CTL Options History — March 2019

In March 2019, CTL traded between $11.56 and $12.95. ATM implied volatility averaged 32.8%, placing in the 21.0% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded below realized volatility by 18.4% (HV 20d: 51.2%). Max pain ranged from $11.00 to $13.50. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.80.

Notable Days

  • 2019-03-04: Highest Volume — 59,554 contracts
  • 2019-03-11: Largest IV drop — 10.9% change
  • 2019-03-07: Highest IV Rank — 30.6%
  • 2019-03-25: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.12$11.56$12.95$12.95$12.01
Max Pain$12.33$11.00$13.50$13.50$11.00
ATM IV32.8%29.5%37.5%32.4%30.6%
Expected Move11.7%9.7%13.0%9.7%12.2%
HV 20d51.2%35.7%67.9%60.7%35.7%
HV 60d46.9%45.0%48.7%46.5%45.0%
IV Rank21.0%13.3%30.6%19.9%15.3%
IV Percentile43.0%30.6%62.3%39.7%32.1%
Term Structure1.1%-1.1%6.0%0.7%2.1%
VWIV40.8%34.2%44.9%34.2%43.2%
Skew 25d4.9%3.7%6.8%5.4%4.4%
Skew 10d10.5%7.6%20.7%9.1%9.7%
Call IV 25d31.2%28.1%36.1%30.1%28.4%
Put IV 25d36.2%32.8%41.9%35.5%32.8%
Bid-Ask Spread %7.283.4841.9641.964.59
Gamma HHI0.140.090.290.110.28
Net GEX186.9K-1.3M2.4M-742.9K2.4M
Net DEX91.2M53.0M144.2M115.8M67.6M
Net VEX-671.3K-756.4K-556.5K-648.5K-682.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.231.800.870.55
Total Volume22,4829,39359,55418,37616,070
Total OI478,806.095431,532509,347444,257496,177

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$12.95$13.5032.4%9.7%60.7%19.9%34.2%5.4%0.7%-742.9K115.8M-648.5K0.8741.96N/AN/A9,8238,553232,293211,964
2019-03-04$12.11$13.5035.9%11.2%64.1%27.8%40.9%6.8%-0.3%-1.1M139.1M-556.5K1.1710.77N/AN/A27,44032,114222,906208,626
2019-03-05$11.97$13.0035.3%10.6%64.1%26.6%37.8%5.9%0.6%-1.3M134.7M-599.6K0.723.48N/AN/A19,47013,933239,243218,099
2019-03-06$11.56$13.0037.0%11.5%64.1%29.9%37.7%5.8%-0.5%-849.2K144.2M-565.2K1.644.41N/AN/A21,22834,714255,330220,915
2019-03-07$12.15$13.0037.5%11.2%67.7%30.6%40.6%5.2%0.8%-747.9K119.0M-680.4K1.056.36N/AN/A28,39729,679265,393232,492
2019-03-08$12.20$13.0036.8%10.5%67.7%29.2%41.6%5.5%-0.2%-165.9K116.2M-680.5K0.484.66N/AN/A15,4387,373277,217232,130
2019-03-11$12.36$12.0032.8%11.9%67.9%21.3%39.4%4.8%2.1%328.6K92.7M-717.3K0.476.88N/AN/A14,7366,985268,006225,583
2019-03-12$12.28$13.0032.3%11.9%67.9%20.1%40.7%5.4%1.6%194.2K87.2M-703.9K0.937.01N/AN/A6,2425,779271,903216,874
2019-03-13$12.09$13.0031.9%11.4%66.3%19.4%38.8%4.7%-0.1%-294.9K94.9M-676.4K0.855.96N/AN/A6,9825,938274,833217,007
2019-03-14$11.95$13.0031.8%11.5%66.1%19.2%39.3%4.7%-0.6%-610.8K98.6M-648.6K1.806.07N/AN/A7,31813,193277,600215,846
2019-03-15$12.07$13.0029.5%11.2%48.5%13.3%39.7%5.2%1.2%-1.2M93.9M-645.8K1.045.88N/AN/A7,9148,197281,537215,726
2019-03-18$12.07$13.0030.6%11.2%40.4%16.5%38.0%4.7%-1.1%421.5K82.2M-657.9K0.554.03N/AN/A6,5453,622244,957203,564
2019-03-19$11.89$13.0030.2%11.6%38.2%15.9%40.6%4.4%0.9%285.9K89.7M-642.1K0.795.82N/AN/A6,9985,539249,095205,466
2019-03-20$11.98$13.0030.6%11.5%38.4%16.5%40.3%4.4%0.5%434.9K82.3M-673.4K0.427.04N/AN/A9,3943,929252,293206,803
2019-03-21$12.14$11.0031.5%12.5%36.6%18.7%43.4%4.3%-0.5%901.5K66.6M-712.9K0.233.97N/AN/A27,0066,105265,331213,815
2019-03-22$12.18$11.0032.1%12.9%36.4%20.8%44.3%5.2%-0.6%968.0K53.9M-756.4K0.335.52N/AN/A9,4043,121277,993216,110
2019-03-25$12.06$11.0033.1%13.0%35.9%21.8%44.9%4.6%5.2%998.9K62.7M-718.7K0.894.41N/AN/A5,0444,498269,436210,539
2019-03-26$12.22$11.0034.1%12.7%36.3%24.1%43.3%4.1%5.6%1.2M53.0M-739.4K0.675.14N/AN/A5,6103,783271,850211,431
2019-03-27$12.15$11.0031.0%12.5%36.0%17.4%42.8%3.7%6.0%1.4M58.5M-704.7K0.494.54N/AN/A7,4673,667275,085212,206
2019-03-28$12.07$11.0030.7%12.4%35.9%16.0%44.5%4.6%0.4%1.4M63.3M-687.6K0.834.31N/AN/A7,0535,821278,581212,673
2019-03-29$12.01$11.0030.6%12.2%35.7%15.3%43.2%4.4%2.1%2.4M67.6M-682.2K0.554.59N/AN/A10,3525,718281,117215,060