CVLG Options History — November 2025

In November 2025, CVLG traded between $18.07 and $20.26. ATM implied volatility averaged 37.5%, placing in the 19.6% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 1.3% (HV 20d: 36.2%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 64.47.

Notable Days

2025-11-06: Highest Volume — 603 contracts
2025-11-11: Largest IV spike — 109.1% change
2025-11-05: Highest IV Rank — 60.3%
2025-11-05: Largest Expected Move — 22.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.40	$18.07	$20.26	$20.13	$19.91
Max Pain	$21.05	$20.00	$22.50	$20.00	$22.50
ATM IV	37.5%	19.8%	78.3%	51.9%	20.1%
Expected Move	10.5%	5.7%	22.4%	14.9%	5.8%
HV 20d	36.2%	23.9%	43.8%	43.8%	30.2%
HV 60d	33.9%	31.6%	36.1%	36.1%	34.5%
IV Rank	19.6%	2.0%	60.3%	34.0%	2.2%
IV Percentile	46.7%	2.4%	98.4%	86.9%	3.2%
Term Structure	0.1%	-35.7%	41.2%	-20.7%	41.2%
VWIV	32.7%	16.5%	54.5%	37.5%	54.5%
Skew 25d	9.3%	-10.4%	36.2%	5.1%	4.9%
Skew 10d	23.3%	-2.3%	120.3%	8.7%	2.6%
Call IV 25d	22.9%	16.2%	39.9%	29.1%	18.0%
Put IV 25d	32.2%	19.6%	56.4%	34.2%	22.9%
Bid-Ask Spread %	106.19	96.10	120.78	120.78	111.80
Gamma HHI	0.48	0.28	0.99	0.36	0.51
Net GEX	-53.4K	-330.8K	47.4K	39.9K	-50.1K
Net DEX	549.6K	-277.3K	1.4M	-174.2K	560.7K
Net VEX	-2.4K	-3.4K	-1.5K	-1.9K	-1.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	64.47	0.00	602.00	0.22	0.00
Total Volume	90.368	0	603	28	4
Total OI	3,764.474	2,204	4,690	3,342	2,248

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-11-03	$20.13	$20.00	51.9%	14.9%	43.8%	34.0%	0.0%	5.1%	-20.7%	39.9K	-174.2K	-1.9K	0.22	120.78	N/A	N/A	23	5	2,851	491
2025-11-04	$20.26	$20.00	53.0%	15.2%	43.5%	35.1%	0.0%	-10.4%	-30.4%	16.7K	-46.3K	-1.5K	2.00	99.97	N/A	N/A	5	10	2,864	496
2025-11-05	$20.20	$20.00	78.3%	22.4%	41.7%	60.3%	0.0%	12.8%	-28.3%	47.4K	-277.3K	-2.7K	0.00	99.32	N/A	N/A	0	0	2,869	506
2025-11-06	$19.47	$20.00	51.2%	14.5%	43.0%	33.3%	37.5%	14.1%	-33.7%	20.1K	-41.7K	-2.2K	602.00	106.44	N/A	N/A	1	602	2,869	516
2025-11-07	$19.58	$20.00	53.9%	12.1%	39.5%	36.0%	32.5%	15.1%	-31.3%	-26.5K	345.9K	-2.4K	65.00	96.10	N/A	N/A	2	130	2,870	1,116
2025-11-10	$19.63	$20.00	27.2%	8.6%	39.2%	9.3%	30.7%	1.9%	1.8%	-37.0K	319.3K	-1.8K	21.33	96.46	N/A	N/A	12	256	2,872	1,246
2025-11-11	$19.57	$20.00	56.9%	13.8%	38.9%	39.0%	16.5%	17.2%	-35.7%	-22.4K	494.0K	-3.4K	1.33	108.38	N/A	N/A	3	4	2,884	1,498
2025-11-12	$19.67	$20.00	37.6%	10.8%	39.0%	19.8%	0.0%	19.5%	-5.3%	-22.4K	348.6K	-2.8K	0.00	102.45	N/A	N/A	0	0	2,887	1,502
2025-11-13	$19.29	$20.00	25.5%	7.3%	36.9%	7.6%	29.4%	7.6%	1.7%	-45.2K	493.2K	-2.7K	5.41	108.66	N/A	N/A	44	238	2,887	1,502
2025-11-14	$19.01	$20.00	24.9%	7.1%	37.0%	7.0%	35.7%	8.6%	16.6%	-66.0K	764.8K	-2.7K	0.00	112.14	N/A	N/A	0	22	2,931	1,657
2025-11-17	$18.66	$20.00	46.8%	13.4%	36.6%	28.9%	29.2%	1.1%	-32.0%	-74.3K	892.8K	-2.9K	7.88	103.92	N/A	N/A	25	197	2,931	1,677
2025-11-18	$18.54	$22.50	51.6%	14.8%	36.2%	33.7%	27.8%	11.0%	-22.2%	-90.9K	1.2M	-3.2K	0.00	105.79	N/A	N/A	0	37	2,918	1,735
2025-11-19	$18.31	$22.50	25.3%	7.2%	36.1%	7.4%	0.0%	36.2%	26.8%	-104.1K	1.4M	-3.2K	0.00	104.18	N/A	N/A	0	15	2,918	1,765
2025-11-20	$18.07	$22.50	22.6%	6.5%	23.9%	4.8%	0.0%	-4.0%	31.9%	-330.8K	1.2M	-2.0K	4.00	105.31	N/A	N/A	1	4	2,918	1,771
2025-11-21	$19.09	$22.50	24.3%	7.0%	32.0%	6.4%	0.0%	13.7%	29.3%	-81.1K	992.7K	-2.9K	0.00	106.56	N/A	N/A	0	0	2,917	1,773
2025-11-24	$19.41	$22.50	21.9%	6.3%	30.2%	4.0%	0.0%	14.0%	32.3%	-75.7K	826.5K	-2.5K	0.00	101.36	N/A	N/A	0	0	593	1,611
2025-11-25	$19.77	$22.50	20.3%	5.8%	30.3%	2.4%	0.0%	3.8%	28.6%	-61.4K	605.0K	-1.8K	0.04	110.68	N/A	N/A	27	1	593	1,611
2025-11-26	$19.99	$22.50	19.8%	5.7%	30.4%	2.0%	54.5%	4.2%	31.4%	-50.9K	559.2K	-1.8K	0.00	117.27	N/A	N/A	49	0	620	1,612
2025-11-28	$19.91	$22.50	20.1%	5.8%	30.2%	2.2%	0.0%	4.9%	41.2%	-50.1K	560.7K	-1.8K	0.00	111.80	N/A	N/A	0	4	636	1,612