CSV Options History — May 2020

In May 2020, CSV traded between $14.24 and $19.16. ATM implied volatility averaged 67.9%, placing in the 50.2% IV rank vs the trailing year. The 30-day expected move averaged 18.3%. IV traded below realized volatility by 16.0% (HV 20d: 83.9%). Max pain ranged from $10.00 to $17.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.44.

Notable Days

2020-05-20: Highest Volume — 755 contracts
2020-05-11: Largest IV spike — 48.0% change
2020-05-11: Highest IV Rank — 86.1%
2020-05-01: Largest Expected Move — 22.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$16.37	$14.24	$19.16	$14.77	$18.65
Max Pain	$13.25	$10.00	$17.50	$15.00	$17.50
ATM IV	67.9%	48.0%	105.8%	79.9%	55.6%
Expected Move	18.3%	13.8%	22.9%	22.9%	15.9%
HV 20d	83.9%	71.4%	99.2%	83.6%	78.8%
HV 60d	89.6%	84.9%	93.7%	87.9%	93.1%
IV Rank	50.2%	31.5%	86.1%	61.6%	38.7%
IV Percentile	83.9%	73.0%	97.6%	92.1%	77.8%
Term Structure	-7.7%	-30.2%	6.7%	-30.2%	-4.8%
VWIV	63.9%	49.6%	80.0%	80.0%	58.7%
Skew 25d	6.4%	-18.9%	26.2%	15.5%	11.6%
Skew 10d	11.4%	-5.4%	32.3%	3.9%	32.3%
Call IV 25d	58.9%	43.3%	80.3%	62.2%	43.3%
Put IV 25d	65.3%	51.3%	78.7%	77.7%	54.9%
Bid-Ask Spread %	87.77	44.38	121.99	121.99	86.42
Gamma HHI	0.24	0.21	0.29	0.22	0.29
Net GEX	18.7K	9.8K	29.8K	11.9K	27.7K
Net DEX	-595.0K	-1.2M	-204.2K	-356.5K	-940.1K
Net VEX	-4.0K	-5.2K	-3.2K	-3.5K	-4.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.44	0.00	2.50	0.00	2.22
Total Volume	97.1	2	755	39	29
Total OI	1,926.75	1,692	2,097	1,808	2,066

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
2020-05-01	$14.77	$15.00	79.9%	22.9%	83.6%	61.6%	80.0%	15.5%	-30.2%	11.9K	-356.5K	-3.5K	0.00	121.99	39	0	1,461	347
2020-05-04	$14.72	$10.00	81.0%	20.7%	79.7%	62.7%	0.0%	1.8%	0.3%	13.0K	-359.9K	-3.7K	0.04	110.41	24	1	1,477	347
2020-05-05	$14.77	$10.00	70.5%	20.7%	79.0%	52.7%	0.0%	14.5%	-25.1%	13.9K	-355.8K	-3.6K	2.00	114.75	20	40	1,490	348
2020-05-06	$15.05	$10.00	70.5%	17.0%	78.7%	52.7%	70.8%	3.3%	6.7%	14.5K	-371.7K	-3.8K	0.00	99.12	17	0	1,500	388
2020-05-07	$15.36	$10.00	82.7%	18.8%	77.7%	64.2%	0.0%	14.1%	-9.1%	15.1K	-434.7K	-3.9K	0.00	102.15	34	0	1,514	388
2020-05-08	$15.85	$10.00	71.5%	20.1%	78.1%	53.6%	0.0%	20.5%	-3.4%	17.3K	-504.0K	-4.0K	0.00	97.91	20	0	1,502	388
2020-05-11	$15.80	$10.00	105.8%	19.2%	77.4%	86.1%	64.3%	-4.5%	-2.2%	17.9K	-500.0K	-4.0K	0.00	84.68	55	0	1,505	388
2020-05-12	$15.58	$10.00	76.1%	19.9%	77.5%	58.0%	0.0%	19.3%	-5.9%	18.3K	-482.3K	-3.8K	0.00	98.57	2	0	1,548	388
2020-05-13	$14.47	$10.00	71.2%	20.4%	79.0%	53.3%	66.8%	5.0%	-6.3%	12.7K	-288.6K	-3.5K	0.08	96.57	99	8	1,548	388
2020-05-14	$14.24	$10.00	71.3%	20.4%	76.7%	53.4%	76.4%	26.2%	-6.0%	9.8K	-204.2K	-3.2K	0.20	100.99	40	8	1,540	392
2020-05-15	$14.27	$10.00	74.5%	21.3%	71.4%	56.4%	74.0%	3.9%	-7.9%	10.1K	-233.1K	-3.3K	2.50	91.22	2	5	1,541	394
2020-05-18	$15.30	$15.00	73.1%	21.0%	75.6%	55.1%	72.1%	-4.2%	-11.4%	12.5K	-347.3K	-3.4K	0.03	91.13	36	1	1,353	339
2020-05-19	$16.06	$15.00	62.0%	17.8%	76.9%	44.7%	76.3%	-18.9%	-13.2%	15.3K	-462.9K	-3.6K	0.02	59.02	250	4	1,377	340
2020-05-20	$19.16	$15.00	55.5%	15.9%	98.3%	38.5%	60.5%	8.6%	-1.7%	29.8K	-1.2M	-5.0K	0.17	77.97	646	109	1,612	344
2020-05-21	$18.67	$17.50	48.0%	13.8%	99.2%	31.5%	49.6%	-0.6%	-9.3%	26.1K	-1.0M	-5.2K	0.28	79.41	134	37	1,661	436
2020-05-22	$18.41	$17.50	51.0%	14.6%	98.8%	34.3%	52.9%	3.2%	-8.1%	25.4K	-897.0K	-4.7K	0.06	44.38	78	5	1,605	443
2020-05-26	$18.68	$17.50	53.0%	15.2%	98.6%	36.2%	52.3%	3.1%	-10.7%	27.3K	-967.3K	-4.4K	0.62	72.91	45	28	1,623	442
2020-05-27	$19.11	$17.50	49.6%	14.2%	97.6%	32.9%	50.3%	0.8%	-1.2%	28.8K	-1.0M	-4.4K	0.07	80.31	82	6	1,613	433
2020-05-28	$18.48	$17.50	54.9%	15.7%	95.0%	38.0%	53.9%	4.9%	-3.6%	26.8K	-912.9K	-4.4K	0.52	45.54	25	13	1,633	433
2020-05-29	$18.65	$17.50	55.6%	15.9%	78.8%	38.7%	58.7%	11.6%	-4.8%	27.7K	-940.1K	-4.4K	2.22	86.42	9	20	1,635	431