Tour v526
CVNA
CARVANA CO A
$71.52 +1.53%
$71.40 (-0.17%)🌙
as of 08/20 06:22 PM
(8/19 18:22) ◀
|
Thursday, August 20, 2026 (6:22pm)
January 2026
|
▶ (8/21 18:23)
◀ 8/20 18:22 ▶

Option Volume

Detail
ℹ
Current (08/20) 40,068
Calls: 18,317 (46%)
Puts: 21,751 (54%)
Prior (08/19) 86,957
Calls: 36,375 (42%)
Puts: 50,582 (58%)
Current vs Prior -53.92%
Calls: -49.64% (Calls)
Puts: -57.00% (Puts)
Prior 7-Day Total 476,172
Calls: 188,471 (40%)
Puts: 287,701 (60%)
Prior 7-Day Average 68,024
Calls: 26,924 (40%)
Puts: 41,100 (60%)
Current vs Prior 7-Day Avg -41.10%
Calls: -31.97%
Puts: -47.08%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (08/20) $15.25M
Calls: $4.72M (31%)
Puts: $10.52M (69%)
Prior (08/19) $15.34M
Calls: $7.60M (50%)
Puts: $7.74M (50%)
Current vs Prior -0.64%
Calls: -37.89%
Puts: +35.93%
Prior 7-Day Total $117.92M
Calls: $61.37M (52%)
Puts: $56.56M (48%)
Prior 7-Day Average $16.85M
Calls: $8.77M (52%)
Puts: $8.08M (48%)
Current vs Prior 7-Day Avg -9.50%
Calls: -46.14%
Puts: +30.25%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (08/20) 1.19
Prior (08/19) 1.39
Current vs Prior -14.61%
Prior 7-Day Average 1.40
Current vs Prior 7-Day Avg -15.46%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (08/20) 585,500
Calls: 236,433 (40%)
Puts: 349,067 (60%)
Prior (08/19) 705,701
Calls: 297,628 (42%)
Puts: 408,073 (58%)
Current vs Prior -17.03%
Prior 7-Day Total 3,836,422
Calls: 1,711,262 (45%)
Puts: 2,125,160 (55%)
Prior 7-Day Average 548,060
Calls: 244,466 (45%)
Puts: 303,594 (55%)
Current vs Prior 7-Day Avg +6.83%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 3.48% | 7.54%3.48% | 13.87%
Prior 4.43% | 8.23%4.43% | 14.49%
Current vs Prior -21.40% | -8.47%-21.40% | -4.31%
Prior 7-Day Avg 4.85% | 8.09%6.27% | 14.33%
Current vs 7-Day Avg -28.16% | -6.85%-44.50% | -3.23%
Prior 7-Day Eod 4.43% | 8.23%4.43% | 14.49%
Current vs 7-Day Eod -21.40% | -8.47%-21.40% | -4.31%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
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

Moderately bearish flow with 69% put dollar volume ($10.52M). Below-average activity with volume down 54% vs prior. Slightly bearish P/C ratio of 1.19. Declining open interest (down 17%) indicates positions being closed.

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 BULLISH
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BEARISH
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 54 of results (avg 7.1%, best 2.9%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$58.00Aug 2113.4513.85$13.652.9%10.99--
$59.00Aug 2112.4512.85$12.653.2%10.99--
$60.00Aug 2111.4511.85$11.653.4%100.992.7K
$58.00Sep 1814.1514.65$14.403.5%20.89139
$63.00Aug 218.458.85$8.654.6%50.98149
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$85.00Sep 1813.7014.30$14.004.3%20.85--
$81.00Aug 289.309.80$9.555.2%150.9370
$82.00Aug 2110.1510.75$10.455.7%281.00--
$78.00Sep 188.108.60$8.356.0%50.68--
$80.00Sep 48.709.30$9.006.7%660.83327

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.88, cheapest $0.88)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$60.00Sep 180.810.95$0.8815.9%1.0K0.1310.6K

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 81 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$60.00Aug 2111.4511.85$11.653.4%100.992.7K
$58.00Aug 2113.4513.85$13.652.9%10.99--
$59.00Aug 2112.4512.85$12.653.2%10.99--
$63.00Aug 218.458.85$8.654.6%50.98149
$64.00Aug 217.457.85$7.655.2%10.973.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$78.00Aug 216.156.75$6.459.3%9841.00--
$79.00Aug 217.157.75$7.458.1%181.00--
$80.00Aug 218.158.75$8.457.1%1.9K1.00--
$82.00Aug 2110.1510.75$10.455.7%281.00--
$85.00Aug 2112.8015.15$13.9816.8%451.00--

