CSV Options History — November 2023

In November 2023, CSV traded between $20.21 and $23.33. ATM implied volatility averaged 48.7%, placing in the 31.1% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded below realized volatility by 2.9% (HV 20d: 51.7%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.27.

Notable Days

  • 2023-11-28: Highest Volume — 679 contracts
  • 2023-11-14: Largest IV spike — 42.3% change
  • 2023-11-07: Highest IV Rank — 57.1%
  • 2023-11-14: Largest Expected Move — 17.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.19$20.21$23.33$21.10$22.66
Max Pain$21.07$20.00$25.00$25.00$22.50
ATM IV48.7%34.9%72.0%49.6%40.9%
Expected Move12.8%10.0%17.5%14.2%11.7%
HV 20d51.7%30.8%58.6%30.8%57.9%
HV 60d49.2%42.1%52.4%42.1%52.2%
IV Rank31.1%15.7%57.1%32.0%22.4%
IV Percentile55.0%12.7%96.8%61.1%29.8%
Term Structure-3.7%-16.5%9.1%-14.9%9.1%
VWIV46.3%34.9%58.6%53.4%40.5%
Skew 25d2.1%-18.9%43.3%-8.9%-3.6%
Skew 10d-8.5%-35.8%6.1%-0.3%-25.2%
Call IV 25d43.6%29.2%55.0%51.8%41.8%
Put IV 25d45.7%31.6%91.3%43.0%38.2%
Bid-Ask Spread %111.3397.55124.79114.77109.08
Gamma HHI0.420.340.480.460.40
Net GEX24.8K4.3K37.0K24.0K29.0K
Net DEX62.2K-463.6K1.4M736.2K-327.4K
Net VEX-9.9K-15.1K-5.8K-11.0K-8.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.270.003.000.060.06
Total Volume130.571067920053
Total OI4,0583,6044,5474,2683,842

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$21.10$25.0049.6%14.2%30.8%32.0%53.4%-8.9%-14.9%24.0K736.2K-11.0K0.00114.7702003,2071,061
2023-11-02$22.88$20.0054.9%10.3%44.3%38.0%0.0%3.7%6.2%9.0K387.3K-13.7K0.06123.7710163,2071,161
2023-11-03$23.33$20.0052.3%12.2%44.1%35.1%0.0%-12.9%-7.0%27.8K-47.9K-15.1K3.00119.125153,3081,166
2023-11-06$22.92$20.0064.3%11.9%44.3%48.5%0.0%5.3%-15.1%32.5K54.3K-14.6K0.08122.461213,3131,159
2023-11-07$23.16$20.0072.0%10.9%44.6%57.1%0.0%-4.5%-8.7%30.6K1.9K-14.6K0.20123.061023,3131,159
2023-11-08$22.75$20.0043.3%12.4%43.6%25.1%53.2%10.3%-16.5%35.2K-114.3K-13.9K0.00124.790763,3131,159
2023-11-09$21.30$25.0036.7%10.5%47.7%17.7%58.6%7.8%-3.7%8.1K1.4M-8.7K0.39121.39166653,3131,234
2023-11-10$20.99$25.0038.6%11.1%47.4%19.8%0.0%-2.6%-11.1%25.3K153.3K-8.3K0.00123.18023,479635
2023-11-13$20.21$25.0042.9%12.3%48.4%24.6%42.9%-1.8%-3.0%29.4K224.3K-7.3K0.27114.52129353,479632
2023-11-14$21.92$20.0061.0%17.5%57.8%44.8%0.0%43.3%-16.1%28.5K-463.6K-11.4K0.00113.8932803,418643
2023-11-15$21.79$20.0050.6%14.5%54.6%33.2%0.0%20.1%7.7%37.0K-149.1K-9.6K0.00109.102703,318643
2023-11-16$21.41$20.0045.3%13.0%54.7%27.2%0.0%-1.7%-2.3%18.2K141.4K-7.5K0.00112.49013,328643
2023-11-17$22.63$20.0052.3%15.0%58.4%35.0%43.8%8.3%3.2%4.3K-145.0K-8.1K0.02101.906213,328644
2023-11-20$22.18$20.0042.1%12.1%58.6%23.7%42.1%-0.8%-0.7%30.0K-10.4K-7.9K0.0197.5531643,179575
2023-11-21$22.23$20.0044.0%12.6%58.6%25.8%43.7%5.3%-8.4%24.6K32.5K-7.5K0.0099.77103,182579
2023-11-22$22.41$20.0046.8%13.4%58.3%28.9%0.0%-2.8%0.9%27.1K-273.3K-9.3K0.00100.97003,183579
2023-11-24$22.77$20.0044.5%12.8%57.7%26.4%0.0%-9.8%7.7%28.2K-226.0K-8.8K0.0099.71003,183579
2023-11-27$22.50$20.0054.1%15.5%57.8%37.1%49.4%-18.9%-0.8%28.1K-39.2K-7.3K0.00103.2810303,183579
2023-11-28$22.70$20.0052.6%15.1%57.7%35.4%0.0%6.6%-6.9%29.5K-194.1K-8.0K0.00103.6367903,129579
2023-11-29$22.20$20.0034.9%10.0%58.3%15.7%34.9%2.0%3.5%13.4K211.0K-5.8K0.0199.4634023,025579
2023-11-30$22.66$22.5040.9%11.7%57.9%22.4%40.5%-3.6%9.1%29.0K-327.4K-8.6K0.06109.085033,260582