CTL Options History — April 2018

In April 2018, CTL traded between $16.27 and $18.90. ATM implied volatility averaged 38.9%, placing in the 33.2% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 8.7% (HV 20d: 30.2%). Max pain ranged from $17.00 to $18.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.34.

Notable Days

  • 2018-04-04: Highest Volume — 30,568 contracts
  • 2018-04-09: Largest IV spike — 45.2% change
  • 2018-04-02: Highest IV Rank — 40.1%
  • 2018-04-24: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.56$16.27$18.90$16.27$18.63
Max Pain$17.14$17.00$18.00$18.00$17.00
ATM IV38.9%29.0%44.6%44.6%37.4%
Expected Move11.2%10.1%12.1%12.0%11.9%
HV 20d30.2%22.3%34.7%32.1%24.6%
HV 60d36.6%35.8%38.4%37.4%36.6%
IV Rank33.2%19.1%40.1%40.1%31.9%
IV Percentile57.4%11.5%84.1%84.1%46.8%
Term Structure2.3%-10.3%61.6%61.6%-0.3%
VWIV38.8%31.3%42.5%42.5%42.5%
Skew 25d7.8%-11.2%49.4%49.4%6.0%
Skew 10d18.5%-40.4%61.5%61.5%-4.0%
Call IV 25d37.8%33.2%61.5%37.5%33.2%
Put IV 25d45.6%38.3%86.9%86.9%39.2%
Bid-Ask Spread %15.776.1872.5316.478.54
Gamma HHI0.210.130.290.190.14
Net GEX5.4M2.2M9.3M2.4M4.4M
Net DEX-115.7M-215.5M-2.3M-61.4M-199.1M
Net VEX-1.2M-1.5M-825.7K-840.0K-825.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.340.552.522.011.01
Total Volume23,563.14316,04430,56823,72916,044
Total OI591,360.619532,533632,322574,985550,171

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$16.27$18.0044.6%12.0%32.1%40.1%42.5%49.4%61.6%2.4M-61.4M-840.0K2.0116.47N/AN/A7,88715,842307,979267,006
2018-04-03$16.49$18.0042.6%11.0%30.5%37.0%37.4%11.8%-1.7%2.4M-2.3M-1.3M1.137.17N/AN/A12,35314,004309,480273,716
2018-04-04$17.16$18.0043.9%10.4%33.9%37.8%36.5%-11.2%10.3%4.2M-101.9M-1.4M0.907.20N/AN/A16,07114,497314,678274,985
2018-04-05$17.32$17.0040.2%11.0%34.1%32.6%31.3%8.7%-10.3%3.1M-123.1M-1.5M1.0572.53N/AN/A14,76715,489320,794274,782
2018-04-06$17.20$17.0029.0%11.3%34.1%19.1%41.2%7.1%16.6%4.9M-111.1M-1.4M1.3324.25N/AN/A10,81514,416326,630277,650
2018-04-09$17.42$17.0042.1%11.5%34.4%37.0%37.7%12.7%-2.8%2.2M-148.6M-1.5M1.0816.15N/AN/A11,71612,628322,765278,769
2018-04-10$17.68$17.0042.0%10.9%34.7%36.2%38.9%5.9%-4.2%5.4M-116.1M-1.4M1.4412.97N/AN/A10,11414,544326,187280,476
2018-04-11$17.45$17.0039.3%11.6%34.1%33.7%37.5%1.8%2.2%3.2M-144.4M-880.8K2.2956.13N/AN/A6,93415,908330,004281,559
2018-04-12$17.27$17.0040.5%11.2%33.5%35.1%37.6%4.7%-1.8%7.4M-87.1M-1.1M2.529.77N/AN/A7,64319,291330,976285,722
2018-04-13$16.99$17.0039.8%10.9%33.3%34.9%38.1%7.9%-2.5%5.5M-100.8M-1.1M2.048.31N/AN/A6,94114,128331,770287,922
2018-04-16$17.37$17.0038.6%10.9%34.0%32.6%36.8%5.5%-1.6%6.5M-131.0M-1.1M1.446.18N/AN/A10,74615,466327,370286,551
2018-04-17$17.61$17.0036.6%10.4%32.3%31.0%37.4%6.0%-0.8%6.6M-104.2M-1.2M1.476.66N/AN/A11,76517,287331,901288,728
2018-04-18$17.57$17.0035.4%10.1%30.4%30.2%37.6%5.7%-0.4%4.2M-23.8M-1.2M1.857.91N/AN/A7,51013,888336,463293,406
2018-04-19$17.37$17.0039.5%11.6%30.9%34.8%38.7%6.3%-8.8%3.3M-28.6M-1.2M1.509.59N/AN/A7,74111,579336,571294,570
2018-04-20$17.56$17.0038.1%11.0%27.5%32.8%38.9%7.8%-0.2%7.3M-146.1M-1.3M1.108.60N/AN/A10,87811,953337,242295,080
2018-04-23$17.71$17.0037.2%11.3%26.1%31.3%39.0%6.3%-0.0%7.7M-147.7M-1.2M0.999.25N/AN/A12,61012,448281,786250,747
2018-04-24$17.84$17.0038.9%12.1%22.3%32.9%42.4%6.4%-0.9%7.2M-126.1M-1.3M0.9417.39N/AN/A9,7039,113288,582255,063
2018-04-25$18.41$17.0038.1%11.8%23.9%32.6%42.1%4.7%-1.8%9.0M-172.2M-1.2M0.6210.06N/AN/A13,8208,556292,937256,258
2018-04-26$18.55$17.0038.3%11.7%23.9%33.0%41.4%5.7%-3.4%9.3M-215.5M-1.2M0.848.29N/AN/A9,3317,881297,967257,465
2018-04-27$18.90$17.0035.6%10.9%24.2%30.5%38.9%5.0%-0.8%7.6M-139.0M-1.2M0.557.79N/AN/A13,2257,294297,495258,370
2018-04-30$18.63$17.0037.4%11.9%24.6%31.9%42.5%6.0%-0.3%4.4M-199.1M-825.7K1.018.54N/AN/A7,9958,049294,550255,621