CBL Options History — April 2018

In April 2018, CBL traded between $3.87 and $4.46. ATM implied volatility averaged 47.1%, placing in the 29.7% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 1.4% (HV 20d: 45.7%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 2.29.

Notable Days

  • 2018-04-23: Highest Volume — 18,217 contracts
  • 2018-04-24: Largest IV spike — 56.2% change
  • 2018-04-24: Highest IV Rank — 63.7%
  • 2018-04-24: Largest Expected Move — 21.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.22$3.87$4.46$4.08$4.17
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV47.1%34.1%73.7%43.5%39.2%
Expected Move14.2%9.8%21.1%12.5%11.2%
HV 20d45.7%38.5%52.8%48.5%40.9%
HV 60d56.0%54.9%58.0%54.9%57.7%
IV Rank29.7%13.8%63.7%25.8%18.7%
IV Percentile55.1%15.9%97.6%47.2%24.2%
Term Structure2.0%-24.5%21.8%17.1%14.1%
VWIV56.7%36.9%131.4%47.1%41.6%
Skew 25d0.1%-10.0%21.8%-3.3%1.9%
Skew 10d3.6%-24.1%35.5%3.0%2.5%
Call IV 25d51.1%45.1%60.8%54.6%51.2%
Put IV 25d51.2%45.9%80.1%51.3%53.1%
Bid-Ask Spread %15.606.0932.609.4510.71
Gamma HHI0.620.380.790.400.47
Net GEX-15.8K-46.5K11.1K6.4K-46.5K
Net DEX2.7M1.4M4.6M1.7M4.6M
Net VEX-12.8K-19.2K-8.2K-9.6K-19.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.290.1111.141.440.29
Total Volume2,492.42979018,2171,574832
Total OI30,590.52422,18549,50122,18549,501

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$4.08$5.0043.5%12.5%48.5%25.8%47.1%-3.3%17.1%6.4K1.7M-9.6K1.449.45N/AN/A64692813,0419,144
2018-04-03$4.18$5.0040.9%11.7%48.9%22.5%44.4%-6.1%15.4%8.6K1.6M-10.9K1.6512.12N/AN/A40867513,1649,189
2018-04-04$4.38$5.0034.1%9.8%52.2%13.8%36.9%-0.8%21.7%11.1K1.4M-11.7K10.0116.72N/AN/A4654,65413,2119,189
2018-04-05$4.45$5.0034.2%15.0%52.7%13.9%52.0%0.0%-3.1%-20.7K2.7M-13.7K1.8621.03N/AN/A36067013,33213,105
2018-04-06$4.40$5.0042.1%15.1%52.8%24.1%52.8%6.3%-3.2%-19.9K2.6M-13.9K2.2820.45N/AN/A29467013,44013,065
2018-04-09$4.37$5.0040.8%14.3%52.3%22.3%50.1%1.6%-3.5%-20.1K2.7M-13.2K0.6132.60N/AN/A1,02862813,46113,065
2018-04-10$4.45$5.0042.1%15.9%52.6%24.0%55.3%1.8%-6.8%-16.8K2.5M-13.8K1.8017.84N/AN/A33059413,81513,129
2018-04-11$4.46$5.0056.6%16.2%52.5%42.6%56.7%2.9%-8.8%-18.4K2.5M-13.8K2.1823.00N/AN/A35978413,78813,130
2018-04-12$4.34$5.0055.1%15.8%45.7%40.7%55.2%-5.9%-5.0%-16.6K2.7M-12.5K2.7231.25N/AN/A29580113,77112,940
2018-04-13$4.31$5.0050.7%14.5%44.6%33.7%51.5%6.5%-1.1%-16.8K2.8M-12.2K0.6811.93N/AN/A86359013,77812,991
2018-04-16$4.28$5.0043.7%12.5%43.1%24.7%47.4%2.5%-8.5%-18.8K2.9M-10.8K2.2011.22N/AN/A40889613,84412,920
2018-04-17$4.32$5.0054.2%15.5%43.2%38.3%53.8%0.3%-5.5%-18.5K2.8M-11.3K1.2210.23N/AN/A54265913,88413,263
2018-04-18$4.28$5.0057.0%16.3%38.5%42.0%57.1%2.5%-11.4%-17.1K2.9M-11.3K0.776.09N/AN/A51840113,98813,368
2018-04-19$4.16$5.0053.5%15.3%39.6%37.4%61.2%-4.5%11.7%-14.5K2.9M-9.8K0.7714.06N/AN/A92971514,07112,999
2018-04-20$3.95$5.0040.5%11.6%41.6%20.5%42.5%-1.2%9.7%-4.0K3.1M-8.2K0.737.30N/AN/A97271014,44813,245
2018-04-23$3.87$5.0047.2%13.5%41.9%29.1%73.9%-4.1%21.8%4.3K2.9M-8.5K11.1411.93N/AN/A1,50016,71713,51813,009
2018-04-24$3.97$5.0073.7%21.1%40.6%63.7%80.9%21.8%-24.5%-42.1K3.0M-16.7K0.1121.41N/AN/A1,73618313,94429,572
2018-04-25$3.89$5.0066.4%19.0%40.6%54.2%131.4%-8.1%-21.8%-25.0K3.3M-17.2K0.277.05N/AN/A98326714,44929,662
2018-04-26$4.09$5.0035.8%10.3%44.9%14.4%0.0%-10.0%19.9%-17.6K3.0M-14.5K0.6810.44N/AN/A46932114,53429,808
2018-04-27$4.19$5.0037.4%10.7%41.8%16.4%41.5%-2.1%14.7%-27.8K3.0M-15.5K4.6620.83N/AN/A1,1555,38614,67329,953
2018-04-30$4.17$5.0039.2%11.2%40.9%18.7%41.6%1.9%14.1%-46.5K4.6M-19.2K0.2910.71N/AN/A64618614,74234,759