CAR Options History — July 2019

In July 2019, CAR traded between $34.37 and $36.68. ATM implied volatility averaged 47.2%, placing in the 22.8% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded above realized volatility by 23.9% (HV 20d: 23.3%). Max pain ranged from $32.00 to $36.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.76.

Notable Days

  • 2019-07-11: Highest Volume — 43,043 contracts
  • 2019-07-10: Largest IV spike — 36.5% change
  • 2019-07-31: Highest IV Rank — 39.6%
  • 2019-07-31: Largest Expected Move — 16.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.60$34.37$36.68$34.95$36.68
Max Pain$35.55$32.00$36.00$32.00$36.00
ATM IV47.2%31.5%58.3%35.4%58.3%
Expected Move14.0%9.0%16.7%10.2%16.7%
HV 20d23.3%17.2%30.7%30.7%22.4%
HV 60d31.7%30.8%32.1%31.9%30.8%
IV Rank22.8%0.0%39.6%1.4%39.6%
IV Percentile46.0%0.0%79.8%0.8%79.8%
Term Structure-3.8%-12.8%13.3%9.9%-12.8%
VWIV49.1%31.9%59.0%37.1%59.0%
Skew 25d4.0%2.1%6.6%5.7%2.2%
Skew 10d9.4%3.0%20.4%10.5%5.9%
Call IV 25d47.6%30.3%58.8%32.6%58.8%
Put IV 25d51.6%35.1%61.0%38.3%61.0%
Bid-Ask Spread %11.647.9420.7111.3511.00
Gamma HHI0.210.080.310.080.30
Net GEX1.4M-559.8K3.0M-477.7K3.0M
Net DEX-21.6M-52.4M8.4M3.5M-43.7M
Net VEX-447.0K-509.7K-395.4K-413.3K-441.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.052.561.580.38
Total Volume4,213.68244343,0434433,353
Total OI110,39583,123128,29683,123128,296

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-07-01$34.95$32.0035.4%10.2%30.7%1.4%37.1%5.7%9.9%-477.7K3.5M-413.3K1.5811.3517227118,54964,574
2019-07-02$34.37$32.0033.1%9.5%27.9%0.0%32.9%5.0%13.3%-551.6K8.4M-411.7K1.2914.1565884618,49864,710
2019-07-03$34.80$34.0031.5%9.0%27.9%0.0%31.9%4.9%12.8%-539.6K5.2M-410.8K1.1713.5722826718,98965,429
2019-07-05$34.89$36.0031.5%12.9%26.9%0.0%46.1%6.6%-0.1%-531.4K4.8M-406.7K0.9811.0628027418,99165,452
2019-07-08$34.50$36.0034.1%13.3%27.7%3.8%46.0%6.3%-1.5%-559.8K7.9M-399.2K2.5612.3316041019,06165,505
2019-07-09$34.93$36.0033.5%13.2%27.7%2.9%46.4%6.3%-1.8%-535.5K4.1M-399.3K1.8510.6023844019,12365,823
2019-07-10$34.67$36.0045.7%13.1%28.1%20.9%43.0%5.7%-0.8%-556.7K5.9M-395.4K0.1014.535,65654019,14465,828
2019-07-11$35.52$36.0051.8%14.9%28.7%29.9%50.6%4.5%-5.6%-81.6K-6.5M-416.0K0.0520.7140,9492,09424,47565,960
2019-07-12$35.84$36.0049.3%14.1%18.7%26.2%49.6%2.5%-4.2%2.2M-35.1M-503.0K0.3713.435,4792,03455,96066,363
2019-07-15$36.36$36.0051.3%14.7%18.9%29.2%52.4%2.7%-4.6%2.6M-45.1M-505.2K0.1012.373,02430857,99767,219
2019-07-16$36.59$36.0051.3%14.7%18.9%29.2%52.0%3.0%-5.8%2.8M-52.4M-509.7K0.2010.852,10943158,84367,346
2019-07-17$36.27$36.0052.5%15.0%17.2%30.9%52.4%4.6%-6.2%2.6M-45.3M-500.6K0.4511.351,11049758,86767,447
2019-07-18$35.86$36.0051.3%14.7%17.9%29.2%51.8%4.1%-5.8%2.4M-37.2M-486.0K0.4911.2686943058,87167,616
2019-07-19$35.86$36.0052.2%15.0%17.8%30.6%51.5%4.2%-6.8%2.8M-36.7M-486.6K0.237.942,16250758,86567,683
2019-07-22$34.99$36.0052.7%15.1%19.7%31.3%52.9%4.2%-7.9%1.7M-16.3M-451.1K0.8111.521,5521,25357,02465,082
2019-07-23$35.28$36.0052.0%14.9%19.8%30.2%53.1%2.9%-7.0%1.9M-21.0M-464.1K0.599.4076644957,27065,779
2019-07-24$36.55$36.0051.1%14.6%23.0%28.9%51.1%2.3%-7.2%2.7M-40.1M-461.0K0.2210.402,09145757,05865,854
2019-07-25$35.98$36.0052.1%14.9%23.1%30.4%53.8%3.2%-7.6%2.4M-31.8M-453.8K0.629.7476046957,93765,915
2019-07-26$36.05$36.0052.9%15.2%23.1%31.6%53.1%2.1%-9.2%2.5M-33.9M-447.3K0.849.382,3511,98158,15566,098
2019-07-29$36.17$36.0057.0%16.3%23.1%37.5%56.6%2.2%-12.8%2.6M-36.0M-435.9K1.348.487491,00158,71166,476
2019-07-30$36.19$36.0057.0%16.3%23.1%37.6%57.7%2.6%-11.7%2.5M-34.5M-435.1K0.5210.621,9891,03758,63467,213
2019-07-31$36.68$36.0058.3%16.7%22.4%39.6%59.0%2.2%-12.8%3.0M-43.7M-441.4K0.3811.002,42892560,27368,023