CSV Options History — January 2023

In January 2023, CSV traded between $28.52 and $32.16. ATM implied volatility averaged 50.5%, placing in the 24.0% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 12.3% (HV 20d: 38.1%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.38.

Notable Days

2023-01-31: Highest Volume — 152 contracts
2023-01-04: Largest IV spike — 58.4% change
2023-01-10: Highest IV Rank — 40.0%
2023-01-10: Largest Expected Move — 17.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.33	$28.52	$32.16	$28.52	$32.16
Max Pain	$29.50	$25.00	$30.00	$25.00	$30.00
ATM IV	50.5%	36.2%	66.9%	36.2%	37.8%
Expected Move	14.2%	10.4%	17.7%	10.4%	10.8%
HV 20d	38.1%	26.1%	53.4%	53.1%	27.9%
HV 60d	71.5%	44.8%	80.7%	80.6%	45.0%
IV Rank	24.0%	10.7%	40.0%	10.7%	11.6%
IV Percentile	55.1%	10.7%	92.9%	10.7%	14.7%
Term Structure	-0.1%	-12.7%	17.7%	17.7%	17.7%
VWIV	48.1%	40.7%	57.4%	40.7%	46.4%
Skew 25d	11.1%	-12.3%	32.9%	-5.8%	10.6%
Skew 10d	12.6%	-19.5%	65.7%	-19.5%	56.6%
Call IV 25d	38.6%	24.7%	60.0%	43.8%	31.2%
Put IV 25d	49.7%	38.0%	71.2%	38.0%	41.9%
Bid-Ask Spread %	111.18	99.95	122.92	100.38	112.27
Gamma HHI	0.34	0.24	0.48	0.24	0.30
Net GEX	44.9K	19.8K	89.5K	19.8K	22.6K
Net DEX	-7.5M	-8.2M	-6.6M	-6.6M	-8.2M
Net VEX	-8.3K	-11.5K	-5.7K	-10.7K	-6.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.38	0.00	2.00	1.67	0.01
Total Volume	15.65	1	152	8	152
Total OI	5,391.55	3,588	6,366	6,307	3,623

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
2023-01-03	$28.52	$25.00	36.2%	10.4%	53.1%	10.7%	40.7%	-5.8%	17.7%	19.8K	-6.6M	-10.7K	1.67	100.38	3	5	5,312	995
2023-01-04	$28.85	$25.00	57.3%	16.4%	52.1%	30.7%	57.4%	-12.3%	-10.2%	59.2K	-6.8M	-11.1K	0.00	99.95	25	0	5,314	997
2023-01-05	$28.86	$30.00	49.3%	15.6%	52.1%	22.9%	42.4%	10.4%	-4.6%	66.1K	-7.3M	-9.9K	0.00	106.15	16	0	5,332	997
2023-01-06	$30.18	$30.00	63.5%	14.8%	53.2%	36.8%	51.3%	-0.1%	-0.9%	89.5K	-8.2M	-10.5K	1.25	112.41	4	5	5,346	997
2023-01-09	$29.38	$30.00	59.2%	14.4%	52.9%	32.5%	0.0%	-3.9%	-10.3%	63.7K	-7.1M	-10.1K	0.00	113.14	2	0	5,348	1,002
2023-01-10	$30.29	$30.00	66.9%	17.7%	53.4%	40.0%	0.0%	13.1%	-12.7%	74.1K	-7.8M	-11.5K	0.00	113.89	10	0	5,350	1,002
2023-01-11	$30.34	$30.00	45.0%	12.9%	52.8%	18.7%	49.3%	-1.3%	-2.9%	70.3K	-7.6M	-9.7K	0.67	115.78	3	2	5,357	1,002
2023-01-12	$30.12	$30.00	53.5%	15.3%	43.0%	27.0%	0.0%	13.0%	-8.8%	75.4K	-7.4M	-10.3K	0.67	109.79	3	2	5,359	1,002
2023-01-13	$30.27	$30.00	51.6%	14.8%	40.0%	25.1%	0.0%	16.5%	-4.9%	43.4K	-7.3M	-8.3K	0.00	111.37	3	0	5,360	1,003
2023-01-17	$30.63	$30.00	54.0%	15.5%	39.8%	27.5%	0.0%	23.0%	-0.0%	38.5K	-7.4M	-8.8K	0.67	108.87	3	2	5,363	1,003
2023-01-18	$30.15	$30.00	50.6%	14.5%	32.0%	24.2%	0.0%	20.0%	-9.6%	35.0K	-7.5M	-6.4K	0.00	111.50	5	0	5,362	1,003
2023-01-19	$30.38	$30.00	49.8%	14.3%	26.5%	23.4%	49.8%	11.6%	10.2%	33.2K	-7.5M	-6.2K	0.00	108.63	18	0	5,360	1,003
2023-01-20	$30.49	$30.00	47.6%	13.7%	26.1%	21.3%	47.6%	16.7%	8.9%	29.0K	-7.7M	-6.5K	0.00	108.77	14	0	5,356	1,003
2023-01-23	$30.80	$30.00	48.9%	14.0%	26.1%	22.5%	46.4%	14.8%	8.0%	28.1K	-7.7M	-6.5K	2.00	109.84	7	14	3,150	438
2023-01-24	$30.76	$30.00	52.3%	15.0%	26.2%	25.8%	0.0%	12.2%	-2.3%	28.1K	-7.6M	-7.0K	0.00	117.08	0	1	3,156	461
2023-01-25	$30.63	$30.00	51.4%	14.7%	26.4%	25.0%	0.0%	32.9%	-0.4%	26.8K	-7.6M	-5.9K	0.00	108.51	1	0	3,156	460
2023-01-26	$31.28	$30.00	46.1%	13.2%	26.2%	19.7%	0.0%	19.1%	4.4%	24.5K	-7.9M	-6.9K	0.00	114.68	5	0	3,157	460
2023-01-27	$31.38	$30.00	38.3%	11.0%	26.3%	12.1%	0.0%	8.2%	-6.9%	33.4K	-7.9M	-5.7K	0.00	117.63	3	0	3,160	460
2023-01-30	$31.20	$30.00	49.7%	14.3%	26.7%	23.3%	0.0%	22.6%	4.7%	37.4K	-7.4M	-7.4K	0.25	122.92	4	1	3,162	460
2023-01-31	$32.16	$30.00	37.8%	10.8%	27.9%	11.6%	0.0%	10.6%	17.7%	22.6K	-8.2M	-6.5K	0.01	112.27	150	2	3,162	461