CSV Options History — July 2013

In July 2013, CSV traded between $17.40 and $19.29. ATM implied volatility averaged 38.8%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 3.4% (HV 20d: 35.5%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.09.

Notable Days

2013-07-18: Highest Volume — 238 contracts
2013-07-11: Largest IV spike — 68.9% change
2013-07-30: Highest IV Rank — 19.3%
2013-07-30: Largest Expected Move — 13.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.49	$17.40	$19.29	$17.45	$18.76
Max Pain	$17.16	$15.00	$17.50	$15.00	$17.50
ATM IV	38.8%	24.1%	46.7%	39.2%	32.4%
Expected Move	11.6%	9.3%	13.4%	11.2%	9.3%
HV 20d	35.5%	23.5%	48.4%	48.4%	28.9%
HV 60d	44.9%	40.2%	54.7%	54.6%	41.0%
IV Rank	13.0%	1.3%	19.3%	13.3%	7.9%
IV Percentile	61.5%	1.7%	81.4%	67.2%	31.8%
Term Structure	1.1%	-4.8%	8.3%	4.4%	0.7%
VWIV	42.1%	39.0%	44.5%	42.3%	40.4%
Skew 25d	5.9%	0.3%	21.1%	1.8%	8.7%
Skew 10d	18.4%	1.2%	88.5%	2.7%	88.5%
Call IV 25d	36.5%	30.4%	44.2%	30.4%	38.6%
Put IV 25d	42.4%	31.9%	62.9%	32.2%	47.2%
Bid-Ask Spread %	46.16	9.25	99.88	9.25	23.43
Gamma HHI	0.42	0.35	0.52	0.50	0.39
Net GEX	21.4K	11.5K	34.6K	13.9K	26.5K
Net DEX	-1.1M	-1.6M	-588.7K	-633.3K	-906.1K
Net VEX	-5.6K	-6.0K	-5.2K	-6.0K	-5.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.09	0.00	1.33	0.00	0.00
Total Volume	62.591	0	238	49	120
Total OI	2,186.591	1,891	2,533	2,220	1,999

Daily Data (22 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
2013-07-01	$17.45	$15.00	39.2%	11.2%	48.4%	13.3%	0.0%	1.8%	4.4%	13.9K	-633.3K	-6.0K	0.00	9.25	49	0	1,301	919
2013-07-02	$17.43	$15.00	37.9%	10.9%	46.0%	12.2%	0.0%	1.3%	5.5%	13.5K	-609.5K	-5.9K	1.33	10.54	15	20	1,300	919
2013-07-03	$17.40	$15.00	38.0%	10.9%	44.5%	12.3%	0.0%	0.3%	3.6%	14.7K	-588.7K	-5.9K	0.00	11.79	32	0	1,313	939
2013-07-05	$17.60	$17.50	36.9%	12.2%	42.3%	11.4%	42.3%	4.9%	-0.1%	14.3K	-709.7K	-6.0K	0.00	18.01	13	0	1,342	939
2013-07-08	$18.12	$17.50	39.4%	12.8%	40.5%	13.4%	44.5%	6.7%	-0.3%	11.5K	-941.6K	-5.8K	0.06	14.41	70	4	1,343	939
2013-07-09	$18.30	$17.50	37.1%	12.5%	40.7%	11.6%	43.7%	5.4%	-0.4%	15.2K	-1.1M	-5.7K	0.00	17.95	63	0	1,393	941
2013-07-10	$18.56	$17.50	24.1%	12.5%	41.0%	1.3%	41.4%	2.9%	-1.1%	12.5K	-1.2M	-5.5K	0.00	24.22	63	0	1,373	941
2013-07-11	$18.76	$17.50	40.8%	11.7%	41.2%	14.5%	0.0%	6.9%	1.7%	14.6K	-1.3M	-5.5K	0.00	11.04	0	0	1,417	941
2013-07-12	$18.70	$17.50	43.5%	12.5%	39.9%	16.7%	43.8%	5.6%	-0.8%	15.1K	-1.3M	-5.5K	0.00	11.61	32	0	1,417	941
2013-07-15	$18.90	$17.50	39.0%	11.2%	38.7%	13.1%	42.0%	7.5%	2.3%	15.8K	-1.4M	-5.3K	0.00	12.02	188	0	1,415	941
2013-07-16	$19.03	$17.50	39.9%	11.4%	38.6%	13.8%	40.8%	11.3%	1.2%	22.9K	-1.6M	-5.4K	0.00	39.46	62	0	1,540	941
2013-07-17	$18.81	$17.50	41.9%	12.0%	38.7%	15.4%	0.0%	4.8%	-0.9%	24.2K	-1.5M	-5.4K	0.00	33.85	81	0	1,592	941
2013-07-18	$19.16	$17.50	35.6%	10.2%	38.2%	10.4%	43.2%	11.5%	4.9%	28.9K	-1.5M	-5.4K	0.04	89.67	228	10	1,538	939
2013-07-19	$18.82	$17.50	38.3%	11.0%	23.5%	12.6%	0.0%	2.5%	2.6%	23.9K	-1.2M	-5.2K	0.00	96.14	174	0	1,433	934
2013-07-22	$18.82	$17.50	39.8%	11.4%	23.6%	13.8%	0.0%	4.9%	0.6%	26.7K	-1.0M	-5.6K	0.00	82.57	4	0	1,154	740
2013-07-23	$18.81	$17.50	34.3%	9.8%	23.6%	9.4%	39.0%	3.1%	8.3%	29.1K	-1.0M	-5.5K	0.11	98.85	19	2	1,151	740
2013-07-24	$18.41	$17.50	43.1%	12.4%	25.0%	16.4%	0.0%	2.5%	-1.9%	27.4K	-918.6K	-5.6K	0.00	93.65	0	4	1,150	742
2013-07-25	$19.29	$17.50	34.5%	9.9%	27.0%	9.6%	0.0%	10.5%	4.5%	34.6K	-1.2M	-5.2K	0.17	99.88	18	3	1,150	746
2013-07-26	$18.60	$17.50	46.0%	13.2%	30.7%	18.7%	0.0%	5.7%	-2.3%	27.3K	-970.5K	-5.5K	0.00	97.67	0	0	1,152	749
2013-07-29	$18.47	$17.50	46.3%	13.3%	30.2%	19.0%	0.0%	0.4%	-4.6%	28.2K	-917.3K	-5.5K	0.00	97.20	3	0	1,152	749
2013-07-30	$18.50	$17.50	46.7%	13.4%	28.7%	19.3%	0.0%	21.1%	-4.8%	29.9K	-879.5K	-5.4K	0.00	22.26	0	100	1,150	749
2013-07-31	$18.76	$17.50	32.4%	9.3%	28.9%	7.9%	40.4%	8.7%	0.7%	26.5K	-906.1K	-5.5K	0.00	23.43	120	0	1,150	849