CAR Options History — February 2022

In February 2022, CAR traded between $150.25 and $200.28. ATM implied volatility averaged 91.4%, placing in the 25.7% IV rank vs the trailing year. The 30-day expected move averaged 26.0%. IV traded above realized volatility by 24.2% (HV 20d: 67.3%). Max pain ranged from $165.00 to $195.00. Net GEX was positive for 3 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 2.05.

Notable Days

  • 2022-02-14: Highest Volume — 28,698 contracts
  • 2022-02-15: Largest IV drop — 34.1% change
  • 2022-02-14: Highest IV Rank — 39.4%
  • 2022-02-02: Largest Expected Move — 35.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$176.82$150.25$200.28$177.49$184.31
Max Pain$177.11$165.00$195.00$190.00$165.00
ATM IV91.4%73.4%114.6%103.8%79.0%
Expected Move26.0%21.0%35.5%35.3%22.7%
HV 20d67.3%41.1%97.1%41.1%97.0%
HV 60d63.3%56.0%68.8%66.3%66.2%
IV Rank25.7%15.1%39.4%33.0%18.4%
IV Percentile83.4%70.2%96.8%91.7%76.2%
Term Structure-3.9%-11.9%0.9%-6.1%-2.0%
VWIV93.3%73.6%128.2%125.1%77.1%
Skew 25d3.9%-1.8%9.7%5.6%5.4%
Skew 10d6.4%-3.1%17.4%9.2%5.0%
Call IV 25d91.1%73.3%116.8%100.1%75.9%
Put IV 25d94.9%75.8%116.7%105.7%81.3%
Bid-Ask Spread %38.7615.7062.2762.2747.94
Gamma HHI0.090.050.340.080.07
Net GEX-254.9K-1.5M1.2M-365.4K-178.2K
Net DEX-25.6M-145.0M119.9M-30.6M-113.3M
Net VEX-849.6K-962.1K-654.4K-962.1K-818.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.050.533.943.032.42
Total Volume13,087.4748,78528,6989,4898,785
Total OI57,621.84244,10175,54854,86044,101

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-02-01$177.49$190.00103.8%35.3%41.1%33.0%125.1%5.6%-6.1%-365.4K-30.6M-962.1K3.0362.272,3547,13521,64033,220
2022-02-02$179.89$190.00101.9%35.5%41.6%31.9%128.2%5.4%-3.1%-136.4K-46.7M-957.0K3.9461.582,1788,57321,97933,642
2022-02-03$174.58$180.00103.9%27.5%41.2%33.1%104.3%5.1%-5.0%-251.8K-23.8M-943.2K3.6830.582,3608,68622,00034,132
2022-02-04$180.37$180.00102.8%26.5%42.3%32.4%103.9%5.4%-5.5%149.3K-46.6M-932.4K2.4625.923,2407,97522,04534,134
2022-02-07$188.66$170.00103.3%27.3%45.9%32.7%102.5%7.0%-8.0%-353.9K-81.6M-919.4K2.6715.702,7587,35321,27733,619
2022-02-08$187.48$175.00103.5%27.6%45.8%32.8%101.7%3.7%-6.4%-346.8K-74.0M-921.2K2.4915.762,7636,88122,03634,773
2022-02-09$200.28$175.00102.8%27.8%51.7%32.4%101.1%4.0%-7.5%-120.0K-145.0M-915.9K2.0618.763,3966,98422,30034,875
2022-02-10$187.85$185.00107.1%28.5%55.7%35.0%102.0%9.7%-8.8%-356.4K-87.5M-900.8K1.5927.174,5857,28522,65135,077
2022-02-11$180.05$180.00109.3%29.2%57.6%36.2%105.4%-0.1%-11.9%-166.5K-42.2M-878.2K1.5732.544,6997,39724,14435,002
2022-02-14$194.58$175.00114.6%32.5%64.3%39.4%117.2%-1.8%-7.3%-58.7K-124.7M-847.1K0.5337.0318,7259,97323,59433,558
2022-02-15$168.97$195.0075.5%21.6%81.4%16.4%77.6%4.2%-1.2%-1.5M95.4M-707.8K0.7645.1512,5689,54734,13439,638
2022-02-16$175.55$185.0073.4%21.0%82.7%15.1%74.7%4.0%0.9%-701.4K56.8M-719.5K1.2943.476,1047,87235,06740,481
2022-02-17$167.08$180.0074.4%21.3%84.2%15.7%74.0%1.7%0.1%-713.5K108.3M-671.4K1.7449.174,5757,95434,86839,815
2022-02-18$162.03$180.0074.3%21.2%82.9%15.7%73.6%2.6%0.6%1.2M119.9M-654.4K1.2152.5112,20614,74734,77339,222
2022-02-22$152.39$165.0076.7%21.9%85.2%17.1%74.6%3.5%0.2%-1000.0K58.7M-819.0K1.4543.764,4756,50618,01326,767
2022-02-23$150.25$165.0078.0%22.0%85.2%17.8%75.2%4.4%-1.3%-178.6K54.0M-834.6K1.7341.933,5646,16420,03927,074
2022-02-24$168.28$165.0077.6%22.4%95.3%17.6%77.8%1.1%-1.2%385.3K-46.2M-872.6K2.2540.502,7216,12120,26527,104
2022-02-25$179.55$165.0075.3%22.0%97.1%16.2%77.4%2.9%-0.4%-130.0K-118.3M-867.3K2.0044.643,1516,30220,54427,212
2022-02-28$184.31$165.0079.0%22.7%97.0%18.4%77.1%5.4%-2.0%-178.2K-113.3M-818.5K2.4247.942,5686,21717,45726,644