CTL Options History — August 2017

In August 2017, CTL traded between $19.19 and $23.70. ATM implied volatility averaged 34.5%, placing in the 60.5% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 1.8% (HV 20d: 36.4%). Max pain ranged from $20.00 to $24.00. Net GEX was positive for 13 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 1.05.

Notable Days

  • 2017-08-22: Highest Volume — 88,791 contracts
  • 2017-08-18: Largest IV spike — 30.0% change
  • 2017-08-18: Highest IV Rank — 100.0%
  • 2017-08-18: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.10$19.19$23.70$23.37$19.73
Max Pain$21.65$20.00$24.00$23.00$20.00
ATM IV34.5%27.5%47.2%40.0%30.4%
Expected Move9.9%8.1%13.5%11.5%8.7%
HV 20d36.4%25.4%44.4%25.4%41.1%
HV 60d28.9%23.6%33.2%25.4%33.2%
IV Rank60.5%41.2%100.0%79.1%46.7%
IV Percentile89.0%73.8%100.0%99.2%77.8%
Term Structure0.5%-10.8%8.7%-8.0%6.1%
VWIV35.7%29.6%45.9%39.4%30.6%
Skew 25d2.5%-2.6%5.3%5.0%-2.6%
Skew 10d3.1%-2.9%17.5%1.1%-2.4%
Call IV 25d33.5%26.6%47.2%37.8%31.7%
Put IV 25d36.1%29.1%50.6%42.7%29.1%
Bid-Ask Spread %15.678.0064.0213.718.00
Gamma HHI0.160.090.240.150.19
Net GEX1.4M-1.5M6.4M5.7M-1.5M
Net DEX63.0M-59.3M135.3M-36.8M112.9M
Net VEX-931.7K-1.3M-658.8K-958.5K-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.172.821.421.18
Total Volume25,754.3045,42488,79111,98911,744
Total OI368,750.348300,384471,378300,384453,801

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2017-08-01$23.37$23.0040.0%11.5%25.4%79.1%39.4%5.0%-8.0%5.7M-36.8M-958.5K1.4213.71N/AN/A4,9577,032207,55892,826
2017-08-02$23.70$23.0041.6%11.9%25.7%84.3%42.9%4.9%-10.8%6.4M-59.3M-987.3K0.7364.02N/AN/A12,9999,447210,06293,101
2017-08-03$22.43$24.0031.0%9.0%32.2%50.8%32.2%2.8%0.1%4.9M16.2M-855.0K0.9220.92N/AN/A20,64818,968212,96194,097
2017-08-04$22.48$23.0033.1%9.1%32.1%51.7%31.6%2.0%-0.6%5.1M6.9M-914.2K1.0116.07N/AN/A11,34711,455219,191101,566
2017-08-07$22.33$23.0030.5%8.5%32.1%44.9%30.6%3.7%1.1%4.7M25.3M-857.8K1.4118.21N/AN/A5,6798,010223,178101,820
2017-08-08$21.93$23.0027.5%8.5%32.5%44.9%29.9%2.9%-0.8%2.9M49.4M-779.7K0.5116.82N/AN/A25,55312,907223,907102,228
2017-08-09$21.81$23.0029.5%8.5%30.4%44.9%35.5%5.3%0.3%-177.5K67.5M-758.1K2.4012.65N/AN/A3,3868,138206,308109,788
2017-08-10$21.67$23.0030.3%8.7%30.1%47.5%37.4%4.4%-1.3%-614.7K74.0M-760.1K0.6411.02N/AN/A4,3842,803207,114111,533
2017-08-11$21.68$23.0029.2%8.4%29.7%43.8%37.1%3.1%0.0%-849.7K76.8M-741.9K0.8511.01N/AN/A2,9272,497207,526111,512
2017-08-14$21.99$23.0028.4%8.1%30.3%41.2%29.6%4.3%-0.0%-605.6K68.0M-747.0K1.1410.84N/AN/A2,6302,994207,306112,344
2017-08-15$20.72$23.0035.1%10.1%35.7%63.1%35.6%1.6%-1.4%-1.2M100.2M-699.4K1.7415.22N/AN/A16,00727,912207,610112,312
2017-08-16$20.92$22.0034.3%9.8%35.4%60.3%35.0%3.6%-0.6%-1.3M105.1M-743.2K1.9016.29N/AN/A7,85014,917219,570124,044
2017-08-17$19.55$22.0036.3%10.4%40.1%66.9%35.9%0.3%-0.8%-1.3M135.3M-658.8K0.4115.09N/AN/A16,8026,950224,945124,748
2017-08-18$19.30$20.0047.2%13.5%39.9%100.0%45.9%3.4%-1.3%-29.9K120.7M-748.8K0.2521.62N/AN/A54,30413,621237,656128,149
2017-08-21$19.19$20.0043.6%12.5%39.6%88.6%45.0%2.3%0.1%1.7M80.2M-844.1K0.5313.69N/AN/A13,9297,338251,100122,953
2017-08-22$19.85$20.0042.0%12.0%42.1%83.5%42.5%4.1%-0.4%2.2M57.3M-922.5K2.8210.54N/AN/A23,25365,538254,365126,392
2017-08-23$20.49$20.0038.2%11.0%44.3%71.4%37.7%0.3%2.7%2.5M40.6M-1.2M2.269.77N/AN/A13,45230,415265,503159,165
2017-08-24$20.05$20.0034.1%9.8%42.7%58.4%34.5%0.8%3.3%-341.1K122.0M-1.3M0.3913.03N/AN/A10,3944,073264,400206,978
2017-08-25$20.27$20.0034.2%9.8%43.2%58.6%33.8%-1.0%3.7%621.8K81.5M-1.2M0.6211.78N/AN/A5,2593,259268,395188,120
2017-08-28$20.72$20.0033.6%9.6%44.4%56.9%34.8%1.6%6.4%1.3M57.3M-1.2M0.379.20N/AN/A9,8323,626269,659189,185
2017-08-29$20.67$20.0034.7%9.9%44.3%60.3%34.3%2.3%4.1%1.4M62.1M-1.2M0.5411.04N/AN/A7,1933,848273,438189,227
2017-08-30$20.40$20.0029.8%8.5%43.7%44.6%29.8%3.3%8.7%1.4M86.4M-1.2M0.179.76N/AN/A35,9736,099274,797188,820
2017-08-31$19.73$20.0030.4%8.7%41.1%46.7%30.6%-2.6%6.1%-1.5M112.9M-1.1M1.188.00N/AN/A5,3836,361261,971191,830