CAR Options History — December 2021

In December 2021, CAR traded between $206.33 and $270.69. ATM implied volatility averaged 84.5%, placing in the 21.6% IV rank vs the trailing year. The 30-day expected move averaged 24.3%. IV traded above realized volatility by 6.8% (HV 20d: 77.6%). Max pain ranged from $100.00 to $180.00. Net GEX was positive for 1 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.92.

Notable Days

2021-12-14: Highest Volume — 27,762 contracts
2021-12-03: Largest IV spike — 11.3% change
2021-12-03: Highest IV Rank — 37.0%
2021-12-03: Largest Expected Move — 34.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$231.66	$206.33	$270.69	$253.75	$207.34
Max Pain	$147.95	$100.00	$180.00	$180.00	$160.00
ATM IV	84.5%	70.6%	110.6%	105.4%	72.7%
Expected Move	24.3%	19.5%	34.0%	32.8%	19.5%
HV 20d	77.6%	45.3%	114.8%	114.8%	45.3%
HV 60d	169.7%	169.2%	170.2%	170.0%	169.5%
IV Rank	21.6%	13.5%	37.0%	33.9%	14.7%
IV Percentile	81.2%	67.1%	96.8%	96.0%	73.0%
Term Structure	1.0%	-3.6%	4.7%	-1.5%	0.0%
VWIV	87.0%	62.8%	122.2%	115.7%	62.8%
Skew 25d	0.2%	-4.1%	3.4%	-1.7%	0.3%
Skew 10d	2.7%	-4.7%	9.6%	-3.0%	1.7%
Call IV 25d	85.9%	70.5%	112.7%	107.1%	73.2%
Put IV 25d	86.0%	72.3%	109.4%	105.4%	73.5%
Bid-Ask Spread %	52.57	39.36	61.00	40.91	49.05
Gamma HHI	0.11	0.05	0.20	0.05	0.15
Net GEX	-2.1M	-8.5M	523.1K	-2.8M	-1.0M
Net DEX	-548.6M	-913.3M	-264.2M	-765.8M	-267.8M
Net VEX	-1.4M	-1.6M	-1.2M	-1.6M	-1.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.92	0.51	1.80	1.42	0.64
Total Volume	12,662.5	9,682	27,762	14,091	11,841
Total OI	131,653.455	105,589	155,966	145,215	110,183

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
2021-12-01	$253.75	$180.00	105.4%	32.8%	114.8%	33.9%	115.7%	-1.7%	-1.5%	-2.8M	-765.8M	-1.6M	1.42	40.91	5,820	8,271	60,525	84,690
2021-12-02	$270.69	$180.00	99.4%	29.4%	103.0%	30.4%	109.7%	-4.1%	0.9%	-2.9M	-913.3M	-1.6M	1.27	42.77	7,091	9,013	61,170	87,247
2021-12-03	$260.11	$180.00	110.6%	34.0%	99.3%	37.0%	122.2%	-3.3%	-0.3%	-152.1K	-806.3M	-1.6M	1.80	46.78	5,566	10,016	62,504	87,988
2021-12-06	$266.42	$100.00	106.0%	29.9%	93.7%	34.3%	108.9%	-1.0%	-0.3%	-958.3K	-905.2M	-1.5M	1.23	39.36	4,559	5,599	57,500	86,593
2021-12-07	$252.90	$100.00	96.7%	27.5%	94.9%	28.8%	100.1%	0.1%	2.3%	-2.7M	-793.9M	-1.4M	1.21	46.24	4,376	5,306	58,341	87,053
2021-12-08	$250.21	$100.00	92.7%	27.0%	79.9%	26.5%	97.1%	-2.0%	3.1%	-3.2M	-773.0M	-1.4M	1.20	54.52	4,624	5,530	59,182	87,348
2021-12-09	$246.59	$100.00	92.0%	26.5%	80.0%	26.1%	95.3%	-2.3%	-0.3%	-4.2M	-737.4M	-1.3M	1.77	59.19	3,593	6,360	59,246	87,960
2021-12-10	$242.97	$100.00	85.5%	25.0%	75.6%	22.2%	90.9%	-0.0%	3.6%	-8.5M	-699.2M	-1.3M	0.80	56.29	6,198	4,943	59,515	88,630
2021-12-13	$235.88	$115.00	84.1%	23.9%	75.9%	21.4%	83.8%	3.1%	-1.3%	-3.0M	-627.3M	-1.2M	0.96	57.19	9,522	9,113	54,747	85,443
2021-12-14	$226.00	$135.00	84.6%	24.1%	76.2%	21.7%	84.3%	1.9%	-1.2%	-3.2M	-553.1M	-1.4M	0.96	57.42	14,196	13,566	58,597	88,298
2021-12-15	$225.89	$160.00	83.9%	23.7%	74.9%	21.3%	87.1%	0.2%	0.5%	-3.1M	-522.7M	-1.5M	0.55	60.37	9,953	5,444	61,156	90,433
2021-12-16	$215.80	$160.00	82.3%	22.9%	75.9%	20.4%	84.6%	2.5%	-3.6%	-3.1M	-468.0M	-1.5M	0.84	61.00	5,981	5,005	63,443	91,940
2021-12-17	$217.22	$160.00	79.2%	22.5%	75.9%	18.6%	84.0%	1.4%	-1.1%	523.1K	-483.9M	-1.4M	0.77	59.01	6,328	4,879	63,968	91,998
2021-12-20	$211.75	$160.00	78.3%	22.3%	74.6%	18.0%	80.4%	1.4%	1.7%	-959.6K	-320.5M	-1.4M	0.59	50.83	6,274	3,733	41,037	64,552
2021-12-21	$223.73	$160.00	73.9%	21.1%	72.7%	15.4%	75.8%	0.3%	2.5%	-254.3K	-412.3M	-1.4M	0.52	50.57	7,473	3,894	41,768	64,756
2021-12-22	$216.34	$165.00	70.7%	20.3%	71.9%	13.5%	72.9%	1.3%	1.4%	-535.1K	-349.2M	-1.3M	0.51	51.48	6,970	3,523	42,704	65,077
2021-12-23	$223.66	$165.00	70.7%	20.2%	73.6%	13.5%	72.8%	0.3%	2.8%	-798.9K	-417.4M	-1.4M	0.56	50.46	7,653	4,280	42,924	65,373
2021-12-27	$222.47	$165.00	74.0%	20.9%	70.1%	15.5%	75.8%	-1.1%	2.5%	-792.4K	-398.2M	-1.3M	0.58	52.72	6,670	3,862	41,194	65,274
2021-12-28	$214.00	$170.00	72.4%	20.6%	66.0%	14.5%	73.7%	1.4%	3.5%	-1.2M	-325.4M	-1.3M	0.58	52.66	6,486	3,783	42,126	65,766
2021-12-29	$206.45	$170.00	72.8%	20.1%	61.0%	14.8%	72.4%	1.5%	1.4%	-1.5M	-266.1M	-1.2M	0.63	59.69	6,177	3,877	42,646	66,037
2021-12-30	$206.33	$170.00	70.6%	20.0%	52.8%	13.5%	64.5%	3.4%	4.7%	-1.4M	-264.2M	-1.2M	0.90	58.13	5,895	5,332	43,069	66,375
2021-12-31	$207.34	$160.00	72.7%	19.5%	45.3%	14.7%	62.8%	0.3%	0.0%	-1.0M	-267.8M	-1.2M	0.64	49.05	7,239	4,602	43,110	67,073