CVLG Options History — March 2022

In March 2022, CVLG traded between $10.69 and $12.08. ATM implied volatility averaged 57.7%, placing in the 50.5% IV rank vs the trailing year. The 30-day expected move averaged 17.6%. IV traded above realized volatility by 20.0% (HV 20d: 37.8%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 21 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 1.18.

Notable Days

  • 2022-03-18: Highest Volume — 1,694 contracts
  • 2022-03-04: Largest IV spike — 69.5% change
  • 2022-03-04: Highest IV Rank — 99.0%
  • 2022-03-04: Largest Expected Move — 26.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.37$10.69$12.08$11.01$10.77
Max Pain$10.74$10.00$12.50$10.00$10.00
ATM IV57.7%40.1%92.5%57.4%50.4%
Expected Move17.6%12.1%26.5%16.4%16.0%
HV 20d37.8%33.4%42.2%33.6%41.5%
HV 60d39.5%37.8%41.1%37.8%39.4%
IV Rank50.5%25.9%99.0%50.0%40.4%
IV Percentile62.5%15.1%99.6%72.2%51.2%
Term Structure2.5%-23.8%29.6%-8.6%5.1%
VWIV66.3%42.5%107.6%79.2%56.5%
Skew 25d8.3%-25.8%26.2%-9.3%-2.7%
Skew 10d16.5%-37.7%36.4%12.6%-10.6%
Call IV 25d60.8%35.5%80.7%67.7%54.7%
Put IV 25d69.2%48.3%85.2%58.5%51.9%
Bid-Ask Spread %102.1286.74118.27109.8990.62
Gamma HHI0.310.260.350.290.28
Net GEX4.3K-719.6K6.4K-71
Net DEX-149.1K-419.5K116.0K-180.3K116.0K
Net VEX-3.1K-3.4K-2.5K-3.3K-2.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.622.541.160.74
Total Volume887.2174461,6941,110528
Total OI2,465.7391,6923,3802,8461,830

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$11.01$10.0057.4%16.4%33.6%50.0%79.2%-9.3%-8.6%6.4K-180.3K-3.3K1.16109.89N/AN/A5145961,7261,120
2022-03-02$11.33$10.0047.0%13.5%35.0%35.5%54.7%20.5%2.1%7.3K-279.0K-3.4K1.1798.41N/AN/A5085921,7281,120
2022-03-03$11.14$10.0054.6%15.6%35.6%46.1%68.2%23.4%-9.6%6.4K-229.0K-3.1K1.17106.43N/AN/A5085921,7121,126
2022-03-04$11.04$10.0092.5%26.5%35.1%99.0%95.9%10.1%4.0%4.8K-149.9K-3.4K1.21108.56N/AN/A5086141,7081,124
2022-03-07$10.94$10.0091.1%26.1%33.4%97.0%62.2%26.2%-10.9%4.0K-114.0K-3.3K1.19108.68N/AN/A5086041,7081,124
2022-03-08$10.69$10.0069.0%23.3%34.6%66.2%88.2%0.4%7.6%2.1K-42.9K-3.1K1.32105.46N/AN/A4566041,7081,134
2022-03-09$11.22$10.0050.0%17.3%38.5%39.7%64.7%12.8%14.6%8.4K-192.8K-3.1K1.56101.12N/AN/A3866041,7581,134
2022-03-10$11.19$10.0063.6%20.5%37.5%58.7%80.4%7.5%-1.0%7.8K-208.0K-3.3K1.52104.25N/AN/A3986041,7581,134
2022-03-11$11.00$10.0063.2%19.6%37.9%58.1%107.6%20.2%-21.6%7.9K-173.2K-3.1K1.52108.84N/AN/A3986041,7661,134
2022-03-14$10.96$12.5066.6%15.7%37.2%62.9%59.1%-0.4%-16.4%9.6K-121.1K-2.9K1.5286.74N/AN/A3986041,7661,134
2022-03-15$11.35$12.5070.2%16.0%38.6%67.9%54.8%-25.8%4.8%7.1K-243.2K-3.4K1.6392.43N/AN/A4006521,7661,134
2022-03-16$11.95$12.5060.3%12.1%42.2%54.0%52.3%8.8%-23.8%4.3K-354.3K-3.0K1.4998.70N/AN/A4386521,7321,180
2022-03-17$11.91$0.0050.2%16.6%41.0%40.0%0.0%21.7%5.5%3.5K-344.5K-3.0K2.54111.80N/AN/A4401,1181,7361,178
2022-03-18$12.08$0.0048.3%14.2%41.0%37.4%0.0%18.9%2.3%3.8K-419.5K-3.4K1.76115.27N/AN/A6141,0801,7361,644
2022-03-21$12.07$0.0051.3%19.5%41.0%41.6%0.0%10.4%16.6%3.9K-148.0K-3.2K0.76105.08N/AN/A2541921,066626
2022-03-22$12.05$0.0053.6%15.8%36.7%44.8%0.0%5.6%3.1%3.1K-89.5K-3.0K0.76106.05N/AN/A2541921,068648
2022-03-23$11.74$0.0057.1%19.0%37.6%49.7%0.0%7.8%22.2%3.4K-79.4K-3.2K0.76108.71N/AN/A2882181,068648
2022-03-24$11.54$0.0047.2%16.6%38.1%35.9%54.4%5.6%11.6%1.6K-73.1K-3.1K0.68118.27N/AN/A2921981,104688
2022-03-25$11.30$11.2542.6%17.1%37.1%29.5%63.6%19.2%20.1%-438.3K-2.8K0.6289.89N/AN/A2921801,102708
2022-03-28$11.43$11.2554.4%15.1%37.2%45.8%42.5%9.6%-15.7%1.4K-34.1K-3.1K0.6292.61N/AN/A2921801,102710
2022-03-29$11.68$11.2547.3%16.4%37.1%35.9%51.9%12.8%16.8%1.0K-106.8K-3.1K0.7490.98N/AN/A3022241,102710
2022-03-30$11.06$11.2540.1%15.9%40.9%25.9%57.7%-11.8%29.6%37730.0K-2.8K0.7490.04N/AN/A3022241,114690
2022-03-31$10.77$10.0050.4%16.0%41.5%40.4%56.5%-2.7%5.1%-71116.0K-2.5K0.7490.62N/AN/A3042241,132698