CSV Options History — February 2021

In February 2021, CSV traded between $33.21 and $36.54. ATM implied volatility averaged 53.2%, placing in the 30.6% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 23.9% (HV 20d: 29.2%). Max pain ranged from $22.50 to $30.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.93.

Notable Days

2021-02-04: Highest Volume — 264 contracts
2021-02-08: Largest IV spike — 45.9% change
2021-02-08: Highest IV Rank — 66.1%
2021-02-02: Largest Expected Move — 19.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$34.75	$33.21	$36.54	$33.21	$33.35
Max Pain	$28.82	$22.50	$30.00	$22.50	$30.00
ATM IV	53.2%	29.2%	87.6%	57.1%	41.1%
Expected Move	13.4%	8.4%	19.5%	16.4%	11.8%
HV 20d	29.2%	25.1%	32.9%	32.7%	25.1%
HV 60d	28.5%	27.1%	29.2%	29.2%	27.9%
IV Rank	30.6%	5.9%	66.1%	34.6%	18.2%
IV Percentile	46.8%	0.4%	92.1%	65.9%	21.0%
Term Structure	1.9%	-18.1%	15.1%	-3.1%	-1.1%
VWIV	42.5%	27.2%	58.4%	58.4%	42.9%
Skew 25d	3.6%	-11.0%	14.6%	-11.0%	-2.3%
Skew 10d	11.0%	-6.0%	24.7%	17.9%	1.9%
Call IV 25d	47.6%	31.9%	66.7%	56.4%	39.2%
Put IV 25d	51.1%	36.9%	70.8%	45.4%	36.9%
Bid-Ask Spread %	106.20	92.96	114.66	108.90	112.21
Gamma HHI	0.36	0.30	0.52	0.35	0.39
Net GEX	12.7K	2.0K	25.9K	7.6K	10.9K
Net DEX	-600.6K	-872.2K	-264.5K	-593.1K	-307.1K
Net VEX	-3.1K	-3.6K	-2.6K	-3.6K	-2.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.93	0.00	10.00	0.00	0.50
Total Volume	30.053	1	264	2	6
Total OI	1,294.421	1,110	1,436	1,110	1,282

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
2021-02-01	$33.21	$22.50	57.1%	16.4%	32.7%	34.6%	58.4%	-11.0%	-3.1%	7.6K	-593.1K	-3.6K	0.00	108.90	2	0	461	649
2021-02-02	$34.03	$22.50	68.0%	19.5%	32.9%	45.9%	0.0%	4.2%	-18.1%	9.6K	-673.5K	-3.4K	1.00	114.66	2	2	463	649
2021-02-03	$34.12	$22.50	59.2%	17.0%	32.1%	36.8%	0.0%	3.9%	-9.8%	7.5K	-661.8K	-3.3K	0.00	111.23	1	0	465	649
2021-02-04	$35.10	$30.00	72.8%	11.8%	29.1%	50.9%	39.5%	1.9%	5.2%	10.1K	-860.4K	-2.6K	10.00	102.38	24	240	465	649
2021-02-05	$35.12	$30.00	60.1%	12.0%	28.4%	37.7%	41.6%	6.9%	1.0%	16.5K	-871.5K	-3.1K	0.00	112.59	32	0	487	889
2021-02-08	$35.59	$30.00	87.6%	14.8%	28.3%	66.1%	50.5%	4.3%	-4.3%	14.8K	-723.8K	-3.5K	0.00	95.97	49	0	448	889
2021-02-09	$35.94	$30.00	82.2%	12.9%	27.3%	60.5%	35.2%	-1.2%	15.1%	17.5K	-791.1K	-3.3K	0.00	103.15	4	0	450	889
2021-02-10	$36.02	$30.00	47.6%	13.6%	27.3%	24.8%	38.7%	14.6%	8.8%	17.0K	-767.3K	-3.4K	0.00	103.50	13	0	454	889
2021-02-11	$36.54	$30.00	58.7%	16.8%	27.6%	36.3%	49.5%	9.3%	1.5%	21.4K	-872.2K	-3.2K	3.00	99.41	6	18	466	889
2021-02-12	$36.47	$30.00	63.6%	18.2%	27.3%	41.3%	46.6%	8.2%	-5.6%	13.0K	-830.5K	-3.2K	1.54	92.96	13	20	472	910
2021-02-16	$35.34	$30.00	44.6%	12.8%	29.7%	21.8%	41.5%	-2.9%	0.2%	15.8K	-610.1K	-3.2K	0.00	109.02	26	0	482	932
2021-02-17	$34.59	$30.00	52.7%	15.1%	30.7%	30.1%	52.6%	-3.7%	2.5%	12.7K	-521.6K	-3.4K	0.00	100.77	7	0	491	932
2021-02-18	$34.68	$30.00	36.4%	10.4%	30.3%	13.4%	36.9%	5.3%	4.6%	25.9K	-510.4K	-2.6K	0.12	108.67	25	3	495	932
2021-02-19	$34.38	$30.00	29.2%	8.4%	30.3%	5.9%	27.2%	1.7%	10.0%	10.2K	-331.3K	-3.5K	0.20	105.84	10	2	501	935
2021-02-22	$34.72	$30.00	38.7%	11.1%	30.4%	15.7%	0.0%	9.0%	7.3%	11.7K	-480.1K	-2.6K	0.00	108.98	5	0	347	890
2021-02-23	$33.82	$30.00	31.8%	9.1%	30.5%	8.6%	40.3%	11.4%	8.5%	8.1K	-342.7K	-2.7K	1.22	114.00	18	22	346	890
2021-02-24	$33.86	$30.00	36.1%	10.3%	29.6%	13.0%	36.6%	9.1%	3.8%	9.6K	-398.5K	-2.6K	0.00	106.09	20	0	358	916
2021-02-25	$33.31	$30.00	43.1%	12.4%	26.1%	20.2%	0.0%	-1.1%	8.9%	2.0K	-264.5K	-3.2K	0.00	107.44	1	0	367	916
2021-02-26	$33.35	$30.00	41.1%	11.8%	25.1%	18.2%	42.9%	-2.3%	-1.1%	10.9K	-307.1K	-2.9K	0.50	112.21	4	2	366	916