CAR Options History — August 2017

In August 2017, CAR traded between $30.11 and $36.19. ATM implied volatility averaged 56.2%, placing in the 46.0% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded below realized volatility by 2.5% (HV 20d: 58.7%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 2.74.

Notable Days

2017-08-21: Highest Volume — 24,043 contracts
2017-08-08: Largest IV drop — 37.8% change
2017-08-03: Highest IV Rank — 100.0%
2017-08-02: Largest Expected Move — 21.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.06	$30.11	$36.19	$31.86	$36.19
Max Pain	$33.65	$30.00	$35.00	$30.00	$35.00
ATM IV	56.2%	47.0%	83.9%	72.7%	47.0%
Expected Move	15.4%	13.5%	21.1%	20.8%	13.5%
HV 20d	58.7%	46.9%	65.0%	48.3%	62.2%
HV 60d	62.1%	60.3%	64.1%	62.9%	62.0%
IV Rank	46.0%	25.1%	100.0%	91.6%	25.1%
IV Percentile	64.1%	43.7%	100.0%	98.8%	43.7%
Term Structure	0.7%	-12.3%	4.7%	-12.1%	3.7%
VWIV	55.6%	47.9%	75.2%	74.7%	47.9%
Skew 25d	7.2%	5.0%	9.5%	9.1%	8.0%
Skew 10d	14.9%	10.8%	19.5%	16.0%	19.5%
Call IV 25d	50.9%	44.5%	70.7%	70.6%	44.5%
Put IV 25d	58.1%	51.6%	80.2%	79.7%	52.5%
Bid-Ask Spread %	17.01	14.00	23.26	16.75	23.26
Gamma HHI	0.11	0.09	0.13	0.11	0.09
Net GEX	-1.7M	-2.7M	-734.6K	-1.6M	-1.3M
Net DEX	19.0M	-29.0M	59.6M	25.3M	3.1M
Net VEX	-759.2K	-814.1K	-699.2K	-813.0K	-739.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.74	0.76	13.24	1.93	1.75
Total Volume	9,925.435	4,227	24,043	6,448	10,680
Total OI	175,371.609	139,932	200,263	169,554	169,303

Daily Data (23 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
2017-08-01	$31.86	$30.00	72.7%	20.8%	48.3%	91.6%	74.7%	9.1%	-12.1%	-1.6M	25.3M	-813.0K	1.93	16.75	2,198	4,250	35,939	133,615
2017-08-02	$31.02	$30.00	73.4%	21.1%	49.7%	93.3%	75.2%	9.5%	-12.3%	-1.8M	38.4M	-814.1K	1.91	16.15	2,058	3,924	36,000	135,848
2017-08-03	$30.99	$32.00	78.4%	17.6%	48.4%	100.0%	63.1%	8.3%	-2.3%	-1.8M	39.4M	-812.8K	1.30	20.04	1,839	2,388	36,052	135,911
2017-08-04	$32.15	$32.00	75.2%	16.9%	46.9%	92.8%	60.5%	7.8%	-1.8%	-1.6M	22.4M	-808.4K	1.06	18.98	4,316	4,596	36,117	136,062
2017-08-07	$33.19	$32.00	83.9%	17.9%	47.8%	100.0%	66.4%	8.7%	-4.0%	-1.5M	7.2M	-777.4K	3.50	20.06	3,712	12,981	36,599	137,382
2017-08-08	$30.11	$33.00	52.2%	14.8%	60.1%	35.6%	50.8%	6.4%	1.6%	-2.7M	59.6M	-796.9K	1.65	17.66	4,442	7,346	37,892	149,325
2017-08-09	$32.25	$33.00	50.2%	14.4%	62.7%	31.5%	54.0%	7.2%	3.6%	-1.8M	22.8M	-767.8K	1.40	15.80	3,792	5,311	38,365	149,960
2017-08-10	$32.40	$33.00	51.9%	14.9%	57.2%	35.0%	57.4%	7.6%	2.8%	-1.7M	18.7M	-777.7K	1.75	16.10	3,218	5,624	38,502	152,187
2017-08-11	$34.63	$33.00	49.0%	14.1%	61.8%	29.2%	49.7%	6.6%	3.8%	-1.2M	-16.9M	-744.2K	0.76	14.00	4,898	3,715	38,780	153,663
2017-08-14	$34.90	$33.00	48.1%	13.8%	61.5%	27.4%	55.4%	6.1%	4.7%	-943.0K	-26.3M	-719.3K	1.42	16.72	4,104	5,841	41,200	153,871
2017-08-15	$34.99	$33.00	50.4%	14.5%	61.5%	32.0%	51.8%	5.6%	2.2%	-902.3K	-29.0M	-719.1K	3.18	14.49	2,343	7,458	42,246	154,955
2017-08-16	$33.93	$35.00	49.9%	14.3%	61.1%	31.0%	51.9%	5.0%	4.3%	-734.6K	-8.9M	-740.4K	4.02	16.55	2,166	8,718	42,321	157,942
2017-08-17	$33.14	$35.00	50.7%	14.5%	61.7%	32.6%	51.7%	6.8%	3.7%	-751.9K	-6.5M	-699.2K	2.76	14.75	2,122	5,865	42,293	154,071
2017-08-18	$32.50	$35.00	50.2%	14.4%	62.0%	31.7%	49.9%	5.7%	4.4%	-1.9M	2.9M	-706.6K	1.76	14.26	3,470	6,093	42,237	154,072
2017-08-21	$32.32	$35.00	52.8%	15.1%	62.0%	36.8%	54.6%	6.8%	0.6%	-1.9M	39.3M	-713.1K	13.24	18.13	1,689	22,354	23,432	116,500
2017-08-22	$33.26	$35.00	51.9%	14.9%	62.5%	35.0%	55.6%	7.3%	1.2%	-2.0M	35.5M	-757.9K	5.43	16.90	1,632	8,863	23,779	128,350
2017-08-23	$33.62	$35.00	50.4%	14.4%	62.5%	32.0%	50.3%	7.2%	2.3%	-2.0M	33.3M	-750.1K	2.27	16.53	2,385	5,405	24,676	132,117
2017-08-24	$33.74	$35.00	49.6%	14.2%	62.5%	30.4%	51.4%	6.6%	3.1%	-1.9M	32.6M	-755.6K	1.94	18.17	2,797	5,430	25,112	133,202
2017-08-25	$32.11	$35.00	51.3%	14.7%	65.0%	33.9%	51.8%	8.6%	2.2%	-2.2M	49.0M	-768.1K	2.13	15.22	3,124	6,668	26,063	134,235
2017-08-28	$32.77	$35.00	51.8%	14.8%	61.5%	34.8%	54.1%	6.4%	1.6%	-2.2M	43.4M	-771.4K	2.17	18.39	2,557	5,555	27,360	136,130
2017-08-29	$33.47	$35.00	52.4%	15.0%	60.8%	36.1%	51.0%	7.6%	1.6%	-2.0M	34.3M	-753.9K	1.99	17.00	2,756	5,479	27,700	136,492
2017-08-30	$34.95	$35.00	49.6%	14.2%	61.4%	30.4%	49.7%	7.7%	2.2%	-1.6M	17.6M	-754.5K	3.77	15.21	2,540	9,583	28,063	137,626
2017-08-31	$36.19	$35.00	47.0%	13.5%	62.2%	25.1%	47.9%	8.0%	3.7%	-1.3M	3.1M	-739.0K	1.75	23.26	3,887	6,793	28,621	140,682