CVLG Options History — August 2020

In August 2020, CVLG traded between $8.14 and $10.18. ATM implied volatility averaged 69.6%. The 30-day expected move averaged 18.9%. IV traded below realized volatility by 2.1% (HV 20d: 71.7%). Max pain ranged from $3.75 to $8.75. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 3.50.

Notable Days

  • 2020-08-10: Highest Volume — 3,684 contracts
  • 2020-08-11: Largest IV drop — 48.5% change
  • 2020-08-05: Largest Expected Move — 26.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.38$8.14$10.18$8.71$9.22
Max Pain$7.89$3.75$8.75$7.50$8.75
ATM IV69.6%57.5%122.4%91.5%64.4%
Expected Move18.9%16.5%26.2%26.2%18.5%
HV 20d71.7%68.5%74.7%74.7%68.5%
Term Structure-2.5%-18.4%15.5%-16.0%15.5%
VWIV64.9%43.5%87.0%87.0%60.9%
Skew 25d10.6%0.5%21.3%0.5%5.1%
Skew 10d30.7%11.7%47.4%47.1%13.3%
Call IV 25d62.5%50.5%104.4%104.4%56.1%
Put IV 25d73.1%61.2%104.9%104.9%61.2%
Bid-Ask Spread %88.2081.3898.7398.5898.73
Gamma HHI0.500.360.660.660.39
Net GEX12.9K-10.6K35.7K35.7K-10.6K
Net DEX-747.0K-1.2M-256.5K-1.0M-256.5K
Net VEX-1.9K-2.6K-1.4K-2.5K-1.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.500.0027.500.000.00
Total Volume334.42103,68462
Total OI3,969.6842,7044,6903,7343,656

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-05$8.71$7.5091.5%26.2%0.0%0.0%87.0%0.5%-16.0%35.7K-1.0M-2.5K0.0098.58N/AN/A602,884850
2020-08-06$8.44$3.7593.9%20.7%0.0%0.0%0.0%14.0%-15.3%30.7K-930.2K-2.3K0.0086.74N/AN/A6002,888850
2020-08-07$8.62$3.7582.5%17.2%0.0%0.0%43.5%21.3%0.9%34.5K-960.6K-2.3K27.5087.02N/AN/A41102,888850
2020-08-10$8.14$3.75122.4%23.6%0.0%0.0%81.5%13.1%-13.5%25.7K-866.0K-2.1K1.2881.38N/AN/A1,6182,0662,892850
2020-08-11$9.14$8.7563.0%21.5%0.0%0.0%68.8%15.3%-18.4%1.0K-520.9K-2.6K2.8392.26N/AN/A1664701,8942,714
2020-08-12$9.79$8.7559.7%17.1%0.0%0.0%58.9%2.8%8.6%15.6K-933.0K-2.0K0.0096.03N/AN/A9201,8342,844
2020-08-13$9.72$8.7561.6%17.7%0.0%0.0%77.9%18.8%-2.7%18.0K-891.4K-2.2K1.8581.63N/AN/A26481,8462,844
2020-08-14$10.18$8.7561.3%17.6%0.0%0.0%69.1%9.1%3.2%23.9K-1.2M-2.0K0.0081.58N/AN/A10601,8662,812
2020-08-17$10.08$8.7563.7%18.3%0.0%0.0%65.0%12.1%1.0%23.7K-1.1M-1.9K0.0087.87N/AN/A42401,8042,812
2020-08-18$10.06$8.7561.6%17.7%0.0%0.0%0.0%8.9%-0.4%22.6K-1.0M-1.7K0.0084.20N/AN/A001,6662,812
2020-08-19$9.84$8.7558.8%16.8%0.0%0.0%57.6%1.3%1.1%28.9K-901.0K-1.6K0.0090.38N/AN/A5001,6662,812
2020-08-20$9.48$8.7560.3%17.3%0.0%0.0%66.5%9.3%-0.5%-946-633.3K-1.5K8.0082.86N/AN/A10801,6722,812
2020-08-21$9.75$8.7559.5%17.0%0.0%0.0%61.8%8.6%-2.7%-1.2K-716.1K-1.5K0.4085.53N/AN/A1041,6662,892
2020-08-24$9.96$8.7557.5%16.5%0.0%0.0%57.7%9.1%0.4%218-594.4K-1.4K0.0085.47N/AN/A41801,0921,612
2020-08-25$9.41$8.7560.0%17.2%0.0%0.0%59.8%9.3%1.5%2.9K-482.4K-1.7K0.0090.01N/AN/A2001,4861,612
2020-08-26$9.38$8.7559.1%17.0%74.7%0.0%57.7%10.3%1.2%2.2K-456.8K-1.6K0.0089.90N/AN/A1401,4861,612
2020-08-27$9.18$8.7567.2%19.3%72.9%0.0%64.8%12.7%-1.0%-176-364.7K-1.6K19.7583.67N/AN/A244741,4961,612
2020-08-28$9.18$8.7574.5%21.3%70.6%0.0%60.9%19.3%-10.6%-6.7K-285.5K-1.8K1.3692.02N/AN/A22301,4802,060
2020-08-31$9.22$8.7564.4%18.5%68.5%0.0%0.0%5.1%15.5%-10.6K-256.5K-1.6K0.0098.73N/AN/A201,4662,190