Tour v528
CVNA
CARVANA CO Class A
$65.11 -1.11%
$65.29 (+0.28%)🌙
as of 09/18 06:21 PM
9/18 18:21

Option Volume

Detail
Current (09/18) 55,561
Calls: 17,018 (31%)
Puts: 38,543 (69%)
Prior (09/17) 34,147
Calls: 17,823 (52%)
Puts: 16,324 (48%)
Current vs Prior +62.71%
Calls: -4.52% (Calls)
Puts: +136.11% (Puts)
Prior 7-Day Total 283,207
Calls: 145,539 (51%)
Puts: 137,668 (49%)
Prior 7-Day Average 40,458
Calls: 20,791 (51%)
Puts: 19,666 (49%)
Current vs Prior 7-Day Avg +37.33%
Calls: -18.15%
Puts: +95.98%
Sentiment BEARISH

Dollar Volume

Detail
Current (09/18) $13.58M
Calls: $3.13M (23%)
Puts: $10.45M (77%)
Prior (09/17) $10.25M
Calls: $3.37M (33%)
Puts: $6.88M (67%)
Current vs Prior +32.47%
Calls: -7.12%
Puts: +51.85%
Prior 7-Day Total $74.46M
Calls: $37.00M (50%)
Puts: $37.46M (50%)
Prior 7-Day Average $10.64M
Calls: $5.29M (50%)
Puts: $5.35M (50%)
Current vs Prior 7-Day Avg +27.63%
Calls: -40.82%
Puts: +95.25%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (09/18) 2.26
Prior (09/17) 0.92
Current vs Prior +147.28%
Prior 7-Day Average 1.08
Current vs Prior 7-Day Avg +110.60%
Sentiment BEARISH

Open Interest

Detail
Current (09/18) 409,462
Calls: 145,694 (36%)
Puts: 263,768 (64%)
Prior (09/17) 438,533
Calls: 170,043 (39%)
Puts: 268,490 (61%)
Current vs Prior -6.63%
Prior 7-Day Total 3,041,426
Calls: 1,291,790 (42%)
Puts: 1,749,636 (58%)
Prior 7-Day Average 434,489
Calls: 184,541 (42%)
Puts: 249,948 (58%)
Current vs Prior 7-Day Avg -5.76%
Sentiment BULLISH

Expected Move

Detail
Expiry (09/18) | Next (09/25)Expiry (09/18) | Next (10/16)
Current 1.67% | 6.93%1.67% | 12.49%
Prior 3.55% | 7.44%3.55% | 12.88%
Current vs Prior +94.90% | +30.63%-52.90% | -3.05%
Prior 7-Day Avg 5.21% | 8.54%6.84% | 14.24%
Current vs 7-Day Avg +32.85% | +13.77%-75.51% | -12.33%
Prior 7-Day Eod 3.55% | 7.44%3.55% | 12.88%
Current vs 7-Day Eod +94.90% | +30.63%-52.90% | -3.05%
Sentiment BEARISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 14.57% | 13.90%
Calls: 12.85% | 14.34%
Puts: 16.28% | 13.46%
Prior 14.57% | 13.90%
Calls: 12.85% | 14.34%
Puts: 16.28% | 13.46%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 14.57% | 13.90%
Calls: 12.85% | 14.34%
Puts: 16.28% | 13.46%
Current vs 7-Day Avg -0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Strong bearish conviction with 77% of dollar volume in puts ($10.45M) vs calls ($3.13M). Above-average activity with volume up 63% vs prior. Extreme bearish P/C ratio of 2.26 - heavy put buying. P/C ratio rising 147% - increased hedging/bearish positioning.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 67 of results (avg 6.9%, best 2.7%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$70.00Oct 162.212.27$2.242.7%8810.359.8K
$55.00Sep 2510.0010.45$10.234.4%100.97--
$65.00Oct 164.104.30$4.204.8%7100.53147
$60.00Oct 167.057.40$7.234.8%150.72488
$58.00Sep 257.157.55$7.355.4%70.924
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$78.00Sep 2512.7013.15$12.933.5%71.00--
$77.00Sep 2511.7012.15$11.933.8%50.938
$65.00Oct 163.854.00$3.933.8%9540.476.6K
$76.00Sep 2510.7011.15$10.934.1%41.00--
$70.00Oct 166.857.15$7.004.3%330.654.1K

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 14 found (avg $0.71, cheapest $0.41)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$69.00Sep 250.620.73$0.6816.2%1090.24164
$68.00Sep 250.840.98$0.9115.4%1.3K0.301.3K
$75.00Oct 20.350.42$0.3917.9%180.11329
$77.00Oct 90.480.55$0.5213.5%30.12--
$75.00Oct 90.690.83$0.7618.4%200.17--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$60.00Sep 250.380.44$0.4114.6%1940.15678
$61.00Sep 250.550.63$0.5913.6%690.20121
$62.00Sep 250.760.87$0.8213.4%780.25829
$59.00Oct 20.720.86$0.7917.7%150.18398
$60.00Oct 20.901.07$0.9917.2%800.22374

