CSV Options History — April 2015

In April 2015, CSV traded between $23.25 and $24.26. ATM implied volatility averaged 23.1%, placing in the 15.7% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 4.7% (HV 20d: 18.4%). Max pain ranged from $17.50 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.29.

Notable Days

2015-04-01: Highest Volume — 283 contracts
2015-04-06: Largest IV spike — 38.3% change
2015-04-20: Highest IV Rank — 29.0%
2015-04-20: Largest Expected Move — 8.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$23.77	$23.25	$24.26	$23.54	$23.69
Max Pain	$24.64	$17.50	$25.00	$17.50	$25.00
ATM IV	23.1%	17.5%	28.5%	20.6%	19.6%
Expected Move	6.7%	5.0%	8.2%	5.9%	5.6%
HV 20d	18.4%	15.1%	21.2%	17.2%	19.2%
HV 60d	19.8%	17.8%	21.3%	21.3%	17.8%
IV Rank	15.7%	1.7%	29.0%	9.6%	7.0%
IV Percentile	18.5%	0.8%	48.0%	5.2%	3.2%
Term Structure	1.2%	-0.7%	7.0%	4.3%	6.6%
VWIV	21.3%	15.8%	25.2%	21.1%	18.2%
Skew 25d	1.8%	-3.8%	9.7%	0.1%	3.8%
Skew 10d	0.6%	-8.5%	16.1%	5.5%	5.5%
Call IV 25d	22.8%	15.7%	26.9%	19.5%	17.4%
Put IV 25d	24.7%	19.6%	29.4%	19.6%	21.2%
Bid-Ask Spread %	94.57	78.64	105.48	105.48	96.10
Gamma HHI	0.75	0.50	0.98	0.50	0.97
Net GEX	86.4K	59.3K	126.0K	112.9K	65.1K
Net DEX	-1.7M	-2.4M	-1.0M	-2.0M	-1.0M
Net VEX	-6.9K	-7.5K	-6.4K	-7.5K	-6.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.29	0.13	0.45	0.13	0.45
Total Volume	143.714	0	283	283	55
Total OI	1,446	1,113	1,702	1,675	1,128

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
2015-04-01	$23.54	$17.50	20.6%	5.9%	17.2%	9.6%	21.1%	0.1%	4.3%	112.9K	-2.0M	-7.5K	0.13	105.48	251	32	1,633	42
2015-04-02	$23.58	$25.00	20.3%	7.7%	17.2%	8.6%	22.0%	3.1%	-0.1%	110.5K	-2.1M	-7.3K	0.13	92.81	251	32	1,633	42
2015-04-06	$23.59	$25.00	28.0%	7.4%	16.6%	27.9%	22.6%	2.1%	-0.2%	110.1K	-2.0M	-7.4K	0.13	96.42	251	32	1,633	42
2015-04-07	$23.39	$25.00	26.1%	7.5%	15.1%	23.0%	17.9%	0.3%	-0.1%	117.8K	-1.9M	-7.3K	0.23	94.41	141	32	1,633	42
2015-04-08	$23.55	$25.00	25.5%	7.3%	15.3%	21.6%	0.0%	9.7%	0.4%	114.8K	-2.0M	-7.3K	0.00	103.60	0	0	1,643	41
2015-04-09	$23.50	$25.00	25.3%	7.3%	15.2%	21.1%	23.7%	-0.1%	0.1%	105.3K	-2.1M	-6.9K	0.29	93.73	112	32	1,643	42
2015-04-10	$23.65	$25.00	25.2%	7.2%	15.4%	20.9%	22.1%	2.1%	0.3%	107.5K	-2.1M	-7.0K	0.29	99.94	112	32	1,648	42
2015-04-13	$23.58	$25.00	26.1%	7.5%	15.1%	23.1%	15.8%	3.1%	-0.4%	106.9K	-2.1M	-6.9K	0.15	100.99	207	32	1,648	42
2015-04-14	$23.25	$25.00	25.3%	7.2%	15.7%	21.0%	17.5%	0.1%	1.5%	126.0K	-2.0M	-6.5K	0.16	96.04	205	32	1,648	42
2015-04-15	$24.08	$25.00	21.6%	6.2%	20.3%	11.9%	21.5%	4.4%	1.6%	83.5K	-2.3M	-6.9K	0.16	101.24	205	32	1,652	42
2015-04-16	$24.09	$25.00	22.5%	6.4%	20.0%	14.2%	22.9%	3.1%	1.6%	79.9K	-2.4M	-7.0K	0.15	78.64	213	32	1,652	42
2015-04-17	$23.58	$25.00	25.9%	7.4%	21.2%	22.6%	25.2%	-0.1%	1.2%	59.3K	-2.2M	-6.7K	0.15	95.15	213	32	1,660	42
2015-04-20	$23.74	$25.00	28.5%	8.2%	20.9%	29.0%	23.6%	4.7%	0.3%	61.2K	-1.1M	-6.6K	0.42	97.06	40	17	1,096	17
2015-04-21	$23.88	$25.00	23.9%	6.8%	21.1%	17.6%	24.1%	-3.3%	-0.7%	62.7K	-1.1M	-6.8K	0.42	102.85	40	17	1,111	17
2015-04-22	$24.26	$25.00	21.5%	6.2%	20.8%	11.6%	21.6%	6.2%	1.3%	64.4K	-1.2M	-7.0K	0.42	86.85	40	17	1,111	17
2015-04-23	$24.14	$25.00	18.7%	5.4%	20.6%	4.7%	20.9%	5.1%	2.1%	64.1K	-1.2M	-6.8K	0.42	86.99	40	17	1,111	17
2015-04-24	$24.10	$25.00	23.2%	6.6%	20.6%	15.8%	23.5%	-3.7%	-0.4%	65.6K	-1.2M	-6.8K	0.42	86.84	40	17	1,111	17
2015-04-27	$23.88	$25.00	20.8%	6.0%	20.8%	10.0%	23.1%	-3.8%	-0.1%	64.8K	-1.1M	-6.7K	0.45	88.77	38	17	1,111	17
2015-04-28	$24.08	$25.00	19.8%	5.7%	19.7%	7.5%	22.1%	-2.0%	-0.4%	66.4K	-1.2M	-6.7K	0.45	89.11	38	17	1,111	17
2015-04-29	$24.02	$25.00	17.5%	5.0%	19.2%	1.7%	17.0%	3.6%	7.0%	66.3K	-1.1M	-6.6K	0.45	93.06	38	17	1,111	17
2015-04-30	$23.69	$25.00	19.6%	5.6%	19.2%	7.0%	18.2%	3.8%	6.6%	65.1K	-1.0M	-6.4K	0.45	96.10	38	17	1,111	17