CTL Options History — July 2019

In July 2019, CTL traded between $11.07 and $12.26. ATM implied volatility averaged 42.0%, placing in the 40.3% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 9.3% (HV 20d: 32.8%). Max pain ranged from $11.00 to $12.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.89.

Notable Days

  • 2019-07-10: Highest Volume — 29,001 contracts
  • 2019-07-08: Largest IV spike — 17.2% change
  • 2019-07-30: Highest IV Rank — 49.8%
  • 2019-07-31: Largest Expected Move — 16.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.74$11.07$12.26$11.68$12.16
Max Pain$11.23$11.00$12.00$12.00$11.50
ATM IV42.0%31.0%46.8%31.0%46.2%
Expected Move12.4%8.2%16.1%8.6%16.1%
HV 20d32.8%26.3%36.7%36.1%27.7%
HV 60d36.2%35.5%36.9%36.4%36.9%
IV Rank40.3%17.6%49.8%17.8%48.9%
IV Percentile67.2%24.2%84.1%25.0%82.5%
Term Structure0.3%-4.1%12.1%11.4%-2.9%
VWIV43.6%28.1%55.3%29.3%55.3%
Skew 25d5.1%2.7%6.9%2.7%6.9%
Skew 10d11.7%4.1%14.5%4.1%13.1%
Call IV 25d40.5%29.8%44.1%31.5%44.1%
Put IV 25d45.6%33.2%51.0%34.2%51.0%
Bid-Ask Spread %5.804.047.924.217.92
Gamma HHI0.190.130.290.240.18
Net GEX1.9M616.0K2.7M2.7M2.3M
Net DEX1.8M-33.2M39.4M-1.1M-20.9M
Net VEX-779.2K-827.9K-742.6K-803.0K-827.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.101.900.590.25
Total Volume13,869.6366,01729,00113,45110,052
Total OI496,620.545405,243553,043526,120436,875

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$11.68$12.0031.0%8.6%36.1%17.8%29.3%2.7%11.4%2.7M-1.1M-803.0K0.594.21N/AN/A8,4544,997286,428239,692
2019-07-02$11.66$12.0031.7%8.2%36.2%19.3%28.1%3.9%11.4%2.6M542.0K-796.2K1.904.26N/AN/A2,8535,425287,757242,336
2019-07-03$11.64$12.0031.1%8.3%35.4%17.6%28.1%3.4%11.3%2.3M5.8M-791.8K1.214.04N/AN/A2,7273,290288,498245,550
2019-07-05$11.77$11.0035.7%11.9%34.2%17.6%42.8%3.3%12.1%2.1M-5.4M-781.8K0.565.38N/AN/A6,1613,465288,995245,829
2019-07-08$11.64$11.0041.9%11.7%34.7%46.1%43.1%5.6%-4.1%2.0M6.1M-760.8K0.535.26N/AN/A9,3905,006281,735242,074
2019-07-09$11.78$11.0042.5%11.9%33.6%44.1%42.2%6.5%-2.1%2.3M-3.8M-776.3K1.064.55N/AN/A5,7336,074288,499245,672
2019-07-10$11.91$11.0043.3%11.6%32.0%42.8%39.7%6.1%-2.7%2.5M-10.8M-774.3K0.105.39N/AN/A26,3232,678288,002244,971
2019-07-11$12.06$11.0042.8%11.8%32.1%42.5%40.9%5.5%-2.6%2.5M-22.7M-785.1K0.636.43N/AN/A7,1844,521291,903245,263
2019-07-12$12.19$11.0042.5%11.8%30.8%42.4%40.5%5.4%-2.1%2.4M-32.0M-779.1K0.476.03N/AN/A8,5844,066293,868246,378
2019-07-15$12.26$11.0043.4%12.4%30.8%42.5%41.9%6.1%-1.8%2.5M-33.2M-783.7K0.914.30N/AN/A5,8795,366291,671242,384
2019-07-16$12.16$11.0044.6%12.7%30.8%44.7%43.7%5.6%-0.9%2.2M-29.6M-779.1K0.756.02N/AN/A7,2305,436293,761243,882
2019-07-17$11.80$11.0043.2%12.4%32.8%42.6%47.5%4.8%0.8%1.6M1.9M-757.3K0.645.39N/AN/A5,3703,410294,307246,726
2019-07-18$11.39$11.0045.4%13.1%35.2%48.0%45.0%6.3%-1.8%1.2M35.0M-763.2K1.825.86N/AN/A8,20414,962295,612257,431
2019-07-19$11.39$11.0045.4%13.2%35.2%48.4%45.3%5.3%-2.7%969.1K32.5M-769.6K0.567.38N/AN/A8,9725,029296,853255,380
2019-07-22$11.07$11.0044.1%13.3%36.7%42.9%48.0%3.2%-1.2%616.0K38.4M-747.9K1.107.68N/AN/A11,58412,794204,606200,637
2019-07-23$11.14$11.0045.6%13.5%36.3%47.3%47.1%6.8%-4.0%734.9K39.4M-742.6K1.344.70N/AN/A6,6608,910210,688211,256
2019-07-24$11.45$11.0043.4%13.1%34.9%43.1%48.1%2.9%-1.8%1.3M23.6M-758.2K1.296.19N/AN/A7,3539,493214,543212,587
2019-07-25$11.47$11.0044.3%13.7%34.6%45.3%50.3%5.0%-0.0%1.5M20.3M-777.9K1.457.90N/AN/A5,9368,587216,898213,931
2019-07-26$11.74$11.5044.8%14.0%26.5%48.0%49.3%5.0%-3.5%1.6M2.1M-784.8K1.625.23N/AN/A6,1369,965218,456214,257
2019-07-29$11.77$11.5044.7%14.3%26.3%43.8%50.4%6.7%-3.5%1.7M5.4M-777.1K0.206.46N/AN/A7,7291,520215,363211,305
2019-07-30$12.07$11.5046.8%14.9%27.7%49.8%52.7%5.3%-2.7%2.3M-12.5M-824.3K0.487.02N/AN/A7,8353,789220,904211,889
2019-07-31$12.16$11.5046.2%16.1%27.7%48.9%55.3%6.9%-2.9%2.3M-20.9M-827.9K0.257.92N/AN/A8,0272,025223,956212,919