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: Jan 15, 2027
Days to expiration: 96
Share price: $63.73
Put/call ratio (OI): 0.94
Put/call ratio (volume): 1.25
ATM implied volatility: 61.8%
Expected move: ±$20.21
Open interest (C / P): 132.69K / 125.24K

CVNA options summary

The CVNA options chain for the January 15, 2027 expiration lists 147 call and 140 put contracts, with 96 days until expiration. Open interest stands at 132,685 calls and 125,238 puts, a put/call ratio of 0.94, which is fairly balanced between calls and puts. At-the-money implied volatility near the $64.00 strike is 61.8%, which implies the market expects a move of about ±$20.21 (31.7%) in Carvana stock by expiration.

The most open interest sits at the $80.00 call (20.53K contracts) and the $16.00 put (14.72K contracts).

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

CVNA options chain · January 15, 2027

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
421	1	129.7%	47.19	46.60	49.15	16.00	0.02	0.07	0.05	110.9%	15	14,722
1,004	50	412.6%	52.23	53.50	56.90	17.00	0.00	0.07	0.03	103.1%	3	2,723
434	100	401.3%	51.41	52.55	56.45	18.00	0.00	0.33	0.30	121.5%	1	2,093
45	50	119.7%	45.05	43.65	46.20	19.00	0.00	0.00	0.15	50.0%	25	0
207	7	—	46.00	39.80	43.10	20.00	0.05	0.10	0.12	99.6%	1	9,958
—	—	—	63.05	—	—	21.00	0.00	0.24	0.08	102.3%	4	2,128
—	—	—	44.25	—	—	22.00	0.00	0.33	0.15	103.1%	2	614
—	—	—	56.23	—	—	23.00	0.00	0.33	0.05	99.2%	33	845
192	—	268.4%	54.95	45.05	47.80	24.00	0.00	0.22	0.10	89.7%	32	897
135	—	240.1%	51.74	43.05	45.90	25.00	0.00	0.35	0.08	92.6%	4	753
—	—	—	43.10	—	—	26.00	0.07	0.34	0.13	91.3%	3	2,953
110	40	285.4%	34.70	43.90	47.90	27.00	0.03	0.19	0.11	79.5%	6	515
120	5	274.6%	43.32	42.95	46.75	28.00	0.04	0.34	0.11	83.4%	4	828
0	2	—	40.35	0.00	0.00	29.00	0.00	0.43	0.15	81.8%	2	307
123	3	92.4%	34.37	33.60	34.85	30.00	0.12	0.27	0.18	77.3%	2	7,945
—	—	—	45.99	—	—	31.00	0.13	0.34	0.20	76.8%	6	670
249	2	89.0%	44.00	31.15	33.50	32.00	0.18	0.32	0.25	74.6%	4	656
0	2	—	41.72	0.00	0.00	33.00	0.19	0.51	0.30	76.5%	2	327
280	5	84.6%	40.55	29.10	31.70	34.00	0.30	0.57	0.59	76.8%	1	1,021
0	1	—	37.90	0.00	0.00	35.00	0.29	0.54	0.41	73.0%	2	922
1,329	3	246.1%	34.24	38.30	40.70	36.00	0.33	0.57	0.48	71.3%	2	805
0	5	—	36.95	0.00	0.00	37.00	0.39	0.64	0.51	70.5%	16	432
1,241	5	231.0%	28.90	36.40	38.60	38.00	0.45	0.66	0.53	68.8%	16	1,598
501	10	77.6%	34.63	24.80	26.75	39.00	0.59	0.76	0.70	69.1%	40	360
1,751	15	79.3%	24.22	23.90	26.15	40.00	0.59	0.85	0.83	67.3%	23	10,820
1,332	35	182.1%	22.85	30.55	32.75	42.00	0.79	1.23	1.09	67.6%	6	1,002
