CAR Options History — January 2024

In January 2024, CAR traded between $158.64 and $175.74. ATM implied volatility averaged 51.0%, placing in the 28.9% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded above realized volatility by 17.8% (HV 20d: 33.2%). Max pain ranged from $170.00 to $185.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.45.

Notable Days

  • 2024-01-19: Highest Volume — 2,675 contracts
  • 2024-01-16: Largest IV spike — 24.5% change
  • 2024-01-17: Highest IV Rank — 40.7%
  • 2024-01-31: Largest Expected Move — 20.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$167.66$158.64$175.74$175.32$164.99
Max Pain$179.76$170.00$185.00$170.00$180.00
ATM IV51.0%40.4%58.3%41.7%58.2%
Expected Move16.2%11.5%20.0%11.5%20.0%
HV 20d33.2%28.8%41.5%39.5%35.5%
HV 60d48.5%40.7%49.7%49.3%40.7%
IV Rank28.9%11.8%40.7%14.0%40.5%
IV Percentile56.4%27.4%79.0%29.4%79.0%
Term Structure1.2%-3.7%12.5%2.9%-1.6%
VWIV57.0%40.3%70.1%40.3%70.1%
Skew 25d2.1%0.2%4.2%2.3%4.2%
Skew 10d3.2%-1.5%5.3%2.0%4.5%
Call IV 25d50.3%40.0%58.4%40.0%55.9%
Put IV 25d52.4%41.5%60.9%42.3%60.0%
Bid-Ask Spread %53.3144.3980.8676.4045.33
Gamma HHI0.090.050.250.140.16
Net GEX-32.5K-2.9M2.9M1.3M-2.9M
Net DEX18.7M-10.9M50.8M-10.9M40.3M
Net VEX-669.6K-695.2K-629.8K-659.0K-662.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.450.384.490.380.56
Total Volume1,261.3814532,675967490
Total OI36,915.47623,30545,65042,45225,825

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$175.32$170.0041.7%11.5%39.5%14.0%40.3%2.3%2.9%1.3M-10.9M-659.0K0.3876.4070126621,28021,172
2024-01-03$168.24$170.0042.3%11.7%41.5%14.9%41.3%1.5%1.6%-52.4K21.1M-635.7K2.0280.865171,04521,71821,336
2024-01-04$166.93$185.0042.2%14.2%37.5%14.7%50.0%2.5%-1.0%-456.5K28.1M-629.8K2.0553.7245893821,87421,656
2024-01-05$166.38$185.0040.4%13.9%35.1%11.8%49.2%0.2%1.7%-342.8K35.0M-670.0K0.8352.7753844522,08722,317
2024-01-08$169.49$185.0041.2%14.2%36.1%13.2%50.5%1.2%8.1%841.7K10.2M-652.6K0.5052.5465132521,62921,626
2024-01-09$169.74$180.0042.0%14.6%36.0%14.4%52.1%2.1%8.9%1.0M8.7M-653.0K1.8351.6233160621,93221,794
2024-01-10$168.31$180.0041.5%15.0%32.8%13.6%53.0%1.3%10.8%566.2K16.1M-690.7K4.3951.7416170622,17022,464
2024-01-11$165.97$180.0043.6%15.0%32.8%17.0%53.4%1.1%10.5%-166.8K25.6M-695.2K0.5854.6257233222,21922,591
2024-01-12$159.90$180.0045.4%15.3%30.9%19.9%53.4%0.8%12.5%-1.9M50.8M-667.5K0.5556.9094351722,40622,769
2024-01-16$158.64$180.0056.5%16.6%29.3%37.9%58.8%2.9%-2.5%-1.1M49.1M-655.6K1.9453.528191,59222,11822,632
2024-01-17$158.72$180.0058.3%16.7%28.8%40.7%59.0%2.5%-3.5%-902.9K45.7M-662.7K4.4954.622851,28122,55422,642
2024-01-18$164.19$180.0058.0%16.7%31.3%40.2%59.0%2.6%-2.1%-100.9K18.3M-654.9K0.9957.2150850522,73522,552
2024-01-19$164.49$180.0057.1%16.7%31.3%38.9%59.0%2.5%-3.7%137.5K16.3M-662.4K0.7656.901,5161,15922,92122,729
2024-01-22$170.25$180.0057.6%17.3%30.4%39.6%60.4%2.0%-2.1%340.1K8.6M-690.9K0.7846.321,0578268,08915,216
2024-01-23$168.53$180.0057.3%17.5%29.0%39.1%61.1%3.8%-2.7%112.2K12.1M-695.0K0.6744.394342908,84615,885
2024-01-24$167.14$180.0057.9%17.8%29.0%40.0%63.5%2.3%-2.9%-49.1K15.0M-683.4K0.4947.894372168,99315,922
2024-01-25$172.87$180.0057.8%18.0%31.9%39.9%64.0%2.2%-2.5%1.3M-4.6M-688.5K0.4745.618063809,29616,013
2024-01-26$173.86$180.0057.2%18.1%32.0%38.9%63.7%2.2%-3.3%2.9M-5.9M-695.1K0.9045.224113719,46116,244
2024-01-29$175.74$180.0057.3%19.1%32.2%39.1%66.6%1.5%-2.1%376.1K-2.6M-678.4K3.9945.545212,0808,30115,639
2024-01-30$171.10$180.0057.5%19.4%33.5%39.4%68.3%2.6%-1.8%-1.6M14.8M-678.0K1.3145.781962578,63616,936
2024-01-31$164.99$180.0058.2%20.0%35.5%40.5%70.1%4.2%-1.6%-2.9M40.3M-662.7K0.5645.333141768,74117,084