CBL Options History — May 2024

In May 2024, CBL traded between $21.26 and $22.16. ATM implied volatility averaged 42.5%, placing in the 24.3% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 24.9% (HV 20d: 17.6%). Max pain ranged from $22.00 to $23.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 1.17.

Notable Days

  • 2024-05-14: Highest Volume — 4,120 contracts
  • 2024-05-23: Largest IV spike — 122.3% change
  • 2024-05-14: Highest IV Rank — 93.9%
  • 2024-05-23: Largest Expected Move — 18.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.79$21.26$22.16$21.46$22.12
Max Pain$22.70$22.00$23.00$22.50$22.00
ATM IV42.5%16.8%120.1%53.3%19.2%
Expected Move9.1%4.8%18.7%15.3%5.5%
HV 20d17.6%14.3%23.3%23.3%15.2%
HV 60d21.0%19.2%24.4%24.4%20.0%
IV Rank24.3%1.3%93.9%34.0%3.5%
IV Percentile49.5%0.8%99.2%80.6%2.4%
Term Structure-7.5%-52.1%16.9%-29.9%15.1%
Skew 25d4.1%-13.5%39.1%-13.5%39.1%
Skew 10d4.5%-19.9%53.4%-19.3%53.4%
Call IV 25d24.4%15.1%47.8%37.0%19.5%
Put IV 25d28.5%18.6%61.9%23.5%58.6%
Bid-Ask Spread %131.50118.65150.87118.97137.23
Gamma HHI0.250.230.290.240.24
Net GEX449.4K330.0K654.8K437.6K463.2K
Net DEX-5.6M-7.9M-2.6M-5.0M-6.7M
Net VEX-54.5K-66.0K-34.9K-52.3K-61.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.170.005.560.000.00
Total Volume193.54504,12000
Total OI18,723.18216,25821,77520,00316,297

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$21.46$22.5053.3%15.3%23.3%34.0%0.0%-13.5%-29.9%437.6K-5.0M-52.3K0.00118.97N/AN/A0019,411592
2024-05-02$21.47$22.5046.3%13.3%23.2%27.7%0.0%-6.6%-28.9%492.4K-5.3M-49.3K0.00120.96N/AN/A0019,411592
2024-05-03$21.59$22.5052.1%14.9%23.3%32.9%0.0%-1.1%-52.1%503.5K-6.7M-60.1K0.00123.43N/AN/A0019,411592
2024-05-06$21.49$23.0053.9%10.0%22.9%34.6%0.0%3.1%-9.9%452.9K-5.5M-55.0K0.00140.60N/AN/A0019,411592
2024-05-07$21.73$23.0057.4%5.2%23.2%37.7%0.0%10.2%16.9%461.7K-4.8M-49.0K0.00137.91N/AN/A0019,411592
2024-05-08$21.88$23.0033.0%5.4%18.9%15.8%0.0%7.0%-0.5%445.6K-4.9M-50.1K0.00136.80N/AN/A0019,411592
2024-05-09$22.11$23.0028.8%6.5%18.7%12.1%0.0%9.8%-0.4%388.1K-4.9M-49.7K0.00131.78N/AN/A0119,411592
2024-05-10$21.96$23.0046.0%7.5%18.5%27.4%0.0%-7.5%-5.5%522.8K-6.5M-56.8K0.00134.93N/AN/A0019,411593
2024-05-13$21.84$23.0056.2%5.5%17.9%36.6%0.0%-4.8%13.0%431.1K-4.2M-46.8K0.00136.48N/AN/A0019,411593
2024-05-14$21.96$23.00120.1%5.8%16.6%93.9%0.0%-1.5%11.2%541.2K-6.1M-51.9K0.00135.02N/AN/A4,120019,411593
2024-05-15$21.96$23.0016.8%4.8%16.3%1.3%0.0%5.0%12.3%600.7K-6.7M-64.0K0.00129.18N/AN/A0021,182593
2024-05-16$22.07$23.0031.4%9.0%16.1%14.3%0.0%4.3%-8.7%654.8K-7.9M-63.3K0.00136.34N/AN/A0021,182586
2024-05-17$22.16$23.0031.8%9.1%15.4%14.7%0.0%8.3%-24.2%441.8K-5.5M-56.6K5.56131.84N/AN/A1810021,182586
2024-05-20$22.02$23.0028.9%8.3%14.6%12.1%0.0%2.2%-6.4%399.1K-6.4M-60.3K0.31127.81N/AN/A13415,832426
2024-05-21$22.02$23.0032.7%9.4%14.6%15.5%0.0%4.5%-10.7%415.0K-6.7M-62.5K0.00128.11N/AN/A0015,845430
2024-05-22$21.95$23.0029.3%8.4%14.3%12.5%0.0%9.1%-10.7%467.7K-7.3M-66.0K0.00135.05N/AN/A0015,845430
2024-05-23$21.46$23.0065.1%18.7%16.1%44.6%0.0%14.1%-14.7%342.6K-6.2M-60.5K0.00150.87N/AN/A1015,845430
2024-05-24$21.54$22.0029.4%8.4%14.5%12.6%0.0%-4.0%-3.1%369.4K-5.1M-53.8K0.00123.05N/AN/A0015,846450
2024-05-28$21.26$22.0037.1%10.6%14.7%19.5%0.0%-0.3%-11.8%330.0K-3.7M-43.1K0.00132.72N/AN/A1015,846450
2024-05-29$21.44$22.0038.3%11.0%14.5%20.6%0.0%4.6%-13.0%331.5K-2.6M-34.9K0.00118.65N/AN/A0015,847450
2024-05-30$21.82$22.0027.5%7.9%14.5%10.9%0.0%7.6%-2.5%394.8K-5.0M-52.0K0.00125.22N/AN/A0015,847450
2024-05-31$22.12$22.0019.2%5.5%15.2%3.5%0.0%39.1%15.1%463.2K-6.7M-61.9K0.00137.23N/AN/A0015,847450