CVLG Options History — August 2023

In August 2023, CVLG traded between $24.65 and $28.64. ATM implied volatility averaged 39.7%, placing in the 9.0% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded below realized volatility by 3.5% (HV 20d: 43.2%). Max pain ranged from $22.50 to $27.50. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 9.86.

Notable Days

  • 2023-08-17: Highest Volume — 4,398 contracts
  • 2023-08-02: Largest IV spike — 28.8% change
  • 2023-08-02: Highest IV Rank — 19.6%
  • 2023-08-02: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.21$24.65$28.64$27.11$24.69
Max Pain$24.89$22.50$27.50$22.50$25.00
ATM IV39.7%29.9%48.9%37.9%32.8%
Expected Move11.2%8.6%14.0%10.9%9.4%
HV 20d43.2%25.5%51.1%48.9%25.5%
HV 60d37.3%35.9%38.7%36.1%36.5%
IV Rank9.0%0.0%19.6%6.4%3.4%
IV Percentile16.3%0.0%47.6%7.9%0.8%
Term Structure0.8%-11.6%11.2%10.0%0.1%
VWIV40.1%22.5%59.1%37.9%32.9%
Skew 25d-1.1%-14.5%12.7%-8.1%-6.4%
Skew 10d4.1%-15.1%49.8%-15.1%-11.5%
Call IV 25d40.6%31.3%54.7%51.7%38.8%
Put IV 25d39.5%22.8%54.7%43.5%32.3%
Bid-Ask Spread %85.0649.28103.3989.5297.03
Gamma HHI0.400.180.670.260.57
Net GEX82.8K-44.7K227.6K-44.7K183.5K
Net DEX-1.4M-2.7M-449.0K-449.0K-1.1M
Net VEX-10.2K-16.8K-4.6K-6.3K-13.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.860.0085.750.2528.33
Total Volume472.8724,39820176
Total OI11,133.139,19614,14610,29210,556

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$27.11$22.5037.9%10.9%48.9%6.4%37.9%-8.1%10.0%-44.7K-449.0K-6.3K0.2589.52N/AN/A1645789,714
2023-08-02$27.70$22.5048.9%14.0%48.5%19.6%41.9%10.5%-11.6%-39.1K-683.5K-5.0K0.0682.57N/AN/A3625909,718
2023-08-03$27.84$25.0040.4%10.6%48.0%9.5%0.0%3.9%2.5%-30.3K-742.1K-5.2K0.0073.85N/AN/A7006269,718
2023-08-04$27.95$25.0039.7%10.7%47.7%8.5%35.9%0.3%2.5%-17.4K-853.9K-5.3K0.2776.26N/AN/A2266869,718
2023-08-07$28.03$25.0040.4%10.4%47.8%9.4%42.3%-2.9%11.2%-14.4K-922.4K-5.2K0.1177.77N/AN/A1827009,724
2023-08-08$28.10$25.0041.1%10.3%43.9%10.2%36.1%3.0%4.1%-10.2K-897.9K-5.3K0.5078.15N/AN/A426909,724
2023-08-09$28.64$25.0036.7%10.5%42.3%5.0%36.3%2.4%3.9%-5.6K-1.0M-4.6K0.0084.93N/AN/A2,01026889,726
2023-08-10$27.41$25.0040.0%11.5%47.0%8.9%38.9%0.3%-0.7%91.2K-1.7M-9.8K0.0387.01N/AN/A1,028322,6509,726
2023-08-11$27.38$25.0039.5%11.3%46.9%8.3%41.8%8.7%-3.2%161.5K-2.3M-11.5K0.1754.91N/AN/A1223,6509,752
2023-08-14$26.80$25.0038.8%11.1%48.2%7.4%48.8%10.3%0.8%119.6K-1.7M-10.1K0.7856.13N/AN/A36283,6509,754
2023-08-15$26.30$25.0038.8%11.1%49.1%7.5%46.2%9.3%-1.8%97.5K-1.2M-9.3K5.0049.28N/AN/A8403,6629,778
2023-08-16$25.55$27.5036.8%10.6%50.1%5.1%43.6%-2.3%-0.1%65.1K-800.8K-9.0K5.8986.47N/AN/A382243,6589,818
2023-08-17$24.93$25.0042.8%12.3%51.1%12.3%40.0%-10.0%2.4%22.5K-777.9K-8.7K0.0189.48N/AN/A4,346523,6589,920
2023-08-18$25.07$25.0043.7%12.5%50.9%13.4%39.5%-7.5%-0.0%142.8K-2.7M-11.7K74.5092.20N/AN/A161,1924,2269,920
2023-08-21$24.79$25.0047.9%13.7%51.1%18.4%42.9%-4.5%-3.3%100.5K-2.0M-13.6K85.7593.47N/AN/A86864,1545,042
2023-08-22$24.86$25.0038.7%11.1%51.1%7.4%38.4%-10.1%-3.0%127.5K-1.5M-16.8K0.9296.28N/AN/A24224,1565,720
2023-08-23$25.25$25.0041.9%12.0%49.7%11.3%43.6%-1.7%6.6%146.3K-2.0M-16.6K0.0091.89N/AN/A3204,1545,740
2023-08-24$25.10$25.0044.6%12.8%38.3%14.5%0.0%-14.5%-0.1%123.9K-2.1M-14.5K0.0097.89N/AN/A204,1785,740
2023-08-25$24.72$25.0037.3%10.7%29.2%5.7%0.0%-8.3%-5.4%143.7K-1.5M-14.3K2.00103.04N/AN/A244,1765,740
2023-08-28$24.65$25.0041.1%11.8%26.5%10.3%59.1%12.7%-6.7%132.3K-1.3M-13.8K2.0099.17N/AN/A12244,1765,738
2023-08-29$24.82$25.0029.9%8.6%26.8%0.0%22.5%-8.5%8.7%227.6K-1.8M-12.7K0.0095.72N/AN/A05004,1765,758
2023-08-30$25.05$25.0034.1%9.8%25.6%4.9%32.6%-2.8%1.9%180.3K-2.0M-12.2K10.33103.39N/AN/A121244,1786,258
2023-08-31$24.69$25.0032.8%9.4%25.5%3.4%32.9%-6.4%0.1%183.5K-1.1M-13.4K28.3397.03N/AN/A61704,1386,418