CART Options History — February 2025

In February 2025, CART traded between $40.86 and $53.02. ATM implied volatility averaged 52.2%, placing in the 35.4% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded above realized volatility by 15.9% (HV 20d: 36.4%). Max pain ranged from $44.00 to $48.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.55.

Notable Days

  • 2025-02-25: Highest Volume — 38,808 contracts
  • 2025-02-26: Largest IV drop — 40.0% change
  • 2025-02-25: Highest IV Rank — 71.1%
  • 2025-02-25: Largest Expected Move — 19.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.67$40.86$53.02$48.13$40.86
Max Pain$47.11$44.00$48.00$44.00$47.00
ATM IV52.2%37.2%62.9%53.0%37.2%
Expected Move14.5%10.9%19.2%11.6%11.9%
HV 20d36.4%25.0%59.2%38.8%58.6%
HV 60d40.6%35.5%46.6%44.5%46.6%
IV Rank35.4%11.8%71.1%25.3%15.3%
IV Percentile70.9%22.6%97.6%71.4%22.6%
Term Structure-1.5%-8.9%13.8%-2.9%-8.9%
VWIV50.8%38.0%66.9%40.3%40.3%
Skew 25d3.2%-22.9%30.5%-0.4%0.6%
Skew 10d4.8%-21.5%32.7%-15.7%5.3%
Call IV 25d50.0%28.8%62.0%53.0%40.6%
Put IV 25d53.2%29.6%64.6%52.6%41.2%
Bid-Ask Spread %42.3030.9857.2753.1057.27
Gamma HHI0.210.120.330.180.24
Net GEX2.1M-2.9M5.3M1.6M-2.2M
Net DEX-71.9M-134.5M52.4M-62.5M36.1M
Net VEX-391.0K-418.4K-346.8K-365.1K-418.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.112.350.260.63
Total Volume9,482.3681,75638,8086,4509,629
Total OI73,960.05357,087105,34457,087105,344

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$48.13$44.0053.0%11.6%38.8%25.3%40.3%-0.4%-2.9%1.6M-62.5M-365.1K0.2653.10N/AN/A5,1341,31630,73926,348
2025-02-04$48.99$44.0052.3%11.4%36.9%24.5%41.0%18.9%7.8%2.3M-79.3M-387.5K0.5151.64N/AN/A1,84293434,49227,415
2025-02-05$48.61$44.0054.6%10.9%36.7%27.0%38.0%13.1%-6.7%2.4M-76.1M-385.0K0.2756.51N/AN/A1,37937735,13428,042
2025-02-06$48.30$47.0040.8%13.7%34.4%11.8%48.2%0.7%13.8%2.5M-73.5M-384.5K0.2031.97N/AN/A3,81276635,81928,340
2025-02-07$49.26$48.0053.5%14.0%31.1%25.8%49.5%2.8%-3.0%2.7M-86.2M-397.1K0.2534.02N/AN/A3,14177437,20828,877
2025-02-10$50.30$48.0053.3%14.5%29.6%25.7%50.7%-22.9%-2.4%3.2M-100.0M-386.4K0.7633.82N/AN/A3,5602,70737,29528,842
2025-02-11$49.72$47.0053.4%14.5%30.3%25.7%50.5%1.3%-2.6%3.5M-93.3M-411.6K0.4837.01N/AN/A4,7262,25239,47231,329
2025-02-12$50.09$48.0053.5%14.7%27.3%25.8%51.3%1.9%-1.9%3.2M-97.0M-412.9K0.5336.56N/AN/A4,2292,25840,11233,426
2025-02-13$49.91$48.0052.7%14.6%25.5%24.9%51.3%2.4%-2.3%4.8M-98.7M-409.7K0.1830.98N/AN/A3,97072441,45532,691
2025-02-14$51.11$48.0053.5%14.8%25.0%25.8%52.3%-5.4%-2.0%5.3M-118.5M-393.9K0.3040.41N/AN/A2,38172340,78333,209
2025-02-18$49.84$47.0057.4%16.3%26.7%56.4%57.2%2.2%-2.3%3.6M-89.2M-385.7K0.1146.78N/AN/A4,61850038,17232,586
2025-02-19$53.02$48.0059.0%16.9%33.7%62.5%59.7%2.0%-3.5%3.0M-134.5M-376.3K0.1651.55N/AN/A7,7571,22439,82032,950
2025-02-20$52.50$48.0058.5%17.0%30.9%61.4%58.4%1.8%-3.4%3.1M-132.4M-394.0K0.5039.71N/AN/A3,3851,68542,37033,800
2025-02-21$52.22$48.0061.0%18.0%31.2%66.8%62.4%2.0%-4.7%2.9M-129.3M-407.3K0.3334.78N/AN/A2,11168743,11234,812
2025-02-24$49.52$48.0057.8%17.6%37.6%59.8%62.0%30.5%-2.3%1.8M-70.5M-393.9K2.3532.73N/AN/A2,7306,41935,79227,442
2025-02-25$48.50$48.0062.9%19.2%38.4%71.1%66.9%10.5%-3.4%1.1M-53.3M-404.0K0.4731.42N/AN/A26,32812,48036,53432,337
2025-02-26$42.81$48.0037.8%12.2%58.9%16.5%43.1%4.3%7.6%-2.9M39.1M-369.5K0.7047.19N/AN/A16,93711,90256,50943,750
2025-02-27$40.98$47.0040.0%12.4%59.2%21.2%42.7%-5.7%-6.0%-2.7M52.4M-346.8K1.5256.17N/AN/A9,81014,95856,96641,917
2025-02-28$40.86$47.0037.2%11.9%58.6%15.3%40.3%0.6%-8.9%-2.2M36.1M-418.4K0.6357.27N/AN/A5,9123,71764,39940,945