Open Interest Volume Max Pain Volatility Skew Greeks Expected Move Probability Distribution Gamma Exposure (GEX) Delta Exposure (DEX) Unusual Options

CVNA Unusual Option Activity

Carvana Co (CVNA) option volume on Nov 11, 2026 was 2.5% of open interest, well below the 20-day average of 5.7%. Calls made up 52.0% of the volume. Relative to open interest, that was CVNA's least active day in 4 weeks.

Symbol	Type	Strike	Expiration	Volume/Open Interest	Volume	Open Interest
CVNA	PUT	69.0	Nov 13, 2026 (w)	1.19	719	605
CVNA	PUT	77.0	Nov 13, 2026 (w)	0.51	133	260
CVNA	PUT	72.0	Nov 13, 2026 (w)	0.44	378	858
CVNA	CALL	76.0	Nov 13, 2026 (w)	0.35	539	1,527
CVNA	PUT	67.0	Nov 13, 2026 (w)	0.34	156	461
CVNA	CALL	74.0	Nov 13, 2026 (w)	0.29	150	509
CVNA	CALL	73.0	Nov 13, 2026 (w)	0.22	122	550
CVNA	PUT	73.0	Nov 13, 2026 (w)	0.21	138	662
CVNA	PUT	70.0	Nov 13, 2026 (w)	0.17	207	1,188
CVNA	PUT	68.0	Nov 13, 2026 (w)	0.16	91	581
CVNA	CALL	72.0	Nov 13, 2026 (w)	0.16	246	1,576
CVNA	CALL	85.0	Nov 13, 2026 (w)	0.11	50	475
CVNA	CALL	77.0	Nov 13, 2026 (w)	0.10	52	529
CVNA	CALL	80.0	Nov 13, 2026 (w)	0.09	142	1,634
CVNA	PUT	74.0	Nov 13, 2026 (w)	0.08	31	398
CVNA	PUT	71.0	Nov 13, 2026 (w)	0.07	27	392
CVNA	CALL	75.0	Nov 13, 2026 (w)	0.04	160	3,751
CVNA	CALL	70.0	Nov 13, 2026 (w)	0.03	12	378
CVNA	PUT	75.0	Nov 13, 2026 (w)	0.02	9	457
CVNA	CALL	81.0	Nov 13, 2026 (w)	0.02	6	309
CVNA	CALL	71.0	Nov 13, 2026 (w)	0.01	5	370
CVNA	CALL	78.0	Nov 13, 2026 (w)	0.01	34	2,854
CVNA	PUT	65.0	Nov 13, 2026 (w)	0.01	21	1,822
CVNA	CALL	68.0	Nov 13, 2026 (w)	0.01	3	285
CVNA	CALL	69.0	Nov 13, 2026 (w)	0.01	3	288
CVNA	CALL	60.0	Nov 13, 2026 (w)	0.01	1	101
CVNA	CALL	65.0	Nov 13, 2026 (w)	0.00	2	421
CVNA	CALL	79.0	Nov 13, 2026 (w)	0.00	1	360

CVNA Unusual Options FAQ

What makes option activity unusual?

Option activity is usually called unusual when a contract trades much more volume than its open interest, which can mean traders are opening new positions.

Is CVNA seeing unusual options activity?

On Nov 11, 2026, Carvana options traded 25.56K contracts against 1.03M open, a volume to open interest ratio of 0.02, well below its 20-day average. The table above lists the contracts with the highest ratios.

Are CVNA traders trading more calls or puts?

Calls made up 52.0% of Carvana option volume on Nov 11, 2026, a put/call ratio of 0.92, which signals bullish sentiment. The CVNA option volume chart shows calls and puts by strike.

What is Carvana Co?

Carvana Co is an e-commerce platform for buying and selling used cars.