CVLG Options History — May 2023

In May 2023, CVLG traded between $18.91 and $21.07. ATM implied volatility averaged 44.8%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded below realized volatility by 4.0% (HV 20d: 48.8%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 3.10.

Notable Days

  • 2023-05-12: Highest Volume — 116 contracts
  • 2023-05-03: Largest IV spike — 56.1% change
  • 2023-05-03: Highest IV Rank — 36.6%
  • 2023-05-03: Largest Expected Move — 18.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.59$18.91$21.07$21.07$19.14
Max Pain$19.66$17.50$20.00$17.50$20.00
ATM IV44.8%34.7%65.8%47.3%35.0%
Expected Move12.7%9.9%18.9%13.6%10.0%
HV 20d48.8%24.4%53.4%51.0%24.4%
HV 60d39.9%39.1%41.9%41.9%39.3%
IV Rank13.5%2.3%36.6%16.2%2.7%
IV Percentile25.8%1.2%84.1%30.6%1.6%
Term Structure1.2%-15.1%13.6%5.8%13.6%
VWIV54.9%24.6%146.2%34.4%84.2%
Skew 25d8.1%-18.6%17.3%15.7%-3.0%
Skew 10d12.5%-20.7%28.6%28.6%-20.7%
Call IV 25d37.6%27.3%58.4%34.2%52.7%
Put IV 25d45.8%36.5%63.1%50.0%49.7%
Bid-Ask Spread %102.3394.32118.6994.32109.01
Gamma HHI0.430.350.590.380.53
Net GEX-9.0K-19.1K-3.3K-3.3K-19.1K
Net DEX40.4K-324.9K263.9K-310.9K255.3K
Net VEX-4.1K-4.5K-3.7K-4.2K-3.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.100.0034.000.620.00
Total Volume19.7270116944
Total OI1,413.7271,3461,4681,3461,438

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$21.07$17.5047.3%13.6%51.0%16.2%34.4%15.7%5.8%-3.3K-310.9K-4.2K0.6294.32N/AN/A5836556790
2023-05-02$20.75$17.5042.1%12.1%51.5%10.5%0.0%14.3%0.5%-5.0K-324.9K-4.2K0.00104.06N/AN/A00590814
2023-05-03$20.27$17.5065.8%18.9%50.3%36.6%146.2%6.1%-15.1%-4.8K-131.0K-4.5K0.00112.65N/AN/A04590814
2023-05-04$19.52$20.0036.6%12.6%52.9%4.4%34.4%14.6%1.7%-5.1K-60.5K-4.4K0.10101.95N/AN/A404590814
2023-05-05$19.55$20.0048.9%14.2%52.9%18.0%0.0%10.5%-0.6%-5.3K17.0K-4.4K0.00104.37N/AN/A400590814
2023-05-08$19.65$20.0045.5%12.8%51.8%14.2%0.0%11.2%-4.2%-6.0K-60.4K-4.2K0.0098.84N/AN/A00570814
2023-05-09$19.44$20.0062.6%12.6%52.1%33.0%0.0%7.4%7.7%-5.2K61.7K-4.0K0.00106.22N/AN/A00570804
2023-05-10$19.34$20.0045.5%13.0%52.1%14.2%0.0%2.5%0.4%-6.3K24.3K-4.1K0.0098.34N/AN/A06570804
2023-05-11$19.18$20.0037.8%10.8%52.2%5.7%32.0%17.3%3.6%-6.6K6.7K-3.9K1.00107.01N/AN/A22570804
2023-05-12$19.20$20.0044.2%12.7%52.2%12.7%0.0%8.6%3.0%-6.1K43.0K-3.9K0.00109.80N/AN/A0116572804
2023-05-15$19.23$20.0041.5%11.9%52.2%9.8%0.0%14.5%4.7%-10.0K152.2K-4.3K0.00118.69N/AN/A02572894
2023-05-16$18.91$20.0042.8%12.3%52.7%11.2%24.6%6.7%1.2%-9.2K149.0K-4.1K0.0094.85N/AN/A200572896
2023-05-17$19.39$20.0042.8%12.3%52.8%11.2%0.0%15.4%1.6%-9.6K36.9K-4.1K0.00105.56N/AN/A08552896
2023-05-18$19.49$20.0050.1%14.4%52.8%19.3%49.2%13.9%-11.2%-9.2K73.2K-4.1K0.0099.96N/AN/A60552904
2023-05-19$19.68$20.0046.7%13.4%52.7%15.5%0.0%13.3%-2.7%-9.0K14.3K-4.0K0.0097.64N/AN/A20554904
2023-05-22$19.95$20.0045.0%12.9%52.8%13.7%0.0%13.6%3.6%-9.5K-10.7K-3.9K0.0096.02N/AN/A00526854
2023-05-23$19.55$20.0055.7%16.0%53.4%25.4%55.6%-18.6%-8.3%-8.2K111.0K-3.9K34.00100.03N/AN/A268526854
2023-05-24$19.25$20.0040.8%11.7%51.0%9.0%41.4%-6.1%-5.1%-12.1K263.9K-3.9K0.5095.96N/AN/A42528914
2023-05-25$19.40$20.0034.7%9.9%49.5%2.3%0.0%3.1%8.8%-16.0K216.7K-3.9K0.0098.56N/AN/A00526914
2023-05-26$19.70$20.0035.3%10.1%36.1%3.0%47.2%8.6%9.3%-16.8K136.1K-3.9K1.0096.93N/AN/A22526914
2023-05-30$19.40$20.0039.8%11.4%24.5%7.9%0.0%9.3%9.2%-15.2K226.8K-3.9K0.00100.55N/AN/A40528914
2023-05-31$19.14$20.0035.0%10.0%24.4%2.7%84.2%-3.0%13.6%-19.1K255.3K-3.7K0.00109.01N/AN/A40524914