526	1	76.0%	21.20	21.10	22.15	44.00	1.04	1.50	1.35	66.3%	10	3,833
32	1	74.2%	20.70	20.10	21.35	45.00	1.19	1.52	1.54	64.7%	1	1,276
473	5	72.2%	30.50	19.40	20.25	46.00	1.47	1.68	1.61	65.0%	1	2,230
360	23	72.2%	27.70	17.85	18.85	48.00	1.80	2.11	2.14	64.0%	4	1,341
585	2	70.8%	17.70	16.30	17.35	50.00	2.40	2.60	2.46	64.2%	103	4,397
0	3	—	22.21	0.00	0.00	52.00	2.83	3.15	2.97	62.9%	25	1,184
445	100	69.0%	16.92	13.65	14.45	54.00	3.40	3.80	3.80	62.2%	11	4,754
170	1	67.9%	13.40	13.00	13.65	55.00	3.75	4.15	3.87	62.0%	4	621
1,852	15	66.9%	12.51	12.35	12.90	56.00	4.20	4.50	4.25	62.1%	53	2,185
430	3	67.1%	11.50	11.15	11.90	58.00	5.00	5.30	5.05	61.6%	1	903
1,789	3	65.8%	10.68	10.05	10.60	60.00	5.80	6.15	6.02	60.8%	16	5,016
601	3	65.7%	9.60	9.00	9.70	62.00	6.80	7.15	7.25	60.7%	56	1,483
CVNA $63.73
344	1	64.7%	8.80	8.10	8.55	64.00	7.55	8.15	8.15	59.0%	6	1,322
758	3	65.2%	7.50	7.55	8.40	65.00	8.35	8.70	8.40	59.7%	43	766
477	3	63.9%	7.05	7.10	7.70	66.00	8.75	9.30	9.05	59.0%	1	1,043
706	1	63.7%	6.45	6.35	6.90	68.00	9.85	10.45	10.35	58.1%	4	866
3,061	10	63.0%	6.12	5.55	6.15	70.00	11.05	11.70	11.83	57.3%	8	2,085
3,933	4	63.0%	5.05	4.90	5.55	72.00	12.55	13.05	13.05	57.6%	5	1,381
5,271	12	62.3%	4.60	4.20	4.95	74.00	14.05	14.45	14.25	57.5%	3	970
1,082	1	63.0%	4.60	4.15	4.65	75.00	14.45	15.25	14.75	56.3%	2	332
1,815	7	62.1%	4.30	3.90	4.20	76.00	15.30	16.00	15.90	56.6%	4	301
528	5	62.2%	3.45	3.25	3.95	78.00	16.90	17.55	17.20	56.6%	4	1,701
20,529	22	62.4%	3.20	3.00	3.45	80.00	18.50	19.15	19.05	56.4%	50	2,118
2,851	4	62.2%	3.00	2.57	3.10	82.00	20.10	20.85	23.60	56.2%	1	333
4,153	1	61.1%	2.37	2.27	2.53	84.00	21.70	22.50	22.45	55.3%	15	446
2,257	63	61.3%	2.35	2.13	2.41	85.00	22.60	23.35	16.45	55.4%	1	108
315	1	60.6%	2.09	1.83	2.30	86.00	23.40	24.30	18.00	55.3%	34	996
2,479	8	61.0%	1.86	1.76	1.95	88.00	25.00	26.00	26.70	53.6%	10	271
7,404	82	59.8%	1.52	1.35	1.71	90.00	27.05	27.75	27.27	54.7%	5	304
756	11	61.8%	1.43	1.33	1.66	92.00	27.85	29.60	33.18	59.7%	5	137
1,343	32	60.9%	1.25	1.03	1.47	94.00	29.80	31.45	34.00	60.0%	50	214
200	38	61.4%	1.19	1.03	1.38	95.00	0.00	0.00	25.25	—	4	0
629	50	60.5%	1.12	0.83	1.31	96.00	0.00	0.00	28.30	—	17	0
530	4	60.4%	0.96	0.70	1.16	98.00	25.90	26.80	33.75	—	21	134
2,645	7	60.3%	0.80	0.73	0.89	100.00	35.85	37.30	37.70	64.0%	10	126
561	30	60.5%	0.78	0.50	0.93	102.00	37.40	39.45	39.50	68.3%	10	40
1,301	46	60.5%	0.69	0.42	0.84	104.00	43.50	46.20	38.00	107.7%	5	40
122	1	61.8%	0.58	0.50	0.80	105.00	0.00	0.00	2.94	—	60	434
231	12	62.0%	0.74	0.47	0.76	106.00	—	—	37.96	—	—	—
464	2	62.4%	0.43	0.43	0.69	108.00	43.30	45.60	40.85	51.1%	1	39
