CBL Options History — June 2023

In June 2023, CBL traded between $21.56 and $24.16. ATM implied volatility averaged 49.1%, placing in the 19.9% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 22.8% (HV 20d: 26.3%). Max pain ranged from $22.80 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 3.20.

Notable Days

  • 2023-06-23: Highest Volume — 12,040 contracts
  • 2023-06-14: Largest IV drop — 67.4% change
  • 2023-06-13: Highest IV Rank — 67.2%
  • 2023-06-02: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.95$21.56$24.16$23.20$22.04
Max Pain$24.79$22.80$25.00$25.00$22.80
ATM IV49.1%19.6%126.9%44.3%21.1%
Expected Move10.6%5.6%14.5%12.7%6.1%
HV 20d26.3%23.3%28.8%28.8%27.6%
HV 60d27.4%25.7%29.5%29.2%26.7%
IV Rank19.9%0.0%67.2%14.5%1.5%
IV Percentile38.3%0.0%99.2%23.9%0.4%
Term Structure-0.0%-28.5%18.5%2.4%16.0%
VWIV38.2%17.3%76.2%17.3%21.1%
Skew 25d15.9%-2.7%45.5%21.9%8.0%
Skew 10d24.8%4.0%61.5%61.5%15.0%
Call IV 25d26.6%17.2%46.5%43.2%22.4%
Put IV 25d42.5%25.8%72.8%65.1%30.4%
Bid-Ask Spread %104.7189.82129.50117.82107.73
Gamma HHI0.520.490.570.500.55
Net GEX554.4K378.9K647.8K478.3K607.4K
Net DEX-9.5M-13.0M-5.3M-7.0M-10.5M
Net VEX-81.4K-104.1K-53.0K-67.9K-90.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.200.0020.000.0020.00
Total Volume678.524012,04010
Total OI24,652.1921,88728,59121,88728,591

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$23.20$25.0044.3%12.7%28.8%14.5%0.0%21.9%2.4%478.3K-7.0M-67.9K0.00117.82N/AN/A0121,596291
2023-06-02$23.76$25.0050.7%14.5%28.3%18.6%0.0%-2.7%7.9%540.0K-7.9M-71.3K0.00129.50N/AN/A1,000021,596292
2023-06-05$23.55$25.0061.2%12.7%27.1%25.3%0.0%9.3%-11.3%553.5K-10.4M-90.9K0.0094.55N/AN/A0022,596292
2023-06-06$24.16$25.0064.0%7.3%26.5%27.1%0.0%10.7%4.0%623.8K-9.9M-85.6K0.0396.67N/AN/A1,0012622,596292
2023-06-07$24.11$25.0057.2%7.2%25.6%22.7%0.0%12.0%3.7%647.4K-13.0M-104.1K0.0091.42N/AN/A0123,597316
2023-06-08$23.80$25.0049.2%12.4%26.0%17.6%0.0%9.3%-28.5%572.7K-8.1M-74.5K0.0089.82N/AN/A0023,597316
2023-06-09$23.20$25.0072.5%11.5%27.5%32.5%0.0%45.5%-2.1%506.8K-6.8M-67.1K0.0093.22N/AN/A0023,597316
2023-06-12$23.16$25.0088.4%11.9%25.6%42.7%0.0%9.6%-10.3%525.9K-8.0M-73.1K0.0091.30N/AN/A0323,597318
2023-06-13$23.02$25.00126.9%12.7%25.3%67.2%0.0%12.7%-8.8%539.4K-9.7M-84.7K0.0094.48N/AN/A0923,597321
2023-06-14$23.26$25.0041.4%11.9%25.3%12.7%0.0%15.3%-17.1%594.4K-10.3M-80.2K0.0099.47N/AN/A0223,597172
2023-06-15$23.42$25.0042.3%12.1%24.3%19.7%0.0%3.3%1.4%600.3K-9.9M-81.2K0.00106.49N/AN/A0423,597170
2023-06-16$23.55$25.0044.1%12.6%23.3%21.4%0.0%9.1%-10.6%581.8K-10.6M-86.1K0.00103.84N/AN/A0023,597171
2023-06-20$22.87$25.0040.6%11.6%25.6%18.1%17.3%21.7%-0.0%520.3K-8.3M-72.3K0.00106.04N/AN/A19023,555148
2023-06-21$22.56$25.0027.7%8.0%25.6%5.9%0.0%5.6%16.8%495.2K-8.3M-74.5K0.00105.53N/AN/A0723,570148
2023-06-22$22.16$25.0040.2%11.5%25.1%17.7%76.2%36.4%-9.8%403.3K-8.9M-71.5K0.00117.66N/AN/A0523,57087
2023-06-23$21.56$25.0034.7%9.9%26.6%12.4%0.0%13.9%0.5%378.9K-5.3M-53.0K0.00114.60N/AN/A12,040023,57087
2023-06-26$22.06$25.0039.5%11.3%27.1%17.1%0.0%26.9%8.1%602.0K-10.8M-92.5K0.00115.44N/AN/A2028,37787
2023-06-27$22.24$25.0040.4%11.6%27.2%17.9%0.0%15.3%4.3%647.8K-12.6M-103.8K0.00110.54N/AN/A0028,37787
2023-06-28$21.96$25.0019.6%5.6%25.9%0.0%21.1%5.8%18.5%596.7K-10.9M-90.9K2.35105.43N/AN/A266128,37787
2023-06-29$22.40$22.8025.0%7.2%27.2%5.0%0.0%44.8%14.7%626.6K-11.7M-94.9K20.00107.27N/AN/A24028,403148
2023-06-30$22.04$22.8021.1%6.1%27.6%1.5%0.0%8.0%16.0%607.4K-10.5M-90.3K0.00107.73N/AN/A0028,403188