CTL Options History — August 2019

In August 2019, CTL traded between $10.57 and $12.06. ATM implied volatility averaged 40.5%, placing in the 36.9% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded below realized volatility by 6.2% (HV 20d: 46.7%). Max pain ranged from $11.00 to $12.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 1.27.

Notable Days

  • 2019-08-08: Highest Volume — 52,606 contracts
  • 2019-08-09: Largest IV drop — 27.5% change
  • 2019-08-05: Highest IV Rank — 72.7%
  • 2019-08-02: Largest Expected Move — 18.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.40$10.57$12.06$12.06$11.36
Max Pain$11.66$11.00$12.00$11.50$11.50
ATM IV40.5%29.7%58.3%48.4%34.7%
Expected Move11.4%9.1%18.3%17.2%9.5%
HV 20d46.7%27.8%56.8%27.9%56.7%
HV 60d39.6%35.0%42.2%36.8%41.1%
IV Rank36.9%11.5%72.7%54.4%24.4%
IV Percentile55.8%13.1%98.4%89.3%30.6%
Term Structure-1.3%-4.6%1.4%-2.9%0.7%
VWIV40.9%33.3%67.7%60.3%33.3%
Skew 25d7.5%3.8%19.1%11.4%6.2%
Skew 10d18.3%7.4%34.9%16.8%13.9%
Call IV 25d37.7%31.8%51.3%47.0%32.5%
Put IV 25d45.2%37.3%63.5%58.4%38.8%
Bid-Ask Spread %8.204.7913.907.354.79
Gamma HHI0.170.120.380.190.19
Net GEX513.7K-1.1M3.8M2.2M988.2K
Net DEX43.3M-15.9M89.8M-15.9M53.1M
Net VEX-777.3K-846.6K-643.6K-839.8K-792.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.270.165.880.470.87
Total Volume16,290.56,11452,6068,4777,239
Total OI478,810.227439,269508,088439,269504,261

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$12.06$11.5048.4%17.2%27.9%54.4%60.3%11.4%-2.9%2.2M-15.9M-839.8K0.477.35N/AN/A5,7742,703225,839213,430
2019-08-02$12.01$11.5052.7%18.3%27.8%64.1%67.7%8.8%-4.2%3.8M-9.9M-845.1K5.887.62N/AN/A3,19018,764226,827214,727
2019-08-05$11.81$11.0058.3%14.6%28.2%72.7%54.3%19.1%-4.6%929.6K9.8M-846.6K1.408.44N/AN/A4,4706,263220,023227,620
2019-08-06$11.89$11.0051.4%13.9%28.0%58.6%49.1%5.8%-0.7%1.1M6.8M-832.2K0.6611.93N/AN/A7,1794,766220,630227,925
2019-08-07$11.62$12.0052.5%13.5%28.9%61.8%48.5%6.2%-4.3%907.0K17.7M-805.9K3.5213.90N/AN/A5,12418,047222,381229,311
2019-08-08$10.62$12.0040.9%10.0%42.2%39.4%35.0%8.6%-3.3%-1.1M89.8M-643.6K1.379.96N/AN/A22,16630,440224,126241,678
2019-08-09$10.78$12.0029.7%9.2%42.5%11.5%36.8%8.1%-2.1%-524.0K82.1M-684.9K0.8210.42N/AN/A8,7077,126231,346253,279
2019-08-12$11.18$12.0036.5%10.4%44.9%27.2%36.2%3.8%-0.2%-215.3K62.0M-720.6K0.248.42N/AN/A11,5212,792223,648252,851
2019-08-13$11.53$12.0035.9%9.1%46.6%27.3%33.4%4.5%-4.1%550.6K38.7M-762.5K0.337.45N/AN/A7,5922,499228,768254,073
2019-08-14$11.31$12.0041.4%10.9%45.9%38.9%37.8%7.7%-0.8%148.3K53.8M-738.5K0.928.12N/AN/A3,5323,246230,850254,463
2019-08-15$10.57$12.0041.5%11.2%50.3%40.1%43.1%8.1%-3.4%-653.9K84.8M-691.5K1.5110.96N/AN/A9,10713,729231,889254,716
2019-08-16$11.18$12.0036.6%10.5%54.6%28.9%36.5%8.2%-1.0%-10.2K56.6M-758.4K0.187.29N/AN/A17,8453,301234,965260,242
2019-08-19$11.55$12.0034.5%9.9%54.8%24.6%35.3%7.4%1.2%829.9K32.6M-769.3K0.467.57N/AN/A19,1208,744214,309249,546
2019-08-20$11.26$11.5037.1%10.6%55.6%29.7%36.7%5.0%-0.2%547.6K50.6M-760.1K0.166.18N/AN/A7,1901,184221,782256,887
2019-08-21$11.38$11.5034.9%10.0%54.9%25.5%34.8%8.4%-0.4%834.7K47.3M-759.3K0.519.18N/AN/A4,8352,482224,428257,447
2019-08-22$11.57$11.5036.7%10.5%55.2%28.8%34.9%7.4%1.4%1.2M29.7M-781.0K2.177.86N/AN/A10,58823,021225,603258,891
2019-08-23$11.22$11.5038.5%10.9%55.6%32.0%37.9%6.6%0.3%-135.5K64.3M-822.2K4.418.96N/AN/A3,69616,317227,631280,457
2019-08-26$11.57$11.5038.1%10.9%56.8%32.3%38.5%5.7%0.4%124.4K43.5M-836.1K0.405.10N/AN/A4,3961,768220,593277,895
2019-08-27$11.40$11.5039.4%10.9%56.1%35.0%38.0%5.5%0.1%47.6K54.3M-802.0K0.687.58N/AN/A3,6292,485223,914278,731
2019-08-28$11.55$11.5036.5%10.4%56.3%28.8%37.1%7.9%-0.5%76.9K47.7M-812.2K0.275.17N/AN/A10,6052,813224,523278,799
2019-08-29$11.31$11.5034.5%9.3%56.6%24.5%34.0%5.1%0.3%-409.6K52.9M-795.6K0.636.09N/AN/A5,1583,238222,656279,865
2019-08-30$11.36$11.5034.7%9.5%56.7%24.4%33.3%6.2%0.7%988.2K53.1M-792.7K0.874.79N/AN/A3,8803,359224,463279,798