CSBR Options History — May 2022

In May 2022, CSBR traded between $6.97 and $7.64. ATM implied volatility averaged 198.6%, placing in the 35.3% IV rank vs the trailing year. The 30-day expected move averaged 54.2%. IV traded above realized volatility by 167.9% (HV 20d: 30.7%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.01.

Notable Days

  • 2022-05-03: Highest Volume — 2,220 contracts
  • 2022-05-13: Largest IV spike — 100.5% change
  • 2022-05-10: Highest IV Rank — 88.5%
  • 2022-05-09: Largest Expected Move — 87.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.34$6.97$7.64$7.64$7.33
Max Pain$7.50$7.50$7.50$7.50$7.50
ATM IV198.6%86.9%430.2%98.8%160.5%
Expected Move54.2%24.9%87.4%28.3%46.0%
HV 20d30.7%26.4%35.7%35.7%31.5%
HV 60d43.0%40.8%45.5%45.4%41.8%
IV Rank35.3%9.6%88.5%12.3%26.5%
IV Percentile65.2%6.3%99.6%13.6%55.4%
Term Structure-27.6%-148.8%65.7%-18.5%-105.3%
VWIV175.3%157.5%193.7%193.7%174.6%
Skew 25d-13.1%-115.2%129.0%-104.4%129.0%
Skew 10d-24.3%-205.0%115.5%-161.9%-16.2%
Call IV 25d254.3%109.3%365.9%210.9%125.2%
Put IV 25d241.2%106.5%375.1%106.5%254.2%
Bid-Ask Spread %140.00116.54163.19132.62150.53
Gamma HHI0.380.350.390.380.39
Net GEX13.3K8.5K20.9K14.1K11.3K
Net DEX-1.7M-2.1M-996.6K-1.7M-1.9M
Net VEX-8.0K-11.1K-6.8K-8.3K-7.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.010.000.010.010.01
Total Volume1,1076022,220614602
Total OI4,587.554,2535,8334,3094,522

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$7.64$7.5098.8%28.3%35.7%12.3%193.7%-104.4%-18.5%14.1K-1.7M-8.3K0.01132.62N/AN/A60954,3027
2022-05-03$7.55$7.5086.9%24.9%32.6%9.6%157.5%-37.4%-13.5%17.0K-1.1M-7.3K0.00116.71N/AN/A2,21554,2467
2022-05-04$7.48$7.50100.1%28.7%31.9%12.6%174.6%64.2%-11.7%20.9K-1.9M-11.1K0.00120.16N/AN/A2,08955,8267
2022-05-05$7.40$0.00149.3%45.3%30.4%23.9%0.0%-35.7%20.5%16.5K-1.3M-8.2K0.00130.52N/AN/A2,08954,5467
2022-05-06$7.26$0.00275.1%46.3%30.5%52.9%0.0%-115.2%65.7%9.3K-2.0M-7.9K0.00130.86N/AN/A2,08954,5467
2022-05-09$7.24$0.00234.8%87.4%30.3%43.6%0.0%9.7%-38.7%8.5K-2.1M-7.8K0.00150.70N/AN/A2,08954,5467
2022-05-10$7.32$0.00430.2%77.6%28.3%88.5%0.0%-25.1%-68.2%10.7K-1.9M-8.2K0.01146.16N/AN/A83354,5467
2022-05-11$7.25$0.00255.3%73.2%26.4%48.3%0.0%-21.4%3.8%9.5K-2.1M-7.8K0.01145.13N/AN/A83354,5627
2022-05-12$7.34$0.0094.3%27.0%27.0%11.3%0.0%-8.0%16.9%16.3K-1.1M-7.7K0.01116.54N/AN/A83354,5627
2022-05-13$7.46$0.00189.2%54.2%28.0%33.1%0.0%-58.0%12.2%14.5K-1.6M-8.4K0.01130.30N/AN/A83354,5627
2022-05-16$7.25$0.00231.6%66.4%28.4%42.8%0.0%-39.8%2.7%11.0K-1.9M-7.9K0.01139.48N/AN/A83354,5627
2022-05-17$7.49$0.00185.1%53.1%31.1%32.2%0.0%-36.0%-46.0%15.6K-1.3M-8.0K0.01163.19N/AN/A83354,5637
2022-05-18$7.41$0.00223.7%64.1%29.3%41.0%0.0%-39.5%-106.0%13.0K-1.9M-8.1K0.01155.03N/AN/A83354,5637
2022-05-19$7.25$0.00231.5%66.4%29.9%42.8%0.0%-41.6%-88.5%11.0K-1.9M-7.9K0.01153.12N/AN/A83354,5637
2022-05-20$6.97$0.00203.8%58.4%32.3%36.5%0.0%-31.9%-47.2%12.0K-1.7M-7.6K0.01138.25N/AN/A83354,5637
2022-05-23$7.25$0.00122.6%35.2%34.2%17.8%0.0%75.3%54.8%13.7K-1.6M-7.8K0.01142.41N/AN/A78654,5047
2022-05-24$7.38$0.00242.0%69.4%32.2%45.2%0.0%-36.5%-42.6%12.1K-1.9M-7.8K0.01151.60N/AN/A78654,5047
2022-05-26$7.32$0.00164.6%47.2%32.0%27.5%0.0%116.1%6.8%16.6K-996.6K-6.8K0.01132.53N/AN/A59754,5157
2022-05-27$7.29$0.00292.9%84.0%32.0%56.9%0.0%-26.6%-148.8%11.8K-1.9M-7.6K0.01154.19N/AN/A59754,5157
2022-05-31$7.33$0.00160.5%46.0%31.5%26.5%0.0%129.0%-105.3%11.3K-1.9M-7.5K0.01150.53N/AN/A59754,5157