CARVANA CO. (CVNA) Options Risk Score
Real-time risk analysis for CVNA options traders — updated every 30 minutes.
Data last updated: 2026-09-06
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Is it risky to sell options on CARVANA CO. (CVNA) right now?
CARVANA CO. (CVNA) currently scores 62 out of 100 for options catalyst risk (MEDIUM) over a 4-week expiry window. That score is driven by an upcoming earnings report, 5 recent news items, 2 active legal filings and 8 recent SEC events falling inside the 4-week window. On TickerRisk's scale 45 to 69 is MEDIUM, meaning something in the 4-week window is worth checking before committing to an expiry. The score measures scheduled event exposure, not the direction CVNA will move.
CVNA shows an IV Rank of 21, near the low end of its one-year range — options are relatively cheap, which favours option buyers over sellers, with a current implied volatility of about 60%. IV Rank answers how CVNA options are priced against their own history, which is the starting point for choosing between selling and buying premium.
CVNA reports on 2026-10-28. Any expiry beyond that date carries the gap, and the implied volatility priced in beforehand typically collapses the morning after.
CARVANA CO. (CVNA) current implied volatility and IV Rank
CVNA is trading at an IV Rank of 21 with implied volatility around 60%, alongside a TickerRisk options-risk score of 62/100. That's low — options are cheap relative to the past year, which favours premium-buying strategies such as long calls, long puts and debit spreads when you expect a move.
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CARVANA CO. (CVNA) next earnings date — 2026-10-28
CARVANA CO. (CVNA) reports earnings on 2026-10-28 — about 52 days away, which falls inside a typical options expiry window. CVNA's IV Rank is currently 21. Earnings are the single biggest scheduled catalyst for an overnight gap: implied volatility usually runs up into the report and collapses immediately after (the IV crush). Selling premium into the event captures that crush but exposes you to the gap; buying premium needs a move large enough to beat the elevated IV you paid.
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