CVLG Options History — March 2023

In March 2023, CVLG traded between $16.30 and $18.38. ATM implied volatility averaged 51.2%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 15.6% (HV 20d: 35.6%). Max pain ranged from $15.00 to $17.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 1.02.

Notable Days

  • 2023-03-20: Highest Volume — 72 contracts
  • 2023-03-28: Largest IV spike — 41.4% change
  • 2023-03-10: Highest IV Rank — 49.5%
  • 2023-03-03: Largest Expected Move — 17.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.29$16.30$18.38$17.54$17.66
Max Pain$16.85$15.00$17.50$15.00$17.50
ATM IV51.2%32.6%77.7%57.8%52.6%
Expected Move12.8%9.3%17.1%16.6%15.1%
HV 20d35.6%29.6%40.8%40.8%38.2%
HV 60d62.3%60.9%63.3%61.0%62.4%
IV Rank20.3%0.0%49.5%27.6%22.0%
IV Percentile40.4%0.0%91.7%63.5%49.6%
Term Structure4.3%-24.6%19.3%-24.6%1.7%
VWIV47.4%28.0%72.8%58.8%28.0%
Skew 25d16.5%1.9%39.8%23.4%28.1%
Skew 10d18.8%-8.2%46.6%41.5%13.3%
Call IV 25d39.1%24.5%62.0%54.0%29.0%
Put IV 25d55.5%37.3%81.9%77.4%57.1%
Bid-Ask Spread %111.90100.96129.79100.96119.79
Gamma HHI0.290.240.560.240.32
Net GEX15.5K6.7K24.5K21.4K11.0K
Net DEX-489.6K-827.8K-184.7K-689.6K-299.3K
Net VEX-1.9K-2.4K-1.6K-2.2K-1.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.0010.000.250.00
Total Volume11.391072202
Total OI1,270.4355601,7961,796612

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$17.54$15.0057.8%16.6%40.8%27.6%58.8%23.4%-24.6%21.4K-689.6K-2.2K0.25100.96N/AN/A1641,370426
2023-03-02$17.82$15.0057.3%16.4%35.4%27.0%0.0%24.9%-7.7%22.8K-738.2K-2.4K0.00103.95N/AN/A201,350422
2023-03-03$17.66$15.0059.6%17.1%35.5%29.6%72.2%3.6%-9.4%22.5K-692.0K-2.2K0.00108.52N/AN/A021,348422
2023-03-06$17.15$17.5050.0%11.9%34.9%19.0%0.0%20.5%6.4%19.2K-637.7K-2.0K1.67111.93N/AN/A6101,348424
2023-03-07$17.68$17.5054.5%11.1%33.5%24.0%38.7%4.4%5.3%21.0K-665.3K-2.0K2.00110.20N/AN/A241,350434
2023-03-08$17.89$17.5051.1%9.6%29.6%20.2%28.9%2.2%19.3%21.7K-733.7K-2.1K0.00115.56N/AN/A1201,352434
2023-03-09$18.38$17.5066.2%11.8%29.6%36.8%37.4%10.5%5.8%24.5K-827.8K-2.2K0.20111.11N/AN/A1021,350434
2023-03-10$17.64$17.5077.7%13.3%31.0%49.5%0.0%19.3%-1.2%22.4K-739.5K-2.2K0.00109.83N/AN/A2001,354434
2023-03-13$17.20$17.5073.6%11.0%32.6%45.1%0.0%2.3%10.1%19.8K-624.4K-2.1K0.00111.93N/AN/A801,334434
2023-03-14$17.04$17.5064.1%13.1%32.8%34.6%35.7%1.9%-0.3%19.6K-571.6K-1.9K0.50112.69N/AN/A841,334434
2023-03-15$17.23$15.0044.6%12.8%33.0%13.0%41.1%8.6%11.3%19.9K-594.1K-1.9K0.00110.42N/AN/A041,328438
2023-03-16$17.59$15.0047.5%13.6%33.6%16.2%52.2%25.8%-0.6%21.8K-651.9K-1.8K10.00108.50N/AN/A2201,328442
2023-03-17$16.65$15.0043.0%12.3%39.3%11.3%51.7%15.4%11.6%7.6K-514.7K-1.7K0.67109.75N/AN/A18121,328452
2023-03-20$16.30$17.5038.7%11.1%36.4%6.6%52.9%14.7%6.6%6.7K-184.7K-1.6K0.03115.70N/AN/A70247486
2023-03-21$16.66$17.5040.3%11.5%36.8%8.2%40.3%15.8%10.0%8.0K-256.3K-1.9K0.00104.01N/AN/A6052688
2023-03-22$16.95$17.5038.0%10.9%37.1%5.8%0.0%39.8%8.6%9.1K-258.9K-1.8K0.00112.56N/AN/A0053288
2023-03-23$16.59$17.5048.0%13.8%37.2%16.8%52.3%2.7%-3.5%8.6K-260.4K-1.9K0.00106.89N/AN/A2053288
2023-03-24$16.73$17.5043.8%12.6%37.4%12.2%0.0%35.6%9.5%8.4K-206.2K-1.6K0.00113.80N/AN/A0053488
2023-03-27$17.05$17.5032.6%9.3%38.2%0.0%0.0%6.4%12.6%10.0K-268.3K-1.9K0.00105.50N/AN/A0053488
2023-03-28$17.30$17.5046.1%13.2%38.6%14.9%72.8%24.5%3.4%9.7K-292.2K-1.9K0.00112.67N/AN/A01453488
2023-03-29$17.38$17.5037.9%10.9%38.6%5.9%0.0%13.8%15.1%10.2K-289.0K-1.9K0.00129.79N/AN/A0053478
2023-03-30$17.52$17.5051.5%14.8%38.2%20.8%0.0%34.7%8.3%11.2K-265.1K-1.7K0.00127.71N/AN/A0053478
2023-03-31$17.66$17.5052.6%15.1%38.2%22.0%28.0%28.1%1.7%11.0K-299.3K-1.9K0.00119.79N/AN/A2053478