CVLG Options History — December 2023

In December 2023, CVLG traded between $20.97 and $23.27. ATM implied volatility averaged 32.4%, placing in the 22.0% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 7.1% (HV 20d: 25.3%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 6.30.

Notable Days

  • 2023-12-06: Highest Volume — 268 contracts
  • 2023-12-20: Largest IV spike — 69.0% change
  • 2023-12-26: Highest IV Rank — 46.5%
  • 2023-12-26: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.02$20.97$23.27$21.64$23.14
Max Pain$21.50$20.00$22.50$22.50$20.00
ATM IV32.4%22.1%46.6%25.5%40.9%
Expected Move9.2%6.8%13.4%7.3%11.7%
HV 20d25.3%21.3%31.4%31.4%22.6%
HV 60d31.8%31.3%32.5%31.6%31.7%
IV Rank22.0%4.4%46.5%10.2%36.7%
IV Percentile17.5%0.4%57.5%1.6%40.1%
Term Structure5.2%-6.6%17.8%-2.6%-6.6%
VWIV30.5%23.7%51.0%25.6%51.0%
Skew 25d2.8%-8.4%20.4%-8.3%3.3%
Skew 10d6.7%-17.2%42.0%-13.9%-7.8%
Call IV 25d32.2%26.4%41.2%26.4%33.2%
Put IV 25d35.1%18.0%51.8%18.0%36.5%
Bid-Ask Spread %106.8196.03116.2499.64114.44
Gamma HHI0.420.140.840.510.29
Net GEX-54.3K-198.6K5.7K-100.8K4.4K
Net DEX277.3K-147.5K1.1M600.1K-137.9K
Net VEX-1.7K-2.7K-1.1K-2.5K-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.300.0063.005.502.50
Total Volume39.10268260
Total OI2,621.85284,4444,108610

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$21.64$22.5025.5%7.3%31.4%10.2%25.6%-8.3%-2.6%-100.8K600.1K-2.5K5.5099.64N/AN/A4224663,642
2023-12-04$21.92$22.5022.1%7.6%28.1%4.4%0.0%-8.1%13.4%-64.0K205.9K-2.0K0.00100.87N/AN/A084703,610
2023-12-05$21.64$22.5027.6%8.1%28.7%13.8%0.0%-0.5%4.7%-127.3K521.3K-2.1K0.00105.00N/AN/A0904703,618
2023-12-06$21.20$22.5043.0%10.0%29.4%40.2%0.0%17.3%17.8%-141.3K821.1K-2.4K0.00102.16N/AN/A02684703,708
2023-12-07$21.28$22.5039.1%8.2%28.5%33.5%0.0%16.1%-3.9%-133.7K683.3K-2.3K63.00110.39N/AN/A21264703,800
2023-12-08$20.97$22.5028.8%10.2%29.1%15.8%0.0%-4.3%-1.1%-198.6K1.1M-2.7K1.00105.97N/AN/A224683,918
2023-12-11$21.23$22.5025.4%12.1%28.2%10.0%0.0%20.4%10.5%-28.5K497.0K-1.3K0.00110.14N/AN/A0604683,916
2023-12-12$21.32$22.5041.9%8.3%27.9%38.5%0.0%7.5%7.2%-151.9K773.5K-1.9K0.00103.65N/AN/A404683,976
2023-12-13$21.46$22.5024.2%6.9%23.4%7.9%0.0%6.0%12.2%-111.4K591.4K-1.7K0.00108.86N/AN/A204683,976
2023-12-14$22.11$22.5031.7%9.1%25.2%20.8%0.0%12.2%0.9%-65.7K222.5K-1.5K0.00101.17N/AN/A004683,976
2023-12-15$22.05$22.5028.3%8.1%21.3%14.9%28.3%0.2%11.3%2.0K448.7K-1.2K0.1196.03N/AN/A94104683,976
2023-12-18$21.54$22.5029.6%8.5%23.2%17.1%23.7%-5.3%6.3%822-22.9K-1.1K0.00109.58N/AN/A100282246
2023-12-19$22.08$20.0023.7%6.8%22.5%7.1%23.8%1.7%14.7%2.1K-49.4K-1.4K0.00105.85N/AN/A180292246
2023-12-20$22.48$20.0040.1%11.5%22.8%35.2%34.9%-8.4%2.7%3.4K-81.3K-1.2K0.00110.08N/AN/A220310246
2023-12-21$22.54$20.0024.9%7.1%22.7%9.1%26.5%-4.2%4.2%5.7K-113.3K-1.4K3.00107.84N/AN/A26332246
2023-12-22$22.66$20.0031.0%8.9%22.8%19.6%51.0%1.2%-4.2%4.7K-115.7K-1.4K0.50109.53N/AN/A42332252
2023-12-26$22.89$20.0046.6%13.4%22.8%46.5%0.0%1.6%4.8%4.1K-122.6K-1.3K0.00116.24N/AN/A00332254
2023-12-27$23.03$20.0039.7%11.4%22.5%34.7%0.0%0.2%-3.3%4.2K-120.0K-1.3K2.50109.11N/AN/A410332254
2023-12-28$23.27$20.0033.6%9.6%22.4%24.1%0.0%8.3%14.7%5.4K-147.5K-1.3K0.00109.65N/AN/A010336264
2023-12-29$23.14$20.0040.9%11.7%22.6%36.7%0.0%3.3%-6.6%4.4K-137.9K-1.1K0.00114.44N/AN/A00336274