CAR Options History — May 2019

In May 2019, CAR traded between $28.45 and $37.20. ATM implied volatility averaged 43.8%, placing in the 15.1% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 12.2% (HV 20d: 31.7%). Max pain ranged from $34.00 to $35.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 2.90.

Notable Days

  • 2019-05-02: Highest Volume — 12,961 contracts
  • 2019-05-02: Largest IV drop — 42.0% change
  • 2019-05-01: Highest IV Rank — 54.4%
  • 2019-05-01: Largest Expected Move — 19.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.57$28.45$37.20$35.14$28.45
Max Pain$34.86$34.00$35.00$34.00$35.00
ATM IV43.8%37.3%69.5%69.5%45.6%
Expected Move12.1%10.6%19.9%19.9%13.1%
HV 20d31.7%23.8%34.4%23.8%31.2%
HV 60d38.8%30.7%47.3%45.8%31.5%
IV Rank15.1%5.3%54.4%54.4%17.1%
IV Percentile38.2%12.3%94.8%94.8%49.2%
Term Structure0.8%-18.9%5.8%-18.9%-1.9%
VWIV42.4%38.5%70.0%70.0%41.5%
Skew 25d6.2%4.8%11.1%11.1%6.5%
Skew 10d13.1%8.7%20.4%20.4%9.8%
Call IV 25d39.3%33.2%63.7%63.7%41.8%
Put IV 25d45.5%39.7%74.8%74.8%48.3%
Bid-Ask Spread %14.878.1919.5111.8610.96
Gamma HHI0.100.070.120.100.09
Net GEX-1.1M-1.6M-225.3K-648.8K-1.2M
Net DEX30.2M-16.1M58.8M1.3M58.8M
Net VEX-470.8K-493.5K-447.1K-491.1K-447.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.900.367.381.241.96
Total Volume3,70433312,9616,2511,557
Total OI102,32582,055116,756106,68187,553

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$35.14$34.0069.5%19.9%23.8%54.4%70.0%11.1%-18.9%-648.8K1.3M-491.1K1.2411.862,7943,45721,45985,222
2019-05-02$35.95$34.0040.3%11.6%24.7%9.8%46.5%4.8%0.6%-323.5K-8.5M-454.7K5.8511.411,89111,07021,56286,626
2019-05-03$37.20$34.0037.3%10.7%27.2%5.3%38.5%6.4%-1.8%-225.3K-16.1M-455.4K4.418.191,2955,70721,11791,161
2019-05-06$36.72$35.0039.4%10.6%27.5%8.5%39.3%6.2%5.8%-424.8K-10.7M-468.2K1.2315.8050562321,63293,368
2019-05-07$34.82$35.0044.3%11.5%33.6%15.9%40.5%6.1%4.7%-1.0M9.9M-493.5K4.1518.075132,12721,81094,612
2019-05-08$34.28$35.0045.6%11.5%34.0%17.9%39.9%5.4%4.6%-996.2K12.8M-471.6K7.3819.515434,00721,77592,571
2019-05-09$34.66$35.0043.2%11.4%33.6%14.2%39.8%6.8%4.2%-1.2M15.7M-491.6K2.6417.851,7754,68521,67295,084
2019-05-10$33.91$35.0043.9%11.8%33.4%15.3%41.9%6.3%3.6%-1.4M24.8M-482.8K5.0317.703221,61920,94594,318
2019-05-13$33.06$35.0051.5%12.5%33.9%26.9%43.0%6.0%2.9%-1.6M34.0M-470.0K6.2417.266113,81220,94594,318
2019-05-14$33.18$35.0049.5%12.1%33.6%23.9%43.4%5.4%3.2%-1.4M31.4M-476.2K2.5516.822,2835,83121,89193,275
2019-05-15$32.99$35.0041.5%11.9%33.4%11.6%39.5%6.1%4.0%-1.4M34.7M-485.7K0.6617.4620113221,92994,775
2019-05-16$32.75$35.0040.3%11.5%32.6%9.8%41.5%5.6%4.5%-1.4M34.2M-480.7K1.2317.7433241021,95594,145
2019-05-17$31.61$35.0039.6%11.4%34.4%8.8%40.2%5.2%5.4%-1.3M44.3M-478.8K1.2517.159451,18321,99394,238
2019-05-20$31.54$35.0040.7%11.7%34.2%10.3%40.0%6.9%-0.3%-1.3M42.9M-478.1K0.6015.9250330414,34767,708
2019-05-21$31.35$35.0041.1%11.8%33.4%11.0%39.4%5.2%-0.1%-1.3M43.5M-475.4K4.7614.707113,38414,76867,787
2019-05-22$30.45$35.0041.1%11.8%32.8%10.9%41.2%6.0%-0.2%-1.3M48.4M-461.7K5.3214.125843,10915,02468,130
2019-05-23$29.91$35.0042.3%12.1%32.4%12.7%41.8%5.8%-0.5%-1.3M51.5M-461.5K0.3610.982,9721,07414,93668,618
2019-05-24$29.80$35.0040.8%11.7%31.0%10.4%39.9%4.9%-0.3%-1.2M51.2M-465.1K0.7714.023,1012,37417,44969,091
2019-05-28$29.89$35.0041.6%11.9%31.4%11.6%41.3%5.1%-0.3%-1.3M52.4M-462.0K3.0011.7217452217,59670,006
2019-05-29$30.03$35.0042.8%12.3%31.5%12.7%42.4%6.9%-1.6%-1.2M50.6M-460.1K0.9912.9641140817,67369,250
2019-05-30$28.85$35.0042.7%12.2%33.5%12.6%42.3%7.2%-0.7%-1.1M56.3M-447.1K2.1714.975131,11417,86568,951
2019-05-31$28.45$35.0045.6%13.1%31.2%17.1%41.5%6.5%-1.9%-1.2M58.8M-447.4K1.9610.965261,03117,94569,608