CBL Options History — January 2025

In January 2025, CBL traded between $28.05 and $30.65. ATM implied volatility averaged 37.4%, placing in the 24.3% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 11.6% (HV 20d: 25.8%). Max pain ranged from $25.00 to $29.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 1.71.

Notable Days

  • 2025-01-06: Highest Volume — 66 contracts
  • 2025-01-08: Largest IV spike — 96.2% change
  • 2025-01-08: Highest IV Rank — 37.4%
  • 2025-01-24: Largest Expected Move — 13.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.04$28.05$30.65$29.84$30.61
Max Pain$27.85$25.00$29.00$29.00$28.00
ATM IV37.4%20.6%51.7%26.2%32.3%
Expected Move10.2%5.9%13.6%7.5%9.3%
HV 20d25.8%20.0%29.2%27.2%25.1%
HV 60d25.3%24.2%26.1%25.2%25.3%
IV Rank24.3%9.0%37.4%14.1%19.6%
IV Percentile60.4%6.0%89.7%26.6%44.8%
Term Structure-4.8%-15.0%18.6%1.6%-3.7%
VWIV28.3%17.8%36.0%29.1%25.1%
Skew 25d5.9%-11.7%19.1%8.2%-11.7%
Skew 10d6.3%-9.0%14.4%-3.9%2.6%
Call IV 25d32.1%17.5%40.2%19.9%39.0%
Put IV 25d38.0%24.2%52.8%28.1%27.3%
Bid-Ask Spread %123.29110.53131.40110.53120.38
Gamma HHI0.380.260.440.320.38
Net GEX565.3K438.5K671.8K543.5K458.8K
Net DEX-22.8M-27.2M-19.5M-24.6M-27.2M
Net VEX-31.2K-37.6K-20.5K-32.7K-20.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.710.0010.000.000.00
Total Volume20.35066143
Total OI10,425.0510,13710,62410,53710,338

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$29.84$29.0026.2%7.5%27.2%14.1%29.1%8.2%1.6%543.5K-24.6M-32.7K0.00110.53N/AN/A0110,45978
2025-01-03$30.65$29.0020.6%5.9%29.2%9.0%19.8%0.1%18.6%438.5K-26.8M-27.7K0.00117.06N/AN/A30010,45979
2025-01-06$30.27$29.0025.8%8.5%29.2%13.7%0.0%6.8%1.9%523.4K-26.9M-23.5K0.00125.59N/AN/A66010,45779
2025-01-07$29.77$29.0026.4%9.1%28.9%14.2%0.0%7.5%-7.6%451.8K-25.5M-26.0K0.00119.58N/AN/A63010,46479
2025-01-08$29.42$29.0051.7%9.8%28.9%37.4%0.0%1.3%0.8%573.2K-23.5M-34.1K0.00121.23N/AN/A0610,52279
2025-01-10$28.96$29.0049.0%9.5%28.5%35.0%34.9%-6.9%-7.6%612.9K-22.9M-33.8K0.00117.55N/AN/A8010,52285
2025-01-13$29.01$28.0044.5%10.0%28.5%30.9%0.0%8.2%-2.9%534.5K-23.5M-30.5K10.00121.63N/AN/A11010,52885
2025-01-14$28.80$28.0035.6%10.2%28.3%22.7%0.0%2.8%-12.8%518.7K-22.1M-33.7K1.38122.44N/AN/A81110,52995
2025-01-15$28.88$28.0038.1%10.9%28.0%25.0%0.0%14.6%-6.0%580.9K-21.8M-36.8K0.00119.88N/AN/A0010,521102
2025-01-16$28.57$28.0039.4%11.3%28.1%26.2%36.0%-3.7%-14.4%567.0K-22.1M-31.1K2.00125.45N/AN/A1210,521102
2025-01-17$28.20$25.0041.6%11.9%27.9%28.2%0.0%5.3%-9.7%551.8K-19.5M-37.6K0.00123.11N/AN/A4010,520104
2025-01-21$28.55$25.0033.2%9.5%24.0%20.5%17.8%19.1%-3.3%589.8K-21.2M-33.1K0.00128.75N/AN/A4010,09938
2025-01-22$28.16$25.0034.6%9.9%23.6%21.8%31.5%5.0%-3.7%584.7K-19.8M-36.3K1.67128.78N/AN/A3510,10238
2025-01-23$28.05$28.0034.7%9.9%23.3%21.9%0.0%16.3%-5.0%630.9K-19.9M-35.2K0.04127.63N/AN/A26110,14943
2025-01-24$28.21$28.0047.6%13.6%22.8%33.6%0.0%12.6%-15.0%664.6K-20.9M-32.1K0.00130.74N/AN/A0010,17144
2025-01-27$28.20$28.0042.6%12.2%22.8%29.1%0.0%4.8%-8.9%643.0K-20.5M-33.2K10.00131.40N/AN/A11010,17144
2025-01-28$28.35$28.0040.3%11.5%20.0%26.9%0.0%14.6%-7.8%671.8K-21.5M-29.8K0.00129.43N/AN/A04010,17154
2025-01-29$28.84$28.0045.7%13.1%20.3%31.9%32.1%3.2%-4.8%624.7K-23.1M-27.3K0.50123.95N/AN/A10510,18694
2025-01-30$29.40$28.0038.3%11.0%21.4%25.1%0.0%9.9%-5.6%540.8K-23.7M-29.1K0.02120.62N/AN/A47110,19694
2025-01-31$30.61$28.0032.3%9.3%25.1%19.6%25.1%-11.7%-3.7%458.8K-27.2M-20.5K0.00120.38N/AN/A43010,24395