What are the CAR aggregate Greek exposures?

As of May 29, 2026, Avis Budget Group, Inc. (CAR) snapshot Greeks are net delta $19.9M, net gamma $2.3M, net vega -$3.1M. These aggregate the dealer book across all listed strikes and expirations under the standard customer-versus-dealer sign convention.

What does the CAR net dealer delta tell us?

Net dealer delta of $19.9M represents the directional exposure dealers carry from their option inventory. Dealers continuously hedge this exposure with stock, futures, or correlated instruments, so the size of net delta is also the size of hedge flow that will execute as spot moves.

How do CAR Greeks inform hedging?

Delta tracks first-order directional exposure; gamma tracks how quickly delta changes; vega tracks IV sensitivity. Aggregated dealer Greeks let traders read the dealer-positioning regime: long-gamma regimes mean-revert moves; short-gamma regimes amplify them. Vega exposure indicates how dealer P&L responds to vol shocks and hence the direction of vol-shock hedging flows.

Avis Budget Group, Inc. (CAR) Options Greeks

Options Greeks measure sensitivity to various factors: Delta (price), Gamma (delta change), Theta (time decay), and Vega (volatility). They are essential for risk management and position sizing.

Avis Budget Group, Inc. (CAR) operates in the Industrials sector, specifically the Rental & Leasing Services industry, with a market capitalization near $6.21B, listed on NASDAQ, employing roughly 17,000 people, carrying a beta of 1.90 to the broader market. Avis Budget Group, Inc. Led by Brian J. Choi, public since 1983-09-14.

Snapshot as of May 29, 2026.

Spot Price: $180.12
Net Gamma: $2.3M
Net Delta: $19.9M
Net Vega: -$3.1M
ATM IV: 68.8%
Gamma Concentration: 0.07

As of May 29, 2026, Avis Budget Group, Inc. (CAR) aggregate Greeks are net delta $19.9M, net gamma $2.3M, net vega -$3.1M, ATM IV 68.8%. Gamma concentration is 0.07: gamma is more dispersed, reducing any single-strike pinning force. Delta measures directional exposure, gamma measures the rate of delta change, and vega measures sensitivity to implied volatility. Net aggregate Greeks summarize the total dealer book across all strikes and expirations.

How CAR options greeks Data Feeds Strategy Selection

Strategy selection on Avis Budget Group, Inc. options does not derive from any single metric in isolation. The options greeks view above sits inside a broader read: ATM IV currently sits at 68.8% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the options greeks 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 CAR Greeks profile

The chart above shows per-strike dealer-Greek exposures aggregated across calls and puts for the front expiration. Current net dealer gamma is $2.3M - a positive (mean-reverting) hedging regime. Net dealer delta of $19.9M indicates long-delta dealer book - dealers are net long the underlying as a hedge. Net vega of -$3.1M measures dealer P&L sensitivity to IV shifts - a 1-point IV move shifts book value by approximately $3.1M.

CAR Greeks regime and dealer hedging

Aggregate dealer Greeks compress 4 sensitivities (delta, gamma, theta, vega) into a single read on hedging behavior. In the current positive-gamma regime, dealer hedging is structurally mean-reverting: as CAR moves higher, dealers sell into rallies; as it moves lower, dealers buy into dips. This is the mechanical basis for the "pin to max pain" pattern. Gamma decays as expiration approaches; near-dated Greek exposures dominate the hedging flow.

Using CAR Greeks data for strategy selection

The Greeks profile is the input to most quantitative options strategies. Premium-selling structures (covered calls, iron condors, cash-secured puts) are negative-gamma, positive-theta, negative-vega - they pay you for being patient about realized volatility but get hit when realized exceeds implied. Premium-buying structures (long calls, long puts, long straddles, ratio backspreads) are positive-gamma, negative-theta, positive-vega - they pay you when realized exceeds implied but bleed time decay otherwise. With CAR IV rank at 13.1%, premium-buying has structural tailwind from cheap implied; pair with a directional thesis or event catalyst. Combine the regime read with the Greeks decomposition on this page to size structures correctly.

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

CAR largest gamma exposure contracts

Type	Strike	Expiration	Volume	OI	IV	Bid	Ask
CALL	$160.00	Jun 18, 2026	0	4.8K	75.1%	$19.50	$26.00
PUT	$160.00	Jun 18, 2026	3	4.6K	75.1%	$3.80	$4.90

Top 2 contracts from the institutional-grade nightly options scan; ranked by gex within the broader S&P 500/400/600 + ETF universe.

Frequently asked CAR options greeks questions

What are the CAR aggregate Greek exposures?: As of May 29, 2026, Avis Budget Group, Inc. (CAR) snapshot Greeks are net delta $19.9M, net gamma $2.3M, net vega -$3.1M. These aggregate the dealer book across all listed strikes and expirations under the standard customer-versus-dealer sign convention.
What does the CAR net dealer delta tell us?: Net dealer delta of $19.9M represents the directional exposure dealers carry from their option inventory. Dealers continuously hedge this exposure with stock, futures, or correlated instruments, so the size of net delta is also the size of hedge flow that will execute as spot moves.
How do CAR Greeks inform hedging?: Delta tracks first-order directional exposure; gamma tracks how quickly delta changes; vega tracks IV sensitivity. Aggregated dealer Greeks let traders read the dealer-positioning regime: long-gamma regimes mean-revert moves; short-gamma regimes amplify them. Vega exposure indicates how dealer P&L responds to vol shocks and hence the direction of vol-shock hedging flows.