CTL Options History — February 2019

In February 2019, CTL traded between $12.86 and $15.24. ATM implied volatility averaged 43.0%, placing in the 37.4% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded below realized volatility by 4.7% (HV 20d: 47.7%). Max pain ranged from $13.50 to $15.00. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.90.

Notable Days

  • 2019-02-14: Highest Volume — 130,168 contracts
  • 2019-02-14: Largest IV drop — 40.0% change
  • 2019-02-13: Highest IV Rank — 65.7%
  • 2019-02-13: Largest Expected Move — 17.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.92$12.86$15.24$15.24$13.14
Max Pain$14.50$13.50$15.00$15.00$13.50
ATM IV43.0%32.2%60.5%46.4%32.2%
Expected Move12.0%6.6%17.3%12.8%9.5%
HV 20d47.7%31.0%62.7%35.1%61.2%
HV 60d41.6%34.1%46.8%39.4%46.5%
IV Rank37.4%19.7%65.7%41.5%19.7%
IV Percentile69.9%38.5%98.4%88.9%38.5%
Term Structure-0.8%-3.5%2.4%-0.3%1.3%
VWIV42.4%30.4%60.1%46.3%36.8%
Skew 25d8.6%4.6%13.7%7.4%4.9%
Skew 10d16.4%8.2%29.0%15.9%10.7%
Call IV 25d40.0%30.6%55.2%43.3%30.6%
Put IV 25d48.6%35.5%69.0%50.6%35.5%
Bid-Ask Spread %9.774.8820.587.324.88
Gamma HHI0.130.100.410.130.12
Net GEX-266.4K-4.8M1.4M206.9K-390.7K
Net DEX88.1M44.7M157.3M53.6M109.8M
Net VEX-735.7K-827.5K-608.8K-787.6K-685.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.222.150.720.93
Total Volume34,981.36816,116130,16816,11616,229
Total OI408,633.526335,922499,485338,894448,100

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$15.24$15.0046.4%12.8%35.1%41.5%46.3%7.4%-0.3%206.9K53.6M-787.6K0.727.32N/AN/A9,3586,758157,861181,033
2019-02-04$15.05$15.0049.0%13.3%33.9%44.8%43.6%9.5%-2.2%60.8K62.4M-788.7K0.226.21N/AN/A14,4803,186154,869181,053
2019-02-05$14.55$15.0049.5%13.1%33.6%46.2%46.1%10.0%-3.5%54.1K77.2M-743.1K0.828.17N/AN/A13,62911,231166,075182,829
2019-02-06$14.31$15.0049.3%14.6%32.5%46.3%47.6%12.3%2.4%-512.6K85.8M-766.5K0.7110.80N/AN/A11,5668,174171,205189,578
2019-02-07$14.07$15.0054.3%15.0%31.3%55.6%49.4%11.2%-2.8%-921.8K94.4M-727.7K1.016.20N/AN/A10,62710,762176,898193,331
2019-02-08$14.18$15.0052.1%14.5%31.7%52.3%52.0%10.7%-2.5%-27.7K90.6M-731.6K0.469.89N/AN/A11,5145,270181,116194,031
2019-02-11$14.11$15.0056.8%15.9%31.0%57.2%55.1%9.4%-3.2%-16.9K87.2M-735.8K2.0618.97N/AN/A16,43133,864180,691188,073
2019-02-12$14.57$15.0055.4%15.7%34.0%55.9%56.7%10.4%-0.9%144.9K65.5M-807.7K1.098.84N/AN/A16,40417,885192,584215,791
2019-02-13$14.66$15.0060.5%17.3%34.2%65.7%60.1%13.7%0.1%185.0K57.7M-827.5K0.7615.60N/AN/A30,78423,347201,854229,087
2019-02-14$12.86$15.0036.3%10.4%56.4%28.6%38.1%9.6%-0.6%-4.8M157.3M-608.8K1.4717.94N/AN/A52,67777,491223,728243,877
2019-02-15$13.78$14.0035.6%10.2%61.7%26.9%39.5%10.8%-0.5%121.4K92.0M-726.1K0.495.84N/AN/A49,50024,493246,715252,770
2019-02-19$14.19$14.0034.3%9.5%61.6%24.7%33.2%10.4%-0.5%1.1M44.7M-798.4K0.3212.99N/AN/A27,8018,993205,714204,641
2019-02-20$13.91$14.0033.0%6.6%61.2%21.5%30.4%6.2%-2.0%1.4M52.0M-766.8K0.5320.58N/AN/A13,3827,075217,478204,856
2019-02-21$13.32$14.0036.2%10.3%62.7%28.4%36.5%6.2%0.3%-89.7K103.9M-711.2K1.746.45N/AN/A10,17817,692222,993207,318
2019-02-22$13.43$14.0033.9%9.6%61.8%22.5%32.8%5.2%0.8%-48.1K104.0M-719.7K0.455.62N/AN/A16,5517,385225,733212,827
2019-02-25$13.14$14.0035.8%10.2%61.1%27.5%34.4%4.6%-0.2%-385.7K106.8M-697.7K0.727.11N/AN/A10,8407,777221,081208,415
2019-02-26$12.97$14.0033.9%9.6%60.9%23.3%33.9%4.8%-1.1%-850.6K118.5M-665.7K2.156.30N/AN/A11,65225,108226,601211,741
2019-02-27$13.09$14.0033.5%9.6%61.2%22.6%32.7%5.7%1.1%-392.5K110.4M-683.8K0.495.89N/AN/A16,4918,061230,659210,831
2019-02-28$13.14$13.5032.2%9.5%61.2%19.7%36.8%4.9%1.3%-390.7K109.8M-685.0K0.934.88N/AN/A8,4167,813235,249212,851