CAR Options History — April 2019

In April 2019, CAR traded between $34.30 and $36.84. ATM implied volatility averaged 50.6%, placing in the 25.6% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded above realized volatility by 18.9% (HV 20d: 31.7%). Max pain ranged from $31.00 to $34.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 3.63.

Notable Days

  • 2019-04-02: Highest Volume — 11,026 contracts
  • 2019-04-10: Largest IV spike — 21.8% change
  • 2019-04-30: Highest IV Rank — 57.2%
  • 2019-04-30: Largest Expected Move — 20.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.51$34.30$36.84$35.83$35.50
Max Pain$32.86$31.00$34.00$31.00$34.00
ATM IV50.6%34.6%71.3%37.1%71.3%
Expected Move15.5%13.0%20.5%13.4%20.5%
HV 20d31.7%22.5%36.7%35.8%24.1%
HV 60d48.1%45.3%51.0%51.0%46.0%
IV Rank25.6%1.1%57.2%4.9%57.2%
IV Percentile53.6%1.2%95.2%10.7%95.2%
Term Structure-6.2%-18.5%9.5%9.5%-18.5%
VWIV56.5%45.1%74.5%47.0%74.5%
Skew 25d6.7%4.5%10.5%4.9%8.9%
Skew 10d13.6%8.4%22.1%8.4%18.8%
Call IV 25d49.4%34.6%67.7%34.6%67.7%
Put IV 25d56.2%39.3%76.6%39.5%76.6%
Bid-Ask Spread %13.8911.5016.0113.6812.80
Gamma HHI0.110.060.180.120.10
Net GEX-658.4K-1.3M-20.0K-774.0K-617.7K
Net DEX-4.6M-14.6M7.3M-3.5M-2.0M
Net VEX-483.0K-526.8K-425.1K-425.1K-481.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.630.4115.322.241.37
Total Volume2,980.28650511,0266381,322
Total OI104,283.33396,659108,93096,659106,183

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$35.83$31.0037.1%13.4%35.8%4.9%47.0%4.9%9.5%-774.0K-3.5M-425.1K2.2413.6819744114,94381,716
2019-04-02$35.34$31.0037.4%13.4%35.4%5.4%47.3%4.5%9.2%-905.6K-121.6K-444.0K1.0213.175,4485,57814,98981,850
2019-04-03$34.89$31.0036.2%13.3%35.0%3.5%47.6%5.6%-2.0%-1.0M1.3M-526.8K1.3713.7145061620,18686,913
2019-04-04$35.18$31.0035.8%13.0%34.7%3.0%46.3%5.8%-1.1%-929.7K-1.4M-523.9K3.3913.623561,20720,33387,055
2019-04-05$34.86$32.0034.6%13.4%34.7%1.1%45.1%4.7%-1.7%-1.1M1.1M-522.0K6.3313.671,0166,42820,34787,454
2019-04-08$34.44$33.0039.5%13.9%34.9%8.7%48.0%5.7%-2.6%-1.3M5.5M-498.4K2.2414.2615634920,83383,505
2019-04-09$34.30$33.0039.3%13.9%34.8%8.3%47.3%5.5%-2.3%-1.3M7.3M-498.0K1.2013.1039147120,88983,614
2019-04-10$34.93$33.0047.9%13.7%35.3%21.4%48.0%4.9%-3.1%-1.0M-155.9K-486.9K1.7614.465931,04320,78283,487
2019-04-11$35.68$33.0050.9%14.6%36.0%26.0%52.1%6.3%-5.8%-692.2K-7.6M-470.9K0.4116.013,5211,43920,99583,888
2019-04-12$36.07$33.0050.8%14.6%36.2%25.9%54.9%6.0%-5.1%-264.5K-14.6M-478.6K3.2213.491,1033,55722,77784,431
2019-04-15$35.40$33.0053.9%15.5%36.7%30.6%53.9%6.9%-8.5%-497.6K-7.9M-479.6K1.9911.5039277922,98685,199
2019-04-16$34.92$33.0052.9%15.2%36.2%29.1%53.4%5.3%-6.8%-723.6K-3.6M-495.2K10.2513.752882,95123,24385,687
2019-04-17$35.51$33.0053.0%15.2%36.6%29.3%54.6%6.8%-7.5%-20.0K-9.5M-483.0K8.2714.393472,87123,21284,161
2019-04-18$35.47$33.0053.3%15.3%34.8%29.7%53.3%5.4%-7.2%-255.4K-9.6M-476.1K5.5312.935142,84023,20184,186
2019-04-22$35.66$33.0056.7%16.3%22.5%34.9%65.2%7.9%-10.1%-272.0K-7.0M-470.2K15.3214.002874,39720,25376,595
2019-04-23$36.14$34.0058.9%16.9%22.7%38.2%66.1%8.0%-11.4%-363.6K-9.3M-467.7K2.5515.087151,82220,43379,616
2019-04-24$36.84$34.0059.5%17.1%23.0%39.1%67.7%9.2%-12.2%-337.1K-13.3M-467.4K1.3414.197461,00120,72981,022
2019-04-25$35.91$34.0062.9%18.0%25.2%44.3%70.8%9.2%-14.2%-475.0K-5.7M-484.6K1.9215.188611,65520,95281,751
2019-04-26$36.51$34.0062.7%18.0%25.6%44.1%70.5%9.5%-12.8%-427.8K-10.5M-472.8K2.6013.239062,35321,11882,863
2019-04-29$36.23$34.0068.6%19.7%25.3%53.1%72.2%10.5%-16.2%-516.2K-7.1M-490.9K1.8415.4941576421,17384,400
2019-04-30$35.50$34.0071.3%20.5%24.1%57.2%74.5%8.9%-18.5%-617.7K-2.0M-481.5K1.3712.8055776521,35384,830