CSBR Options History — March 2023

In March 2023, CSBR traded between $4.03 and $4.68. ATM implied volatility averaged 185.5%, placing in the 33.0% IV rank vs the trailing year. The 30-day expected move averaged 48.7%. IV traded above realized volatility by 156.9% (HV 20d: 28.6%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 9 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 5.71.

Notable Days

  • 2023-03-30: Highest Volume — 70 contracts
  • 2023-03-06: Largest IV spike — 289.6% change
  • 2023-03-06: Highest IV Rank — 67.5%
  • 2023-03-28: Largest Expected Move — 85.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.33$4.03$4.68$4.68$4.14
Max Pain$4.32$2.50$5.00$2.50$5.00
ATM IV185.5%69.6%342.8%141.7%228.7%
Expected Move48.7%18.2%85.1%40.6%65.6%
HV 20d28.6%21.4%35.3%24.3%30.9%
HV 60d49.9%27.6%66.9%66.8%27.8%
IV Rank33.0%7.6%67.5%23.4%42.5%
IV Percentile42.5%0.8%88.9%23.8%63.9%
Term Structure-60.0%-254.6%127.1%-116.1%-55.2%
VWIV225.3%72.3%378.3%72.3%378.3%
Skew 25d7.4%-42.2%129.8%45.8%-39.6%
Skew 10d16.3%-104.4%132.9%69.3%-36.4%
Call IV 25d194.2%66.6%295.2%118.4%247.2%
Put IV 25d201.6%75.6%254.2%164.2%207.6%
Bid-Ask Spread %146.96101.19180.33132.75163.41
Gamma HHI0.510.240.920.390.72
Net GEX-25-24175-12-241
Net DEX670-9.2K16.5K3.1K16.5K
Net VEX-159-222-124-168-222
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.710.0022.330.1722.33
Total Volume3.82607000
Total OI206.304185270211270

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$4.68$2.50141.7%40.6%24.3%23.4%0.0%45.8%-116.1%-123.1K-1680.00132.75N/AN/A0096115
2023-03-02$4.68$2.50202.5%58.1%24.3%36.7%0.0%-20.2%-93.1%-76-4.3K-1870.00143.22N/AN/A0096115
2023-03-03$4.58$2.5088.0%25.2%26.0%11.6%0.0%129.8%127.1%-49-4.2K-1690.00129.54N/AN/A0096115
2023-03-06$4.59$0.00342.8%58.6%26.0%67.5%0.0%-36.8%-98.9%-29-9.2K-1790.00171.79N/AN/A0096115
2023-03-07$4.59$0.00197.9%32.5%26.0%35.7%0.0%-16.9%71.3%-15-7.1K-1740.00162.69N/AN/A0096115
2023-03-08$4.59$0.0087.8%18.2%25.9%11.6%0.0%-19.4%59.3%-25-8.5K-1760.00154.88N/AN/A0096115
2023-03-09$4.62$0.00177.4%40.2%21.4%31.2%0.0%72.1%-43.1%242.5K-1660.00134.59N/AN/A0096115
2023-03-10$4.54$0.0098.9%37.7%22.8%14.0%0.0%-32.9%24.6%-30-1.4K-1670.00126.13N/AN/A0096115
2023-03-13$4.46$0.00162.5%21.8%24.0%27.9%0.0%-7.4%5.5%2-1.4K-1580.00155.66N/AN/A0096115
2023-03-14$4.37$0.00172.5%42.7%24.7%30.1%0.0%72.7%-40.6%-224.5K-1550.00143.94N/AN/A0096115
2023-03-15$4.23$0.00147.1%42.2%27.7%24.6%0.0%34.4%15.8%6865-1390.00133.28N/AN/A0096115
2023-03-16$4.03$0.00110.3%31.6%32.7%16.5%0.0%23.4%-7.9%-377.4K-1370.00127.01N/AN/A0096115
2023-03-17$4.04$0.00212.7%61.0%32.8%38.9%0.0%55.2%-161.6%75-2.1K-1240.00124.13N/AN/A0096115
2023-03-20$4.04$0.00103.6%29.7%32.7%15.0%0.0%66.9%12.2%-7213.2K-1370.00119.91N/AN/A008699
2023-03-21$4.23$0.0069.6%20.0%35.3%7.6%72.3%52.7%16.3%-7511.6K-1470.17101.19N/AN/A618699
2023-03-22$4.16$5.0093.8%26.9%33.8%12.9%0.0%-29.7%-2.9%20-455-1450.00115.61N/AN/A0092100
2023-03-23$4.16$5.00269.4%77.2%32.0%51.4%0.0%-23.1%-254.6%2-2.3K-1490.00177.93N/AN/A0092100
2023-03-24$4.18$5.00281.6%80.7%31.6%54.1%0.0%-39.4%-185.9%9-4.8K-1530.00175.13N/AN/A0092100
2023-03-27$4.21$5.00276.1%79.1%30.7%52.9%0.0%-20.1%-161.1%-797.5K-1490.00171.48N/AN/A0192100
2023-03-28$4.16$5.00296.7%85.1%30.7%57.4%378.3%-41.0%-209.7%14-5.0K-1480.00180.33N/AN/A6092101
2023-03-29$4.14$5.00248.8%71.3%30.1%46.9%0.0%-14.2%-206.3%26307-1480.33168.15N/AN/A3198101
2023-03-30$4.07$5.00256.5%73.5%30.3%48.6%0.0%-42.2%-75.4%-2-1.5K-15322.33167.27N/AN/A367100102
2023-03-31$4.14$5.00228.7%65.6%30.9%42.5%0.0%-39.6%-55.2%-24116.5K-2220.00163.41N/AN/A00104166