CSV Options History — March 2018

In March 2018, CSV traded between $27.48 and $28.46. ATM implied volatility averaged 25.2%, placing in the 18.5% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 4.9% (HV 20d: 20.3%). Max pain ranged from $22.50 to $22.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.05.

Notable Days

2018-03-27: Highest Volume — 550 contracts
2018-03-14: Largest IV drop — 59.9% change
2018-03-13: Highest IV Rank — 54.0%
2018-03-01: Largest Expected Move — 8.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.97	$27.48	$28.46	$27.55	$27.64
Max Pain	$22.50	$22.50	$22.50	$22.50	$22.50
ATM IV	25.2%	14.2%	47.8%	28.0%	16.6%
Expected Move	5.5%	4.1%	8.0%	8.0%	4.7%
HV 20d	20.3%	12.9%	27.8%	27.5%	13.0%
HV 60d	19.8%	19.5%	20.0%	20.0%	19.5%
IV Rank	18.5%	4.8%	54.0%	16.1%	9.4%
IV Percentile	42.1%	0.4%	96.0%	66.3%	5.2%
Term Structure	2.6%	-3.4%	11.2%	-3.4%	10.0%
VWIV	24.3%	18.4%	33.4%	23.7%	27.0%
Skew 25d	3.5%	-4.0%	35.4%	3.6%	6.4%
Skew 10d	3.5%	-7.4%	57.9%	0.9%	8.6%
Call IV 25d	20.6%	14.6%	32.5%	31.9%	15.9%
Put IV 25d	24.1%	14.4%	68.0%	35.5%	22.2%
Bid-Ask Spread %	95.66	37.98	116.21	116.21	87.46
Gamma HHI	0.40	0.37	0.42	0.40	0.42
Net GEX	28.1K	22.9K	34.7K	34.7K	26.5K
Net DEX	-1.9M	-2.0M	-1.7M	-1.7M	-2.0M
Net VEX	-1.8K	-2.3K	-1.5K	-2.3K	-2.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.05	0.05	0.05	0.05	0.05
Total Volume	514.667	505	550	514	530
Total OI	829.238	823	893	824	893

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
2018-03-01	$27.55	$0.00	28.0%	8.0%	27.5%	16.1%	0.0%	3.6%	-3.4%	34.7K	-1.7M	-2.3K	0.05	116.21	490	24	801	23
2018-03-02	$27.92	$0.00	25.2%	7.2%	27.7%	13.3%	0.0%	9.7%	-3.2%	30.9K	-1.8M	-2.2K	0.05	111.29	490	24	802	23
2018-03-05	$27.70	$22.50	31.3%	5.6%	27.8%	19.4%	23.7%	-1.4%	0.8%	29.8K	-1.8M	-1.9K	0.05	104.19	490	24	801	23
2018-03-06	$28.07	$22.50	34.1%	5.4%	25.7%	22.2%	22.2%	-3.2%	-0.7%	34.1K	-1.8M	-1.9K	0.05	103.72	490	24	801	23
2018-03-07	$28.00	$22.50	33.6%	5.2%	25.7%	21.7%	25.9%	-0.7%	-2.9%	29.8K	-1.8M	-1.9K	0.05	101.84	490	24	801	23
2018-03-08	$27.97	$22.50	32.7%	5.1%	25.5%	20.8%	25.5%	-1.5%	-2.4%	29.2K	-1.9M	-1.9K	0.05	104.56	490	24	801	23
2018-03-09	$28.09	$22.50	32.2%	5.2%	24.6%	20.3%	27.6%	-1.5%	1.5%	28.9K	-1.9M	-1.9K	0.05	104.69	490	24	801	23
2018-03-12	$28.29	$22.50	43.5%	5.1%	24.5%	47.6%	22.9%	-0.8%	1.1%	28.2K	-1.9M	-1.8K	0.05	102.18	490	24	801	23
2018-03-13	$28.01	$22.50	47.8%	5.4%	24.5%	54.0%	21.1%	2.0%	1.8%	26.0K	-1.9M	-1.6K	0.05	103.43	490	24	801	23
2018-03-14	$28.37	$22.50	19.2%	5.5%	24.5%	11.2%	19.5%	35.4%	1.3%	22.9K	-1.9M	-1.5K	0.05	107.96	490	24	801	23
2018-03-15	$28.34	$22.50	19.1%	5.5%	24.4%	14.4%	22.0%	-0.5%	-0.6%	28.1K	-1.9M	-1.6K	0.05	103.75	490	24	801	23
2018-03-16	$28.42	$22.50	14.2%	4.1%	22.4%	4.8%	19.3%	2.3%	6.5%	25.2K	-1.9M	-1.6K	0.05	67.22	490	24	801	23
2018-03-19	$28.46	$22.50	17.4%	5.0%	13.0%	11.0%	18.4%	-3.6%	3.3%	27.5K	-1.9M	-1.6K	0.05	37.98	481	24	800	23
2018-03-20	$28.20	$22.50	14.6%	4.2%	13.5%	5.7%	23.4%	-4.0%	5.4%	26.4K	-1.9M	-1.7K	0.05	77.01	481	24	801	23
2018-03-21	$28.20	$22.50	17.3%	5.0%	12.9%	10.9%	24.8%	-0.3%	1.9%	25.9K	-1.9M	-1.6K	0.05	82.02	481	24	801	23
2018-03-22	$27.87	$22.50	14.6%	4.2%	13.7%	5.7%	22.7%	4.2%	11.2%	23.7K	-1.8M	-1.6K	0.05	95.61	481	24	801	23
2018-03-23	$27.50	$22.50	18.6%	5.3%	14.5%	13.3%	20.0%	2.8%	6.4%	24.3K	-1.8M	-1.7K	0.05	67.87	481	24	800	23
2018-03-26	$27.62	$22.50	20.9%	6.0%	14.0%	17.8%	31.6%	10.7%	8.7%	28.5K	-1.8M	-1.7K	0.05	109.06	481	24	800	23
2018-03-27	$27.48	$22.50	26.2%	7.5%	14.0%	28.2%	30.6%	7.0%	-1.6%	27.8K	-1.8M	-1.6K	0.05	109.42	526	24	800	23
2018-03-28	$27.70	$22.50	22.1%	6.4%	13.5%	20.3%	33.4%	7.6%	10.0%	31.2K	-1.9M	-2.1K	0.05	111.44	506	24	845	23
2018-03-29	$27.64	$22.50	16.6%	4.7%	13.0%	9.4%	27.0%	6.4%	10.0%	26.5K	-2.0M	-2.0K	0.05	87.46	506	24	870	23