CBL Options History — November 2019

In November 2019, CBL traded between $1.23 and $1.69. ATM implied volatility averaged 84.7%, placing in the 39.1% IV rank vs the trailing year. The 30-day expected move averaged 24.9%. IV traded above realized volatility by 11.1% (HV 20d: 73.5%). Max pain ranged from $1.00 to $1.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 1.69.

Notable Days

  • 2019-11-04: Highest Volume — 10,726 contracts
  • 2019-11-07: Largest IV spike — 64.4% change
  • 2019-11-07: Highest IV Rank — 55.1%
  • 2019-11-05: Largest Expected Move — 29.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.46$1.23$1.69$1.58$1.42
Max Pain$1.48$1.00$1.50$1.00$1.50
ATM IV84.7%65.4%107.5%87.4%70.8%
Expected Move24.9%20.2%29.8%25.0%20.3%
HV 20d73.5%66.0%79.4%78.3%76.4%
HV 60d120.9%117.6%123.5%123.5%117.7%
IV Rank39.1%25.6%55.1%41.0%29.4%
IV Percentile62.1%35.3%92.9%71.8%35.3%
Term Structure4.0%-8.0%25.7%14.1%25.7%
VWIV85.6%62.9%96.3%91.3%88.3%
Skew 25d2.4%-49.0%36.9%24.9%10.8%
Skew 10d5.2%-12.9%27.0%11.7%11.1%
Call IV 25d75.4%50.0%111.4%50.0%69.2%
Put IV 25d77.8%54.9%95.9%75.0%80.0%
Bid-Ask Spread %32.2421.2345.3126.9631.76
Gamma HHI0.320.260.370.330.36
Net GEX3.1K1.3K14.1K14.1K2.3K
Net DEX956.3K-34.2K1.3M122.2K1.1M
Net VEX-13.2K-15.7K-10.6K-10.6K-12.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.690.0221.720.600.02
Total Volume1,119.27710,72691483
Total OI52,503.343,01653,96743,01653,730

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-11-01$1.58$1.0087.4%25.0%78.3%41.0%0.0%24.9%14.1%14.1K122.2K-10.6K0.6026.96N/AN/A57034425,16917,847
2019-11-04$1.63$1.5078.8%26.6%78.6%35.0%91.3%9.8%-0.2%13.0K-34.2K-11.2K21.7242.72N/AN/A47210,25425,19417,983
2019-11-05$1.69$1.5076.1%29.8%78.9%33.1%96.1%24.9%-6.8%1.3K738.7K-15.7K0.0822.81N/AN/A5984725,46328,035
2019-11-06$1.61$1.5065.4%26.2%78.9%25.6%82.7%-0.2%6.7%1.5K794.2K-15.4K0.0636.29N/AN/A1,79611225,45228,059
2019-11-07$1.64$1.50107.5%27.7%76.0%55.1%80.3%36.9%-6.2%1.5K804.1K-15.5K0.1035.50N/AN/A1631625,86328,070
2019-11-08$1.55$1.50102.6%26.0%69.5%51.6%83.5%27.6%0.4%2.0K914.7K-15.0K4.5037.19N/AN/A146325,84428,077
2019-11-11$1.46$1.5097.7%28.0%69.1%48.2%93.9%-30.8%4.0%1.4K950.6K-14.3K0.1024.90N/AN/A6336125,84628,070
2019-11-12$1.50$1.5097.8%28.0%68.1%48.3%96.3%10.2%-3.3%2.1K1.0M-14.2K0.0225.29N/AN/A8042025,81628,066
2019-11-13$1.46$1.5093.0%26.7%68.8%45.0%93.0%1.8%3.3%1.6K1.1M-13.9K0.1233.47N/AN/A1,02112425,90528,062
2019-11-14$1.46$1.5094.3%27.0%68.4%45.9%86.4%2.2%-2.5%2.2K1.1M-13.5K0.1532.90N/AN/A71810525,43928,042
2019-11-15$1.49$1.5088.3%25.3%68.8%41.7%88.4%17.1%8.7%1.5K1.1M-13.9K0.0343.91N/AN/A5121725,61028,137
2019-11-18$1.48$1.5084.7%24.3%66.0%39.1%84.5%-0.9%9.5%2.2K1.0M-13.9K3.1037.43N/AN/A9128225,51427,927
2019-11-19$1.41$1.5094.6%27.1%67.9%46.1%94.7%-4.4%-8.0%2.3K1.1M-13.2K0.1534.39N/AN/A1362125,56628,048
2019-11-20$1.35$1.5074.4%21.3%69.2%31.9%73.9%-4.3%6.7%1.8K1.2M-12.6K0.0329.44N/AN/A184625,50028,055
2019-11-21$1.23$1.5070.6%20.2%75.6%29.3%62.9%-49.0%3.8%1.6K1.3M-11.4K0.3726.20N/AN/A54720525,36228,057
2019-11-22$1.26$1.5079.1%22.7%76.2%35.3%85.0%-13.6%-4.8%2.3K1.2M-11.4K0.1921.23N/AN/A1713325,05527,885
2019-11-25$1.31$1.5072.5%20.8%78.0%30.6%72.5%-5.6%15.0%2.6K1.2M-11.8K2.1229.64N/AN/A6614025,03827,871
2019-11-26$1.33$1.5074.7%21.4%78.4%32.2%87.7%-8.8%9.9%2.2K1.3M-11.9K0.2127.44N/AN/A71215025,04628,007
2019-11-27$1.38$1.5082.9%23.8%79.4%37.9%88.3%-0.6%4.9%2.5K1.1M-12.5K0.1645.31N/AN/A94414925,19928,157
2019-11-29$1.42$1.5070.8%20.3%76.4%29.4%0.0%10.8%25.7%2.3K1.1M-12.7K0.0231.76N/AN/A81225,62528,105