CVLG Options History — May 2021

In May 2021, CVLG traded between $11.03 and $11.85. ATM implied volatility averaged 47.0%, placing in the 16.5% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded below realized volatility by 5.9% (HV 20d: 52.9%). Max pain ranged from $10.00 to $11.25. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.69.

Notable Days

  • 2021-05-06: Highest Volume — 84 contracts
  • 2021-05-07: Largest IV spike — 35.3% change
  • 2021-05-05: Highest IV Rank — 31.2%
  • 2021-05-05: Largest Expected Move — 17.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.42$11.03$11.85$11.36$11.24
Max Pain$11.06$10.00$11.25$10.00$11.25
ATM IV47.0%38.6%60.2%47.2%38.6%
Expected Move13.0%11.1%17.3%13.5%11.1%
HV 20d52.9%44.1%59.0%51.9%44.1%
HV 60d40.7%38.8%41.8%39.6%40.5%
IV Rank16.5%7.3%31.2%16.8%7.3%
IV Percentile7.0%0.5%32.4%4.3%0.5%
Term Structure4.4%-3.8%20.5%4.4%14.3%
VWIV41.8%26.8%66.3%38.9%38.6%
Skew 25d7.2%-9.3%16.7%-9.3%8.9%
Skew 10d5.2%-17.6%20.5%-17.6%9.8%
Call IV 25d41.2%29.7%57.8%57.8%29.7%
Put IV 25d48.4%38.6%68.4%48.6%38.6%
Bid-Ask Spread %99.4588.10117.89117.89102.98
Gamma HHI0.520.360.680.590.36
Net GEX31.3K12.8K60.1K29.0K14.6K
Net DEX-634.4K-1.0M-208.2K-621.4K-253.1K
Net VEX-1.8K-2.3K-1.2K-2.2K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.0011.000.000.06
Total Volume33.84844238
Total OI1,765.81,3701,9601,7841,386

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$11.36$10.0047.2%13.5%51.9%16.8%38.9%-9.3%4.4%29.0K-621.4K-2.2K0.00117.89N/AN/A4201,308476
2021-05-04$11.25$10.0051.6%14.8%52.1%21.6%41.8%16.0%4.8%28.1K-585.8K-2.3K0.00117.75N/AN/A3601,330476
2021-05-05$11.43$10.0060.2%17.3%49.4%31.2%66.3%9.9%-1.6%26.6K-670.9K-2.2K0.00111.49N/AN/A2401,326476
2021-05-06$11.11$11.2543.4%12.4%50.7%12.6%40.8%6.5%8.0%33.4K-502.1K-2.1K0.0597.66N/AN/A8041,324476
2021-05-07$11.67$11.2558.7%12.4%52.9%29.5%38.3%10.7%5.3%35.8K-753.9K-2.1K0.0398.12N/AN/A5821,376476
2021-05-10$11.63$11.2548.1%12.8%52.8%17.8%41.1%4.9%0.1%37.5K-819.9K-2.1K0.0395.42N/AN/A7421,418478
2021-05-11$11.29$11.2557.2%13.2%54.3%27.8%41.7%7.6%1.1%35.3K-645.5K-2.1K0.0795.39N/AN/A3021,446480
2021-05-12$11.03$11.2548.5%13.9%55.2%18.3%45.9%3.6%1.2%32.5K-512.0K-2.1K0.0093.13N/AN/A4601,460480
2021-05-13$11.74$11.2547.1%13.5%59.0%16.7%42.9%4.7%5.3%38.9K-910.6K-2.1K0.0096.12N/AN/A4201,480480
2021-05-14$11.85$11.2546.8%13.4%58.6%16.4%26.8%2.5%0.3%53.8K-1.0M-1.9K0.0097.07N/AN/A401,448480
2021-05-17$11.72$11.2544.8%12.8%58.6%14.1%40.6%5.9%5.1%38.6K-891.5K-1.8K0.5094.21N/AN/A1261,450480
2021-05-18$11.73$11.2542.9%12.3%58.6%12.1%48.7%7.7%3.8%45.2K-928.1K-1.8K1.1094.56N/AN/A20221,448482
2021-05-19$11.49$11.2544.7%12.8%56.8%14.1%43.8%7.3%5.0%60.1K-792.4K-1.7K0.0096.40N/AN/A3201,452496
2021-05-20$11.34$11.2541.5%11.9%57.3%10.5%43.4%5.6%-2.9%45.1K-682.6K-1.6K0.00101.54N/AN/A2801,458496
2021-05-21$11.47$11.2542.7%12.2%56.5%11.9%38.3%5.3%-0.2%15.2K-930.5K-1.5K0.0088.10N/AN/A1401,456496
2021-05-24$11.41$11.2544.6%12.8%55.6%13.9%44.8%8.2%4.4%14.8K-355.5K-1.4K11.0094.44N/AN/A222918452
2021-05-25$11.10$11.2546.7%13.4%44.2%16.3%35.1%10.4%-3.8%12.8K-240.3K-1.4K0.00101.54N/AN/A40918464
2021-05-26$11.04$11.2541.9%12.0%44.2%10.9%36.1%16.7%12.1%12.9K-208.2K-1.3K0.0099.45N/AN/A220920464
2021-05-27$11.40$11.2541.8%12.0%44.3%10.9%41.5%9.7%20.5%15.3K-358.5K-1.3K1.0095.84N/AN/A44922464
2021-05-28$11.24$11.2538.6%11.1%44.1%7.3%38.6%8.9%14.3%14.6K-253.1K-1.2K0.06102.98N/AN/A362922464