CSV Options History — March 2023

In March 2023, CSV traded between $29.53 and $33.97. ATM implied volatility averaged 53.3%, placing in the 26.4% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded above realized volatility by 20.1% (HV 20d: 33.1%). Max pain ranged from $15.00 to $30.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.37.

Notable Days

  • 2023-03-01: Highest Volume — 667 contracts
  • 2023-03-08: Largest IV spike — 46.3% change
  • 2023-03-13: Highest IV Rank — 61.5%
  • 2023-03-03: Largest Expected Move — 17.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.87$29.53$33.97$33.97$30.27
Max Pain$18.59$15.00$30.00$30.00$22.50
ATM IV53.3%36.3%88.9%49.6%41.9%
Expected Move13.9%11.9%17.9%14.2%12.0%
HV 20d33.1%22.3%39.8%38.1%26.7%
HV 60d34.4%29.9%40.1%40.0%31.3%
IV Rank26.4%10.2%61.5%23.2%14.8%
IV Percentile58.0%9.5%98.8%56.7%22.6%
Term Structure-1.2%-25.3%15.8%-11.7%5.7%
VWIV49.5%38.1%82.6%48.8%41.9%
Skew 25d6.1%-11.0%23.3%-11.0%20.5%
Skew 10d7.7%-20.3%31.3%-20.3%31.3%
Call IV 25d42.0%24.8%58.8%58.8%24.8%
Put IV 25d48.2%39.6%61.6%47.8%45.3%
Bid-Ask Spread %98.9792.02108.4998.7895.55
Gamma HHI0.380.330.430.410.39
Net GEX30.6K19.2K35.9K19.2K28.8K
Net DEX-4.5M-6.4M-3.3M-5.9M-3.3M
Net VEX-6.1K-7.5K-3.9K-3.9K-5.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.002.000.000.40
Total Volume92.95706676677
Total OI2,687.0872,3113,1062,8802,311

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-03-01$33.97$30.0049.6%14.2%38.1%23.2%48.8%-11.0%-11.7%19.2K-5.9M-3.9K0.0098.7866612,299581
2023-03-02$33.81$30.0051.9%14.9%37.9%25.4%47.6%-0.9%-14.1%28.5K-6.4M-6.4K0.00105.5336812,525581
2023-03-03$33.95$30.0062.4%17.9%37.8%35.7%52.3%2.3%-25.3%26.1K-5.6M-5.3K0.10100.077172,279580
2023-03-06$33.23$15.0043.5%12.7%38.7%17.2%0.0%-2.5%2.7%27.4K-5.4M-6.3K1.0097.04222,280580
2023-03-07$33.72$15.0036.3%12.7%38.7%10.2%82.6%1.3%2.7%27.0K-5.2M-6.2K0.0296.2010022,188581
2023-03-08$32.89$15.0053.2%12.6%39.8%26.6%0.0%-0.9%4.0%27.9K-4.7M-6.0K0.0093.75202,111582
2023-03-09$32.56$15.0061.5%12.0%39.2%34.8%46.0%4.2%7.7%28.8K-4.6M-5.6K1.5092.02462,111582
2023-03-10$32.04$15.0062.5%12.5%38.8%35.7%41.6%9.9%2.8%29.5K-4.5M-5.7K0.0294.8915332,112588
2023-03-13$31.54$15.0088.9%14.0%37.8%61.5%0.0%6.6%-1.4%32.5K-4.6M-7.5K0.00100.70202,260591
2023-03-14$31.79$15.0083.8%14.8%37.1%56.5%0.0%17.6%-10.8%35.1K-4.6M-6.7K0.0092.96002,261571
2023-03-15$31.66$15.0048.2%13.8%36.8%21.8%51.8%9.1%-0.5%33.3K-4.7M-6.8K0.0098.80022,261571
2023-03-16$32.35$15.0051.5%14.8%34.4%25.0%60.2%23.3%15.8%32.0K-5.0M-6.8K0.00106.63012,261573
2023-03-17$31.82$15.0043.7%12.5%34.8%17.4%43.6%4.9%-9.7%34.8K-4.7M-6.8K0.00101.02202,261574
2023-03-20$31.46$15.0053.1%15.2%34.8%26.6%0.0%10.3%3.5%34.0K-4.6M-6.6K0.0099.99502,241464
2023-03-21$31.95$15.0058.4%16.7%34.2%31.0%0.0%5.7%-4.9%30.1K-4.7M-7.1K0.00100.86002,245464
2023-03-22$31.60$15.0044.5%12.8%34.0%17.3%47.8%13.4%13.2%35.9K-4.5M-6.4K0.00104.34032,199464
2023-03-23$30.63$15.0049.6%14.2%24.5%22.4%0.0%3.1%-4.3%34.5K-4.0M-6.6K0.00108.49002,130455
2023-03-24$30.78$15.0049.2%14.1%22.3%21.9%38.1%11.8%2.3%33.0K-4.1M-6.2K0.00101.3036702,130455
2023-03-27$31.16$22.5052.0%14.9%23.2%24.7%59.0%8.3%-7.8%33.0K-3.6M-6.2K0.3096.83102311,936455
2023-03-28$30.56$22.5054.2%15.6%23.7%26.9%44.8%-3.1%-16.3%33.3K-3.5M-5.9K2.0098.22121,938426
2023-03-29$29.81$22.5041.6%11.9%24.5%14.5%41.6%4.3%12.4%29.1K-3.3M-5.6K1.0095.6310101,939428
2023-03-30$29.53$22.5043.8%12.5%24.5%16.6%43.8%2.7%7.0%28.8K-3.3M-5.5K0.0296.7720141,943436
2023-03-31$30.27$22.5041.9%12.0%26.7%14.8%41.9%20.5%5.7%28.8K-3.3M-5.0K0.4095.55521,873438