CVNA Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $63.77 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

1.08

491k P / 454k C

Put/Call (Volume)

0.67

15k P / 23k C that session

30d ATM IV

78%

annualized implied move

Call wall

$80

50k contracts

Put wall

$50

45k contracts

Tail hedging

1.0×

deep-OTM puts vs calls

What the positioning says

●Call wall at $80 (50k contracts), 25% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $50 (45k contracts), 22% below spot — the hedge floor; often acts as support.
●30-day ATM implied volatility is 78% — 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 2026-10-30. 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	11k	8k	0.79	11k
2026-10-16	41k	64k	1.57	4k
2026-10-23	5k	6k	1.23	411
2026-10-30	5k	2k	0.40	700
2026-11-06	165	157	0.95	161
2026-11-13	6	46	7.67	56
2026-11-20	63k	72k	1.14	2k
2026-12-18	62k	101k	1.63	1k
2027-01-15	115k	112k	0.97	1k
2027-02-19	1k	6k	3.99	56
2027-03-19	33k	27k	0.80	2k
2027-05-21	1k	269	0.19	25
2027-06-17	46k	40k	0.87	1k
2028-01-21	49k	35k	0.71	552
2029-01-19	678	1k	1.67	31

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.