CBL Options History — April 2024

In April 2024, CBL traded between $21.09 and $22.73. ATM implied volatility averaged 33.1%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 10.5% (HV 20d: 22.6%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.62.

Notable Days

  • 2024-04-03: Highest Volume — 4,027 contracts
  • 2024-04-10: Largest IV spike — 37.1% change
  • 2024-04-18: Highest IV Rank — 26.8%
  • 2024-04-18: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.96$21.09$22.73$22.68$21.84
Max Pain$22.16$20.00$22.50$20.00$22.50
ATM IV33.1%23.4%45.3%23.4%29.2%
Expected Move9.4%6.7%13.0%6.7%8.4%
HV 20d22.6%21.1%25.7%21.5%22.7%
HV 60d23.9%22.8%24.7%22.9%24.3%
IV Rank15.9%7.2%26.8%7.2%12.4%
IV Percentile34.6%10.3%63.1%10.3%25.0%
Term Structure-0.3%-16.5%16.6%6.3%3.4%
VWIV27.5%23.6%30.6%23.6%30.1%
Skew 25d2.5%-24.1%18.6%2.9%5.5%
Skew 10d3.6%-30.4%24.9%0.1%-24.8%
Call IV 25d30.9%16.0%59.0%24.4%21.9%
Put IV 25d33.4%27.3%41.1%27.3%27.4%
Bid-Ask Spread %106.9987.62116.52112.84114.36
Gamma HHI0.300.230.350.310.28
Net GEX501.7K334.2K672.9K654.8K500.3K
Net DEX-4.7M-7.1M-2.4M-6.9M-6.5M
Net VEX-46.8K-61.3K-29.4K-55.0K-56.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.005.550.000.00
Total Volume558.72704,02760
Total OI19,624.22719,01820,00419,01820,003

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$22.68$20.0023.4%6.7%21.5%7.2%0.0%2.9%6.3%654.8K-6.9M-55.0K0.00112.84N/AN/A0618,625393
2024-04-02$22.38$20.0026.3%7.5%21.9%9.8%0.0%4.5%-1.3%618.2K-5.9M-51.6K0.00109.16N/AN/A0018,625399
2024-04-03$22.20$20.0027.4%7.9%21.8%10.8%0.0%4.5%5.8%540.9K-4.9M-45.4K0.00116.17N/AN/A4,027018,625399
2024-04-04$22.30$22.5031.3%8.2%21.1%14.3%0.0%1.2%-4.2%578.0K-4.9M-49.0K0.0093.27N/AN/A4,000019,183399
2024-04-05$22.34$22.5033.9%7.1%21.2%16.6%23.6%-1.5%13.0%621.7K-5.9M-57.6K0.0087.62N/AN/A10019,183399
2024-04-08$22.57$22.5028.6%9.9%21.6%11.9%0.0%4.4%-14.5%662.7K-7.1M-60.2K0.00105.95N/AN/A0019,187399
2024-04-09$22.73$22.5027.6%7.6%21.3%10.9%0.0%6.8%3.2%672.9K-7.0M-60.4K0.00105.05N/AN/A0019,187399
2024-04-10$21.87$22.5037.8%10.8%25.1%20.1%0.0%18.6%-13.8%596.5K-7.1M-61.3K0.0096.05N/AN/A0019,187399
2024-04-11$22.16$22.5028.7%8.2%25.7%11.9%0.0%-12.9%16.6%582.2K-5.5M-55.0K0.0093.01N/AN/A01619,187399
2024-04-12$21.93$22.5028.7%8.2%22.8%11.9%25.8%-24.1%0.4%517.8K-4.3M-48.0K0.0099.15N/AN/A2019,187415
2024-04-15$21.63$22.5032.9%9.4%23.2%15.7%0.0%5.3%4.3%407.2K-3.6M-42.4K0.00104.69N/AN/A03019,189415
2024-04-16$21.25$22.5035.9%10.3%23.3%18.4%0.0%11.9%-6.7%342.0K-2.8M-34.2K0.00100.41N/AN/A06019,189445
2024-04-17$21.09$22.5044.1%12.6%23.2%25.8%0.0%1.3%-16.5%334.2K-2.6M-32.6K0.00113.13N/AN/A03019,189505
2024-04-18$21.29$22.5045.3%13.0%22.5%26.8%30.6%12.9%15.4%359.1K-2.4M-29.4K5.55110.14N/AN/A116119,189535
2024-04-19$21.59$22.5039.4%11.3%23.1%21.6%0.0%11.5%-10.9%444.1K-3.7M-42.8K0.00111.70N/AN/A0019,193595
2024-04-22$21.94$22.5035.4%10.2%23.2%18.0%0.0%4.5%2.9%462.8K-3.7M-41.0K0.00111.14N/AN/A6019,179592
2024-04-23$21.95$22.5033.1%9.5%22.7%15.9%0.0%-11.1%6.7%410.8K-3.0M-38.7K0.00113.88N/AN/A0019,179592
2024-04-24$21.76$22.5030.5%8.7%22.6%13.6%30.1%5.4%1.4%360.8K-3.2M-38.2K0.00114.27N/AN/A19019,179592
2024-04-25$21.54$22.5041.5%11.9%21.5%23.5%0.0%-9.1%-12.3%352.6K-2.5M-32.7K0.00111.30N/AN/A4,013019,198592
2024-04-26$21.96$22.5035.4%10.2%22.5%18.0%0.0%-1.3%-2.5%499.9K-4.5M-48.6K0.00116.52N/AN/A1019,412592
2024-04-29$22.13$22.5032.0%9.2%22.7%15.0%0.0%12.7%-2.7%517.9K-4.6M-48.7K0.00114.02N/AN/A0019,411592
2024-04-30$21.84$22.5029.2%8.4%22.7%12.4%0.0%5.5%3.4%500.3K-6.5M-56.4K0.00114.36N/AN/A0019,411592