CVNA Options History — February 2026

In February 2026, CVNA traded between $13.11 and $16.46. ATM implied volatility averaged 84.1%, placing in the 46.9% IV rank vs the trailing year. The 30-day expected move averaged 24.5%. IV traded above realized volatility by 5.0% (HV 20d: 79.1%). Max pain ranged from $12.80 to $15.60. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 1.21.

Notable Days

  • 2026-02-19: Highest Volume — 6,929,225 contracts
  • 2026-02-19: Largest IV drop — 24.5% change
  • 2026-02-12: Highest IV Rank — 70.6%
  • 2026-02-04: Largest Expected Move — 29.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.55$13.11$16.46$16.34$13.41
Max Pain$14.78$12.80$15.60$15.60$12.80
ATM IV84.1%63.6%103.4%86.2%67.0%
Expected Move24.5%18.3%29.5%28.4%19.6%
HV 20d79.1%68.8%86.8%80.6%68.8%
HV 60d66.1%63.0%69.1%64.4%68.3%
IV Rank46.9%21.8%70.6%49.5%26.0%
IV Percentile80.5%50.4%97.6%87.3%55.6%
Term Structure-2.4%-4.5%1.3%-4.4%0.5%
VWIV88.0%66.0%104.5%99.5%68.3%
Skew 25d16.3%12.2%20.4%14.5%13.1%
Skew 10d36.9%27.6%45.2%33.4%31.1%
Call IV 25d77.0%59.0%96.6%78.5%61.6%
Put IV 25d93.3%71.2%115.9%93.0%74.7%
Bid-Ask Spread %32.2417.2853.4517.2843.46
Gamma HHI0.070.030.130.050.12
Net GEX-3.8M-54.2M76.8M-7.2M52.7M
Net DEX-636.0M-2.12B725.9M-1.13B-1.18B
Net VEX-16.6M-18.2M-13.7M-18.2M-17.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.242.250.641.46
Total Volume2,591,348.6841,248,4756,929,2252,248,8752,674,850
Total OI12,064,744.7379,629,47513,359,90011,302,17513,040,550

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-02-02$16.34$15.6086.2%28.4%80.6%49.5%99.5%14.5%-4.4%-7.2M-1.13B-18.2M0.6417.281,368,925879,9505,398,0255,904,150
2026-02-03$16.32$15.2085.7%28.2%76.1%48.9%101.2%15.7%-3.9%-12.0M-1.26B-18.2M1.3322.03573,175762,4255,522,4506,052,575
2026-02-04$15.74$15.2088.3%29.5%76.3%52.1%103.7%17.6%-3.5%-29.9M-558.4M-17.7M1.3128.67924,4001,214,0755,746,1006,246,950
2026-02-05$15.34$15.2091.2%24.8%75.6%55.6%95.1%16.1%-3.9%-41.6M-288.1M-17.6M2.2526.12683,5251,538,4255,963,7756,417,125
2026-02-06$16.14$15.2086.2%23.7%77.7%49.5%87.1%17.4%-3.3%-20.7M-1.65B-17.7M1.5927.901,017,2251,620,3006,052,3256,474,325
2026-02-09$16.46$15.2085.9%23.3%74.7%49.2%94.9%17.8%-3.8%24.1M-1.83B-17.9M0.8527.37752,200641,3505,260,9506,075,850
2026-02-10$15.83$15.2087.3%24.0%75.5%50.9%84.4%17.8%-2.4%10.0M-1.15B-17.6M1.7529.11647,7251,134,6505,526,5006,285,350
2026-02-11$14.59$15.2098.7%27.0%79.7%64.8%95.8%20.4%-4.1%-18.5M-28.7M-16.7M0.9327.881,726,0751,607,3755,561,6006,424,825
2026-02-12$13.76$15.20103.4%28.8%81.1%70.6%96.2%19.3%-4.0%-34.6M725.9M-16.6M1.9127.66915,7251,746,8005,614,3506,916,050
2026-02-13$13.68$15.20101.9%28.7%80.1%68.7%96.0%20.1%-2.9%-38.4M718.5M-16.5M0.8027.521,185,125947,4505,928,9757,077,375
2026-02-17$13.97$15.20100.4%28.6%80.7%66.9%104.5%17.7%-3.7%-13.5M-81.7M-16.2M0.8022.44993,100796,6005,428,2506,329,725
2026-02-18$14.55$15.2092.8%26.6%82.9%57.6%96.4%15.9%-4.5%-4.7M-777.9M-16.2M1.5229.87876,5001,334,2005,563,3756,437,125
2026-02-19$13.26$15.2070.0%20.0%86.8%29.7%72.6%13.1%1.3%-54.2M489.3M-13.7M2.0646.112,263,0754,666,1505,910,8256,678,575
2026-02-20$13.39$15.2076.4%22.1%84.4%37.5%82.0%13.9%-0.9%-18.1M-74.3M-14.0M1.1953.452,325,9752,775,0756,283,6007,076,300
2026-02-23$13.11$15.2074.7%22.4%84.2%35.5%73.3%16.6%0.3%-2.9M-209.4M-13.8M0.2434.393,042,125726,0504,598,5505,030,925
2026-02-24$13.14$13.6071.3%21.3%84.4%31.3%80.9%15.8%-0.7%26.1M-716.9M-16.2M1.1136.60720,075797,4256,538,3505,181,800
2026-02-25$13.36$13.2066.8%19.7%84.1%25.8%73.1%14.9%0.0%34.4M-959.0M-16.3M0.7540.90714,475534,0006,812,9755,296,700
2026-02-26$14.10$12.8063.6%18.3%69.3%21.8%66.0%12.2%-1.5%76.8M-2.12B-17.8M0.5543.891,365,075743,9757,227,7755,345,125
2026-02-27$13.41$12.8067.0%19.6%68.8%26.0%68.3%13.1%0.5%52.7M-1.18B-17.0M1.4643.461,088,1001,586,7507,525,7005,514,850