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 70 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$55.00Sep 189.7512.10$10.9321.5%41.0078
$60.00Sep 184.905.30$5.107.8%981.00561
$63.00Sep 181.912.30$2.1118.5%41.00--
$64.00Sep 180.901.30$1.1036.4%151.00545
$55.00Sep 2510.0010.45$10.234.4%100.97--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$76.00Sep 2510.7011.15$10.934.1%41.00--
$78.00Sep 2512.7013.15$12.933.5%71.00--
$74.00Sep 187.859.45$8.6518.5%50.99772
$75.00Sep 188.7511.15$9.9524.1%80.99269
$72.00Sep 186.707.10$6.905.8%4740.991.7K

Most actively traded options today. High liquidity = easy entry/exit. 193 active (total vol 28.6K, top 2.8K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$66.00Sep 180.000.04$0.02200.0%1.9K0.074.0K
$68.00Sep 250.840.98$0.9115.4%1.3K0.301.3K
$70.00Sep 250.410.50$0.4520.0%1.3K0.18556
$67.00Sep 251.131.29$1.2113.2%1.1K0.37267
$72.00Sep 250.190.30$0.2544.0%1.1K0.10914
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$65.00Sep 180.040.12$0.08100.0%2.8K0.382.6K
$66.00Sep 180.701.14$0.9247.8%2.0K0.937.2K
$70.00Sep 184.705.10$4.908.2%1.5K0.993.9K
$68.00Sep 182.703.15$2.9315.4%1.3K0.993.6K
$60.00Oct 161.902.01$1.955.6%1.1K0.2810.7K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 893.6%, max 1183.9%)

CALLS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$62.00Sep 18Sep 25739.0%57.6%1183.9%20293
$67.00Sep 18Oct 2501.2%57.6%770.6%449502
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$62.00Sep 18Oct 30739.0%67.5%995.5%813.0K
$67.00Sep 18Oct 30501.2%69.2%624.3%625804

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 105 found (best R:R 1.37, avg 2.81)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$65.00$70.00Oct 30$2.11$2.89$2.1155%1.37$67.11
$60.00$65.00Oct 16$3.03$1.97$3.0372%0.65$63.03
$71.00$75.00Oct 30$1.14$2.86$1.1440%2.51$72.14
$65.00$70.00Oct 16$1.96$3.04$1.9653%1.55$66.96
$65.00$68.00Oct 23$1.30$1.70$1.3054%1.31$66.30
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$61.00$60.00Oct 23$0.27$0.73$0.2732%2.70$60.73
$57.00$56.00Oct 9$0.12$0.88$0.1216%7.33$56.88
$65.00$64.00Sep 25$0.41$0.59$0.4147%1.44$64.59
$58.00$57.00Oct 9$0.16$0.84$0.1619%5.25$57.84
$58.00$57.00Oct 2$0.12$0.88$0.1215%7.33$57.88

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 78 found (best R:R 1.04, avg 0.42)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$76.00$77.00Sep 18$0.51$0.51$0.4987%1.04$76.51
$67.00$68.00Sep 18$0.31$0.31$0.6977%0.45$67.31
$77.00$78.00Sep 25$0.12$0.12$0.8894%0.14$77.12
$69.00$70.00Sep 25$0.23$0.23$0.7776%0.30$69.23
$75.00$76.00Oct 2$0.10$0.10$0.9089%0.11$75.10
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$65.00$60.00Oct 16$1.98$1.98$3.0253%0.66$63.02
$58.00$55.00Sep 18$0.21$0.21$2.7992%0.08$57.79
$60.00$55.00Oct 16$1.04$1.04$3.9672%0.26$58.96
$60.00$57.00Oct 23$0.86$0.86$2.1470%0.40$59.14
$61.00$60.00Sep 18$0.18$0.18$0.8289%0.22$60.82

