CAR Options History — March 2022

In March 2022, CAR traded between $161.60 and $298.69. ATM implied volatility averaged 85.1%, placing in the 22.0% IV rank vs the trailing year. The 30-day expected move averaged 25.8%. IV traded below realized volatility by 18.9% (HV 20d: 103.9%). Max pain ranged from $165.00 to $240.00. Net GEX was positive for 12 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 1.62.

Notable Days

2022-03-16: Highest Volume — 10,769 contracts
2022-03-16: Largest IV spike — 18.9% change
2022-03-17: Highest IV Rank — 29.8%
2022-03-17: Largest Expected Move — 28.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$233.22	$161.60	$298.69	$180.85	$263.52
Max Pain	$205.43	$165.00	$240.00	$165.00	$240.00
ATM IV	85.1%	75.2%	98.3%	81.1%	87.0%
Expected Move	25.8%	22.0%	28.5%	23.0%	26.8%
HV 20d	103.9%	94.9%	110.9%	94.9%	102.9%
HV 60d	77.1%	64.6%	85.3%	64.6%	85.3%
IV Rank	22.0%	16.2%	29.8%	19.7%	23.1%
IV Percentile	76.6%	71.8%	83.7%	76.6%	75.8%
Term Structure	2.0%	-4.3%	16.0%	-3.1%	14.2%
VWIV	92.2%	78.3%	103.5%	81.8%	98.7%
Skew 25d	1.7%	-4.2%	8.3%	2.6%	6.8%
Skew 10d	3.4%	-0.1%	9.7%	4.5%	5.7%
Call IV 25d	85.9%	76.0%	103.8%	80.6%	83.9%
Put IV 25d	87.6%	77.4%	99.7%	83.2%	90.7%
Bid-Ask Spread %	55.09	40.43	79.54	46.23	63.97
Gamma HHI	0.06	0.04	0.09	0.07	0.05
Net GEX	87.0K	-1.0M	1.8M	-239.4K	-237.6K
Net DEX	-183.4M	-514.4M	14.0M	-99.3M	-146.6M
Net VEX	-775.3K	-869.2K	-668.4K	-826.5K	-791.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.62	0.47	3.52	2.46	0.65
Total Volume	7,903.913	4,939	10,769	8,284	5,123
Total OI	43,756.739	36,230	56,185	44,661	39,788

