CSV Options History — January 2019

In January 2019, CSV traded between $15.44 and $19.73. ATM implied volatility averaged 36.7%, placing in the 47.0% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded below realized volatility by 2.1% (HV 20d: 38.8%). Max pain ranged from $17.50 to $22.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.17.

Notable Days

2019-01-17: Highest Volume — 234 contracts
2019-01-17: Largest IV spike — 76.2% change
2019-01-17: Highest IV Rank — 100.0%
2019-01-17: Largest Expected Move — 21.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.92	$15.44	$19.73	$15.58	$19.40
Max Pain	$18.41	$17.50	$22.50	$22.50	$22.50
ATM IV	36.7%	25.3%	76.5%	41.9%	38.4%
Expected Move	10.8%	7.9%	21.9%	12.0%	10.1%
HV 20d	38.8%	21.8%	46.5%	35.1%	45.6%
HV 60d	59.6%	40.6%	64.8%	58.8%	40.6%
IV Rank	47.0%	24.2%	100.0%	67.5%	41.2%
IV Percentile	79.6%	46.0%	100.0%	94.0%	89.7%
Term Structure	-1.1%	-12.0%	30.2%	-12.0%	-4.5%
VWIV	32.0%	21.5%	43.4%	42.0%	21.5%
Skew 25d	1.6%	-12.5%	15.1%	2.5%	9.8%
Skew 10d	3.2%	-13.7%	20.0%	2.6%	9.9%
Call IV 25d	34.5%	19.8%	68.5%	38.8%	27.7%
Put IV 25d	36.1%	24.1%	59.7%	41.4%	37.5%
Bid-Ask Spread %	102.30	85.53	121.57	97.89	91.40
Gamma HHI	0.33	0.30	0.43	0.30	0.32
Net GEX	5.8K	2.3K	13.6K	2.6K	6.8K
Net DEX	-99.9K	-346.9K	102.7K	92.2K	-245.4K
Net VEX	-856	-985	-738	-805	-897
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.17	0.00	0.50	0.50	0.02
Total Volume	36.333	0	234	3	62
Total OI	501.286	374	711	564	382

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
2019-01-02	$15.58	$22.50	41.9%	12.0%	35.1%	67.5%	42.0%	2.5%	-12.0%	2.6K	92.2K	-805	0.50	97.89	2	1	387	177
2019-01-03	$15.44	$0.00	37.2%	10.2%	32.4%	56.9%	0.0%	6.6%	1.4%	2.3K	102.7K	-738	0.50	106.07	2	1	388	171
2019-01-04	$15.93	$0.00	25.3%	10.7%	34.6%	30.4%	0.0%	7.9%	0.1%	2.7K	87.2K	-770	0.50	98.22	2	1	388	171
2019-01-07	$16.11	$0.00	30.3%	10.1%	34.9%	41.5%	0.0%	15.1%	-9.4%	3.1K	77.5K	-759	0.00	112.10	0	0	388	171
2019-01-08	$16.49	$0.00	26.4%	9.3%	35.9%	32.9%	0.0%	0.0%	1.8%	4.1K	56.6K	-816	0.00	104.59	0	0	388	171
2019-01-09	$16.61	$0.00	35.4%	10.2%	35.2%	53.0%	0.0%	4.0%	-4.0%	4.4K	48.2K	-803	0.00	102.81	10	0	388	171
2019-01-10	$16.64	$0.00	28.6%	8.2%	35.2%	37.8%	0.0%	5.5%	2.1%	4.6K	36.8K	-824	0.00	106.08	10	0	388	171
2019-01-11	$16.95	$0.00	30.2%	8.7%	34.7%	41.3%	0.0%	2.5%	1.1%	5.0K	40.5K	-771	0.00	112.84	11	0	388	171
2019-01-14	$16.82	$0.00	41.6%	11.9%	30.8%	66.8%	0.0%	-12.5%	-9.4%	5.0K	31.1K	-753	0.00	106.29	0	1	388	171
2019-01-15	$16.95	$0.00	43.9%	12.6%	29.6%	71.8%	0.0%	-0.5%	-9.1%	5.1K	32.9K	-807	0.09	85.53	11	1	388	172
2019-01-16	$17.11	$0.00	43.4%	12.5%	21.8%	70.9%	43.4%	-11.1%	-8.9%	5.5K	13.2K	-864	0.12	89.39	123	15	391	172
2019-01-17	$19.35	$17.50	76.5%	21.9%	46.5%	100.0%	30.2%	-8.8%	2.7%	13.6K	-346.9K	-744	0.02	121.57	230	4	527	184
2019-01-18	$19.64	$17.50	27.4%	7.9%	46.3%	24.2%	26.0%	-2.3%	6.0%	6.3K	-155.0K	-901	0.21	118.38	122	26	404	186
2019-01-22	$19.65	$17.50	33.5%	9.6%	45.9%	33.6%	32.0%	-1.1%	30.2%	7.0K	-303.1K	-985	0.14	110.22	7	1	282	92
2019-01-23	$19.57	$17.50	32.0%	9.2%	46.0%	31.4%	30.3%	1.3%	1.6%	7.3K	-279.1K	-971	0.14	97.81	7	1	286	93
2019-01-24	$19.66	$17.50	30.4%	8.7%	45.0%	28.9%	29.1%	2.6%	1.2%	7.3K	-278.2K	-948	0.14	100.73	7	1	286	94
2019-01-25	$19.47	$17.50	35.1%	10.1%	45.1%	36.2%	33.2%	-0.8%	-2.2%	7.1K	-264.1K	-961	0.43	95.46	7	3	286	94
2019-01-28	$19.68	$17.50	38.8%	11.1%	45.1%	41.9%	0.0%	11.8%	-5.0%	7.3K	-280.4K	-939	0.10	92.62	10	1	286	94
2019-01-29	$19.73	$17.50	37.0%	10.6%	45.1%	39.1%	0.0%	0.1%	-2.7%	7.6K	-281.1K	-966	0.05	98.74	20	1	296	95
2019-01-30	$19.58	$17.50	37.6%	10.8%	45.0%	39.9%	0.0%	0.9%	-4.5%	7.9K	-283.1K	-956	0.02	99.50	61	1	306	95
2019-01-31	$19.40	$22.50	38.4%	10.1%	45.6%	41.2%	21.5%	9.8%	-4.5%	6.8K	-245.4K	-897	0.02	91.40	61	1	287	95