CTL Options History — May 2019

In May 2019, CTL traded between $9.66 and $11.65. ATM implied volatility averaged 41.9%, placing in the 39.9% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 8.8% (HV 20d: 33.0%). Max pain ranged from $10.00 to $12.00. Net GEX was positive for 5 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.99.

Notable Days

  • 2019-05-30: Highest Volume — 40,991 contracts
  • 2019-05-09: Largest IV drop — 27.2% change
  • 2019-05-07: Highest IV Rank — 64.6%
  • 2019-05-02: Largest Expected Move — 19.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.72$9.66$11.65$11.36$10.45
Max Pain$10.86$10.00$12.00$12.00$10.00
ATM IV41.9%33.6%54.0%51.2%40.8%
Expected Move12.1%9.6%19.2%17.6%11.5%
HV 20d33.0%23.5%44.7%24.3%44.7%
HV 60d36.6%31.3%43.2%43.0%32.7%
IV Rank39.9%23.0%64.6%59.2%38.1%
IV Percentile72.6%50.0%96.0%93.3%71.4%
Term Structure-1.2%-7.0%2.0%-7.0%-0.3%
VWIV43.6%34.7%66.4%63.7%43.8%
Skew 25d6.5%4.3%13.7%5.4%5.7%
Skew 10d15.9%6.6%33.6%33.6%15.4%
Call IV 25d39.6%32.4%51.3%51.3%39.5%
Put IV 25d46.2%37.3%60.3%56.7%45.3%
Bid-Ask Spread %6.764.0011.408.014.00
Gamma HHI0.150.090.210.090.17
Net GEX-585.2K-1.3M429.0K11.3K-248.0K
Net DEX83.6M46.4M117.1M60.9M67.8M
Net VEX-603.1K-730.3K-509.7K-708.0K-646.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.273.580.270.72
Total Volume22,010.3646,29940,99113,92715,050
Total OI476,354.773418,552515,981464,230477,219

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$11.36$12.0051.2%17.6%24.3%59.2%63.7%5.4%-7.0%11.3K60.9M-708.0K0.278.01N/AN/A11,0052,922249,434214,796
2019-05-02$11.40$12.0052.0%19.2%23.5%62.2%66.4%5.2%-2.5%-149.5K59.3M-698.9K0.557.31N/AN/A6,5653,588245,834216,476
2019-05-03$11.65$12.0050.1%18.4%25.0%56.6%63.6%6.4%2.0%256.9K46.4M-721.4K0.844.82N/AN/A13,38511,303248,730217,785
2019-05-06$11.56$11.0049.7%13.0%24.3%53.3%46.5%7.5%-0.8%429.0K49.7M-730.3K1.437.48N/AN/A4,7186,729250,080222,303
2019-05-07$11.36$11.0054.0%14.6%24.7%64.6%50.7%13.7%-4.4%237.3K60.2M-701.8K0.527.35N/AN/A7,5143,935252,605228,085
2019-05-08$11.43$11.0052.5%13.1%24.7%61.8%45.9%7.7%-6.1%297.5K58.5M-696.4K0.4110.44N/AN/A16,5446,758255,605229,346
2019-05-09$10.86$11.0038.2%10.4%28.9%32.8%37.7%7.1%-0.8%-1.1M104.1M-587.4K0.4411.40N/AN/A23,57110,428264,304232,542
2019-05-10$10.86$11.0037.1%10.4%28.7%30.6%38.6%5.7%-0.8%-684.1K99.2M-568.8K0.667.68N/AN/A11,2117,426271,089233,915
2019-05-13$10.51$11.0041.8%11.3%28.2%38.9%44.5%7.0%-2.5%-834.4K110.7M-533.7K3.584.45N/AN/A7,60027,234252,275225,124
2019-05-14$10.99$11.0036.6%10.0%33.5%29.2%34.7%7.6%-1.4%-929.6K91.0M-587.5K0.765.24N/AN/A17,35513,228260,352243,363
2019-05-15$10.91$11.0034.4%9.8%32.8%24.5%37.9%6.1%-0.7%-1.0M97.4M-569.0K0.404.02N/AN/A4,5071,792260,050248,193
2019-05-16$10.66$11.0033.6%9.6%33.4%23.0%36.0%4.4%0.2%-1.0M113.5M-538.7K2.664.47N/AN/A5,13713,684260,540247,747
2019-05-17$10.57$11.0035.9%9.8%33.3%29.3%36.8%6.8%-3.4%-1.1M117.1M-523.2K1.046.73N/AN/A13,73514,239258,846257,135
2019-05-20$10.11$11.0039.1%11.1%35.6%33.3%40.8%8.0%-0.2%-1.3M94.7M-509.7K0.444.83N/AN/A15,7866,973199,093219,459
2019-05-21$10.26$11.0036.4%10.4%36.4%28.3%36.3%6.0%0.0%-1.2M89.5M-526.0K1.185.42N/AN/A9,21310,827209,438223,158
2019-05-22$9.98$10.5037.4%10.7%36.6%30.7%37.2%5.9%0.7%-1.2M97.1M-520.7K2.306.69N/AN/A11,36226,142221,930229,162
2019-05-23$9.66$10.5041.8%12.0%37.7%39.9%38.5%6.4%-0.6%-1.3M104.3M-545.2K0.9210.16N/AN/A16,62815,240228,318239,853
2019-05-24$10.14$10.0038.3%10.8%42.0%31.5%36.9%7.0%1.5%-825.3K87.5M-565.2K1.219.66N/AN/A8,69310,550233,780237,465
2019-05-28$10.14$10.0039.1%10.6%41.9%34.7%35.3%4.6%0.9%-896.1K88.4M-557.9K0.557.19N/AN/A10,4495,729226,698239,069
2019-05-29$10.38$10.0040.8%11.1%42.7%37.8%39.1%5.5%-0.2%-366.0K77.6M-598.2K0.575.76N/AN/A9,2225,260232,807241,295
2019-05-30$10.68$10.0040.4%11.1%44.3%36.9%48.3%4.3%-0.2%-13664.6M-634.0K0.295.70N/AN/A31,7889,203232,419242,088
2019-05-31$10.45$10.0040.8%11.5%44.7%38.1%43.8%5.7%-0.3%-248.0K67.8M-646.9K0.724.00N/AN/A8,7336,317232,615244,604