CBL Options History — August 2023

In August 2023, CBL traded between $21.32 and $22.63. ATM implied volatility averaged 50.6%, placing in the 31.6% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 30.0% (HV 20d: 20.6%). Max pain ranged from $22.50 to $22.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 0.28.

Notable Days

  • 2023-08-09: Highest Volume — 2,358 contracts
  • 2023-08-07: Largest IV spike — 191.4% change
  • 2023-08-22: Highest IV Rank — 56.6%
  • 2023-08-22: Largest Expected Move — 22.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.74$21.32$22.63$21.89$21.34
Max Pain$22.50$22.50$22.50$22.50$22.50
ATM IV50.6%24.1%78.5%49.4%48.1%
Expected Move14.2%9.3%22.5%14.2%13.8%
HV 20d20.6%11.6%24.3%16.6%23.9%
HV 60d23.5%22.0%24.8%24.5%22.0%
IV Rank31.6%7.8%56.6%30.5%29.4%
IV Percentile54.7%2.4%98.0%55.6%49.6%
Term Structure-10.0%-65.0%27.8%-18.2%-2.9%
VWIV48.1%36.1%68.4%44.8%36.1%
Skew 25d21.0%-7.2%69.5%6.7%5.6%
Skew 10d23.0%-3.7%60.5%-3.7%44.7%
Call IV 25d37.5%18.6%51.1%42.9%42.8%
Put IV 25d58.4%30.4%100.9%49.6%48.4%
Bid-Ask Spread %137.86118.78148.41136.99131.67
Gamma HHI0.780.690.880.770.85
Net GEX777.4K685.6K930.0K737.6K685.6K
Net DEX-12.7M-19.6M-7.2M-13.0M-8.9M
Net VEX-101.1K-135.4K-67.8K-105.6K-78.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.280.002.500.000.00
Total Volume115.56502,358540
Total OI28,861.69627,99329,24427,99329,244

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$21.89$22.5049.4%14.2%16.6%30.5%0.0%6.7%-18.2%737.6K-13.0M-105.6K0.00136.99N/AN/A54027,717276
2023-08-02$21.99$22.5048.9%14.0%16.7%30.1%0.0%36.5%-17.3%820.5K-14.1M-112.0K0.00134.17N/AN/A19027,772276
2023-08-03$22.20$22.5050.6%11.1%14.1%31.6%0.0%6.5%-2.3%858.0K-15.1M-115.3K0.10132.94N/AN/A10127,791276
2023-08-04$22.16$22.5024.1%11.6%11.6%7.8%0.0%5.2%-6.2%867.3K-15.0M-114.1K0.00139.18N/AN/A0027,801276
2023-08-07$22.37$22.5070.2%11.8%11.8%49.1%0.0%8.3%-5.4%903.5K-16.1M-117.4K0.00134.50N/AN/A0027,801276
2023-08-08$21.70$22.5050.2%13.3%15.1%31.2%0.0%6.4%-3.4%752.5K-13.2M-104.6K0.00138.68N/AN/A0027,801276
2023-08-09$21.80$22.5038.9%11.1%15.2%21.1%0.0%-1.4%-2.8%791.8K-13.8M-105.5K0.00141.81N/AN/A2,358027,801276
2023-08-10$22.63$22.5032.6%9.3%20.5%15.5%0.0%9.5%27.8%930.0K-19.6M-135.4K0.05127.20N/AN/A101528,942276
2023-08-11$22.06$22.5058.3%16.7%22.5%38.5%0.0%12.3%-38.8%855.7K-17.3M-124.0K0.00136.42N/AN/A0428,943281
2023-08-14$21.84$22.5060.0%17.2%22.1%40.0%0.0%43.3%-12.6%814.6K-12.8M-105.2K0.00141.30N/AN/A5028,943285
2023-08-15$21.60$22.5047.8%13.7%22.4%29.1%44.8%49.6%-7.1%793.6K-13.6M-107.1K0.00145.41N/AN/A6028,948285
2023-08-16$21.40$22.5035.6%10.2%22.5%18.2%0.0%69.5%17.5%741.2K-13.3M-104.9K0.00148.41N/AN/A3028,954285
2023-08-17$21.36$22.5052.5%15.0%22.4%33.3%0.0%42.0%-9.8%736.0K-11.4M-95.9K0.00142.62N/AN/A03528,957285
2023-08-18$21.75$22.5076.3%21.9%23.6%54.6%0.0%46.0%-65.0%800.3K-17.5M-119.1K0.00148.25N/AN/A0328,957268
2023-08-21$21.43$22.5043.5%12.5%24.0%25.2%68.4%28.1%14.4%711.1K-11.4M-93.2K0.00118.78N/AN/A0528,920252
2023-08-22$21.32$22.5078.5%22.5%24.0%56.6%0.0%34.1%-50.2%765.5K-10.6M-89.1K0.00146.54N/AN/A0228,920257
2023-08-23$21.55$22.5070.2%20.1%24.1%49.2%0.0%51.1%-12.7%766.9K-10.4M-90.3K0.67143.87N/AN/A3228,920258
2023-08-24$21.66$22.5042.9%12.3%24.1%24.7%0.0%11.8%-10.5%734.7K-10.3M-88.7K0.00144.45N/AN/A0028,923260
2023-08-25$21.56$22.5054.9%15.7%24.2%35.4%0.0%26.1%-9.2%724.3K-9.5M-85.2K0.00139.52N/AN/A0028,923260
2023-08-28$21.37$22.5055.6%15.9%24.3%36.1%43.0%-0.9%-16.8%693.8K-8.6M-79.5K2.50132.47N/AN/A82028,923260
2023-08-29$21.59$22.5033.9%9.7%24.2%16.6%36.1%-6.5%6.1%708.7K-10.2M-87.0K0.00127.20N/AN/A12028,931300
2023-08-30$21.52$22.5041.3%11.8%24.1%23.2%0.0%-7.2%-4.2%687.4K-7.2M-67.8K0.00138.39N/AN/A2028,943300
2023-08-31$21.34$22.5048.1%13.8%23.9%29.4%0.0%5.6%-2.9%685.6K-8.9M-78.3K0.00131.67N/AN/A0028,944300