CAR Options History — July 2020

In July 2020, CAR traded between $22.48 and $30.99. ATM implied volatility averaged 100.1%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 28.4%. IV traded below realized volatility by 1.8% (HV 20d: 101.9%). Max pain ranged from $19.00 to $25.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.78.

Notable Days

2020-07-02: Highest Volume — 29,738 contracts
2020-07-29: Largest IV drop — 20.0% change
2020-07-13: Highest IV Rank — 30.5%
2020-07-14: Largest Expected Move — 32.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.85	$22.48	$30.99	$22.48	$25.95
Max Pain	$21.23	$19.00	$25.00	$24.00	$25.00
ATM IV	100.1%	75.5%	124.8%	98.8%	77.5%
Expected Move	28.4%	21.6%	32.2%	28.3%	22.2%
HV 20d	101.9%	69.4%	125.5%	114.5%	69.4%
HV 60d	137.4%	128.2%	142.5%	142.5%	128.2%
IV Rank	22.2%	13.5%	30.5%	22.9%	14.2%
IV Percentile	66.3%	56.7%	79.8%	67.9%	57.1%
Term Structure	-4.8%	-12.7%	12.4%	12.4%	1.6%
VWIV	97.5%	75.1%	109.6%	98.9%	75.1%
Skew 25d	13.7%	8.2%	19.9%	17.5%	8.2%
Skew 10d	25.9%	14.4%	37.7%	31.9%	16.2%
Call IV 25d	92.0%	71.0%	103.2%	92.6%	73.5%
Put IV 25d	105.6%	79.3%	119.2%	110.2%	81.7%
Bid-Ask Spread %	22.06	11.36	35.72	15.01	19.64
Gamma HHI	0.08	0.07	0.10	0.07	0.08
Net GEX	1.1M	325.0K	1.8M	325.0K	650.7K
Net DEX	-127.8M	-209.0M	-39.4M	-39.4M	-64.5M
Net VEX	-988.0K	-1.1M	-873.6K	-921.1K	-873.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.78	0.28	1.82	0.60	0.68
Total Volume	11,137.409	2,511	29,738	3,852	18,070
Total OI	310,155.273	289,442	328,725	305,773	315,420

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
2020-07-01	$22.48	$24.00	98.8%	28.3%	114.5%	22.9%	98.9%	17.5%	12.4%	325.0K	-39.4M	-921.1K	0.60	15.01	2,408	1,444	124,623	181,150
2020-07-02	$25.93	$24.00	95.9%	27.5%	125.5%	21.9%	95.9%	15.7%	7.5%	761.6K	-101.4M	-1.0M	0.99	16.08	14,937	14,801	124,584	181,146
2020-07-06	$26.88	$19.00	103.1%	29.5%	121.0%	24.4%	102.7%	19.5%	-5.9%	898.6K	-114.2M	-1.0M	1.82	18.58	5,390	9,795	128,001	185,709
2020-07-07	$25.49	$19.00	107.4%	30.5%	120.9%	25.3%	105.5%	19.9%	-9.1%	711.0K	-87.9M	-989.7K	1.29	25.72	1,762	2,273	128,603	186,417
2020-07-08	$28.19	$19.00	107.9%	30.2%	122.3%	25.5%	104.6%	16.9%	-7.4%	1.1M	-141.2M	-1.0M	1.08	19.62	6,417	6,955	128,964	186,009
2020-07-09	$26.81	$19.00	106.0%	30.5%	121.4%	24.0%	109.6%	18.8%	-6.8%	915.6K	-117.5M	-1.0M	1.57	22.96	3,648	5,744	130,567	185,440
2020-07-10	$28.01	$19.00	104.2%	31.0%	106.8%	23.4%	104.3%	18.0%	-9.1%	1.2M	-140.9M	-1.0M	0.66	22.77	4,387	2,879	131,754	186,603
2020-07-13	$27.38	$19.00	124.8%	31.9%	101.8%	30.5%	106.9%	16.9%	-10.6%	1.1M	-129.1M	-999.2K	0.43	20.76	10,481	4,505	132,753	186,816
2020-07-14	$28.28	$19.00	119.6%	32.2%	102.2%	28.7%	104.7%	16.0%	-12.7%	1.2M	-149.7M	-1.0M	0.55	22.23	5,159	2,856	135,393	188,883
2020-07-15	$30.99	$19.00	104.7%	30.0%	105.0%	23.6%	103.2%	16.7%	-7.5%	1.8M	-209.0M	-1.0M	0.76	19.41	11,522	8,745	136,259	188,880
2020-07-16	$30.07	$20.00	104.8%	30.0%	101.3%	23.6%	103.8%	16.5%	-6.7%	1.6M	-183.4M	-1.1M	0.77	23.30	2,737	2,103	136,489	192,236
2020-07-17	$29.82	$20.00	103.2%	29.6%	101.4%	23.0%	99.3%	9.7%	-6.6%	1.7M	-178.0M	-1.0M	0.41	23.92	6,441	2,627	135,744	192,640
2020-07-20	$28.95	$21.00	101.2%	29.0%	101.5%	22.3%	100.7%	10.5%	-7.5%	1.2M	-138.6M	-996.0K	1.11	18.92	1,965	2,181	123,134	166,308
2020-07-21	$28.97	$22.00	101.3%	29.0%	100.0%	22.4%	98.9%	9.5%	-8.0%	1.2M	-140.3M	-997.9K	0.28	25.32	3,930	1,120	123,887	166,623
2020-07-22	$29.78	$22.00	98.2%	28.2%	100.1%	21.3%	98.1%	10.4%	-5.7%	1.3M	-155.3M	-1.0M	0.33	26.45	1,975	646	125,991	166,657
2020-07-23	$28.96	$22.00	100.1%	28.7%	92.6%	22.0%	97.3%	10.6%	-7.1%	1.3M	-139.9M	-982.8K	0.46	29.77	1,718	793	126,127	166,803
2020-07-24	$29.47	$22.00	97.1%	27.8%	92.5%	20.9%	94.6%	11.4%	-6.3%	1.4M	-150.9M	-984.7K	0.48	31.88	12,348	5,925	126,806	167,386
2020-07-27	$28.57	$22.00	98.6%	28.3%	87.6%	21.4%	95.1%	10.0%	-8.2%	1.3M	-132.6M	-981.3K	0.28	35.72	12,209	3,478	131,380	172,054
2020-07-28	$27.55	$22.00	95.8%	27.5%	84.2%	20.5%	94.7%	10.7%	-5.9%	1.2M	-112.1M	-945.2K	0.85	15.86	7,434	6,317	132,989	172,621
2020-07-29	$27.52	$24.00	76.6%	22.0%	84.3%	13.8%	75.4%	8.9%	2.6%	1.1M	-105.3M	-915.3K	1.13	19.94	8,421	9,522	134,846	175,808
2020-07-30	$26.66	$25.00	75.5%	21.6%	85.1%	13.5%	75.2%	8.3%	1.3%	761.3K	-81.5M	-893.4K	0.72	11.36	4,040	2,915	134,731	178,182
2020-07-31	$25.95	$25.00	77.5%	22.2%	69.4%	14.2%	75.1%	8.2%	1.6%	650.7K	-64.5M	-873.6K	0.68	19.64	10,757	7,313	135,773	179,647