CVLG Options History — February 2024

In February 2024, CVLG traded between $24.37 and $27.10. ATM implied volatility averaged 31.1%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 1.2% (HV 20d: 32.2%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 48.64.

Notable Days

  • 2024-02-20: Highest Volume — 12,024 contracts
  • 2024-02-27: Largest IV drop — 20.1% change
  • 2024-02-26: Highest IV Rank — 31.8%
  • 2024-02-26: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.70$24.37$27.10$24.39$24.37
Max Pain$22.88$22.50$25.00$22.50$25.00
ATM IV31.1%26.4%38.1%30.7%37.1%
Expected Move8.7%7.5%10.9%8.3%10.6%
HV 20d32.2%30.2%34.8%33.1%30.5%
HV 60d28.6%27.5%29.5%28.5%29.5%
IV Rank19.7%11.7%31.8%19.1%30.2%
IV Percentile16.0%4.8%38.1%10.7%35.3%
Term Structure-1.3%-24.3%13.7%4.1%-12.8%
VWIV35.2%26.5%57.1%31.7%57.1%
Skew 25d-5.5%-30.4%4.7%-0.3%-30.4%
Skew 10d-8.1%-42.0%8.9%-2.3%-10.2%
Call IV 25d34.3%26.1%53.6%29.7%50.2%
Put IV 25d28.8%19.7%35.0%29.4%19.7%
Bid-Ask Spread %100.2489.49114.7393.68111.63
Gamma HHI0.300.170.550.190.34
Net GEX-114.8K-508.6K32.6K-7.4K-508.6K
Net DEX1.3M-479.9K7.6M-97.9K7.6M
Net VEX-14.7K-42.3K-2.4K-3.3K-42.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio48.640.00620.0025.500.06
Total Volume1,190.8012,0242128,502
Total OI7,183.71,81816,4203,04616,420

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$24.39$22.5030.7%8.3%33.1%19.1%31.7%-0.3%4.1%-7.4K-97.9K-3.3K25.5093.68N/AN/A82045482,498
2024-02-02$25.06$22.5029.6%8.3%31.6%17.2%0.0%0.1%5.1%-4.3K-170.4K-3.2K0.0091.58N/AN/A405482,702
2024-02-05$24.84$22.5033.3%8.3%31.9%23.6%31.4%0.3%5.6%-6.7K-146.7K-3.3K0.7889.49N/AN/A18145522,702
2024-02-06$25.49$22.5032.3%7.5%32.5%21.9%30.2%-4.3%7.6%5.8K-254.5K-3.1K0.0092.85N/AN/A805562,708
2024-02-07$25.64$22.5026.4%7.6%31.9%11.7%26.5%-0.0%8.6%8.5K-259.8K-3.0K17.3395.06N/AN/A61045562,708
2024-02-08$25.50$22.5026.9%7.7%31.2%12.5%0.0%2.7%5.0%-21.6K-140.2K-3.4K0.0096.72N/AN/A005502,810
2024-02-09$26.01$22.5026.8%7.7%30.2%12.3%29.0%-0.1%6.7%-3.9K-256.7K-2.9K0.0594.86N/AN/A3825502,810
2024-02-12$26.75$22.5028.5%8.2%30.4%15.3%0.0%-3.3%3.2%25.4K-403.5K-2.6K1.7991.12N/AN/A28505542,812
2024-02-13$26.09$22.5027.5%7.9%31.6%13.6%0.0%-1.6%13.7%-7.2K-271.5K-2.9K0.00100.68N/AN/A005822,878
2024-02-14$26.75$22.5030.0%8.6%32.2%17.9%0.0%-4.6%2.2%24.7K-402.7K-2.8K0.00101.82N/AN/A005822,878
2024-02-15$27.10$22.5030.8%8.8%31.7%19.3%42.6%-3.9%-4.4%32.6K-479.9K-2.8K13.0093.06N/AN/A4525822,878
2024-02-16$26.70$22.5030.2%8.7%32.6%18.2%29.8%-1.4%-1.8%4.9K-375.5K-2.4K0.4395.48N/AN/A1465842,880
2024-02-20$25.75$22.5026.6%7.6%34.8%12.1%27.3%-7.6%-4.2%-689-162.4K-3.6K1.9998.37N/AN/A4,0208,0044081,410
2024-02-21$25.93$22.5028.6%8.2%34.2%15.4%48.5%-0.6%-11.5%-216.8K2.3M-35.0K0.00109.05N/AN/A3004,4129,414
2024-02-22$25.95$22.5034.2%9.8%33.7%25.1%0.0%-2.3%-10.3%-277.4K3.0M-33.7K0.00107.62N/AN/A204,4149,414
2024-02-23$25.81$22.5037.0%10.6%33.2%30.0%0.0%4.7%-10.3%-267.0K3.0M-35.4K0.00114.73N/AN/A004,4129,414
2024-02-26$25.69$22.5038.1%10.9%32.6%31.8%33.0%-8.8%-24.3%-352.2K3.7M-31.0K0.00105.23N/AN/A0404,4129,414
2024-02-27$25.46$25.0030.4%8.7%31.9%18.6%0.0%-20.3%-4.6%-288.3K3.7M-35.4K620.00113.61N/AN/A42,4804,4129,454
2024-02-28$24.70$25.0036.5%10.5%32.9%29.0%34.9%-27.2%-3.7%-436.0K6.0M-41.2K0.00108.09N/AN/A01744,41411,842
2024-02-29$24.37$25.0037.1%10.6%30.5%30.2%57.1%-30.4%-12.8%-508.6K7.6M-42.3K0.06111.63N/AN/A8,0244784,41412,006