CAR Options History — June 2023

In June 2023, CAR traded between $169.81 and $228.22. ATM implied volatility averaged 44.5%, placing in the 3.5% IV rank vs the trailing year. The 30-day expected move averaged 12.5%. IV traded above realized volatility by 7.4% (HV 20d: 37.1%). Max pain ranged from $160.00 to $195.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.68.

Notable Days

  • 2023-06-07: Highest Volume — 8,175 contracts
  • 2023-06-20: Largest IV spike — 6.3% change
  • 2023-06-22: Highest IV Rank — 8.5%
  • 2023-06-01: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$206.05$169.81$228.22$169.81$228.22
Max Pain$176.67$160.00$195.00$165.00$195.00
ATM IV44.5%41.5%47.2%47.2%44.5%
Expected Move12.5%10.4%13.9%13.9%10.4%
HV 20d37.1%31.0%42.5%38.7%38.6%
HV 60d44.7%41.8%47.7%47.2%43.8%
IV Rank3.5%0.0%8.5%5.6%5.4%
IV Percentile2.3%0.0%6.7%2.4%4.4%
Term Structure2.5%-2.2%7.9%-2.2%7.1%
VWIV44.1%36.3%49.1%48.4%36.3%
Skew 25d2.8%0.4%7.0%7.0%2.2%
Skew 10d5.4%-0.2%14.4%13.4%-0.2%
Call IV 25d43.8%40.6%47.3%45.0%41.0%
Put IV 25d46.6%43.2%51.9%51.9%43.2%
Bid-Ask Spread %44.5434.0157.1052.0551.82
Gamma HHI0.150.050.530.070.23
Net GEX3.7M1.2M5.7M2.4M3.7M
Net DEX-114.7M-153.2M-27.5M-27.5M-152.5M
Net VEX-453.7K-570.4K-362.4K-411.6K-566.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.221.320.480.67
Total Volume2,681.191,1168,1752,1041,220
Total OI30,584.23821,56635,61931,47930,444

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-06-01$169.81$165.0047.2%13.9%38.7%5.6%48.4%7.0%-2.2%2.4M-27.5M-411.6K0.4852.051,42268213,03218,447
2023-06-02$174.95$165.0045.8%13.5%35.8%2.9%47.4%4.8%-0.9%2.8M-59.0M-412.3K0.7857.101,4061,09613,30818,323
2023-06-05$176.94$160.0046.2%13.4%33.8%3.7%49.1%4.3%0.4%2.2M-40.7M-399.9K1.0135.0278178611,78416,804
2023-06-06$183.83$160.0045.0%13.0%34.1%1.3%46.6%4.3%0.8%2.9M-66.1M-403.7K0.2535.354,0541,03011,92417,166
2023-06-07$191.75$165.0044.7%12.9%36.1%0.7%45.7%2.1%-0.0%3.7M-102.8M-411.6K0.5534.015,2752,90012,76617,584
2023-06-08$196.09$170.0044.4%12.8%36.3%0.1%44.5%2.9%0.1%5.0M-124.8M-430.7K0.5836.832,2101,28014,85519,832
2023-06-09$193.92$170.0042.9%12.6%36.8%0.0%45.2%3.9%0.2%4.7M-110.4M-426.1K0.6240.061,59798514,95220,667
2023-06-12$200.59$170.0044.2%13.0%34.6%2.4%45.5%2.3%0.6%4.5M-120.4M-419.5K0.8745.2192680613,71419,582
2023-06-13$200.23$170.0043.7%12.8%34.6%1.4%46.0%2.9%0.7%4.9M-122.4M-413.4K0.4548.111,22055214,12319,949
2023-06-14$202.15$175.0042.5%12.4%31.8%0.0%42.8%3.1%0.5%4.8M-128.7M-405.9K0.5553.221,01355514,11820,261
2023-06-15$206.56$175.0041.9%12.0%31.0%0.0%42.5%2.8%-0.1%5.0M-153.2M-395.2K0.6249.5791056314,44320,291
2023-06-16$204.55$175.0041.5%12.3%31.4%0.0%42.6%3.0%2.0%5.7M-139.9M-390.4K0.5851.2470740914,44820,596
2023-06-20$224.32$175.0044.1%12.6%41.1%4.8%44.4%2.7%4.4%1.2M-98.0M-362.4K0.7247.032,8632,0668,45513,111
2023-06-21$221.47$180.0044.0%12.6%42.2%4.6%44.3%2.5%5.8%1.7M-99.6M-405.8K0.2237.744,33896310,21914,227
2023-06-22$221.90$185.0046.1%13.1%42.5%8.5%46.3%0.7%3.4%3.2M-135.7M-521.5K0.3742.891,78065213,67214,626
2023-06-23$225.06$190.0045.2%12.6%40.6%6.8%44.5%0.9%4.1%4.3M-152.2M-548.3K1.0538.811,1191,17914,68114,906
2023-06-26$224.79$190.0046.1%12.4%41.0%8.4%43.9%1.6%4.5%3.2M-135.8M-534.6K1.3242.0264485113,75813,479
2023-06-27$225.67$190.0045.4%11.6%39.4%7.2%40.4%0.4%6.5%3.5M-139.6M-537.8K1.1844.588601,01614,17214,099
2023-06-28$226.99$190.0043.6%11.3%39.4%3.7%40.1%2.0%7.4%3.7M-149.2M-559.4K0.5146.071,44673214,76514,694
2023-06-29$227.20$195.0044.7%11.0%38.9%5.8%38.7%1.6%7.9%3.7M-149.1M-570.4K0.8946.6774666514,92815,064
2023-06-30$228.22$195.0044.5%10.4%38.6%5.4%36.3%2.2%7.1%3.7M-152.5M-566.6K0.6751.8273148915,07215,372