Carvana (CVNA) Options Chain

NYSE: CVNAConsumer DiscretionaryRetail-Auto Dealers and Gas StationsUSD

63.73+0.53 (+0.84%)

At close: Oct 9, 4:03 PM ET · Delayed 15 min

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $63.73
Put/call ratio (OI): 1.59
Put/call ratio (volume): 1.01
ATM implied volatility: 65.6%
Expected move: ±$18.03
Open interest (C / P): 67.53K / 107.16K

CVNA options summary

The CVNA options chain for the December 18, 2026 expiration lists 150 call and 138 put contracts, with 68 days until expiration. Open interest stands at 67,526 calls and 107,164 puts, a put/call ratio of 1.59, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $64.00 strike is 65.6%, which implies the market expects a move of about ±$18.03 (28.3%) in Carvana stock by expiration.

The most open interest sits at the $80.00 call (6.74K contracts) and the $13.00 put (37.01K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

CVNA options chain · December 18, 2026

CVNA calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
966	20	833.6%	58.15	59.90	63.80	13.00	0.00	0.04	0.01	137.5%	2	37,009
270	5	566.4%	54.10	56.40	59.40	14.00	0.00	0.33	0.07	171.7%	2	1,672
55	10	542.8%	53.15	55.40	58.85	15.00	0.00	0.16	0.01	147.7%	7	1,803
89	30	250.1%	47.25	45.90	49.25	16.00	0.01	0.10	0.05	134.4%	2	565
—	—	—	58.10	—	—	17.00	0.00	0.14	0.08	132.8%	1	1,372
—	—	—	73.90	—	—	18.00	0.00	0.00	0.14	50.0%	5	0
—	—	—	67.70	—	—	19.00	0.00	0.00	0.10	50.0%	5	0
65	—	372.4%	62.11	48.50	52.35	20.00	0.00	0.07	0.02	107.8%	10	4,480
—	—	—	56.92	—	—	21.00	0.00	0.34	0.04	127.9%	1	194
—	—	—	52.50	—	—	22.00	0.00	0.31	0.07	121.1%	1	479
23	5	349.3%	46.65	46.80	49.55	23.00	0.00	0.31	0.10	116.4%	15	213
—	—	—	59.00	—	—	24.00	0.00	0.23	0.06	107.0%	2	526
—	—	—	42.58	—	—	25.00	0.00	0.33	0.18	108.6%	1	487
80	50	111.6%	40.45	36.30	39.65	26.00	0.00	0.34	0.01	104.9%	50	982
—	—	—	41.60	—	—	27.00	0.00	0.35	0.21	101.4%	1	548
—	—	—	38.84	—	—	28.00	0.00	0.36	0.07	98.0%	4	611
110	25	308.0%	32.80	41.85	45.20	29.00	0.00	0.37	0.11	94.5%	4	210
90	25	101.8%	32.27	32.40	35.75	30.00	0.00	0.24	0.11	84.8%	4	2,735
24	5	100.5%	28.75	31.45	34.80	31.00	0.00	0.40	0.13	88.5%	8	749
30	10	92.7%	28.39	30.50	33.60	32.00	0.07	0.32	0.17	84.7%	1	405
1,315	10	267.4%	34.28	38.25	40.60	33.00	0.08	0.35	0.18	82.6%	9	396
95	—	245.6%	44.80	36.50	38.80	34.00	0.13	0.25	0.19	77.6%	6	1,525
55	—	239.3%	47.99	35.50	38.00	35.00	0.16	0.35	0.21	78.5%	4	880
166	1	90.9%	34.00	26.00	28.35	36.00	0.20	0.36	0.28	76.7%	23	626
60	—	204.0%	34.07	31.30	35.65	37.00	0.24	0.39	0.30	75.2%	111	510
0	5	—	30.55	0.00	0.00	38.00	0.28	0.57	0.40	76.8%	50	520
178	3	87.5%	21.80	24.75	26.45	39.00	0.35	0.63	0.42	75.9%	24	3,868
