CART Options History — December 2023

In December 2023, CART traded between $23.37 and $26.02. ATM implied volatility averaged 45.7%. The 30-day expected move averaged 13.0%. IV traded below realized volatility by 10.3% (HV 20d: 55.9%). Max pain ranged from $26.00 to $28.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.97.

Notable Days

  • 2023-12-04: Highest Volume — 17,971 contracts
  • 2023-12-04: Largest IV spike — 3.5% change
  • 2023-12-04: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.18$23.37$26.02$25.41$23.43
Max Pain$27.90$26.00$28.00$26.00$28.00
ATM IV45.7%44.3%46.9%44.4%45.5%
Expected Move13.0%12.1%13.4%13.1%12.1%
HV 20d55.9%45.8%65.3%63.6%51.9%
HV 60d68.4%65.5%70.6%70.6%65.5%
Term Structure1.0%-0.3%3.1%-0.3%1.5%
VWIV46.0%43.1%50.1%46.3%43.1%
Skew 25d1.1%-1.1%3.3%2.1%-0.4%
Skew 10d1.8%-2.7%5.8%2.0%3.0%
Call IV 25d45.5%43.5%47.0%43.5%46.3%
Put IV 25d46.6%44.3%48.7%45.6%45.9%
Bid-Ask Spread %43.6216.7672.3347.0146.53
Gamma HHI0.100.090.140.120.14
Net GEX-505.7K-853.1K69.9K-403.6K-853.1K
Net DEX65.2M31.4M81.7M45.6M81.7M
Net VEX-368.6K-461.4K-261.1K-286.1K-342.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.133.281.100.98
Total Volume4,188.2582617,9714,7531,822
Total OI126,972.3591,618139,51891,943135,249

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$25.41$26.0044.4%13.1%63.6%0.0%46.3%2.1%-0.3%-403.6K45.6M-286.1K1.1047.01N/AN/A2,2642,48937,60354,340
2023-12-04$24.48$28.0046.0%13.4%64.6%0.0%45.8%2.3%0.7%-451.3K57.4M-261.1K0.9628.48N/AN/A9,1858,78636,57555,043
2023-12-05$23.41$28.0046.4%13.2%65.3%0.0%46.8%0.6%0.9%-621.2K67.5M-302.3K0.9747.82N/AN/A5,4395,28045,26663,517
2023-12-06$23.44$28.0046.7%13.3%62.5%0.0%46.3%1.6%-0.1%-738.0K71.1M-324.8K0.6749.74N/AN/A3,4642,33049,52067,715
2023-12-07$23.75$28.0046.2%13.3%60.3%0.0%47.6%1.4%0.3%-736.1K66.6M-344.1K1.6237.46N/AN/A2,2673,66451,59869,509
2023-12-08$24.47$28.0044.9%13.0%48.0%0.0%45.4%3.3%1.1%-485.6K58.7M-392.7K0.5838.30N/AN/A1,59692755,83674,329
2023-12-11$24.13$28.0046.0%13.3%45.8%0.0%46.2%0.9%0.1%-544.3K67.0M-405.6K0.5259.11N/AN/A54228458,26176,713
2023-12-12$23.54$28.0045.0%13.2%46.0%0.0%50.1%2.5%1.0%-686.2K77.3M-375.4K0.5158.99N/AN/A1,16659958,51276,872
2023-12-13$24.73$28.0045.4%13.2%49.8%0.0%46.0%1.1%-0.2%-428.5K56.3M-420.1K3.2872.33N/AN/A1,0793,54159,23477,039
2023-12-14$26.02$28.0046.0%13.3%53.1%0.0%47.0%-0.2%-0.0%69.9K31.4M-461.4K0.6950.23N/AN/A2,2701,55559,38179,521
2023-12-15$24.47$28.0044.6%12.9%56.2%0.0%45.0%0.1%0.8%-195.9K62.5M-411.8K2.1653.77N/AN/A1,3722,97059,38080,138
2023-12-18$25.02$28.0044.4%12.8%56.7%0.0%45.1%2.2%1.6%-470.8K54.3M-418.5K0.7220.59N/AN/A2,1211,53352,56975,848
2023-12-19$24.61$28.0044.3%12.7%56.4%0.0%44.0%-0.2%3.1%-436.5K60.6M-407.7K0.9440.99N/AN/A1,1371,07253,42476,269
2023-12-20$23.37$28.0045.8%13.1%57.4%0.0%46.1%-0.0%1.8%-582.1K78.9M-372.3K1.1716.76N/AN/A1,4771,72554,39577,045
2023-12-21$23.48$28.0046.8%13.3%57.1%0.0%46.2%0.1%0.9%-644.0K77.9M-373.0K0.2148.29N/AN/A2,10345055,24477,877
2023-12-22$23.84$28.0046.1%13.0%56.5%0.0%45.2%-1.1%1.9%-589.3K72.7M-383.1K0.9345.31N/AN/A1,1091,02756,46178,065
2023-12-26$24.04$28.0046.9%13.0%55.9%0.0%47.6%1.6%1.6%-515.1K69.9M-372.1K0.1330.27N/AN/A1,64021954,74577,910
2023-12-27$24.00$28.0046.1%12.9%55.7%0.0%44.7%3.2%1.6%-464.8K72.5M-360.3K0.5146.57N/AN/A1,41772055,68778,000
2023-12-28$23.90$28.0045.7%12.5%55.3%0.0%44.8%1.2%2.1%-337.0K73.8M-357.2K0.7333.79N/AN/A65147356,49178,266
2023-12-29$23.43$28.0045.5%12.1%51.9%0.0%43.1%-0.4%1.5%-853.1K81.7M-342.2K0.9846.53N/AN/A92290056,63878,611