CAR Options History — November 2021

In November 2021, CAR traded between $171.70 and $353.49. ATM implied volatility averaged 115.6%, placing in the 43.0% IV rank vs the trailing year. The 30-day expected move averaged 33.2%. IV traded below realized volatility by 150.3% (HV 20d: 265.9%). Max pain ranged from $140.00 to $180.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 1.43.

Notable Days

2021-11-02: Highest Volume — 137,031 contracts
2021-11-02: Largest IV spike — 107.0% change
2021-11-02: Highest IV Rank — 100.0%
2021-11-02: Largest Expected Move — 62.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$282.24	$171.70	$353.49	$171.70	$279.70
Max Pain	$175.24	$140.00	$180.00	$140.00	$180.00
ATM IV	115.6%	91.7%	217.6%	105.1%	98.3%
Expected Move	33.2%	26.6%	62.4%	30.1%	29.3%
HV 20d	265.9%	56.1%	283.3%	56.1%	283.3%
HV 60d	159.6%	56.5%	168.3%	56.5%	168.3%
IV Rank	43.0%	25.9%	100.0%	97.0%	29.8%
IV Percentile	96.3%	88.9%	100.0%	99.6%	93.7%
Term Structure	-6.3%	-45.9%	4.7%	-21.3%	0.8%
VWIV	118.9%	96.2%	212.2%	108.9%	105.1%
Skew 25d	-9.7%	-22.4%	6.4%	6.4%	-2.8%
Skew 10d	-18.8%	-40.5%	11.9%	11.9%	-6.5%
Call IV 25d	121.9%	98.3%	216.1%	103.0%	101.0%
Put IV 25d	112.2%	89.8%	212.2%	109.3%	98.3%
Bid-Ask Spread %	24.97	15.86	44.16	19.80	44.16
Gamma HHI	0.05	0.03	0.09	0.06	0.05
Net GEX	1.4M	-1.1M	4.3M	973.0K	156.4K
Net DEX	-1.53B	-2.39B	-699.3M	-699.3M	-1.03B
Net VEX	-1.7M	-2.1M	-1.3M	-1.8M	-1.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.43	0.77	3.71	2.00	1.39
Total Volume	25,987.857	9,777	137,031	22,988	14,227
Total OI	221,482.048	136,516	277,542	177,752	142,736

Daily Data (21 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
2021-11-01	$171.70	$140.00	105.1%	30.1%	56.1%	97.0%	108.9%	6.4%	-21.3%	973.0K	-699.3M	-1.8M	2.00	19.80	7,659	15,329	71,014	106,738
2021-11-02	$353.49	$140.00	217.6%	62.4%	256.7%	100.0%	212.2%	-3.9%	-45.9%	1.3M	-2.39B	-1.3M	3.71	24.45	29,086	107,945	72,142	112,203
2021-11-03	$298.42	$160.00	151.5%	43.4%	267.9%	61.1%	153.2%	-7.8%	-22.8%	830.8K	-1.97B	-1.7M	2.08	15.86	19,318	40,258	78,718	155,613
2021-11-04	$273.51	$180.00	125.8%	32.3%	271.0%	46.0%	112.0%	-7.0%	-4.1%	623.2K	-1.73B	-1.9M	1.86	22.18	12,232	22,774	83,595	163,745
2021-11-05	$299.38	$180.00	140.7%	37.4%	271.0%	54.8%	132.2%	-9.3%	-12.8%	1.6M	-2.02B	-1.8M	1.29	19.09	11,090	14,331	86,006	167,187
2021-11-08	$292.13	$180.00	135.5%	40.2%	272.0%	51.7%	144.8%	-22.4%	-13.9%	2.0M	-1.94B	-1.9M	1.14	19.68	13,245	15,154	88,299	167,795
2021-11-09	$252.77	$180.00	120.1%	37.6%	279.0%	42.6%	134.6%	-19.8%	-13.0%	207.6K	-1.39B	-2.1M	1.56	21.15	13,167	20,575	89,368	170,640
2021-11-10	$253.02	$180.00	125.3%	35.9%	278.6%	45.7%	127.9%	-15.8%	-11.9%	-1.1M	-1.36B	-2.1M	1.04	20.23	8,650	8,991	89,840	178,080
2021-11-11	$271.29	$180.00	118.9%	34.3%	278.4%	41.9%	122.5%	-7.2%	0.7%	583.0K	-1.59B	-2.0M	0.77	21.64	7,990	6,173	90,997	178,581
2021-11-12	$266.46	$180.00	109.1%	31.5%	278.9%	36.1%	112.3%	-8.2%	0.4%	150.1K	-1.53B	-1.9M	0.84	20.84	8,970	7,541	91,220	178,492
2021-11-15	$272.65	$180.00	100.7%	29.0%	278.8%	31.2%	105.0%	-12.7%	4.4%	1.4M	-1.61B	-1.7M	1.41	22.71	5,967	8,408	92,935	179,440
2021-11-16	$280.73	$180.00	96.3%	27.7%	278.6%	28.6%	101.9%	-13.9%	3.6%	3.3M	-1.72B	-1.6M	1.56	18.34	6,218	9,708	93,651	181,408
2021-11-17	$275.77	$180.00	97.0%	27.8%	279.1%	29.0%	103.7%	-12.0%	3.6%	1.4M	-1.65B	-1.6M	0.86	24.88	6,877	5,912	94,301	183,241
2021-11-18	$277.29	$180.00	94.9%	27.2%	279.1%	27.8%	99.9%	-12.4%	0.2%	1.5M	-1.60B	-1.6M	0.81	23.34	7,249	5,892	92,701	183,686
2021-11-19	$284.97	$180.00	93.6%	26.6%	279.0%	27.0%	96.2%	-12.3%	2.1%	4.3M	-1.69B	-1.5M	1.16	28.94	8,655	10,010	92,974	183,666
2021-11-22	$305.28	$180.00	99.2%	28.6%	279.2%	30.3%	103.6%	-11.7%	-2.6%	3.3M	-1.28B	-1.5M	1.35	21.45	8,862	11,937	56,856	79,660
2021-11-23	$310.31	$180.00	103.0%	29.4%	278.2%	32.5%	105.9%	-5.9%	-2.5%	1.8M	-1.31B	-1.6M	1.24	31.58	4,356	5,421	59,785	82,507
2021-11-24	$313.11	$180.00	99.1%	28.8%	277.7%	30.2%	104.8%	-11.4%	-1.1%	2.1M	-1.35B	-1.5M	1.20	28.32	5,114	6,140	60,301	83,693
2021-11-26	$289.65	$180.00	103.3%	30.6%	280.4%	32.7%	112.2%	-5.1%	-1.4%	245.2K	-1.11B	-1.6M	1.49	35.31	5,376	8,008	61,227	85,103
2021-11-29	$305.51	$180.00	91.7%	27.6%	280.5%	25.9%	98.5%	-8.5%	4.7%	3.3M	-1.26B	-1.4M	1.33	40.45	4,700	6,230	58,529	82,450
2021-11-30	$279.70	$180.00	98.3%	29.3%	283.3%	29.8%	105.1%	-2.8%	0.8%	156.4K	-1.03B	-1.4M	1.39	44.16	5,947	8,280	59,593	83,143