CAR Options History — January 2023

In January 2023, CAR traded between $165.16 and $197.50. ATM implied volatility averaged 62.6%, placing in the 12.3% IV rank vs the trailing year. The 30-day expected move averaged 19.4%. IV traded above realized volatility by 19.7% (HV 20d: 42.9%). Max pain ranged from $175.00 to $230.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 2.46.

Notable Days

  • 2023-01-30: Highest Volume — 11,526 contracts
  • 2023-01-17: Largest IV spike — 9.9% change
  • 2023-01-31: Highest IV Rank — 24.5%
  • 2023-01-31: Largest Expected Move — 23.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$183.97$165.16$197.50$165.16$197.50
Max Pain$223.00$175.00$230.00$175.00$210.00
ATM IV62.6%56.0%69.9%62.6%69.9%
Expected Move19.4%16.4%23.1%17.2%23.1%
HV 20d42.9%33.8%54.5%54.5%39.8%
HV 60d54.5%46.1%60.7%60.7%46.7%
IV Rank12.3%1.2%24.5%12.2%24.5%
IV Percentile17.1%0.4%33.3%14.7%33.3%
Term Structure1.2%-4.2%10.3%1.7%-3.2%
VWIV70.2%57.3%84.1%66.3%84.1%
Skew 25d6.7%5.3%8.9%7.4%7.0%
Skew 10d12.9%9.3%17.1%12.8%14.3%
Call IV 25d59.8%50.1%66.6%59.1%66.6%
Put IV 25d66.5%56.0%73.6%66.5%73.6%
Bid-Ask Spread %44.0326.3879.2276.3244.61
Gamma HHI0.090.070.130.070.08
Net GEX-889.0K-3.8M1.3M-2.5M-1.4M
Net DEX8.9M-73.5M68.2M61.8M35.5M
Net VEX-534.3K-735.3K-486.2K-486.2K-735.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.460.2616.412.070.53
Total Volume3,255.8582311,5262,4042,956
Total OI45,480.6529,10855,09245,28546,987

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$165.16$175.0062.6%17.2%54.5%12.2%66.3%7.4%1.7%-2.5M61.8M-486.2K2.0776.327821,62215,38429,901
2023-01-04$167.64$175.0059.8%16.4%43.1%7.5%57.3%6.0%1.0%-2.5M53.5M-496.9K2.0579.2227055315,91831,318
2023-01-05$169.30$230.0059.9%18.7%43.5%7.6%68.4%5.4%0.4%-2.5M48.1M-492.7K5.1544.234342,23516,00431,575
2023-01-06$166.49$230.0058.8%19.7%43.4%5.9%72.5%5.6%2.0%-2.7M60.3M-507.6K1.4648.071,6212,37116,26032,883
2023-01-09$166.86$230.0056.4%18.5%43.2%1.9%63.5%6.3%7.9%-3.8M68.2M-489.6K0.3141.651,95860815,46533,595
2023-01-10$172.27$230.0056.0%19.2%44.6%1.2%68.9%6.7%10.3%-3.1M39.9M-514.3K3.4529.2727795516,51033,966
2023-01-11$180.93$230.0057.4%19.3%46.2%3.5%68.2%5.9%10.1%-1.7M-2.6M-525.1K1.2743.751,8002,28616,54633,767
2023-01-12$188.16$230.0056.7%18.6%48.4%2.3%66.6%5.3%10.2%-541.3K-41.0M-523.5K0.2626.385,2391,38317,12733,430
2023-01-13$191.37$230.0057.1%18.3%48.8%3.1%66.1%5.9%10.1%974.1K-73.5M-547.2K0.7931.941,09286220,38933,560
2023-01-17$194.71$230.0062.8%18.4%47.7%12.6%70.1%6.6%-1.4%1.1M-69.9M-505.2K2.1949.705521,20819,27632,763
2023-01-18$192.08$230.0064.0%18.4%44.0%14.6%68.6%6.5%-1.3%449.0K-50.6M-503.8K1.8734.649891,85319,56033,433
2023-01-19$187.83$230.0066.2%19.1%44.2%18.3%67.4%7.3%-2.8%-626.5K-28.5M-501.1K1.4845.391,0711,58519,98733,710
2023-01-20$191.61$230.0065.5%19.1%44.4%17.2%68.9%6.7%-3.8%1.1M-52.8M-507.3K1.2945.4566385220,53634,556
2023-01-23$194.80$230.0064.1%19.4%42.4%14.9%68.0%8.1%-1.7%1.3M-7.5M-508.0K2.8938.163711,07412,45016,658
2023-01-24$187.35$230.0067.2%20.1%36.5%20.0%72.8%8.9%-2.0%-403.7K31.0M-503.0K1.6141.836211,00112,61618,051
2023-01-25$190.23$230.0065.2%20.2%35.4%16.7%71.9%6.9%-2.6%-28.6K22.0M-521.4K1.8038.618421,51412,95718,813
2023-01-26$187.72$230.0065.7%20.4%33.8%17.5%78.2%8.1%-3.4%-519.0K34.7M-526.2K16.4137.284687,67913,41119,981
2023-01-27$196.54$230.0068.5%20.5%36.3%22.3%73.6%5.9%-4.2%632.6K7.5M-653.8K0.6843.971,15878613,60626,808
2023-01-30$190.81$220.0068.2%22.6%38.7%21.7%82.7%7.0%-2.5%-1.1M42.7M-637.6K1.6640.044,3317,19513,33326,523
2023-01-31$197.50$210.0069.9%23.1%39.8%24.5%84.1%7.0%-3.2%-1.4M35.5M-735.3K0.5344.611,9381,01813,62133,366