CBL Options History — November 2025

In November 2025, CBL traded between $29.72 and $33.38. ATM implied volatility averaged 43.5%, placing in the 35.2% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 19.6% (HV 20d: 23.8%). Max pain ranged from $29.20 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.44.

Notable Days

2025-11-11: Highest Volume — 137 contracts
2025-11-13: Largest IV spike — 32.1% change
2025-11-05: Highest IV Rank — 49.7%
2025-11-05: Largest Expected Move — 17.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$32.22	$29.72	$33.38	$29.72	$33.25
Max Pain	$29.33	$29.20	$30.00	$30.00	$29.20
ATM IV	43.5%	29.9%	59.2%	59.2%	33.8%
Expected Move	11.7%	8.6%	17.0%	17.0%	9.7%
HV 20d	23.8%	21.6%	25.8%	21.6%	25.2%
HV 60d	24.3%	23.4%	25.6%	24.3%	24.0%
IV Rank	35.2%	16.7%	49.7%	49.6%	26.1%
IV Percentile	70.2%	40.5%	94.0%	94.0%	48.0%
Term Structure	-10.7%	-27.1%	-1.0%	-12.4%	-1.0%
VWIV	34.6%	20.8%	55.3%	55.3%	34.4%
Skew 25d	5.6%	-7.0%	19.5%	7.6%	0.9%
Skew 10d	5.0%	-8.4%	26.5%	7.1%	2.5%
Call IV 25d	44.6%	22.5%	66.9%	64.8%	47.6%
Put IV 25d	50.1%	38.8%	75.1%	72.4%	48.5%
Bid-Ask Spread %	134.94	130.57	143.53	143.53	132.79
Gamma HHI	0.13	0.11	0.15	0.12	0.15
Net GEX	61.9K	23.2K	112.8K	23.2K	112.8K
Net DEX	-893.2K	-1.2M	-393.7K	-393.7K	-1.2M
Net VEX	-3.5K	-5.2K	-2.3K	-2.7K	-5.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.44	0.00	5.00	0.08	1.00
Total Volume	30.158	0	137	13	2
Total OI	1,179.105	954	1,393	954	1,393

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
2025-11-03	$29.72	$30.00	59.2%	17.0%	21.6%	49.6%	55.3%	7.6%	-12.4%	23.2K	-393.7K	-2.7K	0.08	143.53	N/A	N/A	12	1	659	295
2025-11-04	$30.21	$30.00	58.4%	16.8%	22.3%	48.8%	0.0%	8.0%	-10.2%	28.0K	-442.2K	-2.7K	0.00	141.91	N/A	N/A	0	1	671	295
2025-11-05	$30.89	$30.00	59.2%	17.0%	22.6%	49.7%	0.0%	8.2%	-27.1%	26.9K	-447.7K	-2.3K	0.04	143.46	N/A	N/A	27	1	671	296
2025-11-06	$31.46	$29.20	56.3%	11.8%	23.2%	46.4%	0.0%	6.1%	-7.0%	40.0K	-631.8K	-2.8K	0.00	131.13	N/A	N/A	3	0	693	296
2025-11-07	$32.70	$29.20	57.0%	10.2%	22.1%	47.2%	36.4%	5.7%	-15.6%	50.2K	-855.5K	-2.9K	0.08	136.40	N/A	N/A	62	5	694	296
2025-11-10	$32.06	$29.20	49.0%	9.2%	22.9%	38.2%	0.0%	16.4%	-11.1%	56.8K	-881.1K	-3.5K	0.00	133.56	N/A	N/A	29	0	754	293
2025-11-11	$32.86	$29.20	36.1%	10.8%	23.9%	23.8%	0.0%	3.3%	-18.0%	58.6K	-931.0K	-3.1K	0.00	135.81	N/A	N/A	137	0	782	293
2025-11-12	$32.69	$29.20	29.9%	8.6%	23.7%	16.7%	26.1%	-1.5%	-5.7%	70.2K	-971.3K	-3.2K	0.00	130.57	N/A	N/A	10	0	919	293
2025-11-13	$32.64	$29.20	39.4%	11.3%	22.2%	27.5%	0.0%	4.1%	-17.9%	65.8K	-983.2K	-3.8K	0.00	134.31	N/A	N/A	0	0	926	293
2025-11-14	$32.56	$29.20	37.0%	10.6%	22.4%	29.8%	0.0%	2.9%	-15.3%	59.6K	-992.4K	-3.8K	1.00	133.41	N/A	N/A	1	1	926	293
2025-11-17	$31.74	$29.20	40.6%	11.6%	24.7%	35.5%	20.8%	19.5%	-8.8%	59.1K	-816.4K	-3.0K	0.00	130.97	N/A	N/A	35	0	947	292
2025-11-18	$32.34	$29.20	41.9%	12.0%	25.0%	37.4%	34.4%	1.8%	-13.9%	61.1K	-984.7K	-3.6K	0.00	131.70	N/A	N/A	15	0	981	292
2025-11-19	$32.21	$29.20	43.8%	12.6%	24.8%	40.0%	0.0%	10.2%	-8.0%	60.9K	-925.6K	-3.5K	0.07	135.00	N/A	N/A	27	2	993	292
2025-11-20	$32.39	$29.20	43.0%	12.3%	24.5%	38.8%	0.0%	5.2%	-7.8%	69.6K	-1.0M	-4.1K	5.00	132.93	N/A	N/A	2	10	1,014	294
2025-11-21	$33.14	$29.20	34.3%	9.8%	25.3%	26.8%	0.0%	3.0%	-7.3%	71.7K	-1.1M	-3.9K	0.00	133.14	N/A	N/A	60	0	998	303
2025-11-24	$32.81	$29.20	36.4%	10.4%	25.8%	29.6%	0.0%	0.2%	-7.7%	87.4K	-1.1M	-4.2K	0.10	135.06	N/A	N/A	31	3	1,035	292
2025-11-25	$33.14	$29.20	36.1%	10.4%	25.4%	29.3%	0.0%	-7.0%	-7.4%	84.3K	-1.1M	-4.6K	0.06	135.11	N/A	N/A	36	2	1,006	295
2025-11-26	$33.38	$29.20	34.5%	9.9%	25.3%	27.1%	0.0%	11.3%	-1.5%	89.5K	-1.1M	-4.6K	0.02	133.16	N/A	N/A	57	1	1,041	297
2025-11-28	$33.25	$29.20	33.8%	9.7%	25.2%	26.1%	0.0%	0.9%	-1.0%	112.8K	-1.2M	-5.2K	1.00	132.79	N/A	N/A	1	1	1,095	298