CSV Options History — July 2018

In July 2018, CSV traded between $24.09 and $25.09. ATM implied volatility averaged 27.4%, placing in the 30.5% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 16.7% (HV 20d: 10.7%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 2.02.

Notable Days

2018-07-02: Highest Volume — 470 contracts
2018-07-11: Largest IV spike — 20.7% change
2018-07-31: Highest IV Rank — 43.6%
2018-07-31: Largest Expected Move — 9.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.76	$24.09	$25.09	$24.61	$24.94
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	27.4%	19.1%	34.2%	25.5%	34.2%
Expected Move	8.2%	6.8%	9.8%	7.3%	9.8%
HV 20d	10.7%	9.2%	16.8%	12.0%	16.8%
HV 60d	15.6%	12.2%	17.1%	16.9%	13.9%
IV Rank	30.5%	14.3%	43.6%	26.7%	43.6%
IV Percentile	71.9%	11.5%	95.2%	60.3%	95.2%
Term Structure	-4.0%	-8.8%	5.9%	5.9%	-8.8%
VWIV	29.5%	23.5%	34.2%	25.1%	34.2%
Skew 25d	2.9%	-9.8%	9.7%	-9.6%	4.8%
Skew 10d	2.4%	-18.7%	16.1%	-16.6%	7.7%
Call IV 25d	28.3%	23.1%	36.8%	30.7%	31.4%
Put IV 25d	31.2%	20.9%	39.1%	21.1%	36.2%
Bid-Ask Spread %	55.76	16.52	110.06	99.41	59.08
Gamma HHI	0.54	0.39	0.74	0.39	0.48
Net GEX	-64.3K	-171.7K	11.2K	-47.4K	-2.6K
Net DEX	2.2M	1.7M	3.2M	2.2M	2.3M
Net VEX	-4.8K	-6.8K	-2.9K	-6.2K	-3.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.02	1.24	3.90	3.90	1.43
Total Volume	277.429	191	470	470	248
Total OI	2,269.905	1,643	2,680	2,557	1,670

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
2018-07-02	$24.61	$25.00	25.5%	7.3%	12.0%	26.7%	25.1%	-9.6%	5.9%	-47.4K	2.2M	-6.2K	3.90	99.41	96	374	887	1,670
2018-07-03	$24.83	$25.00	23.6%	6.8%	12.4%	23.1%	23.5%	-9.8%	2.3%	-67.6K	1.8M	-6.8K	3.90	100.43	96	374	892	1,670
2018-07-05	$24.86	$0.00	22.0%	7.9%	9.6%	20.0%	0.0%	2.0%	-3.2%	-72.3K	1.9M	-6.2K	2.19	110.06	98	215	892	1,670
2018-07-06	$24.74	$0.00	19.1%	8.1%	9.7%	14.3%	0.0%	0.4%	-3.8%	-88.5K	1.9M	-6.2K	2.19	102.00	98	215	885	1,669
2018-07-09	$24.89	$0.00	22.9%	8.2%	10.0%	21.7%	0.0%	-0.2%	-3.1%	-83.7K	1.9M	-6.3K	2.19	93.21	98	215	885	1,669
2018-07-10	$24.82	$0.00	23.1%	7.9%	9.9%	22.1%	27.8%	7.6%	-3.2%	-85.2K	2.0M	-5.7K	2.22	34.03	98	218	875	1,669
2018-07-11	$24.91	$25.00	27.9%	8.0%	9.9%	31.4%	27.9%	7.3%	-3.1%	-98.0K	1.9M	-6.0K	2.22	16.56	98	218	875	1,672
2018-07-12	$24.89	$25.00	27.0%	7.8%	9.3%	29.8%	27.1%	8.3%	-2.1%	-102.6K	2.0M	-5.6K	2.06	19.53	105	216	875	1,672
2018-07-13	$25.09	$25.00	28.5%	8.2%	9.2%	32.7%	28.5%	6.9%	-4.7%	-115.4K	1.7M	-5.5K	2.06	20.14	105	216	882	1,673
2018-07-16	$24.83	$25.00	28.3%	8.1%	10.0%	32.2%	28.3%	1.0%	-4.4%	-134.4K	2.1M	-4.9K	2.06	50.79	105	216	882	1,673
2018-07-17	$24.93	$25.00	27.9%	8.0%	10.0%	31.4%	29.5%	8.0%	-4.1%	-148.4K	2.0M	-5.0K	1.24	16.52	105	130	882	1,673
2018-07-18	$24.72	$25.00	28.5%	8.2%	10.5%	32.7%	32.8%	9.7%	-5.1%	-135.2K	2.3M	-5.0K	1.24	104.27	105	130	882	1,798
2018-07-19	$24.75	$25.00	27.8%	8.0%	10.5%	31.2%	28.6%	4.6%	-3.8%	-171.7K	2.7M	-4.2K	1.24	21.49	105	130	882	1,798
2018-07-20	$24.77	$25.00	28.3%	8.1%	10.5%	32.3%	29.2%	5.4%	-4.7%	-7.6K	3.2M	-4.2K	1.34	17.95	97	130	882	1,798
2018-07-23	$24.91	$25.00	28.7%	8.2%	10.3%	33.0%	30.6%	4.9%	-6.8%	-7.7K	2.2M	-4.1K	1.94	83.16	65	126	407	1,240
2018-07-24	$24.85	$25.00	28.7%	8.2%	10.0%	33.0%	30.1%	5.8%	-5.0%	11.2K	2.4M	-2.9K	1.94	37.03	65	126	407	1,236
2018-07-25	$24.47	$25.00	30.0%	8.6%	11.4%	35.5%	31.6%	2.7%	-6.4%	-1.5K	2.3M	-3.5K	1.94	65.49	65	126	407	1,236
2018-07-26	$24.57	$25.00	29.4%	8.4%	10.8%	34.5%	30.6%	4.8%	-4.3%	886	2.3M	-3.5K	1.88	17.83	67	126	407	1,236
2018-07-27	$24.40	$25.00	32.7%	9.4%	10.2%	40.8%	33.0%	-0.7%	-7.8%	3.2K	2.4M	-3.3K	1.88	85.23	67	126	409	1,236
2018-07-30	$24.09	$25.00	31.9%	9.1%	11.0%	39.2%	33.0%	-2.2%	-6.7%	4.8K	2.4M	-3.0K	1.42	16.67	88	125	409	1,236
2018-07-31	$24.94	$25.00	34.2%	9.8%	16.8%	43.6%	34.2%	4.8%	-8.8%	-2.6K	2.3M	-3.6K	1.43	59.08	102	146	430	1,240