CSV Options History — December 2023

In December 2023, CSV traded between $23.10 and $25.45. ATM implied volatility averaged 42.0%, placing in the 23.6% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 7.6% (HV 20d: 34.3%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.16.

Notable Days

2023-12-20: Highest Volume — 201 contracts
2023-12-05: Largest IV spike — 97.4% change
2023-12-05: Highest IV Rank — 62.3%
2023-12-06: Largest Expected Move — 16.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$24.69	$23.10	$25.45	$23.10	$24.98
Max Pain	$24.88	$22.50	$25.00	$22.50	$25.00
ATM IV	42.0%	33.5%	76.7%	44.5%	36.2%
Expected Move	11.5%	10.3%	16.7%	12.7%	10.4%
HV 20d	34.3%	21.3%	50.7%	50.7%	21.6%
HV 60d	51.7%	40.4%	53.2%	52.4%	40.4%
IV Rank	23.6%	14.2%	62.3%	26.3%	17.1%
IV Percentile	32.9%	11.1%	97.6%	42.9%	17.1%
Term Structure	-4.2%	-22.5%	20.2%	4.8%	1.4%
VWIV	38.5%	36.0%	41.7%	36.1%	37.7%
Skew 25d	13.7%	0.2%	30.5%	0.3%	10.5%
Skew 10d	23.9%	6.1%	50.6%	15.4%	23.7%
Call IV 25d	35.0%	27.5%	63.0%	63.0%	34.2%
Put IV 25d	48.7%	37.6%	63.3%	63.3%	44.8%
Bid-Ask Spread %	90.71	74.83	105.85	105.59	95.34
Gamma HHI	0.43	0.37	0.52	0.41	0.52
Net GEX	16.7K	-39.3K	65.0K	29.2K	-39.3K
Net DEX	-384.4K	-1.0M	55.3K	-221.0K	55.3K
Net VEX	-7.2K	-9.8K	-5.2K	-7.8K	-5.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.16	0.00	0.83	0.00	0.00
Total Volume	40.6	0	201	130	10
Total OI	3,726	3,627	3,834	3,794	3,723

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
2023-12-01	$23.10	$22.50	44.5%	12.7%	50.7%	26.3%	0.0%	0.3%	4.8%	29.2K	-221.0K	-7.8K	0.00	105.59	130	0	3,210	584
2023-12-04	$23.39	$25.00	38.9%	11.8%	50.4%	20.1%	36.1%	4.2%	8.9%	17.4K	-97.0K	-6.9K	0.83	76.43	6	5	3,115	584
2023-12-05	$23.43	$25.00	76.7%	13.9%	49.9%	62.3%	41.7%	7.0%	-13.8%	21.5K	-266.2K	-7.8K	0.00	86.83	0	10	3,116	589
2023-12-06	$23.69	$25.00	61.7%	16.7%	49.9%	45.6%	38.3%	19.1%	-22.5%	41.0K	-375.6K	-7.8K	0.00	81.18	20	0	3,116	579
2023-12-07	$24.48	$25.00	54.2%	10.5%	50.6%	37.2%	36.6%	0.2%	-7.8%	40.4K	-644.5K	-8.7K	0.82	74.83	11	9	3,116	579
2023-12-08	$25.00	$25.00	41.0%	11.5%	43.7%	22.5%	40.9%	13.3%	-1.2%	61.4K	-1.0M	-9.8K	0.09	88.61	11	1	3,125	588
2023-12-11	$24.67	$25.00	33.5%	10.9%	43.6%	14.2%	0.0%	22.4%	-6.8%	2.8K	-324.1K	-6.4K	0.00	82.55	0	0	3,134	587
2023-12-12	$24.43	$25.00	35.4%	12.0%	40.7%	16.2%	41.1%	10.3%	-9.3%	36.8K	-525.7K	-8.0K	0.00	100.69	12	0	3,134	587
2023-12-13	$25.13	$25.00	41.4%	11.9%	31.7%	22.9%	0.0%	24.9%	-6.6%	65.0K	-979.7K	-9.0K	0.00	90.40	0	0	3,143	587
2023-12-14	$25.45	$25.00	36.0%	10.3%	31.4%	16.9%	36.0%	15.7%	20.2%	55.5K	-1.0M	-9.1K	0.01	85.44	141	2	3,143	587
2023-12-15	$25.14	$25.00	37.5%	10.7%	30.9%	18.6%	0.0%	11.0%	-13.4%	-12.2K	-269.8K	-5.5K	0.00	82.40	0	0	3,085	587
2023-12-18	$25.11	$25.00	37.8%	10.8%	25.4%	19.0%	37.9%	30.5%	-0.6%	46.5K	-811.6K	-7.9K	0.00	90.59	0	200	3,078	549
2023-12-19	$25.12	$25.00	36.1%	10.4%	23.7%	17.1%	0.0%	15.7%	-2.4%	21.5K	-375.4K	-7.6K	0.14	85.39	7	1	3,078	752
2023-12-20	$24.80	$25.00	36.2%	10.4%	24.6%	17.1%	38.1%	9.8%	-5.1%	-2.7K	-46.5K	-6.5K	0.02	90.90	198	3	3,081	753
2023-12-21	$24.92	$25.00	36.4%	10.4%	24.6%	17.3%	0.0%	13.4%	-7.8%	-1.3K	-80.2K	-6.5K	0.00	88.52	32	0	2,982	755
2023-12-22	$25.07	$25.00	41.6%	11.9%	24.3%	23.2%	39.1%	22.7%	-4.5%	5.5K	-119.5K	-6.4K	0.00	94.93	0	2	2,967	755
2023-12-26	$25.29	$25.00	37.8%	10.8%	23.5%	19.0%	0.0%	25.6%	-5.5%	-14.5K	-202.1K	-5.9K	0.00	104.81	0	0	2,967	757
2023-12-27	$25.27	$25.00	38.5%	11.0%	23.6%	19.7%	0.0%	9.5%	-8.0%	-17.0K	-177.8K	-6.1K	0.00	105.85	0	0	2,967	757
2023-12-28	$25.29	$25.00	37.7%	10.8%	21.3%	18.8%	37.7%	7.1%	-3.8%	-23.4K	-181.8K	-5.9K	0.00	102.93	1	0	2,967	757
2023-12-29	$24.98	$25.00	36.2%	10.4%	21.6%	17.1%	0.0%	10.5%	1.4%	-39.3K	55.3K	-5.2K	0.00	95.34	10	0	2,966	757