CVLG Options History — April 2021

In April 2021, CVLG traded between $9.57 and $10.97. ATM implied volatility averaged 56.3%, placing in the 20.8% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded above realized volatility by 23.4% (HV 20d: 32.9%). Max pain ranged from $8.75 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.15.

Notable Days

  • 2021-04-13: Highest Volume — 966 contracts
  • 2021-04-12: Largest IV spike — 53.4% change
  • 2021-04-12: Highest IV Rank — 47.6%
  • 2021-04-15: Largest Expected Move — 20.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.30$9.57$10.97$10.53$10.78
Max Pain$9.58$8.75$10.00$8.75$10.00
ATM IV56.3%32.0%79.1%50.8%41.1%
Expected Move14.7%9.2%20.6%14.6%11.8%
HV 20d32.9%26.3%48.7%27.8%48.6%
HV 60d38.9%33.2%41.3%40.6%38.4%
IV Rank20.8%0.0%47.6%13.3%10.1%
IV Percentile28.6%0.0%93.6%4.2%1.6%
Term Structure0.1%-28.5%25.1%22.2%8.0%
VWIV50.2%31.6%68.0%43.1%31.6%
Skew 25d6.0%-7.8%32.3%-6.9%4.8%
Skew 10d9.2%-10.6%44.7%5.9%17.6%
Call IV 25d50.1%36.3%66.4%62.1%43.6%
Put IV 25d56.1%28.5%79.3%55.1%48.4%
Bid-Ask Spread %105.2069.27125.65108.70107.47
Gamma HHI0.500.270.690.630.61
Net GEX14.6K5.0K32.9K17.6K26.7K
Net DEX-154.7K-438.0K66.5K-242.4K-363.2K
Net VEX-1.7K-2.3K-826-862-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.150.000.760.000.00
Total Volume88.85709662222
Total OI1,475.0488421,7848421,776

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$10.53$8.7550.8%14.6%27.8%13.3%0.0%-6.9%22.2%17.6K-242.4K-8620.00108.70N/AN/A22076280
2021-04-05$10.63$10.0059.7%16.6%27.8%24.0%43.1%-7.4%3.6%17.8K-283.4K-8490.00100.69N/AN/A40076480
2021-04-06$10.61$10.0064.8%14.3%27.6%30.3%0.0%12.2%-1.9%23.7K-283.1K-8260.0090.40N/AN/A32076280
2021-04-07$10.17$10.0045.1%14.7%31.7%6.4%0.0%7.2%-12.2%14.5K-139.9K-2.0K0.0097.37N/AN/A601,202426
2021-04-08$10.32$10.0065.7%10.2%31.9%31.3%0.0%3.7%10.7%18.6K-164.3K-2.0K0.00114.53N/AN/A001,204426
2021-04-09$10.21$10.0051.6%11.4%31.0%14.2%58.0%-1.7%25.1%16.2K-144.2K-2.0K0.28111.05N/AN/A36101,204426
2021-04-12$10.13$10.0079.1%14.1%30.6%47.6%0.0%4.1%-6.7%13.9K-98.6K-1.9K0.00119.80N/AN/A401,238436
2021-04-13$10.14$10.0073.3%15.3%29.1%40.5%52.7%-1.9%-5.3%13.1K-82.7K-1.8K0.76115.81N/AN/A5504161,232436
2021-04-14$10.13$10.0063.7%18.3%28.7%28.9%0.0%9.6%-13.6%13.1K-118.7K-1.9K0.00109.47N/AN/A001,234436
2021-04-15$10.16$10.0072.0%20.6%28.4%38.9%68.0%32.3%-28.5%9.4K-70.1K-1.8K0.0094.94N/AN/A0201,234436
2021-04-16$10.43$8.7545.4%13.0%29.8%6.7%0.0%5.8%13.6%6.4K-113.5K-1.9K0.0099.67N/AN/A3801,234456
2021-04-19$10.31$8.7551.3%14.7%29.7%13.8%0.0%30.4%0.2%5.9K-66.3K-1.8K0.00123.48N/AN/A60828438
2021-04-20$10.31$8.7548.7%14.0%26.3%10.7%0.0%6.8%2.5%6.1K-92.0K-1.8K0.00107.72N/AN/A00834438
2021-04-21$9.89$8.7565.4%18.8%29.0%31.0%44.1%14.4%-18.2%5.6K16.5K-1.6K0.00106.17N/AN/A100834438
2021-04-22$9.97$8.7555.7%16.0%29.1%19.2%0.0%-2.9%-3.9%5.9K-30.4K-1.7K0.0097.18N/AN/A06844438
2021-04-23$9.79$8.7559.8%17.1%29.6%24.1%56.7%10.8%-11.5%5.0K66.5K-1.4K0.0575.79N/AN/A40420844444
2021-04-26$9.57$10.0060.6%17.4%30.2%25.2%59.6%-2.9%-6.7%10.7K7.0K-1.6K0.1569.27N/AN/A82121,236464
2021-04-27$10.62$10.0050.2%14.4%47.8%12.5%44.8%6.9%-1.3%20.7K-281.9K-2.2K0.23110.14N/AN/A78181,290476
2021-04-28$10.63$10.0046.1%13.2%47.7%7.6%43.3%8.6%5.2%22.9K-325.0K-2.2K0.25123.96N/AN/A1641,310472
2021-04-29$10.97$10.0032.0%9.2%48.7%0.0%31.6%-7.8%20.0%32.9K-438.0K-2.3K0.75125.65N/AN/A861,310474
2021-04-30$10.78$10.0041.1%11.8%48.6%10.1%0.0%4.8%8.0%26.7K-363.2K-2.2K0.00107.47N/AN/A2201,300476