CVNA volatility Carvana Co.
IV30Implied volatility interpolated to a constant 30-day horizon from the expirations around it, so different stocks and dates can be compared fairly.54.6%
HV20How much the stock actually moved, measured from daily closing prices over a past window (annualized). Compare with implied volatility to see what the options market priced versus what happened.61.9%
HV6064.5%
IV − HV20 spread
-7.4pt
Universe percentileWhere this IV30 ranks across all securities we cover today (a cross-sectional comparison, not the stock's own history).
86
Own-history percentileWhere today's IV30 sits versus its own daily history — 80 means higher than roughly 80% of recorded observations for that period.
3/60 days recorded
Cboe delayed options data · as of 09:33 UTC · How these are computed
IV term structure
At-the-money implied volatility for each listed expiration, plotted by days remaining.
| Expires | DTE | ATM IV | 25Δ skewThe IV gap between 25-delta puts and 25-delta calls for one expiration. Positive skew means downside protection is priced richer than upside exposure. | Implied move |
|---|---|---|---|---|
| Sep 04, 2026 | 1 | 60.8% | -1.1pt | ±3.7% |
| Sep 11, 2026 | 8 | 52.3% | +0.5pt | ±6.6% |
| Sep 18, 2026 | 15 | 53.8% | +2.6pt | ±9.2% |
| Sep 25, 2026 | 22 | 54.2% | +1.9pt | ±10.9% |
| Oct 02, 2026 | 29 | 54.4% | +2.2pt | ±12.4% |
| Oct 09, 2026 | 36 | 55.2% | +2.2pt | ±14.0% |
| Oct 16, 2026 | 43 | 55.9% | +2.5pt | ±15.5% |
| Oct 23, 2026 | 50 | — | — | — |
| Nov 20, 2026 | 78 | 63.9% | +4.5pt | ±23.6% |
| Dec 18, 2026 | 106 | 62.1% | +4.4pt | ±26.6% |
| Jan 15, 2027 | 134 | 60.7% | +4.6pt | ±29.2% |
| Feb 19, 2027 | 169 | 61.3% | +4.6pt | ±33.0% |
| Mar 19, 2027 | 197 | 62.4% | +5.1pt | ±36.0% |
| Jun 17, 2027 | 287 | 63.0% | +5.1pt | ±43.7% |
| Jan 21, 2028 | 505 | 63.9% | — | ±57.7% |
Volatility smile — Sep 18, 2026
Implied volatility by strike. The tilt toward puts (left side higher) is the skew: downside protection priced richer than upside.
callsputs
Implied vs realized, daily record
IV30HV20