CBL Options History — January 2024

In January 2024, CBL traded between $23.43 and $25.16. ATM implied volatility averaged 24.2%, placing in the 8.0% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 10.4% (HV 20d: 13.9%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.02.

Notable Days

  • 2024-01-05: Highest Volume — 5,032 contracts
  • 2024-01-31: Largest IV spike — 103.1% change
  • 2024-01-31: Highest IV Rank — 29.6%
  • 2024-01-31: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.47$23.43$25.16$24.85$23.43
Max Pain$24.76$22.50$25.00$22.50$25.00
ATM IV24.2%15.8%48.4%19.6%48.4%
Expected Move7.5%5.3%13.9%5.6%13.9%
HV 20d13.9%10.2%17.1%14.3%17.1%
HV 60d17.9%16.6%19.4%19.3%17.6%
IV Rank8.0%0.4%29.6%3.8%29.6%
IV Percentile12.2%0.4%67.1%1.2%67.1%
Term Structure1.6%-20.2%33.8%33.8%-13.9%
VWIV28.5%22.3%40.9%22.3%22.3%
Skew 25d9.1%1.8%23.7%8.6%5.8%
Skew 10d6.5%-2.9%17.8%1.7%3.6%
Call IV 25d22.2%14.2%35.2%14.2%35.2%
Put IV 25d31.2%22.9%43.7%22.9%41.0%
Bid-Ask Spread %113.0966.75129.59110.73129.59
Gamma HHI0.610.500.770.740.50
Net GEX1.6M505.8K2.5M2.1M674.8K
Net DEX-14.7M-22.7M-5.6M-20.5M-7.5M
Net VEX-82.9K-104.1K-37.8K-93.2K-62.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.020.000.180.000.00
Total Volume486.57105,03200
Total OI22,657.23818,50326,61724,48618,523

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$24.85$22.5019.6%5.6%14.3%3.8%0.0%8.6%33.8%2.1M-20.5M-93.2K0.00110.73N/AN/A0024,211275
2024-01-03$24.80$22.5021.3%6.1%14.1%5.3%22.3%17.5%9.1%1.8M-20.8M-94.9K0.00110.98N/AN/A46024,211275
2024-01-04$24.65$25.0017.0%9.6%14.3%1.4%40.9%16.4%-3.7%1.6M-19.1M-88.6K0.00116.75N/AN/A1024,207275
2024-01-05$24.67$25.0015.8%9.0%13.4%0.4%0.0%23.7%4.5%2.5M-16.3M-85.2K0.00123.00N/AN/A5,032024,208275
2024-01-08$25.01$25.0018.0%5.3%13.2%2.4%0.0%21.9%10.2%2.2M-19.9M-100.9K0.00125.79N/AN/A0024,720275
2024-01-09$25.16$25.0020.1%8.7%13.3%4.2%0.0%7.3%1.2%2.1M-22.7M-104.1K0.00120.26N/AN/A1024,720275
2024-01-10$25.05$25.0033.6%9.6%13.3%16.4%0.0%7.3%-4.4%2.3M-20.3M-97.7K0.00119.89N/AN/A0024,721275
2024-01-11$25.05$25.0020.7%5.9%13.4%4.8%0.0%6.3%2.0%2.3M-19.8M-94.3K0.00106.01N/AN/A0024,721275
2024-01-12$25.06$25.0025.9%7.4%10.2%9.5%0.0%5.3%-0.4%2.5M-20.4M-92.5K0.00110.25N/AN/A4024,721275
2024-01-16$24.80$25.0022.2%6.4%11.1%6.2%0.0%7.6%0.2%2.4M-17.5M-93.8K0.00116.95N/AN/A5,029024,717275
2024-01-17$24.70$25.0021.6%6.2%11.0%5.6%0.0%8.3%-2.4%2.4M-17.1M-101.3K0.00104.08N/AN/A1026,341275
2024-01-18$24.57$25.0021.7%6.2%10.9%5.6%0.0%12.3%5.1%2.0M-15.1M-88.9K0.00104.08N/AN/A84026,342275
2024-01-19$24.70$25.0021.0%6.0%10.8%5.0%0.0%2.9%1.7%890.3K-13.2M-90.5K0.00116.47N/AN/A0026,303275
2024-01-22$24.19$25.0024.7%7.1%13.4%8.3%22.3%1.8%2.1%778.4K-9.4M-73.4K0.0066.75N/AN/A1018,47825
2024-01-23$23.63$25.0023.3%6.7%15.1%7.1%0.0%9.5%8.7%681.5K-9.8M-76.7K0.00106.03N/AN/A0018,47925
2024-01-24$23.76$25.0026.7%7.7%15.2%10.2%0.0%3.9%-2.6%670.3K-8.0M-64.8K0.00118.48N/AN/A0018,47925
2024-01-25$24.27$25.0034.8%10.0%16.3%17.4%0.0%2.7%-20.2%832.1K-9.6M-74.1K0.00127.80N/AN/A1018,47925
2024-01-26$23.90$25.0023.9%6.8%17.0%7.6%0.0%14.9%-1.2%716.6K-8.5M-66.0K0.1889.47N/AN/A11218,48025
2024-01-29$23.80$25.0024.8%7.1%16.9%8.5%0.0%2.0%0.2%685.3K-7.9M-59.4K0.00126.67N/AN/A5018,49127
2024-01-30$23.75$25.0023.8%6.8%16.9%7.6%0.0%4.6%2.9%505.8K-5.6M-37.8K0.00124.92N/AN/A0018,49627
2024-01-31$23.43$25.0048.4%13.9%17.1%29.6%0.0%5.8%-13.9%674.8K-7.5M-62.8K0.00129.59N/AN/A0018,49627