CAR Options History — April 2021

In April 2021, CAR traded between $74.06 and $89.11. ATM implied volatility averaged 61.6%, placing in the 7.8% IV rank vs the trailing year. The 30-day expected move averaged 18.5%. IV traded above realized volatility by 15.5% (HV 20d: 46.1%). Max pain ranged from $60.00 to $67.50. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 1.85.

Notable Days

  • 2021-04-14: Highest Volume — 8,070 contracts
  • 2021-04-12: Largest IV spike — 14.3% change
  • 2021-04-29: Highest IV Rank — 13.0%
  • 2021-04-29: Largest Expected Move — 19.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$79.55$74.06$89.11$74.06$89.11
Max Pain$64.40$60.00$67.50$65.00$67.50
ATM IV61.6%49.4%67.8%57.3%67.0%
Expected Move18.5%16.4%19.5%16.4%19.2%
HV 20d46.1%34.2%59.2%59.2%34.3%
HV 60d56.4%52.8%59.1%59.1%52.8%
IV Rank7.8%0.0%13.0%1.4%12.4%
IV Percentile10.2%0.0%28.6%0.8%23.4%
Term Structure-4.2%-9.2%10.6%10.6%-8.6%
VWIV67.1%60.4%72.3%60.4%70.2%
Skew 25d3.8%1.3%6.6%1.3%3.4%
Skew 10d9.1%5.0%11.9%5.0%8.5%
Call IV 25d63.2%57.2%66.9%57.2%66.9%
Put IV 25d67.0%58.5%71.1%58.5%70.3%
Bid-Ask Spread %55.0324.6167.7267.7258.72
Gamma HHI0.100.090.130.100.10
Net GEX371.0K-389.8K801.2K261.4K538.8K
Net DEX-167.6M-197.9M-123.3M-150.8M-197.9M
Net VEX-581.4K-650.2K-528.8K-650.2K-528.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.850.574.664.662.84
Total Volume2,340.5249298,0701,8341,578
Total OI79,907.04872,58085,94481,63978,230

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-04-01$74.06$65.0057.3%16.4%59.2%1.4%60.4%1.3%10.6%261.4K-150.8M-650.2K4.6667.723241,51033,38148,258
2021-04-05$75.00$60.0063.0%19.3%58.8%5.6%72.3%6.6%-1.7%277.6K-156.2M-634.0K0.5757.8874942533,48348,958
2021-04-06$75.16$60.0057.9%19.0%56.5%1.9%67.3%3.8%-3.1%349.6K-159.8M-620.3K0.8949.901,10898633,56449,222
2021-04-07$75.43$60.0053.6%18.5%53.5%0.0%67.5%3.3%-2.5%468.8K-164.2M-609.4K3.8548.463331,28333,95249,845
2021-04-08$74.25$60.0050.9%18.1%53.1%0.0%65.7%3.7%-2.9%388.4K-157.3M-604.2K1.6358.827681,25034,07850,403
2021-04-09$76.52$60.0049.4%17.7%53.1%0.0%66.7%3.4%-2.4%658.9K-172.7M-594.5K2.0354.971,0492,12634,19550,832
2021-04-12$76.94$60.0056.5%18.0%52.4%5.0%68.3%4.8%-3.5%751.2K-176.8M-562.9K2.6253.745891,54134,09550,406
2021-04-13$75.62$60.0057.9%18.3%51.0%6.0%66.8%3.5%-3.1%657.1K-166.4M-586.6K1.0254.002,7972,84534,31050,790
2021-04-14$77.35$60.0062.4%17.9%41.1%9.2%66.4%3.5%-3.2%801.2K-178.0M-582.0K2.0062.322,6905,38034,55451,390
2021-04-15$78.06$65.0062.8%18.0%39.8%9.5%64.7%3.4%-3.4%624.5K-166.1M-577.9K0.8454.8792877732,76151,243
2021-04-16$79.28$67.5061.4%17.6%38.5%8.5%62.8%3.5%-2.6%408.2K-171.7M-571.1K1.3361.951,0081,34532,61752,481
2021-04-19$77.93$67.5064.0%18.3%39.5%10.3%64.7%4.4%-4.1%-182.9K-141.5M-583.6K1.1056.7644248728,13644,444
2021-04-20$74.77$67.5066.1%18.9%43.0%11.8%67.1%4.7%-5.9%-389.8K-123.3M-605.4K0.9058.4999389028,42044,518
2021-04-21$78.24$67.5065.3%18.7%43.8%11.3%66.5%4.0%-6.2%-132.6K-144.1M-579.4K1.0559.5455158028,75944,777
2021-04-22$79.78$67.5065.2%18.7%43.8%11.1%67.1%3.4%-6.2%26.1K-153.7M-574.2K2.3436.285441,27429,04545,109
2021-04-23$83.28$67.5063.8%18.3%45.4%10.2%65.8%4.6%-5.3%265.9K-170.6M-573.4K1.0753.8279485329,22045,570
2021-04-26$85.56$67.5066.8%19.1%45.1%12.3%68.1%3.6%-7.7%401.0K-184.0M-548.5K0.7160.701,22986729,39646,032
2021-04-27$87.91$67.5066.9%19.2%45.4%12.3%70.0%4.2%-8.2%564.3K-196.0M-541.2K2.1424.618691,85829,88046,411
2021-04-28$88.44$67.5066.8%19.2%35.8%12.3%72.0%3.9%-8.1%534.8K-196.2M-537.9K3.5459.483321,17429,84347,769
2021-04-29$87.80$67.5067.8%19.5%34.2%13.0%69.5%3.4%-9.2%519.1K-192.8M-544.5K1.7162.657471,27829,95647,715
2021-04-30$89.11$67.5067.0%19.2%34.3%12.4%70.2%3.4%-8.6%538.8K-197.9M-528.8K2.8458.724111,16729,84448,386