CAR Options History — April 2018

In April 2018, CAR traded between $46.28 and $50.08. ATM implied volatility averaged 47.7%, placing in the 28.1% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 10.7% (HV 20d: 37.0%). Max pain ranged from $34.00 to $44.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.12.

Notable Days

  • 2018-04-27: Highest Volume — 42,084 contracts
  • 2018-04-11: Largest IV spike — 26.9% change
  • 2018-04-30: Highest IV Rank — 42.9%
  • 2018-04-30: Largest Expected Move — 15.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.50$46.28$50.08$46.28$49.47
Max Pain$36.90$34.00$44.00$44.00$42.00
ATM IV47.7%37.1%55.1%43.5%55.1%
Expected Move14.2%11.2%15.8%12.5%15.8%
HV 20d37.0%30.4%42.2%30.4%36.9%
HV 60d50.1%46.3%56.4%55.6%46.3%
IV Rank28.1%7.0%42.9%19.8%42.9%
IV Percentile43.4%11.9%67.9%35.7%67.9%
Term Structure-4.8%-11.9%9.8%6.6%-11.9%
VWIV49.7%37.9%54.1%42.9%51.5%
Skew 25d5.1%4.2%6.2%4.5%6.2%
Skew 10d11.0%8.8%13.1%10.1%13.1%
Call IV 25d47.3%36.4%52.4%41.9%52.4%
Put IV 25d52.4%42.3%58.6%46.4%58.6%
Bid-Ask Spread %16.0412.5424.8217.6613.77
Gamma HHI0.180.160.210.180.17
Net GEX1.8M602.8K2.5M1.9M713.8K
Net DEX-322.9M-380.8M-255.6M-256.3M-270.2M
Net VEX-1.0M-1.2M-818.0K-1.1M-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.091.951.010.10
Total Volume12,881.9054,19142,0844,99441,551
Total OI207,823.19194,059246,537194,059197,088

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-04-02$46.28$44.0043.5%12.5%30.4%19.8%42.9%4.5%6.6%1.9M-256.3M-1.1M1.0117.662,4862,508100,94693,113
2018-04-03$48.20$44.0040.3%11.6%33.5%13.5%39.5%5.9%8.3%2.0M-313.6M-1.0M1.0722.522,3892,562101,30693,160
2018-04-04$49.08$44.0039.0%11.2%33.3%10.8%37.9%5.9%9.8%2.0M-339.7M-976.7K1.2024.822,0482,448101,67393,248
2018-04-05$49.67$34.0037.1%13.7%33.0%7.0%51.6%5.1%-2.7%2.1M-354.5M-962.4K0.9915.912,5432,505101,64493,272
2018-04-06$48.39$34.0041.0%14.3%34.6%14.7%50.7%5.1%-4.0%2.2M-321.2M-988.7K1.3516.762,5813,475101,95493,393
2018-04-09$48.45$34.0041.6%14.4%32.5%15.9%50.8%5.3%-4.2%2.1M-330.6M-924.7K1.0214.442,4152,469102,36693,746
2018-04-10$50.08$34.0040.0%14.6%34.2%12.9%54.1%5.6%-5.7%2.2M-371.7M-906.9K1.4018.452,3983,348102,59894,053
2018-04-11$48.31$34.0050.8%14.6%36.7%34.3%53.0%5.3%-5.1%2.3M-330.5M-931.3K1.3713.332,2913,144102,85795,435
2018-04-12$49.75$34.0049.2%14.1%38.2%31.2%50.6%4.7%-5.7%2.3M-369.4M-880.8K1.3316.362,5883,447102,95895,446
2018-04-13$48.77$34.0048.4%13.9%38.9%29.5%51.0%4.9%-4.6%2.5M-347.9M-899.2K1.1517.552,1272,455103,27195,669
2018-04-16$49.79$34.0048.4%13.9%39.5%29.4%50.1%5.3%-5.9%2.3M-380.8M-818.0K1.2512.9516,37920,432103,42995,770
2018-04-17$47.76$35.0049.8%14.3%42.2%32.3%50.3%5.1%-7.0%2.4M-323.8M-1.1M1.0818.329,71510,502117,176113,462
2018-04-18$48.29$36.0049.0%14.0%41.8%30.6%50.1%4.4%-6.9%2.4M-354.2M-1.2M0.3715.638,9833,305125,160121,191
2018-04-19$48.69$36.0050.3%14.4%41.4%33.2%50.8%5.5%-8.2%2.4M-370.5M-1.1M1.5916.242,0163,209125,147121,368
2018-04-20$47.07$36.0051.0%14.6%42.2%34.6%51.5%4.9%-7.7%602.8K-310.7M-1.2M1.3613.992,5653,490125,076121,461
2018-04-23$47.48$36.0053.0%15.2%38.9%38.7%53.0%4.9%-8.0%1.4M-281.4M-1.1M1.9512.541,6243,163108,630100,613
2018-04-24$47.45$36.0054.6%15.7%37.2%41.8%53.4%4.7%-10.4%1.4M-282.4M-1.1M1.9114.301,4632,789108,957100,968
2018-04-25$48.02$36.0053.0%15.2%37.3%38.7%54.1%4.2%-8.3%1.3M-301.9M-1.1M1.8514.301,4722,719109,134101,101
2018-04-26$48.52$36.0053.8%15.4%37.3%40.2%46.6%4.6%-9.5%1.2M-314.9M-1.1M0.0913.5937,5483,284109,284101,301
2018-04-27$49.01$42.0052.3%15.0%37.2%37.2%49.8%4.9%-8.5%841.9K-255.6M-1.1M0.1013.3138,1033,98193,968101,895
2018-04-30$49.47$42.0055.1%15.8%36.9%42.9%51.5%6.2%-11.9%713.8K-270.2M-1.0M0.1013.7737,8233,72894,478102,610