CSV Options History — April 2018

In April 2018, CSV traded between $25.98 and $28.53. ATM implied volatility averaged 24.0%, placing in the 23.9% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 10.4% (HV 20d: 13.6%). Max pain ranged from $22.50 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.25.

Notable Days

2018-04-19: Highest Volume — 568 contracts
2018-04-03: Largest IV spike — 30.6% change
2018-04-03: Highest IV Rank — 35.3%
2018-04-03: Largest Expected Move — 8.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.74	$25.98	$28.53	$27.30	$25.98
Max Pain	$26.73	$22.50	$30.00	$22.50	$25.00
ATM IV	24.0%	17.2%	29.8%	22.9%	26.2%
Expected Move	7.2%	5.6%	8.6%	6.6%	7.5%
HV 20d	13.6%	10.9%	22.6%	12.8%	22.6%
HV 60d	19.3%	18.4%	21.8%	19.6%	21.8%
IV Rank	23.9%	10.7%	35.3%	21.7%	28.2%
IV Percentile	44.5%	6.0%	77.8%	31.3%	61.5%
Term Structure	-2.5%	-8.7%	10.3%	5.0%	-3.1%
VWIV	28.5%	13.9%	46.1%	24.5%	26.2%
Skew 25d	3.9%	-15.2%	18.6%	1.7%	4.5%
Skew 10d	4.4%	-14.3%	27.3%	3.4%	4.3%
Call IV 25d	25.7%	16.4%	33.5%	17.3%	21.7%
Put IV 25d	29.6%	13.8%	48.6%	19.0%	26.2%
Bid-Ask Spread %	71.66	15.61	111.65	51.98	15.61
Gamma HHI	0.42	0.38	0.49	0.47	0.46
Net GEX	24.5K	18.4K	38.6K	27.6K	21.3K
Net DEX	-1.8M	-2.3M	-890.7K	-1.9M	-890.7K
Net VEX	-2.3K	-2.6K	-2.0K	-2.1K	-2.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.25	0.05	0.61	0.05	0.55
Total Volume	470.571	257	568	540	300
Total OI	888.095	635	1,063	893	646

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
2018-04-02	$27.30	$22.50	22.9%	6.6%	12.8%	21.7%	24.5%	1.7%	5.0%	27.6K	-1.9M	-2.1K	0.05	51.98	516	24	870	23
2018-04-03	$27.32	$22.50	29.8%	8.6%	12.5%	35.3%	42.2%	16.9%	8.0%	38.6K	-1.9M	-2.5K	0.05	69.49	516	24	905	23
2018-04-04	$27.68	$22.50	21.1%	6.1%	12.5%	18.3%	46.1%	15.8%	10.3%	35.9K	-2.0M	-2.4K	0.05	88.25	516	24	905	23
2018-04-05	$27.84	$0.00	17.2%	7.4%	12.7%	10.7%	0.0%	6.1%	-2.9%	27.3K	-2.1M	-2.1K	0.05	73.93	516	24	905	23
2018-04-06	$27.80	$0.00	18.6%	7.4%	12.7%	13.3%	0.0%	1.3%	-4.1%	25.6K	-2.1M	-2.1K	0.05	68.71	516	24	905	23
2018-04-09	$27.83	$0.00	21.8%	8.0%	12.6%	19.6%	0.0%	6.7%	-3.4%	26.8K	-2.1M	-2.0K	0.05	64.79	472	24	905	23
2018-04-10	$27.84	$0.00	25.7%	7.8%	12.3%	27.1%	0.0%	6.2%	-3.6%	24.0K	-2.1M	-2.0K	0.05	43.11	462	24	912	23
2018-04-11	$27.68	$0.00	27.8%	8.0%	11.9%	31.3%	0.0%	5.1%	-5.6%	31.5K	-2.1M	-2.3K	0.05	76.80	458	24	937	23
2018-04-12	$27.69	$0.00	20.9%	6.0%	10.9%	17.9%	0.0%	4.4%	-2.2%	27.9K	-2.2M	-2.3K	0.23	96.37	458	107	958	23
2018-04-13	$27.75	$0.00	27.1%	7.8%	10.9%	29.9%	0.0%	5.8%	-3.5%	21.4K	-2.1M	-2.6K	0.23	85.33	458	107	958	104
2018-04-16	$28.24	$0.00	25.8%	7.4%	12.7%	27.3%	25.8%	5.7%	-3.5%	22.0K	-2.2M	-2.5K	0.23	22.57	459	107	958	104
2018-04-17	$28.37	$30.00	26.0%	7.5%	12.8%	27.8%	26.1%	4.3%	-3.5%	24.2K	-2.2M	-2.4K	0.23	58.55	459	107	959	104
2018-04-18	$28.49	$30.00	26.0%	7.5%	12.5%	27.8%	26.0%	-4.0%	-3.3%	25.8K	-2.3M	-2.3K	0.23	31.00	459	107	959	104
2018-04-19	$28.33	$30.00	26.3%	7.5%	12.6%	28.4%	26.5%	6.2%	-4.8%	18.6K	-2.2M	-2.3K	0.23	78.97	461	107	959	104
2018-04-20	$28.40	$30.00	23.3%	6.7%	11.8%	22.4%	25.8%	11.6%	-4.3%	18.5K	-2.3M	-2.2K	0.23	100.41	461	107	956	104
2018-04-23	$28.22	$30.00	22.4%	6.4%	10.9%	20.7%	24.3%	0.3%	-0.9%	18.4K	-1.2M	-2.0K	0.55	109.74	166	91	549	92
2018-04-24	$28.53	$30.00	24.3%	7.0%	11.4%	24.5%	43.7%	18.6%	-5.5%	19.3K	-1.3M	-2.0K	0.61	100.41	166	101	553	92
2018-04-25	$27.61	$25.00	27.7%	7.9%	16.6%	31.0%	26.3%	-12.1%	-8.2%	20.3K	-1.1M	-2.4K	0.46	111.65	221	101	553	102
2018-04-26	$26.72	$25.00	19.7%	5.6%	20.0%	15.5%	13.9%	-15.2%	-5.4%	20.0K	-933.5K	-2.6K	0.50	48.16	203	101	533	102
2018-04-27	$26.83	$25.00	24.0%	6.9%	20.2%	24.0%	21.6%	-7.7%	-8.7%	20.8K	-1.0M	-2.4K	0.50	109.01	203	101	544	102
2018-04-30	$25.98	$25.00	26.2%	7.5%	22.6%	28.2%	26.2%	4.5%	-3.1%	21.3K	-890.7K	-2.5K	0.55	15.61	193	107	544	102