CAR Options History — August 2020

In August 2020, CAR traded between $25.41 and $35.33. ATM implied volatility averaged 74.0%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 21.2%. IV traded above realized volatility by 13.2% (HV 20d: 60.8%). Max pain ranged from $24.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.68.

Notable Days

  • 2020-08-05: Highest Volume — 38,105 contracts
  • 2020-08-10: Largest IV spike — 8.8% change
  • 2020-08-11: Highest IV Rank — 17.2%
  • 2020-08-11: Largest Expected Move — 23.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.28$25.41$35.33$25.56$34.48
Max Pain$29.14$24.00$30.00$24.00$30.00
ATM IV74.0%65.9%86.5%79.6%70.2%
Expected Move21.2%18.9%23.8%22.8%20.1%
HV 20d60.8%55.4%68.3%68.3%56.1%
HV 60d106.7%86.4%128.2%128.2%86.4%
IV Rank13.0%10.1%17.2%14.9%11.6%
IV Percentile52.5%45.6%59.5%57.5%49.6%
Term Structure3.2%-1.1%7.1%1.5%3.6%
VWIV74.4%66.3%82.5%77.7%70.0%
Skew 25d6.9%5.2%10.3%8.0%6.4%
Skew 10d14.3%8.5%30.1%15.5%12.2%
Call IV 25d70.8%64.2%79.7%75.9%67.4%
Put IV 25d77.7%69.7%86.5%83.9%73.8%
Bid-Ask Spread %14.069.3921.959.919.47
Gamma HHI0.150.080.850.100.08
Net GEX2.6M640.7K19.7M656.6K1.0M
Net DEX-177.5M-256.8M-50.9M-57.1M-178.0M
Net VEX-960.4K-1.0M-854.7K-854.7K-946.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.121.961.110.95
Total Volume10,127.7141,56938,10513,2322,215
Total OI311,525.952236,678354,932316,134244,575

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-08-03$25.56$24.0079.6%22.8%68.3%14.9%77.7%8.0%1.5%656.6K-57.1M-854.7K1.119.916,2756,957135,660180,474
2020-08-04$25.41$24.0079.2%22.7%65.7%14.7%80.8%6.7%0.7%640.7K-50.9M-878.4K0.1914.382,050380139,129185,435
2020-08-05$28.23$24.0080.3%23.0%66.6%15.1%80.7%5.2%-1.1%1.1M-119.1M-924.1K0.3811.2727,70010,405138,299183,098
2020-08-06$28.40$30.0075.3%22.1%63.9%13.4%78.0%9.7%2.1%1.5M-136.8M-1.0M0.1216.857,307861151,474190,340
2020-08-07$28.09$30.0074.7%22.1%62.2%13.2%76.3%10.3%3.1%1.3M-126.7M-960.3K0.2812.342,834798150,300188,890
2020-08-10$29.98$30.0081.3%22.7%65.6%15.5%81.2%9.3%0.5%1.7M-183.5M-976.0K0.2417.7716,4963,977150,314188,905
2020-08-11$31.91$30.0086.5%23.8%68.1%17.2%82.5%6.8%0.6%2.4M-232.8M-1.0M0.2714.5429,6347,917150,000189,503
2020-08-12$31.62$30.0080.2%23.0%60.3%15.1%79.9%8.2%0.0%2.6M-227.9M-1.0M0.3718.5711,2204,129157,329191,282
2020-08-13$31.13$30.0077.5%22.2%59.5%14.2%77.5%7.5%2.4%2.3M-204.4M-1.0M0.4221.954,0191,698152,071190,614
2020-08-14$31.26$30.0077.8%22.3%59.4%14.2%79.2%6.8%3.0%2.4M-208.3M-1.0M0.9017.58886795153,054190,990
2020-08-17$30.98$30.0075.3%21.6%58.4%13.4%76.7%6.4%3.8%2.6M-204.0M-951.6K0.7115.53919650155,603191,098
2020-08-18$31.63$30.0074.0%21.2%58.7%12.9%75.5%6.7%2.8%3.1M-216.6M-947.4K0.3016.091,589484153,687191,212
2020-08-19$32.78$30.0072.1%20.7%59.2%12.3%73.5%5.7%4.0%3.7M-256.8M-940.6K0.4815.577,8493,771153,512191,391
2020-08-20$32.98$30.0068.8%19.7%57.9%11.2%69.2%5.7%4.9%3.4M-254.8M-926.6K1.9612.304,4258,688152,619193,759
2020-08-21$32.06$30.0067.9%19.5%59.0%10.8%66.9%5.3%5.9%19.7M-226.3M-950.2K0.5613.126,3743,587155,056199,876
2020-08-24$33.84$30.0068.1%19.5%60.0%10.9%67.5%6.5%5.4%928.5K-163.1M-978.5K0.4711.707,0913,303100,825135,853
2020-08-25$33.85$30.0065.9%18.9%57.7%10.1%67.8%5.8%5.7%964.2K-164.6M-978.6K1.4112.842,7373,859102,030137,240
2020-08-26$33.19$30.0067.1%19.2%58.6%10.6%66.8%6.3%5.9%826.6K-149.8M-971.6K1.109.391,2141,339102,238139,508
2020-08-27$34.14$30.0065.9%18.9%56.9%10.1%66.3%5.2%7.1%998.7K-171.4M-969.0K1.2711.938781,115102,854139,124
2020-08-28$35.33$30.0067.1%19.2%55.4%10.6%67.7%6.0%5.0%1.1M-194.9M-958.0K0.7212.222,4701,787103,059139,765
2020-08-31$34.48$30.0070.2%20.1%56.1%11.6%70.0%6.4%3.6%1.0M-178.0M-946.9K0.959.471,1341,081103,764140,811