CTL Options History — October 2018

In October 2018, CTL traded between $19.39 and $21.94. ATM implied volatility averaged 41.3%, placing in the 35.2% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 3.9% (HV 20d: 37.3%). Max pain ranged from $21.50 to $23.00. Net GEX was positive for 12 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 1.27.

Notable Days

2018-10-26: Highest Volume — 50,603 contracts
2018-10-23: Largest IV spike — 28.4% change
2018-10-31: Highest IV Rank — 61.9%
2018-10-29: Largest Expected Move — 17.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$21.04	$19.39	$21.94	$21.33	$20.73
Max Pain	$22.80	$21.50	$23.00	$21.50	$23.00
ATM IV	41.3%	27.1%	71.0%	28.2%	71.0%
Expected Move	11.8%	7.0%	17.9%	7.2%	16.4%
HV 20d	37.3%	29.7%	45.1%	36.3%	45.1%
HV 60d	41.5%	39.7%	46.2%	39.8%	46.2%
IV Rank	35.2%	23.0%	61.9%	24.4%	61.9%
IV Percentile	59.8%	25.8%	97.6%	29.8%	97.6%
Term Structure	1.1%	-26.5%	35.6%	4.2%	-26.5%
VWIV	41.2%	24.8%	58.9%	24.8%	56.4%
Skew 25d	11.3%	-6.3%	37.4%	17.5%	30.2%
Skew 10d	16.4%	-3.5%	30.3%	15.9%	-3.5%
Call IV 25d	36.2%	25.7%	56.5%	26.4%	38.8%
Put IV 25d	47.5%	29.8%	76.1%	43.9%	69.0%
Bid-Ask Spread %	12.54	5.12	24.56	18.49	15.20
Gamma HHI	0.17	0.09	0.72	0.18	0.09
Net GEX	1.6M	-1.8M	18.4M	2.5M	-195.1K
Net DEX	20.7M	-54.9M	112.6M	-12.5M	22.5M
Net VEX	-940.3K	-1.0M	-834.5K	-895.3K	-979.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.27	0.40	2.52	0.71	0.89
Total Volume	22,430.478	12,471	50,603	22,737	19,670
Total OI	397,564.348	350,700	423,407	404,365	380,466

