CBL Options History — April 2025

In April 2025, CBL traded between $22.30 and $27.22. ATM implied volatility averaged 52.1%, placing in the 37.8% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded above realized volatility by 0.4% (HV 20d: 51.7%). Max pain ranged from $27.00 to $27.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.39.

Notable Days

  • 2025-04-07: Highest Volume — 379 contracts
  • 2025-04-02: Largest IV spike — 58.6% change
  • 2025-04-08: Highest IV Rank — 57.5%
  • 2025-04-04: Largest Expected Move — 22.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.78$22.30$27.22$27.04$23.39
Max Pain$27.00$27.00$27.00$27.00$27.00
ATM IV52.1%27.7%73.7%28.0%54.3%
Expected Move14.4%7.6%22.5%8.2%15.6%
HV 20d51.7%35.9%56.2%35.9%54.8%
HV 60d38.5%28.4%41.5%29.0%40.1%
IV Rank37.8%15.5%57.5%15.7%39.8%
IV Percentile85.1%34.9%98.4%37.3%92.1%
Term Structure-7.2%-20.8%7.9%6.6%-6.2%
VWIV41.2%22.8%53.9%28.7%53.9%
Skew 25d7.6%-5.3%27.3%4.9%13.6%
Skew 10d7.7%-13.3%20.4%-13.3%-5.6%
Call IV 25d38.9%20.7%55.6%22.5%35.2%
Put IV 25d46.6%22.9%58.3%27.4%48.8%
Bid-Ask Spread %118.95107.03134.87107.03124.19
Gamma HHI0.720.640.780.690.72
Net GEX189.4K148.3K246.0K246.0K187.1K
Net DEX-5.2M-8.6M-4.1M-8.3M-4.5M
Net VEX-33.5K-37.0K-31.2K-36.8K-31.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.390.0013.3313.330.00
Total Volume37.1430379437
Total OI6,218.5245,8976,4005,8976,400

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$27.04$27.0028.0%8.2%35.9%15.7%28.7%4.9%6.6%246.0K-8.3M-36.8K13.33107.03N/AN/A3405,777120
2025-04-02$27.22$27.0044.4%7.6%36.0%30.7%0.0%2.2%2.6%240.4K-8.6M-37.0K0.00114.45N/AN/A305,775159
2025-04-03$24.84$27.0043.4%10.4%46.8%29.8%0.0%6.6%-10.5%208.6K-5.8M-35.5K0.10118.31N/AN/A3135,774159
2025-04-04$24.01$27.0062.7%22.5%47.0%47.5%0.0%9.0%-12.9%169.5K-5.0M-34.5K0.07134.87N/AN/A3025,789158
2025-04-07$23.25$27.0066.3%15.1%46.9%50.8%41.2%-3.4%-10.0%154.2K-4.8M-33.8K0.10121.94N/AN/A343365,819160
2025-04-08$22.30$27.0073.7%16.3%48.1%57.5%0.0%-0.5%-17.1%148.3K-4.1M-31.9K0.00119.41N/AN/A046,043164
2025-04-09$23.99$27.0053.3%15.3%56.2%38.9%51.7%27.3%-3.1%196.2K-5.4M-36.2K0.96112.41N/AN/A53516,043164
2025-04-10$22.57$27.0068.3%19.6%54.5%52.6%0.0%14.8%-12.7%163.7K-4.2M-32.1K0.09130.15N/AN/A2226,094212
2025-04-11$22.49$27.0061.9%17.7%53.4%46.8%0.0%2.9%1.0%153.7K-4.1M-32.1K0.00112.71N/AN/A036,094212
2025-04-14$23.08$27.0061.0%17.5%54.7%45.9%0.0%9.2%-16.5%176.3K-4.5M-32.8K0.00120.61N/AN/A206,114211
2025-04-15$23.19$27.0048.7%14.0%54.8%34.6%0.0%7.8%-5.4%180.9K-4.5M-32.6K0.00113.98N/AN/A2206,114210
2025-04-16$23.27$27.0060.2%17.3%54.8%45.2%0.0%5.3%-17.2%177.7K-4.6M-32.5K0.00117.79N/AN/A006,106210
2025-04-17$23.42$27.0048.9%14.0%55.0%34.8%0.0%19.1%0.8%186.2K-4.8M-33.6K0.00120.43N/AN/A016,106190
2025-04-21$22.93$27.0046.5%13.3%55.0%32.7%43.1%7.1%-9.6%174.7K-4.2M-31.5K2.00119.15N/AN/A486,048188
2025-04-22$23.49$27.0045.3%13.0%55.1%31.6%0.0%1.6%1.4%194.2K-4.7M-33.0K0.00117.25N/AN/A006,049196
2025-04-23$23.77$27.0051.9%14.9%55.5%37.6%0.0%-5.3%-11.7%201.2K-5.3M-33.4K0.00121.11N/AN/A0406,049196
2025-04-24$23.90$27.0027.7%7.9%55.4%15.5%0.0%12.8%7.9%208.0K-5.2M-33.7K0.00117.35N/AN/A0406,050284
2025-04-25$23.82$27.0041.2%11.8%55.4%27.8%22.8%13.5%-4.7%200.6K-4.9M-33.0K0.00117.36N/AN/A406,050324
2025-04-28$23.64$27.0050.9%14.6%55.4%36.7%0.0%3.2%-13.7%197.0K-5.2M-33.1K0.00122.81N/AN/A2506,054324
2025-04-29$23.73$27.0056.1%16.1%55.5%41.4%46.6%8.1%-20.8%212.9K-5.3M-33.3K0.00114.69N/AN/A016,076324
2025-04-30$23.39$27.0054.3%15.6%54.8%39.8%53.9%13.6%-6.2%187.1K-4.5M-31.2K0.00124.19N/AN/A076,076324