CART Options History — October 2025

In October 2025, CART traded between $36.53 and $39.58. ATM implied volatility averaged 55.7%, placing in the 56.1% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded above realized volatility by 7.7% (HV 20d: 48.1%). Max pain ranged from $42.50 to $50.00. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 1.03.

Notable Days

2025-10-06: Highest Volume — 27,399 contracts
2025-10-06: Largest IV spike — 24.9% change
2025-10-06: Highest IV Rank — 75.8%
2025-10-29: Largest Expected Move — 18.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.50	$36.53	$39.58	$37.38	$36.70
Max Pain	$45.93	$42.50	$50.00	$45.00	$45.00
ATM IV	55.7%	46.1%	64.1%	46.1%	55.0%
Expected Move	15.8%	12.3%	18.1%	12.3%	17.7%
HV 20d	48.1%	22.6%	57.2%	53.7%	22.6%
HV 60d	50.5%	49.4%	51.2%	50.3%	49.4%
IV Rank	56.1%	35.7%	75.8%	35.7%	54.2%
IV Percentile	87.1%	63.5%	98.0%	63.5%	85.3%
Term Structure	-1.5%	-29.8%	6.8%	6.7%	-2.2%
VWIV	54.2%	34.4%	63.6%	44.0%	61.6%
Skew 25d	2.4%	-5.5%	12.6%	3.1%	3.1%
Skew 10d	14.1%	-18.4%	35.0%	1.7%	30.9%
Call IV 25d	53.5%	33.4%	70.4%	43.8%	55.3%
Put IV 25d	55.9%	33.4%	64.9%	46.9%	58.4%
Bid-Ask Spread %	48.47	35.22	71.87	59.56	52.43
Gamma HHI	0.13	0.09	0.21	0.21	0.14
Net GEX	1.0M	-1.5M	4.2M	-1.4M	-1.2M
Net DEX	39.2M	53.7K	92.2M	92.2M	70.8M
Net VEX	-629.1K	-728.5K	-504.5K	-591.6K	-504.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.03	0.05	4.49	0.12	0.10
Total Volume	8,863.522	1,294	27,399	26,512	19,094
Total OI	141,098	117,390	167,255	135,353	123,098

