CBL Options History — February 2025

In February 2025, CBL traded between $30.42 and $32.97. ATM implied volatility averaged 29.1%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 4.6% (HV 20d: 24.5%). Max pain ranged from $25.00 to $28.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.33.

Notable Days

2025-02-18: Highest Volume — 348 contracts
2025-02-26: Largest IV spike — 57.6% change
2025-02-26: Highest IV Rank — 29.0%
2025-02-26: Largest Expected Move — 12.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$31.25	$30.42	$32.97	$30.59	$31.04
Max Pain	$25.47	$25.00	$28.00	$28.00	$25.00
ATM IV	29.1%	18.4%	42.5%	34.3%	24.3%
Expected Move	7.7%	5.0%	12.2%	9.8%	7.0%
HV 20d	24.5%	20.9%	27.5%	24.6%	26.9%
HV 60d	25.2%	24.6%	26.8%	24.8%	24.8%
IV Rank	16.7%	6.9%	29.0%	21.5%	12.3%
IV Percentile	33.6%	2.4%	78.2%	50.4%	15.9%
Term Structure	-1.3%	-21.2%	16.2%	-13.8%	16.1%
VWIV	28.7%	17.7%	41.4%	35.2%	30.5%
Skew 25d	0.4%	-10.5%	12.7%	5.0%	2.0%
Skew 10d	0.1%	-19.4%	31.7%	2.1%	31.7%
Call IV 25d	24.5%	16.6%	47.9%	47.9%	20.2%
Put IV 25d	24.9%	17.4%	52.9%	52.9%	22.2%
Bid-Ask Spread %	116.76	110.91	129.29	129.29	113.52
Gamma HHI	0.28	0.20	0.51	0.33	0.20
Net GEX	186.6K	78.0K	470.1K	293.2K	79.8K
Net DEX	-29.3M	-32.0M	-26.4M	-27.5M	-29.3M
Net VEX	-11.0K	-22.6K	-8.0K	-17.5K	-8.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.33	0.00	2.00	0.00	2.00
Total Volume	50.632	0	348	29	6
Total OI	10,431.316	10,338	10,501	10,358	10,431

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-02-03	$30.59	$28.00	34.3%	9.8%	24.6%	21.5%	35.2%	5.0%	-13.8%	293.2K	-27.5M	-17.5K	0.00	129.29	N/A	N/A	29	0	10,263	95
2025-02-04	$30.42	$28.00	38.8%	11.1%	22.8%	25.6%	0.0%	0.4%	-13.8%	364.8K	-27.5M	-15.3K	0.00	118.56	N/A	N/A	20	0	10,263	95
2025-02-05	$30.91	$28.00	32.5%	9.3%	23.0%	19.8%	24.8%	0.2%	-11.8%	248.1K	-29.0M	-10.0K	0.00	120.45	N/A	N/A	165	0	10,243	95
2025-02-06	$30.58	$25.00	30.5%	6.4%	22.5%	18.0%	41.4%	-4.2%	-8.2%	470.1K	-26.4M	-22.6K	0.00	119.07	N/A	N/A	18	0	10,357	95
2025-02-07	$30.66	$25.00	28.4%	5.9%	21.9%	16.1%	0.0%	-4.0%	10.3%	440.2K	-28.2M	-14.3K	0.00	117.38	N/A	N/A	0	0	10,371	95
2025-02-10	$30.51	$25.00	28.4%	5.1%	21.1%	16.1%	31.7%	-1.3%	16.2%	265.9K	-27.7M	-14.5K	0.00	119.50	N/A	N/A	0	4	10,371	95
2025-02-11	$30.57	$25.00	32.3%	5.0%	21.1%	19.7%	29.2%	-10.5%	7.1%	145.8K	-28.9M	-8.2K	0.03	116.19	N/A	N/A	37	1	10,371	93
2025-02-12	$30.89	$25.00	18.4%	5.3%	20.9%	6.9%	0.0%	4.5%	0.9%	279.4K	-29.1M	-10.4K	0.00	117.68	N/A	N/A	0	0	10,371	94
2025-02-13	$31.95	$25.00	27.4%	7.9%	23.5%	15.2%	0.0%	-1.3%	-6.7%	93.3K	-30.7M	-9.1K	0.07	115.76	N/A	N/A	28	2	10,371	94
2025-02-14	$32.97	$25.00	23.4%	6.7%	24.5%	11.5%	26.7%	-3.5%	1.2%	95.8K	-32.0M	-9.8K	0.01	117.13	N/A	N/A	178	2	10,385	93
2025-02-18	$32.13	$25.00	26.2%	7.5%	26.2%	14.0%	25.3%	-2.4%	-4.2%	97.4K	-30.9M	-9.1K	0.00	110.91	N/A	N/A	347	1	10,372	95
2025-02-19	$31.96	$25.00	24.1%	6.9%	26.5%	12.1%	31.0%	-1.1%	-0.8%	99.6K	-30.7M	-9.1K	0.38	111.63	N/A	N/A	8	3	10,405	96
2025-02-20	$31.93	$25.00	20.8%	6.0%	25.6%	9.1%	22.4%	-0.3%	4.5%	96.6K	-30.6M	-9.1K	0.00	117.04	N/A	N/A	101	0	10,404	97
2025-02-21	$31.38	$25.00	26.9%	7.7%	26.7%	14.7%	0.0%	-0.7%	-1.3%	80.3K	-29.8M	-8.5K	0.00	117.64	N/A	N/A	0	0	10,313	96
2025-02-24	$31.36	$25.00	32.6%	9.4%	26.8%	20.0%	0.0%	12.7%	2.1%	152.2K	-29.6M	-8.5K	0.00	111.67	N/A	N/A	2	0	10,268	90
2025-02-25	$31.51	$25.00	27.0%	7.7%	26.7%	14.8%	17.7%	4.2%	2.2%	80.7K	-29.7M	-8.0K	0.00	115.25	N/A	N/A	3	0	10,268	90
2025-02-26	$31.50	$25.00	42.5%	12.2%	26.8%	29.0%	0.0%	1.8%	-21.2%	84.9K	-29.9M	-8.7K	1.00	116.96	N/A	N/A	1	1	10,340	90
2025-02-27	$30.98	$25.00	34.0%	9.8%	27.5%	21.2%	30.5%	5.5%	-2.8%	78.0K	-29.3M	-8.5K	1.50	112.79	N/A	N/A	2	3	10,339	91
2025-02-28	$31.04	$25.00	24.3%	7.0%	26.9%	12.3%	0.0%	2.0%	16.1%	79.8K	-29.3M	-8.4K	2.00	113.52	N/A	N/A	2	4	10,339	92