CSV Options History — February 2019

In February 2019, CSV traded between $18.69 and $21.28. ATM implied volatility averaged 33.5%, placing in the 33.7% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded below realized volatility by 1.8% (HV 20d: 35.3%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.12.

Notable Days

2019-02-22: Highest Volume — 205 contracts
2019-02-27: Largest IV spike — 47.6% change
2019-02-04: Highest IV Rank — 54.7%
2019-02-19: Largest Expected Move — 11.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.89	$18.69	$21.28	$19.65	$20.94
Max Pain	$21.05	$20.00	$22.50	$22.50	$20.00
ATM IV	33.5%	15.9%	47.1%	38.1%	20.1%
Expected Move	9.2%	4.6%	11.6%	9.8%	5.8%
HV 20d	35.3%	19.8%	47.9%	45.0%	25.3%
HV 60d	38.4%	36.7%	40.3%	40.3%	37.1%
IV Rank	33.7%	6.5%	54.7%	40.8%	12.9%
IV Percentile	68.0%	2.4%	97.2%	89.3%	11.5%
Term Structure	-1.7%	-6.8%	12.1%	-3.0%	4.4%
VWIV	30.0%	18.8%	40.6%	18.8%	23.5%
Skew 25d	7.9%	-9.6%	21.6%	11.6%	-0.1%
Skew 10d	9.7%	-14.9%	21.4%	12.3%	1.5%
Call IV 25d	26.3%	13.9%	41.2%	24.3%	18.1%
Put IV 25d	34.3%	16.8%	44.6%	35.9%	18.0%
Bid-Ask Spread %	88.99	75.18	97.98	92.89	87.28
Gamma HHI	0.44	0.30	0.65	0.34	0.53
Net GEX	9.9K	6.5K	18.5K	7.0K	11.5K
Net DEX	-290.2K	-402.6K	-192.7K	-266.3K	-351.9K
Net VEX	-895	-1.0K	-794	-875	-810
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.12	0.00	1.00	0.02	0.00
Total Volume	51.474	0	205	62	5
Total OI	434.158	382	522	382	445

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
2019-02-01	$19.65	$22.50	38.1%	9.8%	45.0%	40.8%	18.8%	11.6%	-3.0%	7.0K	-266.3K	-875	0.02	92.89	61	1	287	95
2019-02-04	$19.73	$22.50	47.1%	10.2%	44.5%	54.7%	0.0%	11.7%	-3.1%	7.1K	-269.3K	-881	0.00	96.88	0	0	287	95
2019-02-05	$19.78	$22.50	46.9%	10.9%	44.6%	54.3%	0.0%	14.5%	-6.5%	7.2K	-273.1K	-879	0.00	97.98	0	0	287	95
2019-02-06	$19.41	$22.50	34.5%	9.9%	45.4%	35.1%	0.0%	8.8%	-2.3%	6.8K	-242.8K	-840	0.00	91.10	10	0	287	95
2019-02-07	$19.23	$22.50	33.0%	9.5%	45.9%	32.9%	0.0%	9.7%	-1.6%	7.0K	-234.5K	-839	0.00	93.68	10	0	294	95
2019-02-08	$18.69	$22.50	38.9%	11.2%	47.6%	42.0%	0.0%	4.4%	-3.3%	6.5K	-192.7K	-830	0.00	85.31	10	0	291	95
2019-02-11	$18.85	$22.50	35.3%	10.1%	47.4%	36.4%	0.0%	8.1%	-4.3%	6.5K	-204.9K	-794	1.00	87.57	2	2	291	95
2019-02-12	$19.34	$22.50	37.1%	10.6%	47.6%	39.3%	37.2%	10.1%	-3.3%	6.7K	-239.0K	-831	0.04	92.74	102	4	291	97
2019-02-13	$19.43	$20.00	37.5%	10.8%	47.6%	39.9%	37.8%	10.5%	-5.3%	10.0K	-275.8K	-980	0.04	96.34	102	4	377	98
2019-02-14	$19.27	$20.00	37.5%	10.7%	47.9%	39.7%	37.4%	11.7%	-5.4%	9.5K	-259.7K	-934	0.04	89.54	107	4	377	98
2019-02-15	$19.59	$20.00	35.9%	10.3%	20.4%	37.3%	35.8%	13.0%	-4.1%	10.0K	-282.5K	-972	0.04	88.79	108	4	382	98
2019-02-19	$19.51	$20.00	40.5%	11.6%	19.8%	44.4%	40.6%	13.1%	-6.8%	10.0K	-261.5K	-958	0.00	88.31	15	0	366	95
2019-02-20	$19.96	$20.00	39.9%	11.4%	21.4%	43.6%	39.0%	-9.6%	-6.8%	11.8K	-309.8K	-1.0K	0.29	75.18	79	23	379	95
2019-02-21	$20.22	$20.00	26.1%	7.5%	21.7%	22.1%	19.3%	4.0%	1.8%	12.5K	-310.4K	-1.0K	0.28	97.49	92	26	405	117
2019-02-22	$20.90	$20.00	22.4%	6.4%	24.4%	16.5%	19.3%	6.8%	7.9%	18.5K	-402.6K	-1.0K	0.08	83.37	189	16	403	102
2019-02-25	$21.28	$20.00	15.9%	4.6%	24.5%	6.5%	0.0%	2.8%	12.1%	13.2K	-385.9K	-825	0.00	76.12	0	0	336	109
2019-02-26	$21.23	$20.00	20.5%	5.9%	24.5%	13.6%	0.0%	-1.7%	2.0%	13.6K	-391.4K	-839	0.00	84.54	0	0	336	109
2019-02-27	$20.87	$20.00	30.3%	8.7%	25.6%	28.7%	21.0%	21.6%	-4.7%	12.2K	-360.1K	-850	0.00	85.78	2	0	336	109
2019-02-28	$20.94	$20.00	20.1%	5.8%	25.3%	12.9%	23.5%	-0.1%	4.4%	11.5K	-351.9K	-810	0.00	87.28	5	0	336	109