CSV Options History — February 2025

In February 2025, CSV traded between $39.77 and $42.33. ATM implied volatility averaged 46.1%, placing in the 32.9% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 23.4% (HV 20d: 22.8%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.11.

Notable Days

2025-02-07: Highest Volume — 102 contracts
2025-02-11: Largest IV drop — 41.9% change
2025-02-05: Highest IV Rank — 44.4%
2025-02-05: Largest Expected Move — 16.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.93	$39.77	$42.33	$40.42	$39.77
Max Pain	$33.42	$25.00	$35.00	$25.00	$35.00
ATM IV	46.1%	28.6%	56.0%	50.1%	28.6%
Expected Move	13.3%	8.2%	16.1%	14.4%	8.2%
HV 20d	22.8%	18.7%	26.3%	18.9%	25.9%
HV 60d	21.7%	20.2%	23.0%	22.9%	21.1%
IV Rank	32.9%	12.5%	44.4%	37.5%	12.5%
IV Percentile	55.7%	7.5%	81.7%	67.9%	7.5%
Term Structure	-0.2%	-10.8%	6.7%	-2.4%	5.3%
VWIV	48.4%	28.1%	59.9%	45.9%	28.1%
Skew 25d	11.8%	0.2%	24.8%	8.7%	4.5%
Skew 10d	17.7%	-5.1%	40.0%	6.4%	8.4%
Call IV 25d	37.5%	25.9%	51.8%	51.8%	29.6%
Put IV 25d	49.3%	34.1%	60.6%	60.6%	34.1%
Bid-Ask Spread %	93.82	82.65	110.61	110.29	110.61
Gamma HHI	0.36	0.28	0.50	0.29	0.32
Net GEX	23.9K	18.1K	32.4K	21.0K	18.1K
Net DEX	-3.0M	-3.3M	-2.6M	-2.6M	-3.1M
Net VEX	-2.1K	-2.3K	-1.4K	-2.3K	-1.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.11	0.00	1.25	1.25	0.20
Total Volume	16.947	0	102	9	0
Total OI	879.421	777	957	803	914

Daily Data (19 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
2025-02-03	$40.42	$25.00	50.1%	14.4%	18.9%	37.5%	0.0%	8.7%	-2.4%	21.0K	-2.6M	-2.3K	1.25	110.29	4	5	778	25
2025-02-04	$40.80	$25.00	46.0%	13.2%	19.1%	32.6%	45.9%	8.7%	4.8%	19.8K	-2.7M	-2.2K	0.00	99.33	3	0	777	30
2025-02-05	$40.86	$25.00	56.0%	16.1%	19.0%	44.4%	0.0%	0.2%	-10.3%	19.6K	-2.7M	-2.2K	0.00	102.93	3	0	778	30
2025-02-06	$41.45	$35.00	52.3%	11.9%	19.3%	40.0%	41.2%	13.6%	6.7%	19.2K	-2.8M	-2.0K	0.00	91.13	32	0	776	30
2025-02-07	$41.02	$35.00	45.5%	13.4%	19.8%	32.2%	51.6%	23.2%	0.2%	19.6K	-2.6M	-2.2K	0.00	97.94	102	0	747	30
2025-02-10	$40.94	$35.00	52.0%	13.7%	18.8%	39.6%	0.0%	10.5%	-10.8%	24.7K	-3.0M	-2.2K	0.00	82.65	12	0	848	30
2025-02-11	$41.14	$35.00	30.2%	13.9%	18.7%	14.3%	0.0%	13.3%	-4.4%	24.8K	-3.0M	-2.3K	0.00	87.64	0	2	849	30
2025-02-12	$40.61	$35.00	40.6%	11.6%	19.1%	26.4%	0.0%	5.1%	2.3%	26.0K	-3.0M	-2.0K	0.00	84.27	1	0	849	28
2025-02-13	$42.33	$35.00	53.6%	15.4%	23.5%	41.6%	54.8%	20.8%	-5.0%	22.7K	-3.1M	-2.0K	0.00	84.18	51	0	848	27
2025-02-14	$41.06	$35.00	45.3%	13.0%	26.3%	31.8%	51.4%	5.9%	-2.8%	25.8K	-3.2M	-2.0K	0.00	91.42	4	0	895	27
2025-02-18	$41.02	$35.00	48.0%	13.8%	26.3%	35.0%	0.0%	24.8%	3.6%	26.3K	-3.2M	-2.0K	0.00	87.03	3	0	896	27
2025-02-19	$41.55	$35.00	47.9%	13.7%	26.3%	34.9%	0.0%	10.0%	5.2%	26.2K	-3.2M	-2.1K	0.00	91.37	32	0	901	27
2025-02-20	$40.83	$35.00	55.6%	15.9%	25.9%	43.8%	0.0%	13.1%	-5.7%	25.8K	-3.3M	-2.1K	0.00	97.71	20	0	930	27
2025-02-21	$40.95	$35.00	48.2%	13.8%	25.5%	35.3%	46.7%	14.2%	4.0%	24.6K	-3.2M	-2.1K	0.17	87.03	6	1	910	27
2025-02-24	$40.90	$35.00	50.1%	14.4%	25.4%	37.5%	59.9%	4.2%	2.5%	26.8K	-3.0M	-2.3K	0.03	87.17	33	1	856	24
2025-02-25	$41.00	$35.00	51.6%	14.8%	24.4%	39.2%	55.7%	20.9%	1.1%	25.1K	-3.2M	-2.1K	0.00	90.40	0	1	887	25
2025-02-26	$41.16	$35.00	39.9%	11.4%	24.3%	25.6%	0.0%	14.8%	3.5%	25.2K	-3.2M	-2.0K	0.00	95.73	0	0	887	26
2025-02-27	$39.81	$35.00	35.1%	10.1%	25.9%	20.1%	28.1%	7.9%	-2.3%	32.4K	-3.1M	-1.7K	0.20	103.84	5	1	887	26
2025-02-28	$39.77	$35.00	28.6%	8.2%	25.9%	12.5%	0.0%	4.5%	5.3%	18.1K	-3.1M	-1.4K	0.00	110.61	0	0	888	26