CBL Options History — August 2025

In August 2025, CBL traded between $26.59 and $31.76. ATM implied volatility averaged 33.1%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 7.6% (HV 20d: 25.4%). Max pain ranged from $22.00 to $27.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.21.

Notable Days

  • 2025-08-12: Highest Volume — 137 contracts
  • 2025-08-21: Largest IV spike — 51.7% change
  • 2025-08-08: Highest IV Rank — 37.3%
  • 2025-08-01: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.77$26.59$31.76$26.59$31.75
Max Pain$26.76$22.00$27.00$22.00$27.00
ATM IV33.1%18.3%48.2%41.7%18.3%
Expected Move7.9%5.3%12.0%12.0%5.3%
HV 20d25.4%19.5%29.8%21.2%28.3%
HV 60d24.4%22.3%25.9%24.5%24.6%
IV Rank20.3%3.7%37.3%30.0%3.7%
IV Percentile45.9%1.2%85.7%74.2%1.2%
Term Structure1.1%-15.1%15.6%-4.5%4.7%
VWIV24.7%19.1%32.4%25.9%21.9%
Skew 25d6.5%-3.6%26.0%26.0%6.3%
Skew 10d5.7%-18.7%65.7%15.6%-6.4%
Call IV 25d24.8%16.0%34.7%26.0%22.6%
Put IV 25d31.3%20.4%52.0%52.0%28.9%
Bid-Ask Spread %121.38106.94130.31126.38113.29
Gamma HHI0.480.220.790.790.26
Net GEX186.7K46.2K499.6K305.8K56.4K
Net DEX-13.7M-15.9M-8.4M-8.4M-15.9M
Net VEX-8.5K-23.3K-2.3K-23.3K-2.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.210.001.700.270.07
Total Volume21.85701371915
Total OI5,554.7625,4765,6345,5995,507

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$26.59$22.0041.7%12.0%21.2%30.0%0.0%26.0%-4.5%305.8K-8.4M-23.3K0.27126.38N/AN/A1545,287312
2025-08-04$26.77$27.0045.0%7.4%19.5%33.7%25.9%6.9%5.7%310.3K-8.7M-22.8K0.00125.04N/AN/A105,286316
2025-08-05$27.94$27.0044.8%9.3%24.2%33.5%32.4%17.3%-8.3%365.8K-10.8M-18.6K0.00125.27N/AN/A3005,287316
2025-08-06$27.95$27.0044.9%8.1%24.1%33.6%0.0%2.5%4.2%315.2K-10.5M-20.2K1.70130.31N/AN/A20345,304316
2025-08-07$27.91$27.0047.7%8.0%23.5%36.7%27.4%5.1%2.3%367.2K-10.8M-18.4K0.15119.34N/AN/A1325,317299
2025-08-08$28.23$27.0048.2%7.1%23.7%37.3%22.8%1.5%1.2%499.6K-12.2M-12.2K0.83119.00N/AN/A655,318300
2025-08-11$28.58$27.0039.9%8.6%23.7%27.9%0.0%13.9%1.7%352.0K-12.5M-13.5K0.00121.18N/AN/A3005,324305
2025-08-12$29.75$27.0037.5%7.0%25.5%25.2%0.0%-3.1%9.3%320.4K-14.4M-6.9K0.00122.69N/AN/A13705,329305
2025-08-13$30.20$27.0025.8%7.4%25.6%12.1%0.0%3.9%15.6%134.1K-15.1M-3.0K0.05122.09N/AN/A1915,291305
2025-08-14$30.14$27.0031.3%9.0%25.6%18.3%0.0%5.5%6.5%60.9K-15.1M-3.0K0.67120.51N/AN/A645,299306
2025-08-15$30.37$27.0024.6%7.1%24.7%10.8%19.1%6.7%0.7%69.6K-15.2M-3.2K0.08107.70N/AN/A3735,295310
2025-08-18$30.29$27.0024.5%7.0%24.9%10.7%0.0%1.9%-0.9%181.3K-14.7M-4.3K0.00106.94N/AN/A305,177299
2025-08-19$30.61$27.0029.1%8.3%23.7%15.9%0.0%14.0%-7.3%48.7K-15.1M-2.8K0.00122.63N/AN/A205,177299
2025-08-20$30.55$27.0022.3%6.4%23.9%8.2%26.8%3.7%6.9%49.6K-15.0M-2.9K0.00120.03N/AN/A105,179299
2025-08-21$30.11$27.0033.9%9.7%24.3%21.2%0.0%2.8%10.2%218.8K-14.0M-8.4K0.00128.05N/AN/A305,180299
2025-08-22$31.76$27.0024.3%7.0%29.6%10.5%21.5%-3.6%1.1%51.8K-15.9M-2.4K0.03121.73N/AN/A3015,179299
2025-08-25$31.44$27.0030.3%8.7%29.5%17.2%24.4%8.7%-14.9%46.2K-15.7M-2.6K0.00120.50N/AN/A2205,203300
2025-08-26$31.30$27.0038.9%11.2%29.8%26.9%0.0%0.5%-15.1%52.2K-15.6M-2.6K0.00126.01N/AN/A015,208300
2025-08-27$31.22$27.0022.1%6.3%29.7%7.9%0.0%7.8%-1.6%55.7K-15.5M-2.5K0.00124.32N/AN/A005,208301
2025-08-28$31.70$27.0019.0%5.5%29.3%4.5%0.0%7.6%4.9%59.0K-15.9M-2.3K0.08125.96N/AN/A1315,208301
2025-08-29$31.75$27.0018.3%5.3%28.3%3.7%21.9%6.3%4.7%56.4K-15.9M-2.6K0.07113.29N/AN/A1415,205302