CAR Options History — February 2023

In February 2023, CAR traded between $212.28 and $247.20. ATM implied volatility averaged 72.6%, placing in the 29.5% IV rank vs the trailing year. The 30-day expected move averaged 20.2%. IV traded above realized volatility by 14.1% (HV 20d: 58.5%). Max pain ranged from $190.00 to $220.00. Net GEX was positive for 5 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 1.76.

Notable Days

  • 2023-02-02: Highest Volume — 22,539 contracts
  • 2023-02-14: Largest IV drop — 32.4% change
  • 2023-02-08: Highest IV Rank — 66.9%
  • 2023-02-10: Largest Expected Move — 26.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$225.50$212.28$247.20$213.15$220.82
Max Pain$207.89$190.00$220.00$210.00$220.00
ATM IV72.6%53.4%95.0%71.5%53.4%
Expected Move20.2%14.8%26.1%24.2%14.8%
HV 20d58.5%46.3%68.6%46.3%64.5%
HV 60d52.0%48.1%55.3%48.1%55.3%
IV Rank29.5%0.0%66.9%27.4%0.0%
IV Percentile38.5%0.0%87.3%36.9%0.0%
Term Structure-2.1%-6.5%1.6%-4.6%-1.2%
VWIV74.4%53.1%101.6%96.1%53.1%
Skew 25d6.7%3.9%9.8%7.6%6.7%
Skew 10d14.3%9.4%19.7%17.1%11.8%
Call IV 25d70.8%50.5%94.7%68.2%50.5%
Put IV 25d77.5%57.1%101.4%75.7%57.1%
Bid-Ask Spread %41.1726.0254.4044.6254.40
Gamma HHI0.070.050.120.090.07
Net GEX-787.0K-5.2M4.0M1.9M-602.9K
Net DEX-57.3M-224.0M54.3M-67.8M-20.9M
Net VEX-815.0K-1.1M-574.6K-731.5K-574.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.760.456.674.471.84
Total Volume6,567.8421,00022,53916,4101,095
Total OI74,364.89548,77695,60448,77656,525

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-02-01$213.15$210.0071.5%24.2%46.3%27.4%96.1%7.6%-4.6%1.9M-67.8M-731.5K4.4744.622,99813,41214,80633,970
2023-02-02$221.10$190.0088.2%22.8%47.1%55.5%89.1%8.2%-5.2%3.2M-130.4M-929.2K1.3240.919,72612,81319,12046,404
2023-02-03$215.12$190.0093.8%24.2%49.3%65.0%87.5%9.3%-5.1%-3.6M-723.8K-1.1M1.6135.751,1061,77819,80857,248
2023-02-06$212.28$190.0094.3%25.3%49.0%65.8%95.5%9.8%-3.6%-4.3M54.3M-1.1M6.6727.882,06913,79617,46356,843
2023-02-07$227.88$190.0093.6%24.8%53.1%64.5%87.9%6.3%-6.1%-1.2M-64.1M-1.1M1.0326.282,3332,39718,19766,819
2023-02-08$230.38$195.0095.0%25.1%52.8%66.9%89.1%3.9%-6.5%-122.2K-97.7M-1.0M0.4526.022,9161,31919,07167,934
2023-02-09$222.70$195.0093.4%25.9%53.8%64.3%93.8%7.0%-3.6%-2.2M-11.4M-1.1M1.5729.851,2461,95719,32268,814
2023-02-10$215.34$195.0092.6%26.1%54.8%62.9%101.6%6.3%-5.5%-2.9M52.5M-1.1M0.8633.583,1782,74519,68569,707
2023-02-13$220.78$195.0091.0%25.8%55.1%60.1%90.3%6.8%-2.6%-5.2M26.8M-961.1K1.8028.806,41811,53314,70466,565
2023-02-14$243.06$220.0061.5%17.7%63.5%10.5%69.0%5.6%1.6%2.9M-187.4M-680.9K1.7543.644,7148,27319,08672,473
2023-02-15$245.91$220.0058.3%16.7%62.8%4.9%60.3%6.3%1.2%4.0M-212.6M-658.5K1.8842.071,1602,17519,64174,358
2023-02-16$247.20$220.0056.9%16.2%61.5%2.8%59.9%5.6%1.5%3.6M-224.0M-634.9K1.4549.631,0081,46019,75875,149
2023-02-17$240.39$220.0055.7%16.0%63.2%0.7%58.0%5.5%0.5%-82.3K-181.8M-657.1K1.0550.931,8821,97519,56476,040
2023-02-21$225.47$220.0059.1%16.6%68.6%6.5%59.7%7.7%-0.1%-1.4M-18.7M-600.9K1.0347.0085687910,13345,974
2023-02-22$223.89$220.0056.9%15.9%66.6%2.7%56.4%7.4%-0.6%-2.1M-6.6M-647.1K1.8943.7834665410,50046,325
2023-02-23$221.37$220.0054.7%15.7%67.0%0.0%55.4%5.6%1.1%-2.5M978.2K-616.5K0.7053.5476253010,67646,770
2023-02-24$217.17$220.0054.8%15.4%67.2%0.2%55.0%5.7%0.3%-3.0M12.7M-614.1K1.0050.8681281011,16646,935
2023-02-27$220.52$220.0054.5%15.2%65.8%0.0%55.4%5.5%-1.0%-1.2M-11.9M-606.4K1.0952.7679586310,32645,054
2023-02-28$220.82$220.0053.4%14.8%64.5%0.0%53.1%6.7%-1.2%-602.9K-20.9M-574.6K1.8454.4038571010,88745,638