CBL Options History — March 2024

In March 2024, CBL traded between $21.89 and $23.40. ATM implied volatility averaged 46.2%, placing in the 27.6% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 22.6% (HV 20d: 23.6%). Max pain ranged from $20.00 to $22.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.42.

Notable Days

  • 2024-03-18: Highest Volume — 4,021 contracts
  • 2024-03-11: Largest IV spike — 114.0% change
  • 2024-03-12: Highest IV Rank — 72.9%
  • 2024-03-01: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.65$21.89$23.40$22.98$22.81
Max Pain$20.10$20.00$22.00$22.00$20.00
ATM IV46.2%28.2%96.7%42.9%39.1%
Expected Move10.4%8.0%12.3%12.3%11.2%
HV 20d23.6%18.1%29.4%29.4%22.0%
HV 60d21.7%20.7%22.9%21.2%22.9%
IV Rank27.6%11.6%72.9%24.7%21.3%
IV Percentile55.4%23.0%98.0%53.2%45.6%
Term Structure-4.0%-27.5%13.9%-27.5%2.8%
VWIV26.5%26.1%27.0%26.1%27.0%
Skew 25d4.4%-9.3%15.1%2.5%-9.3%
Skew 10d6.7%-8.6%37.0%23.5%-4.8%
Call IV 25d31.1%23.3%44.1%44.1%39.5%
Put IV 25d35.5%30.2%46.6%46.6%30.2%
Bid-Ask Spread %114.3399.77119.78119.78116.20
Gamma HHI0.360.290.440.390.30
Net GEX593.4K495.5K699.8K624.8K599.7K
Net DEX-6.2M-8.4M-4.4M-5.1M-8.4M
Net VEX-52.9K-62.7K-42.3K-49.2K-62.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.002.502.500.00
Total Volume212.8504,021106
Total OI18,905.5518,83019,01318,83019,012

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$22.98$22.0042.9%12.3%29.4%24.7%0.0%2.5%-27.5%624.8K-5.1M-49.2K0.00119.78N/AN/A01018,616214
2024-03-04$22.91$20.0054.0%11.0%29.0%34.7%0.0%-0.2%-1.8%547.1K-4.4M-42.3K0.00112.56N/AN/A0018,616215
2024-03-05$23.07$20.0053.3%9.9%28.8%34.0%0.0%7.6%4.4%640.2K-5.7M-50.5K0.00117.11N/AN/A0018,616215
2024-03-06$23.40$20.0050.6%8.9%29.2%31.6%0.0%5.9%-7.5%625.4K-5.3M-45.7K0.00113.47N/AN/A0018,616215
2024-03-07$23.28$20.0057.5%9.3%29.2%37.8%0.0%3.2%4.4%699.8K-7.2M-59.5K0.00113.22N/AN/A0018,616215
2024-03-08$23.19$20.0038.4%8.0%29.1%20.7%0.0%0.5%6.1%651.3K-6.7M-53.8K0.00114.25N/AN/A0018,616215
2024-03-11$22.88$20.0082.2%10.4%27.6%59.9%0.0%-1.7%-1.5%590.0K-5.7M-49.1K0.00117.46N/AN/A0218,616215
2024-03-12$22.67$20.0096.7%9.3%27.4%72.9%0.0%4.7%5.9%573.8K-6.3M-51.7K0.00114.66N/AN/A06018,616217
2024-03-13$22.66$20.0041.0%11.8%18.1%23.0%0.0%12.3%-3.7%495.5K-5.4M-45.8K2.50115.78N/AN/A41018,616277
2024-03-14$21.89$20.0036.6%10.5%21.4%19.1%0.0%5.5%-7.6%500.8K-5.2M-48.5K0.00112.04N/AN/A0018,620287
2024-03-15$21.99$20.0034.4%9.9%19.0%17.0%0.0%3.5%-3.9%570.8K-6.5M-54.4K0.00112.92N/AN/A02318,620287
2024-03-18$22.29$20.0028.2%8.1%19.8%11.6%26.1%6.1%13.9%591.0K-6.2M-51.0K0.0099.77N/AN/A4,021018,612302
2024-03-19$22.38$20.0037.2%10.7%19.7%19.6%0.0%11.4%-17.7%588.0K-5.4M-50.5K0.00111.99N/AN/A03018,613302
2024-03-20$22.77$20.0035.7%10.2%20.4%18.3%27.0%9.5%-7.7%628.4K-6.8M-59.0K0.05118.08N/AN/A20118,613332
2024-03-21$22.50$20.0039.7%11.4%19.4%21.8%0.0%7.2%-5.1%575.8K-7.6M-62.7K0.00116.46N/AN/A03118,618333
2024-03-22$22.13$20.0037.2%10.7%19.9%19.5%0.0%0.3%-7.5%602.2K-6.4M-57.0K0.00112.57N/AN/A03018,618364
2024-03-25$22.41$20.0041.3%11.8%20.4%23.2%0.0%15.1%-11.4%589.3K-6.6M-54.9K0.00114.26N/AN/A0118,618394
2024-03-26$22.16$20.0039.7%11.4%20.3%21.8%0.0%4.3%-14.8%554.3K-5.8M-52.1K0.00117.07N/AN/A5018,618393
2024-03-27$22.59$20.0038.1%10.9%21.7%20.4%0.0%0.7%0.6%618.6K-7.1M-56.7K0.00116.87N/AN/A3018,620393
2024-03-28$22.81$20.0039.1%11.2%22.0%21.3%0.0%-9.3%2.8%599.7K-8.4M-62.5K0.00116.20N/AN/A6018,619393