CTL Options History — August 2018

In August 2018, CTL traded between $18.55 and $23.98. ATM implied volatility averaged 30.7%, placing in the 26.2% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded below realized volatility by 11.4% (HV 20d: 42.1%). Max pain ranged from $19.00 to $22.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.79.

Notable Days

  • 2018-08-29: Highest Volume — 184,051 contracts
  • 2018-08-13: Largest IV drop — 50.7% change
  • 2018-08-10: Highest IV Rank — 52.6%
  • 2018-08-01: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.51$18.55$23.98$18.63$21.35
Max Pain$19.91$19.00$22.00$19.00$22.00
ATM IV30.7%23.7%59.9%59.9%24.7%
Expected Move8.0%6.7%12.0%12.0%7.1%
HV 20d42.1%17.3%56.0%20.8%56.0%
HV 60d30.7%19.4%35.9%25.4%35.9%
IV Rank26.2%19.9%52.6%52.0%20.5%
IV Percentile24.9%3.2%97.2%97.2%7.9%
Term Structure-0.7%-15.9%3.2%-15.9%1.0%
VWIV29.9%24.3%45.5%38.6%24.6%
Skew 25d7.2%0.9%52.8%52.8%2.7%
Skew 10d14.1%-2.2%84.8%84.8%6.4%
Call IV 25d26.1%22.4%33.7%29.9%24.8%
Put IV 25d33.2%25.7%82.7%82.7%27.5%
Bid-Ask Spread %12.973.7262.0462.043.92
Gamma HHI0.180.110.470.190.12
Net GEX3.1M239.7K12.5M1.2M608.7K
Net DEX-121.0M-272.8M25.7M-2.3M25.7M
Net VEX-830.7K-1.1M-450.7K-753.3K-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.071.451.250.63
Total Volume34,743.91311,250184,05114,38222,266
Total OI375,511.609330,144413,545330,144370,462

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-08-01$18.63$19.0059.9%12.0%20.8%52.0%38.6%52.8%-15.9%1.2M-2.3M-753.3K1.2562.04N/AN/A6,3877,995142,677187,467
2018-08-02$18.77$19.0035.4%11.0%20.4%30.0%40.5%19.3%3.2%1.5M-17.2M-740.8K1.2010.38N/AN/A5,1196,131146,878191,915
2018-08-03$18.86$19.0030.8%11.8%19.5%25.7%40.5%1.6%2.8%1.3M-23.3M-758.3K1.1925.11N/AN/A6,6067,854148,628193,144
2018-08-06$18.70$19.0034.6%9.1%18.9%29.9%35.1%7.6%-4.5%635.4K19.3M-816.7K1.1011.88N/AN/A8,7909,643148,231194,319
2018-08-07$18.63$19.0037.5%9.1%18.0%32.3%32.6%6.0%-5.0%966.5K-25.7M-450.7K1.0015.74N/AN/A10,35410,316153,247197,090
2018-08-08$18.55$19.0038.0%9.0%17.3%32.5%30.3%9.2%-3.1%728.9K7.6M-784.9K0.7021.92N/AN/A14,74810,388160,179202,140
2018-08-09$20.89$19.0037.3%7.0%46.6%33.3%25.2%4.8%-0.3%5.1M-182.7M-672.8K0.398.30N/AN/A46,34218,031167,077206,896
2018-08-10$21.39$19.0054.3%7.2%47.1%52.6%25.7%0.9%-1.7%5.5M-210.4M-831.8K0.5815.95N/AN/A21,03112,132175,293209,294
2018-08-13$21.95$20.0026.8%6.9%47.3%21.1%24.7%5.3%-1.2%4.7M-198.9M-776.5K0.518.88N/AN/A20,47110,362162,996206,710
2018-08-14$22.40$20.0025.4%7.3%47.6%20.4%26.8%4.2%1.8%4.8M-227.7M-721.9K0.9211.54N/AN/A17,89116,453166,264211,634
2018-08-15$22.42$20.0026.4%7.8%47.3%22.2%28.9%7.2%1.6%4.0M-213.6M-811.8K0.4013.94N/AN/A15,4626,127169,166221,645
2018-08-16$23.38$20.0025.5%7.2%48.2%21.4%27.3%4.3%0.7%2.5M-272.8M-797.0K0.656.24N/AN/A29,12419,035168,558222,889
2018-08-17$23.47$20.0025.9%7.5%46.7%21.7%30.8%3.5%1.6%12.5M-257.6M-858.3K0.653.88N/AN/A23,07314,902176,396237,149
2018-08-20$23.84$20.0025.2%7.1%46.6%20.9%27.4%4.2%0.2%3.1M-220.8M-830.3K1.156.33N/AN/A14,64716,850152,406213,039
2018-08-21$23.98$20.0025.1%7.1%46.0%20.9%25.1%4.7%0.8%3.1M-223.4M-772.8K1.454.09N/AN/A12,64718,304156,856221,506
2018-08-22$22.40$20.0026.1%7.5%52.9%21.9%25.7%4.0%-0.2%2.8M-112.7M-998.8K0.7413.92N/AN/A23,60417,511158,763230,217
2018-08-23$22.80$20.0025.8%7.4%52.9%21.8%29.2%5.0%-2.3%3.8M-168.6M-827.2K0.568.80N/AN/A18,03610,189167,092237,329
2018-08-24$22.82$20.0024.3%6.9%52.8%20.2%27.9%4.9%1.5%4.3M-135.7M-975.9K0.883.72N/AN/A11,89910,440171,919238,809
2018-08-27$22.91$20.0023.7%6.7%52.9%19.9%24.3%4.4%1.0%2.9M-152.7M-892.7K0.834.84N/AN/A11,1169,231159,652231,868
2018-08-28$22.52$21.0024.5%7.0%53.8%20.5%26.0%2.6%0.8%2.2M-98.8M-1.1M0.8626.56N/AN/A10,0348,655160,489233,344
2018-08-29$22.36$21.0024.2%6.9%53.6%20.3%45.5%2.7%1.0%2.3M-88.2M-967.9K0.074.54N/AN/A171,59212,459161,666234,757
2018-08-30$21.71$22.0025.2%7.1%55.3%21.2%24.4%3.0%0.1%239.7K-3.0M-917.7K0.585.83N/AN/A15,7499,114129,664239,047
2018-08-31$21.35$22.0024.7%7.1%56.0%20.5%24.6%2.7%1.0%608.7K25.7M-1.0M0.633.92N/AN/A13,6448,622130,982239,480