CTL Options History — June 2019

In June 2019, CTL traded between $10.15 and $11.74. ATM implied volatility averaged 37.8%, placing in the 31.6% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded below realized volatility by 1.3% (HV 20d: 39.1%). Max pain ranged from $10.00 to $12.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.72.

Notable Days

  • 2019-06-27: Highest Volume — 35,489 contracts
  • 2019-06-25: Largest IV spike — 10.8% change
  • 2019-06-03: Highest IV Rank — 42.5%
  • 2019-06-03: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.93$10.15$11.74$10.23$11.74
Max Pain$11.72$10.00$12.00$10.00$12.00
ATM IV37.8%34.3%43.3%43.3%35.2%
Expected Move10.7%9.6%12.3%12.3%9.6%
HV 20d39.1%29.4%46.0%44.0%37.2%
HV 60d33.1%31.1%36.5%31.1%36.4%
IV Rank31.6%23.9%42.5%42.5%24.0%
IV Percentile58.1%41.3%75.0%75.0%41.7%
Term Structure-0.0%-2.3%3.5%-1.0%1.9%
VWIV37.6%33.5%44.0%41.9%33.5%
Skew 25d4.1%1.6%6.1%4.2%2.8%
Skew 10d8.7%1.6%13.0%11.3%6.7%
Call IV 25d36.7%32.7%41.6%41.6%32.7%
Put IV 25d40.8%35.6%46.5%45.8%35.6%
Bid-Ask Spread %4.243.046.134.474.40
Gamma HHI0.160.140.220.170.22
Net GEX934.8K-306.9K2.3M-182.6K2.3M
Net DEX37.5M-14.2M79.0M73.7M-14.2M
Net VEX-708.3K-819.3K-608.0K-626.1K-819.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.281.960.360.56
Total Volume16,569.158,54135,48920,54521,133
Total OI494,140.7455,907529,499455,907529,499

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-06-03$10.23$10.0043.3%12.3%44.0%42.5%41.9%4.2%-1.0%-182.6K73.7M-626.1K0.364.47N/AN/A15,0565,489224,195231,712
2019-06-04$10.31$10.0040.8%11.3%44.2%37.9%40.7%5.7%-0.7%68.5K68.6M-624.5K1.963.89N/AN/A4,6049,003235,858230,311
2019-06-05$10.15$10.5041.6%12.1%44.2%39.4%41.6%5.4%0.1%-306.9K79.0M-622.8K1.313.79N/AN/A3,7264,877237,774235,412
2019-06-06$10.48$12.0041.2%11.8%46.0%38.7%43.1%4.6%-0.7%244.1K64.3M-637.4K0.974.04N/AN/A6,3296,129239,404235,807
2019-06-07$10.52$12.0039.6%10.8%42.6%35.6%44.0%5.4%-0.4%951.2K60.9M-647.8K0.603.89N/AN/A11,3946,867242,892236,774
2019-06-10$10.32$12.0038.2%11.1%43.1%32.4%38.2%2.8%0.4%314.1K68.3M-608.0K0.894.43N/AN/A4,5214,020242,580233,966
2019-06-11$10.68$12.0039.2%10.7%43.4%34.2%38.4%2.4%-2.3%728.7K52.2M-645.4K0.353.04N/AN/A16,7925,808244,312236,390
2019-06-12$10.78$12.0038.2%10.7%40.4%32.3%37.6%3.9%-0.9%838.9K50.3M-655.5K0.403.14N/AN/A19,5427,891243,513237,206
2019-06-13$11.11$12.0038.7%10.9%41.7%33.7%38.2%3.2%-1.0%1.5M27.7M-721.1K0.594.78N/AN/A16,1829,489256,358241,683
2019-06-14$11.11$12.0037.2%10.5%40.8%30.7%36.4%3.7%-0.6%1.2M24.9M-743.2K0.544.76N/AN/A9,6835,250263,292243,846
2019-06-17$11.30$12.0036.8%10.6%40.9%30.1%36.5%6.1%-0.8%1.6M15.7M-747.4K0.764.17N/AN/A11,4648,717263,461238,893
2019-06-18$11.43$12.0037.0%10.6%36.8%30.1%36.4%5.2%0.2%1.6M7.4M-770.2K0.563.51N/AN/A8,5984,851267,819242,127
2019-06-19$11.34$12.0036.4%10.4%37.0%28.5%35.7%4.3%-0.6%1.6M10.9M-787.3K0.403.18N/AN/A6,9102,743269,945243,727
2019-06-20$11.34$12.0035.1%10.1%35.0%26.1%35.0%3.9%-0.6%1.6M10.1M-790.1K0.573.17N/AN/A7,3724,211272,308243,663
2019-06-21$11.31$12.0034.6%9.9%32.1%25.0%33.8%5.0%-0.5%1.2M13.0M-758.1K0.404.38N/AN/A7,5913,029275,219244,309
2019-06-24$11.12$12.0035.0%9.7%29.4%26.4%35.7%3.8%1.3%993.3K34.7M-750.6K1.675.19N/AN/A4,0046,686258,518230,879
2019-06-25$10.73$12.0038.8%10.8%32.7%33.9%37.4%1.6%3.5%173.6K54.4M-698.5K0.546.13N/AN/A9,0544,852260,382235,738
2019-06-26$10.89$12.0035.0%9.9%32.1%25.7%34.9%4.6%2.4%338.1K48.2M-723.0K0.775.29N/AN/A6,7815,246265,801238,688
2019-06-27$11.64$12.0034.3%9.6%38.4%23.9%34.2%3.1%0.0%2.0M-355.9K-790.4K0.285.11N/AN/A27,8177,672269,068239,485
2019-06-28$11.74$12.0035.2%9.6%37.2%24.0%33.5%2.8%1.9%2.3M-14.2M-819.3K0.564.40N/AN/A13,5477,586287,018242,481