309	15	83.9%	24.55	23.80	25.40	40.00	0.40	0.58	0.50	72.7%	12	1,885
670	20	209.0%	22.40	30.05	32.25	42.00	0.56	0.78	0.78	71.7%	25	872
106	2	80.6%	21.80	20.35	21.85	44.00	0.73	0.96	0.89	69.5%	247	832
62	17	78.3%	17.50	19.70	20.65	45.00	0.92	1.12	0.98	70.0%	245	2,527
1,356	4	78.2%	16.35	18.85	19.90	46.00	1.06	1.37	1.26	70.5%	1	748
0	2	—	28.68	0.00	0.00	48.00	1.30	1.70	1.52	68.6%	1	1,804
432	2	73.6%	16.45	15.55	16.55	50.00	1.67	2.01	1.87	66.8%	27	3,285
46	8	72.1%	14.10	14.00	15.05	52.00	2.23	2.53	2.42	66.9%	1	1,407
270	5	70.8%	13.00	12.80	13.35	54.00	2.87	3.15	2.90	66.9%	1	1,905
275	15	70.1%	11.90	12.10	12.65	55.00	3.15	3.50	3.50	66.6%	3	1,757
115	1	70.1%	12.13	11.45	12.05	56.00	3.45	3.75	3.55	65.5%	2	2,134
259	15	71.3%	10.10	10.25	11.15	58.00	4.25	4.50	4.35	65.3%	51	1,142
3,078	20	70.5%	8.95	9.15	9.95	60.00	5.10	5.35	5.05	64.8%	18	2,363
346	12	68.4%	8.00	8.05	8.60	62.00	6.00	6.30	6.08	64.2%	5	598
CVNA $63.73
716	5	67.6%	7.20	7.00	7.65	64.00	7.00	7.30	7.05	63.5%	12	978
91	12	67.8%	6.65	6.55	7.30	65.00	7.55	7.90	7.55	63.5%	122	660
557	4	66.7%	6.70	6.05	6.75	66.00	8.10	8.40	8.10	62.9%	2	487
896	2	67.0%	5.85	5.40	5.95	68.00	9.05	9.70	9.10	61.8%	2	3,027
503	2	65.8%	5.06	4.60	5.15	70.00	10.55	10.85	10.53	61.7%	11	1,830
1,018	4	65.8%	4.41	4.00	4.55	72.00	11.90	12.25	12.32	61.4%	2	1,948
876	2	65.5%	3.83	3.45	3.95	74.00	13.05	13.85	14.31	60.4%	2	192
238	5	65.9%	3.60	3.25	3.75	75.00	13.85	14.60	14.10	60.5%	1	34
1,711	23	65.5%	3.35	3.00	3.45	76.00	14.70	15.35	13.50	60.7%	4	581
1,625	30	64.1%	2.67	2.56	2.79	78.00	16.10	16.95	17.20	59.5%	20	428
6,744	1	64.5%	2.44	2.22	2.48	80.00	17.80	18.60	17.75	59.7%	11	1,678
2,580	6	64.1%	2.21	1.88	2.11	82.00	19.60	20.30	19.70	60.2%	10	409
1,066	1	63.9%	1.61	1.47	1.94	84.00	20.80	22.05	21.00	56.3%	20	318
338	106	64.7%	1.55	1.47	1.81	85.00	21.95	22.85	20.93	57.5%	3	10
324	192	63.4%	1.44	1.36	1.50	86.00	22.80	23.95	23.65	58.6%	5	60
327	290	62.9%	1.28	1.03	1.35	88.00	24.55	25.60	21.22	56.5%	15	403
2,476	3	63.6%	1.02	0.96	1.15	90.00	26.65	27.45	27.40	58.7%	20	194
608	13	64.7%	0.85	0.82	1.10	92.00	28.25	29.25	22.24	54.7%	1	120
1,669	141	63.2%	0.77	0.69	0.81	94.00	29.85	31.20	26.22	50.4%	15	106
137	11	63.5%	0.88	0.62	0.79	95.00	30.60	32.15	32.38	67.0%	1	2
951	11	63.6%	0.82	0.46	0.85	96.00	32.00	33.85	27.15	63.6%	12	92
1,197	5	65.2%	0.59	0.51	0.74	98.00	0.00	0.00	31.14	—	24	0
617	7	64.0%	0.50	0.32	0.66	100.00	35.40	37.55	28.53	54.5%	6	171
292	3	64.1%	0.42	0.26	0.58	102.00	28.60	29.45	38.65	—	20	45
319	2	64.7%	0.37	0.23	0.52	104.00	—	—	27.38	—	—	—
274	1	65.3%	0.37	0.13	0.60	105.00	0.00	0.00	2.35	—	1	37
487	2	65.4%	0.27	0.20	0.48	106.00	—	—	29.30	—	—	—
