CBL Options History — December 2022

In December 2022, CBL traded between $22.71 and $30.73. ATM implied volatility averaged 52.9%, placing in the 15.5% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded above realized volatility by 12.0% (HV 20d: 40.9%). Max pain ranged from $22.80 to $30.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.53.

Notable Days

  • 2022-12-09: Highest Volume — 360 contracts
  • 2022-12-13: Largest IV spike — 60.9% change
  • 2022-12-13: Highest IV Rank — 34.4%
  • 2022-12-30: Largest Expected Move — 17.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.04$22.71$30.73$30.53$23.02
Max Pain$24.32$22.80$30.00$25.00$22.80
ATM IV52.9%40.3%98.8%53.0%59.4%
Expected Move13.8%11.5%17.0%15.2%17.0%
HV 20d40.9%26.5%47.5%29.1%42.7%
HV 60d39.8%35.2%41.9%37.3%39.7%
IV Rank15.5%10.4%34.4%15.6%18.2%
IV Percentile25.2%9.2%52.6%26.7%46.6%
Term Structure-4.8%-23.8%20.1%1.7%-23.4%
VWIV47.3%34.7%71.8%49.5%71.8%
Skew 25d13.8%-19.3%49.9%49.9%19.0%
Skew 10d18.5%-26.3%79.8%79.8%12.6%
Call IV 25d39.5%27.6%55.8%38.0%47.8%
Put IV 25d53.3%33.8%94.1%87.9%66.8%
Bid-Ask Spread %110.2791.86127.97116.64123.61
Gamma HHI0.550.290.740.650.33
Net GEX11.3K024.6K18.6K4.3K
Net DEX-215.8K-482.9K119.8K-482.9K-67.8K
Net VEX-1.4K-2.7K0-1.6K-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.002.780.000.00
Total Volume57.048036035
Total OI656.61901,579467687

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-12-01$30.53$25.0053.0%15.2%29.1%15.6%49.5%49.9%1.7%18.6K-482.9K-1.6K0.00116.64N/AN/A30320147
2022-12-02$30.73$25.0044.4%12.7%27.9%12.1%44.4%40.2%2.0%20.0K-469.4K-1.6K0.00113.36N/AN/A10323147
2022-12-05$30.54$30.0063.4%15.6%28.0%19.8%39.2%-0.1%-10.0%17.5K-441.6K-1.6K0.00101.80N/AN/A50324147
2022-12-06$30.17$30.0072.0%14.6%28.4%23.4%0.0%0.7%-10.0%16.8K-408.4K-1.5K1.2098.08N/AN/A56325147
2022-12-07$29.91$30.0054.1%13.4%28.2%16.1%56.0%26.2%-7.4%20.7K-423.2K-1.5K0.99107.92N/AN/A155154329158
2022-12-08$29.85$25.0042.1%11.5%26.5%11.1%34.7%13.8%2.8%24.6K-445.6K-2.0K0.5492.87N/AN/A8445478304
2022-12-09$26.74$0.0041.7%11.8%46.8%10.9%51.5%10.0%-17.1%0001.34106.04N/AN/A15420600
2022-12-12$26.19$22.8061.4%16.5%47.0%19.0%54.6%15.1%-16.2%13.5K-387.8K-1.8K0.4898.69N/AN/A12660502329
2022-12-13$25.51$22.8098.8%12.4%47.2%34.4%36.5%2.1%-4.3%11.4K-186.3K-1.5K0.0091.86N/AN/A240482317
2022-12-14$24.94$25.0048.8%14.0%47.5%13.9%0.0%12.7%-5.1%15.8K119.8K-2.7K0.00104.69N/AN/A04958621
2022-12-15$24.63$22.8045.6%13.1%46.3%12.6%0.0%-19.3%20.1%6.0K-39.8K-1.4K0.00100.10N/AN/A00486321
2022-12-16$24.04$22.8040.3%11.5%46.3%10.4%0.0%-16.4%-5.2%8.8K6.0K-1.2K0.00109.93N/AN/A10486321
2022-12-19$23.97$22.8042.9%12.3%46.0%11.5%45.1%5.0%-1.3%8.5K-155.1K-1.1K2.78103.89N/AN/A1850382180
2022-12-20$24.29$22.8044.6%12.8%46.6%12.1%0.0%14.0%2.9%8.6K-208.5K-1.3K0.00120.90N/AN/A100400230
2022-12-21$24.61$22.8053.1%15.2%46.2%15.6%38.0%18.8%3.3%9.6K-257.7K-1.5K0.00117.86N/AN/A10410230
2022-12-22$23.99$22.8044.3%12.7%46.6%12.0%0.0%20.6%0.9%8.6K-217.6K-1.4K0.00121.43N/AN/A00410230
2022-12-23$23.87$22.8042.8%12.3%46.2%11.4%0.0%12.1%12.7%9.3K-218.4K-1.3K0.00119.40N/AN/A00410230
2022-12-27$23.69$22.8050.4%14.5%46.0%14.5%46.2%20.2%-8.1%7.9K-176.6K-1.2K0.65123.10N/AN/A3120410230
2022-12-28$22.71$22.8057.8%16.6%47.1%17.6%0.0%5.7%-23.8%4.2K-66.0K-1.3K0.00115.44N/AN/A300441250
2022-12-29$22.90$22.8050.4%14.4%42.5%14.5%0.0%39.0%-14.9%2.0K-6.0K-1.2K0.00127.97N/AN/A00437250
2022-12-30$23.02$22.8059.4%17.0%42.7%18.2%71.8%19.0%-23.4%4.3K-67.8K-1.3K0.00123.61N/AN/A05437250