CSV Options History — November 2018

In November 2018, CSV traded between $15.05 and $17.20. ATM implied volatility averaged 35.5%, placing in the 46.3% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded below realized volatility by 53.7% (HV 20d: 89.2%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.60.

Notable Days

2018-11-01: Highest Volume — 425 contracts
2018-11-27: Largest IV spike — 32.7% change
2018-11-01: Highest IV Rank — 75.3%
2018-11-01: Largest Expected Move — 14.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.37	$15.05	$17.20	$15.05	$17.00
Max Pain	$17.38	$15.00	$17.50	$17.50	$17.50
ATM IV	35.5%	25.7%	50.4%	50.4%	34.4%
Expected Move	9.8%	7.4%	14.5%	14.5%	9.9%
HV 20d	89.2%	38.4%	95.7%	85.7%	38.4%
HV 60d	54.3%	51.8%	56.1%	51.8%	56.1%
IV Rank	46.3%	27.3%	75.3%	75.3%	44.1%
IV Percentile	85.7%	54.0%	98.0%	98.0%	89.3%
Term Structure	-1.2%	-11.5%	14.8%	-11.5%	-1.0%
VWIV	31.6%	24.2%	50.8%	50.8%	34.3%
Skew 25d	6.1%	-4.5%	19.2%	6.9%	-4.5%
Skew 10d	10.1%	-5.6%	20.2%	11.5%	-5.6%
Call IV 25d	31.7%	17.7%	53.8%	53.8%	33.1%
Put IV 25d	37.8%	28.6%	60.8%	60.8%	28.6%
Bid-Ask Spread %	71.89	22.09	103.12	83.21	90.21
Gamma HHI	0.30	0.25	0.51	0.36	0.26
Net GEX	3.0K	995	5.8K	995	2.5K
Net DEX	122.8K	20.6K	180.0K	180.0K	114.1K
Net VEX	-699	-877	-237	-237	-785
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.60	0.41	0.84	0.41	0.56
Total Volume	250.571	201	425	425	211
Total OI	546.429	396	650	396	500

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
2018-11-01	$15.05	$17.50	50.4%	14.5%	85.7%	75.3%	50.8%	6.9%	-11.5%	995	180.0K	-237	0.41	83.21	301	124	259	137
2018-11-02	$15.34	$15.00	43.3%	12.4%	86.4%	61.5%	43.8%	8.5%	-7.8%	5.0K	147.5K	-614	0.58	63.40	213	124	381	206
2018-11-05	$15.79	$17.50	44.9%	10.2%	87.6%	64.6%	31.0%	7.0%	-2.2%	5.8K	104.8K	-650	0.83	31.83	153	127	396	206
2018-11-06	$16.17	$17.50	42.1%	10.2%	88.5%	59.0%	31.1%	5.6%	-2.2%	5.7K	77.5K	-725	0.84	22.09	152	127	426	209
2018-11-07	$16.19	$17.50	30.0%	10.2%	88.7%	35.6%	30.2%	3.8%	-0.2%	4.3K	62.7K	-713	0.63	24.82	155	97	436	209
2018-11-08	$17.04	$17.50	37.7%	8.6%	91.4%	50.6%	31.3%	0.2%	-1.8%	5.1K	20.6K	-790	0.57	81.00	169	97	436	214
2018-11-09	$17.20	$17.50	28.8%	8.8%	91.5%	33.3%	27.6%	12.0%	-1.6%	4.6K	101.9K	-877	0.60	62.77	162	97	372	214
2018-11-12	$17.08	$17.50	33.4%	9.0%	91.4%	42.2%	28.9%	11.8%	-1.4%	5.1K	109.7K	-833	0.60	58.72	162	97	377	214
2018-11-13	$16.97	$17.50	40.1%	8.8%	91.1%	55.3%	28.6%	8.2%	-2.0%	4.4K	122.0K	-791	0.66	69.02	148	97	377	214
2018-11-14	$16.29	$17.50	31.6%	9.1%	91.7%	38.7%	30.9%	5.2%	-0.8%	2.8K	148.5K	-697	0.67	47.26	144	97	382	214
2018-11-15	$16.44	$17.50	28.8%	8.3%	91.9%	33.3%	30.0%	8.1%	0.9%	1.4K	151.1K	-641	0.67	41.13	144	97	382	214
2018-11-16	$16.66	$17.50	32.0%	9.2%	92.2%	39.4%	30.8%	9.3%	-8.3%	1.6K	128.1K	-690	0.66	97.38	146	97	382	201
2018-11-19	$16.23	$17.50	37.3%	10.7%	92.4%	49.9%	32.0%	5.5%	3.9%	1.5K	148.0K	-648	0.55	97.98	130	71	293	173
2018-11-20	$15.72	$17.50	41.8%	12.0%	92.7%	58.6%	28.5%	3.6%	-6.5%	1.0K	165.0K	-570	0.51	77.64	149	76	293	173
2018-11-21	$16.46	$17.50	31.2%	8.9%	94.9%	37.9%	30.9%	3.8%	-0.9%	2.0K	130.1K	-777	0.50	87.22	151	76	313	180
2018-11-23	$16.15	$17.50	38.7%	11.1%	94.8%	52.4%	27.8%	3.3%	4.1%	2.0K	131.0K	-790	0.50	82.02	151	76	316	180
2018-11-26	$16.38	$17.50	26.1%	7.5%	95.2%	28.0%	24.2%	3.8%	1.1%	1.8K	142.7K	-671	0.56	103.12	135	76	316	180
2018-11-27	$16.19	$17.50	34.7%	9.9%	95.1%	44.6%	25.7%	2.0%	-1.2%	2.0K	135.7K	-707	0.56	98.83	135	76	320	180
2018-11-28	$16.49	$17.50	25.7%	7.4%	95.6%	27.3%	32.3%	19.2%	14.8%	1.8K	139.2K	-696	0.56	99.16	135	76	320	180
2018-11-29	$16.84	$17.50	33.1%	9.5%	95.7%	41.7%	32.8%	5.5%	-0.9%	2.5K	118.3K	-767	0.56	90.87	135	76	320	180
2018-11-30	$17.00	$17.50	34.4%	9.9%	38.4%	44.1%	34.3%	-4.5%	-1.0%	2.5K	114.1K	-785	0.56	90.21	135	76	320	180