CAR Options History — November 2022

In November 2022, CAR traded between $219.03 and $239.82. ATM implied volatility averaged 67.9%, placing in the 12.9% IV rank vs the trailing year. The 30-day expected move averaged 19.5%. IV traded above realized volatility by 0.5% (HV 20d: 67.4%). Max pain ranged from $175.00 to $250.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.87.

Notable Days

  • 2022-11-01: Highest Volume — 15,369 contracts
  • 2022-11-18: Largest IV drop — 5.5% change
  • 2022-11-09: Highest IV Rank — 22.7%
  • 2022-11-02: Largest Expected Move — 23.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$227.98$219.03$239.82$219.03$223.97
Max Pain$221.43$175.00$250.00$175.00$237.50
ATM IV67.9%57.6%76.3%74.8%57.6%
Expected Move19.5%16.4%23.1%22.4%16.4%
HV 20d67.4%37.9%83.1%79.6%37.9%
HV 60d71.8%68.9%74.8%73.4%68.9%
IV Rank12.9%0.0%22.7%10.2%0.0%
IV Percentile12.2%0.0%25.0%22.6%0.0%
Term Structure0.1%-1.6%2.6%-0.9%0.2%
VWIV70.5%58.3%78.4%77.6%58.3%
Skew 25d5.6%2.6%8.2%5.2%6.8%
Skew 10d10.6%7.1%12.7%9.3%7.9%
Call IV 25d66.7%56.2%74.6%74.6%56.2%
Put IV 25d72.4%61.3%80.8%79.8%63.0%
Bid-Ask Spread %38.4319.8051.1942.4551.19
Gamma HHI0.050.040.070.050.04
Net GEX157.1K-500.2K1.6M-331.1K-465.1K
Net DEX-139.2M-214.2M-61.0M-126.3M-68.7M
Net VEX-763.5K-834.7K-636.2K-636.2K-726.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.411.580.851.22
Total Volume8,508.04881215,36915,3692,149
Total OI51,749.04840,50063,27855,49642,786

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-11-01$219.03$175.0074.8%22.4%79.6%10.2%77.6%5.2%-0.9%-331.1K-126.3M-636.2K0.8542.458,3097,06019,85635,640
2022-11-02$219.28$175.0076.3%23.1%78.6%11.2%76.2%6.2%-1.6%13.5K-132.6M-658.9K1.0445.257,1077,36520,57736,395
2022-11-03$231.00$220.0073.5%21.2%79.9%16.1%78.4%2.6%-1.0%1.6M-189.4M-834.7K0.8019.805,9584,74122,81139,321
2022-11-04$231.74$220.0071.5%21.0%79.1%15.8%77.0%4.2%0.4%304.8K-188.6M-828.5K0.6727.586,1864,12023,11740,161
2022-11-07$239.82$220.0071.6%20.7%79.4%15.9%75.5%4.6%1.1%689.8K-214.2M-796.5K0.4127.796,3332,59517,87935,126
2022-11-08$235.82$220.0072.1%20.7%80.0%17.6%74.4%6.6%0.7%911.7K-197.8M-807.4K0.4630.305,3122,46218,55935,601
2022-11-09$224.13$220.0073.7%21.3%83.1%22.7%75.7%4.6%0.6%3.9K-149.1M-809.3K0.5930.914,9072,89518,73435,916
2022-11-10$229.89$220.0070.7%20.2%82.9%18.2%76.1%6.6%-0.5%454.1K-172.9M-805.2K0.6737.855,6163,75818,86436,294
2022-11-11$228.19$190.0070.7%20.1%76.5%20.1%73.7%7.0%-1.3%162.8K-162.7M-807.9K0.8438.415,8204,91819,20537,165
2022-11-14$236.17$220.0070.0%20.1%72.7%20.5%74.6%3.8%-0.1%457.0K-190.6M-808.1K0.7037.745,5603,88817,98136,318
2022-11-15$237.35$220.0070.0%20.1%72.8%20.4%75.3%5.4%1.2%682.0K-201.1M-801.1K0.8241.775,0664,17718,44337,134
2022-11-16$234.49$220.0070.0%20.1%71.9%20.5%74.2%5.1%-0.1%374.8K-184.7M-788.1K0.9240.155,2234,81718,51137,901
2022-11-17$226.75$220.0069.4%19.9%73.8%19.5%74.4%8.2%1.1%128.4K-149.9M-781.0K0.9543.255,3975,12818,83238,346
2022-11-18$226.97$220.0065.6%18.5%72.0%12.7%68.4%5.7%2.6%532.3K-139.6M-762.7K0.9747.666,2186,01118,41938,990
2022-11-21$224.65$250.0064.9%17.9%52.5%11.4%64.8%5.7%0.1%-406.6K-81.6M-748.1K0.7033.954,9813,50713,33627,910
2022-11-22$225.35$242.5061.8%17.5%49.8%5.8%63.9%5.3%1.0%-289.7K-84.7M-747.5K0.8138.384,5073,64113,77828,428
2022-11-23$223.00$240.0061.4%17.0%48.9%5.1%61.2%7.9%-0.9%-383.8K-74.8M-742.1K0.9239.744,5844,20314,01728,762
2022-11-25$224.39$240.0061.9%17.3%48.5%5.9%60.7%6.2%-0.2%-396.2K-80.6M-731.9K1.4743.9332948314,28729,311
2022-11-28$220.75$240.0058.8%17.2%48.0%0.5%61.2%5.6%-0.6%-500.2K-61.0M-700.4K1.5842.4158091913,20427,296
2022-11-29$224.84$240.0058.8%16.9%47.8%0.4%58.9%4.8%0.1%-222.5K-73.2M-710.5K0.8946.4497486513,54427,975
2022-11-30$223.97$237.5057.6%16.4%37.9%0.0%58.3%6.8%0.2%-465.1K-68.7M-726.5K1.2251.199681,18114,10928,677