CBL Options History — January 2023

In January 2023, CBL traded between $23.12 and $26.80. ATM implied volatility averaged 55.8%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 15.4%. IV traded above realized volatility by 14.9% (HV 20d: 41.0%). Max pain ranged from $22.50 to $22.80. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.26.

Notable Days

  • 2023-01-17: Highest Volume — 25,466 contracts
  • 2023-01-13: Largest IV spike — 39.4% change
  • 2023-01-10: Highest IV Rank — 23.7%
  • 2023-01-13: Largest Expected Move — 20.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.19$23.12$26.80$23.12$26.80
Max Pain$22.53$22.50$22.80$22.80$22.50
ATM IV55.8%41.5%72.8%57.8%55.9%
Expected Move15.4%11.9%20.3%16.6%16.0%
HV 20d41.0%28.4%46.0%42.6%43.1%
HV 60d41.1%39.4%44.0%39.6%41.1%
IV Rank16.7%10.9%23.7%17.5%16.8%
IV Percentile35.1%8.8%58.2%42.2%43.0%
Term Structure-11.5%-29.3%6.9%-14.4%5.1%
VWIV59.4%57.5%61.4%57.5%61.4%
Skew 25d12.6%-11.9%41.8%23.0%41.8%
Skew 10d9.8%-29.9%40.0%32.1%18.4%
Call IV 25d40.0%27.5%58.9%40.3%27.5%
Put IV 25d52.6%34.2%69.3%63.2%69.3%
Bid-Ask Spread %123.88111.35134.78117.29125.64
Gamma HHI0.450.290.710.370.49
Net GEX37.4K-76.9K158.0K6.0K158.0K
Net DEX-72.4K-2.1M4.6M-125.9K-2.1M
Net VEX-58.8K-121.5K-784-1.1K-118.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.002.000.000.00
Total Volume1,457.55025,4664543
Total OI13,147.268926,08768926,087

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$23.12$22.8057.8%16.6%42.6%17.5%0.0%23.0%-14.4%6.0K-125.9K-1.1K0.00117.29N/AN/A40438251
2023-01-04$23.47$22.8065.0%18.6%43.8%20.5%0.0%22.8%-14.2%6.5K-140.7K-1.2K0.00122.52N/AN/A30442251
2023-01-05$23.14$22.5069.0%15.9%43.8%22.2%0.0%10.8%-7.9%5.2K-102.1K-1.2K0.00115.52N/AN/A50445251
2023-01-06$23.71$22.5070.4%16.8%45.8%22.7%0.0%16.8%-20.4%6.2K-132.9K-1.2K0.00115.50N/AN/A50450251
2023-01-09$23.79$22.5056.6%15.6%46.0%17.1%0.0%7.4%-11.5%5.4K-138.1K-9510.00113.83N/AN/A10449251
2023-01-10$23.17$22.5072.8%15.8%28.4%23.7%0.0%-3.6%1.5%3.5K-50.9K-9560.00121.58N/AN/A00449250
2023-01-11$23.84$22.5046.2%13.2%30.5%12.8%0.0%18.3%-5.0%5.7K-144.8K-8840.00115.75N/AN/A00449250
2023-01-12$25.44$22.5050.7%14.5%38.2%14.6%0.0%37.2%-3.0%18.2K-409.7K-7840.00111.35N/AN/A120449250
2023-01-13$26.54$22.5070.7%20.3%40.0%22.8%0.0%18.5%-29.3%20.2K-534.9K-9800.00118.12N/AN/A120461250
2023-01-17$25.98$22.5061.3%17.6%40.6%19.0%57.5%7.5%-25.0%18.3K-465.3K-8930.70132.97N/AN/A14,96210,504473250
2023-01-18$26.75$22.5045.3%13.0%40.4%12.4%0.0%15.3%-8.7%91.1K-1.7M-115.1K0.00128.96N/AN/A298012,93510,754
2023-01-19$25.76$22.5053.3%15.3%43.1%15.7%0.0%-11.9%-15.7%60.3K1.0M-110.6K1.47131.85N/AN/A8191,20013,66610,254
2023-01-20$26.38$22.5041.5%11.9%43.6%10.9%0.0%20.0%6.9%60.1K-541.6K-120.0K0.00123.02N/AN/A638014,48111,454
2023-01-23$26.27$22.5049.5%14.2%43.5%14.2%61.4%15.4%3.9%-28.6K287.5K-117.0K0.04131.67N/AN/A104414,71011,255
2023-01-24$26.23$22.5059.0%16.9%42.2%18.0%0.0%12.2%-13.7%137.4K-905.0K-121.5K0.00130.03N/AN/A1014,81311,251
2023-01-25$26.30$22.5051.6%14.8%42.1%15.0%0.0%6.4%-17.6%90.5K-384.8K-119.3K0.00131.84N/AN/A0014,81411,251
2023-01-26$25.84$22.5046.7%13.4%42.6%13.0%0.0%-3.8%-19.2%87.8K-162.9K-121.2K0.00130.25N/AN/A21014,81411,251
2023-01-27$25.80$22.5046.9%13.4%39.0%13.1%0.0%-3.9%-16.3%73.5K681.5K-117.9K0.00134.78N/AN/A0014,82111,251
2023-01-30$25.43$22.5046.5%13.3%39.7%12.9%0.0%1.0%-24.8%-76.9K4.6M-104.0K2.00125.09N/AN/A51014,82111,251
2023-01-31$26.80$22.5055.9%16.0%43.1%16.8%0.0%41.8%5.1%158.0K-2.1M-118.5K0.00125.64N/AN/A543014,82611,261