CAR Options History — January 2019

In January 2019, CAR traded between $21.88 and $26.90. ATM implied volatility averaged 51.0%, placing in the 26.2% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded above realized volatility by 2.3% (HV 20d: 48.7%). Max pain ranged from $27.00 to $32.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 9.17.

Notable Days

  • 2019-01-03: Highest Volume — 20,228 contracts
  • 2019-01-22: Largest IV spike — 18.9% change
  • 2019-01-03: Highest IV Rank — 46.1%
  • 2019-01-03: Largest Expected Move — 17.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.23$21.88$26.90$22.54$26.46
Max Pain$28.33$27.00$32.00$32.00$27.00
ATM IV51.0%41.5%64.0%61.0%46.2%
Expected Move14.7%11.9%17.9%17.5%16.0%
HV 20d48.7%39.3%53.2%42.6%48.7%
HV 60d56.3%53.2%58.6%57.9%53.2%
IV Rank26.2%11.6%46.1%41.5%18.9%
IV Percentile59.8%30.6%88.5%82.9%48.8%
Term Structure4.0%-3.1%9.3%-0.9%-3.1%
VWIV51.2%41.2%62.6%59.8%52.4%
Skew 25d7.0%4.8%10.1%10.1%8.8%
Skew 10d14.3%10.3%21.2%12.7%17.3%
Call IV 25d47.7%38.6%58.4%57.6%50.7%
Put IV 25d54.7%43.4%67.7%67.7%59.5%
Bid-Ask Spread %11.457.4616.9610.3416.96
Gamma HHI0.120.100.150.110.12
Net GEX-1.3M-1.5M-1.1M-1.1M-1.4M
Net DEX61.8M36.7M91.6M91.6M39.6M
Net VEX-415.7K-463.9K-319.3K-325.2K-462.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.171.1243.853.641.99
Total Volume3,88941020,2282,1201,645
Total OI102,610.14374,150123,096108,31986,121

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-01-02$22.54$32.0061.0%17.5%42.6%41.5%59.8%10.1%-0.9%-1.1M91.6M-325.2K3.6410.344571,66333,15075,169
2019-01-03$21.88$29.0064.0%17.9%39.3%46.1%59.6%8.8%-3.1%-1.1M90.6M-319.3K38.9011.7250719,72133,31074,473
2019-01-04$23.22$29.0058.5%16.7%46.7%37.6%56.1%8.2%-0.4%-1.2M78.6M-389.4K9.1213.236786,18033,50878,732
2019-01-07$23.97$29.0058.7%16.5%48.1%37.8%62.6%9.0%-1.3%-1.3M78.3M-400.1K6.3112.882471,55933,68680,032
2019-01-08$24.12$29.0058.8%16.1%46.6%38.0%59.3%6.9%1.9%-1.3M77.9M-403.9K5.6114.353241,81933,80081,186
2019-01-09$25.16$28.0054.0%15.5%49.6%30.8%58.2%7.6%1.4%-1.4M72.7M-408.9K5.9615.203311,97433,88281,507
2019-01-10$25.64$28.0051.7%14.8%49.2%27.2%48.2%7.0%2.4%-1.5M71.4M-417.8K1.1212.942,0922,35333,94582,550
2019-01-11$25.97$28.0050.6%14.5%49.3%25.6%47.3%5.9%3.4%-1.4M68.5M-419.2K3.6213.231,2854,65735,56982,767
2019-01-14$26.07$28.0049.9%14.3%48.9%24.5%50.7%5.7%4.5%-1.4M68.6M-438.4K1.2813.4518023035,49186,047
2019-01-15$25.56$28.0049.8%14.3%49.0%24.3%52.9%7.0%3.9%-1.3M73.3M-430.5K2.4413.0216540335,50685,987
2019-01-16$25.88$28.0045.9%13.2%49.2%18.3%47.9%6.2%6.5%-1.3M70.9M-429.2K2.4110.364341,04435,52286,117
2019-01-17$26.34$28.0044.3%12.7%49.3%16.0%44.2%5.4%7.0%-1.1M67.4M-421.5K1.8311.829701,77935,61086,849
2019-01-18$26.90$28.0041.5%11.9%47.5%11.6%41.2%4.8%9.3%-1.1M64.3M-422.8K2.9210.398512,48235,70387,393
2019-01-22$25.24$28.0049.4%14.2%53.2%23.7%49.1%6.0%6.2%-1.2M41.8M-422.0K2.149.534801,02910,39863,752
2019-01-23$24.23$28.0050.5%14.5%51.4%25.4%49.8%6.5%5.9%-1.2M46.8M-411.5K1.637.4638162110,67663,966
2019-01-24$25.15$28.0047.2%13.5%52.3%20.3%47.5%7.2%8.0%-1.2M42.8M-419.9K2.687.496171,65310,78964,285
2019-01-25$26.40$28.0044.9%12.9%51.4%16.8%43.3%5.7%8.5%-1.2M36.7M-419.4K1.637.652,2113,60910,82665,407
2019-01-28$26.20$28.0049.5%14.2%51.4%23.9%49.8%7.3%8.0%-1.2M38.0M-441.9K43.8513.121114,86712,53167,744
2019-01-29$26.11$28.0049.5%14.2%51.2%23.8%47.4%6.6%7.3%-1.4M41.1M-462.7K30.097.751434,30312,60672,464
2019-01-30$26.70$28.0045.4%13.0%48.4%17.6%48.0%6.2%9.3%-1.4M37.5M-463.9K23.417.602305,38412,57373,184
2019-01-31$26.46$27.0046.2%16.0%48.7%18.9%52.4%8.8%-3.1%-1.4M39.6M-462.8K1.9916.965501,09512,68373,438