Consumer Discretionary · Consumer
KMX Implied Volatility, IV Rank & Options Chain
CarMax Inc. (KMX) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for CarMax Inc.
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On this page
KMX options trade with implied volatility typically in the 22% - 48% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.
KMX implied volatility
As of 2026-09-01As of 2026-09-01, KMX's 30-day implied volatility is 46.4%, placing its 1-year IV percentile at 21.0 — above 21.0% of the past year's daily IV readings, a low-IV, premium-buying regime favoring long calls/puts and debit spreads.
KMX live chain, Greeks and GEX
TerminalEvery figure above is reference data. The live KMX chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.
KMX options at a glance
- Daily volume
- N/A
- IV range
- 22% - 48%
- Bid-ask spread
- N/A
- Expirations
- Weekly, monthly, LEAPS
- Open interest
- N/A
- Next earnings
- See earnings calendar
About CarMax Inc. (KMX)
CarMax is the nation's largest retailer of used cars, operating over 240 stores and an online platform providing a no-haggle buying experience.
Company profile
- Sector
- Consumer Discretionary
- Industry
- Specialty Retail
- Market cap
- $12B+
- Exchange
- NYSE
Key dates
- Next earnings
- See earnings calendar
- Earnings frequency
- Quarterly
- Dividend schedule
- See company page
- Fiscal year end
- February
CarMax Inc. operates in the Consumer Discretionary sector.
KMX options market overview
KMX options provide good liquidity for options traders.
- Average daily volume
- N/A
- Total open interest
- N/A
- Put/call ratio
- N/A
- Typical ATM spread
- N/A
- Weekly options
- Available
- LEAPS available
- Yes
Liquidity assessment: Good
KMX options are available for trading across multiple expirations.
KMX implied volatility and IV rank
KMX implied volatility reflects consumer spending trends and competitive dynamics.
Earnings impact
IV typically expands before earnings and contracts after the announcement.
The post-earnings volatility drop is known as IV crush. Holders of short KMX options should also understand early assignment risk around dividends and expiration.
Historical volatility vs IV
KMX IV generally trades near historical volatility, with premiums expanding around earnings.
Term structure
Typically upward sloping under normal conditions.
The smile, the term structure and the cone for KMX, on today's chain.
Open the Volatility LabKMX gamma exposure (GEX)
Gamma Exposure analysis for KMX reveals dealer hedging dynamics at key strike levels.
- Typical GEX profile. KMX tends to operate in a positive gamma environment during normal conditions.
- Key levels.
- Dealer hedging.
Where the gamma sits on KMX right now, strike by strike.
See live KMX GEXCommon KMX options strategies
These are strategies commonly used by traders on KMX options, based on typical market characteristics. This is not investment advice.
Key considerations for KMX options
- KMX options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
- Monitor earnings dates for IV expansion/contraction patterns
- Consider the stock's beta when sizing positions
KMX key events
Earnings months. March, June, September, December
- Written by
- ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use. - Reviewed by
- Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.
Revised as market conditions and institutional data change. Last revised 2026-09-01. How we research →
Track this name's volatility weekly. The week's biggest IV movers and the expected earnings moves, straight from the data.
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Questions
Frequently asked
about KMX options.
What is KMX's typical implied volatility?
KMX implied volatility typically ranges from 22% - 48%.
Does KMX have weekly options?
KMX offers weekly options.
What is KMX's options trading profile?
KMX (CarMax Inc.) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 22% - 48% range. The position sits in the Consumer Discretionary category for portfolio diversification and options strategy design.
How does KMX implied volatility behave around earnings?
IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.
What options strategies work well on KMX?
Popular strategies on KMX options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 22% - 48% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.
What is KMX's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence KMX's intraday price action. KMX tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live KMX GEX levels and the gamma-flip point on ApexVol.
What is KMX's IV rank?
KMX's IV rank shows where KMX's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. KMX implied volatility typically ranges from 22% - 48%. Check KMX's live IV rank and percentile on ApexVol's IV analytics.
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