CVLG Options History — January 2021

In January 2021, CVLG traded between $7.23 and $8.20. ATM implied volatility averaged 68.1%. The 30-day expected move averaged 18.9%. IV traded above realized volatility by 21.3% (HV 20d: 46.7%). Max pain ranged from $6.25 to $7.50. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 5.79.

Notable Days

  • 2021-01-26: Highest Volume — 2,840 contracts
  • 2021-01-08: Largest IV spike — 49.7% change
  • 2021-01-25: Largest Expected Move — 21.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.79$7.23$8.20$7.23$7.48
Max Pain$7.30$6.25$7.50$7.50$7.50
ATM IV68.1%59.5%89.9%60.6%74.9%
Expected Move18.9%16.5%21.6%18.1%21.5%
HV 20d46.7%42.1%55.6%42.1%55.6%
HV 60d62.4%53.8%66.9%66.5%54.8%
Term Structure-5.3%-11.8%4.1%-9.9%-11.8%
VWIV70.7%63.8%79.3%67.7%72.4%
Skew 25d10.5%-2.0%23.4%13.9%2.2%
Skew 10d16.1%-12.2%44.3%7.1%31.1%
Call IV 25d59.4%45.5%80.0%51.2%71.3%
Put IV 25d69.9%62.4%78.1%65.1%73.5%
Bid-Ask Spread %90.7935.81112.84106.9492.88
Gamma HHI0.400.290.510.430.37
Net GEX278-4.7K18.7K-1.8K-3.5K
Net DEX-69.6K-409.1K31.5K19.3K-59.5K
Net VEX-752-2.6K-177-189-2.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.790.0070.500.002.75
Total Volume333.78902,840630
Total OI1,397.1582465,1822465,032

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-04$7.23$7.5060.6%18.1%42.1%0.0%67.7%13.9%-9.9%-1.8K19.3K-1890.00106.94N/AN/A6086160
2021-01-05$7.50$7.5073.3%18.8%45.2%0.0%0.0%2.1%-8.7%-1.6K12.8K-1930.0097.86N/AN/A0088160
2021-01-06$7.77$7.5065.5%18.2%47.6%0.0%65.3%16.3%-4.6%-1.6K4.7K-1951.0097.38N/AN/A2288160
2021-01-07$7.79$7.5060.0%16.5%47.4%0.0%65.6%14.9%-8.3%-2.0K7.6K-17770.50112.84N/AN/A428288162
2021-01-08$7.89$7.5089.9%18.2%45.9%0.0%78.7%23.4%-8.8%-3.2K31.5K-3690.00104.17N/AN/A08090442
2021-01-11$7.81$7.5071.2%19.5%45.9%0.0%0.0%17.7%-8.4%-3.7K29.3K-3420.0092.11N/AN/A12090400
2021-01-12$8.05$7.5060.6%17.6%47.4%0.0%67.3%22.9%0.5%-2.6K3.5K-3143.0093.02N/AN/A26100400
2021-01-13$7.75$7.5060.9%17.5%44.0%0.0%0.0%12.8%0.9%-4.7K20.9K-3210.0092.69N/AN/A00102400
2021-01-14$8.04$7.5059.5%17.0%44.1%0.0%70.7%8.4%-5.8%-2.8K5.1K-3120.0093.82N/AN/A02102400
2021-01-15$7.91$7.5061.9%17.7%44.3%0.0%0.0%11.3%-6.7%-1.4K3.2K-2993.0095.80N/AN/A26102400
2021-01-19$7.86$7.5067.4%19.3%44.3%0.0%63.8%8.5%-3.5%-1.6K7.0K-3160.00100.07N/AN/A140102330
2021-01-20$7.89$7.5066.1%18.9%43.7%0.0%73.5%12.8%-3.6%-1.3K-219-3131.5086.48N/AN/A1624116330
2021-01-21$8.20$7.5062.2%17.8%44.0%0.0%74.2%9.8%4.1%-834-13.5K-3140.1785.64N/AN/A37062132352
2021-01-22$7.99$7.5068.3%19.6%45.1%0.0%66.3%11.3%-6.4%3.6K-167.6K-6780.0084.88N/AN/A9880550400
2021-01-25$7.89$6.2575.5%21.6%43.9%0.0%79.3%-2.0%-6.1%12.4K-409.1K-1.2K0.0935.81N/AN/A1,2981141,416400
2021-01-26$7.40$6.2568.6%19.7%48.3%0.0%69.1%-0.3%-3.7%18.7K-369.9K-1.5K4.5080.56N/AN/A5162,3242,680468
2021-01-27$7.94$6.2573.3%21.0%53.6%0.0%73.0%0.3%-0.5%7.2K-386.1K-2.6K0.0085.61N/AN/A16602,4302,752
2021-01-28$7.55$7.5073.7%21.1%55.5%0.0%73.4%13.5%-9.5%-3.8K-61.1K-2.4K0.4086.38N/AN/A1042,2842,752
2021-01-29$7.48$7.5074.9%21.5%55.6%0.0%72.4%2.2%-11.8%-3.5K-59.5K-2.3K2.7592.88N/AN/A8222,2802,752