CTL Options History — November 2018

In November 2018, CTL traded between $17.88 and $21.38. ATM implied volatility averaged 37.4%, placing in the 23.1% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 12.1% (HV 20d: 49.4%). Max pain ranged from $19.00 to $23.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.04.

Notable Days

  • 2018-11-09: Highest Volume — 72,376 contracts
  • 2018-11-09: Largest IV drop — 16.8% change
  • 2018-11-02: Highest IV Rank — 46.1%
  • 2018-11-02: Largest Expected Move — 15.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.38$17.88$21.38$20.61$18.72
Max Pain$19.76$19.00$23.00$23.00$19.00
ATM IV37.4%30.6%49.8%46.7%31.5%
Expected Move10.6%8.9%15.5%15.1%9.7%
HV 20d49.4%42.8%56.2%45.2%43.4%
HV 60d41.2%38.6%46.2%46.2%41.2%
IV Rank23.1%12.9%46.1%41.2%15.9%
IV Percentile53.3%31.7%92.9%85.7%37.7%
Term Structure-2.1%-9.8%0.8%-8.8%-0.5%
VWIV37.3%31.0%54.8%52.8%33.1%
Skew 25d9.9%4.4%36.6%17.5%5.1%
Skew 10d17.2%10.1%60.6%12.5%11.0%
Call IV 25d34.1%28.4%50.1%37.9%29.3%
Put IV 25d44.0%33.8%86.7%55.4%34.5%
Bid-Ask Spread %12.225.8229.9529.955.82
Gamma HHI0.130.080.270.090.11
Net GEX-1.7M-4.9M-56.0K-56.0K-1.6M
Net DEX95.4M14.7M178.8M32.6M77.1M
Net VEX-848.1K-983.3K-737.4K-942.5K-817.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.040.402.331.491.27
Total Volume28,185.38115,41572,37617,70325,256
Total OI400,830361,000441,965386,608403,714

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-11-01$20.61$23.0046.7%15.1%45.2%41.2%52.8%17.5%-8.8%-56.0K32.6M-942.5K1.4929.95N/AN/A7,10210,601147,355239,253
2018-11-02$20.96$23.0049.8%15.5%45.6%46.1%54.8%36.6%-9.8%-58.6K39.7M-967.6K0.9215.50N/AN/A14,08913,025149,407241,495
2018-11-05$20.93$20.0044.5%11.4%44.4%37.0%43.7%9.5%-2.7%-448.0K14.7M-973.2K1.4818.03N/AN/A7,05810,475149,410246,059
2018-11-06$21.10$20.0045.0%11.2%44.4%38.2%41.8%6.7%-4.7%-830.6K50.0M-958.0K1.037.81N/AN/A7,6027,813151,868248,799
2018-11-07$21.38$20.0046.4%11.4%44.6%26.2%40.5%27.8%-4.3%-409.4K24.8M-954.7K2.337.66N/AN/A8,78620,498153,965250,355
2018-11-08$21.00$20.0045.2%12.1%42.8%27.1%43.3%11.3%-1.6%-780.6K22.3M-983.3K0.7525.60N/AN/A32,90824,763156,778258,662
2018-11-09$18.98$20.0037.6%10.1%55.6%18.8%35.4%9.9%-4.3%-4.9M151.9M-794.1K2.0112.50N/AN/A24,07748,299171,822269,412
2018-11-12$19.24$20.0036.5%10.2%55.9%15.9%34.4%8.2%-0.7%-2.4M120.6M-840.1K0.787.97N/AN/A11,0748,616164,009256,410
2018-11-13$18.84$20.0035.6%9.6%55.9%15.2%33.0%7.8%-1.6%-2.3M157.3M-796.4K0.7110.26N/AN/A10,3157,337165,780256,746
2018-11-14$19.07$20.0034.8%10.1%56.2%20.9%35.1%7.6%0.8%-2.7M172.5M-813.3K1.149.25N/AN/A8,88710,154168,544257,127
2018-11-15$18.91$19.0035.0%9.7%56.2%22.0%33.0%6.7%-0.8%-2.4M178.8M-799.9K0.738.46N/AN/A18,12313,205170,802260,562
2018-11-16$19.20$19.0031.4%8.9%53.9%15.7%31.7%7.0%-0.3%-1.8M164.9M-819.1K0.936.16N/AN/A14,11813,069176,975264,990
2018-11-19$19.01$19.0034.1%9.7%53.3%19.8%33.9%7.1%-1.0%-1.7M89.4M-798.7K0.629.33N/AN/A14,6359,143138,705222,295
2018-11-20$18.50$19.0037.2%10.7%53.5%25.3%37.4%7.7%-1.1%-2.2M116.5M-763.6K0.8511.26N/AN/A15,37213,012144,505224,760
2018-11-21$18.39$19.0032.5%9.3%53.2%17.3%31.0%6.3%-1.5%-2.5M136.4M-737.4K0.4018.79N/AN/A25,99810,367151,662228,252
2018-11-23$17.88$19.0034.6%10.1%53.6%21.9%35.0%5.0%-1.9%-2.2M134.4M-795.0K0.5613.61N/AN/A14,7378,250158,113230,271
2018-11-26$18.35$19.0030.6%9.3%46.8%12.9%34.3%5.4%0.8%-1.6M92.8M-772.9K0.748.72N/AN/A19,30714,320151,809217,923
2018-11-27$18.55$19.0032.3%9.6%46.9%16.6%33.9%4.6%-0.1%-1.4M79.1M-801.7K0.489.14N/AN/A16,1017,794158,016225,979
2018-11-28$18.67$19.0031.5%9.8%43.8%15.4%32.3%4.4%0.1%-1.4M73.3M-808.6K1.4011.49N/AN/A10,92715,349160,588226,888
2018-11-29$18.67$19.0031.9%9.8%43.3%16.4%33.6%4.7%-0.3%-2.3M73.5M-873.2K1.159.28N/AN/A8,99310,338162,861234,504
2018-11-30$18.72$19.0031.5%9.7%43.4%15.9%33.1%5.1%-0.5%-1.6M77.1M-817.4K1.275.82N/AN/A11,12814,128164,335239,379