Most actively traded options today. High liquidity = easy entry/exit. 218 active (total vol 33.1K, top 4.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$76.00Aug 280.671.02$0.8541.2%2.1K0.25182
$72.00Aug 210.620.87$0.7533.3%1.6K0.443.0K
$76.00Aug 210.030.08$0.0683.3%1.4K0.054.8K
$71.00Aug 211.211.45$1.3318.0%1.1K0.60359
$74.00Aug 210.120.25$0.1968.4%1.1K0.162.3K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$69.00Aug 210.170.30$0.2454.2%4.0K0.164.5K
$80.00Aug 218.158.75$8.457.1%1.9K1.00--
$70.00Aug 210.400.53$0.4727.7%1.2K0.275.3K
$60.00Sep 180.810.95$0.8815.9%1.0K0.1310.6K
$78.00Aug 216.156.75$6.459.3%9841.00--

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 13 strikes (avg 19.5%, max 36.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$70.00Aug 21Sep 2575.8%55.4%36.9%3827.8K
$69.00Aug 21Sep 2575.5%56.8%33.0%938.7K
$71.00Aug 21Oct 266.6%57.4%16.1%1.1K359
$74.00Aug 21Sep 1864.4%55.9%15.2%1.1K4.7K
$73.00Aug 21Sep 465.3%57.3%14.1%266810
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$70.00Aug 21Oct 275.8%57.1%32.7%1.3K5.4K
$69.00Aug 21Oct 275.5%57.3%31.6%4.1K4.5K
$71.00Aug 21Sep 1166.6%53.7%24.0%1161.2K
$72.00Aug 21Sep 1165.5%55.6%17.6%263.8K
$73.00Aug 21Aug 2865.3%56.0%16.7%6421

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 122 found (best R:R 0.88, avg 2.71)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$68.00$71.00Oct 2$1.60$1.40$1.6065%0.88$69.60
$71.00$79.00Oct 2$3.24$4.76$3.2457%1.47$74.24
$69.00$70.00Sep 25$0.37$0.63$0.3761%1.70$69.37
$73.00$74.00Sep 4$0.25$0.75$0.2546%3.00$73.25
$66.00$68.00Sep 18$1.25$0.75$1.2572%0.60$67.25
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$76.00$75.00Aug 28$0.61$0.39$0.6176%0.64$75.39
$68.00$67.00Sep 4$0.21$0.79$0.2131%3.76$67.79
$70.00$69.00Sep 25$0.35$0.65$0.3542%1.86$69.65
$71.00$70.50Aug 21$0.13$0.37$0.1340%2.85$70.87
$71.00$70.00Sep 11$0.39$0.61$0.3945%1.56$70.61

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 88 found (best R:R 0.20, avg 0.41)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$74.00$75.00Sep 4$0.52$0.52$0.4858%1.08$74.52
$72.00$73.00Aug 28$0.53$0.53$0.4750%1.13$72.53
$80.00$83.00Sep 4$0.36$0.36$2.6483%0.14$80.36
$76.00$77.00Aug 28$0.25$0.25$0.7575%0.33$76.25
$77.00$78.00Sep 4$0.28$0.28$0.7272%0.39$77.28
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$65.00$60.00Sep 11$0.83$0.83$4.1777%0.20$64.17
$60.00$59.00Oct 2$0.26$0.26$0.7483%0.35$59.74
$63.00$60.00Oct 2$0.65$0.65$2.3577%0.28$62.35
$62.00$60.00Sep 18$0.38$0.38$1.6282%0.23$61.62
$68.00$66.00Oct 2$0.73$0.73$1.2765%0.57$67.27

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $1.46, cheapest $1.40)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$71.00Aug 21Aug 28$1.4766.6%57.1%
$72.00Aug 21Aug 28$1.5465.5%58.3%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$71.00Aug 21Aug 28$1.4066.6%57.1%
$72.00Aug 21Aug 28$1.4365.5%58.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 54 found (cheapest 2.67% of stock, avg 8.83%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$72.00Aug 21$0.75$1.16$1.91$70.09$73.912.67%
$71.00Aug 21$1.33$0.69$2.02$68.98$73.022.82%
$73.00Aug 21$0.40$1.81$2.21$70.79$75.213.09%
$70.50Aug 21$1.67$0.56$2.23$68.27$72.733.12%
$70.00Aug 21$1.97$0.47$2.44$67.56$72.443.41%
$69.50Aug 21$2.43$0.29$2.72$66.78$72.223.80%
$74.00Aug 21$0.19$2.59$2.78$71.22$76.783.89%
$69.00Aug 21$2.87$0.24$3.11$65.89$72.114.35%
$68.50Aug 21$3.30$0.17$3.47$65.03$71.974.85%
$75.00Aug 21$0.09$3.48$3.57$71.43$78.574.99%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 160 found (cheapest 0.42% of stock, avg 5.71%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$76.00$69.00Aug 21$0.06$0.24$0.30$68.70$76.30
$75.00$69.00Aug 21$0.09$0.24$0.33$68.67$75.33
$76.00$69.50Aug 21$0.06$0.29$0.35$69.15$76.35
$75.00$69.50Aug 21$0.09$0.29$0.38$69.12$75.38
$74.00$69.00Aug 21$0.19$0.24$0.43$68.57$74.43
$74.00$69.50Aug 21$0.19$0.29$0.48$69.02$74.48
$76.00$70.00Aug 21$0.06$0.47$0.53$69.47$76.53
$75.00$70.00Aug 21$0.09$0.47$0.56$69.44$75.56
$73.00$69.00Aug 21$0.40$0.24$0.64$68.36$73.64
$74.00$70.00Aug 21$0.19$0.47$0.66$69.34$74.66