480	56	64.8%	0.24	0.13	0.42	108.00	41.30	42.70	34.28	—	—	5
747	46	64.5%	0.23	0.12	0.34	110.00	36.30	37.35	3.10	—	3	95
278	2	64.5%	0.18	0.11	0.28	112.00	—	—	49.90	—	—	—
197	14	63.0%	0.16	0.07	0.21	114.00	—	—	34.59	—	—	—
90	10	66.1%	0.14	0.08	0.28	115.00	0.00	0.00	2.88	—	1	36
197	2	67.2%	0.14	0.08	0.29	116.00	50.35	54.35	44.75	60.0%	1	0
571	2	63.5%	0.11	0.05	0.16	118.00	—	—	54.35	—	—	—
2,460	12	66.0%	0.10	0.04	0.20	120.00	51.90	53.05	45.44	—	10	10
1,506	4	67.0%	0.12	0.00	0.23	122.00	—	—	—	—	—	—
195	5	68.4%	0.10	0.02	0.21	124.00	0.00	0.00	51.47	—	1	0
0	1	25.0%	212.91	0.00	0.00	125.00	0.00	0.00	3.61	—	10	103
306	2	69.3%	0.13	0.02	0.20	126.00	—	—	—	—	—	—
248	36	69.0%	0.12	0.00	0.18	128.00	—	—	—	—	—	—
1,097	4	69.5%	0.10	0.00	0.17	130.00	53.20	54.25	4.20	—	38	187
786	2	70.9%	0.16	0.00	0.17	132.00	—	—	—	—	—	—
361	2	71.5%	0.11	0.00	0.16	134.00	—	—	49.97	—	—	—
2	4	—	207.99	315.50	320.50	135.00	0.00	0.00	4.30	—	12	70
388	32	72.3%	0.10	0.00	0.15	136.00	—	—	50.20	—	—	—
4,303	8	73.8%	0.14	0.00	0.14	140.00	62.30	63.95	5.12	—	2	127
4,909	5	75.4%	0.05	0.01	0.12	144.00	74.00	76.80	73.34	—	—	15
22	2	—	200.50	306.50	309.00	145.00	0.00	0.00	5.77	—	1	32
0	1	50.0%	215.50	0.00	0.00	150.00	0.00	0.00	5.94	—	5	574
5	2	—	184.65	298.00	303.00	155.00	0.00	0.00	6.14	—	1	146
6	3	—	177.55	175.00	178.60	160.00	0.00	0.00	6.83	—	12	51
0	1	50.0%	181.50	0.00	0.00	165.00	0.00	0.00	7.64	—	1	47
19	3	50.0%	224.00	0.00	0.00	170.00	0.00	0.00	8.10	—	2	323
11	1	50.0%	239.97	0.00	0.00	175.00	0.00	0.00	7.15	—	10	179
33	4	—	154.65	224.00	228.50	180.00	0.00	0.00	9.00	—	2	132
12	4	50.0%	170.35	0.00	0.00	185.00	0.00	0.00	11.86	—	1	73
252	1	50.0%	166.65	0.00	0.00	190.00	0.00	0.00	10.80	—	1	73
0	20	50.0%	145.50	0.00	0.00	195.00	0.00	0.00	11.52	—	2	810
0	1	50.0%	146.65	0.00	0.00	200.00	0.00	0.00	11.35	—	1	385
132	4	50.0%	191.65	0.00	0.00	210.00	0.00	0.00	14.35	—	1	138
28	1	50.0%	147.41	0.00	0.00	220.00	0.00	0.00	14.31	—	6	123
0	2	50.0%	127.00	0.00	0.00	230.00	0.00	0.00	17.10	—	1	100
99	1	50.0%	170.90	0.00	0.00	240.00	0.00	0.00	19.30	—	2	213
85	1	50.0%	185.95	0.00	0.00	250.00	0.00	0.00	21.85	—	6	357
8	1	50.0%	177.35	0.00	0.00	260.00	0.00	0.00	21.97	—	1	57
57	3	50.0%	171.35	0.00	0.00	270.00	0.00	0.00	27.35	—	2	161
20	2	50.0%	162.95	0.00	0.00	280.00	0.00	0.00	30.62	—	2	87
49	1	50.0%	141.40	0.00	0.00	290.00	0.00	0.00	31.60	—	1	53
384	5	50.0%	128.31	0.00	0.00	300.00	0.00	0.00	34.33	—	1	300
39	32	50.0%	122.09	0.00	0.00	310.00	0.00	0.00	38.20	—	2	92
69	13	50.0%	118.50	0.00	0.00	320.00	0.00	0.00	47.75	—	4	80
86	1	50.0%	122.00	0.00	0.00	330.00	0.00	0.00	45.35	—	1	61
60	2	50.0%	118.00	0.00	0.00	340.00	0.00	0.00	49.50	—	1	267
