CAR Options History — October 2023

In October 2023, CAR traded between $160.05 and $184.21. ATM implied volatility averaged 56.4%, placing in the 36.6% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded above realized volatility by 22.0% (HV 20d: 34.4%). Max pain ranged from $185.00 to $210.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 1.27.

Notable Days

  • 2023-10-09: Highest Volume — 2,542 contracts
  • 2023-10-25: Largest IV spike — 7.1% change
  • 2023-10-26: Highest IV Rank — 44.5%
  • 2023-10-30: Largest Expected Move — 19.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$172.70$160.05$184.21$173.42$162.95
Max Pain$201.82$185.00$210.00$200.00$185.00
ATM IV56.4%52.8%61.3%52.8%56.1%
Expected Move16.0%12.0%19.6%12.2%18.7%
HV 20d34.4%30.5%39.9%31.0%37.5%
HV 60d32.8%31.2%34.2%31.3%34.2%
IV Rank36.6%30.7%44.5%30.7%36.0%
IV Percentile51.0%38.9%70.6%38.9%50.0%
Term Structure-1.8%-3.4%0.2%-1.2%-1.4%
VWIV55.5%42.2%72.5%42.2%69.2%
Skew 25d6.2%5.1%8.4%5.1%6.4%
Skew 10d11.0%6.9%15.1%6.9%11.9%
Call IV 25d54.4%51.4%59.0%53.3%53.7%
Put IV 25d60.6%56.9%67.4%58.4%60.1%
Bid-Ask Spread %50.9440.8668.2262.9146.69
Gamma HHI0.110.080.150.140.09
Net GEX357.2K-768.9K1.9M-68.4K-14.5K
Net DEX18.0M-18.1M56.3M21.4M30.6M
Net VEX-715.9K-774.6K-612.4K-620.8K-687.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.270.244.990.861.89
Total Volume1,381.2733052,5421,5811,424
Total OI35,016.40929,57938,50029,57936,035

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-10-02$173.42$200.0052.8%12.2%31.0%30.7%42.2%5.1%-1.2%-68.4K21.4M-620.8K0.8662.9185272913,87415,705
2023-10-03$168.41$195.0056.2%12.8%31.5%36.2%44.9%5.3%-1.1%-46.5K30.3M-612.4K1.8063.296211,12014,47615,865
2023-10-04$169.29$195.0056.1%12.0%31.4%36.0%42.3%5.4%-2.0%-143.6K26.6M-645.9K4.9968.222411,20314,83616,487
2023-10-05$174.24$210.0055.8%15.2%31.0%35.5%51.5%5.7%-1.3%-25.7K13.1M-701.7K1.7647.2844678514,94117,299
2023-10-06$179.44$210.0055.9%15.3%32.8%35.8%52.7%5.7%0.2%1.4M134.0K-748.7K0.2545.151,33934115,05917,970
2023-10-09$180.12$210.0057.3%15.7%31.7%38.0%53.8%6.7%-1.6%535.9K-2.2M-744.9K0.2549.192,03251014,65417,598
2023-10-10$181.41$210.0054.9%15.1%30.5%34.0%52.1%5.8%-1.7%1.7M-10.6M-758.0K1.1146.601,0371,15116,04717,989
2023-10-11$184.21$210.0054.2%14.8%31.3%32.9%51.1%5.4%-2.7%1.9M-18.1M-771.6K1.2054.1943352016,21118,888
2023-10-12$179.11$210.0054.7%15.1%31.4%33.8%52.0%6.4%-2.4%1.1M4.2M-774.6K0.2448.381,00524216,38819,328
2023-10-13$173.37$210.0057.1%15.7%32.9%37.7%55.1%7.1%-3.4%-10.6K22.9M-753.3K1.1551.3239845616,91419,499
2023-10-16$175.77$210.0054.0%15.2%33.6%32.6%52.0%5.5%-1.4%517.8K15.2M-744.1K0.4853.9890543416,44219,158
2023-10-17$179.97$210.0053.7%15.3%34.2%32.2%53.8%5.4%-1.6%1.5M-948.4K-757.8K3.5156.7623783117,09819,342
2023-10-18$175.65$200.0055.6%15.9%34.8%35.3%55.7%6.5%-2.4%691.3K15.6M-752.5K1.5856.0144270017,17919,971
2023-10-19$169.29$200.0057.3%16.5%36.6%38.0%56.3%7.0%-1.8%-320.9K35.4M-715.1K1.4353.1244763817,36619,976
2023-10-20$173.88$200.0056.0%16.3%36.4%35.9%56.7%6.6%-2.3%-526.4K21.0M-758.0K0.5455.7572038817,56520,227
2023-10-23$173.75$200.0057.3%16.8%36.3%38.0%58.1%6.0%-3.0%329.9K12.4M-729.9K0.3240.8664120716,34219,444
2023-10-24$173.03$200.0056.5%16.9%35.9%36.7%57.9%5.6%-1.6%509.6K12.6M-734.1K0.9341.2615814716,76619,358
2023-10-25$167.43$200.0060.5%18.3%37.5%43.3%61.7%6.9%-2.4%-205.9K27.8M-705.0K1.0045.391,1671,16616,85219,485
2023-10-26$160.05$200.0061.3%19.3%39.6%44.5%66.1%8.4%-2.3%-768.9K56.3M-674.6K0.7242.5694167817,66520,299
2023-10-27$161.25$190.0059.2%18.6%39.9%41.2%63.6%6.2%-1.2%-140.7K52.6M-677.2K1.0143.0281081818,05820,442
2023-10-30$163.47$185.0059.0%19.6%38.8%40.8%72.5%6.4%-1.9%-30.7K28.8M-681.2K0.9548.7352850015,84519,418
2023-10-31$162.95$185.0056.1%18.7%37.5%36.0%69.2%6.4%-1.4%-14.5K30.6M-687.7K1.8946.6949293216,23819,797