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 106 found (best R:R 1.00, avg credit $0.64)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
64/6577/78Sep 4$0.50$0.5052%1.00$64.50$77.50
64/6576/77Aug 28$0.40$0.6061%0.67$64.60$76.40
64/6579/80Aug 28$0.28$0.7272%0.39$64.72$79.28
61/6277/78Sep 4$0.39$0.6160%0.64$61.61$77.39
63/6477/78Sep 4$0.43$0.5755%0.75$63.57$77.43
64/6578/79Sep 4$0.42$0.5856%0.72$64.58$78.42
64/6575/76Aug 28$0.42$0.5855%0.72$64.58$75.42
65/6676/77Aug 28$0.40$0.6057%0.67$65.60$76.40
65/6679/80Aug 28$0.28$0.7269%0.39$65.72$79.28
60/6278/80Sep 18$0.96$1.0450%0.92$61.04$78.96

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 55 found (best R:R 32.33, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$80.00$82.00$84.00Sep 18$0.06$1.949%32.33
$72.00$73.00$74.00Aug 21$0.14$0.8628%6.14
$73.00$74.00$75.00Aug 21$0.11$0.8920%8.09
$74.00$75.00$76.00Aug 28$0.07$0.9312%13.29
$74.00$75.00$76.00Aug 21$0.07$0.9310%13.29
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$72.00$73.00$74.00Aug 21$0.13$0.8729%6.69
$71.00$72.00$73.00Aug 21$0.18$0.8233%4.56
$73.00$74.00$75.00Aug 21$0.11$0.8920%8.09
$71.00$72.00$73.00Aug 28$0.07$0.9313%13.29
$63.00$65.00$67.00Sep 25$0.11$1.8910%17.18

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 90 found (best net $-0.61, 86 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$60.00$66.001:2Sep 18-$3.16$2.84
$76.00$80.001:2Sep 11-$0.07$3.93
$79.00$83.001:2Oct 2-$0.70$3.30
$71.00$72.001:2Aug 21-$0.17$0.83
$72.00$73.001:2Aug 21-$0.05$0.95
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$81.00$76.001:2Aug 28-$0.61$4.39
$85.00$78.001:2Sep 18-$2.70$4.30
$80.00$75.001:2Sep 4-$1.46$3.54
$76.00$70.001:2Oct 2-$1.41$4.59
$77.00$75.001:2Aug 21-$1.48$0.52

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 48 found (best yield 3.40%, avg 2.22%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$79.00Oct 2$2.430.3410.5%3.40%13.86%5--
$72.00Sep 25$4.700.520.7%6.57%7.24%12
$75.00Sep 25$3.250.434.9%4.54%9.41%623
$76.00Sep 25$2.910.406.3%4.07%10.33%10--
$77.00Sep 25$2.580.377.7%3.61%11.27%3--
$74.00Sep 18$3.250.453.5%4.54%8.01%562.5K
$72.00Sep 18$4.100.510.7%5.73%6.40%546.7K
$76.00Sep 18$2.610.386.3%3.65%9.91%792.0K
$75.00Sep 18$2.870.414.9%4.01%8.88%103967
$83.00Oct 2$1.480.2416.1%2.07%18.12%1--

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 18,317
Total Puts 21,751
Put/Call Ratio 1.19
Net Difference -3,434

Prior's Put/Call Breakdown

Total Calls 36,375
Total Puts 50,582
Put/Call Ratio 1.39
Net Difference -14,207

Prior 7-Day Put/Call Summary

Total Calls 188,471
Total Puts 287,701
Average Put/Call Ratio 1.40
Ratio Trend Falling

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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