CBL Options History — February 2019

In February 2019, CBL traded between $2.08 and $2.49. ATM implied volatility averaged 61.4%, placing in the 45.3% IV rank vs the trailing year. The 30-day expected move averaged 16.9%. IV traded above realized volatility by 15.0% (HV 20d: 46.5%). Max pain ranged from $3.50 to $4.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 1.24.

Notable Days

  • 2019-02-07: Highest Volume — 1,794 contracts
  • 2019-02-26: Largest IV spike — 44.5% change
  • 2019-02-04: Highest IV Rank — 75.0%
  • 2019-02-28: Largest Expected Move — 20.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.27$2.08$2.49$2.47$2.15
Max Pain$3.87$3.50$4.00$4.00$3.50
ATM IV61.4%40.7%86.8%83.5%72.2%
Expected Move16.9%11.7%20.7%19.2%20.7%
HV 20d46.5%31.6%54.6%33.9%54.6%
HV 60d64.1%62.6%65.8%62.9%64.3%
IV Rank45.3%20.9%75.0%71.2%57.9%
IV Percentile64.9%23.4%94.0%91.7%82.9%
Term Structure-3.6%-14.0%10.2%-3.8%-9.8%
VWIV61.3%40.8%113.3%69.7%58.9%
Skew 25d9.5%-23.4%32.6%23.0%23.5%
Skew 10d15.5%2.1%33.9%32.7%18.1%
Call IV 25d48.8%35.3%59.4%52.1%52.0%
Put IV 25d58.3%32.6%80.9%75.1%75.4%
Bid-Ask Spread %19.6411.5742.7916.3720.37
Gamma HHI0.630.540.680.650.59
Net GEX-81.2K-106.6K-45.9K-86.1K-65.5K
Net DEX5.3M4.2M6.3M4.3M5.9M
Net VEX-20.4K-26.0K-13.9K-25.2K-17.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.240.116.520.560.72
Total Volume878.4211781,794787715
Total OI66,951.21163,60568,51963,60568,355

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$2.47$4.0083.5%19.2%33.9%71.2%69.7%23.0%-3.8%-86.1K4.3M-25.2K0.5616.37N/AN/A50628121,67441,931
2019-02-04$2.44$4.0086.8%20.0%33.7%75.0%74.7%32.6%-7.1%-78.9K4.2M-24.8K0.1126.16N/AN/A6827722,76241,958
2019-02-05$2.49$4.0083.2%20.1%31.6%70.8%68.7%30.4%-8.4%-84.0K4.2M-26.0K0.8418.69N/AN/A28924423,08142,011
2019-02-06$2.43$4.0071.1%20.4%32.3%56.6%76.0%25.6%-10.9%-79.7K4.5M-23.9K1.0314.84N/AN/A21221823,22942,201
2019-02-07$2.28$4.0065.3%18.7%40.1%49.8%77.3%21.5%-7.5%-81.7K4.8M-21.9K1.8842.79N/AN/A6241,17023,31842,385
2019-02-08$2.34$4.0054.5%15.6%40.9%37.1%47.3%-1.5%2.3%-100.1K5.0M-22.8K3.0038.96N/AN/A3371,01123,55743,306
2019-02-11$2.44$4.0054.9%15.7%43.1%37.6%50.2%7.8%0.7%-106.6K4.7M-24.0K6.5216.02N/AN/A9159323,60043,405
2019-02-12$2.25$4.0060.7%17.4%52.8%44.4%54.1%13.4%9.7%-96.0K5.4M-20.9K0.1313.17N/AN/A4796423,57543,913
2019-02-13$2.27$4.0059.1%16.9%52.8%42.5%47.2%-23.3%-2.7%-96.2K5.3M-21.2K0.1815.40N/AN/A94917123,80943,909
2019-02-14$2.32$4.0059.0%16.9%52.8%42.4%61.5%23.9%-6.9%-105.2K5.1M-21.8K0.3720.40N/AN/A94534624,28444,019
2019-02-15$2.26$4.0060.8%17.4%53.0%44.5%61.3%-23.4%-8.4%-94.9K5.2M-21.0K1.0811.81N/AN/A74680224,46744,052
2019-02-19$2.18$4.0052.4%15.0%52.9%34.6%44.3%8.0%-9.2%-80.9K5.6M-19.3K0.9614.68N/AN/A22021123,50143,303
2019-02-20$2.14$4.0053.7%15.4%50.9%36.2%40.8%5.4%-12.8%-73.3K5.7M-18.2K1.7711.57N/AN/A28951223,58843,417
2019-02-21$2.10$4.0053.5%15.3%50.6%36.0%61.3%1.0%-14.0%-65.7K5.9M-16.5K0.5214.28N/AN/A88145923,68043,713
2019-02-22$2.17$3.5047.1%13.5%50.8%28.4%52.9%4.5%8.1%-74.2K6.1M-16.9K0.5820.29N/AN/A76644624,08243,792
2019-02-25$2.21$3.5040.7%11.7%51.0%20.9%113.3%-0.6%10.2%-77.9K6.2M-17.2K1.4421.98N/AN/A7310524,50843,711
2019-02-26$2.10$3.5058.8%16.9%52.9%42.2%51.7%9.2%-0.2%-45.9K6.3M-13.9K1.1615.72N/AN/A23126924,47943,385
2019-02-27$2.08$3.5050.0%14.3%52.6%31.9%52.9%-1.3%1.4%-49.0K6.2M-14.9K0.7819.69N/AN/A38029624,58143,532
2019-02-28$2.15$3.5072.2%20.7%54.6%57.9%58.9%23.5%-9.8%-65.5K5.9M-17.0K0.7220.37N/AN/A41530024,80643,549