CVNA Options Chain Analysis

As of previous close (2026-10-08) · OPRA historical data

Spot $63.48 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.08

490k P / 453k C

Put/Call (Volume)

1.18

17k P / 15k C that session

30d ATM IV

75%

annualized implied move

Call wall

$80

52k contracts

Put wall

$50

41k contracts

Tail hedging

0.9×

deep-OTM puts vs calls

What the positioning says

●Call wall at $80 (52k contracts), 26% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $50 (41k contracts), 21% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 75% — the market prices very large moves; option premium is expensive.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-11-06. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	18k	13k	0.72	12k
2026-10-16	43k	66k	1.53	7k
2026-10-23	7k	8k	1.19	624
2026-10-30	7k	3k	0.45	454
2026-11-06	318	292	0.92	277
2026-11-13	319	168	0.53	27
2026-11-20	65k	74k	1.14	6k
2026-11-27	0	0	—	16
2026-12-18	62k	103k	1.68	2k
2027-01-15	115k	113k	0.98	1k
2027-02-19	1k	6k	4.02	238
2027-03-19	36k	27k	0.77	190
2027-05-21	1k	310	0.22	17
2027-06-17	47k	40k	0.85	221
2028-01-21	49k	34k	0.70	1k
2029-01-19	841	1k	1.37	24

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.