CBL Options History — July 2025

In July 2025, CBL traded between $25.54 and $27.69. ATM implied volatility averaged 38.9%, placing in the 26.9% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded above realized volatility by 17.4% (HV 20d: 21.5%). Max pain ranged from $22.00 to $24.20. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.35.

Notable Days

  • 2025-07-09: Highest Volume — 119 contracts
  • 2025-07-03: Largest IV spike — 145.8% change
  • 2025-07-07: Highest IV Rank — 46.9%
  • 2025-07-15: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.58$25.54$27.69$25.64$26.96
Max Pain$22.20$22.00$24.20$24.20$22.00
ATM IV38.9%22.1%56.8%39.0%43.0%
Expected Move10.7%6.4%13.9%11.2%12.3%
HV 20d21.5%19.1%24.6%23.1%20.8%
HV 60d26.4%24.2%33.9%33.9%24.3%
IV Rank26.9%8.0%46.9%27.0%31.5%
IV Percentile63.7%9.5%93.3%67.9%77.0%
Term Structure-8.2%-28.1%14.8%-24.1%-15.2%
VWIV31.5%19.2%58.9%26.6%27.7%
Skew 25d9.8%-15.4%22.6%16.3%9.1%
Skew 10d11.9%-8.8%40.9%5.5%3.7%
Call IV 25d29.0%18.8%46.6%29.2%28.3%
Put IV 25d38.8%25.7%49.7%45.5%37.4%
Bid-Ask Spread %122.89114.95134.22118.43124.69
Gamma HHI0.800.760.860.860.78
Net GEX308.1K246.3K390.0K303.6K320.2K
Net DEX-8.4M-10.2M-6.8M-7.3M-9.1M
Net VEX-24.7K-27.1K-20.8K-26.6K-23.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.005.000.000.20
Total Volume19.227011976
Total OI5,842.4555,4616,1925,9485,593

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$25.64$24.2039.0%11.2%23.1%27.0%26.6%16.3%-24.1%303.6K-7.3M-26.6K0.00118.43N/AN/A705,643305
2025-07-02$25.79$24.2022.1%6.4%23.0%8.0%0.0%-14.7%14.8%261.3K-7.1M-27.1K0.33122.06N/AN/A315,644305
2025-07-03$26.11$22.0054.4%10.9%23.1%44.3%19.2%19.9%-9.8%295.4K-7.5M-27.1K0.00129.10N/AN/A505,647306
2025-07-07$25.54$22.0056.8%9.9%24.6%46.9%33.8%-15.4%-6.6%247.1K-6.8M-26.7K0.00127.32N/AN/A1305,652306
2025-07-08$25.73$22.0031.9%10.1%23.6%18.9%24.7%15.0%-1.9%260.1K-7.2M-26.1K0.00123.57N/AN/A1005,665306
2025-07-09$25.66$22.0034.3%9.8%22.7%21.7%31.0%5.3%-6.9%246.3K-6.9M-26.5K0.02123.49N/AN/A11725,666306
2025-07-10$26.14$22.0040.6%11.7%23.3%28.8%33.6%17.6%-5.6%284.9K-7.5M-26.6K0.00127.19N/AN/A305,784308
2025-07-11$26.29$22.0036.5%10.5%23.2%24.2%58.9%15.2%-9.9%293.4K-7.9M-26.3K0.00123.12N/AN/A405,787308
2025-07-14$26.63$22.0039.9%11.4%22.5%27.9%29.7%6.1%-13.4%323.9K-8.2M-25.2K0.00117.02N/AN/A705,791308
2025-07-15$26.14$22.0048.5%13.9%21.0%37.7%45.9%22.6%-28.1%310.1K-7.8M-25.4K0.00121.42N/AN/A505,798308
2025-07-16$26.48$22.0039.9%11.4%21.0%28.0%0.0%22.2%-9.0%313.7K-8.0M-25.4K0.00126.66N/AN/A3105,803308
2025-07-17$26.87$22.0039.4%11.3%20.3%27.4%26.5%11.1%-2.0%334.3K-8.7M-24.9K0.09115.82N/AN/A5655,833308
2025-07-18$26.55$22.0035.9%10.3%19.7%23.5%32.8%8.2%-16.7%319.5K-8.4M-25.0K1.00116.28N/AN/A115,879313
2025-07-21$26.77$22.0042.4%12.2%19.1%30.8%23.1%19.3%-11.4%317.1K-8.7M-24.7K0.00118.26N/AN/A905,156306
2025-07-22$27.51$22.0029.7%8.5%21.0%16.6%27.7%-2.8%-5.5%341.7K-10.0M-21.7K0.06120.76N/AN/A3225,155306
2025-07-23$27.69$22.0028.7%8.2%20.9%15.4%26.7%16.2%7.9%390.0K-10.2M-20.8K0.00114.95N/AN/A5105,267305
2025-07-24$27.42$22.0032.1%9.2%19.6%19.2%0.0%-6.3%-9.1%356.5K-9.7M-22.4K0.00123.70N/AN/A005,265305
2025-07-25$27.34$22.0043.7%12.5%19.6%32.2%0.0%7.9%-11.2%293.8K-9.4M-23.7K0.00124.77N/AN/A005,265305
2025-07-28$27.02$22.0046.4%13.3%20.3%35.2%45.4%9.6%-3.0%316.8K-9.1M-23.4K5.00124.18N/AN/A155,265305
2025-07-29$27.27$22.0041.6%11.9%20.4%29.9%0.0%20.8%-0.7%357.4K-9.5M-21.9K0.00126.60N/AN/A805,266309
2025-07-30$27.18$22.0029.7%8.5%20.5%16.6%22.6%11.5%-12.8%290.2K-9.2M-23.0K0.36134.22N/AN/A28105,265309
2025-07-31$26.96$22.0043.0%12.3%20.8%31.5%27.7%9.1%-15.2%320.2K-9.1M-23.0K0.20124.69N/AN/A515,282311