CVLG Options History — March 2021

In March 2021, CVLG traded between $9.53 and $10.56. ATM implied volatility averaged 57.3%, placing in the 21.1% IV rank vs the trailing year. The 30-day expected move averaged 16.7%. IV traded above realized volatility by 23.6% (HV 20d: 33.7%). Max pain ranged from $7.50 to $8.75. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.09.

Notable Days

  • 2021-03-17: Highest Volume — 418 contracts
  • 2021-03-31: Largest IV spike — 45.4% change
  • 2021-03-23: Highest IV Rank — 40.6%
  • 2021-03-23: Largest Expected Move — 21.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.99$9.53$10.56$9.60$10.28
Max Pain$8.59$7.50$8.75$7.50$8.75
ATM IV57.3%40.3%73.4%58.8%58.7%
Expected Move16.7%11.6%21.0%16.8%16.8%
HV 20d33.7%29.6%36.8%35.4%29.6%
HV 60d44.4%40.9%46.9%46.9%40.9%
IV Rank21.1%0.6%40.6%22.9%22.8%
IV Percentile19.8%0.6%81.6%10.6%16.5%
Term Structure2.7%-12.5%26.6%-12.5%-1.8%
VWIV65.3%50.9%115.7%66.6%62.0%
Skew 25d7.6%-25.7%23.5%23.5%-8.2%
Skew 10d6.0%-41.3%31.5%15.1%-21.3%
Call IV 25d52.9%41.4%67.8%47.6%67.0%
Put IV 25d60.6%42.1%78.0%71.2%58.7%
Bid-Ask Spread %104.7690.09116.63109.30109.67
Gamma HHI0.650.300.940.900.58
Net GEX11.6K3.1K24.1K12.1K13.8K
Net DEX-321.7K-550.3K-97.5K-312.9K-217.2K
Net VEX-585-857-422-597-857
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.090.001.330.000.00
Total Volume54.174041840
Total OI688.7833901,006756842

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$9.60$7.5058.8%16.8%35.4%22.9%66.6%23.5%-12.5%12.1K-312.9K-5970.00109.30N/AN/A40638118
2021-03-02$9.66$7.5057.1%16.4%33.5%20.9%115.7%-6.3%-6.6%13.3K-339.7K-5930.29108.85N/AN/A144638118
2021-03-03$9.99$7.5056.0%16.1%33.8%19.6%56.1%8.0%-1.0%14.5K-390.8K-5600.00105.20N/AN/A260640116
2021-03-04$9.68$8.7559.9%17.5%36.8%24.3%58.9%7.5%-3.3%13.5K-335.2K-5770.0090.09N/AN/A180646116
2021-03-05$9.79$8.7559.7%18.5%36.7%24.0%0.0%-3.4%-12.1%14.7K-365.4K-5700.00106.31N/AN/A20652116
2021-03-08$9.92$8.7563.3%18.3%36.1%28.4%0.0%12.8%-10.6%15.6K-393.4K-5260.0099.50N/AN/A60652116
2021-03-09$10.05$8.7549.0%17.8%35.6%11.0%0.0%17.7%-5.3%18.5K-419.8K-4990.0097.74N/AN/A00658116
2021-03-10$10.18$8.7551.7%14.8%32.4%14.4%0.0%21.7%6.2%18.2K-446.9K-4850.00107.15N/AN/A00658116
2021-03-11$10.41$8.7557.2%16.4%32.9%21.0%0.0%20.0%-0.4%19.8K-514.5K-4220.00109.75N/AN/A280658116
2021-03-12$10.56$8.7554.9%15.7%32.9%18.2%52.2%8.6%11.4%14.7K-531.2K-4910.00115.03N/AN/A240676116
2021-03-15$10.28$8.7567.3%19.3%35.0%33.3%0.0%4.5%-1.2%16.7K-486.2K-4790.00115.63N/AN/A1760694116
2021-03-16$10.14$8.7554.8%15.7%35.3%18.2%0.0%10.9%7.5%14.5K-482.7K-7720.00116.63N/AN/A240870116
2021-03-17$10.27$8.7561.0%17.5%32.2%25.6%0.0%21.6%6.8%24.1K-550.3K-7760.00104.13N/AN/A4162890116
2021-03-18$10.27$8.7553.5%15.3%31.9%16.6%50.9%7.1%8.9%12.0K-398.9K-7250.0099.13N/AN/A120646118
2021-03-19$10.14$8.7549.1%14.1%32.2%11.2%0.0%13.4%21.1%6.9K-442.3K-6340.00109.00N/AN/A40646118
2021-03-22$9.78$8.7563.0%18.1%33.7%28.1%57.3%1.5%1.3%3.4K-107.8K-5420.0096.50N/AN/A4033852
2021-03-23$9.53$8.7573.4%21.0%34.1%40.6%68.0%12.1%-9.6%3.1K-97.5K-5191.33100.57N/AN/A6834252
2021-03-24$9.57$8.7551.6%14.8%33.6%14.2%0.0%0.8%23.6%3.1K-99.5K-5350.0093.02N/AN/A46033660
2021-03-25$9.71$8.7560.5%17.3%33.9%25.0%0.0%16.4%10.7%3.5K-112.3K-5660.00107.72N/AN/A0038260
2021-03-26$9.86$8.7555.0%15.8%33.9%18.4%0.0%9.7%2.7%3.7K-113.9K-5520.0096.02N/AN/A02038260
2021-03-29$10.03$8.7561.9%17.7%31.4%26.7%0.0%-25.7%-1.2%3.6K-119.9K-6120.00101.94N/AN/A2038280
2021-03-30$10.15$8.7540.3%11.6%31.6%0.6%62.0%1.3%26.6%4.0K-120.2K-5710.00110.71N/AN/A400038480
2021-03-31$10.28$8.7558.7%16.8%29.6%22.8%0.0%-8.2%-1.8%13.8K-217.2K-8570.00109.67N/AN/A0076280