CVLG Options History — November 2023

In November 2023, CVLG traded between $19.51 and $21.61. ATM implied volatility averaged 32.8%, placing in the 22.7% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded below realized volatility by 5.0% (HV 20d: 37.8%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 3.02.

Notable Days

  • 2023-11-14: Highest Volume — 140 contracts
  • 2023-11-03: Largest IV spike — 74.3% change
  • 2023-11-03: Highest IV Rank — 61.3%
  • 2023-11-02: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.69$19.51$21.61$19.57$21.27
Max Pain$22.38$20.00$22.50$20.00$22.50
ATM IV32.8%23.0%55.2%32.5%23.3%
Expected Move9.6%6.6%15.7%9.3%6.7%
HV 20d37.8%31.2%41.4%38.6%31.2%
HV 60d30.9%29.1%32.4%29.6%31.4%
IV Rank22.7%5.8%61.3%22.3%6.3%
IV Percentile11.4%0.4%79.0%4.4%0.8%
Term Structure-0.7%-19.8%12.5%-8.2%2.5%
VWIV30.2%19.5%41.5%35.5%37.7%
Skew 25d0.6%-27.8%87.8%-27.8%-4.0%
Skew 10d10.8%-25.8%110.2%-25.8%-10.3%
Call IV 25d34.5%21.7%58.7%57.7%22.7%
Put IV 25d35.1%18.7%128.1%29.9%18.7%
Bid-Ask Spread %98.9493.47106.5798.4999.59
Gamma HHI0.630.470.780.470.58
Net GEX-213.3K-378.3K-75.0K-253.4K-116.3K
Net DEX1.8M381.5K3.6M3.6M759.1K
Net VEX-6.0K-10.6K-1.9K-10.6K-2.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.020.0013.0013.000.00
Total Volume39.6190140560
Total OI5,510.4763,9806,5626,2064,108

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$19.57$20.0032.5%9.3%38.6%22.3%35.5%-27.8%-8.2%-253.4K3.6M-10.6K13.0098.49N/AN/A4525385,668
2023-11-02$19.51$22.5031.7%15.7%37.7%20.8%0.0%-2.7%-14.8%-238.9K3.4M-10.4K0.00104.41N/AN/A0525345,720
2023-11-03$20.39$22.5055.2%10.4%40.7%61.3%20.6%-27.5%12.5%-209.4K2.4M-9.6K0.0095.42N/AN/A0905345,768
2023-11-06$20.45$22.5036.5%10.1%40.7%29.1%31.0%-14.6%-4.5%-256.5K2.5M-8.3K0.00101.45N/AN/A205345,858
2023-11-07$20.20$22.5037.5%14.1%39.8%30.8%37.8%0.8%-19.8%-234.9K2.6M-9.0K0.00103.67N/AN/A1405345,858
2023-11-08$19.86$22.5034.3%9.8%39.9%25.3%0.0%-7.5%3.0%-334.7K3.1M-8.0K0.0099.72N/AN/A205245,858
2023-11-09$19.76$22.5035.3%10.1%39.9%27.0%0.0%-0.6%-2.2%-272.9K3.4M-8.9K7.5098.91N/AN/A4305265,858
2023-11-10$20.25$22.5028.3%8.1%39.8%14.9%26.9%-3.6%10.1%-364.4K2.4M-6.7K3.0098.76N/AN/A10305245,888
2023-11-13$20.09$22.5033.9%9.7%38.4%24.7%19.5%5.2%-4.0%-378.3K2.5M-6.6K0.00102.32N/AN/A01185325,906
2023-11-14$21.00$22.5036.8%10.6%41.4%29.7%32.4%11.7%-2.4%-254.7K1.7M-5.6K0.7595.04N/AN/A80605326,018
2023-11-15$21.30$22.5023.0%6.6%39.9%5.8%28.2%1.4%7.2%-198.2K1.2M-4.8K1.2594.47N/AN/A8105306,010
2023-11-16$20.57$22.5032.7%9.4%39.4%22.5%40.2%-4.8%3.0%-292.4K1.8M-6.4K0.00106.57N/AN/A0465346,010
2023-11-17$20.45$22.5031.6%9.1%38.0%20.7%0.0%-0.4%5.8%-152.3K1.5M-5.2K0.0099.54N/AN/A0105346,028
2023-11-20$21.07$22.5029.9%8.6%39.4%17.7%19.7%5.6%-10.8%-148.2K1.2M-4.3K5.1498.58N/AN/A14724343,552
2023-11-21$21.36$22.5026.2%7.5%39.7%11.4%27.0%2.4%6.9%-144.0K854.4K-3.7K2.0098.55N/AN/A244483,532
2023-11-22$21.54$22.5041.9%12.0%38.8%38.4%41.5%-0.0%-7.6%-106.2K845.4K-4.4K3.6396.15N/AN/A16584523,534
2023-11-24$21.61$22.5034.3%9.8%35.1%25.2%0.0%87.8%-3.7%-75.0K381.5K-1.9K0.0099.66N/AN/A004683,590
2023-11-27$21.54$22.5028.9%8.3%32.3%16.0%29.5%-10.1%4.0%-161.1K655.4K-2.8K0.0097.85N/AN/A4004683,590
2023-11-28$21.41$22.5030.2%8.6%31.7%18.2%26.0%-1.3%-0.4%-174.0K737.4K-2.8K0.0093.47N/AN/A025023,590
2023-11-29$21.30$22.5024.9%7.1%31.8%9.1%37.7%2.6%7.7%-113.0K670.0K-2.9K0.0095.20N/AN/A025023,592
2023-11-30$21.27$22.5023.3%6.7%31.2%6.3%0.0%-4.0%2.5%-116.3K759.1K-2.7K0.0099.59N/AN/A004663,642