CTL Options History — June 2020

In June 2020, CTL traded between $9.57 and $11.32. ATM implied volatility averaged 45.6%, placing in the 10.8% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 8.5% (HV 20d: 54.1%). Max pain ranged from $10.00 to $13.00. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.94.

Notable Days

  • 2020-06-26: Highest Volume — 29,956 contracts
  • 2020-06-26: Largest IV spike — 40.3% change
  • 2020-06-11: Highest IV Rank — 18.6%
  • 2020-06-11: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.25$9.57$11.32$10.10$10.01
Max Pain$12.05$10.00$13.00$10.00$12.00
ATM IV45.6%34.1%57.7%46.3%43.4%
Expected Move13.1%11.5%15.2%13.0%11.7%
HV 20d54.1%48.5%58.2%49.2%56.1%
HV 60d65.4%54.6%79.9%79.9%54.6%
IV Rank10.8%2.5%18.6%11.1%9.4%
IV Percentile59.8%14.7%85.3%65.9%51.6%
Term Structure5.2%-15.0%75.7%4.4%29.8%
VWIV46.1%41.3%54.5%44.7%41.4%
Skew 25d9.6%5.3%20.0%16.8%20.0%
Skew 10d28.5%-1.5%93.6%18.6%56.4%
Call IV 25d43.2%35.0%51.3%35.0%37.3%
Put IV 25d52.8%48.0%63.5%51.8%57.3%
Bid-Ask Spread %10.006.0919.558.369.25
Gamma HHI0.170.110.260.150.15
Net GEX-57.0K-1.1M894.4K-381.8K-551.3K
Net DEX54.2M24.2M75.5M59.8M67.2M
Net VEX-500.6K-550.8K-459.9K-466.9K-475.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.106.520.103.62
Total Volume12,716.2274,37829,95612,36727,733
Total OI332,606.682299,801365,646299,801365,646

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$10.10$10.0046.3%13.0%49.2%11.1%44.7%16.8%4.4%-381.8K59.8M-466.9K0.108.36N/AN/A11,2711,096120,385179,416
2020-06-02$10.16$10.0044.4%12.9%49.1%10.0%45.7%9.1%0.4%-49.7K53.7M-487.3K0.306.09N/AN/A3,3591,019126,681179,690
2020-06-03$10.65$10.0042.6%12.4%51.8%8.8%44.6%8.1%0.8%46.5K39.8M-490.5K0.136.71N/AN/A10,1611,360128,908179,685
2020-06-04$10.57$13.0042.4%11.5%51.9%9.0%43.3%7.9%-1.9%186.4K42.1M-491.0K0.467.72N/AN/A6,1222,822129,932179,920
2020-06-05$10.77$13.0040.7%11.8%48.5%7.6%41.3%6.8%0.4%5.9K35.3M-498.7K0.6211.65N/AN/A14,3908,930130,422180,257
2020-06-08$11.32$13.0041.5%12.4%49.6%8.1%41.6%8.5%1.7%-60.9K24.2M-534.6K0.967.57N/AN/A7,4267,099132,484185,166
2020-06-09$11.03$13.0042.6%12.2%49.8%8.8%43.4%10.1%0.7%-39.8K33.0M-550.8K0.389.06N/AN/A3,5681,349136,393190,478
2020-06-10$10.68$13.0044.9%12.0%51.6%10.3%44.2%5.6%-2.4%-29.4K44.9M-530.5K0.498.19N/AN/A4,2762,081137,662190,997
2020-06-11$9.73$13.0057.7%15.2%57.1%18.6%54.5%11.1%-6.7%-533.1K66.1M-532.3K0.7018.68N/AN/A8,3155,856139,709192,187
2020-06-12$10.09$13.0052.3%13.9%58.2%15.8%47.4%13.3%-7.6%-245.6K58.3M-519.3K0.3019.55N/AN/A4,3201,298143,417192,876
2020-06-15$10.05$12.0048.0%13.9%58.1%12.4%47.2%9.4%75.7%-94.3K60.6M-506.5K0.3116.44N/AN/A6,9952,157140,677190,694
2020-06-16$10.40$12.0049.5%14.3%56.7%13.3%51.0%9.2%-3.2%395.1K49.0M-514.2K0.408.78N/AN/A6,7222,672145,073190,949
2020-06-17$10.22$12.0048.3%13.8%56.8%12.3%47.6%6.8%29.8%609.8K52.7M-508.7K0.1510.92N/AN/A10,4291,530149,735192,359
2020-06-18$10.11$12.0046.3%13.6%55.9%11.8%53.5%6.2%-10.9%365.0K58.2M-501.0K0.206.74N/AN/A16,7743,432147,979193,398
2020-06-19$10.12$12.0050.1%13.6%55.3%11.7%46.9%9.4%-15.0%894.4K54.9M-503.6K0.4110.83N/AN/A5,8372,390160,127195,934
2020-06-22$10.16$12.0043.9%12.9%55.2%9.4%44.6%5.3%1.9%-67.7K57.7M-499.9K0.356.49N/AN/A9,4213,334141,240188,996
2020-06-23$10.19$12.0041.9%12.6%55.0%8.3%43.4%6.2%6.1%261.5K57.4M-490.3K0.896.97N/AN/A8,6957,721149,408187,795
2020-06-24$9.80$12.0043.5%13.7%56.0%9.4%48.8%7.9%2.7%-237.1K66.5M-476.9K1.4612.86N/AN/A3,0524,470154,846188,522
2020-06-25$10.03$12.0034.1%13.0%56.6%2.5%45.3%12.3%6.2%245.5K60.6M-490.7K0.7211.63N/AN/A6,0394,340154,762192,260
2020-06-26$9.57$12.0047.9%14.1%57.0%13.6%49.4%11.7%-11.7%-1.1M75.5M-459.9K6.529.03N/AN/A3,98225,974156,978196,231
2020-06-29$9.74$12.0050.3%13.5%55.2%14.5%45.2%9.4%12.3%-886.0K73.8M-483.3K1.236.58N/AN/A4,4495,491143,736213,337
2020-06-30$10.01$12.0043.4%11.7%56.1%9.4%41.4%20.0%29.8%-551.3K67.2M-475.0K3.629.25N/AN/A6,00621,727146,643219,003