CVLG Options History — November 2020

In November 2020, CVLG traded between $7.31 and $9.46. ATM implied volatility averaged 64.3%. The 30-day expected move averaged 18.3%. IV traded below realized volatility by 23.4% (HV 20d: 87.7%). Max pain ranged from $6.25 to $7.50. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.23.

Notable Days

  • 2020-11-24: Highest Volume — 430 contracts
  • 2020-11-30: Largest IV spike — 62.1% change
  • 2020-11-30: Largest Expected Move — 22.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.36$7.31$9.46$7.31$9.29
Max Pain$6.44$6.25$7.50$7.50$6.25
ATM IV64.3%48.5%78.6%70.8%78.6%
Expected Move18.3%13.9%22.5%20.3%22.5%
HV 20d87.7%62.8%95.8%84.1%62.8%
HV 60d66.9%64.6%70.2%67.6%67.4%
Term Structure0.8%-23.2%31.3%-0.5%-2.8%
VWIV61.5%50.4%74.1%69.1%56.8%
Skew 25d8.7%-1.8%17.3%9.0%15.8%
Skew 10d13.1%-26.7%50.0%11.5%-26.7%
Call IV 25d57.1%46.6%71.2%71.2%61.4%
Put IV 25d65.8%55.7%80.3%80.3%77.2%
Bid-Ask Spread %91.1768.22107.4695.60107.46
Gamma HHI0.380.230.670.240.53
Net GEX5.4K-1.5K18.3K40617.6K
Net DEX-135.2K-348.6K-5.2K-5.2K-309.4K
Net VEX-427-677-284-451-614
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.230.002.000.270.00
Total Volume36.104302810
Total OI1,340.57281,4901,4321,186

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$7.31$7.5070.8%20.3%84.1%0.0%69.1%9.0%-0.5%406-5.2K-4510.2795.60N/AN/A226976456
2020-11-03$8.12$7.5073.8%21.2%93.5%0.0%72.6%17.3%0.6%5.8K-109.4K-5790.00102.04N/AN/A440976456
2020-11-04$7.71$7.5069.3%19.9%94.5%0.0%74.1%11.0%-2.2%2.1K-52.5K-4730.21104.81N/AN/A286974454
2020-11-05$7.66$6.2567.1%18.4%93.9%0.0%0.0%7.3%0.1%1.5K-47.8K-4502.0068.22N/AN/A24974454
2020-11-06$7.51$6.2568.2%18.2%93.3%0.0%63.8%5.7%-0.8%618-28.8K-4070.0079.76N/AN/A20976458
2020-11-09$7.71$6.2573.6%18.6%92.5%0.0%0.0%8.9%-0.6%1.5K-49.2K-4090.0079.18N/AN/A100978458
2020-11-10$8.16$6.2558.2%17.6%94.9%0.0%64.1%5.5%2.3%4.1K-101.5K-4341.1079.89N/AN/A2022986458
2020-11-11$7.82$6.2562.9%18.0%95.8%0.0%0.0%5.6%-0.5%1.8K-62.9K-3920.3383.66N/AN/A62996458
2020-11-12$7.66$6.2559.8%17.1%90.9%0.0%0.0%-1.8%4.8%617-50.5K-3430.0096.39N/AN/A001,002460
2020-11-13$8.18$6.2561.6%17.7%92.8%0.0%0.0%10.0%-1.6%3.1K-98.1K-3750.0085.07N/AN/A0261,002460
2020-11-16$8.60$6.2561.4%17.6%93.8%0.0%61.3%7.0%-3.3%6.1K-144.7K-3310.0084.04N/AN/A2601,004466
2020-11-17$8.71$6.2562.2%17.8%92.7%0.0%0.0%4.1%-7.1%6.4K-164.1K-3480.0094.60N/AN/A201,022466
2020-11-18$8.72$6.2558.5%16.8%92.6%0.0%0.0%6.3%-5.1%6.6K-169.4K-3390.0088.45N/AN/A401,020466
2020-11-19$8.73$6.2561.1%17.5%91.7%0.0%60.6%8.5%13.4%5.9K-162.4K-3240.0092.79N/AN/A1601,024466
2020-11-20$8.74$6.2560.2%17.3%91.4%0.0%51.7%11.1%-3.1%-1.5K-159.3K-3200.0090.89N/AN/A201,020466
2020-11-23$8.71$6.2554.1%15.5%91.5%0.0%0.0%11.4%16.1%5.7K-140.3K-2840.0093.51N/AN/A00542186
2020-11-24$9.23$6.2568.1%19.5%84.8%0.0%52.0%6.9%-0.9%6.0K-186.2K-3180.00101.44N/AN/A4300550186
2020-11-25$9.26$6.2568.9%19.7%64.2%0.0%0.0%12.4%-23.2%16.2K-313.5K-6620.0097.52N/AN/A200968186
2020-11-27$9.46$6.2548.5%13.9%63.2%0.0%50.4%12.7%31.3%18.3K-348.6K-6770.0098.03N/AN/A120988186
2020-11-30$9.29$6.2578.6%22.5%62.8%0.0%56.8%15.8%-2.8%17.6K-309.4K-6140.00107.46N/AN/A1001,000186