CVLG Options History — December 2020

In December 2020, CVLG traded between $7.44 and $9.26. ATM implied volatility averaged 62.3%. The 30-day expected move averaged 17.8%. IV traded above realized volatility by 16.1% (HV 20d: 46.2%). Max pain ranged from $6.25 to $7.50. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.59.

Notable Days

  • 2020-12-09: Highest Volume — 200 contracts
  • 2020-12-30: Largest IV spike — 24.8% change
  • 2020-12-30: Largest Expected Move — 21.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.17$7.44$9.26$9.26$7.58
Max Pain$7.43$6.25$7.50$6.25$7.50
ATM IV62.3%56.7%76.1%61.5%65.7%
Expected Move17.8%16.2%21.8%17.6%18.8%
HV 20d46.2%39.7%61.8%61.8%42.9%
HV 60d66.5%65.3%67.8%67.4%66.1%
Term Structure3.9%-11.4%34.0%4.0%-3.2%
VWIV59.0%50.4%63.6%63.6%58.5%
Skew 25d5.4%-9.4%36.9%11.8%2.1%
Skew 10d2.9%-35.9%28.8%28.8%-10.0%
Call IV 25d54.0%37.1%75.3%54.9%45.3%
Put IV 25d59.4%39.4%74.0%66.7%47.5%
Bid-Ask Spread %101.5889.08118.0389.08115.47
Gamma HHI0.430.310.560.540.45
Net GEX4.2K-3.2K17.9K17.9K-852
Net DEX-67.8K-319.0K27.1K-319.0K5.5K
Net VEX-275-608-148-602-174
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.003.003.000.20
Total Volume2302003260
Total OI917.9091441,4861,196186

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-12-01$9.26$6.2561.5%17.6%61.8%0.0%63.6%11.8%4.0%17.9K-319.0K-6020.0089.08N/AN/A0321,010186
2020-12-02$9.19$7.5063.7%18.3%51.2%0.0%62.4%12.9%0.1%16.6K-287.6K-6083.0091.85N/AN/A8241,010212
2020-12-03$8.71$0.0060.1%17.1%51.5%0.0%0.0%4.5%-4.2%11.9K-169.4K-4840.0092.93N/AN/A001,008236
2020-12-04$8.68$0.0060.4%17.3%51.4%0.0%0.0%13.8%-11.4%11.7K-159.4K-4510.0097.17N/AN/A001,008236
2020-12-07$8.65$0.0062.9%17.5%50.7%0.0%0.0%9.4%-6.9%11.3K-145.7K-3800.0091.50N/AN/A001,008236
2020-12-08$8.71$0.0064.9%17.4%50.2%0.0%0.0%11.9%-7.1%11.9K-155.6K-3850.0095.39N/AN/A001,008236
2020-12-09$8.37$0.0060.4%17.3%49.2%0.0%60.1%4.6%7.4%8.0K-92.7K-2850.0095.96N/AN/A02001,008236
2020-12-10$8.41$7.5059.9%17.2%46.3%0.0%0.0%-5.3%2.6%5.4K-75.8K-3350.00108.58N/AN/A401,008434
2020-12-11$8.32$7.5062.6%18.0%45.8%0.0%0.0%-9.4%3.7%3.2K-47.4K-2760.00101.59N/AN/A001,008434
2020-12-14$7.83$7.5062.9%18.0%45.6%0.0%61.0%6.3%4.0%-3.2K27.1K-2091.0099.40N/AN/A20201,008434
2020-12-15$8.10$7.5066.0%18.9%43.4%0.0%0.0%18.1%-5.5%-490-4.4K-1960.00100.49N/AN/A001,008454
2020-12-16$8.18$7.5057.3%16.4%43.2%0.0%50.4%13.8%5.5%972-13.6K-1750.14100.82N/AN/A1421,008454
2020-12-17$8.10$7.5061.4%17.6%43.2%0.0%0.0%2.7%34.0%296-8.5K-1620.14103.74N/AN/A1421,022456
2020-12-18$7.93$7.5056.7%16.2%43.6%0.0%56.7%-7.9%31.5%298-7.4K-1680.2296.42N/AN/A64141,028458
2020-12-21$7.68$7.5061.8%17.7%44.6%0.0%0.0%8.9%10.4%-80-13.7K-1670.00103.66N/AN/A1609058
2020-12-22$7.64$7.5060.1%17.2%44.6%0.0%0.0%-8.9%7.1%-152-11.3K-1530.00106.74N/AN/A008658
2020-12-23$7.89$7.5062.6%17.9%40.2%0.0%0.0%-1.0%8.1%-399-9.3K-1650.00106.79N/AN/A008678
2020-12-24$7.65$7.5059.3%17.0%40.8%0.0%0.0%4.1%3.5%-557-7.2K-1650.00103.79N/AN/A008678
2020-12-28$7.44$7.5063.1%18.1%39.7%0.0%58.5%-8.5%-0.8%-7031.2K-1480.20104.00N/AN/A1028678
2020-12-29$7.70$7.5061.0%17.5%42.8%0.0%0.0%-1.4%14.2%-8911.3K-1820.00111.36N/AN/A0086100
2020-12-30$7.70$7.5076.1%21.8%42.8%0.0%0.0%36.9%-10.8%-7471.8K-1830.00118.03N/AN/A0086100
2020-12-31$7.58$7.5065.7%18.8%42.9%0.0%0.0%2.1%-3.2%-8525.5K-1740.00115.47N/AN/A06086100