CAR Options History — March 2024

In March 2024, CAR traded between $104.73 and $123.23. ATM implied volatility averaged 51.2%, placing in the 44.3% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded below realized volatility by 20.0% (HV 20d: 71.2%). Max pain ranged from $100.00 to $110.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.66.

Notable Days

  • 2024-03-19: Highest Volume — 5,939 contracts
  • 2024-03-07: Largest IV drop — 7.8% change
  • 2024-03-06: Highest IV Rank — 59.4%
  • 2024-03-05: Largest Expected Move — 16.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$112.67$104.73$123.23$110.47$123.23
Max Pain$102.45$100.00$110.00$110.00$106.00
ATM IV51.2%47.2%57.4%51.6%50.1%
Expected Move14.6%12.9%16.1%14.9%12.9%
HV 20d71.2%43.3%107.6%107.3%45.5%
HV 60d69.3%67.9%71.0%68.9%71.0%
IV Rank44.3%34.5%59.4%45.1%41.6%
IV Percentile55.9%46.8%77.8%55.6%54.0%
Term Structure3.8%-0.9%15.1%-0.9%15.1%
VWIV51.8%45.8%57.4%52.4%45.8%
Skew 25d-0.4%-7.0%2.1%0.5%1.3%
Skew 10d-0.1%-3.8%2.3%-0.8%2.3%
Call IV 25d52.0%47.6%57.0%52.9%47.6%
Put IV 25d51.6%43.8%56.6%53.5%48.9%
Bid-Ask Spread %36.2223.0652.2735.0435.55
Gamma HHI0.110.050.510.190.51
Net GEX1.3M-467.9K6.8M1.5M6.8M
Net DEX18.8M-25.4M53.0M13.2M-25.4M
Net VEX-840.4K-873.7K-784.9K-873.7K-869.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.201.620.361.51
Total Volume2,925.851,6195,9395,7352,978
Total OI45,454.2536,45456,83456,83442,529

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-03-01$110.47$110.0051.6%14.9%107.3%45.1%52.4%0.5%-0.9%1.5M13.2M-873.7K0.3635.044,2101,52532,72424,110
2024-03-04$106.75$100.0053.4%15.6%107.3%49.5%54.3%0.1%-0.2%553.5K41.8M-834.1K1.1439.061,0541,19725,84722,947
2024-03-05$104.92$100.0055.2%16.1%107.1%53.9%56.3%2.1%-0.7%272.5K49.7M-831.4K0.8538.981,03888726,16723,521
2024-03-06$104.73$100.0057.4%15.9%103.9%59.4%57.4%-0.7%0.0%170.7K53.0M-823.5K0.9235.981,01093026,44823,872
2024-03-07$111.34$100.0052.9%15.7%107.4%48.4%55.8%-5.6%2.5%1.2M9.5M-873.6K0.4932.812,7561,36226,81323,476
2024-03-08$111.93$100.0052.5%15.5%107.6%47.4%54.7%0.1%6.8%1.5M10.3M-869.7K0.3036.484,5061,35026,70324,039
2024-03-11$111.44$100.0052.5%15.1%107.1%47.5%54.2%0.1%0.2%1.1M16.5M-849.9K0.5435.881,17763524,80022,881
2024-03-12$112.96$100.0049.3%14.5%107.3%39.6%51.9%0.4%0.9%1.5M7.8M-849.0K0.6143.521,04263725,34423,298
2024-03-13$112.64$100.0048.4%14.2%56.3%37.3%51.1%-0.1%0.9%1.6M10.8M-832.9K1.6251.149491,53325,30523,395
2024-03-14$107.49$100.0047.2%14.7%52.1%34.5%51.2%-7.0%4.4%802.0K46.8M-793.4K0.9052.271,1311,01825,25823,643
2024-03-15$107.69$100.0050.5%14.6%52.0%42.6%51.8%1.0%0.8%526.4K47.5M-795.6K0.3150.783,08296125,50123,625
2024-03-18$107.88$100.0050.1%14.3%47.8%41.6%51.0%1.2%2.0%-467.9K47.9M-784.9K0.4032.461,64365015,45121,003
2024-03-19$115.66$100.0052.0%14.8%48.8%46.1%52.0%0.3%1.0%544.0K17.5M-834.3K0.2030.814,9361,00316,31521,367
2024-03-20$116.04$105.0050.1%14.4%45.2%41.6%50.6%0.4%0.7%1.4M9.2M-844.2K0.4332.401,51864917,99421,749
2024-03-21$115.67$105.0050.3%14.2%44.7%42.1%49.2%0.6%2.1%1.6M9.2M-840.0K0.5323.061,28668618,50822,010
2024-03-22$113.19$105.0049.4%14.0%43.3%39.8%49.4%0.7%1.4%286.1K22.6M-831.2K0.6330.461,27780819,13622,330
2024-03-25$117.93$105.0050.4%14.1%44.6%42.3%49.6%-4.5%13.2%829.1K8.1M-848.6K0.4028.852,5701,03216,84921,642
2024-03-26$118.63$105.0050.0%13.9%44.3%41.4%49.0%0.8%13.0%1.4M1.5M-858.0K0.5927.101,01960018,53422,220
2024-03-27$122.83$108.0051.1%13.6%45.5%44.0%47.6%0.7%12.4%2.5M-21.0M-870.9K0.5031.751,24962319,23722,494
2024-03-28$123.23$106.0050.1%12.9%45.5%41.6%45.8%1.3%15.1%6.8M-25.4M-869.2K1.5135.551,1871,79119,79322,736