CAR Options History — November 2025

In November 2025, CAR traded between $126.72 and $144.18. ATM implied volatility averaged 47.6%, placing in the 9.8% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 4.2% (HV 20d: 43.4%). Max pain ranged from $130.00 to $160.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 2.81.

Notable Days

  • 2025-11-20: Highest Volume — 11,347 contracts
  • 2025-11-17: Largest IV spike — 9.7% change
  • 2025-11-17: Highest IV Rank — 16.7%
  • 2025-11-17: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$136.34$126.72$144.18$133.44$135.04
Max Pain$137.11$130.00$160.00$160.00$130.00
ATM IV47.6%43.2%52.2%45.9%47.2%
Expected Move14.1%13.2%15.2%14.0%13.4%
HV 20d43.4%37.0%50.3%37.0%42.9%
HV 60d35.4%33.2%37.0%34.8%36.5%
IV Rank9.8%3.4%16.7%7.4%9.3%
IV Percentile16.0%3.2%31.3%7.1%15.5%
Term Structure0.0%-4.5%6.2%1.7%-2.3%
VWIV47.6%38.5%52.0%48.7%46.8%
Skew 25d5.6%-1.3%10.8%3.8%10.4%
Skew 10d13.2%-10.8%28.9%25.5%17.8%
Call IV 25d45.4%41.4%51.0%45.9%41.6%
Put IV 25d51.0%46.6%55.9%49.7%52.0%
Bid-Ask Spread %81.5070.7589.1382.4377.02
Gamma HHI0.090.060.110.080.10
Net GEX-13.6M-16.6M-11.1M-14.3M-11.2M
Net DEX691.8M577.9M881.1M779.5M610.0M
Net VEX-3.5M-4.3M-2.9M-3.8M-2.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.810.1416.150.870.33
Total Volume3,397.15818511,3471,609185
Total OI297,920.211270,584307,684304,790271,272

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-11-03$133.44$160.0045.9%14.0%37.0%7.4%48.7%3.8%1.7%-14.3M779.5M-3.8M0.8782.43859750134,858169,932
2025-11-04$139.44$160.0046.3%13.7%40.9%8.0%49.7%5.3%1.9%-13.2M665.5M-4.1M0.7378.882,4201,762135,328169,982
2025-11-05$139.96$160.0047.5%14.3%40.8%9.8%49.9%8.5%-0.5%-12.9M662.0M-4.1M3.4177.08237808136,164171,284
2025-11-06$138.61$135.0048.3%14.5%40.9%11.0%50.1%3.1%0.5%-13.2M677.8M-4.1M1.2677.40323406136,253171,431
2025-11-07$143.19$135.0044.6%14.2%42.8%5.4%49.2%9.9%0.6%-11.8M577.9M-4.3M1.5083.459391,411136,413171,060
2025-11-10$142.88$135.0047.8%13.8%42.2%10.2%46.5%3.8%1.1%-13.2M595.8M-4.0M1.4384.22657938135,334169,725
2025-11-11$144.14$135.0046.0%14.0%39.2%7.6%47.6%4.5%2.3%-13.1M597.5M-4.0M0.7081.22267187135,697170,478
2025-11-12$144.18$135.0043.2%13.4%39.0%3.4%45.6%-1.3%6.2%-13.8M578.1M-4.0M0.6682.52938615135,814170,606
2025-11-13$138.71$135.0046.3%13.2%40.9%8.0%38.5%1.3%-0.5%-16.1M713.4M-3.7M7.1685.469676,920136,453171,011
2025-11-14$138.58$135.0047.6%13.8%40.9%9.8%45.9%7.0%0.8%-16.6M718.1M-3.6M1.3684.70516701137,202169,611
2025-11-17$129.89$135.0052.2%15.2%46.2%16.7%49.2%7.1%-3.7%-14.8M881.1M-3.2M4.2386.999694,097136,474168,976
2025-11-18$129.97$135.0050.0%14.3%44.9%13.4%47.4%7.3%-1.0%-15.6M837.1M-3.1M1.4682.228851,293138,279166,331
2025-11-19$133.11$130.0051.6%14.8%46.3%15.8%48.7%8.9%-4.5%-15.3M791.9M-3.2M0.5287.912,7661,439137,714164,804
2025-11-20$126.72$130.0051.3%14.8%48.4%15.4%52.0%0.5%0.6%-14.4M844.5M-3.1M5.2387.031,8229,525137,367165,163
2025-11-21$131.46$130.0050.4%14.8%50.0%14.0%51.3%1.7%-3.5%-14.2M716.2M-3.0M0.6989.133,9822,762138,284158,018
2025-11-24$132.31$130.0048.3%13.7%50.3%11.0%45.6%10.8%-0.7%-11.8M674.2M-2.9M5.5071.916933,811121,269149,315
2025-11-25$134.75$130.0045.3%13.5%47.0%6.5%45.4%7.1%-0.9%-11.1M619.5M-3.0M16.1570.753816,154121,711149,271
2025-11-26$134.06$130.0043.9%13.7%43.4%4.4%45.6%5.9%2.0%-11.6M604.0M-2.9M0.1478.161,017144121,868149,732
2025-11-28$135.04$130.0047.2%13.4%42.9%9.3%46.8%10.4%-2.3%-11.2M610.0M-2.9M0.3377.0213946121,501149,771