CAR Options History — February 2025

In February 2025, CAR traded between $77.56 and $97.41. ATM implied volatility averaged 60.6%, placing in the 34.7% IV rank vs the trailing year. The 30-day expected move averaged 17.9%. IV traded above realized volatility by 10.7% (HV 20d: 49.9%). Max pain ranged from $89.00 to $90.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.98.

Notable Days

2025-02-12: Highest Volume — 13,917 contracts
2025-02-12: Largest IV drop — 26.5% change
2025-02-03: Highest IV Rank — 61.0%
2025-02-05: Largest Expected Move — 26.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$87.56	$77.56	$97.41	$87.69	$77.56
Max Pain	$89.95	$89.00	$90.00	$89.00	$90.00
ATM IV	60.6%	48.8%	76.4%	76.4%	55.3%
Expected Move	17.9%	14.1%	26.1%	25.8%	16.2%
HV 20d	49.9%	33.5%	65.2%	35.0%	65.1%
HV 60d	45.8%	41.3%	49.4%	46.8%	48.8%
IV Rank	34.7%	15.1%	61.0%	61.0%	25.8%
IV Percentile	45.8%	15.1%	82.1%	82.1%	37.3%
Term Structure	-0.9%	-6.1%	6.9%	-5.3%	-0.0%
VWIV	62.1%	47.6%	98.5%	89.8%	56.3%
Skew 25d	5.4%	-1.9%	19.4%	4.1%	5.1%
Skew 10d	17.3%	-5.2%	44.4%	5.7%	33.2%
Call IV 25d	57.4%	31.9%	73.3%	73.3%	53.8%
Put IV 25d	62.8%	50.1%	78.2%	77.4%	58.8%
Bid-Ask Spread %	47.65	24.92	63.59	29.78	63.59
Gamma HHI	0.08	0.06	0.15	0.08	0.10
Net GEX	179.6K	-1.9M	2.9M	73.6K	-1.7M
Net DEX	3.5M	-80.1M	58.8M	11.3M	58.8M
Net VEX	-605.7K	-829.6K	-423.2K	-423.7K	-691.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.98	0.17	7.50	0.59	5.65
Total Volume	4,390	584	13,917	2,152	4,070
Total OI	47,020.842	31,867	62,875	31,867	52,758

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-02-03	$87.69	$89.00	76.4%	25.8%	35.0%	61.0%	89.8%	4.1%	-5.3%	73.6K	11.3M	-423.7K	0.59	29.78	1,351	801	14,304	17,563
2025-02-04	$88.70	$90.00	73.7%	25.5%	34.5%	56.5%	88.3%	7.5%	-3.0%	228.8K	7.6M	-430.9K	1.17	37.63	632	742	15,412	17,959
2025-02-05	$87.91	$90.00	72.9%	26.1%	33.5%	55.2%	98.5%	5.1%	-1.5%	45.4K	11.5M	-431.7K	0.73	39.06	338	246	15,859	18,695
2025-02-06	$90.48	$90.00	73.9%	20.1%	33.9%	56.7%	70.9%	5.9%	-3.7%	301.1K	2.7M	-436.4K	1.04	26.76	380	395	15,978	18,842
2025-02-07	$87.16	$90.00	73.8%	20.4%	36.6%	56.6%	68.0%	3.7%	-6.1%	219.7K	15.4M	-423.2K	0.59	24.92	705	418	16,625	19,022
2025-02-10	$89.38	$90.00	75.1%	20.6%	35.7%	58.7%	74.3%	-1.9%	-1.5%	71.2K	4.3M	-428.6K	2.05	33.83	2,203	4,524	15,252	18,546
2025-02-11	$89.93	$90.00	75.4%	20.3%	35.6%	59.3%	70.9%	4.9%	-3.8%	168.7K	2.8M	-451.0K	1.32	41.95	4,753	6,257	16,738	20,895
2025-02-12	$82.51	$90.00	55.4%	14.9%	47.3%	26.0%	51.4%	1.8%	-3.5%	-1.9M	48.3M	-478.1K	1.11	60.49	6,582	7,335	20,564	26,012
2025-02-13	$85.99	$90.00	49.0%	14.3%	46.8%	15.5%	49.3%	2.6%	1.3%	-702.6K	24.4M	-520.6K	0.17	58.82	9,109	1,551	24,983	29,122
2025-02-14	$91.44	$90.00	48.8%	14.3%	51.9%	15.1%	49.1%	19.4%	1.8%	2.2M	-38.4M	-718.4K	0.38	57.40	7,168	2,704	32,601	30,274
2025-02-18	$97.41	$90.00	49.7%	14.3%	55.9%	16.5%	47.6%	4.2%	-0.3%	2.7M	-80.1M	-828.2K	0.32	55.43	3,281	1,042	29,515	28,344
2025-02-19	$94.95	$90.00	49.7%	14.3%	56.6%	16.6%	48.3%	5.2%	1.4%	2.9M	-64.8M	-826.2K	0.75	56.13	849	634	30,706	28,979
2025-02-20	$94.48	$90.00	49.4%	14.1%	56.3%	16.1%	48.0%	3.6%	1.1%	2.6M	-60.5M	-829.6K	0.66	57.77	582	386	31,235	29,447
2025-02-21	$86.61	$90.00	54.4%	15.6%	64.5%	24.4%	52.3%	6.2%	-0.5%	186.7K	2.3M	-752.4K	2.49	62.40	913	2,271	31,495	29,646
2025-02-24	$86.36	$90.00	53.0%	15.0%	64.5%	22.1%	50.8%	5.1%	6.9%	9.7K	10.9M	-735.8K	2.68	38.54	676	1,812	23,732	23,393
2025-02-25	$84.22	$90.00	52.7%	15.8%	64.9%	21.5%	55.0%	6.7%	1.0%	-849.7K	22.2M	-721.3K	1.17	44.34	903	1,052	24,232	24,090
2025-02-26	$80.84	$90.00	55.1%	16.0%	65.2%	25.6%	53.7%	5.9%	1.0%	-1.4M	38.4M	-675.9K	7.50	54.77	624	4,678	24,606	23,992
2025-02-27	$79.94	$90.00	57.9%	16.3%	65.2%	30.2%	56.7%	7.7%	-2.7%	-1.7M	49.5M	-705.0K	7.34	61.67	173	1,270	24,890	27,090
2025-02-28	$77.56	$90.00	55.3%	16.2%	65.1%	25.8%	56.3%	5.1%	-0.0%	-1.7M	58.8M	-691.1K	5.65	63.59	612	3,458	24,952	27,806