CSV Options History — November 2025

In November 2025, CSV traded between $40.70 and $43.95. ATM implied volatility averaged 43.9%, placing in the 36.4% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 16.8% (HV 20d: 27.1%). Max pain ranged from $30.00 to $45.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 1.48.

Notable Days

2025-11-14: Highest Volume — 9 contracts
2025-11-12: Largest IV drop — 29.7% change
2025-11-10: Highest IV Rank — 63.4%
2025-11-05: Largest Expected Move — 15.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.91	$40.70	$43.95	$43.95	$43.14
Max Pain	$37.11	$30.00	$45.00	$45.00	$30.00
ATM IV	43.9%	33.1%	64.0%	41.9%	39.0%
Expected Move	11.7%	9.5%	15.5%	12.0%	11.2%
HV 20d	27.1%	22.3%	29.5%	22.3%	27.1%
HV 60d	28.1%	27.3%	29.0%	27.7%	27.8%
IV Rank	36.4%	20.0%	63.4%	32.3%	30.8%
IV Percentile	61.3%	29.4%	96.0%	61.5%	50.0%
Term Structure	-1.5%	-11.0%	10.6%	10.6%	-8.2%
VWIV	49.1%	21.6%	74.7%	46.3%	21.6%
Skew 25d	5.1%	-9.6%	19.4%	19.4%	-9.6%
Skew 10d	6.5%	-10.8%	31.1%	25.7%	0.8%
Call IV 25d	38.9%	18.7%	60.0%	35.3%	35.6%
Put IV 25d	44.0%	26.0%	58.3%	54.7%	26.0%
Bid-Ask Spread %	117.05	108.15	124.21	108.15	112.95
Gamma HHI	0.82	0.76	0.88	0.76	0.86
Net GEX	17.0K	14.9K	19.3K	17.5K	19.3K
Net DEX	-385.9K	-538.6K	-328.8K	-538.6K	-455.3K
Net VEX	-2.9K	-3.4K	-2.6K	-3.4K	-2.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.48	0.00	8.00	1.00	0.00
Total Volume	1.211	0	9	2	1
Total OI	336	304	353	350	306

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
2025-11-03	$43.95	$45.00	41.9%	12.0%	22.3%	32.3%	46.3%	19.4%	10.6%	17.5K	-538.6K	-3.4K	1.00	108.15	1	1	296	54
2025-11-04	$42.86	$45.00	48.0%	13.8%	22.5%	41.0%	0.0%	2.7%	-9.4%	17.2K	-485.8K	-3.3K	0.00	112.46	0	0	297	55
2025-11-05	$43.29	$45.00	54.0%	15.5%	22.9%	49.3%	53.9%	-6.4%	-11.0%	17.2K	-442.2K	-3.3K	0.00	113.36	0	1	297	55
2025-11-06	$41.23	$40.00	58.3%	13.8%	27.9%	55.4%	0.0%	6.7%	0.8%	14.9K	-353.2K	-3.1K	0.00	115.00	2	0	297	56
2025-11-07	$40.72	$40.00	54.9%	12.1%	27.8%	50.6%	0.0%	4.3%	-0.5%	14.9K	-337.1K	-3.1K	0.00	116.42	0	0	298	54
2025-11-10	$41.20	$40.00	64.0%	12.0%	28.3%	63.4%	0.0%	8.6%	0.4%	15.6K	-347.1K	-3.0K	0.00	120.39	0	0	298	54
2025-11-11	$41.76	$40.00	54.5%	11.9%	28.5%	50.0%	0.0%	2.8%	2.0%	16.1K	-340.8K	-3.0K	0.00	121.09	0	0	298	54
2025-11-12	$41.41	$40.00	38.3%	11.0%	28.1%	27.4%	0.0%	2.2%	8.2%	15.7K	-336.4K	-3.0K	0.00	120.31	0	0	298	54
2025-11-13	$41.61	$40.00	33.7%	9.7%	27.6%	20.9%	0.0%	-3.7%	9.2%	16.1K	-328.8K	-2.9K	0.00	109.47	0	0	298	54
2025-11-14	$41.34	$40.00	33.1%	9.5%	27.5%	20.0%	0.0%	15.0%	7.2%	16.4K	-379.8K	-2.9K	8.00	109.96	1	8	298	42
2025-11-17	$40.92	$40.00	38.5%	11.0%	27.2%	30.1%	0.0%	1.4%	-4.2%	16.2K	-364.0K	-2.8K	0.33	117.22	3	1	297	34
2025-11-18	$40.70	$40.00	43.3%	12.4%	26.4%	37.4%	74.7%	5.4%	-10.4%	17.2K	-341.6K	-2.7K	1.00	118.26	1	1	297	33
2025-11-19	$41.05	$30.00	40.2%	11.5%	26.8%	32.6%	0.0%	5.0%	-2.7%	18.4K	-345.4K	-2.7K	0.00	124.21	0	0	298	34
2025-11-20	$41.16	$30.00	35.8%	10.3%	26.8%	25.8%	0.0%	12.5%	7.2%	17.2K	-354.9K	-2.7K	0.00	120.32	0	0	298	34
2025-11-21	$42.39	$30.00	38.9%	11.1%	29.4%	30.6%	0.0%	13.1%	-6.8%	18.0K	-405.6K	-2.8K	0.00	119.09	0	0	298	34
2025-11-24	$42.09	$30.00	40.2%	11.5%	29.0%	32.6%	0.0%	3.9%	-0.5%	18.2K	-340.5K	-2.6K	0.00	121.12	0	0	273	31
2025-11-25	$42.82	$30.00	39.3%	11.3%	29.5%	31.2%	0.0%	5.5%	-8.7%	17.9K	-408.7K	-2.8K	0.00	121.75	2	0	273	31
2025-11-26	$42.74	$30.00	38.0%	10.9%	28.6%	29.3%	0.0%	8.6%	-10.9%	18.9K	-425.4K	-2.8K	0.00	122.39	0	0	275	31
2025-11-28	$43.14	$30.00	39.0%	11.2%	27.1%	30.8%	21.6%	-9.6%	-8.2%	19.3K	-455.3K	-2.8K	0.00	112.95	1	0	275	31