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-10-01	$37.38	$45.00	46.1%	12.3%	53.7%	35.7%	44.0%	3.1%	6.7%	-1.4M	92.2M	-591.6K	0.12	59.56	N/A	N/A	23,778	2,734	67,200	68,153
2025-10-02	$39.16	$43.00	47.1%	12.4%	57.2%	37.9%	44.0%	4.9%	6.8%	1.6M	29.9M	-722.4K	0.82	59.05	N/A	N/A	7,144	5,888	86,178	69,128
2025-10-03	$38.32	$42.50	51.3%	12.8%	56.7%	47.2%	34.4%	3.3%	6.8%	1.6M	49.9M	-677.0K	0.49	64.62	N/A	N/A	14,787	7,271	86,879	68,507
2025-10-06	$37.95	$50.00	64.1%	16.2%	56.6%	75.8%	54.5%	12.6%	-29.8%	2.0M	46.1M	-667.0K	0.05	35.29	N/A	N/A	25,976	1,423	93,487	66,893
2025-10-07	$38.66	$47.00	57.4%	15.7%	57.1%	59.8%	54.9%	2.8%	-0.9%	3.1M	24.7M	-711.9K	0.17	39.70	N/A	N/A	7,073	1,234	93,984	67,565
2025-10-08	$39.48	$47.00	58.8%	16.4%	55.8%	62.9%	57.3%	4.4%	0.5%	4.1M	53.7K	-728.5K	0.54	35.22	N/A	N/A	3,064	1,647	95,396	67,895
2025-10-09	$38.78	$47.00	58.3%	16.3%	55.7%	61.9%	56.1%	4.9%	-1.7%	4.2M	22.1M	-702.4K	0.24	37.44	N/A	N/A	2,158	518	96,835	69,430
2025-10-10	$38.72	$47.00	58.1%	16.4%	55.6%	61.3%	56.7%	2.6%	-1.8%	4.2M	26.0M	-692.4K	0.25	42.14	N/A	N/A	4,556	1,145	97,613	69,642
2025-10-13	$38.53	$47.00	55.1%	15.8%	55.6%	54.3%	55.5%	-0.6%	-0.5%	841.4K	47.9M	-656.8K	1.10	39.98	N/A	N/A	2,828	3,103	83,875	67,146
2025-10-14	$39.25	$47.00	58.2%	16.0%	56.4%	61.6%	55.4%	-0.6%	-4.1%	1.2M	38.1M	-662.0K	2.40	40.14	N/A	N/A	1,851	4,437	84,036	68,265
2025-10-15	$39.58	$47.00	57.7%	16.0%	56.4%	60.3%	55.1%	-2.5%	-2.3%	1.6M	35.0M	-659.1K	0.76	44.03	N/A	N/A	3,069	2,338	84,442	68,313
2025-10-16	$38.72	$47.00	61.1%	16.6%	56.2%	68.3%	58.0%	4.1%	-3.5%	488.8K	54.0M	-641.9K	3.50	45.33	N/A	N/A	3,066	10,729	86,678	69,865
2025-10-17	$38.53	$47.00	56.8%	15.8%	49.6%	58.3%	51.3%	2.2%	-2.8%	-1.5M	53.3M	-613.8K	0.93	46.05	N/A	N/A	3,775	3,503	86,395	66,089
2025-10-20	$38.80	$47.00	54.7%	15.4%	49.4%	53.5%	54.7%	0.9%	-0.8%	587.6K	24.0M	-608.6K	0.15	46.49	N/A	N/A	2,972	454	63,518	53,872
2025-10-21	$38.76	$46.00	56.0%	15.9%	49.4%	56.5%	56.5%	1.4%	-3.4%	1.1M	19.4M	-612.5K	0.72	47.15	N/A	N/A	2,617	1,894	65,921	54,052
2025-10-22	$39.38	$45.00	55.7%	16.0%	49.9%	55.8%	55.7%	2.5%	-3.4%	1.3M	11.5M	-632.5K	0.79	39.41	N/A	N/A	1,203	946	66,826	55,609
2025-10-23	$39.36	$45.00	54.7%	15.8%	49.9%	53.5%	56.9%	4.4%	-3.7%	1.4M	12.9M	-613.1K	2.38	54.19	N/A	N/A	3,091	7,367	67,188	55,785
2025-10-24	$38.80	$45.00	52.5%	15.1%	50.0%	48.3%	54.6%	-0.0%	-0.4%	-587.6K	36.1M	-585.5K	1.14	69.56	N/A	N/A	2,901	3,298	66,441	59,213
2025-10-27	$38.46	$45.00	53.9%	15.9%	31.8%	51.8%	56.6%	1.6%	-0.1%	251.7K	39.3M	-580.3K	0.87	45.83	N/A	N/A	1,362	1,189	64,401	56,451
2025-10-28	$37.88	$45.00	55.4%	16.9%	28.7%	55.0%	46.6%	3.0%	6.0%	-17.2K	48.1M	-549.6K	1.26	45.20	N/A	N/A	873	1,097	63,025	57,036
2025-10-29	$37.67	$45.00	57.2%	18.1%	27.3%	59.2%	63.6%	-5.5%	-0.5%	-219.2K	52.1M	-545.0K	0.31	71.87	N/A	N/A	985	309	63,373	57,769
2025-10-30	$36.53	$45.00	56.6%	16.8%	23.5%	57.9%	61.6%	2.7%	-0.5%	-741.3K	68.3M	-510.4K	4.49	54.13	N/A	N/A	567	2,547	63,945	57,842
2025-10-31	$36.70	$45.00	55.0%	17.7%	22.6%	54.2%	61.6%	3.1%	-2.2%	-1.2M	70.8M	-504.5K	0.10	52.43	N/A	N/A	17,290	1,804	64,211	58,887