CAR Options History — June 2025

In June 2025, CAR traded between $111.71 and $179.22. ATM implied volatility averaged 53.5%, placing in the 13.4% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded below realized volatility by 1.7% (HV 20d: 55.2%). Max pain ranged from $90.00 to $150.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.99.

Notable Days

2025-06-27: Highest Volume — 50,977 contracts
2025-06-24: Largest IV spike — 40.6% change
2025-06-24: Highest IV Rank — 47.7%
2025-06-24: Largest Expected Move — 23.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$137.33	$111.71	$179.22	$119.17	$168.49
Max Pain	$120.00	$90.00	$150.00	$90.00	$150.00
ATM IV	53.5%	46.7%	75.9%	49.6%	61.0%
Expected Move	15.4%	13.4%	23.1%	14.5%	15.9%
HV 20d	55.2%	40.9%	77.0%	40.9%	77.0%
HV 60d	82.7%	78.1%	91.1%	90.7%	79.0%
IV Rank	13.4%	2.8%	47.7%	8.4%	23.1%
IV Percentile	19.9%	3.2%	75.8%	9.5%	42.9%
Term Structure	2.7%	-2.5%	9.5%	0.8%	9.4%
VWIV	55.1%	46.5%	79.0%	51.1%	55.3%
Skew 25d	2.8%	-2.8%	5.9%	3.6%	1.3%
Skew 10d	-1.5%	-22.9%	20.9%	-6.4%	4.8%
Call IV 25d	52.2%	44.6%	78.8%	47.7%	60.1%
Put IV 25d	55.0%	48.2%	77.5%	51.3%	61.4%
Bid-Ask Spread %	51.55	40.99	72.78	42.74	72.78
Gamma HHI	0.11	0.06	0.30	0.08	0.10
Net GEX	8.6M	2.3M	16.0M	4.8M	3.6M
Net DEX	-604.6M	-1.14B	-259.3M	-388.5M	-738.4M
Net VEX	-2.9M	-4.4M	-2.4M	-2.5M	-4.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.99	0.17	2.04	0.51	1.49
Total Volume	15,537.95	1,664	50,977	2,581	28,570
Total OI	205,215.7	166,252	261,328	166,252	261,328

Daily Data (20 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
2025-06-02	$119.17	$90.00	49.6%	14.5%	40.9%	8.4%	51.1%	3.6%	0.8%	4.8M	-388.5M	-2.5M	0.51	42.74	1,714	867	76,237	90,015
2025-06-03	$117.07	$90.00	48.7%	13.4%	42.1%	7.0%	47.5%	2.8%	1.1%	4.3M	-354.3M	-2.4M	0.52	46.75	1,846	952	77,348	90,747
2025-06-04	$111.71	$90.00	48.4%	14.6%	46.5%	6.6%	48.9%	3.8%	4.8%	2.3M	-259.3M	-2.4M	1.09	58.65	14,421	15,665	77,979	91,245
2025-06-05	$117.79	$110.00	51.0%	14.9%	47.9%	10.5%	53.0%	2.9%	1.9%	7.9M	-388.5M	-2.9M	2.04	45.79	6,069	12,389	90,067	105,370
2025-06-06	$122.85	$110.00	48.2%	14.2%	49.1%	6.3%	49.6%	1.9%	0.5%	9.8M	-475.7M	-3.1M	1.17	45.73	4,678	5,451	90,910	119,089
2025-06-09	$127.03	$115.00	48.7%	14.5%	49.4%	6.9%	49.6%	3.5%	2.6%	10.8M	-568.5M	-2.9M	0.52	43.42	4,874	2,521	89,496	116,659
2025-06-10	$126.16	$120.00	46.7%	13.7%	49.4%	3.8%	47.4%	3.8%	1.3%	11.3M	-542.9M	-2.9M	0.51	42.76	3,752	1,911	90,403	118,410
2025-06-11	$126.69	$120.00	48.3%	13.6%	48.0%	6.3%	46.9%	3.9%	-0.6%	12.4M	-545.9M	-2.9M	0.38	45.01	2,619	984	90,707	118,164
2025-06-12	$125.17	$120.00	46.8%	13.4%	47.9%	2.8%	46.5%	3.5%	-2.5%	11.5M	-509.4M	-2.8M	0.81	52.92	917	747	90,499	118,485
2025-06-13	$120.72	$120.00	50.8%	14.8%	50.4%	8.9%	61.9%	4.5%	1.8%	5.7M	-380.7M	-2.8M	1.53	49.79	4,576	7,013	90,737	119,137
2025-06-16	$126.69	$120.00	49.4%	14.2%	51.8%	6.6%	58.7%	5.9%	0.4%	9.0M	-496.5M	-2.8M	0.17	40.99	9,068	1,561	85,474	121,507
2025-06-17	$127.31	$120.00	51.5%	14.8%	51.2%	10.0%	57.3%	5.3%	1.2%	10.6M	-519.3M	-2.7M	0.86	48.19	5,137	4,443	86,729	122,171
2025-06-18	$129.88	$120.00	50.0%	14.3%	51.2%	7.7%	50.2%	4.5%	-0.3%	14.5M	-554.2M	-2.8M	1.39	51.23	1,144	1,588	86,484	125,660
2025-06-20	$134.42	$120.00	50.2%	14.4%	50.4%	8.0%	52.0%	5.5%	0.7%	16.0M	-673.4M	-2.7M	0.55	48.26	6,476	3,578	87,076	126,899
2025-06-23	$146.97	$120.00	54.0%	15.3%	53.4%	13.9%	56.4%	2.3%	6.5%	5.3M	-557.4M	-2.7M	0.96	53.52	11,254	10,760	66,409	107,816
2025-06-24	$172.02	$120.00	75.9%	23.1%	74.4%	47.7%	79.0%	-1.3%	2.9%	6.2M	-932.1M	-2.9M	0.92	52.05	17,669	16,222	75,850	116,515
2025-06-25	$174.68	$145.00	65.3%	19.7%	74.4%	30.1%	67.6%	0.7%	5.5%	8.9M	-1.05B	-3.0M	1.81	58.96	5,884	10,671	85,371	128,371
2025-06-26	$179.22	$150.00	68.5%	19.6%	73.4%	35.2%	68.4%	-2.8%	6.1%	10.5M	-1.14B	-3.1M	0.61	59.86	19,735	12,056	90,128	134,812
2025-06-27	$172.50	$150.00	57.8%	15.6%	75.6%	17.9%	55.0%	0.2%	9.5%	7.5M	-1.02B	-3.4M	1.88	71.49	17,697	33,280	100,053	143,957
2025-06-30	$168.49	$150.00	61.0%	15.9%	77.0%	23.1%	55.3%	1.3%	9.4%	3.6M	-738.4M	-4.4M	1.49	72.78	11,463	17,107	102,139	159,189