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: Feb 19, 2027
Days to expiration: 131
Share price: $63.73
Put/call ratio (OI): 4.03
Put/call ratio (volume): 1.52
ATM implied volatility: 61.8%
Expected move: ±$23.59
Open interest (C / P): 1.48K / 5.95K

CVNA options summary

The CVNA options chain for the February 19, 2027 expiration lists 16 call and 13 put contracts, with 131 days until expiration. Open interest stands at 1,477 calls and 5,952 puts, a put/call ratio of 4.03, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $65.00 strike is 61.8%, which implies the market expects a move of about ±$23.59 (37.0%) in Carvana stock by expiration.

The most open interest sits at the $75.00 call (306 contracts) and the $45.00 put (2.64K contracts).

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

CVNA options chain · February 19, 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
0	—	—	37.07	0.00	0.00	35.00	0.46	0.97	0.80	70.8%	5	525
4	3	80.4%	26.29	25.00	26.75	40.00	1.07	1.48	1.37	67.7%	5	686
2	1	70.2%	19.10	20.55	22.05	45.00	1.70	2.38	2.24	64.1%	118	2,638
9	4	69.6%	27.35	17.20	18.40	50.00	2.87	3.65	3.45	62.2%	32	915
2	1	131.0%	20.91	22.15	23.55	55.00	4.70	5.25	4.95	61.2%	56	256
88	1	66.6%	12.50	11.40	12.20	60.00	6.85	7.35	7.60	59.9%	2	305
CVNA $63.73
109	3	64.7%	10.60	8.85	9.75	65.00	9.20	10.20	11.95	58.9%	10	166
149	1	64.0%	7.85	6.85	7.90	70.00	12.35	12.80	12.80	57.0%	7	239
306	75	62.5%	5.44	5.45	5.85	75.00	15.60	16.20	16.38	55.6%	1	184
70	8	62.5%	3.90	4.20	4.70	80.00	18.90	20.55	21.92	55.3%	13	30
46	1	61.1%	3.30	2.93	3.70	85.00	23.25	24.45	21.30	55.2%	1	1
197	1	61.1%	2.91	2.21	2.94	90.00	27.25	28.35	30.42	51.3%	13	7
120	61	61.0%	2.27	1.68	2.28	95.00	31.80	33.00	31.42	51.7%	8	0
51	12	61.3%	1.70	1.23	1.89	100.00	—	—	—	—	—	—
155	5	60.2%	2.19	0.82	1.43	105.00	—	—	—	—	—	—
169	1	61.8%	1.32	0.79	1.14	110.00	—	—	—	—	—	—

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 February 19, 2027 expiration, the CVNA put/call ratio based on open interest is 4.03 (5,952 puts vs 1,477 calls), and 1.52 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 February 19, 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.