CAR Options History — July 2023

In July 2023, CAR traded between $219.31 and $243.19. ATM implied volatility averaged 52.5%, placing in the 20.5% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded above realized volatility by 17.9% (HV 20d: 34.7%). Max pain ranged from $195.00 to $220.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.97.

Notable Days

  • 2023-07-31: Highest Volume — 14,745 contracts
  • 2023-07-05: Largest IV spike — 13.5% change
  • 2023-07-06: Highest IV Rank — 29.2%
  • 2023-07-31: Largest Expected Move — 15.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$230.79$219.31$243.19$227.09$219.31
Max Pain$202.75$195.00$220.00$195.00$200.00
ATM IV52.5%49.8%57.4%49.8%50.7%
Expected Move14.5%10.5%15.8%10.5%15.8%
HV 20d34.7%24.8%40.1%38.8%31.4%
HV 60d39.8%37.7%42.6%42.6%37.7%
IV Rank20.5%15.3%29.2%15.3%17.2%
IV Percentile18.1%13.9%27.4%13.9%15.9%
Term Structure-1.4%-3.5%1.8%1.8%-1.8%
VWIV51.1%38.1%56.5%38.1%55.9%
Skew 25d2.6%-1.9%3.9%-1.9%2.5%
Skew 10d4.5%0.3%8.1%1.1%5.6%
Call IV 25d52.1%49.7%56.9%55.1%50.2%
Put IV 25d54.7%52.4%59.4%53.2%52.8%
Bid-Ask Spread %48.8343.0058.6456.8843.57
Gamma HHI0.120.060.220.220.08
Net GEX3.1M1.0M4.7M3.2M1.6M
Net DEX-150.8M-226.2M-82.2M-136.0M-114.3M
Net VEX-680.3K-783.7K-542.8K-554.7K-768.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.103.200.640.53
Total Volume2,585.157414,74557414,745
Total OI31,754.1528,79435,64229,00733,180

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$227.09$195.0049.8%10.5%38.8%15.3%38.1%-1.9%1.8%3.2M-136.0M-554.7K0.6456.8835122314,28314,724
2023-07-05$231.99$195.0056.5%10.9%38.9%27.6%38.1%1.5%-0.9%3.9M-155.8M-545.8K0.9053.7168661714,44514,857
2023-07-06$226.12$195.0057.4%15.0%40.1%29.2%53.4%2.5%-1.5%3.3M-130.4M-557.1K1.0047.6859159314,73315,139
2023-07-07$233.49$195.0055.9%15.0%39.2%26.6%52.5%3.4%-1.9%3.7M-161.4M-556.7K1.1044.771,0171,11514,81815,502
2023-07-10$235.35$195.0055.5%14.8%38.9%25.9%52.9%3.0%-3.5%3.7M-162.2M-542.8K0.8243.8375461814,12414,670
2023-07-11$240.28$195.0053.2%14.5%38.4%21.5%51.1%2.7%-2.2%4.4M-182.0M-546.3K0.4043.941,47758514,52115,109
2023-07-12$236.54$195.0051.7%13.9%38.5%18.7%49.0%2.6%-2.7%4.4M-170.7M-566.6K0.4944.2187242915,23015,400
2023-07-13$237.29$200.0050.8%14.0%38.3%17.2%49.9%0.6%-2.1%4.7M-178.1M-575.5K0.1048.738,45787615,71015,552
2023-07-14$233.14$200.0050.1%14.1%39.4%16.0%49.9%3.5%-0.9%3.6M-184.9M-759.3K0.8853.6153947617,39716,172
2023-07-17$236.03$200.0051.7%14.6%39.1%19.1%51.4%2.8%-1.2%3.4M-195.4M-738.6K0.6255.7461037616,55415,602
2023-07-18$243.19$200.0051.3%14.6%39.4%18.2%51.0%2.7%-1.1%4.7M-226.2M-740.2K0.9854.1861459916,82815,801
2023-07-19$240.13$200.0053.2%15.2%24.8%21.8%56.5%3.6%-1.7%4.0M-209.4M-756.2K1.7558.641,0811,88816,98116,118
2023-07-20$230.69$210.0054.2%15.6%28.7%23.6%55.5%3.6%-1.7%2.0M-156.9M-774.0K0.3647.241,81865917,32017,449
2023-07-21$226.96$210.0052.2%15.1%29.5%20.0%53.1%3.3%-1.2%1.8M-146.4M-783.7K1.2153.3569383617,92317,719
2023-07-24$225.38$210.0052.1%15.0%29.2%19.7%52.4%3.9%0.4%1.9M-110.2M-765.8K1.3543.2753772715,14715,855
2023-07-25$225.01$210.0051.3%15.2%29.2%18.3%53.4%3.7%-1.2%1.6M-106.2M-768.8K0.5643.0044425015,42416,498
2023-07-26$225.91$210.0051.9%15.5%29.2%19.5%56.1%1.8%-1.1%2.0M-112.2M-766.9K3.2047.3014947715,67516,628
2023-07-27$219.59$220.0051.2%15.0%30.8%18.1%52.7%3.5%-1.8%1.0M-82.2M-759.5K1.6745.5451886615,73116,918
2023-07-28$222.35$220.0050.0%14.8%31.2%15.8%49.3%2.8%-1.0%3.2M-95.6M-779.5K0.9447.461,8281,71116,04917,297
2023-07-31$219.31$200.0050.7%15.8%31.4%17.2%55.9%2.5%-1.8%1.6M-114.3M-768.7K0.5343.579,6495,09615,91117,269