CVLG Options History — January 2023

In January 2023, CVLG traded between $15.05 and $19.11. ATM implied volatility averaged 52.4%, placing in the 21.6% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 8.4% (HV 20d: 44.0%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 1.61.

Notable Days

  • 2023-01-26: Highest Volume — 670 contracts
  • 2023-01-09: Largest IV spike — 31.4% change
  • 2023-01-20: Highest IV Rank — 36.3%
  • 2023-01-20: Largest Expected Move — 18.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.51$15.05$19.11$17.49$16.68
Max Pain$15.38$15.00$17.50$17.50$15.00
ATM IV52.4%40.1%65.6%49.0%47.4%
Expected Move15.3%11.5%18.8%14.0%13.6%
HV 20d44.0%26.1%95.9%26.1%95.5%
HV 60d49.8%39.7%63.2%48.8%62.9%
IV Rank21.6%8.0%36.3%17.9%16.1%
IV Percentile41.4%6.3%75.8%33.3%28.2%
Term Structure-10.2%-27.1%5.0%3.7%-11.7%
VWIV50.8%42.1%63.5%53.7%57.9%
Skew 25d9.6%-11.7%23.4%2.2%14.8%
Skew 10d15.4%-13.4%49.2%-0.5%18.8%
Call IV 25d44.9%30.1%53.5%42.7%42.9%
Put IV 25d54.5%34.1%72.5%44.9%57.7%
Bid-Ask Spread %103.4784.21115.84105.8091.66
Gamma HHI0.230.180.300.230.27
Net GEX20.8K9.4K29.7K11.9K23.2K
Net DEX-740.0K-1.1M-240.2K-520.7K-727.8K
Net VEX-2.9K-3.6K-2.2K-2.8K-2.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.610.0010.000.051.62
Total Volume91.406704668
Total OI1,816.91,6722,1341,6722,070

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$17.49$17.5049.0%14.0%26.1%17.9%0.0%2.2%3.7%11.9K-520.7K-2.8K0.05105.80N/AN/A4421,206466
2023-01-04$16.82$17.5050.8%14.6%28.9%19.9%0.0%-8.2%5.0%16.1K-617.5K-3.2K0.44105.57N/AN/A32141,250468
2023-01-05$16.73$15.0044.1%14.9%27.2%12.5%53.7%10.3%-9.0%15.8K-560.7K-3.4K0.00104.45N/AN/A0281,264480
2023-01-06$16.95$15.0041.3%13.7%27.9%9.4%0.0%18.4%-5.4%14.3K-537.6K-2.7K10.00104.93N/AN/A2201,264496
2023-01-09$16.93$15.0054.3%16.6%27.5%23.7%0.0%23.4%-24.2%18.2K-656.6K-2.6K6.00100.66N/AN/A2121,266488
2023-01-10$17.84$15.0063.6%18.1%34.1%34.0%45.0%20.0%-21.6%21.5K-758.7K-3.0K2.22104.00N/AN/A18401,266480
2023-01-11$17.95$15.0059.3%17.0%33.7%29.3%0.0%12.3%-9.7%21.6K-789.9K-2.8K0.00103.37N/AN/A001,270488
2023-01-12$18.16$15.0043.2%12.4%34.0%11.5%0.0%-11.7%-15.1%22.5K-804.0K-2.6K0.00115.73N/AN/A201,270488
2023-01-13$18.20$15.0049.7%14.2%34.0%18.7%0.0%1.4%-25.0%22.4K-803.7K-2.6K0.00113.52N/AN/A041,272488
2023-01-17$18.20$15.0054.5%15.6%33.8%24.0%48.7%11.0%1.0%22.8K-880.2K-3.1K0.00115.08N/AN/A201,272488
2023-01-18$17.98$15.0055.6%15.9%34.0%25.2%0.0%4.7%-16.5%20.6K-843.5K-3.2K0.00115.84N/AN/A001,274488
2023-01-19$17.93$15.0065.4%18.7%33.7%36.0%0.0%23.3%-15.7%20.7K-786.1K-2.6K0.02107.19N/AN/A9221,274488
2023-01-20$18.23$15.0065.6%18.8%32.2%36.3%0.0%19.1%-21.9%24.4K-892.1K-3.2K0.00101.80N/AN/A001,354490
2023-01-23$18.53$15.0053.7%15.4%31.8%23.1%63.5%12.1%-0.3%27.3K-985.7K-3.0K0.1398.66N/AN/A220281,300448
2023-01-24$18.70$15.0064.3%18.4%30.6%34.8%55.7%22.1%-27.1%27.6K-997.2K-3.5K0.6098.32N/AN/A1061,340464
2023-01-25$19.11$15.0056.0%16.0%31.3%25.6%57.3%2.2%-4.8%29.7K-1.1M-3.6K2.3384.21N/AN/A12281,346470
2023-01-26$15.05$17.5041.2%11.8%91.5%9.3%42.2%-8.3%-3.2%9.4K-240.2K-2.2K0.6387.27N/AN/A4102601,364486
2023-01-27$16.16$15.0048.7%13.9%95.7%17.5%42.2%7.2%-3.7%21.0K-622.0K-2.9K0.05100.57N/AN/A306161,616502
2023-01-30$16.51$15.0040.1%11.5%95.9%8.0%42.1%15.5%1.3%24.3K-683.3K-3.0K0.06110.68N/AN/A14081,634500
2023-01-31$16.68$15.0047.4%13.6%95.5%16.1%57.9%14.8%-11.7%23.2K-727.8K-2.9K1.6291.66N/AN/A26421,570500