445	6	60.7%	0.40	0.24	0.61	110.00	45.40	47.05	37.30	68.7%	10	325
784	43	60.4%	0.41	0.22	0.50	112.00	47.25	49.15	39.10	72.3%	30	157
533	2	60.8%	0.31	0.23	0.43	114.00	—	—	42.74	—	—	—
81	12	61.1%	0.29	0.22	0.41	115.00	43.10	44.80	51.00	—	1	1
527	10	60.7%	0.24	0.19	0.38	116.00	—	—	33.84	—	—	—
627	2	60.5%	0.28	0.11	0.38	118.00	43.00	44.65	55.00	—	2	0
2,083	6	63.2%	0.21	0.15	0.41	120.00	55.00	57.60	57.00	86.3%	1	1
2,630	10	63.8%	0.20	0.14	0.38	122.00	53.95	55.45	49.61	—	—	75
223	30	62.4%	0.17	0.05	0.35	124.00	55.80	57.35	49.33	—	—	25
27	1	25.0%	258.70	0.00	0.00	125.00	0.00	0.00	4.05	—	50	119
382	2	64.1%	0.15	0.09	0.33	126.00	—	—	—	—	—	—
416	10	64.8%	0.13	0.09	0.31	128.00	—	—	—	—	—	—
2,835	30	64.2%	0.13	0.06	0.27	130.00	60.95	62.75	53.02	—	60	20
1,351	6	63.1%	0.11	0.00	0.26	132.00	—	—	—	—	—	—
1,531	4	65.4%	0.10	0.04	0.26	134.00	64.75	66.40	59.31	—	—	5
14	1	—	180.00	228.50	233.50	135.00	0.00	0.00	4.75	—	5	94
8,458	7	64.3%	0.12	0.00	0.23	136.00	71.00	74.00	71.80	70.9%	—	0
2,979	2	65.0%	0.10	0.05	0.15	140.00	75.25	77.60	75.91	69.1%	750	500
3,513	17	67.4%	0.13	0.00	0.21	144.00	78.40	81.80	80.02	106.2%	—	0
0	1	25.0%	219.72	0.00	0.00	145.00	0.00	0.00	6.05	—	1	59
19	1	25.0%	274.37	0.00	0.00	150.00	0.00	0.00	5.91	—	27	1,658
0	2	25.0%	229.95	0.00	0.00	155.00	0.00	0.00	7.70	—	1	130
55	20	25.0%	255.98	0.00	0.00	160.00	0.00	0.00	7.00	—	5	125
56	2	—	172.20	236.85	240.50	165.00	0.00	0.00	8.80	—	1	46
0	4	50.0%	170.20	0.00	0.00	170.00	0.00	0.00	8.95	—	1	219
56	1	50.0%	237.70	0.00	0.00	175.00	0.00	0.00	9.00	—	2	132
276	1	50.0%	226.00	0.00	0.00	180.00	0.00	0.00	9.13	—	10	145
42	1	50.0%	218.10	0.00	0.00	185.00	0.00	0.00	10.00	—	1	95
249	50	—	145.39	215.80	220.50	190.00	0.00	0.00	13.26	—	1	343
108	1	50.0%	236.90	0.00	0.00	195.00	0.00	0.00	15.92	—	2	58
383	1	50.0%	205.25	0.00	0.00	200.00	0.00	0.00	12.00	—	20	2,484
260	1	50.0%	218.88	0.00	0.00	210.00	0.00	0.00	13.80	—	2	205
110	2	—	123.10	193.65	197.50	220.00	0.00	0.00	17.32	—	3	739
94	3	50.0%	201.75	0.00	0.00	230.00	0.00	0.00	17.92	—	1	277
79	1	50.0%	190.65	0.00	0.00	240.00	0.00	0.00	20.12	—	1	146
115	1	50.0%	170.88	0.00	0.00	250.00	0.00	0.00	24.37	—	6	518
137	7	50.0%	180.75	0.00	0.00	260.00	0.00	0.00	24.95	—	13	136
85	6	50.0%	173.65	0.00	0.00	270.00	0.00	0.00	27.80	—	2	921
557	5	50.0%	137.50	0.00	0.00	280.00	0.00	0.00	30.00	—	4	319
68	2	50.0%	156.80	0.00	0.00	290.00	0.00	0.00	34.25	—	7	76
297	6	50.0%	132.39	0.00	0.00	300.00	0.00	0.00	37.40	—	5	427
61	1	50.0%	144.45	0.00	0.00	310.00	0.00	0.00	40.80	—	9	135
89	10	50.0%	119.61	0.00	0.00	320.00	0.00	0.00	44.55	—	31	193
