%30.8%9.0%30.8%
Call IV 25d45.7%43.8%48.9%47.2%43.8%
Put IV 25d51.2%49.1%55.9%52.0%50.0%
Bid-Ask Spread %50.8535.1759.7559.6949.96
Gamma HHI0.060.050.080.060.08
Net GEX63.8M8.7M143.8M60.0M112.0M
Net DEX-2.20B-3.35B-1.31B-2.86B-2.79B
Net VEX-14.6M-16.5M-12.9M-13.9M-15.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.311.290.701.20
Total Volume1,588,276.19696,7503,585,1253,585,125941,200
Total OI12,588,861.90511,516,22513,412,15013,412,15013,134,200

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-08-01$14.60$12.8050.0%14.5%58.8%9.8%50.9%4.8%-0.3%60.0M-2.86B-13.9M0.7059.692,105,0251,480,1006,501,0506,911,100
2025-08-04$14.43$12.8047.6%13.7%57.8%7.0%50.0%4.5%0.6%47.9M-2.55B-13.1M0.6958.391,321,425917,3255,604,5005,934,725
2025-08-05$13.94$12.8048.0%13.9%57.5%7.5%46.7%5.8%1.4%18.2M-1.84B-13.2M0.5439.811,692,250918,8255,756,2506,291,950
2025-08-06$14.16$12.8046.2%13.5%57.7%5.4%47.4%5.2%0.2%45.0M-2.22B-13.3M0.9742.99413,275400,7756,065,6756,365,675
2025-08-07$14.23$12.8046.8%13.5%57.6%6.0%48.4%5.3%0.7%62.2M-2.37B-13.2M0.6451.40802,600513,6506,179,8756,397,400
2025-08-08$13.86$12.8046.9%13.6%58.2%6.2%47.2%5.0%0.4%9.7M-1.74B-12.9M0.6957.331,423,425989,0506,320,6256,478,725
2025-08-11$13.79$12.8049.2%14.3%58.0%8.9%48.9%5.9%0.8%17.3M-1.53B-12.9M0.3459.75782,200264,6255,698,7506,208,950
2025-08-12$13.67$12.8048.5%14.0%58.0%8.1%51.6%6.2%0.6%8.7M-1.33B-13.1M1.2458.95826,1001,023,2006,059,1006,348,000
2025-08-13$14.03$12.8047.2%13.7%58.8%6.6%47.4%5.3%0.6%56.3M-2.02B-13.8M0.4957.77602,100292,9506,315,7256,248,100
2025-08-14$13.65$12.8047.8%13.9%59.4%7.2%50.2%5.7%0.9%18.1M-1.48B-13.1M0.3159.531,298,875399,8006,338,7006,303,550
2025-08-15$13.93$12.8047.5%13.7%59.8%6.9%50.2%4.9%0.4%82.4M-2.02B-14.2M0.7654.831,137,000861,5006,930,3006,443,775
2025-08-18$14.43$12.8046.7%13.4%61.1%5.9%45.8%5.2%0.4%94.3M-2.54B-15.7M0.4246.321,388,725588,9505,962,4005,553,825
2025-08-19$13.80$12.8049.4%14.2%63.3%9.1%50.6%6.1%0.1%41.9M-1.54B-15.6M0.6045.07751,225452,9256,428,6755,864,225
2025-08-20$13.64$12.8050.9%14.6%63.4%10.8%51.4%6.9%-0.0%27.1M-1.31B-15.6M0.6145.501,425,050870,4006,646,4506,018,275
2025-08-21$13.59$12.8052.2%15.0%61.8%12.3%53.0%7.0%0.3%43.8M-1.40B-15.7M1.2646.42439,000554,4756,932,5006,183,300
2025-08-22$14.26$12.8048.9%14.0%63.9%8.5%48.6%5.7%-0.2%133.3M-2.57B-16.2M0.7146.991,189,400845,4006,990,8006,392,575
2025-08-25$14.61$12.8049.3%14.2%64.2%9.0%51.5%6.5%0.6%91.7M-2.70B-16.2M0.8135.17569,350461,9756,294,4255,985,400
2025-08-26$14.85$12.8048.4%13.9%64.2%7.9%50.8%5.6%0.5%112.9M-3.04B-16.5M1.2950.05406,125525,1006,450,6256,164,075
2025-08-27$14.85$12.8048.1%13.7%64.2%7.6%46.8%4.6%-0.5%112.7M-3.01B-16.2M0.6549.94422,375274,3756,514,1006,245,050
2025-08-28$15.04$12.8046.4%13.3%43.2%5.6%48.1%4.4%-1.0%143.8M-3.35B-16.3M1.1052.06371,675410,0006,595,5756,307,125
2025-08-29$14.80$12.8046.5%13.2%38.7%5.7%47.4%6.2%1.6%112.0M-2.79B-15.9M1.2049.96427,800513,4006,671,3506,462,850