CTL Options History — April 2019

In April 2019, CTL traded between $11.40 and $12.60. ATM implied volatility averaged 44.2%, placing in the 44.3% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded above realized volatility by 20.8% (HV 20d: 23.4%). Max pain ranged from $11.00 to $12.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.80.

Notable Days

  • 2019-04-03: Highest Volume — 32,942 contracts
  • 2019-04-08: Largest IV spike — 20.2% change
  • 2019-04-26: Highest IV Rank — 63.2%
  • 2019-04-30: Largest Expected Move — 17.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.09$11.40$12.60$12.35$11.40
Max Pain$11.33$11.00$12.00$11.00$12.00
ATM IV44.2%29.3%52.7%31.1%52.6%
Expected Move13.9%11.7%17.6%12.0%17.6%
HV 20d23.4%18.9%28.8%28.5%24.6%
HV 60d43.8%42.6%45.4%45.4%43.0%
IV Rank44.3%11.1%63.2%19.8%61.6%
IV Percentile76.8%27.0%95.6%43.3%94.8%
Term Structure1.7%-5.7%15.6%9.7%-1.6%
VWIV48.7%39.3%62.2%39.3%62.2%
Skew 25d5.6%3.0%8.9%4.1%8.9%
Skew 10d12.3%-1.6%33.3%-1.6%16.6%
Call IV 25d42.6%27.5%57.0%30.4%49.7%
Put IV 25d48.2%30.9%59.9%34.5%58.6%
Bid-Ask Spread %6.103.879.504.367.12
Gamma HHI0.120.090.160.130.09
Net GEX1.2M67.6K2.2M1.4M67.6K
Net DEX45.7M23.6M64.1M43.6M60.0M
Net VEX-751.5K-834.0K-694.1K-705.2K-706.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.213.380.270.56
Total Volume17,025.4295,44232,94216,8348,518
Total OI487,520.333429,811530,175480,546460,528

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$12.35$11.0031.1%12.0%28.5%19.8%39.3%4.1%9.7%1.4M43.6M-705.2K0.274.36N/AN/A13,2333,601271,305209,241
2019-04-02$12.16$11.0029.9%12.2%28.8%15.6%41.6%3.5%14.0%1.7M49.4M-694.1K1.405.98N/AN/A6,6939,339280,288208,196
2019-04-03$12.34$11.0029.3%12.4%25.9%13.8%43.3%4.5%14.9%1.9M40.5M-739.9K3.385.23N/AN/A7,51425,428280,891213,840
2019-04-04$12.41$11.0031.0%12.3%19.3%11.1%41.4%3.5%15.6%2.1M36.8M-813.3K0.585.93N/AN/A15,7379,054286,275228,522
2019-04-05$12.57$11.0034.8%11.7%19.7%13.2%41.7%3.8%15.4%2.0M23.6M-834.0K0.524.17N/AN/A18,9899,831285,703232,301
2019-04-08$12.55$11.0041.9%12.2%19.2%46.8%45.8%7.4%-2.9%1.8M34.0M-812.4K0.614.08N/AN/A5,2183,191277,809223,817
2019-04-09$12.36$11.0044.1%12.8%19.9%47.9%45.4%6.8%-1.2%1.5M46.4M-783.5K0.634.63N/AN/A3,3372,105280,051225,652
2019-04-10$12.53$11.0045.6%11.8%19.5%47.6%41.0%6.8%-3.9%1.9M36.8M-771.0K0.555.04N/AN/A6,3063,476281,037226,190
2019-04-11$12.60$11.0044.4%11.8%18.9%46.4%41.8%6.6%-3.6%2.2M30.5M-767.7K0.665.08N/AN/A6,8454,527284,519226,407
2019-04-12$12.15$11.0045.1%12.6%23.2%47.8%43.3%5.8%-1.3%1.3M57.6M-733.6K0.423.87N/AN/A12,2335,194286,711226,995
2019-04-15$11.98$11.0046.6%13.1%23.7%48.1%45.5%4.6%-4.4%1.2M64.1M-701.3K0.446.65N/AN/A8,0743,583281,403221,029
2019-04-16$12.16$11.0049.1%13.9%23.7%53.8%52.9%5.9%-1.8%1.5M51.0M-734.4K0.247.05N/AN/A25,3896,141282,995221,347
2019-04-17$12.11$11.0049.0%14.0%23.6%54.5%49.1%3.3%-5.7%1.9M49.5M-743.7K1.937.23N/AN/A7,44414,380293,780222,623
2019-04-18$12.12$11.0048.5%14.0%23.1%54.6%49.5%5.4%-3.1%1.4M46.0M-772.3K2.214.82N/AN/A9,38420,774296,688233,487
2019-04-22$11.88$12.0049.8%15.1%24.1%54.3%52.4%7.1%-1.4%384.8K44.9M-731.5K0.366.15N/AN/A8,9723,186226,496203,315
2019-04-23$11.88$12.0048.3%15.0%23.9%52.2%52.1%7.6%-0.6%507.8K42.4M-756.1K0.217.26N/AN/A15,3833,224232,283205,931
2019-04-24$11.59$12.0052.2%16.6%24.7%61.2%56.4%8.6%-2.0%307.7K54.1M-739.5K0.367.70N/AN/A12,5534,551239,772207,774
2019-04-25$11.45$12.0050.0%17.1%25.0%57.0%59.4%3.0%4.8%168.8K56.2M-741.6K0.539.04N/AN/A7,0583,715245,621209,874
2019-04-26$11.64$12.0052.7%17.0%25.8%63.2%58.4%4.6%-2.0%254.6K48.7M-738.1K0.329.50N/AN/A11,3363,668248,509212,709
2019-04-29$11.68$12.0052.4%17.1%25.9%60.4%60.8%5.9%-2.8%436.9K43.5M-761.9K0.527.29N/AN/A5,4892,861245,084210,929
2019-04-30$11.40$12.0052.6%17.6%24.6%61.6%62.2%8.9%-1.6%67.6K60.0M-706.9K0.567.12N/AN/A5,4603,058247,588212,940