CBL Options History — January 2019

In January 2019, CBL traded between $2.04 and $2.46. ATM implied volatility averaged 84.3%, placing in the 72.1% IV rank vs the trailing year. The 30-day expected move averaged 24.7%. IV traded above realized volatility by 10.5% (HV 20d: 73.8%). Max pain ranged from $2.00 to $4.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 3.28.

Notable Days

  • 2019-01-08: Highest Volume — 25,714 contracts
  • 2019-01-08: Largest IV spike — 91.3% change
  • 2019-01-10: Highest IV Rank — 91.4%
  • 2019-01-10: Largest Expected Move — 28.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.29$2.04$2.46$2.04$2.46
Max Pain$2.24$2.00$4.00$2.00$4.00
ATM IV84.3%37.0%100.7%73.0%93.4%
Expected Move24.7%19.9%28.9%20.9%22.2%
HV 20d73.8%36.8%90.7%89.2%36.8%
HV 60d66.9%63.1%68.5%66.7%63.1%
IV Rank72.1%16.6%91.4%58.8%82.8%
IV Percentile91.0%16.3%99.2%90.5%96.0%
Term Structure-6.5%-27.4%11.7%-1.6%-12.0%
VWIV85.0%70.9%95.6%73.3%77.7%
Skew 25d23.1%-6.5%49.5%15.8%31.3%
Skew 10d24.8%5.6%62.7%21.5%16.4%
Call IV 25d64.4%43.0%102.0%58.7%47.6%
Put IV 25d87.5%70.3%110.0%74.6%78.8%
Bid-Ask Spread %39.6121.1972.6844.3734.76
Gamma HHI0.540.330.640.390.59
Net GEX-51.6K-78.2K-6.2K-7.0K-74.6K
Net DEX3.9M1.6M4.8M2.4M4.1M
Net VEX-22.5K-25.9K-13.4K-13.4K-25.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.280.0951.801.641.26
Total Volume2,006.819225,7141,393651
Total OI56,807.95239,15363,51139,15363,511

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$2.04$2.0073.0%20.9%89.2%58.8%73.3%15.8%-1.6%-7.0K2.4M-13.4K1.6444.37N/AN/A52886517,79421,359
2019-01-03$2.14$2.0075.0%22.4%88.9%61.1%74.6%8.5%-9.8%-8.2K2.4M-15.0K2.5872.68N/AN/A5801,49518,06422,435
2019-01-04$2.20$2.0072.4%20.2%89.7%58.1%70.9%7.6%3.9%-9.3K2.4M-15.0K2.6438.55N/AN/A5831,53818,29922,394
2019-01-07$2.29$2.0037.0%19.9%90.7%16.6%76.2%15.9%-3.0%-9.7K2.2M-16.1K0.0952.23N/AN/A2132018,33322,322
2019-01-08$2.25$2.0070.8%26.0%88.4%56.3%89.0%10.3%11.7%-6.2K1.6M-19.6K51.8057.20N/AN/A48725,22718,42422,352
2019-01-09$2.23$2.0096.3%27.6%88.4%86.2%90.7%26.1%-6.7%-55.6K4.4M-25.3K0.3464.63N/AN/A57819718,64442,421
2019-01-10$2.21$2.00100.7%28.9%88.4%91.4%95.6%22.4%-8.0%-53.9K4.6M-24.2K0.4021.19N/AN/A51620518,99542,369
2019-01-11$2.22$2.0096.4%27.6%88.4%86.3%89.4%16.2%-2.9%-56.1K4.6M-24.0K0.3028.39N/AN/A73722319,05342,370
2019-01-14$2.23$2.0098.4%28.2%88.5%88.6%94.8%-6.5%1.8%-54.9K4.4M-24.8K0.1634.19N/AN/A3966419,28642,403
2019-01-15$2.25$2.0093.6%26.8%88.6%83.0%87.2%17.9%-4.9%-60.3K4.4M-24.9K0.3527.07N/AN/A29710419,43142,449
2019-01-16$2.30$2.0086.3%24.8%84.1%74.5%86.4%44.1%2.8%-61.5K4.4M-24.4K0.4230.59N/AN/A37315619,47842,465
2019-01-17$2.35$2.0084.0%24.1%74.5%71.7%89.2%31.5%-10.7%-67.5K4.2M-25.7K0.5955.06N/AN/A36321419,77242,386
2019-01-18$2.42$2.0082.5%23.7%67.4%70.0%85.0%49.5%1.1%-65.9K4.3M-25.9K0.3127.87N/AN/A62719419,76242,443
2019-01-22$2.31$2.5088.5%25.4%70.5%77.0%92.0%20.5%-10.1%-68.4K4.5M-23.7K0.9851.07N/AN/A18217918,92341,388
2019-01-23$2.25$2.50100.5%28.8%70.5%91.1%86.7%20.8%-26.6%-65.9K4.8M-22.5K0.2742.81N/AN/A52114319,05541,470
2019-01-24$2.32$2.5084.4%24.2%59.2%72.2%84.4%25.8%-3.2%-64.5K4.7M-23.6K0.1533.42N/AN/A1,68425019,65541,430
2019-01-25$2.35$2.5088.4%25.3%51.8%76.9%91.9%17.6%-27.4%-78.2K4.7M-23.6K0.2130.35N/AN/A85117820,81541,550
2019-01-28$2.40$2.0085.1%24.4%51.9%73.1%82.1%22.3%-9.0%-69.6K4.5M-25.1K1.4925.97N/AN/A375521,52741,601
2019-01-29$2.42$2.5087.3%25.0%51.7%75.6%87.2%45.9%-12.6%-71.7K4.3M-25.2K1.6728.01N/AN/A9816421,52841,650
2019-01-30$2.41$2.5077.2%22.1%42.7%63.8%80.5%41.5%-8.7%-73.6K4.4M-24.7K1.2731.32N/AN/A16320721,58841,773
2019-01-31$2.46$4.0093.4%22.2%36.8%82.8%77.7%31.3%-12.0%-74.6K4.1M-25.8K1.2634.76N/AN/A28836321,65041,861