CART Options History — November 2025

In November 2025, CART traded between $35.08 and $42.13. ATM implied volatility averaged 44.8%, placing in the 30.6% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 10.7% (HV 20d: 34.0%). Max pain ranged from $38.00 to $45.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.46.

Notable Days

  • 2025-11-07: Highest Volume — 52,685 contracts
  • 2025-11-10: Largest IV drop — 24.2% change
  • 2025-11-07: Highest IV Rank — 71.2%
  • 2025-11-04: Largest Expected Move — 18.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.54$35.08$42.13$37.06$41.99
Max Pain$39.32$38.00$45.00$45.00$39.00
ATM IV44.8%32.9%62.4%52.6%32.9%
Expected Move13.0%9.5%18.4%17.5%9.5%
HV 20d34.0%20.2%40.6%22.8%38.3%
HV 60d42.3%39.0%47.8%47.8%42.3%
IV Rank30.6%3.1%71.2%48.6%3.1%
IV Percentile54.0%1.2%96.8%76.6%1.2%
Term Structure-0.7%-3.4%1.4%0.7%-0.0%
VWIV45.4%33.4%64.8%60.6%33.4%
Skew 25d3.7%-1.8%17.4%9.2%1.7%
Skew 10d13.6%-4.2%42.4%14.1%4.0%
Call IV 25d43.6%31.6%61.0%61.0%31.6%
Put IV 25d47.3%33.3%70.3%70.3%33.3%
Bid-Ask Spread %62.6951.3972.5559.1072.55
Gamma HHI0.130.090.230.140.09
Net GEX2.9M-869.2K5.7M-634.1K3.2M
Net DEX-29.0M-127.3M80.8M60.6M-63.3M
Net VEX-517.2K-572.0K-457.1K-501.4K-474.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.141.750.260.70
Total Volume13,6661,18552,6855,4871,185
Total OI136,634.316101,120176,042118,772110,580

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$37.06$45.0052.6%17.5%22.8%48.6%60.6%9.2%0.7%-634.1K60.6M-501.4K0.2659.10N/AN/A4,3681,11960,80657,966
2025-11-04$36.51$45.0056.8%18.4%22.1%58.3%64.8%2.3%-1.2%-562.0K66.0M-506.0K0.5551.39N/AN/A4,5202,49964,06958,048
2025-11-05$36.50$43.0055.2%17.8%20.2%54.6%62.8%3.4%-0.9%-835.0K67.2M-490.4K0.1564.03N/AN/A13,9492,11162,57157,998
2025-11-06$35.08$40.0057.0%15.7%23.5%58.8%53.7%2.1%-3.1%-869.2K80.8M-457.1K0.4058.82N/AN/A4,7481,91574,08259,941
2025-11-07$36.34$39.0062.4%16.9%27.5%71.2%57.0%17.4%-3.3%-143.7K48.6M-541.6K0.7762.98N/AN/A29,82822,85778,51260,557
2025-11-10$37.23$38.0047.3%13.0%29.1%36.3%47.3%-1.8%-1.0%4.2M16.5M-543.4K0.5967.89N/AN/A28,91617,155101,21274,830
2025-11-11$39.74$38.0042.9%11.7%37.1%26.3%41.8%0.6%-3.4%5.3M-75.2M-558.7K0.1558.35N/AN/A29,8974,46799,69472,141
2025-11-12$39.71$38.0043.2%12.1%37.0%27.1%41.9%2.9%-1.6%5.7M-69.8M-556.5K0.1860.39N/AN/A8,8721,56797,72271,371
2025-11-13$40.16$38.0044.5%12.4%36.2%30.0%43.1%3.6%-1.8%5.3M-89.1M-572.0K0.2256.84N/AN/A9,2552,05099,37971,973
2025-11-14$41.34$38.0040.4%11.6%37.3%20.5%41.5%2.4%-0.1%3.5M-127.3M-567.6K1.0857.89N/AN/A8,3799,04997,78672,119
2025-11-17$40.69$38.0041.7%12.0%37.9%23.4%41.5%1.7%0.5%2.8M-47.4M-537.7K0.2261.79N/AN/A3,68680376,81256,430
2025-11-18$41.38$38.0042.1%12.1%38.2%24.5%43.8%2.2%0.2%3.0M-73.8M-548.2K0.4160.39N/AN/A4,7251,92078,54654,517
2025-11-19$41.77$38.0040.9%11.7%38.0%21.7%42.4%4.1%1.3%4.1M-83.1M-541.2K0.3862.94N/AN/A87633381,92055,407
2025-11-20$40.36$38.0040.8%11.7%40.3%21.6%41.2%2.0%0.5%4.0M-47.4M-511.3K1.7562.87N/AN/A1,9093,33581,96955,439
2025-11-21$40.42$38.0040.7%11.7%39.8%21.2%40.2%3.9%-0.4%4.4M-53.7M-485.5K0.1471.15N/AN/A8,4891,22182,40253,758
2025-11-24$40.68$38.0038.0%10.3%39.7%14.9%36.1%5.3%-1.3%3.1M-28.5M-464.9K0.2472.43N/AN/A5,8291,38160,47440,646
2025-11-25$42.13$39.0036.4%10.4%40.6%11.3%36.6%2.5%0.5%3.9M-65.5M-481.9K0.3264.41N/AN/A6,8092,17763,41241,484
2025-11-26$42.11$39.0034.8%9.8%40.5%7.6%34.0%4.0%1.4%5.2M-65.9M-488.0K0.1864.95N/AN/A6,3031,15266,63842,841
2025-11-28$41.99$39.0032.9%9.5%38.3%3.1%33.4%1.7%-0.0%3.2M-63.3M-474.3K0.7072.55N/AN/A69648966,69243,888