CVLG Options History — September 2025

In September 2025, CVLG traded between $21.54 and $24.05. ATM implied volatility averaged 31.8%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 1.4% (HV 20d: 30.3%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.84.

Notable Days

  • 2025-09-10: Highest Volume — 131 contracts
  • 2025-09-09: Largest IV spike — 47.5% change
  • 2025-09-09: Highest IV Rank — 25.8%
  • 2025-09-03: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.86$21.54$24.05$24.00$21.57
Max Pain$23.81$22.50$25.00$25.00$25.00
ATM IV31.8%26.6%42.1%30.4%31.2%
Expected Move8.8%6.8%10.6%8.7%8.9%
HV 20d30.3%24.9%35.5%35.4%25.8%
HV 60d34.2%32.9%35.4%34.3%32.9%
IV Rank15.8%10.8%25.8%14.5%15.2%
IV Percentile48.8%29.0%76.6%47.6%44.0%
Term Structure2.4%-12.7%14.6%1.7%12.6%
VWIV28.4%14.7%36.0%36.0%21.6%
Skew 25d0.9%-16.9%5.7%4.4%-4.1%
Skew 10d2.5%-27.3%61.5%31.6%0.6%
Call IV 25d31.6%26.8%37.5%28.4%30.8%
Put IV 25d32.6%17.1%39.7%32.8%26.7%
Bid-Ask Spread %101.6997.02111.3297.63111.32
Gamma HHI0.370.230.810.300.28
Net GEX-13.3K-112.6K19.3K-5.2K-2.6K
Net DEX318.0K124.6K605.1K349.8K148.6K
Net VEX-1.8K-2.6K-966-2.5K-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.840.0013.000.020.03
Total Volume38.38101310110
Total OI1,537.6677631,9661,821849

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$24.00$25.0030.4%8.7%35.4%14.5%0.0%4.4%1.7%-5.2K349.8K-2.5K0.0097.63N/AN/A001,118703
2025-09-03$23.80$25.0037.0%10.6%35.3%20.8%0.0%2.2%-0.0%-5.6K371.4K-2.6K0.00103.44N/AN/A071,118703
2025-09-04$24.05$22.5027.6%7.8%35.5%11.7%36.0%3.2%-12.7%-4.1K353.2K-2.4K0.00102.85N/AN/A0231,118710
2025-09-05$23.96$22.5028.4%6.8%35.0%12.4%0.0%4.3%-10.5%-6.9K372.2K-2.4K0.02104.71N/AN/A4411,118724
2025-09-08$23.90$22.5028.5%6.9%34.5%12.6%0.0%4.3%-9.3%140331.7K-2.4K0.00103.82N/AN/A001,158724
2025-09-09$23.58$22.5042.1%7.8%34.5%25.8%0.0%3.8%14.6%-8.6K499.1K-1.9K0.0097.94N/AN/A031,158724
2025-09-10$23.13$22.5032.3%9.3%28.9%16.3%29.3%2.5%1.0%-18.3K605.1K-1.7K0.24101.95N/AN/A106251,158727
2025-09-11$23.73$22.5035.0%10.0%28.9%18.9%0.0%5.3%6.3%19.3K124.6K-2.6K0.00103.28N/AN/A0151,263633
2025-09-12$22.98$22.5031.3%9.0%30.4%15.3%29.7%-0.3%1.9%-15.3K285.4K-1.9K2.1799.52N/AN/A23501,266621
2025-09-15$23.39$22.5031.6%9.1%30.8%15.6%0.0%5.1%10.4%-5.1K242.6K-2.1K0.00103.80N/AN/A011,289671
2025-09-16$23.50$22.5032.4%9.3%30.8%16.4%27.2%4.5%5.9%7.1K183.7K-2.0K0.0098.70N/AN/A701,289671
2025-09-17$22.63$22.5032.9%9.4%32.7%16.8%26.3%4.4%-0.2%-62.6K345.5K-1.9K0.00106.45N/AN/A0941,291660
2025-09-18$22.90$25.0032.1%9.2%32.3%16.1%32.0%5.4%3.8%-41.4K307.5K-1.9K0.00103.15N/AN/A011,291675
2025-09-19$22.35$25.0032.2%9.2%33.2%16.2%35.1%0.9%5.9%-112.6K535.2K-1.6K0.09103.57N/AN/A108101,291666
2025-09-22$22.09$25.0026.6%7.6%25.6%10.8%32.0%5.7%9.3%-661265.3K-1.3K13.00100.49N/AN/A113464299
2025-09-23$21.94$25.0031.1%8.9%24.9%15.1%0.0%4.7%2.2%-1.9K292.1K-1.1K0.0098.03N/AN/A00465309
2025-09-24$21.55$25.0031.6%9.1%25.2%15.6%33.1%-2.9%1.1%-3.6K304.4K-1.0K2.7397.02N/AN/A3082465309
2025-09-25$21.76$25.0034.4%9.9%25.8%18.3%35.0%-0.6%-0.8%-2.3K285.2K-1.4K0.29100.14N/AN/A175492384
2025-09-26$21.66$25.0031.5%9.0%25.7%15.5%14.7%-16.4%-1.5%-4.4K303.3K-1.3K1.0097.91N/AN/A11509389
2025-09-29$21.54$25.0026.8%7.7%25.7%10.9%16.5%-16.9%8.6%-5.3K171.4K-9660.6599.71N/AN/A1711510309
2025-09-30$21.57$25.0031.2%8.9%25.8%15.2%21.6%-4.1%12.6%-2.6K148.6K-1.1K0.03111.32N/AN/A1073529320