CBL Options History — April 2019

In April 2019, CBL traded between $1.00 and $1.54. ATM implied volatility averaged 79.9%, placing in the 63.2% IV rank vs the trailing year. The 30-day expected move averaged 22.6%. IV traded below realized volatility by 29.2% (HV 20d: 109.1%). Max pain ranged from $1.50 to $2.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.68.

Notable Days

  • 2019-04-24: Highest Volume — 2,378 contracts
  • 2019-04-24: Largest IV spike — 107.8% change
  • 2019-04-24: Highest IV Rank — 100.0%
  • 2019-04-30: Largest Expected Move — 35.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.31$1.00$1.54$1.50$1.02
Max Pain$1.52$1.50$2.00$2.00$1.50
ATM IV79.9%53.4%124.0%75.0%124.0%
Expected Move22.6%15.3%35.6%20.3%35.6%
HV 20d109.1%69.0%121.5%118.0%72.5%
HV 60d80.4%77.7%85.5%78.5%85.4%
IV Rank63.2%35.8%100.0%61.1%100.0%
IV Percentile79.6%44.0%100.0%86.5%100.0%
Term Structure-6.1%-41.3%20.4%-0.2%-25.3%
VWIV81.6%61.4%123.4%75.8%123.4%
Skew 25d15.5%-13.2%49.1%15.3%42.8%
Skew 10d28.1%-9.2%73.3%31.2%68.2%
Call IV 25d72.5%48.7%163.7%69.8%96.7%
Put IV 25d87.9%57.2%158.5%85.0%139.5%
Bid-Ask Spread %31.5117.8045.6427.5533.75
Gamma HHI0.200.160.230.220.16
Net GEX1.6K-1.4K3.1K2.2K910
Net DEX1.2M943.3K1.4M1.4M943.3K
Net VEX-8.5K-10.7K-6.0K-9.8K-6.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.152.160.150.90
Total Volume994.5241172,378134509
Total OI36,66035,69538,10635,79538,106

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$1.50$2.0075.0%20.3%118.0%61.1%75.8%15.3%-0.2%2.2K1.4M-9.8K0.1527.55N/AN/A1171719,13116,664
2019-04-02$1.51$1.5060.8%18.7%118.2%44.5%65.4%16.6%7.8%2.1K1.4M-10.1K0.3330.77N/AN/A31510319,19216,665
2019-04-03$1.49$1.5071.5%19.0%118.1%57.1%66.3%16.8%6.6%3.1K1.3M-10.1K0.3534.26N/AN/A36713019,30516,390
2019-04-04$1.49$1.5063.3%21.1%117.9%47.4%71.8%16.5%-2.1%3.0K1.3M-10.0K0.3633.86N/AN/A36913219,37516,415
2019-04-05$1.54$1.5085.6%19.2%119.0%73.6%65.5%16.4%-5.9%2.6K1.3M-10.7K0.3645.64N/AN/A65123619,38016,448
2019-04-08$1.50$1.5063.2%20.2%119.2%47.4%70.9%17.1%-5.8%2.9K1.2M-10.3K1.2126.45N/AN/A21025419,57116,458
2019-04-09$1.48$1.5079.7%18.7%119.1%66.7%65.3%12.8%1.1%2.5K1.2M-10.1K2.0438.28N/AN/A14028619,68716,698
2019-04-10$1.50$1.5072.1%20.7%117.5%57.8%72.5%18.4%-10.8%2.6K1.3M-10.0K2.1631.51N/AN/A36278119,74716,706
2019-04-11$1.44$1.5068.2%19.6%117.0%53.2%68.5%49.1%-7.2%-1.4K1.3M-9.4K0.7525.97N/AN/A78958919,88316,977
2019-04-12$1.47$1.5061.1%17.5%112.8%44.9%61.4%9.4%11.5%5661.3M-9.7K0.3737.58N/AN/A1,36351119,90916,922
2019-04-15$1.38$1.5053.4%15.3%113.6%35.8%63.6%13.5%18.3%3471.3M-8.9K0.6020.48N/AN/A46327820,27816,910
2019-04-16$1.36$1.5075.7%21.7%112.0%62.0%78.2%-2.5%-8.9%1.4K1.3M-9.1K0.3228.12N/AN/A83126620,40316,861
2019-04-17$1.28$1.5056.8%16.3%112.9%39.8%79.5%-4.2%13.6%2.3K1.3M-7.8K0.2124.07N/AN/A1,45531020,58016,712
2019-04-18$1.20$1.5062.7%18.0%113.9%46.7%76.3%2.4%20.4%2.1K1.2M-7.1K0.4034.37N/AN/A1,38455720,57016,705
2019-04-22$1.05$1.50101.4%29.1%120.6%92.1%97.2%35.4%-27.1%1.1K1.1M-6.3K0.3223.77N/AN/A77224719,52616,314
2019-04-23$1.05$1.5059.0%16.9%120.4%42.3%83.4%-13.2%-7.6%1.8K1.1M-6.0K0.2140.87N/AN/A75015419,75716,347
2019-04-24$1.10$1.50122.5%35.1%121.5%100.0%0.0%-5.1%-30.8%2.0K1.1M-6.4K2.0444.79N/AN/A7811,59720,09715,895
2019-04-25$1.01$1.50101.7%29.2%85.2%79.1%118.6%14.1%-25.2%1601.0M-6.6K0.1917.80N/AN/A1,35825320,26017,173
2019-04-26$1.00$1.50118.1%33.9%69.0%95.6%122.5%25.0%-41.3%4071.0M-6.2K0.3934.47N/AN/A77930220,71317,116
2019-04-29$1.05$1.50102.0%29.2%72.6%79.4%106.7%27.9%-9.8%9601.0M-6.4K0.6327.33N/AN/A724520,98217,032
2019-04-30$1.02$1.50124.0%35.6%72.5%100.0%123.4%42.8%-25.3%910943.3K-6.7K0.9033.75N/AN/A26824121,05817,048