CBL Options History — February 2023

In February 2023, CBL traded between $25.23 and $26.77. ATM implied volatility averaged 44.9%, placing in the 15.3% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 9.4% (HV 20d: 35.5%). Max pain ranged from $22.50 to $30.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.16.

Notable Days

  • 2023-02-24: Highest Volume — 4,020 contracts
  • 2023-02-21: Largest IV spike — 62.9% change
  • 2023-02-21: Highest IV Rank — 22.7%
  • 2023-02-01: Largest Expected Move — 17.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.12$25.23$26.77$26.73$25.52
Max Pain$26.18$22.50$30.00$22.50$30.00
ATM IV44.9%31.8%62.2%62.2%43.2%
Expected Move13.3%10.2%17.8%17.8%12.4%
HV 20d35.5%27.6%43.6%43.3%31.1%
HV 60d40.5%39.7%41.0%40.7%39.7%
IV Rank15.3%8.8%22.7%19.4%14.9%
IV Percentile20.5%5.2%56.2%56.2%13.1%
Term Structure-12.2%-24.0%-0.3%-1.1%-11.6%
VWIV48.1%35.4%60.8%35.4%60.8%
Skew 25d11.1%-5.5%35.4%35.4%-5.5%
Skew 10d8.7%-14.7%37.9%-14.7%-13.7%
Call IV 25d35.0%24.9%46.0%24.9%42.9%
Put IV 25d46.1%35.8%61.0%60.4%37.4%
Bid-Ask Spread %119.09108.04127.57121.34120.33
Gamma HHI0.480.470.490.490.49
Net GEX5.8K-433.1K187.9K187.9K-433.1K
Net DEX523.8K-2.7M5.4M-2.5M4.7M
Net VEX-107.8K-119.8K-90.6K-119.8K-92.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.160.001.250.080.00
Total Volume284.21104,02000
Total OI27,970.73726,73030,18226,73030,182

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$26.73$22.5062.2%17.8%43.3%19.4%0.0%35.4%-1.1%187.9K-2.5M-119.8K0.00121.34N/AN/A0015,46911,261
2023-02-02$26.55$25.0036.4%13.5%43.4%8.8%35.4%11.1%-15.2%140.2K-1.3M-116.3K0.08117.27N/AN/A3593015,46911,261
2023-02-03$26.73$25.0054.0%13.5%42.8%20.6%0.0%23.8%-13.1%157.1K-1.9M-117.0K0.00125.06N/AN/A296015,82811,291
2023-02-06$26.76$25.0031.8%12.7%42.3%8.9%0.0%7.3%-22.2%157.1K-2.7M-116.4K0.00125.68N/AN/A100016,17011,291
2023-02-07$26.13$25.0035.1%13.2%43.6%10.6%0.0%14.8%-10.1%25.0K344.5K-114.1K0.00117.82N/AN/A141016,27511,291
2023-02-08$26.08$25.0046.4%13.3%42.1%16.5%0.0%-2.6%-11.9%43.2K-140.1K-114.3K1.25116.08N/AN/A4516,41311,291
2023-02-09$25.67$25.0043.1%12.3%41.9%14.8%0.0%11.7%-12.1%-68.5K1.5M-113.3K0.00126.49N/AN/A100016,41311,288
2023-02-10$26.43$25.0047.4%13.6%36.6%17.1%0.0%19.3%-17.3%150.1K-1.6M-115.4K0.00120.30N/AN/A0016,51311,288
2023-02-13$26.06$25.0046.0%13.2%33.7%16.4%0.0%12.3%-12.4%22.3K688.3K-107.8K0.00120.50N/AN/A264016,51311,288
2023-02-14$26.16$25.0045.4%13.0%32.8%16.0%0.0%0.8%-17.8%78.3K-494.9K-110.4K0.00127.57N/AN/A0116,77711,288
2023-02-15$26.11$25.0039.2%11.2%31.0%12.8%0.0%6.6%-4.8%38.8K44.0K-108.6K0.00119.15N/AN/A0016,77711,289
2023-02-16$26.21$25.0036.2%10.4%27.9%11.2%0.0%-2.7%-3.0%28.8K-254.4K-107.0K0.00125.85N/AN/A0016,77211,289
2023-02-17$26.77$25.0035.6%10.2%27.6%10.9%0.0%12.1%-0.3%83.1K-2.5M-111.1K0.07118.16N/AN/A15116,77211,289
2023-02-21$25.85$25.0058.0%16.6%30.4%22.7%60.8%13.0%-24.0%-101.0K3.8M-93.3K0.36112.18N/AN/A11416,78611,269
2023-02-22$25.93$30.0047.2%13.5%30.4%17.0%0.0%14.8%-10.9%-101.5K1.8M-101.4K0.00108.04N/AN/A0016,79711,279
2023-02-23$25.92$30.0045.4%13.0%30.4%16.0%0.0%16.0%-3.1%7.7K2.1M-97.8K0.00110.01N/AN/A0016,79711,279
2023-02-24$25.23$30.0046.0%13.2%31.2%16.4%0.0%18.9%-18.1%-145.6K5.4M-90.6K0.01115.43N/AN/A4,0002016,79711,279
2023-02-27$25.53$30.0054.2%15.5%31.6%20.7%0.0%3.7%-21.9%-159.5K2.9M-100.5K0.00115.54N/AN/A49018,81411,299
2023-02-28$25.52$30.0043.2%12.4%31.1%14.9%0.0%-5.5%-11.6%-433.1K4.7M-92.8K0.00120.33N/AN/A0018,86311,319