CBL Options History — April 2020

In April 2020, CBL traded between $0.18 and $0.35. ATM implied volatility averaged 174.3%, placing in the 84.8% IV rank vs the trailing year. The 30-day expected move averaged 54.2%. IV traded below realized volatility by 20.8% (HV 20d: 195.1%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 20 of 21 trading days. Put/call ratio averaged 0.20.

Notable Days

  • 2020-04-23: Highest Volume — 416 contracts
  • 2020-04-27: Largest IV drop — 22.0% change
  • 2020-04-22: Highest IV Rank — 99.3%
  • 2020-04-22: Largest Expected Move — 56.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.24$0.18$0.35$0.18$0.29
Max Pain$1.00$1.00$1.00$1.00$1.00
ATM IV174.3%140.4%196.8%187.2%168.3%
Expected Move54.2%51.2%56.4%51.2%56.4%
HV 20d195.1%128.1%256.1%246.7%150.2%
HV 60d162.7%152.0%177.3%152.0%177.2%
IV Rank84.8%63.1%99.3%93.1%81.0%
IV Percentile96.5%84.9%99.6%99.6%94.0%
Skew 25d6.2%-257.1%61.5%36.7%10.1%
Skew 10d2.7%-257.1%61.5%23.4%11.4%
Call IV 25d125.4%92.1%258.4%118.8%93.8%
Put IV 25d131.6%1.3%180.7%155.5%103.9%
Bid-Ask Spread %119.2875.33150.32103.26130.95
Gamma HHI0.310.171.000.190.36
Net GEX3740667331546
Net DEX26.2K-20.0K77.4K-2.7K38.8K
Net VEX-565-9160-677-598
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.200.001.950.390.00
Total Volume118.42974168933
Total OI17,207.23816,60218,11916,60218,111

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$0.18$1.00187.2%0.0%246.7%93.1%0.0%0.0%0.0%331-2.7K-6770.39103.26N/AN/A642513,2243,378
2020-04-02$0.19$1.00181.8%0.0%249.5%89.7%0.0%36.7%0.0%21140.9K-3290.10150.32N/AN/A1141113,2813,360
2020-04-03$0.19$1.00182.9%0.0%249.6%90.4%0.0%36.5%0.0%21840.1K-3460.00131.34N/AN/A37013,3573,364
2020-04-06$0.21$1.00174.5%0.0%249.8%85.0%0.0%0.0%0.0%398-20.0K-8470.17128.93N/AN/A651113,3703,367
2020-04-07$0.24$1.00160.2%0.0%256.1%75.8%0.0%0.0%0.0%393-1.0K-8000.24116.40N/AN/A832013,4243,366
2020-04-08$0.23$1.00166.1%0.0%256.0%79.6%0.0%-257.1%0.0%077.4K00.08125.41N/AN/A37313,5003,367
2020-04-09$0.24$1.00162.4%0.0%254.0%77.2%0.0%-27.5%0.0%505-14.9K-9160.04130.30N/AN/A120513,5333,359
2020-04-13$0.26$1.00163.7%0.0%236.5%78.1%0.0%22.8%0.0%36341.0K-5390.00140.38N/AN/A77013,6363,359
2020-04-14$0.23$1.00173.5%0.0%238.9%84.4%0.0%40.8%0.0%36422.7K-6250.00143.42N/AN/A19013,6973,332
2020-04-15$0.22$1.00180.4%0.0%238.5%88.7%0.0%19.0%0.0%38514.5K-6210.21126.25N/AN/A751613,7073,298
2020-04-16$0.21$1.00187.6%0.0%178.6%93.4%0.0%0.0%0.0%32914.6K-5870.00128.54N/AN/A29013,7613,304
2020-04-17$0.21$1.00178.4%51.2%137.0%87.5%0.0%59.6%0.0%34413.5K-6150.75121.78N/AN/A4313,7883,304
2020-04-20$0.21$1.00188.8%54.1%131.4%94.2%0.0%30.2%0.0%33013.7K-5860.11110.63N/AN/A1071213,6843,264
2020-04-21$0.21$1.00192.6%55.2%128.1%96.6%0.0%0.0%0.0%168.7K-10.0375.33N/AN/A263913,7893,271
2020-04-22$0.21$1.00196.8%56.4%128.4%99.3%0.0%0.0%0.0%38010.4K-6040.02110.06N/AN/A217414,0513,277
2020-04-23$0.25$1.00176.0%0.0%143.0%86.0%0.0%27.8%0.0%42625.7K-6260.00103.83N/AN/A414214,2523,273
2020-04-24$0.27$1.00180.1%0.0%145.8%88.6%0.0%0.0%0.0%47429.8K-6111.9598.27N/AN/A407814,6163,273
2020-04-27$0.35$1.00140.4%0.0%163.0%63.1%0.0%61.5%0.0%60957.0K-6070.19109.06N/AN/A1763414,6453,285
2020-04-28$0.32$1.00163.6%0.0%159.0%78.0%0.0%13.3%0.0%66736.9K-6520.00111.06N/AN/A182014,7223,284
2020-04-29$0.32$1.00154.2%0.0%157.3%71.9%0.0%13.4%0.0%58742.2K-6690.00109.43N/AN/A98014,8353,284
2020-04-30$0.29$1.00168.3%0.0%150.2%81.0%0.0%10.1%0.0%54638.8K-5980.00130.95N/AN/A33014,8273,284