CAR Options History — July 2021

In July 2021, CAR traded between $68.28 and $85.71. ATM implied volatility averaged 61.6%, placing in the 24.8% IV rank vs the trailing year. The 30-day expected move averaged 18.2%. IV traded above realized volatility by 3.8% (HV 20d: 57.8%). Max pain ranged from $77.50 to $85.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.02.

Notable Days

  • 2021-07-08: Highest Volume — 11,737 contracts
  • 2021-07-12: Largest IV spike — 12.1% change
  • 2021-07-27: Highest IV Rank — 46.3%
  • 2021-07-27: Largest Expected Move — 20.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$76.60$68.28$85.71$81.75$82.41
Max Pain$81.07$77.50$85.00$80.00$80.00
ATM IV61.6%50.7%71.2%51.3%67.2%
Expected Move18.2%14.5%20.4%14.7%19.3%
HV 20d57.8%51.2%63.1%58.7%60.5%
HV 60d56.5%53.4%58.5%53.4%58.4%
IV Rank24.8%3.9%46.3%4.6%41.7%
IV Percentile30.0%3.2%67.9%4.8%49.2%
Term Structure-3.2%-8.0%10.1%9.4%-6.6%
VWIV65.1%51.9%74.9%52.9%67.9%
Skew 25d2.5%0.5%7.4%2.2%2.4%
Skew 10d5.8%-0.4%14.8%6.5%6.4%
Call IV 25d63.8%51.7%70.3%51.8%67.0%
Put IV 25d66.4%53.7%74.2%54.0%69.5%
Bid-Ask Spread %56.6145.6561.2452.8960.95
Gamma HHI0.120.090.250.090.10
Net GEX5.8K-1.7M2.4M308.0K1.7M
Net DEX-86.1M-199.0M-12.3M-118.2M-163.9M
Net VEX-784.5K-863.1K-722.9K-760.0K-816.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.084.334.330.16
Total Volume4,560.811,12211,7379,5922,885
Total OI99,543.66789,373107,56489,373103,500

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-07-01$81.75$80.0051.3%14.7%58.7%4.6%52.9%2.2%9.4%308.0K-118.2M-760.0K4.3352.891,7987,79443,92545,448
2021-07-02$78.99$80.0050.7%14.5%59.6%3.9%51.9%2.1%10.1%-96.1K-93.5M-769.8K0.7554.952,7272,05044,91147,754
2021-07-06$77.64$85.0055.6%17.8%57.7%10.2%64.0%1.5%-2.6%-315.2K-80.8M-761.4K0.3947.331,82670746,23549,495
2021-07-07$74.83$85.0054.0%17.9%56.9%8.1%64.2%1.9%-2.4%-897.1K-52.9M-746.6K0.9554.661,7451,66546,45249,725
2021-07-08$70.37$85.0058.6%18.3%59.1%14.1%64.9%1.4%-3.5%-1.2M-12.3M-723.6K1.1153.685,5626,17546,58150,173
2021-07-09$74.17$85.0052.1%17.8%63.1%5.7%63.7%1.1%-2.3%-1.1M-47.0M-771.8K0.2555.082,58164447,44952,993
2021-07-12$74.16$82.5058.4%18.0%52.8%13.9%64.8%1.4%-3.3%-1.4M-45.9M-768.3K0.5057.9885742648,49154,263
2021-07-13$72.66$82.5059.7%18.1%52.2%15.6%64.6%2.0%-2.8%-1.6M-30.8M-741.2K0.2054.322,70055048,75054,403
2021-07-14$71.71$80.0060.8%17.4%52.2%18.2%64.0%2.7%-1.6%-1.7M-23.4M-739.1K1.6059.691,6782,68350,77354,682
2021-07-15$73.60$80.0062.7%18.0%53.5%26.2%63.0%2.8%-4.2%-940.2K-38.4M-771.5K1.9160.4838673650,81656,748
2021-07-16$71.31$80.0061.5%17.6%51.2%24.2%65.6%3.7%-3.4%-180.9K-24.9M-745.2K3.8561.001,4255,48150,82756,448
2021-07-19$68.28$80.0068.5%19.6%52.4%37.5%74.9%7.4%-6.0%-482.5K-24.7M-722.9K2.2245.652,6085,79640,53250,214
2021-07-20$74.22$80.0064.8%18.6%61.1%31.8%67.4%1.7%-6.9%5.4K-75.0M-785.6K0.2360.463,47079542,26152,117
2021-07-21$77.56$77.5064.6%18.5%62.5%31.6%65.6%3.1%-4.9%488.7K-109.7M-825.3K0.2556.846,9031,72844,31953,161
2021-07-22$77.65$80.0065.4%18.7%60.3%33.8%66.2%3.0%-5.4%693.0K-111.6M-838.6K0.0858.211,87414446,69953,138
2021-07-23$79.21$80.0066.5%19.1%60.7%35.8%67.3%2.3%-6.5%964.1K-128.1M-863.1K0.9058.3885376947,27153,398
2021-07-26$80.69$80.0066.4%19.0%60.6%36.7%68.2%0.5%-4.4%1.2M-142.2M-828.7K0.5559.8886647747,27153,397
2021-07-27$80.03$80.0071.2%20.4%59.1%46.3%70.7%3.8%-8.0%1.0M-135.2M-834.8K0.1056.762,73227547,31353,895
2021-07-28$81.57$80.0068.3%19.6%59.3%42.8%69.6%3.2%-6.7%1.3M-150.7M-824.3K0.7061.241,02171947,67253,834
2021-07-29$85.71$80.0065.4%18.7%61.2%37.8%66.5%3.2%-5.3%2.4M-199.0M-835.8K0.4858.416,5143,15249,09953,984
2021-07-30$82.41$80.0067.2%19.3%60.5%41.7%67.9%2.4%-6.6%1.7M-163.9M-816.1K0.1660.952,47740849,10454,396