CAR Options History — April 2020

In April 2020, CAR traded between $10.36 and $17.11. ATM implied volatility averaged 169.8%, placing in the 47.0% IV rank vs the trailing year. The 30-day expected move averaged 49.0%. IV traded below realized volatility by 52.7% (HV 20d: 222.5%). Max pain ranged from $21.00 to $35.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 1.68.

Notable Days

  • 2020-04-29: Highest Volume — 28,231 contracts
  • 2020-04-06: Largest IV drop — 12.6% change
  • 2020-04-01: Highest IV Rank — 56.5%
  • 2020-04-03: Largest Expected Move — 56.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.84$10.36$17.11$12.90$16.47
Max Pain$28.95$21.00$35.00$21.00$21.00
ATM IV169.8%156.8%197.7%197.7%170.6%
Expected Move49.0%45.0%56.9%56.7%48.9%
HV 20d222.5%138.8%300.3%286.8%143.4%
HV 60d187.8%177.1%194.9%177.1%194.6%
IV Rank47.0%42.6%56.5%56.5%47.3%
IV Percentile91.5%86.9%95.6%95.6%92.5%
Term Structure-26.9%-43.4%-1.9%-1.9%-36.0%
VWIV171.5%144.4%205.9%205.9%170.1%
Skew 25d43.6%29.8%55.6%55.2%29.8%
Skew 10d89.8%68.8%119.2%105.6%68.8%
Call IV 25d145.4%134.8%169.0%169.0%151.6%
Put IV 25d189.0%173.6%224.2%224.2%181.4%
Bid-Ask Spread %20.485.6146.5341.4517.57
Gamma HHI0.100.070.130.100.07
Net GEX-206.2K-321.1K-135.8K-194.2K-181.4K
Net DEX32.6M17.3M41.4M36.0M23.7M
Net VEX-242.9K-411.0K-153.6K-210.2K-411.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.680.786.532.623.22
Total Volume7,442.2381,84828,2312,7193,451
Total OI118,284103,863156,509103,863156,509

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-04-01$12.90$21.00197.7%56.7%286.8%56.5%205.9%55.2%-1.9%-194.2K36.0M-210.2K2.6241.457511,96835,79768,066
2020-04-02$11.27$35.00192.1%56.4%286.0%54.6%177.1%55.6%-43.4%-180.7K37.5M-171.6K0.7830.421,9231,50436,15668,120
2020-04-03$10.36$35.00195.2%56.9%286.4%55.6%184.1%52.3%-42.8%-167.3K37.0M-153.6K1.2246.531,0791,31637,57068,376
2020-04-06$12.18$35.00170.5%51.4%294.2%47.3%185.2%50.4%-31.6%-194.7K37.9M-182.9K1.0320.872,0682,12338,23768,237
2020-04-07$14.15$34.00169.6%50.1%300.3%47.0%171.1%52.6%-32.6%-203.7K34.5M-226.9K2.9738.911,9765,86639,46768,551
2020-04-08$14.32$34.00169.9%48.7%298.3%47.1%167.2%47.6%-28.7%-253.3K36.0M-233.9K0.8326.941,00983939,49172,629
2020-04-09$15.94$33.00164.3%47.1%290.9%45.2%173.9%47.9%-25.8%-260.5K31.3M-265.0K0.8629.482,2661,95039,81672,754
2020-04-13$14.76$33.00173.8%49.8%291.7%48.4%170.0%49.1%-32.5%-269.5K34.9M-236.3K0.9415.361,6091,51539,72173,472
2020-04-14$14.45$32.00172.1%49.3%286.4%47.8%178.3%44.4%-30.0%-275.2K35.9M-226.8K0.8913.431,8341,62840,63173,971
2020-04-15$14.36$32.00170.0%48.7%282.4%47.1%170.1%43.3%-28.9%-263.1K35.1M-227.8K1.9720.986441,27041,90174,549
2020-04-16$12.78$32.00168.7%48.4%208.1%46.7%170.6%43.5%-27.8%-321.1K41.4M-188.3K1.009.716,6496,66142,08975,061
2020-04-17$13.98$32.00161.5%46.3%193.0%44.2%161.5%40.5%-27.1%-264.0K33.2M-230.9K1.6611.101,8083,00547,22777,222
2020-04-20$13.53$30.00158.8%45.5%187.8%43.3%166.6%41.5%-17.1%-183.5K32.3M-223.0K0.9311.092,4712,29338,27168,456
2020-04-21$12.67$29.00163.5%46.9%176.1%44.9%168.6%42.0%-16.4%-188.8K33.4M-212.8K0.829.671,8971,56240,40270,847
2020-04-22$12.10$29.00166.8%47.8%139.0%46.0%169.8%38.0%-21.1%-191.6K34.3M-198.4K6.538.463,63123,71341,67471,104
2020-04-23$12.05$25.00157.9%45.3%138.8%43.0%144.4%33.3%-16.4%-150.7K35.9M-218.3K0.987.946,0765,95544,52774,242
2020-04-24$13.49$22.00162.1%46.5%145.5%44.4%169.7%42.3%-20.2%-135.8K32.1M-277.0K1.9028.302,2324,23350,30479,709
2020-04-27$15.23$22.00159.2%45.6%148.6%43.4%165.9%38.1%-24.6%-141.9K26.7M-304.4K0.835.612,7032,24150,99682,122
2020-04-28$16.53$21.00156.8%45.0%144.6%42.6%163.1%32.8%-25.5%-146.1K19.5M-337.2K1.4610.915,0197,31851,99482,949
2020-04-29$17.11$21.00163.9%47.0%144.3%45.0%167.5%35.1%-34.0%-163.9K17.3M-364.0K1.8725.349,83118,40053,00887,739
2020-04-30$16.47$21.00170.6%48.9%143.4%47.3%170.1%29.8%-36.0%-181.4K23.7M-411.0K3.2217.578182,63356,73299,777