CSV Options History — April 2017

In April 2017, CSV traded between $26.31 and $28.60. ATM implied volatility averaged 30.3%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 11.6% (HV 20d: 18.7%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.12.

Notable Days

2017-04-11: Highest Volume — 1,955 contracts
2017-04-27: Largest IV spike — 118.9% change
2017-04-11: Highest IV Rank — 22.2%
2017-04-27: Largest Expected Move — 14.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.30	$26.31	$28.60	$26.79	$27.42
Max Pain	$25.29	$25.00	$30.00	$25.00	$25.00
ATM IV	30.3%	20.0%	51.5%	40.1%	20.0%
Expected Move	8.4%	5.7%	14.6%	11.5%	5.7%
HV 20d	18.7%	15.3%	26.6%	15.3%	26.6%
HV 60d	18.6%	17.5%	21.7%	17.6%	21.7%
IV Rank	7.9%	0.8%	22.2%	14.5%	0.8%
IV Percentile	33.6%	1.2%	78.6%	67.9%	1.2%
Term Structure	-1.4%	-49.2%	38.7%	-20.7%	7.7%
VWIV	33.3%	18.1%	79.1%	32.3%	22.5%
Skew 25d	1.9%	-91.6%	32.7%	4.9%	7.5%
Skew 10d	-0.4%	-107.0%	43.0%	9.9%	0.9%
Call IV 25d	29.9%	16.6%	114.4%	32.2%	19.4%
Put IV 25d	31.9%	20.3%	60.4%	37.2%	26.9%
Bid-Ask Spread %	104.92	75.60	129.64	110.02	75.60
Gamma HHI	0.51	0.48	0.57	0.49	0.54
Net GEX	222.3K	186.8K	274.7K	208.0K	229.9K
Net DEX	-7.0M	-9.1M	-4.2M	-4.7M	-7.8M
Net VEX	-20.6K	-24.3K	-17.7K	-18.9K	-20.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.12	0.01	0.39	0.39	0.05
Total Volume	1,168.789	615	1,955	615	1,218
Total OI	4,950.579	4,301	5,598	4,301	5,026

Daily Data (19 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
2017-04-03	$26.79	$25.00	40.1%	11.5%	15.3%	14.5%	32.3%	4.9%	-20.7%	208.0K	-4.7M	-18.9K	0.39	110.02	444	171	3,855	446
2017-04-04	$26.31	$25.00	30.7%	8.8%	16.9%	8.1%	31.2%	-15.7%	-20.4%	192.3K	-4.4M	-20.2K	0.39	115.76	444	171	3,855	446
2017-04-05	$26.33	$25.00	30.3%	8.7%	16.7%	7.9%	79.1%	-91.6%	-12.9%	190.0K	-4.4M	-19.7K	0.39	129.64	444	171	3,855	446
2017-04-06	$26.31	$0.00	28.1%	8.0%	16.0%	6.3%	0.0%	6.2%	-0.1%	188.2K	-4.2M	-19.6K	0.32	108.67	542	171	3,855	446
2017-04-07	$26.89	$0.00	27.1%	6.6%	17.7%	5.7%	0.0%	8.8%	6.5%	186.8K	-4.9M	-19.1K	0.21	110.66	811	171	3,942	446
2017-04-10	$27.09	$30.00	30.4%	9.2%	17.9%	7.9%	30.5%	12.3%	-1.2%	211.6K	-6.3M	-22.5K	0.06	100.89	986	62	4,539	446
2017-04-11	$27.70	$25.00	51.5%	9.2%	18.9%	22.2%	34.2%	21.0%	11.5%	274.7K	-8.1M	-24.3K	0.04	110.44	1,886	69	5,152	446
2017-04-12	$27.31	$25.00	23.1%	6.6%	19.7%	2.9%	22.3%	1.0%	13.3%	258.4K	-7.8M	-22.5K	0.05	108.28	1,376	69	4,843	459
2017-04-13	$27.14	$25.00	27.8%	8.0%	19.9%	6.1%	24.3%	5.6%	5.9%	254.1K	-7.7M	-22.4K	0.05	100.68	1,376	69	4,940	459
2017-04-17	$27.07	$25.00	34.1%	9.8%	18.8%	10.4%	27.2%	12.4%	-4.9%	231.7K	-7.7M	-22.0K	0.05	106.03	1,376	69	4,940	459
2017-04-18	$27.39	$25.00	29.1%	8.3%	19.3%	7.0%	18.1%	13.8%	5.5%	249.3K	-7.7M	-21.5K	0.05	99.70	1,278	69	4,942	459
2017-04-19	$27.38	$25.00	34.3%	9.8%	18.0%	10.6%	28.4%	5.5%	-6.2%	220.9K	-8.0M	-20.9K	0.05	98.79	1,278	69	4,942	459
2017-04-20	$27.53	$25.00	27.6%	7.9%	18.0%	6.0%	30.6%	3.6%	-4.6%	214.4K	-8.0M	-21.3K	0.05	101.36	1,268	69	4,941	459
2017-04-21	$27.66	$25.00	21.2%	6.1%	16.9%	1.6%	19.2%	13.8%	7.3%	216.2K	-8.2M	-20.8K	0.05	117.29	1,291	69	4,941	459
2017-04-24	$28.15	$25.00	22.7%	6.5%	17.4%	2.7%	40.5%	7.0%	0.1%	219.0K	-7.4M	-20.1K	0.03	96.29	1,169	36	4,163	434
2017-04-25	$28.57	$25.00	24.0%	6.9%	17.6%	3.5%	25.3%	32.7%	38.7%	198.0K	-8.9M	-17.7K	0.03	103.35	1,095	36	4,372	438
2017-04-26	$28.60	$25.00	23.3%	6.7%	17.6%	3.1%	29.0%	-2.1%	-2.8%	228.9K	-9.1M	-17.8K	0.01	100.52	1,160	7	4,507	438
2017-04-27	$27.13	$25.00	51.0%	14.6%	26.4%	21.9%	71.0%	-10.2%	-49.2%	251.8K	-7.2M	-19.1K	0.05	99.45	1,164	53	4,368	438
2017-04-28	$27.42	$25.00	20.0%	5.7%	26.6%	0.8%	22.5%	7.5%	7.7%	229.9K	-7.8M	-20.1K	0.05	75.60	1,165	53	4,538	488