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-10-01	$21.33	$21.50	28.2%	7.2%	36.3%	24.4%	24.8%	17.5%	4.2%	2.5M	-12.5M	-895.3K	0.71	18.49	N/A	N/A	13,302	9,435	154,715	249,650
2018-10-02	$21.78	$21.50	27.1%	7.1%	36.9%	23.0%	25.5%	4.1%	4.3%	4.1M	-36.5M	-962.9K	0.52	11.31	N/A	N/A	17,578	9,170	160,976	250,621
2018-10-03	$21.84	$21.50	28.4%	7.0%	36.9%	24.0%	25.2%	4.0%	4.7%	5.2M	-54.9M	-910.4K	1.40	13.81	N/A	N/A	6,705	9,409	166,044	252,546
2018-10-04	$21.74	$23.00	35.9%	9.6%	36.4%	24.6%	34.0%	6.8%	35.6%	4.3M	-29.0M	-1.0M	0.40	5.12	N/A	N/A	19,893	7,920	167,853	254,224
2018-10-05	$21.90	$23.00	32.6%	10.0%	36.5%	26.5%	36.3%	4.3%	3.0%	4.5M	-52.0M	-1.0M	0.94	13.18	N/A	N/A	11,237	10,535	169,041	254,366
2018-10-08	$21.26	$23.00	32.3%	10.2%	37.8%	27.7%	34.8%	6.3%	4.7%	2.4M	28.5M	-995.5K	1.50	7.29	N/A	N/A	7,563	11,368	159,995	250,598
2018-10-09	$21.07	$23.00	35.7%	10.6%	35.6%	31.0%	35.5%	7.1%	1.6%	1.6M	38.8M	-994.2K	2.34	8.52	N/A	N/A	5,086	11,889	160,774	251,134
2018-10-10	$21.03	$23.00	39.3%	11.6%	34.5%	33.7%	42.1%	11.1%	5.1%	1.7M	11.9M	-942.6K	1.80	15.44	N/A	N/A	7,375	13,266	160,910	250,637
2018-10-11	$20.24	$23.00	50.4%	12.2%	36.5%	44.9%	41.0%	37.4%	1.7%	-1.4M	85.1M	-949.4K	2.52	14.83	N/A	N/A	10,154	25,639	162,216	253,124
2018-10-12	$20.66	$23.00	41.7%	11.4%	37.5%	36.7%	40.7%	9.4%	-2.4%	-372.4K	76.5M	-950.5K	1.53	15.95	N/A	N/A	9,689	14,827	165,009	257,780
2018-10-15	$20.78	$23.00	39.5%	11.2%	37.6%	33.5%	40.4%	8.4%	0.7%	-62.1K	51.5M	-980.2K	0.83	5.91	N/A	N/A	10,571	8,751	156,515	254,435
2018-10-16	$21.01	$23.00	38.2%	10.8%	37.1%	32.4%	37.8%	7.1%	3.1%	1.1M	30.8M	-862.9K	1.02	6.75	N/A	N/A	7,194	7,362	158,016	254,749
2018-10-17	$21.06	$23.00	38.5%	11.0%	36.9%	33.0%	40.1%	6.7%	-1.2%	1.1M	34.2M	-877.4K	1.48	15.24	N/A	N/A	5,219	7,735	160,296	254,884
2018-10-18	$21.02	$23.00	40.6%	11.7%	36.9%	35.0%	43.6%	7.1%	-0.3%	515.9K	32.9M	-903.8K	1.55	9.80	N/A	N/A	5,404	8,354	161,007	255,484
2018-10-19	$21.94	$23.00	40.3%	11.6%	39.7%	34.7%	39.1%	7.1%	-1.3%	18.4M	-38.1M	-982.7K	0.97	7.92	N/A	N/A	21,242	20,629	161,380	256,287
2018-10-22	$21.34	$23.00	38.9%	11.8%	40.7%	32.6%	39.0%	7.6%	6.9%	-868.4K	5.2M	-931.3K	0.62	15.15	N/A	N/A	10,657	6,586	123,169	227,531
2018-10-23	$21.54	$23.00	49.9%	12.2%	29.7%	43.9%	42.6%	2.1%	15.9%	-231.6K	-23.2M	-856.5K	1.23	24.56	N/A	N/A	5,581	6,890	127,810	229,209
2018-10-24	$21.06	$23.00	42.1%	13.4%	30.4%	36.2%	47.0%	-6.3%	-2.4%	-1.0M	14.7M	-1.0M	1.62	23.02	N/A	N/A	6,399	10,339	130,269	230,286
2018-10-25	$21.09	$23.00	37.4%	13.8%	30.4%	30.4%	49.1%	6.3%	4.2%	-654.3K	3.0M	-834.5K	2.47	9.48	N/A	N/A	5,353	13,198	131,369	230,439
2018-10-26	$19.39	$23.00	47.7%	16.1%	42.2%	39.7%	54.9%	20.8%	-9.0%	-1.5M	112.6M	-858.2K	1.21	8.00	N/A	N/A	22,920	27,683	131,934	231,809
2018-10-29	$19.57	$23.00	54.0%	17.9%	42.3%	47.1%	58.9%	29.3%	-11.7%	-1.8M	103.9M	-941.0K	0.91	14.54	N/A	N/A	12,840	11,647	133,209	235,965
2018-10-30	$20.43	$23.00	59.6%	16.4%	44.7%	52.7%	58.0%	25.5%	-15.2%	-1.2M	69.5M	-951.9K	0.86	8.81	N/A	N/A	11,650	9,987	138,687	236,562
2018-10-31	$20.73	$23.00	71.0%	16.4%	45.1%	61.9%	56.4%	30.2%	-26.5%	-195.1K	22.5M	-979.4K	0.89	15.20	N/A	N/A	10,393	9,277	142,445	238,021