CSV Options History — September 2018

In September 2018, CSV traded between $21.51 and $22.69. ATM implied volatility averaged 24.0%, placing in the 23.9% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 4.8% (HV 20d: 19.2%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 5.11.

Notable Days

2018-09-26: Highest Volume — 507 contracts
2018-09-28: Largest IV spike — 30.9% change
2018-09-19: Highest IV Rank — 34.9%
2018-09-19: Largest Expected Move — 8.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$22.21	$21.51	$22.69	$22.43	$21.51
Max Pain	$24.74	$22.50	$25.00	$22.50	$25.00
ATM IV	24.0%	20.8%	29.7%	21.3%	27.6%
Expected Move	6.8%	6.0%	8.5%	6.1%	7.9%
HV 20d	19.2%	16.2%	21.3%	20.5%	16.2%
HV 60d	20.1%	19.4%	20.7%	19.4%	20.6%
IV Rank	23.9%	17.7%	34.9%	18.6%	30.9%
IV Percentile	49.9%	23.4%	85.7%	28.6%	77.0%
Term Structure	6.0%	-6.1%	57.5%	0.9%	-6.1%
VWIV	23.9%	17.3%	39.3%	21.2%	33.2%
Skew 25d	3.2%	-10.7%	17.8%	0.7%	-10.7%
Skew 10d	5.8%	-7.9%	26.5%	1.1%	-7.7%
Call IV 25d	20.9%	14.9%	30.3%	20.6%	30.3%
Put IV 25d	24.1%	18.2%	40.9%	21.3%	19.6%
Bid-Ask Spread %	61.32	19.06	103.03	20.02	103.03
Gamma HHI	0.61	0.41	0.89	0.89	0.48
Net GEX	10.1K	1.9K	14.7K	10.7K	8.7K
Net DEX	334.1K	263.4K	387.4K	387.4K	263.4K
Net VEX	-1.3K	-1.6K	-995	-1.1K	-1.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.11	2.96	7.43	5.29	3.78
Total Volume	459.158	430	507	453	488
Total OI	786.158	718	830	726	830

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
2018-09-04	$22.43	$22.50	21.3%	6.1%	20.5%	18.6%	21.2%	0.7%	0.9%	10.7K	387.4K	-1.1K	5.29	20.02	72	381	443	283
2018-09-05	$22.37	$22.50	26.5%	7.6%	20.4%	28.8%	27.3%	0.4%	-1.3%	12.6K	321.4K	-1.6K	5.22	67.52	73	381	493	307
2018-09-06	$22.36	$25.00	23.9%	6.6%	20.1%	23.7%	23.0%	9.3%	-0.6%	13.1K	334.2K	-1.6K	5.38	74.56	71	382	493	307
2018-09-07	$22.69	$25.00	27.0%	6.4%	20.6%	29.8%	18.7%	10.6%	3.2%	14.2K	310.5K	-1.6K	5.38	27.39	71	382	493	308
2018-09-10	$22.32	$25.00	24.1%	6.8%	21.2%	24.1%	20.1%	12.4%	0.9%	12.7K	345.4K	-1.5K	5.38	39.03	71	382	493	308
2018-09-11	$22.54	$25.00	22.5%	6.4%	21.3%	21.0%	17.3%	10.1%	2.1%	14.7K	335.9K	-1.5K	5.38	23.79	71	382	493	308
2018-09-12	$22.34	$25.00	24.9%	7.1%	21.2%	25.7%	23.5%	9.5%	-0.2%	12.8K	352.6K	-1.5K	5.38	26.04	71	382	493	308
2018-09-13	$22.33	$25.00	23.4%	6.7%	21.0%	22.7%	19.5%	10.7%	0.0%	12.7K	362.8K	-1.4K	5.38	43.10	71	382	493	308
2018-09-14	$22.52	$25.00	22.3%	6.4%	19.7%	20.7%	17.4%	10.0%	2.6%	13.8K	348.4K	-1.3K	5.38	28.50	71	382	493	308
2018-09-17	$22.23	$25.00	25.2%	7.2%	20.0%	26.3%	22.3%	7.3%	1.0%	13.4K	361.3K	-1.3K	5.38	47.19	71	382	493	308
2018-09-18	$22.13	$25.00	26.9%	7.7%	19.8%	29.6%	22.8%	-2.2%	-1.7%	10.7K	380.8K	-1.3K	5.23	19.06	73	382	493	308
2018-09-19	$22.03	$25.00	29.7%	8.5%	17.7%	34.9%	39.3%	-3.0%	-4.1%	12.4K	334.2K	-1.4K	5.21	90.62	73	380	495	308
2018-09-20	$22.47	$25.00	22.4%	6.4%	18.0%	20.8%	25.7%	17.8%	3.1%	7.9K	327.8K	-1.0K	5.21	86.78	73	380	495	265
2018-09-21	$22.41	$25.00	23.0%	6.6%	17.9%	22.0%	22.0%	-2.4%	1.3%	7.1K	315.7K	-1.1K	5.21	79.00	73	380	495	265
2018-09-24	$21.96	$25.00	21.8%	6.3%	19.1%	19.7%	29.7%	-4.2%	57.5%	4.5K	326.3K	-995	5.57	100.25	68	379	454	264
2018-09-25	$21.91	$25.00	21.0%	6.0%	16.7%	18.2%	27.4%	-6.0%	47.5%	2.7K	332.4K	-1.1K	7.43	90.77	51	379	487	264
2018-09-26	$21.81	$25.00	20.8%	6.0%	16.2%	17.7%	23.1%	-5.5%	1.8%	1.9K	337.6K	-1.0K	2.96	101.41	128	379	487	264
2018-09-27	$21.59	$25.00	21.1%	6.0%	16.3%	18.2%	21.2%	-3.5%	6.6%	5.2K	270.8K	-1.5K	2.96	96.93	128	379	566	264
2018-09-28	$21.51	$25.00	27.6%	7.9%	16.2%	30.9%	33.2%	-10.7%	-6.1%	8.7K	263.4K	-1.6K	3.78	103.03	102	386	566	264