CBL Options History — June 2019

In June 2019, CBL traded between $0.80 and $1.23. ATM implied volatility averaged 83.3%, placing in the 40.2% IV rank vs the trailing year. The 30-day expected move averaged 23.9%. IV traded below realized volatility by 14.9% (HV 20d: 98.2%). Max pain ranged from $1.00 to $1.50. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 1.94.

Notable Days

  • 2019-06-25: Highest Volume — 2,108 contracts
  • 2019-06-20: Largest IV spike — 93.7% change
  • 2019-06-26: Highest IV Rank — 61.4%
  • 2019-06-26: Largest Expected Move — 32.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.04$0.80$1.23$0.80$1.03
Max Pain$1.07$1.00$1.50$1.50$1.00
ATM IV83.3%44.6%114.7%79.5%89.6%
Expected Move23.9%12.8%32.9%22.8%25.7%
HV 20d98.2%74.4%112.8%74.4%100.1%
HV 60d99.9%91.5%106.1%97.8%92.8%
IV Rank40.2%14.0%61.4%37.6%44.4%
IV Percentile77.4%17.9%98.4%81.7%88.1%
Term Structure0.2%-29.8%35.5%-29.8%3.6%
VWIV86.3%35.8%121.1%79.9%89.7%
Skew 25d9.9%-80.2%77.5%31.1%35.8%
Skew 10d6.5%-77.8%81.7%49.2%24.6%
Call IV 25d86.4%47.1%148.9%94.3%47.1%
Put IV 25d96.3%57.7%155.1%125.4%82.9%
Bid-Ask Spread %27.7012.5443.1712.5431.14
Gamma HHI0.240.180.360.200.24
Net GEX304-2.5K2.9K1.3K-533
Net DEX910.7K781.9K1.1M977.1K947.8K
Net VEX-6.3K-8.2K-4.2K-4.2K-5.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.940.387.171.660.72
Total Volume891.853132,1083591,551
Total OI38,866.531,75741,41339,57733,849

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-06-03$0.80$1.5079.5%22.8%74.4%37.6%79.9%31.1%-29.8%1.3K977.1K-4.2K1.6612.54N/AN/A13522422,27017,307
2019-06-04$0.86$1.5066.0%18.9%80.7%28.4%0.0%70.4%23.9%1.1K940.6K-5.1K0.5413.13N/AN/A45424622,35017,323
2019-06-05$0.88$1.5073.7%21.1%81.7%33.6%84.6%73.3%-25.1%-1.6K988.3K-5.0K0.7014.27N/AN/A46032022,66517,436
2019-06-06$0.89$1.0076.7%28.4%80.9%35.7%99.6%77.5%-17.0%-1.4K1.0M-4.4K1.1721.28N/AN/A21525222,75917,420
2019-06-07$1.03$1.00109.7%23.5%99.5%58.1%82.1%36.4%5.6%-1.1K910.1K-6.5K0.4842.50N/AN/A76236622,90517,428
2019-06-10$1.12$1.0077.8%26.4%103.1%36.4%92.1%10.0%-18.7%-1.2K860.2K-7.2K1.8430.00N/AN/A29854823,22017,507
2019-06-11$1.11$1.0083.6%22.1%103.0%40.4%0.0%-73.3%22.5%-1.8K872.7K-7.3K0.9937.21N/AN/A53853423,28717,923
2019-06-12$1.09$1.0092.0%26.4%102.4%46.1%0.0%-80.2%-14.8%-2.5K865.9K-7.2K1.1243.17N/AN/A48554223,21617,965
2019-06-13$1.12$1.0087.5%25.1%102.6%43.0%92.2%-8.8%-10.4%-795880.7K-7.4K0.7720.28N/AN/A72756223,24917,975
2019-06-14$1.11$1.0055.2%15.8%102.5%21.1%54.0%-16.4%35.5%-2.1K830.9K-7.5K0.7929.74N/AN/A68253823,18618,038
2019-06-17$1.19$1.0072.0%20.6%105.8%32.5%73.8%-8.0%21.3%2.9K821.0K-7.9K3.7539.98N/AN/A6925923,18618,032
2019-06-18$1.21$1.0059.1%17.0%96.1%23.8%44.7%12.4%12.9%2.6K855.1K-7.8K2.5513.71N/AN/A10727323,23518,145
2019-06-19$1.23$1.0044.6%12.8%96.2%14.0%35.8%12.0%32.5%2.5K781.9K-8.2K5.2627.57N/AN/A5026323,18718,158
2019-06-20$1.12$1.0086.5%24.8%100.9%42.3%108.3%-32.3%-17.6%2.3K837.9K-7.3K3.6030.92N/AN/A13247523,20718,159
2019-06-21$0.98$1.0079.6%22.8%111.8%37.7%79.7%-15.8%9.0%2.2K1.1M-5.8K0.6437.43N/AN/A29418923,24918,164
2019-06-24$1.02$1.00106.7%30.6%112.8%56.0%112.3%3.2%-1.9%2.4K890.5K-5.6K4.1132.43N/AN/A17572016,40115,356
2019-06-25$1.02$1.00109.3%31.3%110.7%57.8%121.1%12.8%3.0%2.2K917.1K-5.5K7.1736.40N/AN/A2581,85016,45015,714
2019-06-26$0.96$1.00114.7%32.9%99.8%61.4%115.8%29.3%-27.0%-103922.5K-5.6K0.5925.21N/AN/A79046916,54617,106
2019-06-27$0.99$1.00101.6%29.1%99.5%52.6%101.8%28.1%-3.6%-293970.6K-5.5K0.3815.13N/AN/A74428116,63817,119
2019-06-28$1.03$1.0089.6%25.7%100.1%44.4%89.7%35.8%3.6%-533947.8K-5.9K0.7231.14N/AN/A90264916,70217,147