CSV Options History — March 2025

In March 2025, CSV traded between $37.39 and $39.58. ATM implied volatility averaged 34.1%, placing in the 18.8% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 11.0% (HV 20d: 23.1%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.36.

Notable Days

2025-03-03: Highest Volume — 270 contracts
2025-03-25: Largest IV drop — 36.0% change
2025-03-19: Highest IV Rank — 27.0%
2025-03-14: Largest Expected Move — 13.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.43	$37.39	$39.58	$39.58	$39.22
Max Pain	$33.42	$25.00	$35.00	$35.00	$35.00
ATM IV	34.1%	24.4%	41.0%	37.3%	28.1%
Expected Move	10.8%	7.8%	13.7%	10.7%	8.8%
HV 20d	23.1%	18.5%	27.8%	25.6%	18.9%
HV 60d	21.8%	21.0%	22.3%	21.0%	21.7%
IV Rank	18.8%	7.6%	27.0%	22.6%	11.9%
IV Percentile	22.8%	3.6%	45.2%	27.4%	8.3%
Term Structure	4.2%	-9.3%	15.4%	2.6%	-7.3%
VWIV	38.4%	29.2%	56.1%	56.1%	39.3%
Skew 25d	3.6%	-6.2%	17.8%	0.4%	4.4%
Skew 10d	5.5%	-6.7%	22.4%	0.5%	6.2%
Call IV 25d	34.4%	21.6%	45.9%	38.0%	26.1%
Put IV 25d	38.0%	24.1%	55.0%	38.4%	30.5%
Bid-Ask Spread %	102.21	91.74	113.22	102.28	106.22
Gamma HHI	0.36	0.24	0.48	0.45	0.26
Net GEX	18.2K	6.8K	27.5K	25.3K	10.4K
Net DEX	-1.9M	-3.1M	-1.4M	-3.1M	-1.5M
Net VEX	-1.4K	-1.9K	-1.1K	-1.5K	-1.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.36	0.00	2.90	0.00	0.13
Total Volume	29.905	0	270	270	9
Total OI	648.143	515	914	914	571

Daily Data (21 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
2025-03-03	$39.58	$35.00	37.3%	10.7%	25.6%	22.6%	56.1%	0.4%	2.6%	25.3K	-3.1M	-1.5K	0.00	102.28	269	1	888	26
2025-03-04	$39.17	$35.00	40.6%	11.6%	25.6%	26.5%	29.2%	17.8%	-2.0%	25.5K	-2.1M	-1.6K	0.00	106.52	161	0	677	27
2025-03-05	$38.41	$35.00	32.8%	9.4%	26.0%	17.4%	0.0%	-6.2%	10.1%	25.9K	-1.9M	-1.7K	0.00	102.63	11	0	626	27
2025-03-06	$38.32	$35.00	27.5%	7.9%	26.0%	11.2%	0.0%	14.3%	8.4%	26.5K	-1.9M	-1.7K	0.00	99.58	2	0	637	27
2025-03-07	$38.79	$35.00	27.2%	7.8%	25.8%	10.8%	0.0%	16.6%	12.0%	18.5K	-2.0M	-1.5K	0.00	102.79	0	0	637	27
2025-03-10	$39.14	$35.00	33.2%	9.5%	26.0%	17.8%	37.5%	7.7%	-6.3%	14.7K	-2.1M	-1.3K	0.00	113.22	1	0	637	27
2025-03-11	$37.99	$35.00	39.8%	13.2%	27.8%	25.5%	0.0%	3.4%	2.5%	24.9K	-1.9M	-1.5K	0.00	103.12	0	0	637	27
2025-03-12	$37.59	$35.00	39.8%	9.4%	27.7%	25.5%	36.7%	3.6%	7.5%	25.2K	-1.9M	-1.6K	0.00	105.10	13	0	637	27
2025-03-13	$37.39	$35.00	36.7%	8.3%	27.5%	21.9%	0.0%	-2.1%	15.4%	24.1K	-1.9M	-1.3K	0.00	104.54	20	0	648	27
2025-03-14	$37.78	$35.00	36.8%	13.7%	22.4%	22.1%	0.0%	0.4%	-1.1%	27.5K	-2.0M	-1.4K	0.25	105.11	4	1	660	27
2025-03-17	$37.91	$25.00	37.3%	12.5%	20.6%	22.6%	33.8%	3.3%	4.9%	23.0K	-2.0M	-1.4K	0.50	95.40	2	1	659	27
2025-03-18	$38.65	$25.00	36.5%	12.0%	22.2%	21.7%	0.0%	9.0%	8.4%	13.9K	-2.1M	-1.2K	0.00	96.83	0	0	660	27
2025-03-19	$38.44	$25.00	41.0%	12.5%	21.4%	27.0%	0.0%	2.4%	4.8%	24.3K	-2.0M	-1.4K	0.00	96.89	0	0	660	27
2025-03-20	$38.16	$0.00	39.0%	13.3%	20.8%	24.6%	0.0%	-2.0%	3.7%	19.7K	-2.0M	-1.2K	0.00	105.73	0	0	660	27
2025-03-21	$38.03	$0.00	34.6%	12.4%	20.7%	19.4%	41.4%	-3.9%	-0.4%	8.9K	-2.1M	-1.2K	2.90	95.46	10	29	660	27
2025-03-24	$38.35	$35.00	38.2%	10.8%	21.1%	23.6%	0.0%	0.5%	-9.3%	6.9K	-1.5M	-1.2K	0.00	103.81	4	0	467	48
2025-03-25	$38.10	$35.00	24.4%	9.8%	21.0%	7.6%	0.0%	11.1%	11.2%	6.8K	-1.4M	-1.1K	0.00	105.83	57	0	470	48
2025-03-26	$38.44	$35.00	25.2%	10.9%	21.4%	8.5%	0.0%	-2.2%	5.5%	9.7K	-1.5M	-1.5K	0.00	105.64	1	0	491	48
2025-03-27	$38.73	$35.00	29.1%	10.5%	18.5%	13.0%	33.2%	-2.7%	6.5%	9.2K	-1.5M	-1.5K	0.00	91.74	2	0	492	48
2025-03-28	$38.81	$35.00	30.3%	11.1%	18.5%	14.5%	39.3%	0.1%	11.5%	10.9K	-1.5M	-1.8K	2.00	97.96	10	20	493	48
2025-03-31	$39.22	$35.00	28.1%	8.8%	18.9%	11.9%	0.0%	4.4%	-7.3%	10.4K	-1.5M	-1.9K	0.13	106.22	8	1	503	68