CVNA (CVNA) options memo

The Read

CVNA is up 0.45% today at $60.46.

Options traders lean neutral into 2026-07-31, and neutral further out.

A move through the gamma flip level would change how dealers hedge this stock.

Key numbers

• Spot: $60.46
• Lean: neutral
• Nearest expiry: Fri 8/28
• Implied move: 3.6%
• ATM implied volatility: 68.4%
• Max pain: $69.00
• Pin strike: $80.00
• Gamma flip: $74.21
• Dealer positioning: SHORT GAMMA
• Call wall: $80.00
• Put wall: $60.00
• Put/call open interest: 0.698