CSV Options History — November 2020

In November 2020, CSV traded between $26.14 and $29.18. ATM implied volatility averaged 40.5%, placing in the 24.4% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 3.7% (HV 20d: 36.8%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 1.08.

Notable Days

2020-11-04: Highest Volume — 322 contracts
2020-11-30: Largest IV spike — 102.0% change
2020-11-30: Highest IV Rank — 58.6%
2020-11-30: Largest Expected Move — 22.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$27.96	$26.14	$29.18	$26.14	$27.42
Max Pain	$20.38	$20.00	$22.50	$22.50	$20.00
ATM IV	40.5%	29.4%	76.8%	41.6%	76.8%
Expected Move	12.3%	8.4%	22.0%	11.9%	22.0%
HV 20d	36.8%	28.7%	39.8%	28.7%	36.8%
HV 60d	34.5%	31.3%	35.5%	31.3%	35.5%
IV Rank	24.4%	13.9%	58.6%	25.4%	58.6%
IV Percentile	32.7%	15.1%	87.7%	36.5%	87.7%
Term Structure	-4.0%	-37.1%	15.4%	6.0%	-37.1%
VWIV	44.0%	29.4%	89.0%	89.0%	42.3%
Skew 25d	8.1%	-11.3%	33.6%	13.1%	33.6%
Skew 10d	10.2%	-13.2%	39.3%	28.4%	5.6%
Call IV 25d	37.2%	26.9%	48.1%	32.1%	40.7%
Put IV 25d	45.3%	29.1%	74.3%	45.2%	74.3%
Bid-Ask Spread %	116.35	109.78	126.05	113.40	121.86
Gamma HHI	0.37	0.29	0.46	0.31	0.40
Net GEX	4.2K	-7.5K	16.7K	-3.7K	6.0K
Net DEX	-458.9K	-963.5K	-184.4K	-540.8K	-403.2K
Net VEX	-4.5K	-5.6K	-2.1K	-3.2K	-4.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.08	0.00	13.64	0.00	1.42
Total Volume	48.35	1	322	46	75
Total OI	2,278.05	1,643	2,577	2,161	1,741

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
2020-11-02	$26.14	$22.50	41.6%	11.9%	28.7%	25.4%	89.0%	13.1%	6.0%	-3.7K	-540.8K	-3.2K	0.00	113.40	46	0	633	1,528
2020-11-03	$27.87	$22.50	37.8%	10.8%	34.7%	21.8%	29.4%	18.1%	15.4%	14.6K	-963.5K	-2.1K	4.27	110.00	30	128	633	1,528
2020-11-04	$27.22	$22.50	45.3%	13.0%	36.2%	28.9%	44.6%	8.5%	8.3%	16.7K	-704.5K	-3.3K	13.64	113.89	22	300	616	1,640
2020-11-05	$27.74	$20.00	38.3%	12.4%	36.3%	22.2%	0.0%	2.3%	-5.0%	-1.3K	-529.3K	-5.3K	0.00	111.89	5	0	637	1,940
2020-11-06	$27.02	$20.00	38.7%	15.6%	38.2%	22.7%	0.0%	17.1%	-25.7%	-7.5K	-316.4K	-5.3K	0.00	114.54	1	0	624	1,940
2020-11-09	$27.02	$20.00	38.8%	15.7%	38.1%	22.8%	0.0%	25.7%	-19.5%	-2.7K	-255.1K	-5.6K	0.71	120.38	14	10	578	1,952
2020-11-10	$27.19	$20.00	40.1%	14.0%	37.2%	24.0%	0.0%	6.1%	-22.3%	-6.1K	-215.0K	-5.6K	0.00	115.55	0	10	569	1,962
2020-11-11	$27.02	$20.00	48.5%	13.9%	36.8%	31.9%	0.0%	4.6%	-9.9%	-4.9K	-197.0K	-5.5K	0.00	115.04	3	0	569	1,962
2020-11-12	$27.10	$20.00	41.0%	11.7%	36.7%	24.8%	38.9%	5.9%	-6.4%	-4.4K	-184.4K	-5.4K	0.00	120.68	12	0	572	1,962
2020-11-13	$28.07	$20.00	29.4%	8.4%	38.1%	13.9%	0.0%	3.8%	11.9%	3.3K	-481.1K	-4.2K	0.00	126.05	6	0	576	1,962
2020-11-16	$29.18	$20.00	37.5%	10.7%	38.8%	21.5%	38.1%	-6.9%	-0.8%	13.4K	-670.0K	-4.4K	0.00	109.78	90	0	570	1,962
2020-11-17	$28.88	$20.00	34.0%	9.7%	39.4%	18.2%	0.0%	10.4%	2.1%	11.7K	-529.4K	-4.7K	0.14	117.64	50	7	562	1,962
2020-11-18	$28.68	$20.00	38.5%	11.0%	39.8%	22.4%	42.3%	-11.3%	-1.9%	3.2K	-431.8K	-4.7K	0.00	117.70	21	0	564	1,969
2020-11-19	$28.68	$20.00	40.7%	11.7%	39.6%	24.5%	0.0%	0.2%	-4.3%	10.6K	-449.5K	-4.5K	0.00	115.41	10	0	560	1,969
2020-11-20	$28.76	$20.00	33.9%	9.7%	39.7%	18.2%	34.2%	12.5%	2.8%	5.4K	-464.0K	-4.4K	0.00	118.38	6	0	571	1,969
2020-11-23	$28.92	$20.00	37.5%	10.8%	36.8%	21.5%	37.2%	10.2%	-0.9%	7.0K	-358.0K	-4.4K	0.35	114.17	17	6	473	1,170
2020-11-24	$29.13	$20.00	33.5%	9.6%	36.8%	17.8%	0.0%	18.3%	15.3%	5.7K	-427.0K	-4.3K	0.00	119.65	81	0	486	1,176
2020-11-25	$28.85	$20.00	40.6%	11.7%	33.4%	24.5%	42.3%	-3.6%	-1.9%	11.0K	-589.7K	-4.0K	0.00	113.17	14	0	556	1,176
2020-11-27	$28.33	$20.00	38.0%	10.9%	34.4%	22.0%	0.0%	-7.0%	-5.8%	6.7K	-468.6K	-4.3K	0.00	117.81	3	0	566	1,176
2020-11-30	$27.42	$20.00	76.8%	22.0%	36.8%	58.6%	0.0%	33.6%	-37.1%	6.0K	-403.2K	-4.3K	1.42	121.86	31	44	565	1,176