CVLG Options History — February 2023

In February 2023, CVLG traded between $16.48 and $17.84. ATM implied volatility averaged 48.8%, placing in the 17.6% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded below realized volatility by 41.2% (HV 20d: 90.0%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 1.10.

Notable Days

2023-02-01: Highest Volume — 130 contracts
2023-02-27: Largest IV spike — 31.1% change
2023-02-28: Highest IV Rank — 33.2%
2023-02-28: Largest Expected Move — 18.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.13	$16.48	$17.84	$17.69	$17.46
Max Pain	$15.00	$15.00	$15.00	$15.00	$15.00
ATM IV	48.8%	35.3%	62.8%	43.6%	62.8%
Expected Move	13.4%	10.1%	18.0%	12.5%	18.0%
HV 20d	90.0%	40.9%	99.9%	97.8%	40.9%
HV 60d	61.7%	60.3%	64.5%	64.1%	61.0%
IV Rank	17.6%	2.7%	33.2%	11.9%	33.2%
IV Percentile	34.6%	1.2%	73.0%	13.5%	73.0%
Term Structure	-4.6%	-28.4%	16.6%	-1.5%	-25.7%
VWIV	44.3%	32.2%	60.6%	42.5%	60.6%
Skew 25d	12.7%	-3.0%	57.0%	57.0%	0.2%
Skew 10d	18.8%	-5.6%	93.8%	93.8%	13.7%
Call IV 25d	44.3%	26.0%	59.7%	43.8%	59.7%
Put IV 25d	57.0%	39.0%	100.8%	100.8%	60.0%
Bid-Ask Spread %	103.84	94.79	112.45	112.45	98.47
Gamma HHI	0.25	0.23	0.33	0.23	0.24
Net GEX	21.8K	16.8K	29.6K	29.6K	22.0K
Net DEX	-709.9K	-952.8K	-592.3K	-952.8K	-697.3K
Net VEX	-2.6K	-3.1K	-2.2K	-3.1K	-2.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.10	0.00	14.00	0.16	1.00
Total Volume	25.158	0	130	130	2
Total OI	1,957.684	1,726	2,098	2,098	1,796

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2023-02-01	$17.69	$15.00	43.6%	12.5%	97.8%	11.9%	42.5%	57.0%	-1.5%	29.6K	-952.8K	-3.1K	0.16	112.45	N/A	N/A	112	18	1,558	540
2023-02-02	$17.84	$15.00	54.0%	11.9%	96.6%	23.5%	42.5%	-0.1%	4.6%	27.8K	-940.3K	-3.0K	0.00	94.79	N/A	N/A	26	0	1,514	538
2023-02-03	$17.23	$15.00	53.6%	11.6%	97.5%	23.0%	36.0%	17.9%	13.3%	23.5K	-776.2K	-2.9K	0.20	108.99	N/A	N/A	10	2	1,518	538
2023-02-06	$16.60	$15.00	56.9%	13.3%	98.4%	26.6%	0.0%	11.1%	-3.0%	16.8K	-632.2K	-2.9K	0.00	99.15	N/A	N/A	6	0	1,498	540
2023-02-07	$17.39	$15.00	57.3%	14.9%	99.8%	27.0%	0.0%	13.0%	-11.2%	24.7K	-829.5K	-3.0K	14.00	103.65	N/A	N/A	2	28	1,494	540
2023-02-08	$17.02	$15.00	54.1%	15.5%	98.2%	23.5%	0.0%	24.5%	-10.3%	22.8K	-710.6K	-2.8K	0.00	101.65	N/A	N/A	0	6	1,496	548
2023-02-09	$16.48	$15.00	37.9%	10.9%	98.7%	5.6%	32.2%	22.7%	-3.1%	21.2K	-666.6K	-2.6K	0.05	105.72	N/A	N/A	44	2	1,496	548
2023-02-10	$16.59	$15.00	36.7%	10.5%	98.6%	4.3%	49.1%	6.7%	16.6%	17.7K	-629.0K	-2.5K	1.00	107.69	N/A	N/A	12	12	1,498	550
2023-02-13	$16.64	$15.00	35.3%	10.1%	98.6%	2.7%	43.9%	21.2%	2.5%	19.7K	-625.5K	-2.6K	0.06	107.03	N/A	N/A	64	4	1,488	560
2023-02-14	$16.60	$15.00	37.9%	10.9%	98.6%	5.7%	0.0%	4.6%	-2.9%	17.9K	-592.3K	-2.3K	0.00	107.77	N/A	N/A	0	0	1,448	564
2023-02-15	$16.68	$15.00	40.2%	11.5%	98.6%	8.2%	41.4%	19.3%	1.8%	17.7K	-613.9K	-2.4K	0.00	103.15	N/A	N/A	10	0	1,448	562
2023-02-16	$16.76	$15.00	50.1%	14.4%	98.7%	19.1%	0.0%	13.6%	-11.6%	20.4K	-625.1K	-2.3K	0.00	105.64	N/A	N/A	4	0	1,440	562
2023-02-17	$17.50	$15.00	43.1%	12.4%	99.8%	11.4%	0.0%	-1.8%	0.8%	27.1K	-773.0K	-2.4K	0.00	104.19	N/A	N/A	4	0	1,440	562
2023-02-21	$17.10	$15.00	44.5%	12.8%	99.8%	12.9%	45.0%	-0.7%	-0.5%	17.1K	-603.9K	-2.2K	0.11	105.92	N/A	N/A	76	8	1,308	418
2023-02-22	$17.29	$15.00	50.5%	14.5%	99.9%	19.6%	0.0%	-3.0%	-4.0%	20.9K	-663.4K	-2.4K	0.00	100.78	N/A	N/A	0	0	1,372	426
2023-02-23	$17.57	$15.00	59.5%	17.1%	99.7%	29.5%	52.8%	15.2%	-28.4%	23.4K	-724.5K	-2.5K	0.00	98.90	N/A	N/A	16	0	1,372	426
2023-02-24	$17.52	$15.00	46.9%	13.4%	47.6%	15.6%	0.0%	5.9%	-1.8%	22.0K	-732.8K	-2.2K	0.00	106.79	N/A	N/A	2	0	1,368	426
2023-02-27	$17.49	$15.00	61.5%	17.6%	41.3%	31.7%	41.3%	13.3%	-22.1%	22.5K	-699.2K	-2.4K	1.00	100.21	N/A	N/A	4	4	1,370	426
2023-02-28	$17.46	$15.00	62.8%	18.0%	40.9%	33.2%	60.6%	0.2%	-25.7%	22.0K	-697.3K	-2.3K	0.00	98.47	N/A	N/A	0	2	1,370	426