CSV Options History — October 2013

In October 2013, CSV traded between $18.53 and $20.18. ATM implied volatility averaged 35.3%, placing in the 10.7% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 12.8% (HV 20d: 22.5%). Max pain ranged from $17.50 to $17.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.10.

Notable Days

2013-10-15: Highest Volume — 170 contracts
2013-10-10: Largest IV spike — 35.2% change
2013-10-31: Highest IV Rank — 13.8%
2013-10-09: Largest Expected Move — 11.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.55	$18.53	$20.18	$19.80	$20.09
Max Pain	$17.50	$17.50	$17.50	$17.50	$17.50
ATM IV	35.3%	26.8%	38.4%	34.1%	38.0%
Expected Move	10.6%	9.2%	11.8%	9.8%	10.9%
HV 20d	22.5%	15.0%	25.3%	22.2%	21.3%
HV 60d	26.5%	23.0%	28.4%	27.0%	23.0%
IV Rank	10.7%	3.4%	13.8%	9.2%	13.8%
IV Percentile	44.1%	4.9%	62.3%	37.0%	62.3%
Term Structure	-0.1%	-3.2%	4.8%	4.8%	-2.5%
VWIV	37.5%	31.9%	41.6%	31.9%	36.9%
Skew 25d	4.8%	-3.0%	14.1%	-0.4%	3.5%
Skew 10d	8.0%	-0.8%	34.9%	0.9%	5.5%
Call IV 25d	31.6%	25.9%	39.2%	28.9%	35.2%
Put IV 25d	36.4%	28.4%	43.0%	28.5%	38.7%
Bid-Ask Spread %	73.10	18.24	103.55	19.91	102.07
Gamma HHI	0.48	0.40	0.64	0.49	0.45
Net GEX	30.1K	21.4K	45.1K	34.4K	26.1K
Net DEX	-2.0M	-2.4M	-1.5M	-2.1M	-2.1M
Net VEX	-3.9K	-4.8K	-2.9K	-4.4K	-3.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.10	0.00	1.00	0.00	0.00
Total Volume	26.522	0	170	15	5
Total OI	2,095.391	1,739	2,436	2,277	1,787

Daily Data (23 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
2013-10-01	$19.80	$17.50	34.1%	9.8%	22.2%	9.2%	0.0%	-0.4%	4.8%	34.4K	-2.1M	-4.4K	0.00	19.91	15	0	1,558	719
2013-10-02	$19.42	$17.50	35.3%	10.1%	23.8%	10.2%	0.0%	-1.2%	4.2%	33.1K	-2.0M	-4.4K	0.00	100.60	30	0	1,562	719
2013-10-03	$19.22	$17.50	31.9%	9.2%	24.4%	7.5%	31.9%	-3.0%	4.6%	34.6K	-1.9M	-4.6K	0.00	46.26	36	0	1,572	719
2013-10-04	$19.28	$17.50	30.1%	10.7%	15.0%	6.0%	0.0%	14.1%	-0.2%	33.9K	-2.0M	-4.4K	0.00	92.60	20	0	1,560	719
2013-10-07	$18.75	$17.50	30.5%	11.0%	18.2%	6.3%	0.0%	1.9%	-1.3%	31.5K	-1.7M	-4.4K	0.00	91.82	15	0	1,550	719
2013-10-08	$18.53	$17.50	29.6%	10.9%	18.7%	5.6%	0.0%	-1.6%	0.2%	29.0K	-1.5M	-4.8K	0.00	93.52	0	6	1,550	719
2013-10-09	$18.74	$17.50	26.8%	11.8%	19.1%	3.4%	41.6%	3.7%	-0.3%	27.7K	-1.7M	-4.1K	0.00	18.24	0	35	1,550	713
2013-10-10	$19.31	$17.50	36.2%	10.4%	21.9%	10.9%	0.0%	7.2%	1.2%	35.3K	-1.9M	-4.0K	0.00	45.61	20	0	1,550	743
2013-10-11	$19.42	$17.50	38.4%	11.0%	22.0%	12.7%	0.0%	13.4%	-0.5%	35.8K	-2.0M	-3.9K	1.00	91.96	10	10	1,540	743
2013-10-14	$19.20	$17.50	36.6%	10.5%	22.4%	11.2%	0.0%	8.2%	0.8%	33.5K	-1.9M	-3.8K	0.00	97.12	2	0	1,543	733
2013-10-15	$19.06	$17.50	38.3%	11.0%	22.6%	12.6%	39.8%	7.5%	-1.7%	29.2K	-1.8M	-3.6K	0.06	41.82	160	10	1,543	733
2013-10-16	$19.17	$17.50	37.4%	10.7%	22.7%	11.8%	0.0%	7.5%	-0.8%	33.6K	-2.1M	-4.3K	0.67	90.00	15	10	1,693	743
2013-10-17	$19.75	$17.50	37.5%	10.7%	24.9%	11.9%	0.0%	11.3%	-1.2%	40.3K	-2.3M	-3.7K	0.00	78.54	127	0	1,640	727
2013-10-18	$19.68	$17.50	35.4%	10.1%	24.8%	10.2%	0.0%	8.6%	1.7%	45.1K	-2.4M	-4.0K	0.00	50.28	0	0	1,700	717
2013-10-21	$20.00	$17.50	36.9%	10.6%	25.3%	11.4%	0.0%	10.0%	-0.6%	21.4K	-1.9M	-3.8K	0.00	39.50	23	0	1,265	474
2013-10-22	$19.97	$17.50	37.7%	10.8%	25.2%	13.5%	0.0%	1.8%	-2.0%	22.6K	-2.0M	-3.8K	0.00	98.19	0	0	1,288	474
2013-10-23	$20.00	$17.50	36.0%	10.3%	25.2%	12.0%	0.0%	4.4%	0.3%	23.0K	-2.0M	-3.8K	0.00	28.23	0	0	1,288	474
2013-10-24	$20.08	$17.50	36.7%	10.5%	25.1%	12.6%	0.0%	2.7%	-1.1%	22.8K	-2.0M	-3.6K	0.00	54.11	10	0	1,288	474
2013-10-25	$20.18	$17.50	38.0%	10.9%	25.1%	13.8%	38.0%	5.2%	-3.2%	23.5K	-2.1M	-3.3K	0.00	98.11	18	0	1,298	474
2013-10-28	$19.98	$17.50	37.0%	10.6%	24.0%	12.8%	0.0%	0.1%	-2.3%	25.1K	-2.0M	-3.3K	0.00	99.03	12	0	1,308	474
2013-10-29	$20.00	$17.50	37.2%	10.7%	23.0%	13.0%	36.8%	2.9%	-1.3%	24.7K	-2.0M	-3.3K	0.00	100.31	11	0	1,300	474
2013-10-30	$20.05	$17.50	36.9%	10.6%	21.8%	12.8%	36.9%	2.3%	-0.5%	25.8K	-2.1M	-2.9K	0.00	103.55	10	0	1,303	474
2013-10-31	$20.09	$17.50	38.0%	10.9%	21.3%	13.8%	0.0%	3.5%	-2.5%	26.1K	-2.1M	-3.3K	0.00	102.07	5	0	1,313	474