Daily Data (23 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
2022-03-01	$180.85	$165.00	81.1%	23.0%	94.9%	19.7%	81.8%	2.6%	-3.1%	-239.4K	-99.3M	-826.5K	2.46	46.23	2,397	5,887	17,710	26,951
2022-03-02	$188.20	$165.00	75.2%	22.4%	95.5%	16.2%	79.2%	2.3%	-1.4%	5.9K	-141.5M	-793.0K	2.52	42.93	2,234	5,627	17,743	27,077
2022-03-03	$179.85	$165.00	75.9%	22.0%	96.9%	16.6%	78.3%	1.4%	-2.0%	-282.1K	-97.0M	-799.1K	2.72	47.81	2,062	5,603	17,788	27,242
2022-03-04	$173.83	$165.00	77.3%	22.7%	97.1%	17.4%	80.8%	2.8%	-1.8%	-227.8K	-58.2M	-793.7K	3.10	48.15	2,136	6,623	17,846	27,240
2022-03-07	$161.60	$165.00	81.8%	24.7%	99.5%	20.0%	84.8%	2.9%	-4.3%	-1.0M	14.0M	-778.8K	3.52	55.31	1,953	6,881	16,737	27,236
2022-03-08	$175.01	$165.00	80.1%	24.6%	102.6%	19.0%	83.8%	3.0%	-0.4%	-657.1K	-64.1M	-794.3K	2.06	52.25	2,932	6,031	17,028	28,219
2022-03-09	$195.21	$165.00	77.3%	24.6%	110.1%	17.4%	84.2%	2.1%	1.7%	94.4K	-181.8M	-721.4K	2.53	70.13	2,538	6,412	17,735	28,322
2022-03-10	$199.59	$165.00	79.5%	23.2%	107.8%	18.7%	83.8%	2.4%	-0.7%	236.9K	-207.2M	-678.9K	2.63	76.00	2,539	6,669	17,996	28,602
2022-03-11	$206.42	$165.00	78.2%	23.7%	105.7%	17.9%	79.0%	3.0%	-0.4%	201.9K	-239.7M	-668.4K	2.45	79.54	2,970	7,273	18,318	29,096
2022-03-14	$212.36	$200.00	81.7%	26.3%	104.5%	20.0%	90.3%	0.9%	-2.8%	6.9K	-242.6M	-674.2K	1.79	60.57	3,588	6,412	17,980	29,691
2022-03-15	$228.20	$200.00	80.5%	24.2%	104.0%	19.3%	90.8%	-0.5%	-2.6%	490.6K	-296.0M	-680.8K	1.76	62.24	3,686	6,485	19,237	29,923
2022-03-16	$276.43	$200.00	95.7%	27.8%	107.8%	28.3%	101.4%	-2.8%	-4.0%	906.2K	-442.5M	-670.8K	0.57	46.55	6,873	3,896	19,812	30,174
2022-03-17	$298.69	$240.00	98.3%	28.5%	109.3%	29.8%	102.4%	-4.2%	-1.3%	1.8M	-514.4M	-728.9K	0.88	50.94	4,827	4,266	21,783	32,170
2022-03-18	$283.80	$240.00	97.0%	28.3%	109.5%	29.0%	103.5%	-1.6%	-2.0%	1.4M	-459.8M	-838.5K	1.29	55.64	4,219	5,434	22,563	33,622
2022-03-21	$270.37	$240.00	92.6%	28.4%	110.9%	26.4%	101.3%	-0.2%	5.5%	-72.8K	-133.2M	-869.2K	1.39	40.43	2,419	3,360	12,118	24,263
2022-03-22	$279.36	$240.00	91.3%	28.3%	106.0%	25.6%	100.8%	0.3%	3.2%	211.8K	-156.3M	-852.7K	1.15	45.75	2,323	2,681	12,305	24,690
2022-03-23	$270.37	$240.00	90.8%	28.1%	107.2%	25.4%	99.9%	0.3%	2.7%	-60.0K	-132.6M	-844.5K	0.85	48.51	2,663	2,276	12,586	24,846
2022-03-24	$269.06	$240.00	89.2%	28.0%	103.1%	24.4%	99.5%	1.9%	4.2%	126.6K	-130.4M	-833.4K	0.91	51.74	2,777	2,527	12,840	24,852
2022-03-25	$263.62	$240.00	87.6%	27.6%	103.0%	23.5%	100.3%	0.4%	1.8%	-44.9K	-109.8M	-827.8K	0.60	51.72	3,672	2,190	13,132	25,058
2022-03-28	$259.08	$240.00	89.9%	27.7%	103.8%	24.8%	99.9%	1.6%	11.1%	-342.3K	-107.9M	-790.7K	0.47	56.70	5,762	2,737	12,598	23,632
2022-03-29	$270.21	$240.00	86.1%	27.0%	103.2%	22.6%	97.8%	5.5%	13.1%	84.3K	-151.3M	-791.7K	0.48	58.48	4,348	2,073	14,218	24,545
2022-03-30	$258.43	$240.00	82.3%	26.1%	105.4%	20.4%	98.6%	8.3%	16.0%	-483.0K	-119.8M	-783.2K	0.59	55.48	4,040	2,366	14,235	24,858
2022-03-31	$263.52	$240.00	87.0%	26.8%	102.9%	23.1%	98.7%	6.8%	14.2%	-237.6K	-146.6M	-791.3K	0.65	63.97	3,099	2,024	14,642	25,146