CAR Options History — August 2023

In August 2023, CAR traded between $213.63 and $232.64. ATM implied volatility averaged 38.5%, placing in the 1.3% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 9.7% (HV 20d: 28.8%). Max pain ranged from $200.00 to $220.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 0.90.

Notable Days

  • 2023-08-01: Highest Volume — 15,961 contracts
  • 2023-08-28: Largest IV drop — 5.0% change
  • 2023-08-16: Highest IV Rank — 6.4%
  • 2023-08-16: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$225.40$213.63$232.64$227.47$213.63
Max Pain$216.52$200.00$220.00$200.00$215.00
ATM IV38.5%35.2%41.5%39.8%35.7%
Expected Move10.8%9.2%11.9%11.3%9.8%
HV 20d28.8%23.8%34.2%34.2%32.8%
HV 60d34.9%33.5%36.7%36.7%35.9%
IV Rank1.3%0.0%6.4%0.0%0.9%
IV Percentile1.2%0.0%4.4%0.0%0.4%
Term Structure0.4%-1.4%1.8%-0.2%0.4%
VWIV38.6%32.6%41.6%40.0%34.7%
Skew 25d3.0%2.2%3.8%2.5%3.0%
Skew 10d4.9%3.1%6.1%4.6%5.5%
Call IV 25d37.7%33.6%39.9%39.0%35.0%
Put IV 25d40.6%36.7%43.6%41.5%38.0%
Bid-Ask Spread %54.9146.0562.2350.9560.55
Gamma HHI0.110.060.190.100.06
Net GEX2.6M-33.9K4.9M4.9M-33.9K
Net DEX-136.8M-190.3M-72.2M-168.5M-72.2M
Net VEX-785.9K-857.5K-737.1K-757.9K-737.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.231.690.791.36
Total Volume2,207.65263515,96115,961902
Total OI35,980.78326,68444,88141,30131,443

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$227.47$200.0039.8%11.3%34.2%0.0%40.0%2.5%-0.2%4.9M-168.5M-757.9K0.7950.958,9217,04020,15421,147
2023-08-02$224.00$200.0041.0%11.6%33.7%2.2%41.0%3.8%-1.4%3.4M-144.4M-830.1K0.2350.545,2531,18521,39022,963
2023-08-03$224.53$220.0039.9%11.4%32.5%0.2%39.4%2.7%-0.4%4.2M-144.6M-857.5K0.7554.4489267321,81223,069
2023-08-04$225.28$220.0039.1%11.2%30.2%0.0%39.5%2.2%-0.9%1.9M-148.0M-842.9K0.7249.981,19185721,77523,078
2023-08-07$225.18$220.0038.0%10.9%30.0%0.0%41.4%2.9%0.1%2.4M-143.2M-819.9K0.9250.1156151417,47620,240
2023-08-08$225.31$220.0038.9%11.1%28.8%1.5%39.6%2.3%-0.3%2.3M-141.7M-816.2K0.6649.0638225317,58720,617
2023-08-09$224.88$220.0037.8%11.1%28.4%0.0%39.1%2.7%1.2%2.5M-139.7M-805.9K1.4057.4228940517,64920,718
2023-08-10$228.92$220.0038.1%11.1%29.3%0.4%39.8%2.7%1.0%4.0M-165.4M-803.3K0.8255.0041634117,79320,658
2023-08-11$232.64$220.0037.8%11.1%29.3%0.0%38.8%2.4%1.2%3.9M-190.3M-783.3K0.6761.161,14476917,87720,782
2023-08-14$231.09$220.0039.2%11.3%29.0%2.4%40.6%3.3%0.3%3.7M-169.6M-790.4K0.3962.231,16345717,30619,797
2023-08-15$225.07$220.0040.2%11.5%27.9%4.2%41.6%3.3%0.9%3.6M-140.5M-790.1K0.3259.671,05533918,15220,039
2023-08-16$224.23$220.0041.5%11.9%27.7%6.4%40.6%3.5%-0.6%3.3M-132.9M-774.3K0.4757.6389241518,20420,093
2023-08-17$225.12$220.0039.9%11.4%24.1%3.7%40.5%2.9%1.3%3.8M-138.9M-786.2K0.3961.261,02940518,41720,149
2023-08-18$228.18$220.0039.2%11.1%24.0%2.4%40.5%3.1%1.8%4.7M-153.0M-774.8K0.9457.1681276018,44120,312
2023-08-21$229.37$220.0038.0%10.4%23.9%0.3%39.4%3.1%0.7%1.5M-118.0M-756.4K0.9146.051,4751,33513,24713,437
2023-08-22$225.68$210.0038.9%10.5%24.6%1.8%36.5%3.2%0.9%1.6M-126.1M-771.7K1.4950.2933449814,64614,558
2023-08-23$230.84$210.0037.7%10.2%25.9%0.0%36.9%3.1%0.6%2.2M-147.0M-762.6K1.1750.0738945614,79314,876
2023-08-24$228.65$217.5038.3%10.4%23.8%1.1%36.2%3.0%1.3%1.9M-137.1M-782.7K1.6551.7827846015,01415,056
2023-08-25$217.58$217.5039.0%10.6%29.7%2.1%36.9%3.1%0.1%257.7K-87.2M-761.2K1.0951.631,3051,42815,16115,338
2023-08-28$225.63$217.5037.0%10.0%32.1%0.0%35.8%3.3%0.9%1.6M-128.4M-767.9K1.0555.9662866015,08015,216
2023-08-29$219.63$217.5036.3%9.9%30.7%0.0%35.7%3.0%-0.2%1.0M-101.3M-748.8K1.6958.2048782115,46715,417
2023-08-30$221.21$215.0035.2%9.2%30.5%0.0%32.6%3.2%-0.1%1.2M-107.5M-754.9K0.7761.8951239515,54315,571
2023-08-31$213.63$215.0035.7%9.8%32.8%0.9%34.7%3.0%0.4%-33.9K-72.2M-737.1K1.3660.5538351915,81715,626