CSV Options History — July 2025

In July 2025, CSV traded between $44.58 and $47.06. ATM implied volatility averaged 46.8%, placing in the 40.0% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 28.1% (HV 20d: 18.7%). Max pain ranged from $25.00 to $45.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 2.37.

Notable Days

2025-07-15: Highest Volume — 32 contracts
2025-07-29: Largest IV spike — 20.6% change
2025-07-29: Highest IV Rank — 58.2%
2025-07-29: Largest Expected Move — 17.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$46.08	$44.58	$47.06	$46.09	$45.04
Max Pain	$43.18	$25.00	$45.00	$25.00	$45.00
ATM IV	46.8%	34.8%	59.9%	40.0%	57.7%
Expected Move	13.3%	10.0%	17.2%	11.5%	16.5%
HV 20d	18.7%	17.0%	19.5%	19.5%	17.8%
HV 60d	21.0%	19.4%	24.4%	24.4%	19.9%
IV Rank	40.0%	23.5%	58.2%	30.6%	55.2%
IV Percentile	67.3%	29.8%	93.7%	50.4%	92.9%
Term Structure	-10.8%	-34.1%	12.4%	-2.0%	-17.6%
VWIV	41.4%	22.5%	57.0%	33.4%	57.0%
Skew 25d	11.5%	-8.2%	31.0%	31.0%	13.0%
Skew 10d	8.2%	-5.4%	45.7%	45.7%	7.4%
Call IV 25d	33.5%	19.9%	57.8%	26.3%	36.1%
Put IV 25d	44.9%	34.5%	63.5%	57.3%	49.1%
Bid-Ask Spread %	102.69	81.74	117.32	88.62	103.31
Gamma HHI	0.40	0.25	0.66	0.54	0.28
Net GEX	12.4K	-310	26.8K	21.3K	142
Net DEX	-992.1K	-1.4M	-453.7K	-1.3M	-466.3K
Net VEX	-1.4K	-1.6K	-991	-1.1K	-1.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.37	0.00	15.00	0.00	0.75
Total Volume	6.455	0	32	2	0
Total OI	346.5	271	447	361	298

Daily Data (22 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
2025-07-01	$46.09	$25.00	40.0%	11.5%	19.5%	30.6%	33.4%	31.0%	-2.0%	21.3K	-1.3M	-1.1K	0.00	88.62	2	0	354	7
2025-07-02	$46.35	$25.00	34.8%	10.0%	19.5%	23.5%	0.0%	19.3%	12.4%	22.1K	-1.3M	-1.2K	0.00	81.74	0	0	355	7
2025-07-03	$46.81	$45.00	36.9%	10.4%	18.7%	26.4%	44.7%	3.0%	-11.5%	21.3K	-1.4M	-1.2K	0.00	117.32	2	0	355	7
2025-07-07	$46.28	$45.00	41.8%	10.9%	19.3%	33.1%	35.6%	5.5%	-7.7%	22.8K	-1.3M	-1.2K	1.00	103.50	1	1	356	7
2025-07-08	$46.51	$45.00	40.0%	10.7%	19.3%	30.7%	32.2%	8.3%	-2.8%	26.7K	-1.4M	-1.1K	0.17	107.12	6	1	356	8
2025-07-09	$46.59	$45.00	37.9%	10.9%	19.2%	27.7%	0.0%	6.5%	-2.7%	26.8K	-1.4M	-991	0.00	111.41	0	0	357	9
2025-07-10	$47.06	$45.00	42.5%	12.2%	19.4%	34.0%	44.9%	10.1%	-5.1%	21.9K	-1.4M	-1.1K	0.00	100.99	0	28	357	9
2025-07-11	$46.25	$45.00	47.4%	13.6%	19.1%	40.9%	0.0%	19.2%	-14.5%	23.1K	-1.3M	-1.3K	0.00	106.23	0	0	358	37
2025-07-14	$46.82	$45.00	44.1%	12.6%	19.4%	36.3%	44.2%	12.9%	-12.7%	20.2K	-1.3M	-1.3K	0.00	101.93	0	1	358	37
2025-07-15	$46.05	$45.00	52.7%	15.1%	18.8%	48.3%	0.0%	14.3%	-24.5%	24.4K	-1.3M	-1.2K	15.00	99.78	2	30	358	38
2025-07-16	$46.66	$45.00	46.0%	13.2%	19.2%	39.0%	44.8%	12.2%	-11.3%	18.3K	-1.3M	-1.5K	2.50	102.49	4	10	368	68
2025-07-17	$46.66	$45.00	47.9%	13.7%	19.1%	41.5%	42.7%	6.2%	-9.6%	16.8K	-1.3M	-1.6K	0.67	98.25	3	2	367	78
2025-07-18	$46.41	$45.00	47.5%	13.6%	19.1%	41.0%	35.4%	9.7%	-11.1%	927	-1.3M	-1.6K	0.00	104.02	9	0	368	79
2025-07-21	$46.14	$45.00	48.4%	13.9%	17.9%	42.3%	22.5%	21.4%	-8.9%	1.1K	-557.7K	-1.5K	2.00	103.05	1	2	194	77
2025-07-22	$46.67	$45.00	47.5%	13.6%	17.5%	41.0%	47.4%	18.3%	-5.6%	815	-560.6K	-1.6K	0.50	102.82	2	1	195	79
2025-07-23	$45.84	$45.00	50.3%	14.4%	18.9%	45.0%	39.7%	15.4%	-11.2%	1.2K	-543.5K	-1.6K	0.50	102.97	2	1	197	80
2025-07-24	$45.58	$45.00	48.8%	14.0%	19.1%	42.8%	46.3%	10.2%	-11.6%	966	-513.5K	-1.6K	5.00	101.89	1	5	199	81
2025-07-25	$45.10	$45.00	50.3%	14.4%	18.3%	44.9%	50.3%	10.5%	-14.8%	805	-484.6K	-1.6K	7.50	103.99	2	15	200	86
2025-07-28	$45.55	$45.00	49.7%	14.2%	17.0%	44.1%	0.0%	7.0%	-14.7%	-310	-489.1K	-1.6K	0.00	102.92	0	0	202	91
2025-07-29	$44.78	$45.00	59.9%	17.2%	17.7%	58.2%	0.0%	-8.2%	-34.1%	460	-462.5K	-1.6K	0.00	107.04	1	0	202	91
2025-07-30	$44.58	$45.00	57.0%	16.4%	17.5%	54.3%	57.0%	6.9%	-15.5%	158	-453.7K	-1.6K	0.75	107.79	4	3	202	91
2025-07-31	$45.04	$45.00	57.7%	16.5%	17.8%	55.2%	0.0%	13.0%	-17.6%	142	-466.3K	-1.6K	0.00	103.31	0	0	204	94