CSV Options History — March 2021

In March 2021, CSV traded between $33.20 and $36.92. ATM implied volatility averaged 41.6%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 9.0% (HV 20d: 32.5%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 4.82.

Notable Days

  • 2021-03-19: Highest Volume — 435 contracts
  • 2021-03-25: Largest IV spike — 96.0% change
  • 2021-03-25: Highest IV Rank — 36.8%
  • 2021-03-25: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.44$33.20$36.92$34.00$35.64
Max Pain$30.22$30.00$35.00$35.00$30.00
ATM IV41.6%28.3%55.4%44.7%42.6%
Expected Move11.9%8.1%15.9%12.8%12.2%
HV 20d32.5%24.5%36.0%25.3%33.9%
HV 60d30.0%28.0%31.4%28.0%30.3%
IV Rank19.7%5.6%36.8%21.9%23.2%
IV Percentile25.8%0.4%65.5%32.5%31.7%
Term Structure1.3%-17.1%22.7%-2.5%2.9%
VWIV40.8%28.2%51.9%45.5%51.6%
Skew 25d11.3%-10.4%95.0%3.4%7.2%
Skew 10d9.9%-20.5%139.6%9.5%-12.7%
Call IV 25d36.7%28.0%50.3%41.8%34.4%
Put IV 25d48.1%27.6%123.0%45.2%41.6%
Bid-Ask Spread %106.1678.17120.91109.61112.77
Gamma HHI0.430.190.750.370.58
Net GEX14.0K-87327.8K10.1K21.1K
Net DEX-524.6K-685.4K-313.3K-451.0K-550.3K
Net VEX-1.7K-2.7K-1.2K-2.1K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.820.0032.0011.000.00
Total Volume28.3040435120
Total OI1,263.8261,1671,3611,2821,180

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-03-01$34.00$35.0044.7%12.8%25.3%21.9%45.5%3.4%-2.5%10.1K-451.0K-2.1K11.00109.61111365917
2021-03-02$33.66$30.0035.1%10.1%25.6%12.0%39.9%5.3%-1.5%12.1K-398.7K-2.4K0.00111.0610365927
2021-03-03$34.08$30.0040.5%11.6%24.5%17.5%0.0%-4.6%-1.4%17.1K-480.5K-2.2K0.00120.9110366927
2021-03-04$33.20$30.0043.7%12.6%26.1%20.9%40.2%30.9%-8.9%5.7K-313.3K-2.7K0.00108.67120367927
2021-03-05$33.88$30.0040.9%11.3%25.1%18.0%0.0%19.5%-3.7%13.9K-409.5K-2.2K2.00109.5712355928
2021-03-08$36.27$30.0044.5%11.0%35.3%21.7%41.5%7.4%4.7%27.8K-685.4K-1.9K0.08103.27373352927
2021-03-09$35.89$30.0040.2%13.2%35.3%17.2%0.0%11.5%-4.0%18.8K-600.6K-2.0K2.7198.03719341929
2021-03-10$36.68$30.0049.3%14.1%35.9%26.6%51.9%10.8%-7.0%14.2K-638.0K-1.9K32.00100.92132340961
2021-03-11$36.48$30.0046.5%13.3%36.0%23.7%47.0%9.4%-5.4%9.6K-627.4K-2.0K0.0097.3310339993
2021-03-12$36.20$30.0037.1%10.6%35.7%14.1%0.0%32.7%9.0%17.3K-607.2K-1.6K0.00105.66020338993
2021-03-15$36.38$30.0048.3%13.8%35.8%25.6%0.0%13.7%-5.8%4.7K-623.2K-1.7K0.12108.882533381,023
2021-03-16$36.08$30.0039.8%11.4%34.0%16.8%0.0%2.1%0.4%-873-497.8K-1.7K0.00109.04003131,026
2021-03-17$36.19$30.0038.2%11.0%32.9%15.2%0.0%3.6%7.7%-607-542.3K-1.9K0.00107.10003131,026
2021-03-18$36.72$30.0030.7%8.8%33.2%7.4%37.5%0.7%22.7%9.9K-657.7K-1.2K0.00105.09703131,026
2021-03-19$36.92$30.0037.2%10.7%33.0%14.1%37.4%-10.4%-3.1%17.0K-668.4K-1.5K3.22107.101033323121,026
2021-03-22$36.58$30.0045.9%13.1%33.2%25.8%0.0%17.7%-0.3%15.6K-577.1K-1.6K1.00112.0411280887
2021-03-23$35.36$30.0029.1%8.4%34.2%6.6%0.0%-3.4%10.1%20.3K-495.3K-1.4K0.00110.2200281888
2021-03-24$34.59$30.0028.3%8.1%35.2%5.6%28.6%95.0%17.9%25.6K-419.0K-1.3K1.00119.0122281888
2021-03-25$34.98$30.0055.4%15.9%34.8%36.8%28.2%-5.5%-17.1%13.3K-431.4K-1.4K24.00114.61124282890
2021-03-26$35.02$30.0046.4%13.3%34.8%27.7%0.0%5.0%0.3%14.8K-451.9K-1.4K0.00106.6100283896
2021-03-29$35.10$30.0043.0%12.3%34.2%23.6%51.6%17.2%3.7%18.8K-467.5K-1.4K0.0078.1710283896
2021-03-30$35.24$30.0048.7%14.0%33.9%30.4%0.0%-8.2%12.1%15.1K-471.3K-1.3K0.0086.0200284896
2021-03-31$35.64$30.0042.6%12.2%33.9%23.2%0.0%7.2%2.9%21.1K-550.3K-1.2K0.00112.7700284896