CVLG Options History — July 2023

In July 2023, CVLG traded between $21.55 and $28.45. ATM implied volatility averaged 49.9%, placing in the 20.4% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 18.2% (HV 20d: 31.7%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 29.61.

Notable Days

  • 2023-07-26: Highest Volume — 1,904 contracts
  • 2023-07-07: Largest IV spike — 38.3% change
  • 2023-07-20: Highest IV Rank — 41.8%
  • 2023-07-20: Largest Expected Move — 19.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.46$21.55$28.45$22.55$27.34
Max Pain$22.25$20.00$22.50$20.00$22.50
ATM IV49.9%37.3%67.2%38.5%40.6%
Expected Move14.3%10.7%19.3%11.0%11.6%
HV 20d31.7%26.5%48.9%31.1%48.9%
HV 60d37.9%33.1%39.5%37.7%37.0%
IV Rank20.4%5.7%41.8%6.5%9.6%
IV Percentile48.1%6.7%91.3%9.1%15.5%
Term Structure-4.2%-26.5%24.7%16.5%1.3%
VWIV49.9%39.4%65.1%41.6%47.7%
Skew 25d2.7%-15.2%21.3%-15.2%-7.6%
Skew 10d7.2%-23.2%46.6%-23.2%-13.2%
Call IV 25d50.6%39.3%69.2%45.9%54.9%
Put IV 25d53.2%30.6%74.2%30.6%47.3%
Bid-Ask Spread %86.4460.81105.20103.5585.07
Gamma HHI0.400.290.620.340.29
Net GEX-54.5K-187.3K-1.5K-14.3K-49.5K
Net DEX218.5K-636.3K1.8M-78.6K-481.3K
Net VEX-5.6K-10.9K-2.0K-4.4K-6.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio29.610.00318.501.003.75
Total Volume380.801,9048114
Total OI4,019.21,79610,2841,79810,284

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$22.55$20.0038.5%11.0%31.1%6.5%41.6%-15.2%16.5%-14.3K-78.6K-4.4K1.00103.55N/AN/A444641,334
2023-07-05$22.30$20.0040.7%11.7%28.6%8.9%0.0%-2.1%-0.5%-15.3K-12.5K-4.6K0.00105.20N/AN/A204661,330
2023-07-06$22.13$22.5042.5%13.9%27.8%10.9%0.0%-0.0%-7.4%-18.3K33.3K-4.6K1.5099.90N/AN/A464681,330
2023-07-07$22.75$22.5058.8%14.2%27.4%28.9%48.8%5.3%1.2%-16.1K-69.8K-4.3K2.5897.61N/AN/A661704721,332
2023-07-10$22.90$22.5058.5%15.3%26.5%28.5%56.6%11.8%-13.7%-19.9K-46.2K-4.6K0.0095.43N/AN/A404781,502
2023-07-11$21.98$22.5044.6%15.5%28.8%13.2%52.5%3.1%-8.0%-23.7K132.6K-4.8K6.6788.64N/AN/A6404801,502
2023-07-12$21.55$22.5038.7%11.1%29.9%6.7%43.4%-4.9%3.8%-27.5K159.7K-4.7K0.0088.86N/AN/A0604821,492
2023-07-13$22.03$22.5052.0%14.9%30.3%23.2%0.0%-7.8%-1.7%-25.5K111.5K-4.8K0.0093.34N/AN/A004821,552
2023-07-14$21.97$22.5058.7%16.8%29.6%31.5%61.0%16.8%-7.9%-25.3K171.3K-4.9K0.3386.88N/AN/A624821,552
2023-07-17$22.35$22.5052.6%15.1%29.9%24.1%51.4%12.4%-18.6%-25.3K58.8K-4.5K2.0080.94N/AN/A484841,550
2023-07-18$22.79$22.5050.6%14.5%30.3%21.7%52.1%21.3%24.7%-18.5K-106.4K-4.2K2.7390.86N/AN/A22604881,558
2023-07-19$23.41$22.5055.1%15.8%30.6%27.2%43.5%7.2%-12.7%-1.5K-562.5K-2.0K0.0095.03N/AN/A1404761,618
2023-07-20$23.33$22.5067.2%19.3%30.9%41.8%62.2%-9.3%-19.2%-18.0K-163.6K-4.3K0.0093.89N/AN/A024801,618
2023-07-21$23.16$22.5052.3%15.0%28.8%23.8%65.1%17.4%-6.1%-148.7K1.7M-9.1K36.0069.48N/AN/A461,6564803,590
2023-07-24$23.43$22.5054.7%15.7%28.6%26.6%46.7%-3.4%-3.3%-167.9K1.7M-9.9K49.7360.81N/AN/A301,4924705,030
2023-07-25$23.59$22.5055.4%15.9%28.5%27.5%45.9%-2.1%-6.8%-187.3K1.8M-10.9K318.5076.00N/AN/A41,2744966,374
2023-07-26$24.48$22.5059.6%17.1%30.0%32.6%50.4%6.1%-26.5%-172.3K1.1M-9.5K72.2369.87N/AN/A261,8784967,646
2023-07-27$26.69$22.5040.0%11.5%41.4%8.9%39.4%-0.9%-5.7%-60.9K-509.8K-4.3K2.8665.25N/AN/A1424064989,308
2023-07-28$28.45$22.5037.3%10.7%45.6%5.7%40.6%5.6%5.6%-53.5K-636.3K-5.9K3.5782.11N/AN/A14505769,664
2023-07-31$27.34$22.5040.6%11.6%48.9%9.6%47.7%-7.6%1.3%-49.5K-481.3K-6.1K3.7585.07N/AN/A24905769,708