CSV Options History — May 2023

In May 2023, CSV traded between $25.98 and $29.59. ATM implied volatility averaged 44.6%, placing in the 14.9% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 8.5% (HV 20d: 36.1%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 1.67.

Notable Days

  • 2023-05-04: Highest Volume — 373 contracts
  • 2023-05-25: Largest IV spike — 56.9% change
  • 2023-05-09: Highest IV Rank — 53.6%
  • 2023-05-01: Largest Expected Move — 17.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.57$25.98$29.59$29.59$25.98
Max Pain$25.71$25.00$30.00$30.00$25.00
ATM IV44.6%29.6%82.8%60.9%42.3%
Expected Move12.3%8.5%17.5%17.5%12.1%
HV 20d36.1%28.6%39.3%29.4%36.8%
HV 60d32.2%29.6%34.4%31.5%30.9%
IV Rank14.9%0.0%53.6%31.4%12.8%
IV Percentile32.9%0.0%97.6%82.9%24.2%
Term Structure-1.6%-19.9%14.2%-10.0%11.4%
VWIV40.7%26.1%50.6%48.0%32.4%
Skew 25d10.3%-5.2%31.2%25.3%6.3%
Skew 10d10.4%-8.9%30.2%30.2%7.9%
Call IV 25d35.2%25.2%49.1%46.1%36.1%
Put IV 25d45.6%26.9%71.3%71.3%42.3%
Bid-Ask Spread %109.1897.27121.8898.96119.11
Gamma HHI0.480.410.630.520.41
Net GEX64.6K52.3K79.6K61.4K52.3K
Net DEX-3.0M-3.4M-2.3M-3.3M-2.3M
Net VEX-14.7K-16.4K-12.2K-12.5K-13.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.670.0011.001.000.00
Total Volume46.0910373218
Total OI2,686.2272,0322,8852,0322,872

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$29.59$30.0060.9%17.5%29.4%31.4%48.0%25.3%-10.0%61.4K-3.3M-12.5K1.0098.96111,906126
2023-05-02$28.98$30.0040.6%11.6%30.2%10.7%50.6%11.9%-5.4%58.3K-3.1M-12.5K0.08115.142521,907127
2023-05-03$28.04$30.0043.2%12.4%28.6%13.4%0.0%13.8%-1.1%58.5K-2.8M-12.3K0.01109.1512711,932129
2023-05-04$26.70$0.0035.4%12.1%33.0%5.4%44.4%15.6%14.2%63.7K-2.4M-12.2K0.0797.27350232,062130
2023-05-05$27.63$25.0042.9%12.8%35.5%13.0%42.5%3.4%-6.4%79.6K-3.2M-15.3K9.1897.30333032,412154
2023-05-08$27.05$25.0056.8%13.6%36.2%27.2%0.0%8.6%-2.0%60.2K-2.7M-16.1K3.0099.07132,428457
2023-05-09$27.46$25.0082.8%13.0%36.1%53.6%0.0%15.1%13.5%64.6K-3.0M-15.8K0.00105.14102,429435
2023-05-10$28.30$25.0055.6%15.9%37.7%25.9%0.0%11.5%-18.4%68.2K-3.4M-16.4K0.00102.58012,428435
2023-05-11$27.87$25.0045.5%13.0%37.9%15.7%0.0%-5.0%-8.1%68.0K-3.2M-16.2K0.00105.68002,432434
2023-05-12$28.04$25.0039.5%11.3%37.0%9.5%0.0%-2.5%-7.5%68.7K-3.3M-16.1K0.00101.23102,432434
2023-05-15$28.14$25.0044.1%12.7%36.8%14.3%0.0%7.5%-5.5%69.2K-3.3M-15.8K0.00112.72002,431434
2023-05-16$27.40$25.0055.3%15.9%37.7%25.7%0.0%15.2%-19.9%63.7K-3.0M-15.5K0.00120.29012,431434
2023-05-17$27.24$25.0031.7%9.1%37.4%1.7%26.1%1.7%0.5%63.3K-2.9M-15.2K11.00117.301112,431374
2023-05-18$27.77$25.0036.5%10.5%38.2%6.6%0.0%12.3%5.5%61.5K-3.3M-15.4K0.00121.881202,431385
2023-05-19$27.34$25.0056.9%16.3%38.0%27.3%0.0%31.2%-5.7%68.4K-3.0M-15.6K3.00117.52132,442385
2023-05-22$27.69$25.0030.7%8.8%38.4%0.6%0.0%19.4%-1.7%68.5K-3.3M-15.0K0.00103.76502,421377
2023-05-23$27.80$25.0029.6%8.5%37.6%0.0%32.4%4.5%1.3%70.9K-3.3M-15.1K1.00104.77112,422377
2023-05-24$27.72$25.0030.0%8.6%37.0%0.3%0.0%-5.2%0.6%68.9K-3.3M-14.7K0.00107.98002,423378
2023-05-25$26.51$25.0047.0%13.5%39.3%17.6%0.0%21.7%8.5%64.5K-2.6M-14.2K0.00115.89502,423378
2023-05-26$26.81$25.0036.1%10.4%39.0%6.5%0.0%1.8%-2.3%61.7K-2.8M-14.4K0.00116.042602,425378
2023-05-30$26.59$25.0038.4%11.0%36.6%8.8%0.0%13.2%3.3%58.1K-2.7M-14.1K0.00113.105602,438378
2023-05-31$25.98$25.0042.3%12.1%36.8%12.8%0.0%6.3%11.4%52.3K-2.3M-13.9K0.00119.111802,494378