CART Options History — July 2025

In July 2025, CART traded between $45.64 and $49.82. ATM implied volatility averaged 45.8%, placing in the 33.8% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded above realized volatility by 14.4% (HV 20d: 31.4%). Max pain ranged from $45.00 to $46.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.92.

Notable Days

  • 2025-07-10: Highest Volume — 8,339 contracts
  • 2025-07-02: Largest IV spike — 57.3% change
  • 2025-07-02: Highest IV Rank — 46.1%
  • 2025-07-31: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.13$45.64$49.82$45.64$47.94
Max Pain$45.70$45.00$46.50$45.00$46.50
ATM IV45.8%32.7%51.4%32.7%47.3%
Expected Move13.8%9.4%16.5%9.5%16.5%
HV 20d31.4%27.3%33.8%30.1%31.1%
HV 60d41.0%30.8%47.8%47.8%30.8%
IV Rank33.8%5.5%46.1%5.5%37.1%
IV Percentile59.1%1.2%77.8%1.2%65.9%
Term Structure0.9%-9.5%12.6%11.8%-3.0%
VWIV47.9%32.5%57.7%33.3%57.7%
Skew 25d3.7%-5.8%12.5%2.5%4.4%
Skew 10d9.5%-9.3%28.5%-9.3%20.9%
Call IV 25d42.7%21.7%47.7%37.2%45.3%
Put IV 25d46.4%30.5%54.6%39.7%49.8%
Bid-Ask Spread %44.3430.8653.3051.5944.21
Gamma HHI0.150.080.230.110.10
Net GEX4.0M453.9K6.7M2.5M1.0M
Net DEX-72.0M-110.4M-20.8M-41.6M-42.2M
Net VEX-402.4K-441.4K-348.6K-433.9K-358.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.066.440.441.86
Total Volume3,198.4556228,3397912,272
Total OI85,163.27373,209101,87382,33882,960

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$45.64$45.0032.7%9.5%30.1%5.5%33.3%2.5%11.8%2.5M-41.6M-433.9K0.4451.59N/AN/A54824344,65237,686
2025-07-02$46.09$45.0051.4%9.4%30.3%46.1%32.5%8.8%-9.5%2.9M-50.6M-434.1K0.1152.23N/AN/A3,19336144,86337,757
2025-07-03$47.27$45.0041.1%12.9%31.5%23.6%43.5%-3.5%3.0%3.9M-70.0M-441.4K0.2642.95N/AN/A55314546,21137,826
2025-07-07$48.80$45.0041.9%13.6%33.4%25.5%47.1%12.5%7.4%4.8M-96.7M-427.2K0.1653.30N/AN/A6,8231,08945,98536,920
2025-07-08$48.65$45.0044.4%13.2%32.6%30.9%46.3%4.4%2.1%5.9M-100.1M-435.2K0.2742.63N/AN/A2,05755350,03037,477
2025-07-09$47.58$45.0038.8%13.3%33.8%18.8%46.8%7.8%12.6%5.4M-78.6M-420.9K6.4445.03N/AN/A4142,66650,27837,659
2025-07-10$48.85$45.0043.8%13.2%30.7%29.5%46.3%-1.0%4.6%6.7M-105.6M-426.1K0.0646.81N/AN/A7,83950050,27240,022
2025-07-11$48.23$46.0046.1%13.5%31.4%34.5%46.5%-5.8%1.8%5.5M-94.0M-434.8K0.0946.61N/AN/A3,45432055,28940,292
2025-07-14$48.00$46.0048.3%13.7%31.2%39.2%46.7%4.2%0.9%5.6M-87.5M-418.7K0.3738.32N/AN/A1,33549451,30440,024
2025-07-15$49.08$46.0047.8%13.7%30.8%38.2%48.3%3.4%-1.0%6.7M-110.4M-414.8K0.8547.96N/AN/A2,2851,95151,71840,380
2025-07-16$47.52$46.0048.6%13.9%33.3%40.0%49.5%5.1%-0.7%5.3M-73.3M-426.8K0.5746.91N/AN/A3,0621,74358,40142,155
2025-07-17$48.58$46.0048.7%14.0%33.5%40.3%49.9%3.9%-0.4%6.7M-97.9M-412.5K0.7946.93N/AN/A1,9241,52558,79642,500
2025-07-18$48.80$46.0048.7%14.2%33.2%40.2%50.3%4.1%-2.3%5.1M-98.6M-394.8K1.1744.63N/AN/A9521,11659,22442,649
2025-07-21$49.11$46.0049.3%14.6%33.2%41.4%50.1%2.7%-3.7%3.0M-65.5M-388.6K0.1730.86N/AN/A1,52725437,80235,407
2025-07-22$49.82$46.0048.2%14.4%33.3%39.2%50.5%3.0%-2.7%3.6M-77.2M-384.8K0.3236.34N/AN/A2,14468838,25635,536
2025-07-23$49.73$46.0047.1%14.5%31.8%36.6%50.0%3.6%-1.6%3.8M-76.2M-385.1K0.5041.52N/AN/A58029139,55236,154
2025-07-24$49.56$46.0047.1%14.8%27.4%36.7%51.2%3.2%-2.0%3.9M-75.4M-378.3K0.5144.21N/AN/A41121139,74536,213
2025-07-25$48.77$46.0045.6%14.3%27.3%33.3%46.9%5.4%-1.7%3.2M-61.8M-366.4K0.2647.46N/AN/A1,31234639,84336,344
2025-07-28$47.14$46.0042.7%15.4%30.5%27.1%53.2%4.2%6.7%1.8M-37.5M-348.6K2.1741.52N/AN/A2,4955,41537,91336,050
2025-07-29$46.76$46.0051.2%15.7%30.5%45.6%53.9%4.5%-0.7%453.9K-20.8M-366.0K0.1735.71N/AN/A1,57626939,53141,078
2025-07-30$46.84$46.0046.5%16.2%30.2%35.4%54.1%4.4%-1.6%528.9K-23.2M-354.0K2.7747.74N/AN/A9102,52039,64341,195
2025-07-31$47.94$46.5047.3%16.5%31.1%37.1%57.7%4.4%-3.0%1.0M-42.2M-358.9K1.8644.21N/AN/A7941,47841,18541,775