Carvana Co. (CVNA)
Carvana Max Pain By Strike
CVNA trades at $372.16, 3.4% above the near-term max pain of $360 expiring Sep 12, 2025 (3 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($195-$430), signaling increased put positioning or downside protection. Key magnetic zone at 360 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Carvana Max Pain By Expiry
Max pain for CVNA shows a downward trend from 430 to 195, indicating bearish sentiment or hedging activity. The 70% spread signals divergent expectations across timeframes. Most levels below 372.16 may cap rallies. Strong magnetic level at 360 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 12, 2025 | 360 | -12.16 (-3.27%) |
| Sep 19, 2025 | 320 | -52.16 (-14.02%) |
| Sep 26, 2025 | 360 | -12.16 (-3.27%) |
| Oct 3, 2025 | 360 | -12.16 (-3.27%) |
| Oct 10, 2025 | 365 | -7.16 (-1.92%) |
| Oct 17, 2025 | 370 | -2.16 (-0.58%) |
| Oct 24, 2025 | 380 | 7.84 (2.11%) |
| Nov 21, 2025 | 330 | -42.16 (-11.33%) |
| Dec 19, 2025 | 340 | -32.16 (-8.64%) |
| Jan 16, 2026 | 310 | -62.16 (-16.70%) |
| Feb 20, 2026 | 360 | -12.16 (-3.27%) |
| Mar 20, 2026 | 350 | -22.16 (-5.95%) |
| Jun 18, 2026 | 320 | -52.16 (-14.02%) |
| Sep 18, 2026 | 430 | 57.84 (15.54%) |
| Dec 18, 2026 | 195 | -177.16 (-47.60%) |
| Jan 15, 2027 | 200 | -172.16 (-46.26%) |
| Jun 17, 2027 | 320 | -52.16 (-14.02%) |