51	2	50.0%	98.65	0.00	0.00	350.00	0.00	0.00	60.50	—	1	75
183	1	50.0%	90.70	0.00	0.00	360.00	0.00	0.00	61.35	—	2	120
60	3	50.0%	99.00	0.00	0.00	370.00	0.00	0.00	64.63	—	1	34
168	2	50.0%	92.00	0.00	0.00	380.00	0.00	0.00	77.35	—	15	116
109	1	50.0%	85.02	0.00	0.00	390.00	0.00	0.00	73.00	—	3	84
1,109	2	50.0%	80.72	0.00	0.00	400.00	0.00	0.00	81.00	—	1	346
500	1	50.0%	81.90	0.00	0.00	410.00	0.00	0.00	84.53	—	1	59
212	54	50.0%	73.70	0.00	0.00	420.00	0.00	0.00	87.94	—	2	28
23	1	50.0%	75.31	0.00	0.00	430.00	0.00	0.00	93.93	—	1	13
19	1	50.0%	81.42	0.00	0.00	440.00	0.00	0.00	103.10	—	144	85
478	1	50.0%	57.55	0.00	0.00	450.00	0.00	0.00	107.25	—	1	38
45	2	50.0%	69.00	0.00	0.00	460.00	0.00	0.00	123.90	—	53	41
149	1	50.0%	67.42	0.00	0.00	470.00	0.00	0.00	131.10	—	2	21
158	18	50.0%	65.65	0.00	0.00	480.00	136.50	140.50	180.10	—	5	23
65	2	50.0%	61.90	0.00	0.00	490.00	0.00	0.00	141.47	—	3	30
58	2	50.0%	48.00	0.00	0.00	500.00	0.00	0.00	148.62	—	3	33
44	2	50.0%	52.68	0.00	0.00	510.00	206.55	211.00	126.05	—	2	9
39	4	50.0%	51.05	0.00	0.00	520.00	215.05	219.40	136.90	—	1	3
112	8	50.0%	35.70	0.00	0.00	530.00	146.00	151.00	146.50	—	—	0
62	2	50.0%	34.65	0.00	0.00	540.00	0.00	0.00	171.42	—	2	1
138	2	50.0%	33.15	0.00	0.00	550.00	—	—	—	—	—	—
52	1	50.0%	33.80	0.00	0.00	560.00	0.00	0.00	249.49	—	5	0
21	1	50.0%	34.55	0.00	0.00	570.00	173.00	177.50	172.95	—	2	0
0	1	50.0%	15.18	0.00	0.00	580.00	269.50	274.00	218.68	—	—	1
91	2	50.0%	26.95	0.00	0.00	590.00	191.60	196.90	271.77	—	2	0
563	7	50.0%	27.55	0.00	0.00	600.00	0.00	0.00	240.25	—	8	2
260	1	50.0%	26.85	0.00	0.00	610.00	—	—	—	—	—	—
27	5	50.0%	21.48	0.00	0.00	620.00	—	—	—	—	—	—
57	2	50.0%	21.85	0.00	0.00	630.00	—	—	—	—	—	—
38	1	50.0%	21.25	0.00	0.00	640.00	—	—	—	—	—	—
211	2	50.0%	19.30	0.00	0.00	650.00	—	—	—	—	—	—
143	2	50.0%	20.80	0.00	0.00	660.00	—	—	—	—	—	—
60	6	50.0%	17.20	0.00	0.00	670.00	248.50	253.50	249.85	—	2	1
74	8	50.0%	16.85	0.00	0.00	680.00	359.50	362.85	251.02	—	2	2
852	1	50.0%	15.00	0.00	0.00	700.00	—	—	—	—	—	—
1,066	1	50.0%	14.04	0.00	0.00	720.00	0.00	0.00	366.70	—	4	3

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the CVNA put/call ratio?

For the December 18, 2026 expiration, the CVNA put/call ratio based on open interest is 1.59 (107,164 puts vs 67,526 calls), and 1.01 based on today's volume. A ratio above 1 means more puts than calls.

What is CVNA's implied volatility?

At-the-money implied volatility for CVNA options expiring December 18, 2026 is about 65.6%, an annualized estimate of how much the market expects Carvana stock to move.

How many CVNA option expiration dates are there?

CVNA has 14 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.