CAR Options History — August 2019

In August 2019, CAR traded between $24.02 and $35.40. ATM implied volatility averaged 48.9%, placing in the 25.6% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 10.7% (HV 20d: 38.1%). Max pain ranged from $28.00 to $36.00. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 1.31.

Notable Days

  • 2019-08-05: Highest Volume — 6,791 contracts
  • 2019-08-06: Largest IV drop — 41.8% change
  • 2019-08-05: Highest IV Rank — 81.1%
  • 2019-08-02: Largest Expected Move — 19.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.28$24.02$35.40$35.40$24.84
Max Pain$32.59$28.00$36.00$36.00$28.00
ATM IV48.9%40.0%86.6%63.8%40.8%
Expected Move13.3%11.6%19.7%18.3%11.7%
HV 20d38.1%25.9%45.1%25.9%42.3%
HV 60d34.9%29.7%37.9%29.7%36.2%
IV Rank25.6%12.6%81.1%47.6%13.7%
IV Percentile49.6%25.0%97.2%88.1%25.0%
Term Structure0.6%-18.9%6.3%-16.2%2.0%
VWIV44.9%39.5%68.8%63.7%40.9%
Skew 25d4.9%3.2%6.3%3.2%4.8%
Skew 10d9.0%5.9%12.5%8.2%9.5%
Call IV 25d44.4%38.6%67.6%63.0%39.1%
Put IV 25d49.3%42.6%71.8%66.2%43.8%
Bid-Ask Spread %10.496.4417.5811.729.83
Gamma HHI0.120.070.240.240.11
Net GEX-550.1K-1.6M2.1M2.1M-688.1K
Net DEX34.9M-22.3M61.3M-22.3M33.7M
Net VEX-335.4K-443.0K-299.4K-443.0K-308.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.310.234.970.783.00
Total Volume1,923.5912346,7913,163312
Total OI101,856.59162,968136,491130,23065,735

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-08-01$35.40$36.0063.8%18.3%25.9%47.6%63.7%3.2%-16.2%2.1M-22.3M-443.0K0.7811.721,7731,39061,67168,559
2019-08-02$34.74$36.0068.7%19.7%26.9%54.8%68.8%4.2%-18.9%1.7M-12.3M-439.0K0.2313.613,41577762,47169,326
2019-08-05$34.00$35.0086.6%16.0%27.6%81.1%56.2%3.6%-3.9%1.3M-4.3M-429.3K0.8317.583,7053,08663,70869,700
2019-08-06$33.48$35.0050.4%12.6%27.7%27.8%43.1%5.4%3.8%-273.1K27.2M-358.6K0.4616.832,9661,37164,44871,004
2019-08-07$31.29$35.0048.8%12.8%36.2%25.5%42.8%6.3%3.9%-1.1M51.7M-339.0K1.239.621,1721,44765,15470,983
2019-08-08$31.77$35.0040.2%11.6%35.3%12.8%40.6%3.9%5.6%-1.1M49.3M-329.6K0.7111.3846633065,35170,983
2019-08-09$31.55$34.0040.0%11.7%34.9%12.6%41.1%4.7%5.6%-1.2M50.8M-328.7K0.4312.5198442765,45671,035
2019-08-12$29.52$34.0051.0%12.5%40.0%28.7%44.1%5.4%4.9%-1.5M61.3M-326.2K1.9311.056621,27865,54070,589
2019-08-13$29.16$34.0050.5%12.1%39.5%28.0%40.8%5.8%6.0%-1.6M50.6M-322.0K1.378.5739153665,51966,145
2019-08-14$27.39$34.0048.2%13.8%43.4%24.7%41.3%5.7%3.5%-1.3M58.8M-322.1K4.9711.295612,79065,64065,809
2019-08-15$26.20$34.0048.4%13.9%44.7%25.0%45.3%5.4%4.9%-1.0M61.3M-328.8K1.8210.3948889065,45065,609
2019-08-16$26.30$34.0045.1%12.9%44.9%20.0%43.3%4.5%6.3%-733.6K54.6M-321.7K1.539.6763897465,72163,519
2019-08-19$26.28$33.0043.1%12.4%45.1%17.1%40.8%4.8%1.0%-786.3K33.1M-316.0K1.2010.031,0851,30212,35150,831
2019-08-20$26.26$33.0043.0%12.3%44.6%17.0%40.6%4.7%0.1%-733.2K31.8M-311.6K1.4310.7427839713,20149,767
2019-08-21$25.77$32.0041.7%12.0%40.5%15.0%43.8%5.3%1.5%-738.5K33.4M-316.3K0.569.0154630613,36349,907
2019-08-22$25.57$31.0042.3%12.1%40.6%15.9%40.9%4.8%1.1%-734.3K32.7M-316.1K0.867.4125822213,82949,922
2019-08-23$24.76$30.0045.4%13.0%40.3%20.4%44.9%5.8%-0.0%-707.4K35.3M-309.3K0.836.4460650014,06450,049
2019-08-26$24.77$29.0046.1%13.2%40.1%21.5%42.0%5.1%-0.4%-704.0K34.9M-307.4K1.558.8934753914,29249,981
2019-08-27$24.20$29.0045.4%13.0%39.5%20.6%44.2%5.4%-0.5%-706.3K36.8M-301.1K0.697.1781756114,51650,157
2019-08-28$24.02$28.0044.7%12.8%37.8%19.5%40.2%4.6%0.2%-695.6K36.4M-299.4K1.798.468415014,98249,772
2019-08-29$24.79$28.0040.9%11.7%41.7%13.9%39.5%3.7%2.1%-711.8K33.9M-305.0K0.518.4698550715,04549,691
2019-08-30$24.84$28.0040.8%11.7%42.3%13.7%40.9%4.8%2.0%-688.1K33.7M-308.8K3.009.837823415,64850,087