CAR Options History — July 2015

In July 2015, CAR traded between $40.49 and $44.31. ATM implied volatility averaged 42.3%, placing in the 52.7% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 8.4% (HV 20d: 33.9%). Max pain ranged from $45.00 to $47.50. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.87.

Notable Days

  • 2015-07-14: Highest Volume — 12,761 contracts
  • 2015-07-13: Largest IV spike — 13.7% change
  • 2015-07-31: Highest IV Rank — 79.0%
  • 2015-07-31: Largest Expected Move — 14.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.52$40.49$44.31$43.97$43.37
Max Pain$45.68$45.00$47.50$45.00$45.00
ATM IV42.3%34.6%51.0%34.6%51.0%
Expected Move12.5%9.9%14.6%9.9%14.6%
HV 20d33.9%30.0%38.4%30.0%35.8%
HV 60d35.8%33.6%37.6%33.6%37.2%
IV Rank52.7%30.5%79.0%30.5%79.0%
IV Percentile84.0%61.9%95.6%61.9%95.6%
Term Structure-4.0%-8.9%4.5%4.4%-8.9%
VWIV44.2%36.6%54.3%36.6%50.9%
Skew 25d3.2%1.7%4.6%1.9%1.7%
Skew 10d5.9%3.4%10.8%3.4%5.7%
Call IV 25d43.3%36.1%50.7%36.1%50.7%
Put IV 25d46.4%38.0%52.5%38.0%52.4%
Bid-Ask Spread %19.1515.2024.7124.7116.77
Gamma HHI0.130.110.190.120.17
Net GEX1.0M-77.4K1.8M1.1M1.6M
Net DEX36.8M4.5M64.1M33.0M4.5M
Net VEX-577.0K-718.2K-506.2K-546.2K-718.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.282.060.570.52
Total Volume8,578.0914,36812,76112,09612,042
Total OI130,642.091114,648148,564114,648148,564

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-07-01$43.97$45.0034.6%9.9%30.0%30.5%36.6%1.9%4.4%1.1M33.0M-546.2K0.5724.717,7144,38277,66636,982
2015-07-02$44.31$45.0035.1%10.1%30.1%32.1%39.2%2.1%4.5%1.5M21.8M-583.6K0.3216.026,3402,04282,14136,437
2015-07-06$43.60$47.5038.8%12.1%30.0%43.0%41.8%3.1%-3.8%1.4M29.1M-551.6K0.4118.704,9102,01982,49136,430
2015-07-07$44.26$47.5037.4%12.0%30.5%37.4%42.2%2.5%-3.6%1.8M17.3M-582.4K0.3923.455,1662,02383,56636,335
2015-07-08$42.33$47.5040.8%12.4%33.4%47.8%43.2%2.1%-4.1%1.2M34.4M-525.4K0.2820.817,7042,12884,42536,378
2015-07-09$41.80$47.5038.2%12.4%31.9%40.0%44.6%3.1%-4.4%1.3M36.1M-517.8K0.6620.033,1002,03487,16436,459
2015-07-10$42.45$47.5036.2%12.2%33.1%33.8%42.2%3.4%-3.7%1.5M30.7M-535.6K1.0318.802,6342,70187,70436,169
2015-07-13$42.23$47.5041.1%12.1%33.0%48.9%41.4%4.1%-3.6%1.4M34.7M-514.5K0.5619.035,9243,31787,86936,646
2015-07-14$42.45$45.0037.3%11.9%33.3%37.1%41.3%3.9%-3.3%1.5M32.7M-533.5K1.4917.985,1267,63590,52638,086
2015-07-15$42.95$45.0041.7%12.0%34.1%50.6%45.3%3.0%-3.6%1.4M35.1M-582.1K1.3823.221,8322,53691,80542,846
2015-07-16$43.41$45.0041.3%11.8%34.7%49.4%41.8%3.0%-3.7%1.4M32.4M-584.2K1.7720.021,7883,15991,83943,158
2015-07-17$44.29$45.0040.7%11.7%34.2%47.5%41.7%3.1%-3.6%1.4M21.6M-623.7K0.7223.272,9192,09991,85344,011
2015-07-20$42.14$45.0042.4%12.2%36.0%52.7%42.7%3.5%-4.3%709.4K42.5M-531.2K1.9616.792,7575,41580,35541,503
2015-07-21$41.10$45.0043.8%12.6%36.5%57.0%42.6%4.6%-4.7%304.0K61.2M-506.2K2.0618.763,9328,10281,50744,575
2015-07-22$42.25$45.0042.5%12.2%37.9%53.0%43.6%3.5%-3.8%-77.4K61.5M-584.2K0.6815.203,7932,59683,68050,280
2015-07-23$41.03$45.0044.8%12.8%38.4%60.1%44.3%3.3%-4.8%91.5K62.4M-562.5K0.3616.027,9052,86685,82148,483
2015-07-24$40.63$45.0047.8%13.7%34.4%69.2%47.1%3.5%-6.4%194.8K64.1M-555.5K0.5516.415,9183,23387,15248,971
2015-07-27$40.49$45.0049.2%14.1%33.9%73.3%46.9%3.2%-6.5%301.2K59.8M-575.7K0.8019.186,2014,94789,45249,551
2015-07-28$41.33$45.0048.4%13.9%34.4%71.1%48.2%2.9%-6.4%497.1K46.1M-631.8K0.5518.057,6714,22191,67350,368
2015-07-29$42.07$45.0048.3%13.8%34.7%70.6%54.3%4.0%-6.5%1.1M32.6M-661.9K1.1920.493,0533,62895,76250,554
2015-07-30$42.97$45.0049.6%14.2%35.7%74.8%51.5%4.2%-7.0%1.4M16.6M-686.3K0.8417.595,0014,20596,36550,524
2015-07-31$43.37$45.0051.0%14.6%35.8%79.0%50.9%1.7%-8.9%1.6M4.5M-718.2K0.5216.777,9054,13797,37551,189