CTL Options History — January 2019

In January 2019, CTL traded between $14.66 and $16.70. ATM implied volatility averaged 43.1%, placing in the 35.4% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded above realized volatility by 5.0% (HV 20d: 38.1%). Max pain ranged from $15.00 to $18.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.81.

Notable Days

  • 2019-01-03: Highest Volume — 37,741 contracts
  • 2019-01-14: Largest IV spike — 15.6% change
  • 2019-01-30: Highest IV Rank — 45.3%
  • 2019-01-30: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.65$14.66$16.70$15.39$15.28
Max Pain$15.14$15.00$18.00$18.00$15.00
ATM IV43.1%36.5%49.3%39.4%45.7%
Expected Move13.6%11.8%16.0%11.8%12.7%
HV 20d38.1%35.1%41.2%40.5%35.3%
HV 60d42.0%39.4%43.3%42.5%39.5%
IV Rank35.4%17.2%45.3%29.2%40.5%
IV Percentile76.6%40.5%91.7%67.9%86.1%
Term Structure1.9%-6.1%10.6%4.3%-2.1%
VWIV47.8%41.2%56.1%41.2%45.3%
Skew 25d7.0%3.1%10.2%6.2%3.1%
Skew 10d14.1%-4.4%27.0%9.7%13.2%
Call IV 25d40.4%30.7%46.0%38.2%44.1%
Put IV 25d47.4%36.8%54.0%44.4%47.2%
Bid-Ask Spread %10.026.3316.286.476.61
Gamma HHI0.180.120.440.210.15
Net GEX-880.7K-2.7M520.7K-1.7M520.7K
Net DEX89.8M50.9M139.0M138.3M50.9M
Net VEX-801.0K-868.7K-746.0K-780.6K-815.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.251.450.660.25
Total Volume17,506.7144,72537,74120,16817,114
Total OI415,151.762294,667489,555452,023336,410

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$15.39$18.0039.4%11.8%40.5%29.2%41.2%6.2%4.3%-1.7M138.3M-780.6K0.666.47N/AN/A12,1418,027189,467262,556
2019-01-03$15.55$15.0043.7%14.0%38.1%35.4%49.2%6.7%6.0%-1.5M123.5M-803.7K0.9416.18N/AN/A19,44818,293196,768265,343
2019-01-04$15.95$15.0037.4%13.2%39.8%25.1%49.0%4.9%1.5%-1.9M107.9M-845.4K1.2315.46N/AN/A14,73818,090200,447277,123
2019-01-07$16.39$15.0038.7%13.5%41.0%28.8%44.7%5.8%7.9%-1.6M83.9M-868.7K1.2216.28N/AN/A3,5974,378199,434274,868
2019-01-08$16.70$15.0037.3%12.6%41.2%25.6%44.3%5.4%6.3%-1.3M70.6M-842.9K0.4410.12N/AN/A7,5883,374200,029274,893
2019-01-09$16.16$15.0038.0%13.4%40.4%26.7%45.9%6.6%9.0%-1.2M97.8M-826.6K1.1512.43N/AN/A7,0298,075202,895275,816
2019-01-10$16.07$15.0037.7%13.0%40.4%23.1%46.2%4.1%10.2%-994.3K102.4M-801.8K0.9110.24N/AN/A5,8145,299204,778273,697
2019-01-11$16.26$15.0036.5%12.5%39.7%17.2%43.0%6.1%10.6%-874.1K100.9M-831.0K0.767.87N/AN/A10,0207,595206,266276,510
2019-01-14$16.23$15.0042.2%12.8%38.1%38.2%43.6%8.0%-1.7%-534.2K95.7M-813.6K0.746.40N/AN/A7,7385,723206,066272,789
2019-01-15$16.18$15.0041.8%12.3%38.0%35.0%43.8%7.0%-1.3%-594.2K96.3M-802.6K0.886.77N/AN/A5,2174,572206,256273,612
2019-01-16$15.97$15.0044.1%12.7%35.7%37.4%48.7%10.2%-3.1%-793.8K103.2M-781.6K1.458.76N/AN/A8,10211,741206,305272,128
2019-01-17$15.31$15.0046.5%13.6%38.5%43.0%46.8%9.6%-6.1%-2.7M139.0M-766.5K1.0213.78N/AN/A12,93213,243208,583275,045
2019-01-18$15.80$15.0042.4%12.4%39.7%35.8%45.7%9.8%-2.3%-179.5K98.1M-813.6K0.686.33N/AN/A16,13210,899213,966275,589
2019-01-22$15.36$15.0045.7%14.2%38.4%39.2%50.7%9.2%2.3%-223.1K60.8M-776.5K1.0910.49N/AN/A6,3776,938130,139164,528
2019-01-23$15.24$15.0047.4%14.3%36.6%43.0%49.0%8.3%5.2%-373.1K67.6M-769.5K0.496.38N/AN/A7,4153,613133,394169,481
2019-01-24$14.66$15.0049.3%14.9%38.0%45.3%52.1%8.0%3.7%-764.7K81.3M-746.0K0.9812.17N/AN/A10,92110,652138,519171,547
2019-01-25$15.01$15.0045.7%14.4%35.1%40.3%51.6%8.3%-1.7%-1.2M72.3M-771.6K0.5210.72N/AN/A12,0896,338141,051175,601
2019-01-28$15.15$15.0047.9%15.4%35.2%43.5%53.4%8.5%-2.1%-191.5K61.2M-794.0K0.788.32N/AN/A2,6522,073143,267175,190
2019-01-29$15.02$15.0048.5%15.4%35.3%45.0%53.0%8.5%-2.5%-224.6K66.4M-781.5K0.496.63N/AN/A7,6453,741146,045176,868
2019-01-30$15.03$15.0048.7%16.0%35.3%45.3%56.1%3.7%-3.8%-291.7K67.1M-788.6K0.3312.06N/AN/A15,2005,068146,456178,462
2019-01-31$15.28$15.0045.7%12.7%35.3%40.5%45.3%3.1%-2.1%520.7K50.9M-815.2K0.256.61N/AN/A13,7193,395155,942180,468