Carvana (CVNA) Protective Put Calculator
Calculator · free · no signup · CVNAPrice a protective put, zero-cost collar, or put spread on Carvana. Annual cost, max loss, upside cap, tax treatment, auto-filled from current CVNA option chain.
Beta · invite-only · AlphaLatitude Inc. · Free Tools
You priced one hedge. The beta picks the right hedge structure given your full equity stack and tax situation.
Request beta access →Related calculators: Stock Concentration Calculator
About Carvana
Carvana (CVNA) is a public Marketplace company, incorporated in Delaware and headquartered in Tempe, AZ.
Last close: $65 per share (as of 2026-08-19).
Equity grants at Carvana typically include restricted stock units (RSUs).
Carvana Co. is an American online car retailer based in Tempe, Arizona. Carvana was named to the 2021 Fortune 500 list, one of the youngest companies to be added to the list.
Source: Wikipedia (CC BY-SA 4.0)
Ernie Garcia III founded the company in 2012 to sell used cars entirely online, delivering to buyers or dispensing them from glass vending machines that served mostly as marketing. Reconditioning centers and logistics are the actual business, and the near-collapse in 2022 came from expanding that infrastructure faster than demand supported. A 2023 debt restructuring and hard cost reduction restored positive cash flow. Unit economics per retail vehicle sold are the number the model turns on. Headquarters are in Tempe, Arizona.
Sources: sec.gov · en.wikipedia.org
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Carvana.
A protective put caps your downside on the CVNA position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current CVNA option chain, with annual cost, max loss, and tax-treatment notes.
Example: a 5,000-share CVNA position at $65 is worth $325,000. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $6,500 to $13,000) before any premium offset from a short call. The calculator prices both structures off CVNA's current option chain so you see the actual cost for your chosen floor, tenor, and cap.
All Carvana tools → · Use the generic Protect Your Stock Calculator for any company.
Carvana equity questions
- How much does it cost to hedge CVNA stock?
- The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and CVNA's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current CVNA option chain and shows the annual cost, maximum loss, and tax treatment.
- Does Carvana grant ISOs, NSOs, or RSUs?
- Equity compensation at Carvana typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
Find another companyMarketplace peers
One piece of the puzzle.
OptionsAhoy plans your Carvana equity alongside hedging, vesting, and de-concentration, across bullish, neutral, and bearish market scenarios. Free during beta.