CSV Options History — May 2015

In May 2015, CSV traded between $23.61 and $25.45. ATM implied volatility averaged 23.3%, placing in the 16.2% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 5.7% (HV 20d: 17.6%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 1.11.

Notable Days

2015-05-20: Highest Volume — 85 contracts
2015-05-12: Largest IV spike — 48.1% change
2015-05-12: Highest IV Rank — 37.6%
2015-05-04: Largest Expected Move — 7.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.72	$23.61	$25.45	$23.61	$24.85
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	23.3%	17.3%	31.9%	23.3%	21.4%
Expected Move	6.6%	6.1%	7.7%	6.7%	6.1%
HV 20d	17.6%	14.8%	21.3%	19.2%	15.1%
HV 60d	17.7%	17.0%	18.1%	17.6%	17.0%
IV Rank	16.2%	1.2%	37.6%	16.3%	11.5%
IV Percentile	23.6%	0.8%	68.3%	21.0%	10.7%
Term Structure	0.0%	-3.0%	2.2%	0.4%	-0.0%
VWIV	23.4%	23.4%	23.4%	23.4%	23.4%
Skew 25d	2.3%	-6.3%	35.8%	-0.0%	35.8%
Skew 10d	4.2%	-10.2%	51.9%	6.5%	51.9%
Call IV 25d	23.7%	20.4%	28.4%	23.3%	24.8%
Put IV 25d	26.0%	20.7%	60.6%	23.3%	60.6%
Bid-Ask Spread %	90.39	78.11	108.68	108.68	86.52
Gamma HHI	0.98	0.97	0.99	0.97	0.98
Net GEX	75.1K	63.0K	90.3K	63.0K	79.4K
Net DEX	-1.4M	-1.6M	-993.9K	-999.7K	-1.4M
Net VEX	-6.6K	-6.8K	-6.2K	-6.3K	-6.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.11	0.00	1.83	0.45	1.83
Total Volume	56.3	0	85	55	85
Total OI	1,153.4	1,124	1,169	1,128	1,169

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
2015-05-01	$23.61	$25.00	23.3%	6.7%	19.2%	16.3%	23.4%	-0.0%	0.4%	63.0K	-999.7K	-6.3K	0.45	108.68	38	17	1,111	17
2015-05-04	$23.65	$0.00	26.8%	7.7%	19.2%	24.9%	0.0%	3.5%	-0.6%	63.9K	-1.0M	-6.3K	0.00	78.98	0	0	1,111	17
2015-05-05	$23.63	$0.00	31.1%	7.1%	18.9%	35.6%	0.0%	0.5%	-0.9%	63.8K	-993.9K	-6.2K	0.44	78.11	39	17	1,111	17
2015-05-06	$24.30	$0.00	23.1%	6.5%	21.2%	15.7%	0.0%	2.4%	2.2%	69.0K	-1.2M	-6.6K	0.44	86.55	39	17	1,112	17
2015-05-07	$24.49	$0.00	17.3%	6.5%	21.3%	1.2%	0.0%	3.4%	1.5%	72.2K	-1.3M	-6.7K	0.50	89.50	54	27	1,107	17
2015-05-08	$24.47	$0.00	17.3%	6.3%	21.2%	1.3%	0.0%	5.3%	0.9%	74.1K	-1.3M	-6.8K	0.00	79.03	3	0	1,132	27
2015-05-11	$24.47	$0.00	21.6%	6.7%	21.2%	11.9%	0.0%	3.3%	0.3%	75.1K	-1.3M	-6.7K	0.00	90.44	0	0	1,135	27
2015-05-12	$24.39	$0.00	31.9%	6.3%	20.4%	37.6%	0.0%	5.3%	2.2%	75.9K	-1.2M	-6.6K	0.82	85.87	33	27	1,140	27
2015-05-13	$24.51	$0.00	23.6%	6.8%	16.5%	17.0%	0.0%	3.6%	-0.5%	75.2K	-1.3M	-6.6K	0.82	106.02	33	27	1,141	27
2015-05-14	$24.99	$0.00	22.1%	6.3%	17.7%	13.3%	0.0%	-2.2%	0.3%	90.3K	-1.5M	-6.7K	0.79	92.52	34	27	1,141	27
2015-05-15	$25.19	$0.00	22.3%	6.4%	15.5%	13.7%	0.0%	-1.5%	0.1%	77.9K	-1.6M	-6.7K	0.64	93.86	42	27	1,139	27
2015-05-18	$25.40	$0.00	24.0%	6.9%	15.6%	18.0%	0.0%	-0.1%	-3.0%	77.6K	-1.6M	-6.6K	0.00	92.96	0	0	1,104	25
2015-05-19	$25.39	$0.00	22.6%	6.5%	15.6%	14.5%	0.0%	-1.5%	-0.2%	77.6K	-1.6M	-6.6K	0.00	93.61	0	30	1,104	25
2015-05-20	$25.32	$0.00	24.4%	7.0%	15.0%	18.8%	0.0%	-6.3%	-1.1%	75.8K	-1.5M	-6.8K	1.83	103.94	30	55	1,114	55
2015-05-21	$25.45	$0.00	23.5%	6.7%	14.8%	16.6%	0.0%	-1.7%	-0.3%	77.4K	-1.6M	-6.7K	1.83	94.87	30	55	1,114	55
2015-05-22	$25.35	$0.00	22.4%	6.4%	14.9%	14.0%	0.0%	-1.4%	-0.4%	77.4K	-1.6M	-6.8K	1.83	87.17	30	55	1,114	55
2015-05-26	$24.93	$0.00	22.3%	6.4%	15.9%	13.6%	0.0%	-3.7%	-0.4%	79.5K	-1.4M	-6.6K	1.83	85.86	30	55	1,114	55
2015-05-27	$25.10	$0.00	22.3%	6.4%	15.8%	13.7%	0.0%	5.1%	-0.6%	78.5K	-1.5M	-6.6K	1.83	87.54	30	55	1,114	55
2015-05-28	$24.95	$0.00	22.4%	6.4%	16.0%	14.1%	0.0%	-3.4%	0.5%	78.2K	-1.4M	-6.6K	1.83	85.76	30	55	1,114	55
2015-05-29	$24.85	$0.00	21.4%	6.1%	15.1%	11.5%	0.0%	35.8%	-0.0%	79.4K	-1.4M	-6.5K	1.83	86.52	30	55	1,114	55