CBL Options History — February 2024

In February 2024, CBL traded between $22.83 and $24.20. ATM implied volatility averaged 40.0%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded above realized volatility by 14.8% (HV 20d: 25.2%). Max pain ranged from $22.00 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.57.

Notable Days

  • 2024-02-27: Highest Volume — 6,044 contracts
  • 2024-02-16: Largest IV spike — 144.1% change
  • 2024-02-16: Highest IV Rank — 48.2%
  • 2024-02-16: Largest Expected Move — 19.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.57$22.83$24.20$23.54$23.34
Max Pain$24.55$22.00$25.00$25.00$22.00
ATM IV40.0%23.8%69.1%29.3%63.0%
Expected Move11.4%6.8%19.8%7.2%18.1%
HV 20d25.2%17.2%31.0%17.3%29.0%
HV 60d19.2%15.9%21.2%16.9%21.0%
IV Rank22.1%7.6%48.2%12.5%42.7%
IV Percentile46.0%10.7%92.9%23.4%90.1%
Term Structure-13.5%-47.9%9.8%-0.1%-16.0%
VWIV41.3%23.5%90.6%23.5%90.6%
Skew 25d11.2%-15.0%57.9%14.8%-15.0%
Skew 10d7.8%-30.9%26.0%21.9%14.3%
Call IV 25d26.7%15.0%39.8%18.5%39.4%
Put IV 25d37.8%24.4%78.9%33.2%24.4%
Bid-Ask Spread %115.5899.59128.50105.58118.70
Gamma HHI0.490.400.550.500.48
Net GEX688.7K533.0K997.9K689.4K558.6K
Net DEX-9.3M-14.8M-4.4M-7.8M-4.4M
Net VEX-69.0K-99.0K-37.9K-63.4K-37.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.570.0013.500.000.00
Total Volume326.406,04414
Total OI18,649.1518,52318,82618,52318,826

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$23.54$25.0029.3%7.2%17.3%12.5%0.0%14.8%-0.1%689.4K-7.8M-63.4K0.00105.58N/AN/A1018,49627
2024-02-02$23.81$25.0026.5%9.2%17.9%10.0%0.0%7.2%-20.1%647.8K-7.3M-54.5K0.00101.76N/AN/A0018,49727
2024-02-05$23.45$25.0031.0%9.1%18.5%14.1%23.5%5.3%-15.2%711.0K-9.4M-76.7K0.14100.12N/AN/A7118,49727
2024-02-06$23.38$25.0044.8%10.2%17.5%26.4%0.0%7.2%-24.4%671.2K-8.0M-65.7K0.0099.59N/AN/A0018,50427
2024-02-07$23.21$25.0039.9%11.4%17.2%22.0%0.0%9.6%-6.9%579.2K-7.8M-57.9K2.00118.91N/AN/A1218,50427
2024-02-08$23.34$25.0035.8%10.3%17.5%18.3%0.0%35.9%-14.7%716.0K-9.6M-75.4K0.00123.87N/AN/A010018,50525
2024-02-09$23.97$25.0023.8%6.8%20.5%7.6%0.0%8.5%9.8%693.6K-8.1M-59.1K0.00114.58N/AN/A0018,505125
2024-02-12$24.20$25.0032.7%9.4%20.9%15.5%37.2%12.8%-15.8%814.8K-12.7M-84.9K0.00114.09N/AN/A6018,505125
2024-02-13$22.83$25.0052.3%15.0%28.9%33.1%0.0%23.1%-47.9%533.0K-7.7M-64.8K0.00116.31N/AN/A0218,510125
2024-02-14$23.04$25.0040.7%11.7%29.3%22.7%0.0%5.2%-5.8%557.5K-5.7M-48.1K3.22114.31N/AN/A185818,510126
2024-02-15$23.62$25.0028.3%8.1%31.0%11.6%0.0%57.9%-11.8%745.5K-9.6M-77.9K0.00128.50N/AN/A1018,528184
2024-02-16$23.38$25.0069.1%19.8%31.0%48.2%0.0%1.7%-19.7%997.9K-14.8M-99.0K0.00127.74N/AN/A0018,527184
2024-02-20$23.53$25.0029.2%8.4%30.4%12.4%30.0%0.4%-4.4%672.6K-11.1M-80.9K13.50107.45N/AN/A22718,498184
2024-02-21$23.77$25.0039.3%11.3%29.5%21.4%0.0%-0.0%-8.7%760.4K-12.1M-84.4K0.00113.42N/AN/A0018,500211
2024-02-22$24.18$25.0031.4%9.0%30.0%14.4%0.0%9.0%0.6%745.7K-14.0M-89.9K0.00118.89N/AN/A3018,500211
2024-02-23$24.13$25.0044.0%12.6%29.0%25.7%0.0%6.6%-8.4%773.1K-11.8M-82.0K0.00124.98N/AN/A2018,503211
2024-02-26$23.80$25.0041.7%11.9%28.9%23.6%25.0%0.5%-15.6%716.7K-12.5M-85.4K0.01128.32N/AN/A246318,504211
2024-02-27$23.48$22.0050.0%14.3%29.3%31.1%90.6%11.8%-21.5%570.8K-5.4M-40.4K0.00116.55N/AN/A6,044018,467214
2024-02-28$23.49$22.0047.2%13.5%29.3%28.6%0.0%21.6%-22.9%618.6K-6.6M-51.0K0.00117.98N/AN/A0018,612214
2024-02-29$23.34$22.0063.0%18.1%29.0%42.7%0.0%-15.0%-16.0%558.6K-4.4M-37.9K0.00118.70N/AN/A4018,612214