CAR Options History — June 2020

In June 2020, CAR traded between $20.48 and $32.40. ATM implied volatility averaged 109.7%, placing in the 26.6% IV rank vs the trailing year. The 30-day expected move averaged 31.0%. IV traded below realized volatility by 41.4% (HV 20d: 151.2%). Max pain ranged from $20.00 to $24.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 1.02.

Notable Days

2020-06-04: Highest Volume — 45,386 contracts
2020-06-11: Largest IV spike — 16.8% change
2020-06-11: Highest IV Rank — 31.6%
2020-06-11: Largest Expected Move — 35.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.66	$20.48	$32.40	$24.72	$22.87
Max Pain	$23.00	$20.00	$24.00	$20.00	$24.00
ATM IV	109.7%	92.7%	124.6%	102.1%	105.8%
Expected Move	31.0%	26.6%	35.7%	29.3%	30.3%
HV 20d	151.2%	126.7%	172.3%	165.8%	126.7%
HV 60d	176.6%	145.7%	211.7%	210.7%	145.7%
IV Rank	26.6%	20.8%	31.6%	24.0%	25.3%
IV Percentile	75.6%	71.0%	79.8%	76.6%	71.0%
Term Structure	-0.3%	-6.8%	7.0%	-4.8%	7.0%
VWIV	109.8%	98.1%	122.6%	110.8%	111.2%
Skew 25d	19.1%	15.6%	25.3%	25.3%	16.8%
Skew 10d	37.9%	29.9%	52.8%	52.8%	37.4%
Call IV 25d	98.7%	83.2%	109.4%	89.9%	97.2%
Put IV 25d	117.9%	104.6%	132.7%	115.2%	114.1%
Bid-Ask Spread %	20.07	13.00	28.67	20.38	28.67
Gamma HHI	0.07	0.06	0.09	0.09	0.07
Net GEX	626.1K	95.8K	1.3M	1.1M	321.9K
Net DEX	-155.6M	-331.1M	-11.1M	-181.9M	-47.4M
Net VEX	-1.0M	-1.1M	-892.0K	-1.0M	-956.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.02	0.29	2.35	1.33	1.18
Total Volume	15,721.591	3,453	45,386	16,455	3,573
Total OI	355,751	290,382	406,237	342,924	305,770

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2020-06-01	$24.72	$20.00	102.1%	29.3%	165.8%	24.0%	110.8%	25.3%	-4.8%	1.1M	-181.9M	-1.0M	1.33	20.38	7,072	9,383	148,305	194,619
2020-06-02	$23.57	$20.00	104.7%	30.0%	167.7%	24.9%	110.8%	23.6%	-6.8%	1.0M	-153.5M	-982.5K	1.17	13.00	6,784	7,969	148,322	197,423
2020-06-03	$27.22	$20.00	92.7%	26.6%	172.3%	20.8%	98.7%	21.4%	-4.4%	1.3M	-241.8M	-998.0K	1.00	13.44	13,079	13,021	149,383	200,783
2020-06-04	$28.43	$20.00	101.2%	27.9%	164.6%	23.7%	98.1%	16.6%	-0.3%	1.2M	-258.2M	-1.1M	1.66	18.67	17,088	28,298	149,936	205,985
2020-06-05	$31.25	$21.00	105.9%	28.2%	165.7%	25.3%	102.7%	19.8%	-3.6%	1.1M	-310.4M	-1.1M	0.96	17.27	11,391	10,901	153,907	225,194
2020-06-08	$32.40	$21.00	118.2%	29.8%	163.2%	29.5%	102.9%	16.3%	-2.2%	1.1M	-331.1M	-1.1M	1.21	17.03	14,124	17,039	153,233	226,871
2020-06-09	$29.27	$24.00	117.5%	30.3%	164.2%	29.2%	107.4%	16.1%	-2.2%	678.3K	-241.6M	-1.1M	0.79	15.07	8,138	6,414	150,578	234,684
2020-06-10	$27.43	$24.00	106.7%	30.6%	163.3%	25.6%	105.5%	16.3%	-0.5%	587.8K	-198.1M	-1.1M	0.88	23.68	8,752	7,703	152,552	235,727
2020-06-11	$23.39	$24.00	124.6%	35.7%	161.1%	31.6%	122.6%	23.3%	-5.5%	310.7K	-96.0M	-1.1M	1.70	17.81	10,176	17,303	155,047	237,201
2020-06-12	$25.84	$24.00	118.6%	34.0%	159.4%	29.6%	121.7%	21.8%	-3.1%	480.3K	-162.1M	-1.1M	1.64	22.25	5,461	8,965	158,734	239,085
2020-06-15	$26.22	$24.00	119.7%	34.3%	158.7%	30.0%	116.8%	19.8%	-3.6%	470.1K	-179.0M	-1.1M	0.43	18.54	12,358	5,343	159,238	241,172
2020-06-16	$27.88	$24.00	116.0%	33.3%	143.4%	28.7%	113.4%	19.4%	-3.2%	612.8K	-223.5M	-1.1M	0.29	22.46	12,484	3,677	160,719	240,960
2020-06-17	$25.80	$24.00	113.5%	32.5%	145.5%	27.9%	110.5%	19.4%	-1.1%	458.6K	-171.2M	-1.1M	0.39	17.86	8,437	3,303	161,192	241,416
2020-06-18	$26.28	$24.00	112.6%	32.3%	143.6%	27.6%	114.6%	18.3%	-1.3%	562.9K	-186.9M	-1.1M	0.46	24.19	6,069	2,814	162,730	242,134
2020-06-19	$25.56	$24.00	108.0%	31.0%	143.4%	26.0%	108.9%	15.6%	0.5%	598.1K	-169.7M	-1.0M	0.58	22.39	8,165	4,757	163,061	243,176
2020-06-22	$24.55	$24.00	105.8%	30.3%	145.0%	25.3%	111.7%	17.2%	4.9%	489.7K	-76.1M	-1.0M	1.09	25.82	4,665	5,087	118,176	172,206
2020-06-23	$24.45	$24.00	104.5%	30.0%	141.7%	24.8%	104.4%	19.4%	5.7%	474.6K	-72.4M	-1.0M	0.75	19.91	5,300	3,954	119,482	175,515
2020-06-24	$22.12	$24.00	107.5%	30.8%	136.6%	25.8%	111.4%	18.6%	4.2%	263.3K	-35.3M	-947.9K	1.17	21.29	3,982	4,646	120,584	176,748
2020-06-25	$22.15	$24.00	105.9%	30.4%	132.7%	25.3%	109.4%	18.4%	6.2%	248.0K	-35.8M	-953.7K	0.80	17.61	1,914	1,539	121,896	178,468
2020-06-26	$20.48	$24.00	115.5%	33.1%	133.6%	28.6%	113.4%	17.1%	1.9%	95.8K	-11.1M	-892.0K	2.35	19.66	2,785	6,538	121,932	178,735
2020-06-29	$22.55	$24.00	107.5%	30.8%	127.6%	25.8%	109.7%	20.5%	6.1%	275.9K	-40.2M	-944.6K	0.70	24.62	3,183	2,241	123,137	180,506
2020-06-30	$22.87	$24.00	105.8%	30.3%	126.7%	25.3%	111.2%	16.8%	7.0%	321.9K	-47.4M	-956.0K	1.18	28.67	1,639	1,934	124,211	181,559