CVLG Options History — January 2024

In January 2024, CVLG traded between $21.55 and $25.58. ATM implied volatility averaged 38.1%, placing in the 31.9% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 9.5% (HV 20d: 28.6%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 7 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 21.82.

Notable Days

  • 2024-01-24: Highest Volume — 1,422 contracts
  • 2024-01-08: Largest IV spike — 48.2% change
  • 2024-01-02: Highest IV Rank — 47.9%
  • 2024-01-04: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.48$21.55$25.58$22.55$24.30
Max Pain$21.31$20.00$22.50$20.00$22.50
ATM IV38.1%25.3%47.4%47.4%30.7%
Expected Move11.8%8.0%16.2%13.6%8.8%
HV 20d28.6%24.4%34.0%24.4%34.0%
HV 60d30.8%28.2%32.5%32.0%29.7%
IV Rank31.9%9.8%47.9%47.9%19.1%
IV Percentile33.4%3.2%60.7%60.7%10.7%
Term Structure-6.1%-18.9%8.1%-9.3%-1.5%
VWIV44.2%14.6%71.5%71.5%27.7%
Skew 25d-2.1%-16.5%12.4%-6.9%12.4%
Skew 10d-4.1%-29.8%19.9%-21.3%19.9%
Call IV 25d43.3%26.4%61.4%35.9%26.4%
Put IV 25d41.2%26.6%62.4%29.1%38.8%
Bid-Ask Spread %89.8073.39111.49111.49102.97
Gamma HHI0.240.150.400.180.20
Net GEX-5.2K-23.5K4.4K4.4K-8.5K
Net DEX-25.1K-222.8K116.0K-107.2K-82.5K
Net VEX-2.6K-4.8K-1.1K-1.2K-3.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio21.820.00180.000.000.00
Total Volume195.61901,42202
Total OI1,723.6196103,0486103,048

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$22.55$20.0047.4%13.6%24.4%47.9%0.0%-6.9%-9.3%4.4K-107.2K-1.2K0.00111.49N/AN/A00336274
2024-01-03$22.18$20.0043.6%12.5%24.9%41.3%0.0%-8.4%-4.2%3.5K-74.5K-1.3K0.00106.30N/AN/A00336274
2024-01-04$21.55$20.0041.4%16.2%26.6%37.6%0.0%-1.1%-15.9%3.0K-30.4K-1.1K0.0096.83N/AN/A40336274
2024-01-05$21.91$20.0025.3%13.0%26.0%9.8%71.5%1.0%-12.1%4.0K-47.9K-1.2K180.0097.51N/AN/A2360336274
2024-01-08$22.29$20.0037.5%13.5%26.6%30.8%46.7%-5.5%-2.7%-3.2K103.1K-2.8K0.0085.01N/AN/A060338714
2024-01-09$22.09$20.0032.6%14.4%26.2%22.3%40.1%-14.1%-12.3%-3.2K60.6K-2.5K0.0081.86N/AN/A060338724
2024-01-10$22.73$20.0041.1%11.8%27.6%37.0%36.3%0.3%-5.3%-3.0K35.3K-2.5K4.3377.29N/AN/A30130338774
2024-01-11$23.45$20.0039.5%11.3%29.3%34.3%48.8%-9.8%-0.1%-3.8K-10.1K-2.5K43.5087.99N/AN/A4174336894
2024-01-12$23.11$20.0046.7%13.4%30.0%46.7%0.0%1.9%-8.8%-7.6K81.2K-2.9K0.0079.46N/AN/A003321,068
2024-01-16$22.80$20.0044.0%12.6%28.9%42.1%49.6%4.3%-1.4%-11.1K112.2K-2.8K0.0078.06N/AN/A01203321,068
2024-01-17$22.78$22.5037.6%10.8%28.9%30.9%53.0%7.2%-12.2%-13.1K116.0K-2.7K7.5098.03N/AN/A8603321,186
2024-01-18$23.34$22.5040.6%11.6%28.4%36.1%55.0%0.9%-4.3%-12.4K58.9K-2.7K9.0086.87N/AN/A383423401,226
2024-01-19$23.46$22.5044.9%12.9%27.3%43.6%48.7%-2.2%-5.4%-23.5K89.9K-3.1K24.0082.34N/AN/A102403541,568
2024-01-22$24.15$22.5035.7%10.2%28.4%27.6%51.6%1.8%-7.9%-14.6K9.4K-2.4K30.8974.64N/AN/A185563201,686
2024-01-23$24.65$22.5046.0%13.2%29.0%45.4%50.5%-4.8%-8.0%-14.9K-15.9K-2.5K0.6473.39N/AN/A2441563301,760
2024-01-24$25.09$22.5037.0%10.6%29.4%29.9%35.4%-3.2%-4.3%3.4K-188.2K-2.7K26.3582.86N/AN/A521,3705161,720
2024-01-25$25.58$22.5030.5%8.8%29.8%18.8%14.6%-2.5%8.1%-4.6K-143.0K-4.8K0.1199.00N/AN/A1825182,498
2024-01-26$25.16$22.5028.0%8.0%30.8%14.4%0.0%-16.5%0.6%2.7K-222.8K-3.0K0.0095.70N/AN/A405282,498
2024-01-29$24.66$22.5038.7%11.1%31.9%32.9%33.7%2.9%-18.9%-9.3K-100.1K-3.5K0.4697.34N/AN/A26125282,498
2024-01-30$25.20$22.5031.3%9.0%32.5%20.1%27.7%-2.2%-1.3%1.6K-170.3K-3.5K0.5090.89N/AN/A425482,498
2024-01-31$24.30$22.5030.7%8.8%34.0%19.1%0.0%12.4%-1.5%-8.5K-82.5K-3.3K0.00102.97N/AN/A205502,498