CAR Options History — August 2018

In August 2018, CAR traded between $31.10 and $38.47. ATM implied volatility averaged 47.8%, placing in the 27.3% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded below realized volatility by 14.0% (HV 20d: 61.9%). Max pain ranged from $33.00 to $44.00. Net GEX was positive for 1 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 2.15.

Notable Days

  • 2018-08-07: Highest Volume — 31,714 contracts
  • 2018-08-08: Largest IV drop — 45.4% change
  • 2018-08-07: Highest IV Rank — 100.0%
  • 2018-08-01: Largest Expected Move — 18.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.27$31.10$38.47$34.00$31.10
Max Pain$36.09$33.00$44.00$44.00$35.00
ATM IV47.8%37.2%87.3%66.0%39.0%
Expected Move12.7%10.7%18.9%18.9%11.2%
HV 20d61.9%31.8%72.7%32.7%72.1%
HV 60d52.7%42.7%56.2%43.1%56.2%
IV Rank27.3%6.7%100.0%64.6%10.2%
IV Percentile50.1%20.2%100.0%96.8%30.6%
Term Structure-0.5%-16.9%6.2%-15.8%1.7%
VWIV43.4%34.5%70.0%70.0%38.7%
Skew 25d4.6%3.4%7.3%7.2%3.5%
Skew 10d9.0%5.1%15.5%15.5%6.9%
Call IV 25d42.6%35.4%62.3%62.3%38.0%
Put IV 25d47.2%39.9%69.6%69.6%41.6%
Bid-Ask Spread %17.369.6031.9316.5512.05
Gamma HHI0.080.070.120.070.09
Net GEX-906.7K-1.5M680.3K-1.5M-1.4M
Net DEX67.0M26.1M108.1M92.6M61.5M
Net VEX-615.5K-726.9K-555.4K-644.4K-555.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.150.563.392.582.32
Total Volume11,994.0435,90931,71410,3508,977
Total OI133,472.435108,701159,261133,260116,751

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-08-01$34.00$44.0066.0%18.9%32.7%64.6%70.0%7.2%-15.8%-1.5M92.6M-644.4K2.5816.552,8927,45846,75086,510
2018-08-02$34.35$44.0065.3%18.7%31.8%63.1%55.8%6.3%-16.9%-1.5M89.9M-634.2K1.8212.964,0207,33646,80586,563
2018-08-03$35.53$44.0062.2%17.8%33.8%56.9%58.3%7.3%-15.1%-1.4M79.5M-650.5K2.1420.103,3377,12547,58586,588
2018-08-06$35.76$33.0081.3%15.9%32.0%95.0%54.1%4.6%-5.7%-1.3M73.7M-657.8K0.6731.9311,6037,82947,65886,695
2018-08-07$38.47$33.0087.3%16.6%35.6%100.0%57.0%6.0%-4.0%-435.3K28.0M-726.9K0.5628.2820,37211,34255,63687,133
2018-08-08$32.92$36.0047.7%12.3%66.7%26.3%42.7%3.4%5.4%-1.1M108.1M-619.5K1.2018.9512,23514,70869,13489,327
2018-08-09$34.42$35.0043.0%12.1%68.3%17.6%41.9%4.2%4.5%-1.2M94.6M-654.8K1.9719.275,21110,24167,49391,370
2018-08-10$33.73$36.0043.7%12.0%68.9%18.9%41.9%4.1%3.8%-1.2M103.4M-633.8K2.6718.313,89810,41567,65291,609
2018-08-13$34.19$35.0051.4%12.2%68.9%33.3%42.6%4.9%3.7%-1.1M99.6M-627.8K2.9819.593,2559,69567,78391,441
2018-08-14$34.90$35.0047.2%11.7%69.2%25.4%40.9%4.6%3.9%-1.1M87.3M-637.3K3.1719.402,9849,46667,83190,317
2018-08-15$34.21$35.0042.9%12.3%69.7%17.3%42.1%5.2%3.5%-921.1K96.2M-617.5K3.3924.122,97310,09167,91390,370
2018-08-16$34.46$35.0040.2%11.5%69.6%12.3%40.9%4.6%5.4%-724.7K95.9M-618.6K2.8116.843,0518,58567,90991,207
2018-08-17$35.01$35.0038.4%11.0%69.8%9.1%39.2%3.4%6.2%680.3K86.9M-609.5K2.8818.672,9928,61368,38290,063
2018-08-20$34.87$35.0039.3%11.3%69.8%10.7%38.6%3.5%-0.1%-356.1K27.7M-606.6K1.8913.652,2844,31743,18265,519
2018-08-21$35.19$35.0038.1%10.9%69.9%8.5%37.4%4.1%0.8%-311.7K26.1M-600.8K2.0016.932,2694,54543,68665,744
2018-08-22$34.46$35.0038.5%11.0%70.1%9.2%37.6%4.1%0.7%-532.0K33.1M-597.8K1.6514.312,2303,67943,98765,973
2018-08-23$33.71$35.0037.6%10.8%70.6%7.6%35.6%4.4%1.0%-792.3K40.7M-584.0K1.789.602,5214,50044,17466,591
2018-08-24$33.33$35.0037.7%10.8%70.6%7.6%36.1%4.7%1.2%-936.1K44.8M-579.0K1.7214.922,5924,46144,39567,715
2018-08-27$33.22$35.0038.2%10.9%70.2%8.6%36.5%3.4%0.9%-966.8K45.0M-573.2K2.9613.001,9445,75544,83967,875
2018-08-28$34.14$35.0038.3%11.0%70.2%8.7%36.6%4.6%0.9%-807.9K37.6M-587.1K2.5714.502,3616,07744,94168,736
2018-08-29$34.18$35.0037.2%10.7%69.6%6.7%34.5%4.3%0.7%-802.6K36.9M-582.4K2.5310.632,2325,64845,29068,747
2018-08-30$32.16$35.0039.2%11.2%72.7%10.5%38.7%3.5%0.9%-1.2M52.6M-558.7K1.2014.833,5224,22245,41068,587
2018-08-31$31.10$35.0039.0%11.2%72.1%10.2%38.7%3.5%1.7%-1.4M61.5M-555.4K2.3212.052,7016,27647,01069,741