CSV Options History — September 2023

In September 2023, CSV traded between $28.26 and $31.84. ATM implied volatility averaged 40.1%, placing in the 19.1% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 17.2% (HV 20d: 22.9%). Max pain ranged from $22.50 to $30.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.48.

Notable Days

2023-09-29: Highest Volume — 410 contracts
2023-09-11: Largest IV spike — 321.1% change
2023-09-11: Highest IV Rank — 83.3%
2023-09-29: Largest Expected Move — 10.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.31	$28.26	$31.84	$30.84	$28.26
Max Pain	$22.88	$22.50	$30.00	$30.00	$22.50
ATM IV	40.1%	26.2%	110.5%	35.2%	36.6%
Expected Move	9.1%	8.3%	10.5%	10.1%	10.5%
HV 20d	22.9%	20.9%	25.8%	21.1%	23.1%
HV 60d	39.8%	21.6%	46.1%	45.6%	21.6%
IV Rank	19.1%	5.0%	83.3%	13.3%	17.6%
IV Percentile	20.7%	0.8%	99.6%	7.5%	17.1%
Term Structure	6.0%	-12.2%	22.0%	-12.2%	-2.6%
VWIV	32.7%	28.9%	51.7%	31.2%	51.7%
Skew 25d	-3.4%	-7.8%	11.7%	-2.6%	11.7%
Skew 10d	-4.1%	-12.1%	18.9%	4.8%	18.9%
Call IV 25d	33.5%	28.7%	36.2%	31.3%	36.2%
Put IV 25d	30.1%	27.1%	47.9%	28.7%	47.9%
Bid-Ask Spread %	106.43	70.89	121.22	121.22	70.89
Gamma HHI	0.88	0.71	0.97	0.79	0.96
Net GEX	206.9K	79.0K	284.3K	146.6K	223.2K
Net DEX	-5.0M	-6.6M	-2.9M	-5.5M	-2.9M
Net VEX	-14.1K	-16.6K	-12.0K	-16.6K	-12.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.48	0.00	3.56	0.00	3.56
Total Volume	44.25	0	410	1	410
Total OI	3,746.75	3,291	4,130	4,090	3,542

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
2023-09-01	$30.84	$30.00	35.2%	10.1%	21.1%	13.3%	0.0%	-2.6%	-12.2%	146.6K	-5.5M	-16.6K	0.00	121.22	1	0	3,373	717
2023-09-05	$29.94	$22.50	34.2%	9.0%	23.5%	12.4%	31.2%	-6.5%	1.0%	131.1K	-4.3M	-16.3K	3.00	105.00	1	3	3,373	717
2023-09-06	$30.16	$22.50	31.9%	9.2%	23.7%	10.3%	32.0%	-7.8%	0.4%	115.3K	-4.5M	-16.3K	0.00	102.80	0	14	3,373	716
2023-09-07	$30.00	$22.50	83.9%	8.9%	22.5%	58.6%	30.9%	-7.5%	2.3%	116.9K	-4.2M	-16.0K	0.04	108.38	28	1	3,373	717
2023-09-08	$30.08	$22.50	26.2%	9.1%	21.2%	5.0%	31.7%	-6.6%	1.1%	79.0K	-4.4M	-16.1K	0.07	102.42	15	1	3,397	717
2023-09-11	$30.32	$22.50	110.5%	8.9%	20.9%	83.3%	31.2%	-7.2%	1.1%	205.7K	-4.8M	-15.7K	0.00	102.27	6	0	3,412	718
2023-09-12	$30.70	$22.50	68.7%	9.0%	21.3%	44.5%	32.0%	-4.9%	2.2%	162.7K	-5.2M	-15.2K	0.00	104.69	29	0	3,408	718
2023-09-13	$31.31	$22.50	31.1%	8.9%	22.3%	9.5%	31.3%	-3.2%	1.2%	193.6K	-5.9M	-14.5K	0.00	101.85	35	0	3,384	718
2023-09-14	$31.84	$22.50	28.8%	8.3%	22.0%	7.4%	28.9%	-2.6%	19.1%	195.1K	-6.5M	-13.4K	0.42	102.97	26	11	3,350	718
2023-09-15	$31.61	$22.50	29.9%	8.6%	21.5%	10.1%	29.7%	-1.0%	4.2%	221.5K	-6.6M	-13.2K	0.00	104.27	24	0	3,310	719
2023-09-18	$30.93	$22.50	29.8%	8.6%	22.9%	10.0%	29.8%	-4.1%	-4.9%	250.2K	-5.8M	-13.4K	0.00	109.10	94	0	3,053	238
2023-09-19	$31.24	$22.50	29.8%	8.5%	23.2%	10.0%	36.6%	-5.4%	19.6%	252.1K	-6.4M	-13.1K	0.00	107.68	2	0	3,147	238
2023-09-20	$31.40	$22.50	30.3%	8.7%	23.2%	10.6%	30.1%	-2.4%	15.2%	249.9K	-6.5M	-12.9K	0.00	109.44	30	0	3,159	238
2023-09-21	$30.77	$22.50	30.2%	8.7%	24.2%	10.5%	0.0%	-5.2%	22.0%	266.3K	-5.7M	-13.4K	0.00	108.45	0	0	3,129	238
2023-09-22	$30.15	$22.50	31.3%	9.0%	24.9%	11.6%	31.3%	-6.6%	20.4%	272.3K	-5.0M	-13.4K	0.00	109.79	0	1	3,129	238
2023-09-25	$29.48	$22.50	30.4%	8.7%	25.8%	10.6%	30.4%	0.4%	21.0%	284.3K	-4.1M	-12.8K	0.00	115.91	0	20	3,129	238
2023-09-26	$29.23	$22.50	32.9%	9.4%	24.4%	13.4%	0.0%	-0.5%	6.7%	265.9K	-3.9M	-12.5K	0.00	111.99	12	0	3,140	231
2023-09-27	$29.18	$22.50	35.2%	10.1%	22.7%	16.0%	35.2%	-1.9%	4.8%	256.8K	-3.9M	-12.6K	0.54	113.97	70	38	3,160	231
2023-09-28	$28.76	$22.50	35.3%	10.1%	22.9%	16.1%	0.0%	-4.1%	-3.1%	250.3K	-3.5M	-12.9K	0.08	115.50	12	1	3,260	269
2023-09-29	$28.26	$22.50	36.6%	10.5%	23.1%	17.6%	51.7%	11.7%	-2.6%	223.2K	-2.9M	-12.0K	3.56	70.89	90	320	3,272	270