CBL Options History — August 2019

In August 2019, CBL traded between $0.81 and $0.97. ATM implied volatility averaged 76.0%, placing in the 35.2% IV rank vs the trailing year. The 30-day expected move averaged 20.7%. IV traded below realized volatility by 9.0% (HV 20d: 84.9%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.23.

Notable Days

  • 2019-08-14: Highest Volume — 1,194 contracts
  • 2019-08-26: Largest IV spike — 49.4% change
  • 2019-08-13: Highest IV Rank — 79.1%
  • 2019-08-26: Largest Expected Move — 27.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.88$0.81$0.97$0.97$0.90
Max Pain$1.00$1.00$1.00$1.00$1.00
ATM IV76.0%49.1%140.7%93.1%50.5%
Expected Move20.7%14.1%27.8%26.7%14.5%
HV 20d84.9%78.2%96.4%88.3%89.8%
HV 60d89.5%85.0%91.2%88.9%90.4%
IV Rank35.2%17.0%79.1%46.8%18.0%
IV Percentile56.2%17.9%99.6%85.3%17.9%
Term Structure9.7%-28.3%41.9%-1.9%27.8%
VWIV87.2%44.6%162.6%90.8%50.8%
Skew 25d33.7%14.9%65.1%27.0%65.1%
Skew 10d32.1%9.2%52.7%30.1%52.7%
Call IV 25d67.1%49.5%93.8%70.6%50.2%
Put IV 25d100.8%88.6%119.5%97.6%115.3%
Bid-Ask Spread %31.0216.20107.06107.0627.82
Gamma HHI0.250.210.340.230.32
Net GEX3.9K2.4K6.7K2.8K6.4K
Net DEX765.4K706.9K817.0K793.8K706.9K
Net VEX-4.9K-5.6K-4.2K-5.6K-5.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.230.001.940.340.22
Total Volume348.545381,194659290
Total OI36,185.68234,70638,62634,70638,626

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$0.97$1.0093.1%26.7%88.3%46.8%90.8%27.0%-1.9%2.8K793.8K-5.6K0.34107.06N/AN/A49016918,73215,974
2019-08-02$0.97$1.0085.3%24.5%88.3%41.5%115.6%27.5%-28.3%2.9K817.0K-5.4K0.0224.71N/AN/A142318,77416,030
2019-08-05$0.94$1.0072.4%25.9%82.6%32.8%91.5%21.0%1.1%3.0K806.2K-5.3K0.0335.50N/AN/A64218,86516,031
2019-08-06$0.89$1.0093.9%20.3%81.7%47.3%58.9%28.8%37.3%2.8K792.9K-5.1K0.1124.48N/AN/A2452718,88216,032
2019-08-07$0.95$1.0080.3%26.3%81.6%38.1%91.9%21.4%-6.3%3.3K813.9K-5.2K0.1428.44N/AN/A1011419,11615,854
2019-08-08$0.92$1.0083.7%23.6%78.7%40.4%82.7%16.9%9.9%3.2K780.1K-5.1K0.2128.47N/AN/A891919,18115,868
2019-08-09$0.87$1.0081.5%23.0%80.3%38.9%80.1%29.0%32.6%2.7K754.4K-5.0K0.0424.74N/AN/A3621419,19215,870
2019-08-12$0.92$1.00118.2%24.8%83.9%63.8%87.9%17.7%-6.4%3.3K803.5K-5.1K0.2730.29N/AN/A1604319,38715,861
2019-08-13$0.90$1.00140.7%24.3%82.3%79.1%81.2%15.4%-6.3%2.9K800.0K-4.8K1.9432.22N/AN/A6512619,52515,889
2019-08-14$0.81$1.0081.7%23.4%86.3%39.1%78.8%14.9%8.4%2.4K774.3K-4.4K0.0537.09N/AN/A1,1425219,58515,878
2019-08-15$0.81$1.0057.2%16.4%83.2%22.5%128.8%24.9%41.9%3.4K774.9K-4.3K0.3922.71N/AN/A1415520,67115,786
2019-08-16$0.82$1.0058.8%16.9%83.2%23.6%128.4%32.9%34.5%3.7K783.1K-4.2K0.0417.83N/AN/A5872120,75115,656
2019-08-19$0.84$1.0062.7%18.0%83.8%26.2%162.6%45.1%-14.1%4.1K770.3K-4.4K0.0147.02N/AN/A189120,93015,588
2019-08-20$0.84$1.0063.7%18.3%81.1%26.9%80.1%46.0%33.8%4.2K761.5K-4.5K0.2222.68N/AN/A731621,11515,552
2019-08-21$0.86$1.0065.6%18.8%81.3%28.2%106.0%46.7%4.7%4.3K728.4K-4.8K0.4823.22N/AN/A442121,09915,545
2019-08-22$0.82$1.0049.1%14.1%80.3%17.0%44.6%21.8%3.3%3.8K762.6K-4.4K0.0424.64N/AN/A3931421,07315,565
2019-08-23$0.81$1.0064.8%18.6%78.2%27.6%68.2%31.4%-18.1%3.9K744.4K-4.4K0.1323.47N/AN/A2112821,32015,567
2019-08-26$0.94$1.0096.8%27.8%96.4%49.3%96.9%25.7%-12.8%5.1K721.7K-5.2K0.3220.43N/AN/A56718321,49715,556
2019-08-27$0.88$1.0060.2%17.3%94.0%24.5%69.1%61.2%2.7%5.4K722.3K-5.2K0.0320.10N/AN/A37121,97715,724
2019-08-28$0.87$1.0060.9%17.5%94.0%25.0%67.3%56.4%37.5%5.1K719.4K-5.0K0.0116.20N/AN/A644421,99715,724
2019-08-29$0.92$1.0050.5%14.5%89.5%18.0%56.6%64.7%32.1%6.7K707.6K-5.5K0.0043.30N/AN/A815422,52015,720
2019-08-30$0.90$1.0050.5%14.5%89.8%18.0%50.8%65.1%27.8%6.4K706.9K-5.4K0.2227.82N/AN/A2385222,91115,715