CBL Options History — January 2026

In January 2026, CBL traded between $34.37 and $37.91. ATM implied volatility averaged 45.2%, placing in the 41.2% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 23.8% (HV 20d: 21.3%). Max pain ranged from $30.00 to $41.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 12.17.

Notable Days

  • 2026-01-02: Highest Volume — 216 contracts
  • 2026-01-14: Largest IV drop — 67.7% change
  • 2026-01-13: Highest IV Rank — 100.0%
  • 2026-01-26: Largest Expected Move — 13.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.62$34.37$37.91$36.94$35.67
Max Pain$35.27$30.00$41.00$30.00$35.00
ATM IV45.2%28.8%89.3%34.6%36.6%
Expected Move9.7%7.8%13.2%9.9%10.5%
HV 20d21.3%18.7%26.9%22.6%26.9%
HV 60d23.3%21.8%25.7%23.7%25.7%
IV Rank41.2%18.6%100.0%27.1%29.0%
IV Percentile65.5%29.4%100.0%50.0%55.6%
Term Structure-5.7%-14.7%9.9%-1.3%-5.8%
VWIV36.8%26.8%62.3%62.3%30.1%
Skew 25d5.7%-26.4%30.6%-26.4%15.3%
Skew 10d9.0%-13.2%31.5%-13.2%30.7%
Call IV 25d32.5%19.9%48.5%47.8%35.9%
Put IV 25d38.2%21.1%51.2%21.3%51.2%
Bid-Ask Spread %138.41120.21146.58120.21137.21
Gamma HHI0.550.370.770.420.69
Net GEX288.1K90.8K1.1M448.1K120.3K
Net DEX-3.5M-5.6M-634.3K-5.5M-918.5K
Net VEX-9.4K-11.9K-6.7K-10.7K-6.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio12.170.00107.00107.000.75
Total Volume25.202162167
Total OI2,281.61,7322,7412,4551,824

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$36.94$30.0034.6%9.9%22.6%27.1%62.3%-26.4%-1.3%448.1K-5.5M-10.7K107.00120.21N/AN/A22142,38372
2026-01-05$37.63$0.0044.3%9.1%20.1%40.6%0.0%-10.7%-10.6%365.7K-5.5M-10.9K0.00138.22N/AN/A012,384286
2026-01-06$37.87$0.0050.9%9.6%20.1%49.8%0.0%-10.8%-14.7%352.7K-5.4M-10.8K0.42141.62N/AN/A36152,384287
2026-01-07$37.25$0.0054.8%9.2%20.9%55.1%0.0%-13.5%-1.4%348.1K-5.1M-11.9K1.75140.55N/AN/A8142,388302
2026-01-08$37.91$0.0058.0%8.0%20.8%59.6%0.0%10.9%-7.5%313.3K-5.6M-11.4K0.33136.54N/AN/A312,383316
2026-01-09$37.82$0.0059.6%7.8%20.9%61.9%0.0%10.5%-7.2%325.1K-5.6M-11.6K3.20137.96N/AN/A5162,383317
2026-01-12$37.73$0.0078.9%8.4%19.0%88.6%0.0%13.1%-13.0%332.5K-5.5M-10.6K0.00138.69N/AN/A0122,380333
2026-01-13$37.58$0.0089.3%8.2%18.8%100.0%0.0%10.7%-8.8%336.1K-5.4M-10.8K0.00144.92N/AN/A002,380345
2026-01-14$37.73$0.0028.8%8.3%18.7%18.6%0.0%7.0%-8.4%338.6K-5.5M-10.0K0.00142.10N/AN/A1002,380345
2026-01-15$37.28$0.0031.8%9.1%19.0%22.5%32.7%2.7%-4.2%365.0K-5.1M-10.1K3.60142.49N/AN/A5182,380345
2026-01-16$36.22$41.0036.4%10.4%21.5%28.7%31.9%1.4%-10.9%1.1M-5.3M-9.2K15.50140.41N/AN/A2312,378363
2026-01-20$35.42$41.0033.7%9.7%21.8%25.1%26.8%1.5%9.9%120.4K-1.1M-7.9K0.05133.31N/AN/A4421,363369
2026-01-21$36.08$34.0034.9%10.0%20.9%26.8%0.0%23.2%1.0%153.3K-1.2M-8.1K0.00146.58N/AN/A101,404368
2026-01-22$36.27$34.0031.6%9.0%21.0%22.2%0.0%14.5%-2.6%154.9K-1.5M-8.5K0.00133.77N/AN/A201,405368
2026-01-23$35.67$34.0030.9%8.9%21.5%21.4%0.0%7.7%-1.1%133.9K-1.2M-8.4K0.00137.57N/AN/A001,405368
2026-01-26$35.82$34.0046.0%13.2%21.5%41.6%30.1%30.6%-3.4%132.3K-1.5M-7.7K50.00141.87N/AN/A1501,405367
2026-01-27$35.42$35.0037.9%10.9%21.3%30.8%0.0%5.6%-1.4%124.7K-966.0K-8.1K0.00133.76N/AN/A201,406417
2026-01-28$34.37$35.0040.1%11.5%22.7%33.8%0.0%10.4%-9.4%90.8K-634.3K-7.1K0.00143.28N/AN/A201,408417
2026-01-29$35.66$35.0044.5%12.8%26.9%39.7%0.0%11.2%-12.8%124.7K-945.6K-6.7K0.00137.25N/AN/A001,407417
2026-01-30$35.67$35.0036.6%10.5%26.9%29.0%0.0%15.3%-5.8%120.3K-918.5K-6.9K0.75137.21N/AN/A431,407417