First Trust S-Network Future Vehicles & Technology ETF (CARZ) Options Chain

The options chain displays all available contracts with end-of-day quotes, Greeks, volume, and open interest for each strike and expiration, and streams live quotes for traders who connect a broker. It is the primary tool for options trade selection.

First Trust S-Network Future Vehicles & Technology ETF (CARZ) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $55.9M, listed on NASDAQ, carrying a beta of 1.78 to the broader market. The First Trust S-Network Future Vehicles & Technology ETF (CARZ), previously known as the First Trust NASDAQ Global Auto Index Fund, endeavors to generally mirror the price and income performance of the S-Network Electric & Future Vehicle Ecosystem Index, prior to accounting for its own operational costs. public since 2011-05-10.

Snapshot as of Aug 14, 2026.

Spot Price

$108.78

Total OI

180

Total Volume

0

Front Expiration

35 days

Second Expiration

126 days

ATM IV

25.5%

Avg Bid/Ask Spread

46.14%

As of Aug 14, 2026, First Trust S-Network Future Vehicles & Technology ETF (CARZ) has 180 open contracts and 0 contracts traded. The nearest expiration is 35 days out, followed by 126 days. ATM implied volatility is 25.5%. Average bid/ask spread across the chain is 46.14%: wider spreads, size positions conservatively. The options chain aggregates every listed strike and expiration, letting traders evaluate skew, term structure, and liquidity in a single view.

How CARZ options chain Data Feeds Strategy Selection

Strategy selection on First Trust S-Network Future Vehicles & Technology ETF options does not derive from any single metric in isolation. The options chain view above sits inside a broader read: ATM IV currently sits at 25.5% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the options chain data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.

How to read the CARZ chain depth

The listed-expirations table above shows every expiration available for First Trust S-Network Future Vehicles & Technology ETF options with its days-to-expiration count and ATM implied volatility. Front-month expirations carry the most volume, the highest gamma, and the tightest bid-ask spreads; longer-dated tenors carry less liquidity but more vega exposure. CARZ front expiration sits at 35 days - the typical hedging horizon for monthly options. The contango term-structure slope of 0.050 means longer-dated tenors price in proportionally more IV.

CARZ chain mechanics and execution

Options are listed at standardized strike intervals (typically $1 for sub-$25 underlyings, $2.50-$5 for mid-cap, $10-$50 for large-cap), and the deltas of each listed strike are determined by where IV lies relative to the strike's moneyness. Average bid/ask spread on the CARZ chain is 46.14% - a measure of liquidity. Tighter spreads on liquid strikes mean lower transaction costs; wider spreads on long-dated or far-OTM strikes mean execution drag can dominate the math. The chain table on the SPA side shows the full per-strike, per-expiration grid; this SSR page summarizes the listed expirations and the front-month context to anchor the structural read.

Using the CARZ chain to build structures

Strategy selection starts with the chain: directional theses use single-leg calls or puts, range-bound theses use credit spreads or iron condors, vol theses use straddles or strangles, calendar theses use diagonal spreads. CARZ's current 7.31% expected move anchors wing placement - structures with wings at the implied band collect the modal-outcome premium under lognormal assumptions. Cross-reference with the gamma-exposure profile to understand where dealer hedging will reinforce or fight your position, and with the volatility-skew chart to confirm the strikes you're trading sit at the IV levels your strategy assumes.

Learn how the options chain is reported and how to read the data →

CARZ listed expirations

Per-expiration ATM implied volatility for CARZ options. Each row is one listed expiration with its days-to-expiration count and ATM IV pulled from the same term-structure feed that powers the SPA's expiration filter. Front-month expirations carry the highest gamma, the tightest bid-ask spreads, and the most volume; longer-dated tenors carry less liquidity but more vega.

Frequently asked CARZ options chain questions

What does the CARZ options chain show right now?

As of Aug 14, 2026, First Trust S-Network Future Vehicles & Technology ETF (CARZ) has 180 contracts outstanding and 0 traded today, with ATM IV of 25.5%. The full chain spans every listed strike and expiration with bid/ask, Greeks, volume, and open interest per contract.

What expirations are available for CARZ options?

The nearest expiration is 35 days out, followed by 126 days. Listed expirations typically extend monthly with weeklies between, plus LEAPS one to two years out for liquid names.

How tight are CARZ options bid/ask spreads?

Average bid/ask spread across the chain is 46.14%. Wider spreads warrant conservative sizing; mid-market fills are unreliable for retail-size orders.