CTL Options History — July 2020

In July 2020, CTL traded between $9.64 and $10.06. ATM implied volatility averaged 52.7%, placing in the 15.3% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 15.5% (HV 20d: 37.2%). Max pain ranged from $11.00 to $12.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 1.35.

Notable Days

  • 2020-07-31: Highest Volume — 31,331 contracts
  • 2020-07-02: Largest IV spike — 97.5% change
  • 2020-07-02: Highest IV Rank — 35.5%
  • 2020-07-31: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.82$9.64$10.06$9.94$9.64
Max Pain$11.05$11.00$12.00$12.00$11.00
ATM IV52.7%41.1%81.3%41.1%53.5%
Expected Move14.1%10.7%16.2%12.0%16.2%
HV 20d37.2%27.9%53.3%53.2%27.9%
HV 60d48.3%45.2%54.3%54.3%45.3%
IV Rank15.3%7.9%35.5%7.9%14.4%
IV Percentile74.2%40.1%96.4%40.1%75.4%
Term Structure1.6%-28.3%79.5%21.5%3.2%
VWIV49.9%37.6%54.4%40.5%54.4%
Skew 25d9.5%-2.6%76.5%7.8%-2.0%
Skew 10d16.3%-39.0%89.0%62.6%15.1%
Call IV 25d48.8%39.4%56.4%39.4%48.5%
Put IV 25d58.3%46.4%126.9%47.2%46.4%
Bid-Ask Spread %9.425.8015.379.7110.67
Gamma HHI0.180.130.210.130.21
Net GEX-1.0M-1.7M-234.5K-617.3K-1.7M
Net DEX69.6M52.4M82.1M67.9M75.6M
Net VEX-499.7K-522.5K-472.8K-497.6K-473.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.350.295.790.772.77
Total Volume12,009.6364,50131,33130,59531,331
Total OI405,658.318376,067427,914383,332406,354

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$9.94$12.0041.1%12.0%53.2%7.9%40.5%7.8%21.5%-617.3K67.9M-497.6K0.779.71N/AN/A17,30413,291149,160234,172
2020-07-02$9.82$11.0081.3%10.7%53.3%35.5%37.6%29.8%-28.3%-689.5K70.4M-513.3K1.8611.85N/AN/A7,78114,503164,149243,744
2020-07-06$9.99$11.0051.8%13.6%53.2%16.3%50.5%-2.6%79.5%-523.9K67.8M-522.2K0.349.12N/AN/A18,3006,275160,066253,062
2020-07-07$9.89$11.0049.1%13.8%49.3%13.5%49.4%9.2%0.1%-750.2K72.7M-522.5K5.798.00N/AN/A2,94617,061158,109256,222
2020-07-08$9.81$11.0051.1%13.7%48.8%14.1%48.7%6.7%-1.6%-877.3K74.2M-518.1K2.819.25N/AN/A2,0085,644159,189257,453
2020-07-09$9.64$11.0059.8%14.1%48.0%20.4%50.4%76.5%-19.9%-1.2M82.1M-516.5K0.788.44N/AN/A2,8072,183159,873262,379
2020-07-10$9.88$11.0052.0%13.9%36.1%15.1%49.3%5.1%-2.6%-1.1M72.5M-519.5K0.399.73N/AN/A4,0011,542160,307263,916
2020-07-13$9.69$11.0051.6%14.9%34.2%14.2%51.5%6.7%-0.9%-1.2M79.7M-498.5K1.758.12N/AN/A3,6106,302156,542262,853
2020-07-14$9.86$11.0051.2%14.7%34.9%13.9%52.0%6.4%0.2%-1.1M73.8M-510.1K0.416.98N/AN/A4,4321,838157,861266,715
2020-07-15$9.71$11.0053.2%14.3%32.6%15.3%51.4%5.1%-4.3%-1.2M79.3M-515.5K1.745.80N/AN/A3,8856,762160,828267,086
2020-07-16$9.93$11.0052.3%14.5%33.4%14.9%51.3%7.8%-3.4%-658.9K64.3M-508.9K0.297.89N/AN/A3,4891,017161,730261,524
2020-07-17$9.84$11.0050.5%14.1%33.3%14.1%52.3%4.3%0.2%-1.1M70.1M-504.0K0.917.73N/AN/A6,1505,595163,563261,300
2020-07-20$9.65$11.0049.7%14.2%33.9%13.0%50.6%7.5%-1.0%-1.4M69.6M-490.2K1.0411.62N/AN/A5,1875,409131,321244,746
2020-07-21$9.72$11.0051.2%14.6%34.0%14.0%49.1%6.3%3.3%-1.3M69.0M-490.8K0.747.79N/AN/A4,5953,399134,104246,812
2020-07-22$9.85$11.0048.4%13.9%34.4%12.4%48.8%6.5%1.6%-1.2M64.5M-472.8K1.619.21N/AN/A2,3433,763136,367248,661
2020-07-23$9.99$11.0050.5%14.5%31.9%13.7%50.8%5.4%-0.5%-820.2K57.4M-489.8K0.408.92N/AN/A7,5973,031138,138249,912
2020-07-24$10.06$11.0048.9%14.0%30.9%12.7%52.7%5.6%1.8%-234.5K52.4M-478.1K0.918.70N/AN/A4,2863,918142,383252,625
2020-07-27$9.70$11.0053.0%15.0%28.9%15.4%52.1%7.2%-1.9%-1.2M69.0M-480.7K2.309.99N/AN/A4,77910,992137,999250,421
2020-07-28$9.93$11.0049.6%14.5%29.4%13.0%50.2%4.8%1.0%-1.2M61.7M-485.6K0.6913.98N/AN/A3,4642,376140,329257,927
2020-07-29$9.84$11.0050.8%14.7%27.9%13.8%52.7%7.0%-4.4%-1.3M66.2M-501.8K0.678.43N/AN/A2,6951,806141,668259,579
2020-07-30$9.74$11.0058.4%14.9%28.0%19.5%51.7%-1.5%-9.0%-1.4M70.8M-483.5K0.7415.37N/AN/A2,5941,921142,913260,421
2020-07-31$9.64$11.0053.5%16.2%27.9%14.4%54.4%-2.0%3.2%-1.7M75.6M-473.8K2.7710.67N/AN/A8,30923,022144,110262,244