CBL Options History — March 2026

In March 2026, CBL traded between $37.11 and $38.70. ATM implied volatility averaged 33.8%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 6.9% (HV 20d: 26.9%). Max pain ranged from $30.00 to $38.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.15.

Notable Days

  • 2026-03-16: Highest Volume — 159 contracts
  • 2026-03-06: Largest IV spike — 53.5% change
  • 2026-03-27: Highest IV Rank — 37.6%
  • 2026-03-23: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.76$37.11$38.70$37.73$38.70
Max Pain$33.70$30.00$38.00$38.00$35.00
ATM IV33.8%25.2%43.0%26.5%40.8%
Expected Move9.7%7.5%12.7%7.6%11.7%
HV 20d26.9%21.8%30.1%30.1%24.1%
HV 60d26.4%25.7%27.0%27.0%26.7%
IV Rank25.2%13.7%37.6%15.4%34.7%
IV Percentile41.9%16.3%67.1%21.4%61.1%
Term Structure-2.5%-15.1%7.5%7.5%-12.9%
VWIV31.4%21.2%37.8%21.2%37.6%
Skew 25d4.4%-7.3%23.3%10.6%10.8%
Skew 10d4.2%-11.2%24.4%-1.5%8.3%
Call IV 25d28.7%19.0%37.0%29.7%28.7%
Put IV 25d33.1%21.9%49.4%40.3%39.5%
Bid-Ask Spread %91.1458.45133.53116.9558.45
Gamma HHI0.630.180.930.780.38
Net GEX298.5K1.5K1.1M315.2K26.6K
Net DEX-1.3M-2.8M236.4K-2.1M-289.9K
Net VEX-3.3K-6.0K-1.1K-5.8K-1.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.150.001.000.000.07
Total Volume21.050159316
Total OI1,414.14141,9211,894558

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$37.73$38.0026.5%7.6%30.1%15.4%21.2%10.6%7.5%315.2K-2.1M-5.8K0.00116.95N/AN/A301,483411
2026-03-03$37.62$38.0026.4%7.6%28.1%15.3%0.0%23.3%3.7%321.2K-2.0M-6.0K0.00120.24N/AN/A001,498411
2026-03-04$38.32$38.0026.3%7.5%28.5%15.2%26.4%12.9%7.3%387.7K-2.8M-5.1K0.00116.43N/AN/A011,498411
2026-03-05$37.75$30.0027.8%7.5%28.6%17.2%0.0%-2.6%4.6%335.1K-2.1M-5.2K0.00133.53N/AN/A001,498412
2026-03-06$37.28$30.0042.7%8.4%29.1%37.2%0.0%0.9%4.1%292.3K-1.6M-4.6K0.50124.11N/AN/A211,498412
2026-03-09$38.06$30.0030.1%7.7%29.7%20.3%0.0%1.8%-1.5%385.6K-2.5M-4.3K0.00127.80N/AN/A101,498413
2026-03-10$38.17$30.0027.8%7.8%29.6%17.2%32.4%13.1%-0.2%443.3K-2.6M-4.9K0.67126.87N/AN/A321,499413
2026-03-11$38.28$30.0035.5%10.2%29.5%27.6%0.0%8.9%-4.2%623.1K-2.7M-4.0K0.00128.34N/AN/A001,500415
2026-03-12$37.13$30.0030.7%0.0%29.5%21.1%0.0%2.3%1.4%339.0K-1.0M-3.7K0.0066.70N/AN/A001,505415
2026-03-13$0.00$0.0040.2%0.0%29.5%33.9%0.0%0.0%0.0%304.0K-918.9K-3.7K0.000.00N/AN/A0000
2026-03-16$37.86$30.0025.2%9.6%29.5%13.7%0.0%-7.3%-2.1%634.7K-1.9M-3.6K0.0173.60N/AN/A15721,506415
2026-03-17$37.63$35.0029.3%8.6%29.4%19.2%0.0%6.3%5.2%674.6K-1.6M-3.4K0.0068.15N/AN/A4201,430413
2026-03-19$37.89$35.0038.7%11.1%27.7%31.9%0.0%7.8%-7.9%1.1M-2.1M-2.2K1.0069.25N/AN/A16161,465412
2026-03-20$37.11$35.0040.6%11.9%23.8%34.4%0.0%-5.5%-8.4%62.2K236.4K-1.8K0.0066.68N/AN/A1001,470414
2026-03-23$37.73$35.0032.4%12.7%24.3%23.4%31.6%-2.1%-7.5%1.5K-34.4K-1.6K0.0069.89N/AN/A390108306
2026-03-24$37.16$35.0032.4%9.9%24.8%23.4%29.6%-4.2%1.0%4.4K-11.2K-1.7K0.0070.02N/AN/A450147306
2026-03-25$37.19$35.0034.6%9.5%21.8%26.3%0.0%5.4%0.8%10.8K-126.8K-1.1K0.0073.23N/AN/A500192306
2026-03-26$37.66$35.0038.2%11.0%21.9%31.2%35.0%3.0%-15.1%16.3K-190.5K-1.6K0.0077.93N/AN/A40237306
2026-03-27$37.41$35.0043.0%12.3%21.8%37.6%37.8%-3.3%-10.7%17.6K-137.7K-2.1K0.0063.07N/AN/A70241306
2026-03-30$38.49$35.0039.8%11.4%24.2%33.3%37.6%6.2%-15.1%19.4K-257.3K-1.8K0.0071.55N/AN/A40248306
2026-03-31$38.70$35.0040.8%11.7%24.1%34.7%0.0%10.8%-12.9%26.6K-289.9K-1.9K0.0758.45N/AN/A151252306