CTL Options History — October 2019

In October 2019, CTL traded between $11.39 and $13.06. ATM implied volatility averaged 48.7%, placing in the 48.5% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded above realized volatility by 13.9% (HV 20d: 34.9%). Max pain ranged from $12.00 to $13.00. Net GEX was positive for 10 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 0.77.

Notable Days

  • 2019-10-18: Highest Volume — 32,305 contracts
  • 2019-10-07: Largest IV spike — 17.8% change
  • 2019-10-08: Highest IV Rank — 57.9%
  • 2019-10-30: Largest Expected Move — 17.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.19$11.39$13.06$12.22$12.91
Max Pain$12.22$12.00$13.00$12.00$12.50
ATM IV48.7%39.7%52.7%39.7%51.8%
Expected Move14.4%11.2%17.4%11.2%16.4%
HV 20d34.9%23.4%45.0%40.5%23.4%
HV 60d43.6%42.7%44.1%42.7%43.3%
IV Rank48.5%25.2%57.9%28.7%57.7%
IV Percentile84.1%52.8%95.2%57.9%95.2%
Term Structure0.2%-5.5%11.7%8.6%-5.5%
VWIV50.1%38.5%60.4%38.5%58.9%
Skew 25d7.2%-13.6%13.1%6.5%9.0%
Skew 10d21.2%-16.1%51.5%16.1%28.1%
Call IV 25d45.8%36.8%65.3%36.8%46.6%
Put IV 25d53.0%42.3%58.8%43.2%55.6%
Bid-Ask Spread %11.275.2063.295.209.28
Gamma HHI0.160.110.300.110.14
Net GEX189.2K-694.6K1.6M739.5K353.8K
Net DEX67.4M19.2M118.1M49.5M35.9M
Net VEX-824.0K-906.7K-772.4K-906.7K-844.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.154.551.210.79
Total Volume11,352.4355,00332,3059,1975,742
Total OI528,816.696445,722577,931553,546473,728

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-10-01$12.22$12.0039.7%11.2%40.5%28.7%38.5%6.5%8.6%739.5K49.5M-906.7K1.215.20N/AN/A4,1575,040244,739308,807
2019-10-02$11.57$12.0042.7%12.3%45.0%35.3%42.5%6.1%7.2%-176.3K95.5M-848.3K4.556.08N/AN/A5,26723,978245,415309,700
2019-10-03$11.44$13.0047.2%14.8%44.7%40.4%49.4%4.6%11.7%-505.1K110.8M-836.4K0.6363.29N/AN/A3,9442,498246,498316,708
2019-10-04$11.47$13.0042.1%14.2%44.7%25.2%44.5%4.8%8.6%-337.8K113.0M-835.7K2.0314.21N/AN/A6,99914,199248,092319,527
2019-10-07$11.47$12.0049.6%14.5%44.4%55.8%47.3%5.7%-0.8%-673.8K111.6M-821.0K0.3521.51N/AN/A5,0441,782244,746323,654
2019-10-08$11.39$12.0051.5%14.8%40.2%57.9%50.6%8.9%-2.0%-694.6K118.1M-801.8K0.627.70N/AN/A3,2502,005246,380324,118
2019-10-09$11.44$12.0051.6%14.7%34.4%54.9%49.1%4.7%0.8%-489.5K115.3M-799.7K0.349.66N/AN/A3,9191,346248,053324,381
2019-10-10$11.62$12.0052.0%14.0%33.4%57.5%48.2%8.4%-4.2%13.1K101.3M-811.5K0.626.07N/AN/A3,0901,913248,981324,727
2019-10-11$11.78$12.0050.1%13.8%30.1%53.9%48.6%11.0%-3.3%-15.6K86.4M-835.9K0.7111.45N/AN/A5,0503,583249,766325,298
2019-10-14$11.76$12.0047.2%13.3%30.1%42.9%48.2%8.1%1.6%-54.4K96.3M-772.4K0.696.77N/AN/A3,1622,171246,485323,840
2019-10-15$12.11$12.0046.8%13.3%32.3%43.1%46.4%6.9%0.2%713.2K60.2M-795.3K0.475.39N/AN/A8,8504,126247,448324,302
2019-10-16$12.19$12.0048.2%13.8%32.5%47.1%48.6%6.5%2.5%937.3K48.3M-796.0K0.647.77N/AN/A4,7703,075249,649325,886
2019-10-17$12.03$12.0048.0%13.6%32.6%45.6%48.6%6.9%1.1%1.6M68.0M-788.2K0.497.47N/AN/A4,1262,022250,078327,853
2019-10-18$12.47$12.0048.8%14.2%34.5%50.6%48.0%8.7%-2.5%-101.6K19.2M-790.7K0.726.49N/AN/A18,77613,529250,045327,670
2019-10-21$12.39$12.0049.2%14.1%32.6%49.6%48.7%9.0%-4.0%194.2K65.6M-777.8K0.688.41N/AN/A9,6136,573173,781271,941
2019-10-22$12.77$12.0050.9%14.6%34.2%53.5%51.0%12.2%-1.8%943.9K43.4M-829.3K0.208.02N/AN/A17,3623,500179,162276,938
2019-10-23$13.06$12.0048.3%14.1%34.7%47.3%49.3%13.1%-3.4%1.5M20.7M-851.6K0.2610.42N/AN/A8,2932,146190,770278,813
2019-10-24$12.81$12.5051.0%15.0%33.8%54.6%54.2%10.8%-1.0%1.5M37.4M-849.2K0.227.78N/AN/A11,8052,637192,502282,330
2019-10-25$12.86$12.5050.0%15.5%33.5%51.7%53.8%11.4%-2.2%-503.8K33.9M-836.2K0.157.27N/AN/A4,492671195,395282,120
2019-10-28$12.94$12.5052.7%16.1%33.5%57.1%57.7%4.1%-2.2%-357.8K37.6M-849.2K0.2910.80N/AN/A10,2132,982178,539279,855
2019-10-29$12.82$12.5049.8%16.5%32.3%49.2%60.3%11.1%-1.8%-234.8K42.8M-834.7K0.386.90N/AN/A4,4971,697183,843281,379
2019-10-30$12.86$12.5051.5%17.4%24.2%54.9%60.4%-13.6%-3.0%-104.2K39.6M-839.6K0.6211.26N/AN/A4,4452,767186,314282,528
2019-10-31$12.91$12.5051.8%16.4%23.4%57.7%58.9%9.0%-5.5%353.8K35.9M-844.1K0.799.28N/AN/A3,2092,533189,544284,184