CVNA Options History — January 2026

In January 2026, CVNA traded between $15.95 and $19.30. ATM implied volatility averaged 62.6%, placing in the 20.6% IV rank vs the trailing year. The 30-day expected move averaged 19.7%. IV traded above realized volatility by 4.2% (HV 20d: 58.4%). Max pain ranged from $15.60 to $17.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.33.

Notable Days

  • 2026-01-28: Highest Volume — 8,840,075 contracts
  • 2026-01-28: Largest IV spike — 27.4% change
  • 2026-01-28: Highest IV Rank — 55.4%
  • 2026-01-28: Largest Expected Move — 27.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.92$15.95$19.30$16.02$15.95
Max Pain$16.30$15.60$17.00$15.60$16.40
ATM IV62.6%48.7%91.0%48.7%87.7%
Expected Move19.7%13.7%27.6%13.7%27.5%
HV 20d58.4%50.7%82.4%58.3%82.4%
HV 60d66.3%64.1%69.1%67.7%65.2%
IV Rank20.6%3.6%55.4%3.6%51.4%
IV Percentile47.4%13.9%93.3%13.9%90.1%
Term Structure1.3%-5.1%11.8%0.1%-5.1%
VWIV70.1%47.8%99.9%47.8%97.1%
Skew 25d8.8%5.3%18.3%6.7%14.6%
Skew 10d18.2%9.8%35.1%12.6%34.9%
Call IV 25d58.0%44.4%83.4%45.2%81.6%
Put IV 25d66.8%52.0%97.9%52.0%96.2%
Bid-Ask Spread %34.1420.4443.1543.0226.44
Gamma HHI0.080.040.340.340.17
Net GEX71.2M-100.3M167.0M-100.3M-91.6M
Net DEX-3.00B-4.89B-77.9M-928.5M-77.9M
Net VEX-16.7M-19.1M-14.6M-14.6M-18.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.721.961.121.34
Total Volume2,188,426.25714,0008,840,0753,242,1503,572,625
Total OI11,984,131.258,219,40014,095,97513,292,97513,168,950

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$16.02$15.6048.7%13.7%58.3%3.6%47.8%6.7%0.1%-100.3M-928.5M-14.6M1.1243.021,529,1251,713,0255,576,0507,716,925
2026-01-05$17.21$16.0050.3%17.1%63.6%5.5%59.5%6.9%1.0%77.3M-2.78B-15.6M1.7434.27790,3001,378,1505,112,6507,505,075
2026-01-06$17.64$16.0050.8%17.2%63.9%6.1%64.2%8.8%0.0%104.1M-3.40B-16.0M1.4137.17347,075487,6255,327,5007,789,675
2026-01-07$18.13$16.0050.7%17.6%50.7%6.0%63.0%5.8%-0.5%137.4M-4.19B-16.4M1.0342.97692,250715,8255,440,9507,960,425
2026-01-08$17.50$16.0051.0%17.4%52.2%6.4%61.1%7.6%-0.8%78.3M-2.97B-16.1M1.2841.12744,350952,4505,616,0008,304,900
2026-01-09$18.55$16.0049.5%16.8%54.5%4.5%61.8%8.0%0.1%167.0M-4.89B-16.6M1.5939.23817,3751,302,3255,730,0758,365,900
2026-01-12$18.62$16.0050.5%17.1%54.5%5.7%60.7%5.3%9.5%153.8M-4.48B-16.3M1.9635.14259,025507,2255,274,2007,823,700
2026-01-13$18.67$16.0050.5%17.0%53.3%5.7%63.0%9.4%9.0%165.0M-4.54B-16.2M1.9339.64243,525470,4755,343,8507,975,625
2026-01-14$18.08$16.0051.8%17.6%54.3%7.3%63.0%6.7%10.0%116.8M-3.49B-15.7M0.7243.151,056,525765,0005,385,2008,110,975
2026-01-15$18.48$16.0053.1%17.8%54.6%9.0%64.7%6.9%10.3%144.3M-4.07B-16.4M0.7542.45668,575500,3505,434,7508,307,125
2026-01-16$17.88$16.0053.4%17.5%55.7%9.3%60.3%5.6%11.8%54.7M-2.93B-15.8M0.8840.211,170,0251,033,0755,496,1008,488,475
2026-01-20$17.78$16.0066.4%19.4%53.6%25.2%69.0%9.4%3.1%31.9M-2.06B-16.2M1.5133.94586,450888,2004,020,9754,198,425
2026-01-21$18.19$16.4072.1%20.7%54.2%32.2%73.8%8.5%-2.4%59.2M-2.50B-16.6M1.8831.38356,775671,5254,251,7004,616,625
2026-01-22$19.04$16.8073.6%21.2%51.3%34.0%75.9%9.4%-2.7%106.1M-3.49B-17.0M1.1126.391,205,2001,335,8254,382,9754,752,250
2026-01-23$18.96$16.8070.9%20.6%51.4%30.8%72.9%8.4%-2.9%83.6M-3.71B-17.4M1.0327.871,210,7001,242,5004,914,5005,241,475
2026-01-26$18.87$17.0071.6%21.5%51.4%31.6%76.4%8.3%-2.9%67.5M-3.30B-17.6M1.3327.66474,600632,4004,691,1254,714,050
2026-01-27$19.30$17.0071.5%21.9%51.6%31.5%76.3%7.2%-1.8%89.8M-3.90B-17.9M0.8920.44497,000443,9504,923,2754,967,800
2026-01-28$16.45$17.0091.0%27.6%77.9%55.4%99.9%14.5%-4.8%-18.9M-641.3M-17.5M1.6628.683,322,0505,518,0255,074,7755,138,700
2026-01-29$17.06$17.0086.4%26.7%79.1%49.8%91.2%18.3%-4.4%-1.9M-1.62B-19.1M1.4321.561,509,4002,157,6255,877,9006,661,000
2026-01-30$15.95$16.4087.7%27.5%82.4%51.4%97.1%14.6%-5.1%-91.6M-77.9M-18.4M1.3426.441,526,1502,046,4756,118,2257,050,725