CAR Options History — April 2015

In April 2015, CAR traded between $54.23 and $58.69. ATM implied volatility averaged 33.9%, placing in the 28.5% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 12.1% (HV 20d: 21.8%). Max pain ranged from $57.50 to $60.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.23.

Notable Days

2015-04-09: Highest Volume — 24,931 contracts
2015-04-08: Largest IV spike — 15.9% change
2015-04-29: Highest IV Rank — 37.7%
2015-04-29: Largest Expected Move — 10.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$55.71	$54.23	$58.69	$58.69	$54.23
Max Pain	$57.62	$57.50	$60.00	$60.00	$57.50
ATM IV	33.9%	26.6%	37.0%	27.4%	36.4%
Expected Move	9.9%	7.9%	10.6%	7.9%	10.4%
HV 20d	21.8%	17.7%	26.1%	24.3%	17.8%
HV 60d	24.8%	22.6%	26.7%	26.4%	22.6%
IV Rank	28.5%	6.6%	37.7%	9.1%	35.9%
IV Percentile	55.2%	2.4%	73.4%	8.3%	71.0%
Term Structure	-2.2%	-5.9%	4.2%	4.2%	-5.5%
VWIV	34.8%	26.4%	38.0%	26.4%	37.6%
Skew 25d	3.7%	2.5%	4.4%	2.5%	2.5%
Skew 10d	7.3%	5.5%	8.8%	7.6%	5.5%
Call IV 25d	33.1%	25.9%	36.4%	25.9%	36.4%
Put IV 25d	36.8%	28.4%	39.3%	28.4%	38.9%
Bid-Ask Spread %	19.97	15.55	28.13	28.13	18.40
Gamma HHI	0.18	0.14	0.31	0.31	0.14
Net GEX	3.9M	1.3M	7.5M	7.5M	1.3M
Net DEX	-13.5M	-73.2M	18.2M	-73.2M	12.1M
Net VEX	-1.1M	-1.6M	-1.0M	-1.3M	-1.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.23	0.49	2.23	1.64	0.90
Total Volume	10,925.143	1,973	24,931	13,569	4,991
Total OI	148,013.238	138,623	174,165	138,623	149,768

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2015-04-01	$58.69	$60.00	27.4%	7.9%	24.3%	9.1%	26.4%	2.5%	4.2%	7.5M	-73.2M	-1.3M	1.64	28.13	5,134	8,435	87,579	51,044
2015-04-02	$57.46	$57.50	26.6%	9.1%	25.3%	6.6%	31.2%	3.8%	0.5%	5.8M	-40.1M	-1.2M	1.48	19.52	5,399	7,970	87,763	51,082
2015-04-06	$56.67	$57.50	27.2%	9.0%	25.6%	8.6%	32.4%	3.4%	1.4%	4.8M	-21.4M	-1.1M	1.50	18.56	5,447	8,151	88,035	51,142
2015-04-07	$55.64	$57.50	28.8%	9.4%	26.1%	13.2%	31.5%	4.0%	0.4%	3.5M	1.4M	-1.1M	0.94	18.40	9,175	8,608	87,872	51,163
2015-04-08	$55.70	$57.50	33.4%	9.6%	25.1%	26.9%	34.2%	4.1%	-0.0%	3.6M	2.0M	-1.1M	0.81	21.75	1,092	881	88,440	51,554
2015-04-09	$54.88	$57.50	35.0%	10.0%	24.0%	31.8%	35.0%	3.5%	-0.9%	2.9M	12.7M	-1.0M	0.91	20.39	13,055	11,876	88,616	51,948
2015-04-10	$55.00	$57.50	35.2%	10.1%	24.1%	32.2%	37.4%	3.8%	-0.9%	3.1M	9.2M	-1.1M	1.94	19.07	5,105	9,893	91,553	54,935
2015-04-13	$54.84	$57.50	35.6%	10.2%	22.1%	33.6%	36.4%	4.2%	-2.1%	2.8M	13.0M	-1.1M	2.23	17.97	3,902	8,694	92,001	55,956
2015-04-14	$54.51	$57.50	35.6%	10.2%	22.1%	33.6%	37.1%	4.0%	-1.7%	2.6M	18.2M	-1.0M	2.09	16.85	4,296	8,971	92,692	56,091
2015-04-15	$55.37	$57.50	35.7%	10.2%	23.1%	33.9%	36.8%	4.1%	-2.3%	3.5M	5.7M	-1.6M	1.90	18.35	4,291	8,145	101,151	73,014
2015-04-16	$55.85	$57.50	35.5%	10.2%	20.4%	33.1%	36.1%	3.9%	-1.5%	4.6M	-29.7M	-1.2M	1.81	16.65	4,404	7,955	103,166	56,169
2015-04-17	$55.78	$57.50	35.8%	10.3%	19.7%	34.0%	34.1%	3.3%	-2.4%	4.7M	-24.6M	-1.2M	1.54	15.55	5,109	7,859	101,127	56,185
2015-04-20	$55.90	$57.50	36.5%	10.5%	19.7%	36.1%	34.5%	4.0%	-4.9%	4.6M	-32.4M	-1.2M	0.80	22.41	4,141	3,312	94,697	52,590
2015-04-21	$55.94	$57.50	35.3%	10.1%	19.7%	32.7%	35.0%	4.1%	-4.2%	4.2M	-27.2M	-1.2M	0.77	23.56	3,711	2,853	95,129	52,842
2015-04-22	$55.80	$57.50	35.0%	10.0%	19.4%	31.7%	38.0%	3.4%	-3.7%	4.1M	-25.5M	-1.2M	0.90	22.35	3,894	3,522	95,217	52,826
2015-04-23	$56.94	$57.50	33.9%	9.7%	20.3%	28.5%	34.8%	3.6%	-3.4%	5.9M	-50.0M	-1.2M	0.71	19.41	4,457	3,184	95,209	53,420
2015-04-24	$55.72	$57.50	34.1%	9.8%	21.5%	29.0%	33.1%	3.6%	-3.4%	3.7M	-20.5M	-1.1M	0.61	15.72	4,966	3,029	94,980	53,459
2015-04-27	$55.13	$57.50	36.1%	10.3%	21.7%	34.9%	36.3%	3.3%	-4.7%	3.3M	-9.6M	-1.1M	0.49	20.23	8,126	3,972	95,593	53,492
2015-04-28	$55.00	$57.50	36.4%	10.4%	18.2%	36.0%	35.7%	4.4%	-5.3%	2.4M	-2.1M	-1.1M	0.81	23.54	3,468	2,818	94,814	54,520
2015-04-29	$54.84	$57.50	37.0%	10.6%	17.7%	37.7%	37.1%	3.0%	-5.9%	2.2M	-1.0M	-1.1M	1.16	22.50	2,375	2,762	94,933	54,511
2015-04-30	$54.23	$57.50	36.4%	10.4%	17.8%	35.9%	37.6%	2.5%	-5.5%	1.3M	12.1M	-1.0M	0.90	18.40	2,627	2,364	95,231	54,537