CAR Options History — January 2025

In January 2025, CAR traded between $80.34 and $93.33. ATM implied volatility averaged 67.4%, placing in the 46.0% IV rank vs the trailing year. The 30-day expected move averaged 20.9%. IV traded above realized volatility by 30.0% (HV 20d: 37.4%). Max pain ranged from $89.00 to $100.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.93.

Notable Days

  • 2025-01-23: Highest Volume — 3,755 contracts
  • 2025-01-10: Largest IV spike — 8.4% change
  • 2025-01-31: Highest IV Rank — 59.4%
  • 2025-01-31: Largest Expected Move — 24.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$87.91$80.34$93.33$80.34$89.91
Max Pain$90.95$89.00$100.00$100.00$90.00
ATM IV67.4%55.6%75.5%56.4%75.5%
Expected Move20.9%15.1%24.0%15.9%24.0%
HV 20d37.4%29.4%44.3%39.4%33.4%
HV 60d51.7%46.6%53.8%53.3%46.6%
IV Rank46.0%26.4%59.4%27.6%59.4%
IV Percentile67.8%40.9%81.3%42.5%81.3%
Term Structure3.5%-5.2%13.6%13.6%-5.2%
VWIV72.9%51.1%85.2%54.4%85.2%
Skew 25d6.5%-1.0%14.5%3.8%4.5%
Skew 10d13.6%-1.9%41.1%10.0%8.4%
Call IV 25d64.8%53.0%75.2%53.0%75.2%
Put IV 25d71.3%56.8%79.6%56.8%79.6%
Bid-Ask Spread %43.2230.6865.0265.0233.67
Gamma HHI0.110.080.210.120.08
Net GEX150.8K-1.5M2.1M-1.3M189.4K
Net DEX22.7M-10.5M65.8M65.8M4.5M
Net VEX-423.8K-465.6K-394.6K-397.7K-438.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.282.531.810.57
Total Volume1,793.157413,7551,2151,661
Total OI37,608.9528,56943,69040,68634,171

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$80.34$100.0056.4%15.9%39.4%27.6%54.4%3.8%13.6%-1.3M65.8M-397.7K1.8165.0243278317,49823,188
2025-01-03$82.11$100.0055.6%15.1%40.8%26.4%51.1%2.2%10.8%-1.3M59.5M-404.9K0.8663.921,11996417,77923,276
2025-01-06$84.44$90.0056.4%20.5%43.0%27.7%71.3%11.1%12.3%-968.4K49.8M-412.8K0.5045.861,05853117,00823,251
2025-01-07$86.63$90.0056.5%20.7%42.5%27.8%72.1%12.9%13.4%-480.3K39.7M-420.0K0.6344.0868943217,64123,455
2025-01-08$86.41$90.0059.6%20.7%42.5%33.0%72.3%6.0%9.7%-550.7K43.6M-411.5K1.0945.0443847618,04323,681
2025-01-10$83.80$90.0064.6%21.2%43.3%41.3%73.2%-1.0%9.3%-1.4M55.8M-394.6K0.4646.401,65076718,23023,949
2025-01-13$83.39$90.0067.2%21.5%43.1%45.6%73.8%7.5%6.7%-1.5M54.4M-399.1K0.2850.2294926917,34423,306
2025-01-14$84.89$90.0068.2%21.2%42.6%47.2%73.9%12.1%3.6%-1.4M47.2M-406.6K0.5648.411,9431,09218,11323,328
2025-01-15$88.84$90.0067.7%20.4%44.3%46.5%71.3%14.5%3.7%361.2K20.1M-420.2K0.9248.6793486019,87722,758
2025-01-16$88.84$90.0066.3%20.3%43.1%44.1%70.7%10.9%6.8%460.5K19.9M-419.4K0.9345.6859455120,54923,141
2025-01-17$90.94$90.0069.4%20.3%43.9%49.3%69.6%3.4%6.2%943.8K2.9M-418.4K0.3249.491,36843420,69122,923
2025-01-21$89.80$90.0070.9%20.5%31.3%51.8%73.0%5.4%-0.5%1.3M-180.4K-405.1K0.6833.381,03970913,04315,526
2025-01-22$91.47$90.0072.9%20.9%30.8%55.1%73.7%4.3%-2.8%1.8M-9.2M-418.6K0.6632.1844729513,86616,015
2025-01-23$90.59$90.0072.0%20.8%31.1%53.7%73.9%5.0%-3.2%2.1M-5.0M-416.6K2.4330.681,0962,65914,08416,271
2025-01-24$89.91$90.0072.1%20.7%30.3%53.8%73.2%3.7%-3.5%1.1M4.8M-444.0K1.5637.798891,38514,85218,837
2025-01-27$89.09$90.0074.2%22.6%30.7%57.3%79.4%4.3%-1.5%11.3K12.1M-452.7K0.5536.551,48481713,36519,251
2025-01-28$91.59$90.0074.1%23.0%31.8%57.1%79.0%6.7%-2.8%800.9K-273.3K-463.8K0.3734.7953920214,80219,495
2025-01-29$91.81$90.0075.4%23.7%30.5%59.3%84.9%7.7%-4.3%1.0M-1.8M-465.6K0.9435.9666862815,11619,514
2025-01-30$93.33$89.0072.8%23.4%29.4%54.9%81.4%5.1%-1.9%1.7M-10.5M-465.3K2.5336.728542,15815,38019,562
2025-01-31$89.91$90.0075.5%24.0%33.4%59.4%85.2%4.5%-5.2%189.4K4.5M-438.9K0.5733.671,05860315,70618,465