CART Options History — March 2024

In March 2024, CART traded between $32.86 and $38.11. ATM implied volatility averaged 50.5%, placing in the 3.5% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded above realized volatility by 15.2% (HV 20d: 35.3%). Max pain ranged from $27.00 to $34.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.50.

Notable Days

  • 2024-03-18: Highest Volume — 52,449 contracts
  • 2024-03-26: Largest IV spike — 14.0% change
  • 2024-03-26: Highest IV Rank — 6.7%
  • 2024-03-04: Largest Expected Move — 17.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.87$32.86$38.11$33.30$37.25
Max Pain$33.05$27.00$34.00$27.00$34.00
ATM IV50.5%39.0%59.9%56.9%42.9%
Expected Move14.4%10.9%17.6%17.2%10.9%
HV 20d35.3%28.1%44.7%44.7%28.1%
HV 60d46.4%43.4%49.8%49.8%44.1%
IV Rank3.5%0.0%6.7%0.0%4.7%
IV Percentile1.8%0.0%4.7%0.0%1.6%
Term Structure1.1%-6.5%15.5%-2.3%-1.5%
VWIV50.4%37.6%61.7%59.5%37.6%
Skew 25d-0.6%-7.0%10.9%-2.1%-0.4%
Skew 10d-2.6%-11.4%1.8%-11.4%1.8%
Call IV 25d51.5%40.4%62.0%61.2%40.4%
Put IV 25d50.9%40.0%64.2%59.1%40.0%
Bid-Ask Spread %33.4920.7248.6041.8548.60
Gamma HHI0.180.110.390.390.11
Net GEX3.8M1.7M7.6M7.6M1.8M
Net DEX-244.9M-339.7M-162.7M-289.1M-178.9M
Net VEX-486.6K-571.8K-377.9K-512.9K-558.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.051.750.190.14
Total Volume11,247.63,68852,44932,4134,337
Total OI190,535.1124,941242,735242,735154,819

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$33.30$27.0056.9%17.2%44.7%0.0%59.5%-2.1%-2.3%7.6M-289.1M-512.9K0.1941.85N/AN/A27,1665,247137,020105,715
2024-03-04$33.83$33.0059.4%17.6%44.1%0.0%61.2%-2.9%2.3%4.3M-270.2M-503.8K0.5727.53N/AN/A3,6762,096125,370101,566
2024-03-05$32.86$33.0059.9%17.4%42.0%0.0%61.7%-2.9%0.6%4.0M-231.9M-494.9K0.1731.99N/AN/A8,2251,375123,508102,601
2024-03-06$33.73$33.0059.2%17.0%42.1%0.0%60.9%-3.6%0.3%5.0M-265.8M-475.5K0.1030.24N/AN/A6,559676126,191103,097
2024-03-07$34.61$33.0058.4%16.9%41.7%0.0%59.0%-2.9%0.4%5.3M-295.9M-450.4K0.2738.05N/AN/A5,9131,609123,552103,503
2024-03-08$34.58$33.0056.1%16.2%38.0%0.0%57.0%6.6%0.9%4.0M-296.8M-433.2K0.1923.31N/AN/A5,9621,124124,028104,051
2024-03-11$34.70$33.0055.4%15.9%37.8%0.0%54.0%-1.3%0.1%3.9M-281.4M-417.8K0.9220.72N/AN/A1,9791,830117,05499,761
2024-03-12$35.50$33.0055.0%15.6%37.4%0.0%54.9%-0.8%-0.4%3.9M-309.2M-399.7K1.5722.56N/AN/A1,8332,884117,789100,864
2024-03-13$35.34$33.0052.1%15.0%37.4%0.0%52.5%10.9%-6.5%4.6M-305.5M-396.3K1.3431.96N/AN/A2,1932,947118,287102,933
2024-03-14$35.68$33.0050.6%14.3%36.9%0.0%49.7%-7.0%-0.1%4.5M-317.0M-380.5K0.5540.12N/AN/A5,8163,182117,750105,123
2024-03-15$36.33$33.0048.0%14.4%30.7%0.0%48.7%0.1%2.3%2.6M-339.7M-377.9K0.3539.48N/AN/A19,3256,820119,716107,169
2024-03-18$37.17$33.0050.5%14.3%29.7%0.0%47.4%-1.2%0.9%1.7M-162.7M-405.0K0.0536.81N/AN/A50,1842,26568,40856,533
2024-03-19$36.93$33.0047.5%13.7%30.6%0.0%47.6%-0.8%-1.1%2.8M-180.0M-571.8K1.7532.22N/AN/A1,3412,34784,83057,808
2024-03-20$38.11$34.0046.1%13.2%30.5%0.0%46.9%-4.2%-2.2%3.5M-208.9M-559.1K0.1326.00N/AN/A9,0891,17485,29659,573
2024-03-21$38.02$34.0044.6%12.7%29.1%0.0%44.2%-0.3%1.0%4.8M-215.8M-564.3K0.4834.90N/AN/A3,4881,67690,90960,051
2024-03-22$37.58$34.0043.3%12.3%30.2%0.0%43.4%-0.8%0.7%4.2M-202.3M-562.0K0.3034.09N/AN/A6,4481,92792,09761,177
2024-03-25$38.08$34.0039.0%11.8%29.7%0.0%41.7%-0.1%15.5%3.3M-204.9M-545.4K0.1441.76N/AN/A9,6851,32187,72359,586
2024-03-26$36.81$34.0044.5%11.2%33.5%6.7%39.9%1.1%5.3%2.4M-169.5M-562.0K0.6222.08N/AN/A3,6712,27490,84860,395
2024-03-27$37.00$34.0041.0%11.1%32.3%2.5%39.5%0.5%4.7%2.4M-172.5M-560.3K0.2145.49N/AN/A4,38690292,02761,974
2024-03-28$37.25$34.0042.9%10.9%28.1%4.7%37.6%-0.4%-1.5%1.8M-178.9M-558.5K0.1448.60N/AN/A3,80153692,37962,440