CBL Options History — May 2019

In May 2019, CBL traded between $0.83 and $1.31. ATM implied volatility averaged 85.7%, placing in the 51.0% IV rank vs the trailing year. The 30-day expected move averaged 21.8%. IV traded below realized volatility by 9.2% (HV 20d: 95.0%). Max pain ranged from $1.00 to $1.50. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 1.12.

Notable Days

  • 2019-05-20: Highest Volume — 3,110 contracts
  • 2019-05-15: Largest IV drop — 75.4% change
  • 2019-05-14: Highest IV Rank — 100.0%
  • 2019-05-20: Largest Expected Move — 29.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.13$0.83$1.31$1.14$0.84
Max Pain$1.43$1.00$1.50$1.00$1.50
ATM IV85.7%42.3%171.6%76.8%77.3%
Expected Move21.8%12.1%29.8%22.0%22.2%
HV 20d95.0%85.8%101.2%85.8%90.7%
HV 60d93.4%89.1%97.7%89.3%97.7%
IV Rank51.0%13.0%100.0%53.3%36.1%
IV Percentile80.1%15.9%100.0%85.7%81.0%
Term Structure-4.4%-57.1%34.6%-42.1%-1.1%
VWIV81.2%49.7%138.7%94.3%91.0%
Skew 25d12.8%-22.7%55.3%-21.3%55.3%
Skew 10d31.7%-13.1%58.8%55.1%36.3%
Call IV 25d69.0%41.5%96.9%82.8%66.6%
Put IV 25d81.8%48.0%122.0%61.5%122.0%
Bid-Ask Spread %16.739.6626.8523.4919.66
Gamma HHI0.210.160.310.160.29
Net GEX701-2.0K2.9K1.6K-936
Net DEX960.7K672.0K1.0M1.0M1.0M
Net VEX-7.4K-9.2K-4.4K-7.0K-4.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.089.760.370.14
Total Volume797.727243,1109751,240
Total OI39,532.45538,45540,24238,47639,453

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$1.14$1.0076.8%22.0%85.8%53.3%94.3%-21.3%-42.1%1.6K1.0M-7.0K0.3723.49N/AN/A71026521,25417,222
2019-05-02$1.10$1.0096.4%27.6%86.1%72.7%138.7%-12.7%-57.1%1.2K1.0M-6.5K0.3617.94N/AN/A71025821,49417,334
2019-05-03$1.25$1.0098.2%28.1%100.0%74.5%110.8%19.3%-39.1%1.8K956.3K-8.5K0.2426.85N/AN/A1,10126621,68117,345
2019-05-06$1.27$1.5077.2%18.7%99.2%53.7%59.8%15.4%30.0%2.0K969.1K-8.5K0.1523.24N/AN/A5288121,79017,403
2019-05-07$1.22$1.5081.2%19.2%99.6%57.7%72.9%-22.7%14.9%2.1K994.1K-8.3K0.3825.29N/AN/A49918922,00817,366
2019-05-08$1.25$1.50100.8%21.3%100.4%77.1%73.5%9.1%3.6%1.4K1.0M-7.9K2.7722.48N/AN/A17247622,00417,361
2019-05-09$1.25$1.50106.9%18.9%100.1%83.1%62.7%12.9%20.4%961913.1K-9.1K2.8018.58N/AN/A15342821,99117,577
2019-05-10$1.31$1.5082.9%21.7%101.2%59.3%76.6%-11.5%-6.3%2.1K929.8K-9.0K0.1419.99N/AN/A6709621,97917,624
2019-05-13$1.29$1.50105.3%19.4%100.8%81.5%57.0%-16.5%-7.7%1.9K925.3K-9.2K0.1512.31N/AN/A69010521,97917,624
2019-05-14$1.24$1.50171.6%27.4%99.4%100.0%99.3%31.2%-1.0%2.9K926.4K-8.9K0.3111.32N/AN/A1,13435022,52817,685
2019-05-15$1.27$1.5042.3%12.1%99.9%13.0%0.0%9.0%34.6%2.2K1.0M-8.1K3.8012.97N/AN/A51922,53417,700
2019-05-16$1.25$1.5050.2%14.4%97.7%18.4%49.7%6.3%16.0%1.8K1.0M-8.0K0.6110.35N/AN/A281722,53317,700
2019-05-17$1.23$1.5070.1%20.1%95.0%31.7%69.9%1.5%-9.9%2.5K1.0M-7.9K0.329.66N/AN/A1334222,54117,701
2019-05-20$1.09$1.50104.0%29.8%92.7%54.6%103.4%47.1%-18.8%1.2K964.9K-7.1K9.7610.77N/AN/A2892,82121,72016,735
2019-05-21$1.10$1.5059.4%17.0%92.8%24.6%59.6%1.1%27.2%-2.0K1.0M-7.1K0.2821.75N/AN/A1484121,79317,952
2019-05-22$1.05$1.5083.7%24.0%92.8%40.5%80.4%27.5%-7.6%-1.3K998.6K-6.8K0.5410.01N/AN/A1367421,80017,856
2019-05-23$1.03$1.5086.1%24.7%87.7%42.1%86.1%27.9%-9.0%-1.3K1.0M-6.7K0.2410.16N/AN/A3267921,85817,763
2019-05-24$1.04$1.5096.4%27.6%87.7%49.1%95.2%33.1%-19.8%-941903.5K-7.4K0.6813.02N/AN/A37125122,05017,764
2019-05-28$0.98$1.5086.1%24.7%88.4%42.1%75.7%18.3%-20.9%-1.4K951.3K-6.5K0.4016.29N/AN/A24910022,13017,680
2019-05-29$0.85$1.5059.3%17.0%101.0%23.9%59.7%40.4%0.9%-1.2K899.5K-5.2K0.1614.39N/AN/A1,03116122,19817,704
2019-05-30$0.83$1.5074.2%21.3%90.5%34.0%88.4%10.8%-2.9%-1.4K672.0K-5.1K0.0817.65N/AN/A1,0248421,98217,318
2019-05-31$0.84$1.5077.3%22.2%90.7%36.1%91.0%55.3%-1.1%-9361.0M-4.4K0.1419.66N/AN/A1,08715322,18417,269