CTL Options History — July 2018

In July 2018, CTL traded between $18.23 and $20.14. ATM implied volatility averaged 31.2%, placing in the 26.5% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 11.0% (HV 20d: 20.2%). Max pain ranged from $18.00 to $19.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 1.11.

Notable Days

  • 2018-07-25: Highest Volume — 21,336 contracts
  • 2018-07-25: Largest IV spike — 51.2% change
  • 2018-07-25: Highest IV Rank — 42.9%
  • 2018-07-30: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.20$18.23$20.14$18.51$18.84
Max Pain$18.24$18.00$19.00$18.50$19.00
ATM IV31.2%24.8%49.7%25.7%32.4%
Expected Move9.0%7.1%11.4%7.5%11.0%
HV 20d20.2%16.9%23.6%16.9%23.4%
HV 60d25.9%25.3%26.3%25.7%25.3%
IV Rank26.5%19.1%42.9%21.7%27.3%
IV Percentile23.3%1.2%90.1%11.1%25.8%
Term Structure-0.7%-42.5%11.8%7.3%1.9%
VWIV31.6%24.2%39.1%26.4%38.2%
Skew 25d5.5%2.1%19.1%3.7%2.1%
Skew 10d13.3%7.3%64.6%9.5%12.1%
Call IV 25d28.6%22.5%32.3%25.1%32.3%
Put IV 25d34.2%26.1%49.4%28.7%34.4%
Bid-Ask Spread %11.216.2829.636.869.33
Gamma HHI0.220.150.300.210.17
Net GEX3.7M943.3K6.2M2.4M1.8M
Net DEX-49.4M-113.9M17.2M-12.0M-21.5M
Net VEX-822.6K-913.4K-708.6K-822.7K-843.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.442.111.252.11
Total Volume13,953.7148,62121,3368,62118,142
Total OI323,081.333294,545338,122315,851320,286

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-07-02$18.51$18.5025.7%7.5%16.9%21.7%26.4%3.7%7.3%2.4M-12.0M-822.7K1.256.86N/AN/A3,8324,789141,545174,306
2018-07-03$19.10$18.5024.8%7.1%18.9%20.8%24.2%4.6%7.4%3.6M-43.6M-889.7K0.7013.86N/AN/A8,3245,857142,178175,533
2018-07-05$19.35$18.0025.1%8.6%19.1%20.0%28.9%3.4%5.9%4.3M-54.7M-869.3K0.446.30N/AN/A13,4575,930144,845175,134
2018-07-06$19.66$18.0025.8%8.0%19.4%19.1%28.0%3.4%7.4%4.9M-86.0M-812.2K0.7010.55N/AN/A9,5086,631151,055176,428
2018-07-09$19.89$18.0029.3%8.2%19.4%26.2%29.3%4.8%-2.2%5.7M-103.8M-758.6K1.0012.08N/AN/A7,7607,730152,743174,809
2018-07-10$20.14$18.0030.4%8.2%19.3%26.5%29.8%5.8%-2.4%5.4M-107.4M-861.3K0.658.68N/AN/A8,4325,495155,035176,747
2018-07-11$19.80$18.0031.3%8.6%20.9%26.5%31.7%4.9%-1.1%6.1M-109.6M-742.0K1.3811.77N/AN/A4,5646,311157,728175,977
2018-07-12$19.99$18.0030.5%8.3%18.8%26.2%30.5%4.9%-1.6%6.2M-113.9M-766.4K1.527.30N/AN/A4,4036,680158,249176,470
2018-07-13$19.87$18.0029.9%8.3%17.8%25.7%29.7%4.6%-1.2%5.8M-90.2M-913.4K1.009.36N/AN/A5,7715,787159,682178,440
2018-07-16$19.60$18.0031.4%8.8%19.0%26.0%31.3%4.7%-0.6%5.9M-61.0M-878.8K1.5710.86N/AN/A4,2266,650155,047175,183
2018-07-17$19.65$18.0029.9%8.5%19.0%25.0%31.1%6.1%0.1%6.1M-82.4M-769.3K1.159.64N/AN/A4,4665,116155,657176,362
2018-07-18$19.49$18.0032.1%9.2%18.7%27.3%30.2%5.5%11.8%5.4M-74.8M-839.9K0.799.60N/AN/A7,8716,220156,077176,648
2018-07-19$19.24$18.0031.1%9.0%19.4%26.6%30.3%4.5%-1.0%4.8M-53.5M-785.3K0.968.96N/AN/A6,7106,460158,343177,861
2018-07-20$18.80$18.0030.5%8.7%21.2%25.8%30.6%5.0%0.1%1.7M1.1M-812.8K1.006.28N/AN/A8,4038,415159,166178,859
2018-07-23$18.83$18.0032.0%9.5%21.0%26.9%34.2%6.0%-2.6%1.9M-22.5M-879.1K0.8010.53N/AN/A9,0527,201130,281164,264
2018-07-24$18.67$18.0032.9%9.9%20.9%27.7%37.0%5.0%-0.9%1.7M-3.4M-856.1K1.3012.25N/AN/A5,3386,946134,707167,102
2018-07-25$18.23$18.0049.7%10.4%22.5%42.9%34.4%19.1%-42.5%1.3M-5.3M-708.6K1.7029.63N/AN/A7,91613,420136,846168,424
2018-07-26$18.43$19.0033.4%10.2%22.9%28.6%34.4%5.5%-0.1%948.8K-8.0M-852.1K1.0413.50N/AN/A5,9086,126138,461175,471
2018-07-27$18.39$19.0032.9%10.2%22.9%29.0%35.4%7.4%-2.4%1.0M-1.5M-796.5K1.419.26N/AN/A5,7758,134139,536176,937
2018-07-30$18.67$19.0035.0%11.4%23.6%29.8%39.1%5.5%1.0%943.3K17.2M-817.0K0.8418.80N/AN/A7,2136,059137,472178,814
2018-07-31$18.84$19.0032.4%11.0%23.4%27.3%38.2%2.1%1.9%1.8M-21.5M-843.9K2.119.33N/AN/A5,84212,300140,513179,773