CART Options History — April 2025

In April 2025, CART traded between $36.84 and $42.85. ATM implied volatility averaged 58.1%, placing in the 60.5% IV rank vs the trailing year. The 30-day expected move averaged 17.7%. IV traded above realized volatility by 5.8% (HV 20d: 52.3%). Max pain ranged from $40.00 to $43.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.84.

Notable Days

  • 2025-04-17: Highest Volume — 8,396 contracts
  • 2025-04-04: Largest IV spike — 33.9% change
  • 2025-04-10: Highest IV Rank — 96.9%
  • 2025-04-10: Largest Expected Move — 21.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.45$36.84$42.85$40.07$39.86
Max Pain$41.24$40.00$43.00$43.00$41.00
ATM IV58.1%41.9%74.9%43.0%62.5%
Expected Move17.7%14.4%21.5%14.6%19.1%
HV 20d52.3%43.7%59.0%44.0%55.5%
HV 60d52.1%48.9%53.9%49.5%53.9%
IV Rank60.5%25.5%96.9%27.8%70.1%
IV Percentile84.5%47.6%99.2%52.0%96.0%
Term Structure0.0%-19.7%11.5%7.9%-3.1%
VWIV60.5%48.4%75.6%50.3%65.0%
Skew 25d8.9%-9.2%21.7%7.2%7.9%
Skew 10d19.5%2.8%36.5%6.0%34.7%
Call IV 25d50.5%37.5%66.8%40.2%50.5%
Put IV 25d59.4%40.8%85.0%47.4%58.4%
Bid-Ask Spread %39.4120.07109.4237.8339.19
Gamma HHI0.110.090.140.110.10
Net GEX229.4K-809.2K1.2M-303.2K399.8K
Net DEX-8.7M-42.7M26.6M445.9K-3.6M
Net VEX-372.6K-398.6K-335.9K-381.1K-345.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.112.580.550.73
Total Volume2,486.8575338,3965331,953
Total OI66,776.14353,33178,91270,91458,739

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$40.07$43.0043.0%14.6%44.0%27.8%50.3%7.2%7.9%-303.2K445.9K-381.1K0.5537.83N/AN/A34418939,28031,634
2025-04-02$40.69$43.0041.9%14.4%44.2%25.5%48.4%5.7%6.2%-90.2K-5.4M-386.2K0.1920.07N/AN/A84616339,54031,694
2025-04-03$40.13$43.0049.7%16.1%43.7%42.3%55.6%5.8%11.5%-204.7K-344.3K-387.2K1.0731.16N/AN/A1,1921,27639,55431,673
2025-04-04$37.55$42.0066.5%19.4%46.3%78.8%65.0%21.7%5.6%-524.2K22.5M-364.4K2.5837.69N/AN/A36894839,57432,126
2025-04-07$37.43$42.0058.0%18.2%45.3%60.2%59.2%16.8%3.5%-790.7K25.9M-343.5K0.5449.16N/AN/A1,48780238,53231,681
2025-04-08$36.84$42.0069.2%19.9%45.5%84.7%66.5%-1.8%-1.5%-690.1K26.6M-335.9K1.3526.51N/AN/A1,0661,43438,77631,385
2025-04-09$39.97$40.0066.8%15.2%54.4%79.4%56.6%-9.2%-6.6%-424.9K2.0M-365.2K0.6487.15N/AN/A98462739,35532,555
2025-04-10$38.35$40.0074.9%21.5%55.3%96.9%66.7%16.7%-0.2%-809.2K16.7M-346.1K0.80109.42N/AN/A60848539,61232,498
2025-04-11$40.86$40.0069.5%19.7%59.0%85.3%75.6%15.2%5.5%101.2K-10.4M-392.3K0.4656.66N/AN/A3,9971,82239,92332,613
2025-04-14$41.84$40.0058.7%16.6%56.4%61.8%56.7%20.9%-4.9%673.2K-24.3M-390.2K0.4940.56N/AN/A2,00298142,63732,956
2025-04-15$42.03$41.0057.7%16.5%56.1%59.7%57.3%10.2%-19.7%981.7K-29.4M-392.8K0.9221.88N/AN/A46542643,54233,433
2025-04-16$41.70$41.0059.8%17.1%56.2%64.3%59.3%10.6%-4.4%1.2M-26.8M-386.7K1.7924.28N/AN/A9311,67144,09933,610
2025-04-17$42.85$41.0057.3%16.6%55.6%58.7%57.6%9.5%-3.0%880.1K-42.7M-398.6K0.1130.99N/AN/A7,59779944,21534,697
2025-04-21$41.76$41.0060.2%18.0%56.6%65.2%58.6%4.0%-3.2%630.1K-22.8M-383.3K0.4032.94N/AN/A1,37955231,31322,018
2025-04-22$42.27$41.0058.1%17.3%54.0%60.6%59.5%10.1%-3.5%707.9K-27.1M-387.2K0.4425.20N/AN/A1,45664232,24422,339
2025-04-23$42.03$41.0047.0%17.4%53.7%36.5%60.0%8.9%5.8%692.0K-25.5M-378.5K0.2727.43N/AN/A2,77273532,61822,448
2025-04-24$41.36$41.0057.1%17.4%52.5%58.5%56.5%8.6%-3.8%605.3K-20.6M-373.7K0.8733.95N/AN/A1,4181,23233,69022,934
2025-04-25$41.90$41.0052.6%17.9%52.6%48.6%63.2%8.6%2.5%851.5K-25.3M-380.3K0.9228.94N/AN/A1,1361,04034,64023,802
2025-04-28$39.74$41.0054.1%19.5%55.3%51.9%67.3%12.8%7.0%486.8K-5.2M-348.6K1.7227.55N/AN/A1,1942,05633,70522,271
2025-04-29$40.27$41.0054.6%18.6%55.5%53.0%65.9%-2.6%-1.0%465.6K-7.7M-357.6K0.7339.05N/AN/A66348634,36023,984
2025-04-30$39.86$41.0062.5%19.1%55.5%70.1%65.0%7.9%-3.1%399.8K-3.6M-345.9K0.7339.19N/AN/A1,12682734,57424,165