CVNA Options History — April 2026

In April 2026, CVNA traded between $12.47 and $15.55. ATM implied volatility averaged 85.6%, placing in the 54.5% IV rank vs the trailing year. The 30-day expected move averaged 24.5%. IV traded below realized volatility by 516.9% (HV 20d: 602.5%). Max pain ranged from $11.60 to $13.20. Net GEX was positive for 12 of 12 trading days. Term structure was in contango for 0 of 12 days. Put/call ratio averaged 1.03.

Notable Days

  • 2026-04-15: Highest Volume — 3,304,000 contracts
  • 2026-04-08: Largest IV drop — 6.7% change
  • 2026-04-16: Highest IV Rank — 64.1%
  • 2026-04-06: Largest Expected Move — 26.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.70$12.47$15.55$12.47$15.55
Max Pain$12.83$11.60$13.20$11.60$13.20
ATM IV85.6%82.0%91.5%87.7%82.0%
Expected Move24.5%23.5%26.2%25.1%23.5%
HV 20d602.5%597.0%605.5%605.1%597.0%
HV 60d354.0%352.9%354.3%354.2%352.9%
IV Rank54.5%46.6%64.1%51.4%62.9%
IV Percentile84.4%79.8%92.1%87.3%79.8%
Term Structure-3.8%-4.8%-1.9%-1.9%-4.8%
VWIV85.6%75.2%90.7%75.2%85.4%
Skew 25d16.4%12.4%21.0%21.0%12.8%
Skew 10d32.9%25.1%39.8%35.5%27.4%
Call IV 25d77.4%74.0%80.9%78.0%77.3%
Put IV 25d93.8%88.5%101.0%99.0%90.1%
Bid-Ask Spread %13.509.5219.5510.7719.55
Gamma HHI0.090.050.180.070.06
Net GEX55.9M24.9M111.9M45.6M80.8M
Net DEX-1.68B-3.46B-784.8M-903.6M-3.46B
Net VEX-13.9M-16.4M-12.6M-12.7M-15.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.301.700.570.89
Total Volume1,705,943.75509,1253,304,0001,599,9002,179,025
Total OI10,673,443.759,245,27512,236,32510,065,27512,092,825

Daily Data (12 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-04-01$12.47$11.6087.7%25.1%605.1%51.4%75.2%21.0%-1.9%45.6M-903.6M-12.7M0.5710.771,020,150579,7506,190,4503,874,825
2026-04-02$12.49$12.8088.1%25.3%605.5%51.9%82.2%17.5%-3.4%35.9M-855.8M-12.7M1.5415.22470,900727,0506,211,4504,041,875
2026-04-06$12.61$12.8091.5%26.2%604.5%56.0%90.1%16.9%-4.4%29.0M-784.8M-12.6M0.9513.43302,975289,2255,639,9253,605,350
2026-04-07$12.77$12.8090.9%26.0%604.6%55.2%90.7%20.1%-4.1%31.3M-860.9M-12.6M0.8814.36270,975238,1505,699,8253,718,425
2026-04-08$13.51$12.8084.8%24.3%603.8%47.8%84.5%17.5%-2.2%62.5M-1.49B-13.2M1.7010.991,038,9251,761,0755,841,4503,787,525
2026-04-09$13.17$12.8084.9%24.4%603.6%48.0%90.3%17.8%-3.3%24.9M-986.1M-13.2M1.579.52318,575500,5506,015,1504,679,900
2026-04-10$13.45$12.8083.9%24.0%601.7%46.6%87.0%15.2%-4.4%49.3M-1.29B-13.6M1.279.60899,3251,137,8006,106,4754,831,850
2026-04-13$14.11$12.8084.0%24.1%601.4%56.0%84.1%14.9%-3.9%53.6M-1.81B-14.3M0.6414.511,006,300642,0505,954,9254,591,550
2026-04-14$14.92$13.2082.3%23.6%601.2%53.5%84.3%14.4%-4.6%101.5M-2.84B-15.3M1.1010.831,288,8501,416,0256,369,1504,852,300
2026-04-15$14.87$13.2084.4%24.2%601.5%60.4%88.5%16.0%-4.8%111.9M-3.00B-16.4M0.3015.992,551,050752,9506,955,7755,280,550
2026-04-16$14.44$13.2082.8%23.7%600.1%64.1%84.4%12.4%-4.4%44.6M-1.94B-14.7M0.9317.26560,150519,5006,392,1255,347,650
2026-04-17$15.55$13.2082.0%23.5%597.0%62.9%85.4%12.8%-4.8%80.8M-3.46B-15.8M0.8919.551,151,1751,027,8506,625,8005,467,025