CSV Options History — April 2014

In April 2014, CSV traded between $16.03 and $18.33. ATM implied volatility averaged 34.2%, placing in the 34.5% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 1.9% (HV 20d: 32.3%). Max pain ranged from $15.00 to $20.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.21.

Notable Days

2014-04-28: Highest Volume — 205 contracts
2014-04-10: Largest IV spike — 29.2% change
2014-04-23: Highest IV Rank — 41.7%
2014-04-23: Largest Expected Move — 10.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.44	$16.03	$18.33	$18.27	$16.09
Max Pain	$18.57	$15.00	$20.00	$15.00	$20.00
ATM IV	34.2%	26.2%	37.5%	36.7%	33.9%
Expected Move	10.0%	7.5%	10.8%	10.5%	9.7%
HV 20d	32.3%	21.0%	51.1%	51.0%	21.1%
HV 60d	37.1%	34.7%	37.8%	37.7%	34.7%
IV Rank	34.5%	17.0%	41.7%	39.9%	33.9%
IV Percentile	41.2%	7.5%	68.3%	56.0%	36.9%
Term Structure	0.7%	-3.6%	12.5%	0.0%	10.0%
VWIV	30.8%	22.9%	36.8%	36.8%	29.0%
Skew 25d	3.7%	-16.0%	36.5%	36.5%	13.5%
Skew 10d	9.1%	-5.4%	117.7%	117.7%	9.4%
Call IV 25d	30.6%	17.4%	41.1%	24.8%	24.8%
Put IV 25d	34.2%	25.1%	61.3%	61.3%	38.3%
Bid-Ask Spread %	89.98	28.69	105.30	100.04	53.57
Gamma HHI	0.61	0.47	0.85	0.55	0.64
Net GEX	60.3K	20.1K	179.2K	57.8K	29.4K
Net DEX	-1.5M	-2.3M	-593.5K	-2.2M	-739.4K
Net VEX	-3.3K	-4.1K	-2.8K	-4.1K	-3.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.21	0.00	1.80	0.00	0.00
Total Volume	37.81	0	205	50	125
Total OI	2,406.238	1,037	3,233	3,233	1,281

Daily Data (21 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
2014-04-01	$18.27	$15.00	36.7%	10.5%	51.0%	39.9%	0.0%	36.5%	0.0%	57.8K	-2.2M	-4.1K	0.00	100.04	50	0	2,208	1,025
2014-04-02	$18.33	$15.00	26.2%	7.5%	51.1%	17.0%	0.0%	10.3%	12.5%	60.1K	-2.3M	-3.6K	0.00	104.83	0	0	2,208	992
2014-04-03	$18.32	$15.00	30.2%	8.6%	46.7%	25.6%	0.0%	10.0%	8.8%	57.5K	-2.3M	-3.9K	0.00	102.13	20	0	2,208	992
2014-04-04	$17.99	$20.00	34.4%	10.0%	46.3%	34.8%	0.0%	-2.1%	-0.2%	62.6K	-2.1M	-3.8K	0.13	100.16	15	2	2,228	992
2014-04-07	$17.78	$20.00	30.7%	10.4%	45.4%	26.8%	0.0%	-2.8%	-0.5%	72.7K	-2.0M	-3.7K	0.00	98.23	0	0	2,228	990
2014-04-08	$18.09	$20.00	35.0%	10.3%	45.9%	36.2%	0.0%	3.2%	0.9%	60.2K	-2.2M	-3.8K	0.00	99.65	10	0	2,215	990
2014-04-09	$18.24	$20.00	27.9%	9.9%	45.7%	20.8%	0.0%	0.4%	0.1%	66.6K	-2.3M	-3.2K	0.00	99.32	0	0	2,225	990
2014-04-10	$17.85	$20.00	36.1%	10.3%	31.9%	38.5%	0.0%	7.8%	-1.4%	67.4K	-2.0M	-3.5K	0.00	103.81	0	0	2,225	990
2014-04-11	$17.56	$20.00	37.0%	10.6%	32.5%	40.5%	0.0%	5.3%	-2.5%	77.0K	-1.9M	-3.5K	0.00	101.99	0	0	2,225	990
2014-04-14	$17.33	$20.00	36.9%	10.6%	26.9%	40.2%	0.0%	2.9%	-3.3%	91.6K	-1.7M	-3.3K	0.00	102.15	0	20	2,225	990
2014-04-15	$17.30	$20.00	36.8%	10.5%	26.0%	40.1%	36.8%	1.3%	-1.1%	117.4K	-1.6M	-3.3K	0.00	102.92	0	6	2,225	982
2014-04-16	$17.44	$17.50	36.8%	10.6%	23.6%	40.1%	0.0%	2.1%	-2.4%	115.1K	-1.7M	-3.1K	0.00	103.18	4	0	2,204	984
2014-04-17	$17.60	$17.50	36.0%	10.3%	23.8%	38.4%	22.9%	10.2%	1.5%	179.2K	-1.9M	-3.1K	0.25	103.67	57	14	2,204	984
2014-04-21	$17.37	$17.50	34.4%	9.9%	24.2%	34.9%	34.4%	1.4%	1.5%	20.5K	-827.3K	-2.9K	0.55	103.68	11	6	883	154
2014-04-22	$17.34	$17.50	36.2%	10.4%	23.6%	38.7%	0.0%	4.5%	-0.6%	20.1K	-851.6K	-2.8K	0.00	105.30	0	0	886	160
2014-04-23	$17.04	$17.50	37.5%	10.8%	22.3%	41.7%	0.0%	1.3%	-3.6%	20.7K	-794.7K	-2.8K	0.03	103.05	30	1	886	160
2014-04-24	$17.02	$17.50	33.1%	9.5%	22.2%	31.9%	29.0%	-2.5%	1.4%	21.4K	-758.5K	-3.0K	1.80	28.69	5	9	916	161
2014-04-25	$16.96	$20.00	35.0%	10.0%	22.0%	36.1%	0.0%	-2.9%	0.1%	20.9K	-731.5K	-2.9K	0.00	58.69	2	0	911	168
2014-04-28	$16.34	$20.00	35.9%	10.3%	25.3%	38.1%	0.0%	-7.0%	-3.1%	22.3K	-593.5K	-2.8K	0.03	62.03	200	5	911	168
2014-04-29	$16.03	$20.00	32.0%	9.2%	21.0%	29.7%	0.0%	-16.0%	-2.7%	25.7K	-612.9K	-3.0K	0.01	52.57	200	2	994	173
2014-04-30	$16.09	$20.00	33.9%	9.7%	21.1%	33.9%	0.0%	13.5%	10.0%	29.4K	-739.4K	-3.2K	0.00	53.57	125	0	1,108	173