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $1.86, cheapest $1.81)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$65.00Sep 18Sep 25$1.9161.1%54.8%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$65.00Sep 18Sep 25$1.8161.1%54.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 41 found (cheapest 0.38% of stock, avg 8.87%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$65.00Sep 18$0.17$0.08$0.25$64.75$65.250.38%
$66.00Sep 18$0.02$0.92$0.94$65.06$66.941.44%
$64.00Sep 18$1.10$0.01$1.11$62.89$65.111.70%
$63.00Sep 18$2.11$0.01$2.12$60.88$65.123.26%
$67.00Sep 18$0.32$1.90$2.22$64.78$69.223.41%
$68.00Sep 18$0.01$2.93$2.94$65.06$70.944.52%
$62.00Sep 18$3.11$0.38$3.49$58.51$65.495.36%
$69.00Sep 18$0.01$3.90$3.91$65.09$72.916.01%
$65.00Sep 25$2.08$1.89$3.97$61.03$68.976.10%
$66.00Sep 25$1.61$2.43$4.04$61.96$70.046.20%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 136 found (cheapest 0.15% of stock, avg 6.27%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$66.00$65.00Sep 18$0.02$0.08$0.10$64.90$66.10
$66.00$59.00Sep 18$0.02$0.19$0.21$58.79$66.21
$66.00$61.00Sep 18$0.02$0.19$0.21$60.79$66.21
$66.00$62.00Sep 18$0.02$0.38$0.40$61.60$66.40
$67.00$65.00Sep 18$0.32$0.08$0.40$64.60$67.40
$67.00$61.00Sep 18$0.32$0.19$0.51$60.49$67.51
$67.00$59.00Sep 18$0.32$0.19$0.51$58.49$67.51
$76.00$61.00Sep 18$0.52$0.19$0.71$60.29$76.71
$67.00$62.00Sep 18$0.32$0.38$0.70$61.30$67.70
$76.00$59.00Sep 18$0.52$0.19$0.71$58.29$76.71

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 99 found (best R:R 2.23, avg credit $0.45)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
60/6176/77Sep 18$0.69$0.3176%2.23$60.31$76.69
61/6276/77Sep 18$0.70$0.3069%2.33$61.30$76.70
60/6167/68Sep 18$0.49$0.5166%0.96$60.51$67.49
61/6267/68Sep 18$0.50$0.5059%1.00$61.50$67.50
55/5876/77Sep 18$0.72$2.2879%0.32$57.28$76.72
60/6177/78Sep 25$0.30$0.7075%0.43$60.70$77.30
61/6277/78Sep 25$0.35$0.6569%0.54$61.65$77.35
59/6077/78Sep 25$0.24$0.7680%0.32$59.76$77.24
62/6377/78Sep 25$0.41$0.5962%0.69$62.59$77.41
58/5975/76Oct 9$0.41$0.5961%0.69$58.59$75.41

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 55 found (best R:R 5.85, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$65.00$70.00$75.00Oct 16$0.83$4.1733%5.02
$63.00$64.00$65.00Sep 18$0.08$0.9237%11.50
$60.00$65.00$70.00Oct 16$1.07$3.9337%3.67
$64.00$65.00$66.00Sep 18$0.78$0.2293%0.28
$62.00$63.00$64.00Sep 25$0.06$0.9414%15.67
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$65.00$70.00$75.00Oct 16$0.73$4.2733%5.85
$63.00$64.00$65.00Sep 18$0.07$0.9337%13.29
$65.00$66.00$67.00Sep 18$0.14$0.8639%6.14
$71.00$73.00$75.00Oct 2$0.07$1.9311%27.57
$60.00$65.00$70.00Oct 16$1.09$3.9137%3.59

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 84 found (best net $-0.51, 71 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$58.00$62.001:2Sep 25-$0.51$3.49
$60.00$65.001:2Oct 16-$1.17$3.83
$65.00$70.001:2Oct 16-$0.28$4.72
$63.00$64.001:2Sep 18-$0.09$0.91
$60.00$62.001:2Sep 18-$1.12$0.88
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$70.00$65.001:2Oct 16-$0.86$4.14
$76.00$70.001:2Oct 23-$2.83$3.17
$70.00$66.001:2Oct 9-$1.36$2.64
$75.00$70.001:2Oct 16-$3.20$1.80
$62.00$61.001:2Sep 18$0.00$1.00

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 43 found (best yield 5.38%, avg 1.92%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$71.00Oct 30$3.500.409.1%5.38%14.42%2--
$70.00Oct 30$3.800.427.5%5.84%13.35%121
$75.00Oct 30$2.370.3115.2%3.64%18.83%118
$68.00Oct 23$3.250.444.4%4.99%9.43%1--
$70.00Oct 23$2.550.387.5%3.92%11.43%662
$73.00Oct 23$1.710.2912.1%2.63%14.74%2--
$70.00Oct 16$2.210.357.5%3.39%10.90%8819.8K
$75.00Oct 23$1.370.2415.2%2.10%17.29%2549
$66.00Oct 9$3.050.491.4%4.68%6.05%51
$68.00Oct 9$2.260.404.4%3.47%7.91%2--

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 17,018
Total Puts 38,543
Put/Call Ratio 2.26
Net Difference -21,525

Prior's Put/Call Breakdown

Total Calls 17,823
Total Puts 16,324
Put/Call Ratio 0.92
Net Difference 1,499

Prior 7-Day Put/Call Summary

Total Calls 145,539
Total Puts 137,668
Average Put/Call Ratio 1.08
Ratio Trend Rising

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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