CAR Options History — May 2024

In May 2024, CAR traded between $95.72 and $126.98. ATM implied volatility averaged 45.5%, placing in the 23.3% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 31.8% (HV 20d: 77.3%). Max pain ranged from $105.00 to $119.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 1.14.

Notable Days

  • 2024-05-14: Highest Volume — 15,570 contracts
  • 2024-05-02: Largest IV drop — 30.4% change
  • 2024-05-01: Highest IV Rank — 84.1%
  • 2024-05-01: Largest Expected Move — 26.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$116.01$95.72$126.98$95.72$112.99
Max Pain$113.82$105.00$119.00$115.00$115.00
ATM IV45.5%39.7%78.1%78.1%45.2%
Expected Move13.1%11.6%26.6%26.6%12.5%
HV 20d77.3%40.3%83.7%48.0%40.3%
HV 60d64.5%57.3%82.3%73.4%57.8%
IV Rank23.3%12.5%84.1%84.1%22.7%
IV Percentile41.6%24.2%96.4%96.4%44.8%
Term Structure-0.2%-3.5%3.0%-3.5%-1.9%
VWIV46.1%40.6%92.7%92.7%45.3%
Skew 25d0.5%-4.8%2.7%0.8%0.8%
Skew 10d2.1%-7.7%11.7%-4.8%8.4%
Call IV 25d45.7%39.7%76.2%76.2%45.4%
Put IV 25d46.1%40.4%77.0%77.0%46.2%
Bid-Ask Spread %44.7427.9054.9045.2042.94
Gamma HHI0.100.040.180.040.18
Net GEX780.2K-3.1M5.5M-394.3K-3.1M
Net DEX-13.2M-120.1M78.5M78.5M21.7M
Net VEX-817.8K-897.4K-732.6K-732.6K-778.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.140.404.530.481.56
Total Volume4,997.6821,25015,5707,5662,962
Total OI59,556.54549,40579,07356,25252,426

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$95.72$115.0078.1%26.6%48.0%84.1%92.7%0.8%-3.5%-394.3K78.5M-732.6K0.4845.205,1042,46227,95628,296
2024-05-02$113.91$115.0054.3%15.7%81.6%39.7%55.2%1.0%-2.1%2.8M-26.9M-826.0K0.6846.449,0006,10231,56230,118
2024-05-03$115.64$113.0042.6%11.6%81.6%17.8%41.7%0.4%1.7%2.8M-47.7M-815.0K0.7954.904,2043,30634,74032,644
2024-05-06$121.64$105.0043.5%12.9%83.7%19.4%45.0%1.6%1.2%2.6M-64.9M-831.8K0.4139.573,5691,48127,75828,125
2024-05-07$121.47$110.0042.4%12.5%83.6%17.5%43.2%2.1%1.0%3.4M-67.7M-831.6K1.3541.658961,20829,57428,778
2024-05-08$119.97$110.0043.0%12.0%83.0%18.5%42.0%1.2%-1.1%3.3M-55.2M-816.9K1.4447.4551273829,76129,209
2024-05-09$120.12$110.0042.1%11.8%82.9%16.9%46.3%-3.9%-2.5%3.9M-58.0M-804.5K4.5350.296803,08229,89129,171
2024-05-10$119.07$110.0039.7%11.6%80.2%12.5%40.6%0.7%1.8%2.3M-42.5M-802.1K0.5353.441,63886230,03031,260
2024-05-13$124.04$115.0045.4%12.8%81.0%23.1%45.1%1.9%-1.2%2.5M-67.5M-798.0K0.4447.498,7023,78725,54128,892
2024-05-14$126.98$115.0045.3%12.7%79.9%22.9%45.3%-1.4%-1.1%5.5M-120.1M-897.4K0.5748.219,8865,68432,98931,972
2024-05-15$122.02$115.0046.1%12.4%80.9%24.3%43.3%2.7%-1.0%3.9M-62.2M-895.0K2.6551.531,1813,13539,46636,078
2024-05-16$122.21$115.0043.0%12.2%79.0%18.6%43.4%0.1%-1.6%2.9M-58.7M-885.8K1.3751.171,5752,15939,64738,363
2024-05-17$117.88$115.0041.5%11.9%80.5%15.9%42.4%2.2%-0.1%265.4K-6.9M-856.4K0.7054.522,9382,06239,96439,109
2024-05-20$118.00$115.0041.7%11.9%80.5%16.1%41.5%0.7%0.5%66.5K-1.9M-858.8K0.4027.901,85174624,70327,635
2024-05-21$114.46$119.0041.7%11.9%81.6%16.1%41.6%0.9%1.1%-1.9M25.4M-822.6K1.8731.521,3412,51325,88828,220
2024-05-22$113.86$116.0043.1%12.4%81.6%18.8%42.7%0.8%-0.3%-2.4M30.2M-827.8K0.5639.171,8651,03526,47328,895
2024-05-23$109.17$116.0044.0%12.5%81.6%20.4%42.9%1.0%3.0%-3.1M68.4M-790.0K1.5843.401,3502,13127,37229,375
2024-05-24$111.41$115.0043.1%12.2%81.4%18.9%41.6%1.0%1.3%-2.8M51.1M-801.3K1.0139.761,0911,10528,00329,461
2024-05-28$111.15$115.0045.2%12.8%80.8%22.6%44.6%0.7%-0.0%-1.6M34.3M-777.7K0.4041.191,49560323,82125,584
2024-05-29$109.13$115.0045.4%12.7%73.7%23.0%44.0%-4.8%-1.0%-2.0M48.5M-766.5K1.2843.8174294724,55125,954
2024-05-30$111.41$115.0045.3%12.8%73.9%22.9%44.9%0.2%0.6%-1.8M32.3M-774.6K0.4942.631,49172824,95626,033
2024-05-31$112.99$115.0045.2%12.5%40.3%22.7%45.3%0.8%-1.9%-3.1M21.7M-778.7K1.5642.941,1561,80625,98126,445