CART Options History — January 2026

In January 2026, CART traded between $36.77 and $44.84. ATM implied volatility averaged 46.0%, placing in the 35.0% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded above realized volatility by 10.6% (HV 20d: 35.4%). Max pain ranged from $43.00 to $45.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.44.

Notable Days

  • 2026-01-15: Highest Volume — 8,650 contracts
  • 2026-01-22: Largest IV spike — 13.4% change
  • 2026-01-29: Highest IV Rank — 60.9%
  • 2026-01-30: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.55$36.77$44.84$43.69$37.15
Max Pain$43.35$43.00$45.00$45.00$43.00
ATM IV46.0%34.4%57.5%34.4%57.3%
Expected Move13.9%9.6%16.8%9.6%16.8%
HV 20d35.4%30.4%43.7%35.6%43.7%
HV 60d36.5%32.9%40.3%33.3%40.2%
IV Rank35.0%8.9%60.9%8.9%60.5%
IV Percentile58.4%8.7%90.1%8.7%88.9%
Term Structure1.0%-3.7%5.9%0.5%-1.8%
VWIV48.5%33.1%60.7%33.1%60.7%
Skew 25d2.9%-22.1%12.7%2.5%-22.1%
Skew 10d7.6%-5.3%30.2%13.7%12.7%
Call IV 25d46.8%32.1%83.1%33.9%83.1%
Put IV 25d49.7%36.4%63.8%36.4%61.0%
Bid-Ask Spread %69.9855.9479.8874.7666.52
Gamma HHI0.110.090.130.130.12
Net GEX1.0M35.9K1.9M1.7M35.9K
Net DEX-13.3M-75.7M20.7M-41.9M9.7M
Net VEX-475.7K-562.2K-400.5K-553.3K-435.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.440.075.070.243.84
Total Volume3,756.856478,6504,4571,380
Total OI104,766.7573,058126,998126,55184,624

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$43.69$45.0034.4%9.6%35.6%8.9%33.1%2.5%0.5%1.7M-41.9M-553.3K0.2474.76N/AN/A3,59686175,91350,638
2026-01-05$44.22$44.0036.3%12.6%35.9%13.2%42.1%4.1%5.1%1.9M-54.4M-558.8K0.7175.82N/AN/A1,18683975,37950,126
2026-01-06$44.77$43.0035.9%12.1%35.1%12.4%42.8%2.8%5.9%1.9M-66.9M-562.2K0.3877.10N/AN/A94636175,65050,840
2026-01-07$44.84$44.0036.1%12.4%34.5%12.8%41.3%2.4%5.6%1.7M-75.7M-561.1K0.6376.87N/AN/A77448675,74651,053
2026-01-08$43.38$43.0036.3%12.6%33.8%13.4%44.3%2.9%1.4%1.5M-28.1M-509.5K0.8070.72N/AN/A36028776,12450,874
2026-01-09$40.98$43.0039.2%12.6%31.3%19.8%43.3%4.1%2.3%1.3M13.1M-462.0K1.6568.31N/AN/A3,0465,02576,29450,005
2026-01-12$42.08$43.0043.0%13.0%30.4%28.4%42.9%0.6%0.4%1.4M-16.8M-473.8K1.2669.58N/AN/A2,2302,81773,83348,941
2026-01-13$41.18$44.0044.0%13.0%31.0%30.6%43.9%-2.0%1.2%1.0M11.2M-432.4K1.5163.16N/AN/A7381,11174,14849,731
2026-01-14$41.23$44.0045.3%13.0%30.4%33.4%45.3%12.7%1.9%1.0M7.9M-432.2K0.8171.79N/AN/A90973274,25049,770
2026-01-15$39.65$44.0046.1%13.3%32.5%35.2%49.0%4.9%-1.0%1.1M20.7M-400.5K1.2667.91N/AN/A3,8344,81674,83447,222
2026-01-16$39.28$43.0042.1%12.5%32.4%26.3%46.8%1.7%3.2%760.1K20.4M-418.9K1.3169.96N/AN/A3,5924,71379,28847,172
2026-01-20$38.70$43.0046.1%13.1%32.5%35.3%45.3%5.0%4.9%812.3K-9.1M-462.0K1.5479.88N/AN/A8971,38250,00823,050
2026-01-21$38.94$43.0046.7%13.4%32.5%36.7%44.8%6.9%3.6%704.0K-12.7M-470.1K0.1776.18N/AN/A2,87449050,15724,010
2026-01-22$38.14$43.0053.0%15.3%32.8%50.8%53.3%6.0%-2.2%783.2K-4.5M-447.4K5.0765.49N/AN/A6483,28752,68724,385
2026-01-23$39.76$43.0053.7%15.5%37.3%52.4%56.6%7.4%-2.6%463.3K-19.9M-489.6K0.3565.34N/AN/A5,4291,89052,96526,253
2026-01-26$40.45$43.0055.1%16.3%37.6%55.5%55.7%5.0%-1.7%1.4M-31.7M-506.9K0.0760.45N/AN/A2,40617955,54025,511
2026-01-27$37.91$43.0056.1%16.6%42.6%57.7%60.1%9.3%-2.3%811.6K36.0K-453.1K4.0055.94N/AN/A1,1364,54255,17025,580
2026-01-28$37.86$43.0055.6%16.7%42.7%56.7%59.6%2.7%-0.5%71.1K1.1M-462.1K0.5375.58N/AN/A1,9271,02155,63727,701
2026-01-29$36.77$43.0057.5%16.7%43.3%60.9%58.5%0.7%-3.7%150.6K12.4M-422.8K2.7068.18N/AN/A6461,74456,79627,430
2026-01-30$37.15$43.0057.3%16.8%43.7%60.5%60.7%-22.1%-1.8%35.9K9.7M-435.0K3.8466.52N/AN/A2851,09557,28827,336