CTL Options History — October 2015

In October 2015, CTL traded between $24.59 and $28.32. ATM implied volatility averaged 32.0%, placing in the 54.2% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 4.1% (HV 20d: 27.9%). Max pain ranged from $25.00 to $28.00. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 2.13.

Notable Days

  • 2015-10-26: Highest Volume — 21,406 contracts
  • 2015-10-12: Largest IV spike — 26.8% change
  • 2015-10-07: Highest IV Rank — 66.0%
  • 2015-10-07: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.72$24.59$28.32$24.68$28.26
Max Pain$26.00$25.00$28.00$28.00$27.00
ATM IV32.0%29.3%37.1%33.5%31.3%
Expected Move9.5%8.5%10.6%9.6%9.0%
HV 20d27.9%23.2%30.4%23.2%27.2%
HV 60d30.3%28.8%30.8%28.9%30.6%
IV Rank54.2%44.2%66.0%55.6%49.2%
IV Percentile87.6%77.0%96.8%91.7%80.6%
Term Structure-1.8%-4.9%3.5%3.5%-2.3%
VWIV35.4%26.4%49.7%39.2%32.8%
Skew 25d8.6%5.9%11.1%10.8%7.3%
Skew 10d22.0%10.3%39.9%12.7%19.3%
Call IV 25d29.8%26.5%33.3%30.6%27.6%
Put IV 25d38.3%33.3%42.9%41.4%34.9%
Bid-Ask Spread %36.2522.8552.1423.8028.12
Gamma HHI0.140.090.230.210.10
Net GEX-1.3M-2.7M362.6K-2.3M362.6K
Net DEX93.9M47.1M149.1M138.1M47.1M
Net VEX-1.1M-1.1M-996.1K-996.1K-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.130.704.523.690.97
Total Volume8,505.2273,82921,40613,4477,983
Total OI218,911.909194,626237,899226,565202,004

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-10-01$24.68$28.0033.5%9.6%23.2%55.6%39.2%10.8%3.5%-2.3M138.1M-996.1K3.6923.80N/AN/A2,86710,58095,034131,531
2015-10-02$24.59$28.0034.2%9.8%23.2%57.8%34.8%8.0%2.0%-2.7M149.1M-1.1M3.3922.85N/AN/A2,7229,22395,975135,590
2015-10-05$25.64$25.0032.2%10.1%27.6%60.4%34.4%10.9%-0.6%-2.5M131.0M-1.1M1.1552.14N/AN/A1,7802,04996,108136,084
2015-10-06$25.61$25.0030.9%10.1%25.6%60.5%40.3%8.5%-1.8%-2.5M127.5M-1.1M2.6131.33N/AN/A2,8627,46096,670135,883
2015-10-07$26.03$25.0031.3%10.6%26.4%66.0%43.9%8.7%-3.4%-2.2M120.3M-1.1M2.6238.22N/AN/A2,6867,03497,600135,948
2015-10-08$26.52$25.0031.6%9.9%27.3%59.0%40.6%9.2%-3.5%-1.8M110.3M-1.1M2.8442.41N/AN/A2,4647,00597,737136,118
2015-10-09$25.70$25.0029.3%9.9%28.7%58.5%39.0%7.5%0.4%-2.6M122.2M-1.1M3.9243.87N/AN/A1,5996,27598,294136,531
2015-10-12$25.84$25.0037.1%10.4%28.7%63.6%49.7%10.4%-4.4%-2.7M126.0M-1.1M4.5234.43N/AN/A1,3486,09498,454136,849
2015-10-13$25.76$25.0034.7%10.3%28.1%63.4%43.2%9.6%-3.5%-2.7M123.5M-1.1M2.0343.35N/AN/A3,0556,19998,602137,099
2015-10-14$26.15$25.0036.9%10.6%28.3%65.8%44.0%11.0%-4.9%-2.0M113.3M-1.1M1.8950.09N/AN/A2,9595,59497,908137,877
2015-10-15$27.00$25.0031.5%9.0%30.4%49.7%32.9%11.1%-1.0%-640.9K97.5M-1.1M1.4740.98N/AN/A3,3544,94198,126138,164
2015-10-16$26.77$26.0030.3%8.7%30.1%46.4%30.2%8.3%0.4%-1.0M97.8M-1.1M1.0443.37N/AN/A4,6524,83599,352138,547
2015-10-19$26.91$26.0030.7%8.8%30.0%47.3%31.9%7.3%-1.3%-831.4K82.1M-1.1M1.7038.79N/AN/A3,0355,16475,700118,926
2015-10-20$27.13$26.0030.8%8.8%29.2%47.6%28.9%5.9%-0.6%-825.6K77.0M-1.1M1.6826.72N/AN/A2,1763,64777,447120,404
2015-10-21$27.17$26.0031.4%9.0%28.8%49.3%26.4%9.0%-2.6%-672.8K74.9M-1.1M1.5033.43N/AN/A3,0004,51379,574120,925
2015-10-22$27.89$26.0030.5%8.7%29.7%46.8%28.7%8.6%-1.3%-250.5K63.6M-1.1M1.2542.90N/AN/A2,8523,57081,685121,389
2015-10-23$28.01$26.0029.6%8.5%29.6%44.2%30.6%6.8%-1.8%-105.3K56.6M-1.1M1.5029.62N/AN/A1,8492,77483,414121,516
2015-10-26$28.32$27.0032.0%9.2%26.7%51.3%31.3%7.3%-3.4%109.5K49.1M-1.1M4.4235.75N/AN/A3,94717,45984,134122,001
2015-10-27$27.64$27.0031.5%9.0%28.9%49.8%32.0%7.4%-3.0%-1.1K57.0M-1.0M0.9824.00N/AN/A2,3962,33885,426114,630
2015-10-28$28.11$27.0031.9%9.1%28.7%50.9%32.3%8.5%-3.6%156.3K50.8M-1.0M0.9346.33N/AN/A2,5512,37484,859114,872
2015-10-29$28.06$27.0031.6%9.1%27.5%50.2%32.1%6.4%-2.9%255.8K50.3M-1.0M0.7025.03N/AN/A3,4442,40685,868115,207
2015-10-30$28.26$27.0031.3%9.0%27.2%49.2%32.8%7.3%-2.3%362.6K47.1M-1.0M0.9728.12N/AN/A4,0593,92486,610115,394