CTL Options History — March 2018

In March 2018, CTL traded between $15.53 and $18.07. ATM implied volatility averaged 38.9%, placing in the 33.0% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 1.8% (HV 20d: 37.1%). Max pain ranged from $17.50 to $19.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.07.

Notable Days

  • 2018-03-16: Highest Volume — 28,641 contracts
  • 2018-03-16: Largest IV spike — 35.0% change
  • 2018-03-16: Highest IV Rank — 45.5%
  • 2018-03-01: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.01$15.53$18.07$17.40$16.44
Max Pain$18.74$17.50$19.00$17.50$18.00
ATM IV38.9%32.9%52.1%52.1%36.9%
Expected Move10.4%9.0%12.5%12.5%10.0%
HV 20d37.1%25.5%49.7%48.7%32.0%
HV 60d39.5%36.6%44.6%44.6%37.5%
IV Rank33.0%28.4%45.5%34.0%31.0%
IV Percentile59.9%40.1%94.4%65.9%50.4%
Term Structure4.0%-20.2%28.4%28.4%2.4%
VWIV37.9%30.9%67.9%67.9%34.2%
Skew 25d12.4%3.5%114.8%7.1%6.6%
Skew 10d15.8%3.6%44.6%23.3%44.6%
Call IV 25d34.8%25.5%39.6%37.7%35.1%
Put IV 25d47.2%35.1%154.4%44.8%41.7%
Bid-Ask Spread %16.628.8831.8424.659.30
Gamma HHI0.210.120.550.190.20
Net GEX4.1M563.0K8.8M3.1M3.2M
Net DEX-57.9M-178.9M61.9M-10.1M-6.4M
Net VEX-1.4M-1.6M-797.5K-1.5M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.601.560.600.88
Total Volume21,197.85716,55628,64128,29520,455
Total OI599,097.571549,444632,555623,043578,498

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-03-01$17.40$17.5052.1%12.5%48.7%34.0%67.9%7.1%28.4%3.1M-10.1M-1.5M0.6024.65N/AN/A17,73510,560339,216283,827
2018-03-02$17.36$18.0039.2%11.4%48.7%35.2%41.4%4.0%-8.2%4.2M-114.3M-1.6M1.1527.37N/AN/A10,77412,409334,362285,975
2018-03-05$17.87$19.0045.7%10.2%49.7%40.0%34.4%10.2%16.5%5.1M-138.8M-1.6M0.8421.91N/AN/A11,6459,786330,663284,417
2018-03-06$18.05$19.0036.7%9.8%46.7%31.4%33.7%3.5%24.0%6.9M-106.2M-1.6M0.8013.44N/AN/A11,8049,454334,451284,092
2018-03-07$17.88$19.0035.4%10.4%46.9%30.2%36.0%5.7%2.1%8.0M-161.7M-1.5M1.2214.14N/AN/A7,4579,099339,247285,293
2018-03-08$17.82$19.0035.4%9.8%47.0%29.6%34.7%5.5%4.0%5.2M-166.5M-1.6M1.109.65N/AN/A8,9979,904339,864285,844
2018-03-09$17.90$19.0034.2%9.3%42.5%28.7%33.3%5.4%1.6%7.8M-99.6M-1.5M1.238.88N/AN/A8,35610,297341,559288,086
2018-03-12$18.07$19.0032.9%9.0%41.7%28.4%30.9%4.8%-0.1%8.8M-178.9M-1.5M0.8816.07N/AN/A10,6789,396338,781285,740
2018-03-13$17.66$19.0033.3%9.4%39.6%28.4%34.2%11.7%0.3%7.7M-154.7M-1.4M1.5620.37N/AN/A7,25011,286342,650286,094
2018-03-14$17.30$19.0035.6%10.3%39.2%30.4%37.0%8.3%1.0%4.4M-44.3M-1.4M1.1019.29N/AN/A10,18511,193342,894288,110
2018-03-15$16.99$19.0034.9%9.7%38.8%30.0%36.8%8.0%-1.4%2.0M-70.5M-1.3M1.1717.93N/AN/A8,82310,353343,213289,291
2018-03-16$17.21$19.0047.1%9.6%25.5%45.5%33.5%114.8%-20.2%1.6M-104.6M-797.5K0.6231.84N/AN/A17,67610,965343,305289,250
2018-03-19$16.70$19.0037.6%10.7%27.0%32.1%38.5%5.4%8.5%2.2M2.0M-1.3M0.9414.27N/AN/A9,2408,717291,370258,074
2018-03-20$16.26$19.0035.6%10.2%27.1%30.3%35.1%5.9%3.8%1.8M18.8M-1.4M1.2610.11N/AN/A9,06611,411293,579259,245
2018-03-21$16.38$19.0035.7%10.2%26.0%30.5%35.4%5.6%-4.1%2.0M-8.4M-1.3M1.3422.67N/AN/A9,02312,134295,898260,913
2018-03-22$15.82$19.0040.3%10.8%27.9%32.4%37.5%7.1%5.7%1.3M53.4M-1.2M1.1313.48N/AN/A10,26411,592298,079263,296
2018-03-23$15.53$19.0041.3%11.8%27.5%35.3%41.3%6.0%2.8%724.2K48.1M-1.2M1.2911.95N/AN/A9,44512,227301,484265,731
2018-03-26$16.21$19.0041.0%11.1%32.4%35.8%38.5%10.0%4.9%7.3M-32.4M-900.9K1.0510.65N/AN/A11,23111,794297,082265,350
2018-03-27$16.14$18.0044.0%11.4%32.2%38.4%41.1%15.4%12.0%563.0K61.9M-1.3M0.8122.22N/AN/A13,28410,749302,650267,566
2018-03-28$16.23$18.0042.4%11.4%31.9%36.4%39.6%9.3%0.1%2.6M-3.6M-1.3M1.508.90N/AN/A7,37811,063308,150267,860
2018-03-29$16.44$18.0036.9%10.0%32.0%31.0%34.2%6.6%2.4%3.2M-6.4M-1.2M0.889.30N/AN/A10,8799,576309,991268,507