CBL Options History — July 2020

In July 2020, CBL traded between $0.18 and $0.27. ATM implied volatility averaged 151.5%, placing in the 56.0% IV rank vs the trailing year. The 30-day expected move averaged 42.4%. IV traded above realized volatility by 10.3% (HV 20d: 141.2%). Max pain ranged from $1.00 to $1.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 1.15.

Notable Days

  • 2020-07-16: Highest Volume — 2,164 contracts
  • 2020-07-31: Largest IV spike — 836.8% change
  • 2020-07-10: Highest IV Rank — 75.6%
  • 2020-07-10: Largest Expected Move — 57.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.23$0.18$0.27$0.27$0.18
Max Pain$1.00$1.00$1.00$1.00$1.00
ATM IV151.5%15.0%199.3%175.9%140.5%
Expected Move42.4%4.3%57.1%54.5%4.3%
HV 20d141.2%107.7%184.0%184.0%149.8%
HV 60d159.3%156.1%170.4%161.7%157.4%
IV Rank56.0%0.0%75.6%66.0%51.5%
IV Percentile73.2%0.4%99.2%89.7%66.3%
Term Structure-42.3%-44.9%-40.2%-40.2%-44.9%
Skew 25d56.2%-43.6%111.0%69.0%-43.6%
Skew 10d45.3%-43.6%114.1%43.0%-43.6%
Call IV 25d155.4%97.5%261.5%145.4%261.5%
Put IV 25d211.6%137.4%260.4%214.3%217.8%
Bid-Ask Spread %18.655.2739.5915.3930.11
Gamma HHI0.490.211.000.221.00
Net GEX65301.2K1.0K0
Net DEX-98.2K-208.5K45.7K-195.6K41.1K
Net VEX-886-1.5K0-1.5K0
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.150.004.630.130.09
Total Volume671.5882,164657489
Total OI30,064.45528,15332,45829,67629,350

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$0.27$1.00175.9%0.0%184.0%66.0%0.0%69.0%0.0%1.0K-195.6K-1.5K0.1315.39N/AN/A5817627,5072,169
2020-07-02$0.26$1.00182.7%0.0%182.5%68.8%0.0%66.6%0.0%972-195.1K-1.4K0.6415.39N/AN/A40926227,9572,208
2020-07-06$0.26$1.00190.1%54.5%166.1%71.8%0.0%93.9%-40.2%943-196.8K-1.4K2.9018.27N/AN/A29084128,1922,279
2020-07-07$0.26$1.00192.5%55.2%147.8%72.8%0.0%104.6%-41.4%912-176.3K-1.4K3.7816.36N/AN/A24291428,3612,834
2020-07-08$0.26$1.00194.7%55.8%145.7%73.7%0.0%58.6%-42.5%963-117.0K-1.2K2.5922.06N/AN/A26568728,4862,545
2020-07-09$0.25$1.00157.8%0.0%140.7%58.6%0.0%105.8%0.0%871-194.7K-1.4K2.4921.87N/AN/A19448428,5632,783
2020-07-10$0.26$1.00199.3%57.1%129.1%75.6%0.0%1.5%-44.9%1.0K-168.9K-1.4K4.639.06N/AN/A13361628,6652,735
2020-07-13$0.26$1.00157.8%0.0%123.5%58.6%0.0%84.8%0.0%891-208.5K-1.4K2.6917.11N/AN/A15541728,7112,641
2020-07-14$0.25$1.00163.6%0.0%111.5%60.9%0.0%82.5%0.0%994-136.7K-1.3K1.2012.06N/AN/A11814228,7342,538
2020-07-15$0.26$1.00159.9%0.0%109.5%59.4%0.0%103.2%0.0%1.0K-144.2K-1.3K0.5718.28N/AN/A40323028,8092,440
2020-07-16$0.27$1.00156.8%44.9%110.3%58.1%0.0%43.5%0.0%1.2K-114.5K-1.2K0.448.43N/AN/A1,50565929,0432,488
2020-07-17$0.26$1.00138.3%39.6%107.7%50.6%0.0%66.2%0.0%1.0K-199.0K-1.4K1.795.27N/AN/A30554729,6732,785
2020-07-20$0.18$1.00179.2%0.0%164.4%67.3%0.0%111.0%0.0%045.1K00.3910.12N/AN/A86934225,6452,508
2020-07-21$0.19$1.00152.2%0.0%141.5%56.2%0.0%0.0%0.0%785-139.0K-1.0K0.5021.07N/AN/A1949725,9192,367
2020-07-22$0.19$1.00131.5%0.0%140.3%47.8%0.0%-1.8%0.0%043.4K00.0339.59N/AN/A6942426,0132,282
2020-07-23$0.19$1.00131.9%0.0%138.3%47.9%0.0%-0.3%0.0%043.1K00.1329.79N/AN/A781026,5242,271
2020-07-24$0.20$1.0049.1%14.1%140.6%14.0%0.0%0.0%0.0%881-138.5K-1.1K0.089.59N/AN/A3522926,5632,267
2020-07-27$0.19$1.00133.8%0.0%139.9%48.7%0.0%39.9%0.0%043.5K00.0214.78N/AN/A208426,7112,287
2020-07-28$0.19$1.00134.2%0.0%139.9%48.9%0.0%-10.6%0.0%043.4K00.1514.16N/AN/A1822826,8032,286
2020-07-29$0.21$1.00196.8%56.4%146.1%74.5%0.0%54.1%0.0%881-140.1K-1.1K0.0031.76N/AN/A467126,8162,285
2020-07-30$0.20$1.0015.0%4.3%146.5%0.0%0.0%94.3%0.0%045.7K00.0029.86N/AN/A229127,0902,285
2020-07-31$0.18$1.00140.5%0.0%149.8%51.5%0.0%-43.6%0.0%041.1K00.0930.11N/AN/A4503927,0652,285