CAR Options History — November 2023

In November 2023, CAR traded between $163.93 and $201.49. ATM implied volatility averaged 36.1%, placing in the 3.7% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 26.9% (HV 20d: 63.0%). Max pain ranged from $170.00 to $190.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.86.

Notable Days

  • 2023-11-02: Highest Volume — 7,942 contracts
  • 2023-11-02: Largest IV drop — 31.4% change
  • 2023-11-01: Highest IV Rank — 35.5%
  • 2023-11-01: Largest Expected Move — 18.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$187.23$163.93$201.49$163.93$183.43
Max Pain$185.48$170.00$190.00$185.00$185.00
ATM IV36.1%33.1%55.7%55.7%34.5%
Expected Move10.6%9.4%18.5%18.5%10.6%
HV 20d63.0%37.5%67.0%37.5%63.5%
HV 60d46.4%34.2%48.3%34.2%46.6%
IV Rank3.7%0.0%35.5%35.5%2.4%
IV Percentile5.2%0.0%47.6%47.6%4.0%
Term Structure0.0%-1.8%2.0%-0.9%-0.2%
VWIV37.0%32.7%64.6%64.6%37.1%
Skew 25d3.4%1.0%4.5%4.5%2.2%
Skew 10d6.9%4.3%13.0%13.0%4.3%
Call IV 25d34.9%31.1%55.1%55.1%34.0%
Put IV 25d38.4%34.2%59.5%59.5%36.3%
Bid-Ask Spread %58.8032.7768.4351.7932.77
Gamma HHI0.130.080.210.080.12
Net GEX3.2M-61.2K5.8M-61.2K1.5M
Net DEX-42.1M-140.9M30.9M30.9M-24.8M
Net VEX-797.8K-896.8K-681.3K-681.3K-802.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.202.740.590.81
Total Volume2,698.4296437,9424,1211,263
Total OI42,194.23837,33848,86137,33840,987

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$163.93$185.0055.7%18.5%37.5%35.5%64.6%4.5%-0.9%-61.2K30.9M-681.3K0.5951.792,5881,53316,66420,674
2023-11-02$187.27$170.0038.2%11.2%60.2%6.7%39.8%4.4%0.3%4.3M-74.7M-705.0K0.8150.704,4003,54219,31321,992
2023-11-03$201.49$185.0035.7%10.3%64.5%2.5%36.3%3.9%0.6%4.2M-140.9M-749.8K0.4657.094,9302,24519,88023,346
2023-11-06$200.14$185.0035.5%10.4%64.7%2.2%35.6%3.8%0.6%4.6M-96.6M-793.3K0.4955.831,98097918,73521,497
2023-11-07$191.49$185.0035.1%10.2%67.0%1.6%35.1%4.5%1.0%3.4M-49.6M-770.0K0.3361.992,60786419,38621,866
2023-11-08$189.50$190.0035.1%10.2%67.0%1.6%36.7%4.1%0.5%3.7M-43.2M-769.1K0.3761.442,34285520,40022,108
2023-11-09$189.03$185.0036.6%10.8%66.1%4.0%37.4%4.2%0.5%3.9M-43.2M-796.1K1.4960.0739058121,47822,458
2023-11-10$187.62$185.0036.4%10.6%64.9%3.7%38.6%3.3%2.0%3.4M-31.3M-770.8K1.3152.568521,11921,56322,682
2023-11-13$186.57$190.0038.2%11.0%64.9%6.7%38.0%4.5%-0.3%3.6M-25.6M-796.0K0.5159.621,40771320,62022,133
2023-11-14$193.94$190.0034.5%9.9%65.7%0.5%34.7%4.4%0.0%5.6M-64.1M-788.2K0.2064.824,96696920,35022,440
2023-11-15$193.44$190.0035.2%10.1%65.0%1.7%34.9%4.0%-0.8%5.8M-82.2M-870.9K0.3165.081,86157822,87922,998
2023-11-16$185.94$190.0036.6%10.5%65.2%3.9%36.3%4.1%0.3%3.0M-32.9M-863.1K0.5064.431,93896523,91923,265
2023-11-17$189.23$185.0034.4%9.9%64.9%0.4%34.5%3.9%0.0%2.8M-58.3M-896.8K0.4468.4386238125,35823,503
2023-11-20$189.64$185.0033.7%9.6%64.8%0.0%32.8%1.0%-0.4%4.7M-49.3M-873.1K0.6158.2476246420,24719,939
2023-11-21$186.13$185.0033.5%9.6%65.3%0.0%33.6%1.3%-0.6%3.2M-30.6M-834.5K0.7859.0046736520,71719,969
2023-11-22$187.19$185.0033.1%9.4%63.9%0.0%32.7%3.4%-0.3%3.6M-38.0M-842.8K0.3160.6984226421,01620,029
2023-11-24$186.16$185.0033.1%9.4%61.2%0.0%33.0%2.0%-1.8%2.6M-31.3M-831.4K2.4962.0818445921,31520,065
2023-11-27$182.91$185.0033.4%9.7%61.8%0.6%34.0%3.8%0.3%2.2M-14.5M-780.9K2.7464.334751,30319,49819,771
2023-11-28$179.31$185.0034.1%10.2%62.4%1.7%35.5%2.3%-0.5%404.3K7.9M-778.1K2.1459.597971,70419,79720,530
2023-11-29$177.37$185.0034.8%10.4%62.6%2.8%35.7%2.8%-0.0%781.0K8.2M-759.5K0.4464.2760426720,32220,370
2023-11-30$183.43$185.0034.5%10.6%63.5%2.4%37.1%2.2%-0.2%1.5M-24.8M-802.4K0.8132.7769756620,56320,424