87	2	50.0%	111.90	0.00	0.00	330.00	0.00	0.00	48.20	—	7	167
153	2	50.0%	118.75	0.00	0.00	340.00	0.00	0.00	53.35	—	4	130
391	3	50.0%	106.25	0.00	0.00	350.00	0.00	0.00	59.00	—	23	333
391	1	50.0%	113.70	0.00	0.00	360.00	0.00	0.00	63.45	—	5	260
1,040	1	50.0%	93.35	0.00	0.00	370.00	0.00	0.00	71.35	—	2	119
340	2	50.0%	98.75	0.00	0.00	380.00	0.00	0.00	76.00	—	1	74
69	1	50.0%	94.00	0.00	0.00	390.00	0.00	0.00	80.75	—	15	315
4,618	3	50.0%	88.26	0.00	0.00	400.00	0.00	0.00	84.25	—	10	486
529	2	50.0%	80.73	0.00	0.00	410.00	0.00	0.00	94.60	—	2	63
862	51	50.0%	78.49	0.00	0.00	420.00	0.00	0.00	94.08	—	6	65
38	2	50.0%	85.90	0.00	0.00	430.00	0.00	0.00	100.18	—	6	183
115	3	50.0%	65.35	0.00	0.00	440.00	0.00	0.00	109.20	—	5	47
389	20	50.0%	68.83	0.00	0.00	450.00	0.00	0.00	120.07	—	1	70
157	1	50.0%	62.66	0.00	0.00	460.00	0.00	0.00	125.05	—	1	27
232	10	50.0%	58.80	0.00	0.00	470.00	0.00	0.00	134.40	—	8	52
109	25	50.0%	57.00	0.00	0.00	480.00	0.00	0.00	140.94	—	1	11
57	5	50.0%	52.90	0.00	0.00	490.00	0.00	0.00	137.52	—	20	23
472	1	50.0%	50.98	0.00	0.00	500.00	0.00	0.00	151.22	—	2	27
82	108	50.0%	47.95	0.00	0.00	510.00	0.00	0.00	192.95	—	2	8
244	92	50.0%	46.71	0.00	0.00	520.00	0.00	0.00	201.10	—	1	7
44	79	50.0%	51.61	0.00	0.00	530.00	225.00	229.50	189.80	—	1	6
83	3	50.0%	38.14	0.00	0.00	540.00	233.50	237.05	145.90	—	2	8
63	1	50.0%	43.50	0.00	0.00	550.00	0.00	0.00	191.24	—	1	69
154	25	50.0%	31.45	0.00	0.00	560.00	0.00	0.00	241.07	—	100	0
117	3	50.0%	35.80	0.00	0.00	570.00	262.00	266.50	213.68	—	—	9
101	3	50.0%	32.50	0.00	0.00	580.00	267.50	272.50	169.19	—	2	3
129	1	50.0%	30.60	0.00	0.00	590.00	193.00	198.50	301.72	—	1	0
426	23	50.0%	31.70	0.00	0.00	600.00	0.00	0.00	235.60	—	5	9
513	1	50.0%	32.28	0.00	0.00	610.00	0.00	0.00	248.05	—	—	15
28	1	50.0%	26.20	0.00	0.00	620.00	0.00	0.00	246.65	—	—	5
51	2	50.0%	26.25	0.00	0.00	630.00	—	—	—	—	—	—
51	5	50.0%	24.60	0.00	0.00	640.00	—	—	—	—	—	—
540	2	50.0%	24.55	0.00	0.00	650.00	0.00	0.00	265.10	—	1	4
218	1	50.0%	22.55	0.00	0.00	660.00	—	—	—	—	—	—
295	1	50.0%	21.45	0.00	0.00	670.00	0.00	0.00	296.53	—	2	1
1,711	3	50.0%	20.60	0.00	0.00	680.00	0.00	0.00	306.30	—	10	10
682	2	50.0%	19.15	0.00	0.00	700.00	320.25	323.45	399.99	—	1	100
987	8	50.0%	15.90	0.00	0.00	720.00	—	—	—	—	—	—

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 January 15, 2027 expiration, the CVNA put/call ratio based on open interest is 0.94 (125,238 puts vs 132,685 calls), and 1.25 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 January 15, 2027 is about 61.8%, 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.