CART Options History — August 2025

In August 2025, CART traded between $42.75 and $51.89. ATM implied volatility averaged 37.3%, placing in the 15.6% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 14.7% (HV 20d: 52.0%). Max pain ranged from $45.00 to $47.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 1.39.

Notable Days

  • 2025-08-07: Highest Volume — 37,088 contracts
  • 2025-08-08: Largest IV drop — 33.4% change
  • 2025-08-07: Highest IV Rank — 37.0%
  • 2025-08-01: Largest Expected Move — 16.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.14$42.75$51.89$46.96$43.38
Max Pain$45.81$45.00$47.00$46.00$45.00
ATM IV37.3%31.5%47.3%46.8%33.3%
Expected Move10.6%9.1%16.7%16.7%9.4%
HV 20d52.0%30.8%64.8%30.8%63.6%
HV 60d38.8%29.7%44.1%30.7%44.0%
IV Rank15.6%2.8%37.0%36.1%7.0%
IV Percentile21.2%0.4%67.5%63.9%2.0%
Term Structure-0.4%-4.3%1.2%-2.9%1.0%
VWIV37.2%32.1%58.7%58.7%33.8%
Skew 25d2.9%-20.8%14.5%4.3%2.0%
Skew 10d8.6%-4.1%19.7%17.8%4.3%
Call IV 25d33.5%18.5%53.5%45.9%32.3%
Put IV 25d36.4%18.6%50.2%50.2%34.3%
Bid-Ask Spread %61.7946.4176.5446.4162.20
Gamma HHI0.160.090.570.090.15
Net GEX1.1M-2.8M23.8M807.3K-2.8M
Net DEX-12.1M-165.3M52.5M-26.3M52.5M
Net VEX-413.2K-582.6K-277.1K-355.4K-567.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.390.0711.070.181.10
Total Volume9,746.71496937,0886,1621,635
Total OI88,219.33378,028117,38582,798102,697

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$46.96$46.0046.8%16.7%30.8%36.1%58.7%4.3%-2.9%807.3K-26.3M-355.4K0.1846.41N/AN/A5,23392941,49541,303
2025-08-04$48.65$47.0045.3%12.1%31.3%32.7%42.7%14.5%-1.7%2.2M-50.6M-361.1K0.3467.35N/AN/A3,3291,12140,18637,842
2025-08-05$48.01$47.0046.3%12.3%31.6%35.0%42.8%3.6%-1.5%2.0M-44.7M-364.8K1.9461.66N/AN/A7561,46441,92538,621
2025-08-06$47.60$47.0046.1%12.3%30.8%34.5%44.3%5.6%-1.8%1.7M-38.8M-355.6K1.3362.86N/AN/A1,2171,61642,25739,855
2025-08-07$49.00$47.0047.3%12.6%31.1%37.0%45.1%-20.8%-4.3%2.3M-58.9M-364.6K0.2470.21N/AN/A29,8737,21543,18341,355
2025-08-08$51.89$47.0031.5%9.3%36.7%2.8%32.6%8.8%0.4%23.8M-165.3M-333.2K0.3676.54N/AN/A21,7987,78869,26848,117
2025-08-11$51.82$47.0031.8%9.5%36.6%3.7%32.5%5.4%1.2%5.1M-95.4M-340.2K0.0775.04N/AN/A2,84019042,80937,835
2025-08-12$51.04$47.0034.0%9.1%36.5%8.5%32.1%-0.0%-0.5%4.7M-82.8M-328.9K0.1274.45N/AN/A6,04070542,71437,831
2025-08-13$44.24$47.0037.2%10.5%62.3%15.6%36.4%2.9%-0.6%-27.4K3.1M-277.1K1.1762.91N/AN/A12,43414,60743,88638,334
2025-08-14$43.80$45.0035.0%10.3%61.6%10.8%36.3%4.2%1.0%-1.4M22.6M-362.3K2.9063.42N/AN/A4,66213,53250,50648,524
2025-08-15$43.92$45.0034.6%10.0%61.5%9.9%34.7%2.7%0.6%-2.7M30.0M-436.9K0.6263.93N/AN/A4,1392,57653,63857,437
2025-08-18$45.82$45.0033.9%9.8%63.7%8.2%34.6%3.2%0.1%-263.3K-6.2M-454.0K0.2553.90N/AN/A4,2711,08139,52439,144
2025-08-19$46.63$45.0034.9%10.0%63.9%10.7%33.2%3.0%-0.1%386.7K-20.9M-465.2K0.7065.18N/AN/A2,8041,95640,80639,318
2025-08-20$45.45$45.0034.8%10.0%64.3%10.3%32.4%3.7%-0.2%-455.2K2.8M-452.4K0.4251.89N/AN/A2,4881,03741,08340,672
2025-08-21$44.45$45.0036.5%10.5%64.7%14.2%36.0%2.9%-0.5%-907.6K18.5M-444.8K1.1057.41N/AN/A3,0803,38541,46240,957
2025-08-22$43.55$45.0033.7%9.6%64.8%7.9%34.9%3.3%0.7%-2.7M34.1M-424.0K1.2457.68N/AN/A2,7933,45443,29841,444
2025-08-25$42.89$45.0035.4%10.1%64.0%11.7%35.3%3.2%0.4%-1.4M35.8M-413.1K2.5455.91N/AN/A2,0325,17040,04538,213
2025-08-26$42.75$45.0035.0%9.9%64.0%10.7%32.8%2.4%0.1%-1.9M40.5M-425.0K11.0754.91N/AN/A1,77219,61940,76640,951
2025-08-27$43.28$45.0035.2%10.0%64.3%11.2%36.3%3.0%-0.0%-2.7M51.7M-568.6K1.1459.69N/AN/A1,4381,63340,99059,971
2025-08-28$43.88$45.0033.9%9.6%63.8%8.4%34.0%2.3%0.5%-2.4M44.5M-582.6K0.3554.10N/AN/A71925041,62560,719
2025-08-29$43.38$45.0033.3%9.4%63.6%7.0%33.8%2.0%1.0%-2.8M52.5M-567.2K1.1062.20N/AN/A77785841,89160,806