CVNA Options History — March 2026

In March 2026, CVNA traded between $11.10 and $13.21. ATM implied volatility averaged 73.4%, placing in the 33.8% IV rank vs the trailing year. The 30-day expected move averaged 21.2%. IV traded below realized volatility by 162.3% (HV 20d: 235.6%). Max pain ranged from $12.00 to $15.20. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 1.34.

Notable Days

  • 2026-03-19: Highest Volume — 3,083,225 contracts
  • 2026-03-06: Largest IV spike — 9.0% change
  • 2026-03-30: Highest IV Rank — 44.6%
  • 2026-03-12: Largest Expected Move — 23.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.28$11.10$13.21$12.91$12.50
Max Pain$13.69$12.00$15.20$13.20$12.00
ATM IV73.4%65.5%82.2%67.7%82.1%
Expected Move21.2%18.9%23.6%20.3%23.5%
HV 20d235.6%55.8%606.8%66.4%605.2%
HV 60d157.9%64.2%354.5%68.6%354.4%
IV Rank33.8%24.1%44.6%26.9%44.4%
IV Percentile67.7%50.8%80.2%56.3%80.2%
Term Structure1.5%-2.7%8.1%0.0%5.7%
VWIV74.9%67.3%82.5%69.0%78.7%
Skew 25d14.0%6.9%24.9%12.8%24.9%
Skew 10d28.5%19.2%41.3%31.6%41.3%
Call IV 25d66.7%59.5%74.7%62.5%72.0%
Put IV 25d80.8%71.9%96.9%75.3%96.9%
Bid-Ask Spread %26.9211.7746.9941.9317.26
Gamma HHI0.070.050.120.090.08
Net GEX9.3M-31.7M46.3M16.0M46.3M
Net DEX-86.5M-947.9M1.01B-188.6M-947.9M
Net VEX-13.6M-16.6M-11.3M-16.1M-12.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.340.394.271.140.62
Total Volume1,323,876.136561,8003,083,2251,486,7251,279,650
Total OI11,921,238.6368,618,00013,912,60012,653,3759,639,625

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$12.91$13.2067.7%20.3%66.4%26.9%69.0%12.8%0.0%16.0M-188.6M-16.1M1.1441.93695,650791,0757,058,8255,594,550
2026-03-03$12.83$12.8069.8%20.4%65.2%29.4%71.0%13.5%-2.7%13.0M-136.0M-15.9M1.7946.99726,8001,297,7257,391,4505,756,425
2026-03-04$12.72$12.8065.5%19.5%65.1%24.1%71.3%12.4%-2.0%2.5M20.1M-15.5M0.8941.65450,575399,3007,535,9756,081,275
2026-03-05$13.21$15.2066.7%18.9%66.7%25.6%71.6%13.4%-1.1%25.3M-721.0M-16.6M1.0930.27506,775551,4257,504,9256,148,300
2026-03-06$12.67$15.2072.7%20.5%67.5%33.0%73.8%11.8%-0.3%-4.6M-103.2M-15.9M1.5932.11346,875551,5507,585,9756,326,625
2026-03-09$12.98$15.2070.1%20.5%64.9%29.8%76.1%17.3%2.0%13.4M-387.9M-15.5M1.4334.10320,450459,2757,098,4755,885,475
2026-03-10$12.87$15.2071.0%20.3%63.9%30.9%72.1%13.2%0.2%8.5M-272.9M-15.1M0.8329.95307,550254,2507,132,7255,898,925
2026-03-11$12.41$15.2073.1%20.7%63.8%33.4%74.6%13.6%-0.8%-14.1M303.6M-14.2M1.3732.63351,750483,1257,183,9005,909,150
2026-03-12$11.71$15.2075.5%23.6%60.9%36.4%75.2%6.9%2.0%-22.2M1.01B-12.8M1.8126.95688,5751,249,5507,316,9505,841,400
2026-03-13$11.91$15.2076.5%22.9%58.9%37.7%82.5%13.2%-0.0%-31.7M657.3M-12.9M1.6235.17945,2751,531,2007,665,0005,900,850
2026-03-16$12.40$14.8073.7%20.9%61.4%34.2%78.7%13.2%3.0%15.5M-135.1M-13.0M0.4930.631,240,150612,9757,056,5004,908,875
2026-03-17$12.55$14.0069.5%19.9%60.9%29.0%68.8%12.3%0.7%10.0M-205.6M-13.0M2.1628.36261,425564,4257,258,3255,055,725
2026-03-18$11.65$14.0074.5%21.5%63.1%35.2%75.0%10.6%-1.7%-3.8M599.2M-11.8M1.7924.04438,700785,8257,373,0755,171,725
2026-03-19$11.80$14.0074.1%21.3%55.8%34.7%76.0%16.5%-2.1%-2.1M441.2M-11.8M4.2726.17584,8752,498,3507,448,4505,150,250
2026-03-20$11.10$13.6078.5%22.6%58.7%40.1%78.4%13.1%0.5%-20.9M977.9M-11.3M0.6923.85744,600517,2507,642,9755,477,250
2026-03-23$12.04$13.6075.7%21.7%605.8%36.6%77.8%14.3%3.4%25.2M-421.2M-12.4M0.3915.201,321,350508,9255,215,3253,402,675
2026-03-24$12.01$12.0074.5%21.3%605.9%35.1%72.5%15.0%5.9%24.2M-467.8M-12.7M0.4914.10781,425383,0255,680,2753,667,225
2026-03-25$12.32$12.0070.6%20.3%605.8%30.4%67.3%13.0%4.0%35.4M-774.6M-13.1M0.4311.77620,800265,1255,944,5253,842,600
2026-03-26$12.04$12.0073.4%21.1%606.8%33.8%79.4%13.6%4.1%25.7M-507.5M-12.7M1.3718.84388,275532,8006,016,1503,910,325
2026-03-27$12.05$12.0076.8%22.1%605.7%38.0%77.7%16.1%4.8%33.6M-570.9M-12.7M1.6515.12335,375552,1506,164,5754,007,375
2026-03-30$11.50$12.0082.2%23.5%605.9%44.6%79.4%18.0%8.1%10.6M-72.8M-11.7M1.4815.08402,650596,4005,820,3003,595,950
2026-03-31$12.50$12.0082.1%23.5%605.2%44.4%78.7%24.9%5.7%46.3M-947.9M-12.9M0.6217.26791,200488,4505,937,3003,702,325