CSV Options History — May 2021

In May 2021, CSV traded between $36.63 and $38.64. ATM implied volatility averaged 32.3%, placing in the 13.1% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 6.5% (HV 20d: 25.8%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 3.60.

Notable Days

2021-05-20: Highest Volume — 25 contracts
2021-05-11: Largest IV spike — 68.6% change
2021-05-11: Highest IV Rank — 36.8%
2021-05-07: Largest Expected Move — 11.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$37.86	$36.63	$38.64	$37.72	$38.31
Max Pain	$35.00	$35.00	$35.00	$35.00	$35.00
ATM IV	32.3%	21.9%	52.8%	32.4%	30.9%
Expected Move	9.3%	6.3%	11.5%	9.3%	8.9%
HV 20d	25.8%	22.8%	27.9%	27.5%	24.2%
HV 60d	28.2%	27.7%	28.9%	28.1%	27.7%
IV Rank	13.1%	0.0%	36.8%	12.0%	11.8%
IV Percentile	10.7%	0.0%	68.3%	5.2%	6.7%
Term Structure	-2.8%	-18.9%	18.4%	6.5%	-9.8%
VWIV	30.8%	18.9%	43.7%	25.0%	20.6%
Skew 25d	5.2%	-17.4%	25.0%	1.4%	10.7%
Skew 10d	14.0%	-10.3%	66.2%	-10.3%	21.0%
Call IV 25d	30.8%	17.1%	41.8%	26.2%	32.1%
Put IV 25d	36.0%	21.7%	50.3%	27.6%	42.7%
Bid-Ask Spread %	113.34	105.19	125.66	110.73	114.76
Gamma HHI	0.34	0.24	0.54	0.33	0.26
Net GEX	3.3K	-2.7K	9.3K	3.1K	4.3K
Net DEX	-151.0K	-217.6K	-85.1K	-183.4K	-147.8K
Net VEX	-760	-898	-627	-759	-898
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.60	0.00	21.00	2.25	0.00
Total Volume	5.9	0	25	13	0
Total OI	554.05	482	612	570	489

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
2021-05-03	$37.72	$35.00	32.4%	9.3%	27.5%	12.0%	25.0%	1.4%	6.5%	3.1K	-183.4K	-759	2.25	110.73	4	9	131	439
2021-05-04	$37.57	$35.00	21.9%	6.3%	27.5%	0.0%	37.2%	25.0%	18.4%	1.7K	-157.4K	-854	1.00	115.32	4	4	127	448
2021-05-05	$38.55	$35.00	29.7%	8.5%	26.0%	9.3%	40.4%	-3.5%	-4.0%	3.2K	-217.6K	-652	0.00	114.98	3	0	127	451
2021-05-06	$38.46	$35.00	22.3%	10.0%	25.2%	0.4%	0.0%	10.2%	1.6%	9.3K	-215.9K	-675	4.00	105.19	1	4	126	451
2021-05-07	$38.64	$35.00	34.3%	11.5%	25.1%	14.7%	0.0%	6.3%	-8.6%	8.4K	-206.4K	-734	0.00	112.49	0	0	120	455
2021-05-10	$38.07	$35.00	31.3%	10.2%	26.1%	11.2%	0.0%	23.8%	-7.6%	6.3K	-170.8K	-627	0.00	110.75	1	0	119	455
2021-05-11	$37.16	$35.00	52.8%	10.4%	27.9%	36.8%	0.0%	2.0%	-18.9%	-2.7K	-103.3K	-728	0.00	114.20	0	0	119	455
2021-05-12	$36.63	$35.00	37.5%	10.8%	27.3%	20.4%	0.0%	-0.1%	-1.9%	-2.3K	-100.6K	-782	10.00	117.18	1	10	119	455
2021-05-13	$37.18	$35.00	28.0%	8.0%	26.7%	7.9%	0.0%	-8.3%	8.0%	-83	-131.1K	-765	1.00	122.06	1	1	120	449
2021-05-14	$37.94	$35.00	34.9%	10.0%	27.3%	17.0%	43.7%	12.4%	-8.6%	3.7K	-173.9K	-668	0.00	109.04	2	0	119	448
2021-05-17	$38.03	$35.00	37.7%	10.8%	27.3%	20.7%	0.0%	2.0%	-2.9%	3.4K	-169.2K	-739	0.00	111.47	0	0	120	448
2021-05-18	$37.71	$35.00	30.3%	8.7%	27.6%	11.0%	29.4%	15.9%	2.4%	4.2K	-176.3K	-632	21.00	114.21	1	21	120	448
2021-05-19	$37.35	$35.00	33.2%	9.5%	27.8%	14.8%	0.0%	-17.4%	-11.4%	-1.0K	-85.1K	-713	0.00	125.66	0	0	120	467
2021-05-20	$37.91	$35.00	35.1%	10.1%	22.8%	17.3%	0.0%	3.1%	-4.7%	4.3K	-152.6K	-726	4.00	114.06	5	20	120	467
2021-05-21	$38.31	$35.00	31.6%	9.1%	23.1%	12.7%	0.0%	3.8%	-14.9%	3.3K	-140.3K	-822	0.00	112.69	0	0	125	487
2021-05-24	$38.28	$35.00	36.6%	10.5%	22.9%	19.3%	0.0%	1.9%	-9.6%	4.1K	-129.0K	-815	0.00	109.95	13	0	110	373
2021-05-25	$37.47	$35.00	32.9%	9.4%	24.2%	14.4%	18.9%	17.6%	2.7%	3.5K	-103.5K	-882	0.00	114.69	4	0	109	373
2021-05-26	$37.44	$35.00	25.7%	7.4%	23.8%	4.9%	0.0%	0.8%	12.5%	4.0K	-104.5K	-897	0.00	108.10	0	0	113	373
2021-05-27	$38.48	$35.00	26.4%	7.6%	25.3%	5.8%	20.6%	-4.4%	-4.5%	4.5K	-152.3K	-834	0.00	109.20	0	9	113	373
2021-05-28	$38.31	$35.00	30.9%	8.9%	24.2%	11.8%	0.0%	10.7%	-9.8%	4.3K	-147.8K	-898	0.00	114.76	0	0	113	376