CAR Options History — May 2023

In May 2023, CAR traded between $158.10 and $177.56. ATM implied volatility averaged 50.5%, placing in the 6.7% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded above realized volatility by 6.4% (HV 20d: 44.1%). Max pain ranged from $165.00 to $192.50. Net GEX was positive for 7 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 1.13.

Notable Days

  • 2023-05-01: Highest Volume — 8,783 contracts
  • 2023-05-02: Largest IV drop — 11.9% change
  • 2023-05-01: Highest IV Rank — 24.7%
  • 2023-05-01: Largest Expected Move — 19.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$164.81$158.10$177.56$177.56$170.12
Max Pain$172.84$165.00$192.50$192.50$165.00
ATM IV50.5%44.3%64.3%64.3%48.4%
Expected Move14.6%12.7%19.9%19.9%14.6%
HV 20d44.1%37.7%50.2%49.2%39.0%
HV 60d49.1%46.6%53.4%53.3%47.3%
IV Rank6.7%0.0%24.7%24.7%7.9%
IV Percentile4.2%0.0%36.5%36.5%3.6%
Term Structure-0.4%-4.5%2.8%-2.1%-1.3%
VWIV53.1%45.0%75.8%75.8%52.0%
Skew 25d7.3%5.3%9.5%8.8%5.5%
Skew 10d14.7%10.5%19.4%18.2%15.6%
Call IV 25d48.1%42.0%61.2%61.2%45.9%
Put IV 25d55.3%48.2%70.0%70.0%51.4%
Bid-Ask Spread %53.8942.7360.7242.7354.65
Gamma HHI0.090.040.390.040.06
Net GEX-801.7K-2.9M2.3M13.3K1.7M
Net DEX20.9M-25.6M58.1M5.0M-25.6M
Net VEX-384.0K-436.5K-342.0K-436.5K-408.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.130.342.711.450.53
Total Volume2,999.8187528,7838,7838,428
Total OI38,872.77320,93251,25542,46627,892

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$177.56$192.5064.3%19.9%49.2%24.7%75.8%8.8%-2.1%13.3K5.0M-436.5K1.4542.733,5855,19811,97930,487
2023-05-02$171.88$190.0056.7%16.4%50.2%11.9%60.0%6.4%-0.7%-725.8K27.1M-422.4K0.5452.405,5532,97315,59133,705
2023-05-03$169.37$190.0055.6%15.9%49.1%10.3%56.9%7.1%-0.6%-932.9K31.7M-416.0K1.0157.611,1441,15216,29134,114
2023-05-04$161.62$175.0058.4%16.8%49.3%18.9%60.5%9.5%-4.5%-2.7M58.1M-404.6K1.0747.991,2191,30816,39334,045
2023-05-05$167.57$175.0053.4%15.1%50.2%8.2%53.3%6.7%2.8%2.3M34.9M-400.1K1.6649.721,1071,83616,79334,462
2023-05-08$163.08$175.0053.3%15.1%47.6%7.9%56.3%7.8%-1.5%-1.8M38.8M-389.8K1.2752.118061,02211,38131,547
2023-05-09$161.93$175.0054.6%15.4%46.0%10.7%55.5%7.6%-1.4%-2.1M39.3M-385.1K0.7851.4653541711,80332,141
2023-05-10$164.31$175.0051.9%14.8%42.9%4.8%52.9%7.7%-0.5%-1.6M30.4M-382.9K2.7155.2136298212,12332,232
2023-05-11$163.65$175.0050.1%14.4%42.6%1.0%52.5%6.6%0.0%-1.9M28.5M-375.4K1.6654.318261,37012,25632,324
2023-05-12$158.56$175.0049.6%14.0%43.6%0.0%50.4%7.8%-1.5%-2.9M45.5M-364.3K1.4356.3067897012,34032,521
2023-05-15$162.26$170.0047.3%13.7%43.6%0.0%47.8%7.8%2.3%-1.7M29.0M-349.6K1.1356.6482994011,03131,205
2023-05-16$158.10$170.0047.0%13.5%43.2%0.0%51.1%8.0%-0.0%-2.4M39.4M-347.9K1.4359.0431044211,34131,623
2023-05-17$163.61$170.0044.3%12.7%45.2%0.0%47.2%6.7%1.2%-918.0K19.8M-342.0K2.0857.948191,70211,43431,606
2023-05-18$162.86$170.0044.7%12.8%43.6%0.8%46.3%7.4%-0.9%-1.0M23.0M-346.6K0.6860.721,30088711,86532,160
2023-05-19$160.56$170.0045.1%12.9%42.9%1.5%45.0%6.2%0.6%-2.2M23.3M-349.3K1.1060.3972780012,70032,569
2023-05-22$164.95$165.0044.9%12.7%44.2%1.2%46.2%6.5%1.0%-175.2K5.5M-363.9K1.0852.601,2351,3357,53513,397
2023-05-23$167.20$165.0046.4%13.2%42.0%4.0%46.9%5.3%0.5%510.0K-4.9M-376.5K0.6155.061,5779618,46214,346
2023-05-24$164.01$165.0049.2%14.5%42.5%9.5%55.0%8.9%-0.3%86.5K5.1M-388.1K0.7856.501,5511,2059,00514,649
2023-05-25$165.78$165.0048.0%14.2%37.8%7.2%49.5%6.9%-0.6%811.0K-4.3M-405.6K0.5352.0161832810,17915,474
2023-05-26$162.84$165.0047.8%14.7%37.7%6.7%55.0%7.3%-0.1%-167.5K7.6M-398.2K1.0648.361,8171,92010,37115,627
2023-05-30$163.91$165.0048.9%14.7%37.9%8.9%52.1%7.8%-1.8%57.7K2.3M-394.7K0.3451.942,39882410,33715,865
2023-05-31$170.12$165.0048.4%14.6%39.0%7.9%52.0%5.5%-1.3%1.7M-25.6M-408.1K0.5354.655,4942,93411,42716,465