CAR Options History — February 2019

In February 2019, CAR traded between $25.55 and $36.14. ATM implied volatility averaged 49.6%, placing in the 24.1% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded below realized volatility by 3.6% (HV 20d: 53.2%). Max pain ranged from $27.00 to $31.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 3.00.

Notable Days

  • 2019-02-21: Highest Volume — 18,584 contracts
  • 2019-02-21: Largest IV drop — 24.6% change
  • 2019-02-20: Highest IV Rank — 38.4%
  • 2019-02-20: Largest Expected Move — 16.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.97$25.55$36.14$26.66$35.85
Max Pain$27.95$27.00$31.00$27.00$31.00
ATM IV49.6%39.5%59.0%43.6%39.5%
Expected Move14.7%11.3%16.9%15.7%11.3%
HV 20d53.2%41.3%67.1%46.7%65.5%
HV 60d52.1%47.6%58.5%53.1%55.8%
IV Rank24.1%8.6%38.4%14.9%8.6%
IV Percentile55.2%21.4%82.5%38.9%21.4%
Term Structure-3.8%-9.6%0.1%-3.1%-0.6%
VWIV51.5%37.6%59.8%52.9%38.3%
Skew 25d7.1%3.8%9.8%8.1%5.1%
Skew 10d14.3%6.3%25.4%15.5%8.7%
Call IV 25d47.7%36.9%54.0%50.5%36.9%
Put IV 25d54.8%42.0%62.7%58.6%42.0%
Bid-Ask Spread %15.827.4927.1915.878.73
Gamma HHI0.100.060.150.110.06
Net GEX-926.4K-1.8M-69.9K-1.4M-136.8K
Net DEX13.3M-31.1M49.0M38.2M-27.5M
Net VEX-462.0K-490.4K-427.5K-462.2K-471.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.000.4016.541.641.97
Total Volume5,713.3161,15618,5841,1563,558
Total OI95,105.73786,171106,82286,231106,822

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-02-01$26.66$27.0043.6%15.7%46.7%14.9%52.9%8.1%-3.1%-1.4M38.2M-462.2K1.6415.8743871812,84073,391
2019-02-04$26.15$27.0047.4%16.1%43.9%20.7%58.6%8.8%-4.5%-1.5M41.2M-453.0K10.8017.194184,51312,85473,317
2019-02-05$26.62$27.0043.7%15.5%43.0%14.9%59.8%8.7%-3.2%-1.6M40.7M-463.0K5.5415.924482,48213,14877,580
2019-02-06$26.62$27.0053.9%15.4%43.1%30.5%57.2%9.0%-3.5%-1.7M40.9M-462.2K16.5415.86911,50513,37977,584
2019-02-07$26.22$27.0054.9%15.7%41.3%32.1%50.1%8.6%-3.0%-1.8M43.7M-457.8K0.6517.721,7731,16013,46177,865
2019-02-08$25.55$27.0055.6%15.9%41.9%33.2%56.9%8.7%-4.3%-1.8M49.0M-472.4K3.5415.545051,79014,54778,241
2019-02-11$27.80$27.0056.9%16.3%51.5%35.1%58.5%9.8%-4.4%-1.4M30.2M-462.0K0.4027.195,1682,07413,41978,692
2019-02-12$27.45$27.0057.8%16.6%51.8%36.5%57.3%8.1%-6.4%-1.3M28.0M-482.4K1.1214.783,1613,54416,92479,067
2019-02-13$27.61$27.0054.5%15.6%51.1%31.5%56.5%5.2%-3.7%-1.3M26.3M-487.0K0.9919.323,2833,23917,05680,532
2019-02-14$28.11$27.0056.6%16.2%51.3%34.8%56.4%8.0%-6.0%-1.0M22.4M-490.4K1.3517.992,9814,02617,04481,111
2019-02-15$28.62$27.0054.8%15.7%51.3%32.0%56.2%8.0%-4.4%-884.7K18.1M-479.6K2.1023.153,3296,97917,10482,227
2019-02-19$29.76$27.0058.0%16.6%52.4%36.8%58.0%7.9%-8.9%-785.2K15.6M-474.8K0.6514.333,4952,28912,68076,136
2019-02-20$29.45$28.0059.0%16.9%46.2%38.4%58.1%7.2%-9.6%-649.4K13.9M-476.3K0.7212.694,5473,27415,62374,254
2019-02-21$34.44$28.0044.5%12.8%67.1%16.2%45.7%3.8%-0.8%-87.6K-18.0M-427.5K1.3718.777,84210,74217,08875,634
2019-02-22$35.26$30.0040.3%11.6%66.7%9.8%41.2%5.1%0.1%-97.9K-23.8M-437.9K1.7014.253,5255,99719,18779,649
2019-02-25$35.33$30.0042.3%12.1%65.9%12.8%38.6%5.1%-2.5%-70.2K-26.2M-442.8K0.9113.291,08899320,66080,980
2019-02-26$35.80$30.0039.5%11.3%65.3%8.6%37.6%5.2%-1.6%-92.8K-29.6M-433.3K1.0510.481,7031,78020,61082,654
2019-02-27$36.14$30.0040.6%11.6%65.0%10.2%41.3%4.7%-1.5%-69.9K-31.1M-442.0K4.047.498133,28220,78982,860
2019-02-28$35.85$31.0039.5%11.3%65.5%8.6%38.3%5.1%-0.6%-136.8K-27.5M-471.2K1.978.731,1962,36221,35885,464