CVLG Options History — February 2026

In February 2026, CVLG traded between $27.00 and $29.70. ATM implied volatility averaged 49.7%, placing in the 31.8% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 1.8% (HV 20d: 51.6%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 5.67.

Notable Days

2026-02-12: Highest Volume — 208 contracts
2026-02-03: Largest IV spike — 33.4% change
2026-02-03: Highest IV Rank — 55.3%
2026-02-03: Largest Expected Move — 21.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$28.75	$27.00	$29.70	$27.00	$29.42
Max Pain	$24.61	$22.50	$25.00	$22.50	$25.00
ATM IV	49.7%	33.8%	73.2%	54.9%	53.7%
Expected Move	13.1%	8.7%	21.0%	15.7%	15.4%
HV 20d	51.6%	47.2%	54.7%	53.4%	54.4%
HV 60d	41.7%	40.3%	43.3%	40.7%	42.9%
IV Rank	31.8%	15.9%	55.3%	37.0%	35.8%
IV Percentile	65.0%	37.7%	93.7%	77.8%	74.2%
Term Structure	-5.4%	-39.3%	13.3%	-8.4%	-5.1%
VWIV	53.5%	39.9%	70.4%	70.4%	52.8%
Skew 25d	11.5%	-25.8%	93.2%	39.2%	3.1%
Skew 10d	6.5%	-35.4%	133.2%	-0.1%	-2.1%
Call IV 25d	44.3%	29.6%	66.6%	37.7%	47.7%
Put IV 25d	55.9%	30.7%	128.6%	76.9%	50.8%
Bid-Ask Spread %	111.43	94.92	125.31	125.07	114.78
Gamma HHI	0.61	0.42	0.90	0.42	0.58
Net GEX	72.2K	40.3K	180.5K	50.3K	52.9K
Net DEX	-1.9M	-2.8M	-1.3M	-1.3M	-1.8M
Net VEX	-5.5K	-6.2K	-4.3K	-5.6K	-5.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.67	0.02	30.00	18.00	12.00
Total Volume	60.842	0	208	38	4
Total OI	2,191.947	1,824	2,557	1,824	2,136

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
2026-02-02	$27.00	$22.50	54.9%	15.7%	53.4%	37.0%	0.0%	39.2%	-8.4%	50.3K	-1.3M	-5.6K	18.00	125.07	N/A	N/A	2	36	1,196	628
2026-02-03	$27.50	$22.50	73.2%	21.0%	51.1%	55.3%	70.4%	32.9%	-31.4%	49.9K	-1.5M	-5.8K	0.33	125.31	N/A	N/A	12	4	1,198	655
2026-02-04	$28.48	$22.50	69.3%	19.9%	47.6%	51.3%	0.0%	-20.1%	-39.3%	57.1K	-1.8M	-5.4K	0.48	122.79	N/A	N/A	106	51	1,198	659
2026-02-05	$28.81	$25.00	65.1%	10.4%	47.4%	47.2%	49.1%	10.1%	5.8%	55.8K	-1.9M	-5.7K	0.00	110.00	N/A	N/A	0	57	1,198	732
2026-02-06	$29.18	$25.00	58.6%	9.8%	47.2%	40.7%	49.8%	23.1%	6.8%	60.7K	-2.0M	-5.6K	0.00	109.46	N/A	N/A	0	91	1,198	769
2026-02-09	$28.80	$25.00	42.8%	8.7%	47.6%	24.9%	0.0%	18.1%	13.3%	66.4K	-1.8M	-5.4K	1.05	115.97	N/A	N/A	81	85	1,195	877
2026-02-10	$29.63	$25.00	44.8%	10.6%	48.2%	26.9%	0.0%	93.2%	-1.4%	102.8K	-2.2M	-5.1K	0.67	106.22	N/A	N/A	30	20	1,285	969
2026-02-11	$29.40	$25.00	33.8%	9.7%	48.1%	15.9%	0.0%	7.1%	1.7%	93.7K	-2.3M	-5.6K	1.50	115.95	N/A	N/A	2	3	1,335	989
2026-02-12	$27.77	$25.00	41.9%	12.0%	53.0%	24.0%	0.0%	2.6%	0.4%	61.6K	-1.5M	-6.0K	0.21	112.73	N/A	N/A	172	36	1,337	988
2026-02-13	$28.44	$25.00	40.2%	11.5%	53.2%	22.2%	0.0%	12.1%	-2.1%	78.0K	-2.1M	-6.2K	0.32	116.12	N/A	N/A	31	10	1,448	1,023
2026-02-17	$29.70	$25.00	34.6%	9.9%	54.7%	16.7%	0.0%	8.5%	3.9%	112.5K	-2.8M	-5.2K	0.06	105.43	N/A	N/A	31	2	1,479	1,033
2026-02-18	$29.33	$25.00	39.0%	11.2%	54.0%	21.1%	0.0%	8.5%	4.3%	94.9K	-2.6M	-5.5K	1.69	103.33	N/A	N/A	16	27	1,495	1,035
2026-02-19	$29.48	$25.00	43.8%	12.5%	52.1%	25.8%	0.0%	-9.9%	-2.2%	180.5K	-2.5M	-5.0K	0.00	94.92	N/A	N/A	0	0	1,495	1,062
2026-02-20	$29.55	$25.00	43.0%	12.3%	52.0%	25.0%	39.9%	6.5%	-1.2%	54.9K	-2.3M	-4.3K	0.02	108.40	N/A	N/A	186	3	1,495	1,062
2026-02-23	$28.22	$25.00	51.6%	14.8%	54.1%	33.7%	52.8%	-24.0%	-12.2%	52.8K	-1.5M	-5.3K	30.00	107.25	N/A	N/A	1	30	1,078	1,028
2026-02-24	$28.07	$25.00	57.8%	16.6%	54.1%	39.9%	59.6%	0.1%	-15.1%	40.3K	-1.3M	-5.9K	13.00	110.34	N/A	N/A	1	13	1,079	1,043
2026-02-25	$28.12	$25.00	43.6%	12.5%	52.9%	25.7%	0.0%	-25.8%	-12.8%	54.1K	-1.5M	-5.3K	0.00	111.91	N/A	N/A	0	0	1,080	1,045
2026-02-26	$29.31	$25.00	53.0%	15.2%	54.4%	35.1%	52.8%	34.3%	-7.2%	51.9K	-1.8M	-5.5K	12.00	101.14	N/A	N/A	1	12	1,080	1,045
2026-02-27	$29.42	$25.00	53.7%	15.4%	54.4%	35.8%	0.0%	3.1%	-5.1%	52.9K	-1.8M	-5.5K	0.00	114.78	N/A	N/A	0	4	1,081	1,055