CVLG Options History — September 2020

In September 2020, CVLG traded between $7.79 and $9.47. ATM implied volatility averaged 70.4%. The 30-day expected move averaged 19.9%. IV traded above realized volatility by 19.4% (HV 20d: 51.0%). Max pain ranged from $6.25 to $10.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 2.02.

Notable Days

  • 2020-09-04: Highest Volume — 268 contracts
  • 2020-09-22: Largest IV spike — 42.5% change
  • 2020-09-02: Largest Expected Move — 23.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.57$7.79$9.47$9.47$8.84
Max Pain$8.69$6.25$10.00$8.75$7.50
ATM IV70.4%55.3%81.4%68.3%69.2%
Expected Move19.9%15.8%23.3%19.6%19.8%
HV 20d51.0%41.9%67.2%67.2%50.3%
Term Structure-4.1%-14.7%30.9%-3.0%1.0%
VWIV66.5%43.2%80.7%57.0%71.1%
Skew 25d13.4%0.8%30.0%21.2%2.8%
Skew 10d24.3%-22.4%44.8%15.4%14.3%
Call IV 25d59.4%43.4%70.9%53.3%70.9%
Put IV 25d72.9%58.9%83.0%74.5%73.6%
Bid-Ask Spread %94.7178.36126.38101.9284.58
Gamma HHI0.370.160.750.340.25
Net GEX-13.5K-60.5K6.0K-3.6K6.0K
Net DEX4.0K-415.2K610.4K-415.2K-253.5K
Net VEX-727-1.7K-114-1.7K-608
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.020.0013.8913.891.00
Total Volume45.905026804
Total OI2,626.3812824,0503,658880

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-09-01$9.47$8.7568.3%19.6%67.2%0.0%0.0%21.2%-3.0%-3.6K-415.2K-1.7K0.00101.92N/AN/A001,4682,190
2020-09-02$9.21$8.7581.4%23.3%66.4%0.0%0.0%13.2%-13.9%-7.4K-310.4K-1.6K0.00101.79N/AN/A001,4682,190
2020-09-03$8.98$10.0068.2%20.0%65.9%0.0%0.0%15.6%-5.9%-9.4K-295.4K-1.4K0.0081.34N/AN/A0581,4662,190
2020-09-04$8.92$10.0081.3%19.7%65.7%0.0%0.0%12.6%-11.9%-13.6K-132.8K-1.5K13.8980.31N/AN/A182501,4662,244
2020-09-08$8.62$10.0081.1%20.1%63.6%0.0%0.0%16.9%-12.2%-26.0K57.5K-1.2K2.2982.79N/AN/A14321,4482,494
2020-09-09$8.85$10.0068.6%19.7%48.7%0.0%0.0%13.0%-5.2%-23.0K-66.9K-1.2K0.0080.66N/AN/A001,4322,526
2020-09-10$8.60$10.0070.0%20.1%41.9%0.0%0.0%9.4%-8.3%-34.6K123.7K-1.1K0.0078.36N/AN/A0801,4322,526
2020-09-11$8.16$10.0064.7%18.5%45.0%0.0%0.0%30.0%-5.0%-43.4K404.6K-8540.0091.55N/AN/A401,4302,606
2020-09-14$8.40$10.0071.2%20.4%42.6%0.0%0.0%14.0%-10.1%-44.6K259.5K-7440.0084.92N/AN/A001,4342,606
2020-09-15$8.73$10.0068.4%19.6%45.9%0.0%0.0%19.0%-7.0%-44.2K63.8K-6360.0098.62N/AN/A001,4342,606
2020-09-16$8.43$10.0071.7%20.5%46.9%0.0%0.0%21.3%-13.0%-60.5K349.0K-4500.00106.79N/AN/A1001,4342,606
2020-09-17$8.34$10.0062.1%17.8%46.6%0.0%0.0%3.7%30.9%585610.4K-1550.00126.38N/AN/A001,4442,606
2020-09-18$7.99$10.0072.8%20.9%47.2%0.0%57.0%12.7%1.4%524589.6K-1420.0092.61N/AN/A2001,4442,606
2020-09-21$7.93$6.2555.3%15.8%45.2%0.0%43.2%0.8%-3.6%532-27.5K-1470.00101.56N/AN/A02100182
2020-09-22$7.79$6.2578.7%22.6%43.6%0.0%0.0%16.4%-14.7%444-24.8K-1140.0097.70N/AN/A00100184
2020-09-23$8.00$6.2566.2%19.0%42.2%0.0%60.9%8.3%-2.0%519-27.9K-1450.0293.83N/AN/A1102100184
2020-09-24$8.37$6.2571.5%20.5%46.3%0.0%76.9%18.9%3.8%4.5K-180.0K-3390.9298.75N/AN/A2624360186
2020-09-25$8.46$7.5069.6%20.0%46.2%0.0%68.1%19.6%-0.9%4.5K-177.1K-3670.00102.40N/AN/A042382208
2020-09-28$8.98$7.5069.7%20.0%51.3%0.0%80.7%10.1%-10.0%4.1K-220.6K-3360.07105.31N/AN/A24818382230
2020-09-29$8.87$7.5067.9%19.5%51.4%0.0%74.0%2.9%2.7%6.0K-242.0K-5360.0096.81N/AN/A02630250
2020-09-30$8.84$7.5069.2%19.8%50.3%0.0%71.1%2.8%1.0%6.0K-253.5K-6081.0084.58N/AN/A22630250