CSV Options History — December 2018

In December 2018, CSV traded between $14.58 and $17.17. ATM implied volatility averaged 35.8%, placing in the 51.2% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded below realized volatility by 1.0% (HV 20d: 36.8%). Max pain ranged from $17.50 to $22.50. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 2.83.

Notable Days

2018-12-14: Highest Volume — 88 contracts
2018-12-07: Largest IV spike — 67.1% change
2018-12-24: Highest IV Rank — 79.9%
2018-12-07: Largest Expected Move — 17.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.65	$14.58	$17.17	$17.17	$15.47
Max Pain	$21.75	$17.50	$22.50	$17.50	$22.50
ATM IV	35.8%	22.2%	51.9%	27.7%	37.1%
Expected Move	10.4%	6.4%	17.5%	7.9%	10.6%
HV 20d	36.8%	32.9%	40.6%	38.2%	35.3%
HV 60d	57.4%	56.1%	58.8%	56.1%	58.7%
IV Rank	51.2%	20.5%	79.9%	31.1%	56.6%
IV Percentile	84.0%	32.9%	98.0%	67.1%	89.3%
Term Structure	1.7%	-35.0%	66.7%	-0.3%	2.1%
VWIV	40.5%	19.3%	67.9%	65.1%	37.0%
Skew 25d	1.0%	-16.4%	10.7%	4.2%	-5.9%
Skew 10d	0.3%	-8.9%	12.1%	6.8%	-8.3%
Call IV 25d	33.7%	22.5%	56.2%	31.0%	42.9%
Put IV 25d	34.7%	28.5%	47.7%	35.2%	37.0%
Bid-Ask Spread %	97.08	84.47	108.33	108.33	93.94
Gamma HHI	0.29	0.25	0.35	0.26	0.32
Net GEX	1.8K	-125	3.1K	3.1K	2.4K
Net DEX	135.8K	66.5K	203.3K	86.8K	94.8K
Net VEX	-729	-1.0K	-506	-800	-823
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.83	0.00	26.50	0.00	1.00
Total Volume	19.05	0	88	3	2
Total OI	534.6	488	594	490	563

Daily Data (20 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
2018-12-03	$17.17	$17.50	27.7%	7.9%	38.2%	31.1%	0.0%	4.2%	-0.3%	3.1K	86.8K	-800	0.00	108.33	3	0	317	173
2018-12-04	$16.47	$17.50	32.2%	9.2%	40.6%	39.8%	65.1%	-5.6%	-3.9%	2.6K	102.3K	-748	0.00	107.46	3	0	315	173
2018-12-05	$16.49	$17.50	32.3%	9.3%	39.8%	40.1%	67.9%	-7.3%	-12.5%	2.8K	111.1K	-700	0.00	107.03	3	0	315	173
2018-12-06	$16.44	$22.50	31.1%	8.4%	39.8%	37.6%	0.0%	3.9%	6.0%	1.7K	131.3K	-697	0.00	96.85	0	0	315	173
2018-12-07	$16.35	$22.50	51.9%	17.5%	35.1%	78.1%	0.0%	-16.4%	-35.0%	2.3K	66.5K	-1.0K	0.00	107.77	3	0	315	173
2018-12-10	$16.04	$22.50	29.9%	11.0%	35.3%	35.3%	0.0%	5.5%	-3.1%	1.6K	145.2K	-632	0.00	92.90	0	0	315	173
2018-12-11	$16.07	$22.50	39.3%	10.4%	35.3%	53.7%	0.0%	4.5%	-1.0%	1.6K	137.2K	-625	0.00	93.89	0	20	315	173
2018-12-12	$16.48	$22.50	22.2%	6.4%	36.7%	20.5%	19.3%	6.9%	6.8%	2.1K	129.8K	-660	26.50	93.32	2	53	315	173
2018-12-13	$15.79	$22.50	30.4%	8.7%	37.0%	41.9%	22.6%	1.7%	4.5%	-89	199.8K	-506	17.67	99.68	3	53	317	205
2018-12-14	$15.48	$22.50	34.6%	9.9%	37.3%	51.3%	25.9%	10.7%	1.6%	-125	203.3K	-554	1.67	84.47	33	55	318	205
2018-12-17	$14.74	$22.50	36.6%	10.5%	40.1%	55.7%	0.0%	-0.7%	2.8%	817	189.5K	-621	0.00	87.53	20	0	348	202
2018-12-18	$14.89	$22.50	35.9%	10.3%	39.8%	54.1%	0.0%	1.8%	2.3%	1.5K	174.0K	-707	0.00	85.30	10	0	378	202
2018-12-19	$14.92	$22.50	45.1%	12.9%	38.5%	74.6%	0.0%	8.8%	-9.8%	1.8K	146.5K	-808	0.00	93.91	10	0	388	202
2018-12-20	$14.80	$22.50	37.4%	10.7%	33.9%	57.3%	37.3%	-3.0%	2.6%	2.1K	158.8K	-768	0.17	102.66	6	1	388	202
2018-12-21	$14.77	$22.50	35.3%	10.1%	33.5%	52.7%	35.3%	1.9%	4.4%	1.2K	159.6K	-767	0.09	99.92	11	1	393	201
2018-12-24	$14.58	$22.50	47.5%	13.6%	32.9%	79.9%	54.4%	7.6%	66.7%	1.5K	142.3K	-820	1.05	102.52	42	44	385	201
2018-12-26	$15.12	$22.50	38.0%	10.9%	36.1%	58.8%	0.0%	-1.5%	0.3%	1.9K	118.4K	-751	0.00	91.09	1	0	385	177
2018-12-27	$15.28	$22.50	32.6%	9.3%	35.5%	46.7%	0.0%	1.3%	3.4%	1.9K	120.3K	-746	0.00	100.38	1	0	386	177
2018-12-28	$15.61	$22.50	38.2%	10.9%	35.6%	59.1%	0.0%	1.3%	-4.4%	2.5K	99.4K	-839	0.00	92.54	1	0	386	177
2018-12-31	$15.47	$22.50	37.1%	10.6%	35.3%	56.6%	37.0%	-5.9%	2.1%	2.4K	94.8K	-823	1.00	93.94	1	1	386	177