CAR Options History — March 2019

In March 2019, CAR traded between $33.23 and $36.44. ATM implied volatility averaged 38.7%, placing in the 7.4% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded below realized volatility by 13.6% (HV 20d: 52.3%). Max pain ranged from $31.00 to $31.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 2.79.

Notable Days

  • 2019-03-15: Highest Volume — 5,787 contracts
  • 2019-03-22: Largest IV spike — 13.0% change
  • 2019-03-11: Highest IV Rank — 14.9%
  • 2019-03-25: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.74$33.23$36.44$36.38$34.74
Max Pain$31.00$31.00$31.00$31.00$31.00
ATM IV38.7%35.2%43.6%38.5%36.7%
Expected Move12.7%11.0%13.8%11.0%13.2%
HV 20d52.3%23.0%66.8%64.9%33.8%
HV 60d53.0%51.0%55.8%55.8%51.3%
IV Rank7.4%2.1%14.9%7.0%4.4%
IV Percentile18.0%4.0%40.5%16.3%9.5%
Term Structure7.1%0.5%9.1%0.5%9.1%
VWIV44.8%38.1%51.5%38.1%45.3%
Skew 25d5.3%4.1%6.7%4.7%5.7%
Skew 10d10.8%8.6%13.7%9.1%9.6%
Call IV 25d35.9%32.3%38.3%35.9%33.8%
Put IV 25d41.2%37.7%44.3%40.7%39.5%
Bid-Ask Spread %12.796.3717.8110.7414.17
Gamma HHI0.120.060.440.070.14
Net GEX-462.5K-1.3M1.9M-2.4K-1.1M
Net DEX-8.3M-33.0M15.9M-32.4M4.6M
Net VEX-466.2K-492.7K-437.9K-465.9K-452.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.790.699.383.543.74
Total Volume1,929.0483785,7873,0821,513
Total OI102,234.47693,369110,430107,62495,730

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-03-01$36.38$31.0038.5%11.0%64.9%7.0%38.1%4.7%0.5%-2.4K-32.4M-465.9K3.5410.746792,40322,05985,565
2019-03-04$36.44$31.0041.1%11.8%65.1%11.1%43.9%6.7%6.1%20.4K-33.0M-462.4K3.159.669128722,19985,649
2019-03-05$35.72$31.0040.9%11.7%65.1%10.7%43.3%6.5%5.7%-25.6K-28.4M-461.6K1.2511.501,5471,93322,22585,817
2019-03-06$35.01$31.0039.8%11.4%66.3%9.1%41.1%5.9%6.0%-72.1K-21.5M-478.6K1.066.371,2041,27922,22685,860
2019-03-07$34.55$31.0039.8%11.4%66.8%9.0%41.0%5.3%7.0%-80.4K-16.9M-477.8K0.9612.211,3211,27422,29786,135
2019-03-08$34.17$31.0039.6%11.3%66.6%8.7%39.7%5.6%6.7%-111.8K-14.0M-482.4K2.087.016621,37522,42686,336
2019-03-11$34.34$31.0043.6%13.5%65.1%14.9%44.3%6.2%6.1%-131.9K-16.4M-467.5K1.7514.6618632622,45686,415
2019-03-12$34.62$31.0039.2%13.2%59.7%8.1%46.6%5.7%6.6%-153.9K-19.2M-466.2K0.6913.8940027422,52986,661
2019-03-13$34.94$31.0038.2%13.1%59.0%6.6%46.4%5.2%8.0%-100.7K-23.4M-460.4K1.2914.3125833222,70886,727
2019-03-14$34.78$31.0037.3%12.8%59.3%5.3%45.6%4.8%6.9%-134.2K-22.2M-455.3K1.0917.811,2291,33422,67186,738
2019-03-15$34.96$31.0036.1%12.6%59.3%3.4%43.2%4.7%8.0%1.9M-22.7M-437.9K2.4112.331,6964,09122,61987,811
2019-03-18$35.32$31.0035.9%12.7%59.2%3.1%45.1%5.2%8.8%-848.3K152.3K-457.4K5.4810.522051,12314,47878,891
2019-03-19$34.56$31.0036.5%12.8%59.3%4.1%45.5%4.8%8.3%-994.6K5.5M-466.3K9.3813.461741,63214,54279,621
2019-03-20$34.56$31.0036.2%12.7%59.0%3.5%46.6%4.5%8.0%-1.0M5.5M-466.6K6.3615.062961,88314,58379,747
2019-03-21$35.69$31.0035.2%12.6%23.0%2.1%42.9%5.4%8.5%-811.8K-1.8M-458.4K3.6413.377192,61914,61880,195
2019-03-22$33.23$31.0039.8%13.6%33.4%9.1%48.2%4.7%7.8%-1.2M15.9M-492.7K2.2115.881,2882,84114,94580,776
2019-03-25$33.32$31.0041.1%13.8%33.4%11.0%51.5%5.0%7.0%-1.3M15.8M-488.3K4.0415.5211546514,77680,787
2019-03-26$33.83$31.0039.7%13.6%33.5%8.8%49.1%4.9%7.9%-1.2M11.5M-465.4K1.3713.4922230414,77480,924
2019-03-27$34.19$31.0038.8%13.7%33.6%7.5%47.1%4.1%8.6%-1.2M9.1M-463.9K1.0013.4722122214,78580,922
2019-03-28$34.12$31.0038.6%13.5%33.5%7.3%46.9%5.9%8.6%-1.2M9.8M-461.5K2.0113.0916232514,78180,920
2019-03-29$34.74$31.0036.7%13.2%33.8%4.4%45.3%5.7%9.1%-1.1M4.6M-452.9K3.7414.173191,19414,79680,934