CSV Options History — November 2017

In November 2017, CSV traded between $24.57 and $25.91. ATM implied volatility averaged 21.4%, placing in the 5.8% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded below realized volatility by 6.5% (HV 20d: 27.9%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 5.09.

Notable Days

2017-11-15: Highest Volume — 688 contracts
2017-11-09: Largest IV drop — 11.5% change
2017-11-03: Highest IV Rank — 9.5%
2017-11-01: Largest Expected Move — 7.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.15	$24.57	$25.91	$25.69	$25.61
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	21.4%	19.4%	25.4%	24.6%	20.1%
Expected Move	6.0%	5.6%	7.0%	7.0%	5.7%
HV 20d	27.9%	14.5%	32.2%	32.0%	16.0%
HV 60d	21.7%	21.3%	22.5%	21.3%	22.4%
IV Rank	5.8%	3.9%	9.5%	8.8%	4.6%
IV Percentile	11.6%	2.0%	33.3%	28.6%	6.0%
Term Structure	-0.9%	-4.6%	4.0%	-4.3%	2.4%
VWIV	21.0%	18.1%	24.7%	24.7%	21.1%
Skew 25d	-1.7%	-8.4%	14.1%	14.1%	-5.9%
Skew 10d	1.0%	-13.9%	61.4%	61.4%	-0.7%
Call IV 25d	23.2%	17.0%	33.9%	33.9%	27.3%
Put IV 25d	21.5%	15.8%	48.0%	48.0%	21.4%
Bid-Ask Spread %	66.82	18.60	117.28	101.58	107.99
Gamma HHI	0.96	0.91	0.99	0.92	0.97
Net GEX	42.7K	5.0K	57.0K	37.0K	50.8K
Net DEX	-706.4K	-1.3M	-108.5K	-1.1M	-999.0K
Net VEX	-5.5K	-6.5K	-4.2K	-6.5K	-4.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.09	0.56	10.83	10.83	0.88
Total Volume	413.571	270	688	284	490
Total OI	1,462.524	1,303	1,601	1,592	1,306

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
2017-11-01	$25.69	$25.00	24.6%	7.0%	32.0%	8.8%	24.7%	14.1%	-4.3%	37.0K	-1.1M	-6.5K	10.83	101.58	24	260	1,062	530
2017-11-02	$25.91	$25.00	23.1%	6.3%	32.1%	7.4%	22.0%	3.0%	-0.3%	42.4K	-1.3M	-6.3K	10.83	89.18	24	260	1,062	530
2017-11-03	$25.75	$25.00	25.4%	6.5%	31.8%	9.5%	22.6%	2.8%	-0.2%	39.9K	-1.2M	-6.4K	10.83	32.92	24	260	1,062	530
2017-11-06	$25.70	$25.00	23.8%	6.3%	31.8%	8.0%	22.0%	3.2%	-0.4%	40.8K	-1.2M	-6.3K	10.83	77.89	24	260	1,062	530
2017-11-07	$25.40	$25.00	24.0%	6.2%	31.8%	8.2%	21.7%	2.1%	-0.0%	37.1K	-944.1K	-6.3K	10.83	38.26	24	260	1,062	530
2017-11-08	$25.16	$25.00	23.0%	6.6%	31.9%	7.3%	22.2%	-4.9%	-2.6%	33.7K	-773.4K	-6.3K	10.25	65.98	24	246	1,062	530
2017-11-09	$25.01	$25.00	20.3%	5.8%	31.9%	4.8%	19.7%	0.7%	-2.3%	57.0K	-663.6K	-6.3K	10.25	117.28	24	246	1,062	539
2017-11-10	$24.88	$25.00	21.3%	6.1%	31.9%	5.8%	19.7%	-4.1%	-4.6%	51.3K	-608.9K	-6.2K	10.25	115.21	24	246	1,062	539
2017-11-13	$24.63	$25.00	20.9%	6.0%	32.0%	5.3%	18.1%	-5.5%	-3.5%	29.0K	-591.8K	-6.0K	10.25	107.16	24	246	1,061	539
2017-11-14	$24.57	$25.00	21.8%	6.2%	31.6%	6.2%	21.8%	4.1%	-0.8%	25.7K	-325.0K	-5.9K	2.86	81.68	86	246	1,061	539
2017-11-15	$24.65	$25.00	20.1%	5.8%	31.7%	4.6%	20.1%	-8.4%	-1.0%	21.1K	-278.2K	-5.5K	0.56	37.28	442	246	989	539
2017-11-16	$24.64	$25.00	19.5%	5.6%	31.6%	4.1%	19.5%	-5.1%	-0.4%	5.0K	-108.5K	-4.9K	0.56	18.60	442	246	861	539
2017-11-17	$25.00	$25.00	19.4%	5.6%	31.9%	4.0%	19.4%	-3.5%	-0.4%	48.8K	-508.5K	-4.9K	0.76	52.87	324	246	861	538
2017-11-20	$24.76	$25.00	19.8%	5.7%	31.9%	4.3%	19.8%	-7.5%	-1.0%	53.3K	-436.9K	-4.9K	0.87	97.32	260	227	883	420
2017-11-21	$25.07	$25.00	20.0%	5.7%	32.2%	4.5%	20.0%	-4.8%	-0.3%	52.0K	-601.7K	-4.9K	0.87	37.11	261	227	883	420
2017-11-22	$24.98	$25.00	19.4%	5.6%	31.2%	4.0%	19.4%	-3.8%	-0.9%	54.9K	-571.7K	-4.8K	0.87	18.87	261	227	884	420
2017-11-24	$24.74	$25.00	19.4%	5.6%	14.6%	3.9%	19.4%	-6.8%	1.4%	49.4K	-382.9K	-4.7K	0.87	100.63	261	227	884	420
2017-11-27	$24.94	$25.00	20.8%	6.0%	14.5%	5.3%	20.8%	-7.4%	-2.1%	56.2K	-535.0K	-4.6K	0.87	38.89	261	227	884	420
2017-11-28	$25.19	$25.00	21.6%	6.2%	14.9%	6.0%	21.6%	-3.0%	-2.3%	56.1K	-709.9K	-4.5K	0.87	22.36	261	227	884	420
2017-11-29	$25.82	$25.00	21.7%	6.2%	16.0%	6.1%	24.6%	6.1%	4.0%	56.1K	-1.0M	-4.3K	0.88	44.20	261	229	884	420
2017-11-30	$25.61	$25.00	20.1%	5.7%	16.0%	4.6%	21.1%	-5.9%	2.4%	50.8K	-999.0K	-4.2K	0.88	107.99	261	229	884	422