CSV Options History — June 2013

In June 2013, CSV traded between $16.95 and $19.27. ATM implied volatility averaged 36.7%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded below realized volatility by 15.4% (HV 20d: 52.1%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 4.32.

Notable Days

2013-06-14: Highest Volume — 411 contracts
2013-06-10: Largest IV drop — 34.1% change
2013-06-25: Highest IV Rank — 14.2%
2013-06-25: Largest Expected Move — 11.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.15	$16.95	$19.27	$18.96	$16.95
Max Pain	$15.63	$15.00	$17.50	$17.50	$15.00
ATM IV	36.7%	23.9%	40.4%	35.4%	37.7%
Expected Move	11.0%	10.1%	11.6%	10.1%	10.8%
HV 20d	52.1%	43.8%	60.1%	43.8%	46.8%
HV 60d	54.6%	51.9%	56.5%	51.9%	54.5%
IV Rank	11.3%	1.1%	14.2%	10.3%	12.1%
IV Percentile	56.7%	1.3%	70.6%	52.6%	61.3%
Term Structure	2.2%	-0.7%	6.7%	0.5%	6.7%
VWIV	36.6%	22.9%	40.4%	35.5%	37.7%
Skew 25d	4.8%	-3.8%	13.0%	4.5%	-3.1%
Skew 10d	6.0%	-4.7%	19.3%	8.9%	-0.5%
Call IV 25d	31.6%	24.9%	37.5%	34.6%	33.0%
Put IV 25d	36.5%	29.0%	42.6%	39.1%	29.9%
Bid-Ask Spread %	19.18	9.02	32.37	32.37	28.83
Gamma HHI	0.35	0.25	0.61	0.33	0.55
Net GEX	11.3K	-9.8K	20.2K	18.8K	12.2K
Net DEX	-867.2K	-1.4M	-257.9K	-1.1M	-383.3K
Net VEX	-4.3K	-6.0K	-2.6K	-2.6K	-5.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.32	0.00	36.36	0.42	0.00
Total Volume	117.9	0	411	91	74
Total OI	1,704.55	1,167	2,160	1,167	2,160

Daily Data (20 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 Vol	Put Vol	Call OI	Put OI
2013-06-03	$18.96	$17.50	35.4%	10.1%	43.8%	10.3%	35.5%	4.5%	0.5%	18.8K	-1.1M	-2.6K	0.42	32.37	64	27	971	196
2013-06-04	$18.14	$17.50	38.1%	10.9%	47.1%	12.4%	0.0%	12.0%	0.8%	19.6K	-930.1K	-2.8K	0.00	16.81	0	0	979	220
2013-06-05	$17.54	$17.50	38.1%	10.9%	48.8%	12.4%	38.1%	3.6%	0.9%	20.2K	-778.8K	-2.8K	1.52	17.22	99	150	979	220
2013-06-06	$18.23	$17.50	39.5%	11.3%	50.5%	13.5%	39.5%	13.0%	-0.7%	12.5K	-980.6K	-3.4K	0.00	21.39	16	0	1,071	348
2013-06-07	$19.04	$15.00	36.3%	10.9%	52.0%	11.0%	39.7%	2.8%	0.4%	15.1K	-1.2M	-3.3K	0.19	21.31	32	6	1,081	348
2013-06-10	$18.86	$15.00	23.9%	10.9%	51.5%	1.1%	32.2%	7.0%	0.7%	15.5K	-1.2M	-3.3K	0.00	29.25	25	0	1,111	354
2013-06-11	$18.73	$15.00	31.9%	11.5%	51.5%	7.5%	0.0%	5.8%	1.1%	14.6K	-1.2M	-3.2K	0.25	14.05	12	3	1,103	354
2013-06-12	$18.75	$15.00	28.1%	11.5%	51.5%	4.5%	0.0%	5.4%	1.2%	15.6K	-1.2M	-3.1K	0.11	13.55	90	10	1,103	351
2013-06-13	$19.27	$15.00	37.1%	10.6%	52.2%	11.6%	0.0%	10.7%	1.8%	19.5K	-1.4M	-3.5K	0.80	28.51	10	8	1,169	361
2013-06-14	$18.71	$15.00	38.9%	11.1%	53.6%	13.0%	0.0%	3.3%	0.7%	17.7K	-1.3M	-3.4K	36.36	12.49	11	400	1,169	358
2013-06-17	$18.91	$15.00	37.6%	10.8%	53.6%	12.0%	0.0%	7.1%	2.1%	13.0K	-1.2M	-4.9K	0.58	11.55	24	14	1,160	758
2013-06-18	$19.06	$15.00	37.6%	10.8%	53.5%	12.0%	37.6%	8.8%	1.0%	13.7K	-1.2M	-4.8K	0.00	12.94	10	0	1,160	772
2013-06-19	$18.61	$15.00	40.1%	11.5%	54.4%	14.0%	0.0%	3.9%	0.7%	10.4K	-1.1M	-4.9K	0.00	12.39	0	15	1,159	772
2013-06-20	$17.14	$15.00	39.2%	11.2%	60.1%	13.3%	39.2%	12.5%	3.5%	-1.3K	-374.3K	-5.1K	4.62	14.41	37	171	1,150	779
2013-06-21	$17.20	$15.00	39.3%	11.3%	60.0%	13.4%	22.9%	0.3%	3.7%	-9.8K	-257.9K	-5.5K	4.29	26.85	55	236	1,182	936
2013-06-24	$17.20	$15.00	40.2%	11.5%	58.6%	14.0%	40.2%	0.3%	3.4%	6.5K	-407.5K	-5.5K	15.64	26.36	14	219	1,076	855
2013-06-25	$17.45	$17.50	40.4%	11.6%	56.8%	14.2%	40.4%	2.8%	1.9%	-6.9K	-313.2K	-6.0K	12.68	9.02	25	317	1,088	1,069
2013-06-26	$16.98	$15.00	38.1%	10.9%	47.2%	12.4%	36.0%	-3.8%	6.5%	7.5K	-298.3K	-5.6K	0.22	25.26	136	30	1,109	906
2013-06-27	$17.22	$15.00	36.7%	10.5%	47.8%	11.3%	36.7%	-0.6%	6.7%	11.3K	-482.0K	-6.0K	0.00	9.02	18	0	1,235	919
2013-06-28	$16.95	$15.00	37.7%	10.8%	46.8%	12.1%	37.7%	-3.1%	6.7%	12.2K	-383.3K	-5.9K	0.00	28.83	74	0	1,241	919