CAR Options History — April 2023

In April 2023, CAR traded between $166.43 and $195.17. ATM implied volatility averaged 69.3%, placing in the 31.3% IV rank vs the trailing year. The 30-day expected move averaged 19.2%. IV traded above realized volatility by 19.1% (HV 20d: 50.2%). Max pain ranged from $192.50 to $200.00. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 1.03.

Notable Days

  • 2023-04-27: Highest Volume — 7,382 contracts
  • 2023-04-28: Largest IV drop — 10.0% change
  • 2023-04-26: Highest IV Rank — 38.9%
  • 2023-04-26: Largest Expected Move — 22.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$179.82$166.43$195.17$192.59$177.57
Max Pain$196.71$192.50$200.00$192.50$195.00
ATM IV69.3%61.6%74.1%61.6%65.1%
Expected Move19.2%14.4%22.0%14.4%19.8%
HV 20d50.2%46.4%55.4%53.1%51.4%
HV 60d55.6%53.9%56.3%54.2%53.9%
IV Rank31.3%19.0%38.9%19.0%24.7%
IV Percentile47.9%27.0%59.1%27.0%38.1%
Term Structure-2.3%-5.4%3.7%3.7%-4.9%
VWIV67.6%49.7%83.0%49.7%74.1%
Skew 25d10.4%8.5%14.7%11.2%8.9%
Skew 10d20.3%16.1%26.5%23.6%16.7%
Call IV 25d65.0%61.1%69.0%61.1%63.7%
Put IV 25d75.4%71.9%79.8%72.3%72.6%
Bid-Ask Spread %47.6040.9162.6752.4341.72
Gamma HHI0.080.050.290.050.23
Net GEX-940.7K-3.5M2.3M-849.7K2.3M
Net DEX20.6M-26.5M50.1M2.8M-5.1M
Net VEX-506.7K-570.6K-444.6K-570.6K-444.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.153.130.621.13
Total Volume2,531.3169227,3821,1683,323
Total OI46,722.05339,96451,31243,03547,325

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$192.59$192.5061.6%14.4%53.1%19.0%49.7%11.2%3.7%-849.7K2.8M-570.6K0.6252.437224468,94634,089
2023-04-04$186.00$195.0066.0%15.4%53.9%26.0%52.0%12.9%0.9%-1.3M17.9M-558.7K3.1356.823541,1099,40034,278
2023-04-05$177.72$195.0071.9%16.1%55.4%35.4%57.7%14.7%-3.7%-2.5M49.1M-561.4K1.4962.675728529,40534,966
2023-04-06$182.39$200.0070.7%18.9%53.1%33.6%66.2%8.7%-1.6%-1.6M25.6M-539.6K0.3243.382,9169199,75235,472
2023-04-10$190.42$200.0070.2%19.3%46.8%32.7%68.1%9.7%-1.7%362.6K-9.3M-549.7K0.7045.7064345111,57335,655
2023-04-11$195.17$200.0068.4%19.2%47.5%29.9%66.4%9.8%-1.5%1.2M-26.5M-560.6K1.0941.4666372111,89535,864
2023-04-12$184.06$200.0071.4%19.8%51.4%34.6%69.9%10.9%-2.2%-598.1K12.8M-532.4K0.6546.762,0721,33912,08036,161
2023-04-13$180.96$200.0070.4%19.4%51.7%33.0%66.0%8.5%-3.1%-938.1K23.8M-529.9K0.5642.471,22768313,02736,789
2023-04-14$178.97$200.0068.2%19.0%51.6%29.6%65.4%11.6%-3.3%-1.4M36.0M-531.2K1.2348.109561,17213,53837,123
2023-04-17$183.31$200.0067.0%19.0%49.1%27.7%65.9%9.7%-0.8%-168.9K11.1M-494.7K0.6450.9689857512,69536,566
2023-04-18$177.56$195.0068.7%19.6%50.6%30.3%69.7%9.5%-2.1%-1.8M35.9M-500.6K0.1549.285,63483713,26236,874
2023-04-19$178.94$195.0069.3%19.9%46.4%31.2%69.4%9.6%-3.0%-633.2K21.0M-484.0K1.5850.9835756513,69437,111
2023-04-20$172.46$195.0070.4%20.3%46.8%33.1%68.6%9.9%-2.1%-2.8M50.1M-487.4K1.4247.9648869313,77437,239
2023-04-21$176.01$195.0068.5%19.8%47.2%30.1%67.6%9.8%-2.0%-3.5M28.5M-466.1K0.8650.8779467913,93537,377
2023-04-24$173.82$195.0069.6%20.3%47.4%31.8%71.4%11.2%-3.4%-645.8K26.7M-456.6K1.4448.837351,05512,20227,762
2023-04-25$166.71$195.0073.0%21.7%49.4%37.2%73.0%10.8%-4.4%-1.8M45.1M-457.8K1.0941.541,6591,80312,62328,532
2023-04-26$166.43$195.0074.1%22.0%49.2%38.9%83.0%10.8%-3.2%-1.6M39.5M-452.8K0.9140.911,4701,33113,35529,076
2023-04-27$175.55$195.0072.4%21.2%51.9%36.3%80.7%10.1%-5.4%269.7K7.2M-449.4K0.6841.644,3932,98914,27230,032
2023-04-28$177.57$195.0065.1%19.8%51.4%24.7%74.1%8.9%-4.9%2.3M-5.1M-444.6K1.1341.721,5611,76215,08432,241