CSV Options History — January 2021

In January 2021, CSV traded between $31.03 and $35.93. ATM implied volatility averaged 48.4%, placing in the 26.2% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded above realized volatility by 19.8% (HV 20d: 28.6%). Max pain ranged from $22.50 to $22.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.13.

Notable Days

2021-01-06: Highest Volume — 105 contracts
2021-01-11: Largest IV spike — 53.6% change
2021-01-12: Highest IV Rank — 41.6%
2021-01-27: Largest Expected Move — 17.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.73	$31.03	$35.93	$31.03	$33.16
Max Pain	$22.50	$22.50	$22.50	$22.50	$22.50
ATM IV	48.4%	33.3%	63.9%	48.6%	54.8%
Expected Move	13.5%	9.6%	17.6%	10.4%	15.7%
HV 20d	28.6%	26.3%	33.2%	27.0%	33.2%
HV 60d	31.4%	29.5%	31.9%	30.4%	31.8%
IV Rank	26.2%	10.2%	41.6%	27.7%	32.3%
IV Percentile	44.3%	5.6%	76.2%	46.8%	61.1%
Term Structure	-0.9%	-13.9%	12.4%	8.1%	1.2%
VWIV	44.0%	22.1%	52.4%	43.4%	44.3%
Skew 25d	4.2%	-15.9%	16.3%	-1.9%	2.9%
Skew 10d	13.6%	-3.9%	30.2%	13.2%	28.7%
Call IV 25d	47.9%	25.1%	74.1%	50.8%	63.0%
Put IV 25d	52.1%	31.8%	77.8%	48.9%	65.9%
Bid-Ask Spread %	103.14	89.07	120.56	89.07	106.87
Gamma HHI	0.40	0.31	0.58	0.51	0.34
Net GEX	14.8K	1.3K	50.9K	31.2K	5.8K
Net DEX	-1.1M	-1.7M	-498.0K	-1.0M	-498.0K
Net VEX	-3.3K	-3.9K	-2.8K	-3.7K	-3.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.13	0.00	2.33	0.09	0.05
Total Volume	32.579	3	105	12	21
Total OI	1,615.316	1,001	2,148	2,057	1,094

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
2021-01-04	$31.03	$22.50	48.6%	10.4%	27.0%	27.7%	0.0%	-1.9%	8.1%	31.2K	-1.0M	-3.7K	0.09	89.07	11	1	665	1,392
2021-01-05	$31.81	$22.50	43.2%	15.8%	26.8%	22.2%	43.4%	12.6%	-9.7%	50.9K	-1.2M	-3.5K	0.01	103.29	77	1	680	1,392
2021-01-06	$33.36	$22.50	52.1%	14.2%	30.6%	31.2%	47.6%	5.0%	-13.8%	40.3K	-1.7M	-3.0K	0.00	111.00	105	0	726	1,393
2021-01-07	$34.02	$22.50	40.1%	12.0%	30.6%	19.1%	46.2%	5.3%	0.7%	11.5K	-1.6M	-3.5K	0.00	106.04	23	0	704	1,393
2021-01-08	$33.61	$22.50	37.6%	14.1%	31.0%	16.6%	50.5%	1.7%	-7.5%	14.1K	-1.6M	-3.2K	0.00	90.84	34	0	702	1,393
2021-01-11	$33.04	$22.50	57.7%	14.4%	30.8%	35.3%	0.0%	-5.0%	-7.0%	15.3K	-1.5M	-3.5K	0.00	93.12	4	0	725	1,393
2021-01-12	$33.19	$22.50	63.9%	11.1%	27.3%	41.6%	0.0%	0.1%	7.0%	13.7K	-1.5M	-3.5K	0.00	100.83	6	0	722	1,393
2021-01-13	$33.38	$22.50	43.9%	12.6%	26.9%	21.0%	45.8%	13.5%	-13.9%	13.7K	-1.6M	-2.8K	0.00	107.06	58	0	721	1,393
2021-01-14	$33.91	$22.50	33.3%	9.6%	27.1%	10.2%	22.1%	6.7%	12.4%	20.0K	-1.7M	-3.4K	0.04	107.63	24	1	754	1,394
2021-01-15	$33.55	$22.50	37.0%	10.6%	27.2%	13.9%	0.0%	11.6%	4.0%	1.3K	-1.6M	-3.2K	0.00	105.73	60	0	754	1,394
2021-01-19	$33.92	$22.50	41.0%	11.8%	27.1%	18.1%	41.9%	-6.6%	0.0%	7.0K	-615.2K	-2.9K	0.00	104.81	5	0	368	633
2021-01-20	$34.39	$22.50	49.3%	14.1%	26.8%	26.6%	51.9%	7.7%	-7.6%	4.8K	-620.8K	-3.2K	0.00	100.19	65	0	372	633
2021-01-21	$34.73	$22.50	46.5%	13.3%	26.3%	23.8%	0.0%	12.4%	-0.4%	11.3K	-746.7K	-3.1K	0.00	96.58	11	0	419	633
2021-01-22	$34.47	$22.50	49.4%	14.2%	26.4%	26.7%	38.4%	-1.8%	-3.0%	8.4K	-702.2K	-3.4K	2.33	104.51	6	14	425	633
2021-01-25	$35.27	$22.50	52.1%	14.9%	26.8%	29.5%	52.4%	13.3%	-1.4%	5.0K	-822.7K	-3.0K	0.00	94.03	59	0	431	647
2021-01-26	$35.93	$22.50	51.2%	14.7%	27.1%	28.6%	44.3%	16.3%	10.2%	6.2K	-890.5K	-3.4K	0.00	104.25	5	0	460	647
2021-01-27	$34.41	$22.50	61.5%	17.6%	32.1%	39.1%	0.0%	-15.9%	8.7%	8.4K	-667.9K	-3.9K	0.00	120.56	3	0	458	647
2021-01-28	$33.73	$22.50	55.6%	15.9%	32.3%	33.2%	0.0%	2.0%	-6.0%	11.7K	-689.6K	-3.2K	0.00	113.26	25	0	461	647
2021-01-29	$33.16	$22.50	54.8%	15.7%	33.2%	32.3%	0.0%	2.9%	1.2%	5.8K	-498.0K	-3.8K	0.05	106.87	20	1	447	647