CVLG Options History — December 2025

In December 2025, CVLG traded between $20.63 and $23.44. ATM implied volatility averaged 55.9%, placing in the 37.9% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded above realized volatility by 21.3% (HV 20d: 34.5%). Max pain ranged from $2.50 to $22.50. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.49.

Notable Days

  • 2025-12-03: Highest Volume — 181 contracts
  • 2025-12-03: Largest IV spike — 126.4% change
  • 2025-12-09: Highest IV Rank — 68.1%
  • 2025-12-31: Largest Expected Move — 22.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.29$20.63$23.44$20.63$21.96
Max Pain$21.59$2.50$22.50$22.50$22.50
ATM IV55.9%22.7%86.1%22.7%77.5%
Expected Move14.7%6.5%22.2%6.5%22.2%
HV 20d34.5%32.1%37.5%32.1%34.1%
HV 60d36.5%35.2%37.5%35.4%36.7%
IV Rank37.9%4.8%68.1%4.8%59.5%
IV Percentile80.7%11.1%98.8%11.1%97.2%
Term Structure-21.4%-54.5%29.1%27.2%-33.4%
VWIV84.3%19.7%302.7%47.1%26.0%
Skew 25d11.0%-36.6%39.6%37.9%-1.4%
Skew 10d14.3%-25.0%155.8%155.8%5.0%
Call IV 25d29.6%16.4%65.4%38.9%26.8%
Put IV 25d40.6%21.5%76.8%76.8%25.4%
Bid-Ask Spread %126.15116.57134.02121.32122.07
Gamma HHI0.550.270.890.680.49
Net GEX8.8K-35.2K42.4K-34.6K12.2K
Net DEX-82.7K-435.1K432.4K432.4K-67.4K
Net VEX-3.4K-4.1K-1.8K-1.8K-3.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.004.220.000.95
Total Volume49.04501812339
Total OI2,127.3649902,8782,2521,143

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$20.63$22.5022.7%6.5%32.1%4.8%47.1%37.9%27.2%-34.6K432.4K-1.8K0.00121.32N/AN/A2306361,616
2025-12-02$20.79$22.5024.6%7.0%32.2%6.7%0.0%-36.6%29.1%-35.2K387.0K-1.8K0.00122.32N/AN/A5206591,616
2025-12-03$21.70$22.5055.6%15.9%35.4%37.7%262.9%-17.3%-19.7%-26.4K203.4K-2.5K0.08123.17N/AN/A167147111,616
2025-12-04$21.60$2.5065.3%13.9%35.4%47.3%302.7%-1.9%-20.8%-24.6K147.7K-3.1K0.00127.91N/AN/A4308601,607
2025-12-05$21.63$22.5068.3%14.0%32.1%50.4%0.0%39.6%-33.0%-20.7K254.0K-3.1K0.00133.71N/AN/A12907961,607
2025-12-08$21.71$22.5079.6%14.2%32.1%61.6%0.0%33.1%-27.7%-19.1K296.0K-3.0K0.00128.16N/AN/A009251,603
2025-12-09$21.75$22.5086.1%14.4%32.1%68.1%0.0%37.2%-33.9%-15.6K180.2K-3.5K0.00134.02N/AN/A10009251,603
2025-12-10$22.97$22.5045.0%12.9%36.4%27.1%0.0%17.8%-18.2%17.9K-181.0K-3.4K0.00127.33N/AN/A16401,0251,603
2025-12-11$23.44$22.5049.2%14.1%36.7%31.3%25.3%22.2%-25.6%38.0K-435.1K-4.0K0.00127.55N/AN/A3801,1881,603
2025-12-12$23.14$22.5051.4%14.7%36.0%33.5%25.0%16.6%-28.1%41.0K-336.7K-3.8K0.00124.83N/AN/A801,2131,603
2025-12-15$23.10$22.5051.5%14.8%35.2%33.6%0.0%-7.7%-28.6%31.5K-395.0K-3.9K0.00132.59N/AN/A1701,2191,603
2025-12-16$23.14$22.5052.3%15.0%33.7%34.3%24.7%18.4%-28.0%42.4K-388.2K-3.9K0.00125.67N/AN/A4501,2261,603
2025-12-17$22.59$22.5053.5%15.3%35.5%35.6%0.0%27.0%-32.5%30.6K-235.7K-3.6K0.00127.44N/AN/A1901,2711,603
2025-12-18$23.05$22.5052.2%15.0%34.6%34.3%25.1%18.6%-8.7%31.5K-407.3K-4.0K0.00124.86N/AN/A6601,2751,603
2025-12-19$22.25$22.5054.5%15.6%37.5%36.6%0.0%15.1%-15.2%30.9K-164.5K-3.5K0.00122.13N/AN/A001,2701,603
2025-12-22$22.80$22.5040.1%11.5%34.1%22.2%0.0%5.3%-13.5%19.4K-309.6K-3.9K4.22129.52N/AN/A938738252
2025-12-23$22.95$22.5055.9%16.0%34.0%38.0%0.0%21.1%-30.3%17.9K-299.3K-4.1K1.40127.59N/AN/A1014747297
2025-12-24$22.54$22.5059.3%17.0%35.0%41.4%0.0%3.5%-15.3%16.3K-229.7K-4.1K0.00126.64N/AN/A03757311
2025-12-26$22.46$22.5061.8%17.7%35.1%43.8%19.7%3.1%-18.7%14.7K-101.6K-3.6K1.70125.99N/AN/A1017757312
2025-12-29$22.12$22.5066.4%19.0%35.8%48.4%0.0%-5.3%-41.0%14.3K-119.8K-3.6K0.00124.00N/AN/A019757332
2025-12-30$22.05$22.5056.2%16.1%34.0%38.3%0.0%-3.7%-54.5%11.8K-48.4K-3.6K0.00116.57N/AN/A035757351
2025-12-31$21.96$22.5077.5%22.2%34.1%59.5%26.0%-1.4%-33.4%12.2K-67.4K-3.7K0.95122.07N/AN/A2019757386