CART Options History — February 2026

In February 2026, CART traded between $32.99 and $38.38. ATM implied volatility averaged 54.2%, placing in the 53.4% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded above realized volatility by 5.2% (HV 20d: 49.0%). Max pain ranged from $40.00 to $43.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 1.12.

Notable Days

  • 2026-02-12: Highest Volume — 42,817 contracts
  • 2026-02-13: Largest IV drop — 24.4% change
  • 2026-02-12: Highest IV Rank — 82.4%
  • 2026-02-12: Largest Expected Move — 20.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.77$32.99$38.38$37.52$37.48
Max Pain$40.97$40.00$43.00$43.00$40.00
ATM IV54.2%47.5%67.0%57.0%48.4%
Expected Move15.6%13.2%20.0%17.6%13.8%
HV 20d49.0%43.5%54.8%43.5%49.9%
HV 60d41.5%39.3%43.4%40.2%43.4%
IV Rank53.4%38.5%82.4%59.9%40.6%
IV Percentile80.1%67.1%98.8%87.3%70.2%
Term Structure-0.6%-10.5%5.1%5.1%-0.7%
VWIV56.0%45.8%69.1%62.3%45.8%
Skew 25d5.0%-0.4%16.7%0.2%4.5%
Skew 10d13.4%-13.8%29.4%12.6%5.5%
Call IV 25d53.7%45.8%65.6%58.7%48.5%
Put IV 25d58.6%50.5%77.6%58.9%53.0%
Bid-Ask Spread %72.7961.8194.5466.1494.54
Gamma HHI0.090.070.230.100.07
Net GEX1.2M108.6K8.0M888.6K1.3M
Net DEX-33.4K-35.3M25.5M-7.3M-12.2M
Net VEX-357.6K-433.4K-307.4K-433.4K-382.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.088.330.392.60
Total Volume7,089.15864442,8174,0693,317
Total OI89,387.73778,570135,80878,57086,868

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$37.52$43.0057.0%17.6%43.5%59.9%62.3%0.2%5.1%888.6K-7.3M-433.4K0.3966.14N/AN/A2,9351,13454,77923,791
2026-02-03$36.13$43.0058.3%18.4%44.1%62.7%67.3%6.7%-0.6%529.9K8.4M-395.9K0.6671.99N/AN/A54736057,40524,598
2026-02-04$36.51$42.5056.5%19.3%43.9%58.6%69.1%2.5%0.8%708.9K2.4M-411.8K0.2774.39N/AN/A1,38137357,70024,262
2026-02-05$34.29$41.0063.8%16.3%47.4%75.0%60.7%15.1%-10.5%400.3K18.4M-349.8K0.6966.23N/AN/A73651057,62324,531
2026-02-06$34.44$41.0057.8%15.9%47.2%61.5%58.0%-0.4%-1.3%348.5K19.5M-345.2K1.0765.79N/AN/A89596057,58424,149
2026-02-09$35.39$41.0057.9%16.4%46.0%61.9%61.2%8.0%0.8%544.1K13.3M-361.8K0.4061.81N/AN/A99239957,57224,006
2026-02-10$34.62$41.0056.9%16.1%44.4%59.6%54.8%4.2%-1.6%466.3K17.5M-343.6K0.7063.46N/AN/A2,7681,93558,03224,092
2026-02-11$32.99$41.0065.3%18.1%46.3%78.4%65.5%2.9%-5.1%363.8K25.5M-307.4K0.1970.99N/AN/A12,9502,45460,65525,733
2026-02-12$33.39$41.0067.0%20.0%46.9%82.4%67.5%16.7%4.7%1.0M9.4M-339.2K0.5271.61N/AN/A28,13314,68469,22427,317
2026-02-13$35.42$41.0050.7%14.3%51.6%45.7%54.2%3.3%-0.7%8.0M-35.3M-360.8K0.1877.64N/AN/A32,6535,90896,70039,108
2026-02-17$36.84$41.0050.3%14.4%54.0%44.7%53.6%2.5%1.6%1.5M-21.4M-382.4K0.8569.70N/AN/A1,14597669,26128,940
2026-02-18$36.08$41.0048.7%14.0%54.2%41.1%50.6%2.8%-0.4%1.3M-8.2M-353.8K1.6175.72N/AN/A31450569,38829,921
2026-02-19$35.41$41.0050.4%14.4%54.3%45.0%53.0%3.1%-0.6%1.1M1.3M-332.1K8.3378.62N/AN/A3592,99069,52230,040
2026-02-20$36.19$40.0047.6%13.5%54.8%38.6%46.6%3.9%0.1%108.6K-10.4M-327.4K0.4677.31N/AN/A1,23656369,65628,366
2026-02-23$35.77$40.0048.8%13.9%52.3%41.4%48.1%3.6%-0.3%615.2K5.0M-315.0K1.1177.48N/AN/A1,1371,26556,41322,501
2026-02-24$36.22$40.0048.5%13.9%52.0%40.8%49.8%3.9%-0.7%680.8K1.4M-326.7K0.0871.66N/AN/A4,98841857,14523,470
2026-02-25$36.64$40.0047.5%13.7%47.3%38.5%45.8%6.0%-1.1%1.0M-3.6M-345.1K0.3174.18N/AN/A49315160,25523,742
2026-02-26$38.38$40.0047.7%13.2%50.3%38.9%51.0%4.6%-1.2%1.6M-24.3M-379.8K0.9273.83N/AN/A1,1101,02060,46023,558
2026-02-27$37.48$40.0048.4%13.8%49.9%40.6%45.8%4.5%-0.7%1.3M-12.2M-382.2K2.6094.54N/AN/A9212,39661,17025,698