CBL Options History — July 2022

In July 2022, CBL traded between $25.12 and $30.64. ATM implied volatility averaged 55.9%, placing in the 16.8% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded below realized volatility by 883.9% (HV 20d: 939.8%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 2.66.

Notable Days

2022-07-29: Highest Volume — 245 contracts
2022-07-05: Largest IV spike — 19.6% change
2022-07-12: Highest IV Rank — 21.4%
2022-07-11: Largest Expected Move — 18.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.22	$25.12	$30.64	$25.17	$30.64
Max Pain	$23.38	$22.50	$25.00	$25.00	$25.00
ATM IV	55.9%	48.6%	67.2%	54.4%	48.6%
Expected Move	16.0%	13.9%	18.1%	15.6%	13.9%
HV 20d	939.8%	43.5%	2024.4%	2023.8%	43.5%
HV 60d	1165.6%	1164.8%	1166.0%	1166.0%	1164.8%
IV Rank	16.8%	13.8%	21.4%	16.1%	13.8%
IV Percentile	6.6%	3.6%	12.4%	4.8%	3.6%
Term Structure	-4.7%	-7.2%	3.6%	3.6%	-6.7%
VWIV	60.0%	48.7%	65.5%	54.5%	48.7%
Skew 25d	4.0%	0.6%	6.2%	3.5%	6.2%
Skew 10d	8.6%	5.2%	11.3%	7.8%	11.3%
Call IV 25d	54.9%	47.8%	62.1%	56.8%	47.8%
Put IV 25d	58.9%	53.8%	66.1%	60.3%	54.0%
Bid-Ask Spread %	50.14	17.59	78.57	72.30	63.76
Gamma HHI	0.44	0.29	0.67	0.37	0.67
Net GEX	3.1K	-1.3K	9.5K	-351	8.8K
Net DEX	-127.6K	-252.5K	-49.4K	-53.6K	-159.7K
Net VEX	-1.2K	-1.4K	-510	-1.1K	-510
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.66	0.45	9.31	0.51	0.99
Total Volume	183.1	131	245	210	245
Total OI	297.65	237	365	237	272

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-07-01	$25.17	$25.00	54.4%	15.6%	2023.8%	16.1%	54.5%	3.5%	3.6%	-351	-53.6K	-1.1K	0.51	72.30	N/A	N/A	139	71	147	90
2022-07-05	$26.36	$22.50	65.0%	17.1%	2023.0%	20.5%	61.8%	3.0%	-4.4%	633	-98.1K	-1.2K	0.45	41.64	N/A	N/A	121	55	150	90
2022-07-06	$25.62	$22.50	58.3%	16.3%	2024.4%	17.8%	58.3%	0.6%	-2.9%	-89	-73.1K	-1.1K	0.54	41.65	N/A	N/A	121	65	151	90
2022-07-07	$26.32	$22.50	56.5%	17.5%	2022.9%	17.0%	64.1%	4.7%	-5.5%	192	-98.3K	-1.2K	0.50	17.59	N/A	N/A	130	65	151	100
2022-07-08	$25.82	$22.50	55.7%	17.5%	2023.2%	16.7%	63.4%	5.1%	-5.1%	756	-94.1K	-1.2K	0.48	37.97	N/A	N/A	130	63	162	100
2022-07-11	$25.12	$22.50	65.4%	18.1%	2023.7%	20.7%	64.1%	2.7%	-6.2%	-404	-63.1K	-1.1K	0.79	36.02	N/A	N/A	130	103	161	102
2022-07-12	$25.31	$22.50	67.2%	18.1%	2023.6%	21.4%	65.5%	4.0%	-5.6%	-1.3K	-49.4K	-1.3K	0.79	36.35	N/A	N/A	130	103	161	142
2022-07-13	$25.59	$22.50	61.5%	17.6%	2022.2%	19.1%	64.4%	4.9%	-6.3%	-1.3K	-65.5K	-1.3K	0.79	36.95	N/A	N/A	130	103	161	142
2022-07-14	$26.08	$22.50	61.0%	17.5%	2004.2%	18.9%	64.1%	3.9%	-3.5%	-581	-84.0K	-1.3K	3.53	42.08	N/A	N/A	32	113	161	142
2022-07-15	$27.30	$22.50	57.6%	16.5%	64.1%	17.5%	59.9%	4.6%	-2.5%	1.6K	-122.3K	-1.3K	3.14	45.04	N/A	N/A	36	113	161	152
2022-07-18	$27.14	$22.50	58.6%	16.8%	63.4%	17.9%	62.4%	4.4%	-5.1%	1.6K	-115.2K	-1.3K	5.24	39.90	N/A	N/A	21	110	159	140
2022-07-19	$27.54	$22.50	52.3%	15.0%	59.4%	15.3%	56.7%	3.8%	-3.7%	2.6K	-132.5K	-1.2K	2.16	27.96	N/A	N/A	51	110	160	140
2022-07-20	$27.86	$22.50	51.0%	14.6%	58.8%	14.8%	57.7%	3.9%	-4.4%	4.9K	-167.7K	-1.3K	2.82	59.97	N/A	N/A	39	110	187	140
2022-07-21	$27.90	$22.50	50.7%	14.5%	58.8%	14.7%	59.4%	3.4%	-4.5%	6.4K	-183.1K	-1.3K	5.05	44.78	N/A	N/A	22	111	205	140
2022-07-22	$27.45	$25.00	53.8%	15.4%	59.2%	15.9%	56.3%	4.0%	-6.1%	5.8K	-160.1K	-1.3K	5.50	65.37	N/A	N/A	22	121	205	141
2022-07-25	$28.32	$25.00	50.8%	14.6%	60.0%	14.7%	60.8%	3.8%	-5.4%	7.2K	-194.9K	-1.4K	9.31	66.81	N/A	N/A	13	121	205	151
2022-07-26	$28.87	$25.00	51.6%	14.8%	48.1%	15.0%	64.4%	4.7%	-6.2%	8.0K	-226.2K	-1.3K	8.40	70.74	N/A	N/A	15	126	206	151
2022-07-27	$29.31	$25.00	49.2%	14.1%	47.0%	14.0%	64.9%	3.0%	-6.7%	9.5K	-252.5K	-1.4K	1.11	77.45	N/A	N/A	113	126	209	156
2022-07-28	$30.60	$25.00	49.5%	14.2%	43.7%	14.2%	48.7%	5.9%	-7.2%	7.4K	-158.7K	-545	1.10	78.57	N/A	N/A	111	122	113	157
2022-07-29	$30.64	$25.00	48.6%	13.9%	43.5%	13.8%	48.7%	6.2%	-6.7%	8.8K	-159.7K	-510	0.99	63.76	N/A	N/A	123	122	114	158