CAR Options History — April 2017

In April 2017, CAR traded between $27.17 and $32.39. ATM implied volatility averaged 52.4%, placing in the 43.8% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded above realized volatility by 10.5% (HV 20d: 42.0%). Max pain ranged from $31.00 to $35.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 1.65.

Notable Days

  • 2017-04-28: Highest Volume — 15,981 contracts
  • 2017-04-12: Largest IV spike — 23.5% change
  • 2017-04-28: Highest IV Rank — 68.9%
  • 2017-04-28: Largest Expected Move — 18.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.04$27.17$32.39$27.96$30.49
Max Pain$34.16$31.00$35.00$31.00$34.00
ATM IV52.4%40.8%62.7%43.3%62.7%
Expected Move15.7%11.9%18.0%12.4%18.0%
HV 20d42.0%33.9%48.5%45.1%43.9%
HV 60d49.9%48.5%50.9%50.7%50.9%
IV Rank43.8%15.2%68.9%21.3%68.9%
IV Percentile68.2%18.7%94.4%36.1%94.4%
Term Structure-3.6%-9.5%10.5%8.1%-7.9%
VWIV54.9%41.4%62.7%41.4%62.7%
Skew 25d6.4%2.9%8.3%4.5%7.4%
Skew 10d12.9%0.6%20.1%5.3%7.2%
Call IV 25d51.7%40.7%59.6%41.0%59.6%
Put IV 25d58.2%44.3%67.0%45.5%67.0%
Bid-Ask Spread %27.2221.4145.4426.3428.51
Gamma HHI0.140.120.210.130.12
Net GEX-1.5M-2.0M-228.1K-2.0M-1.9M
Net DEX77.5M52.7M92.0M85.5M72.6M
Net VEX-672.9K-697.7K-632.9K-637.7K-692.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.650.643.702.232.48
Total Volume6,023.5793,39415,9815,97715,981
Total OI112,164.632101,398120,282101,463114,034

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-04-03$27.96$31.0043.3%12.4%45.1%21.3%41.4%4.5%8.1%-2.0M85.5M-637.7K2.2326.341,8534,12419,87481,589
2017-04-04$27.90$31.0041.5%11.9%45.2%16.8%41.5%3.8%10.5%-1.9M88.1M-632.9K3.3621.411,7115,74220,10281,296
2017-04-05$27.17$31.0041.8%12.0%45.5%17.6%41.4%2.9%10.1%-2.0M92.0M-636.1K0.6732.843,4972,34820,43883,690
2017-04-06$27.62$35.0042.2%15.3%46.2%18.7%59.4%6.7%-3.5%-1.8M91.2M-641.4K0.6624.144,4262,91922,13183,823
2017-04-07$27.40$35.0040.8%15.7%45.4%15.2%50.8%8.1%-2.5%-1.5M88.3M-653.2K3.7023.991,6256,00525,38584,342
2017-04-10$28.47$35.0044.8%15.8%48.4%25.1%57.4%6.1%-3.2%-1.5M81.8M-684.7K2.4126.251,6914,07425,45887,911
2017-04-11$28.51$35.0045.6%15.9%48.5%27.1%57.6%6.8%-5.0%-1.5M82.2M-697.7K1.8429.122,5094,62225,76989,970
2017-04-12$27.84$35.0056.4%16.2%45.0%53.5%57.9%6.4%-3.9%-1.5M88.3M-677.0K1.2722.861,8142,30926,66590,485
2017-04-13$27.88$35.0055.7%16.0%44.8%51.9%56.0%7.4%-4.6%-1.4M88.6M-674.6K1.2425.871,7662,18726,98890,540
2017-04-17$28.15$35.0058.5%16.8%43.8%58.8%60.3%8.3%-8.5%-1.3M86.7M-672.5K1.4334.641,5062,15227,06990,696
2017-04-18$28.69$35.0058.1%16.6%44.2%57.6%60.3%6.7%-6.2%-944.1K81.4M-689.3K1.2627.391,5892,00327,52291,793
2017-04-19$29.34$35.0057.1%16.4%35.3%55.3%57.1%7.9%-4.7%-504.7K70.3M-682.9K1.2723.881,6512,10527,59092,000
2017-04-20$29.49$35.0057.5%16.5%35.2%56.3%56.7%6.0%-6.7%-228.1K68.5M-683.1K1.9123.711,4672,80827,46991,977
2017-04-21$29.36$35.0059.9%17.2%33.9%62.2%59.2%8.2%-7.5%-1.8M64.7M-676.8K0.6423.623,9442,52827,54392,739
2017-04-24$30.52$35.0056.2%16.1%36.4%53.0%56.2%6.6%-6.7%-1.8M66.8M-677.7K0.9345.442,3472,17419,59987,315
2017-04-25$30.84$34.0056.5%16.2%36.2%53.7%54.6%5.3%-6.6%-1.7M64.1M-684.6K0.9925.021,7021,69220,66988,171
2017-04-26$31.74$34.0058.3%16.7%37.1%58.1%55.9%6.7%-9.5%-1.6M58.4M-696.6K0.9223.821,9921,84120,74788,280
2017-04-27$32.39$34.0059.3%17.0%37.4%60.7%57.3%6.7%-9.3%-1.5M52.7M-693.0K2.1228.373,1286,61620,95488,505
2017-04-28$30.49$34.0062.7%18.0%43.9%68.9%62.7%7.4%-7.9%-1.9M72.6M-692.3K2.4828.514,59511,38621,24492,790