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Covenant Logistics CVLG

US equityMarket cap rank #3382Trucking
$32.43 −$0.25 (-0.77%)
Market open · Oct 8, 10:00 am ET · After hours $32.68 0.00%
Open$32.63
Prev close$32.68
Day range$32.20 – $32.90
Volume3,165
Market cap$823.00M
P/E (TTM)202.7
Dividend yield0.86%

Average implied volatility across the listed chain right now: 112%. Implied volatility measures how big a price swing the options market is pricing in — there is no fixed “normal” level, it varies a lot by stock.

Open interest by strike

182023253035404550CallsPuts

Nearest listed expiry only. Calls above the line, puts below — clusters mark strikes where the market has built up the most open positions.

Implied volatility by strike

-27%80%187%294%183050CallsPuts

The “volatility smile”: strikes far from the current price often price in richer implied volatility than at-the-money strikes.

Calls

ExpiryStrikeLastBid/AskVolumeOpen interestIV
16 Oct 2026 $30.00 $3.26 $1.25/$4.70 0 0 61%
16 Oct 2026 $35.00 $0.35 $0.00/$2.95 0 1 56%
16 Oct 2026 $25.00 $8.14 $6.20/$9.60 0 0 126%
16 Oct 2026 $40.00 $0.04 $0.00/$2.65 0 1 69%
16 Oct 2026 $22.50 $10.63 $8.70/$12.10 0 0 165%
16 Oct 2026 $20.00 $13.13 $11.20/$14.60 0 0 207%
16 Oct 2026 $45.00 $0.01 $0.00/$2.60 0 0 80%
16 Oct 2026 $17.50 $15.63 $13.80/$17.10 0 0 267%
16 Oct 2026 $50.00 $0.00 $0.00/$2.60 0 0 80%

Puts

ExpiryStrikeLastBid/AskVolumeOpen interestIV
16 Oct 2026 $30.00 $0.12 $0.00/$0.05 0 222 46%
16 Oct 2026 $35.00 $2.21 $1.25/$4.00 0 370 55%
16 Oct 2026 $25.00 $0.00 $0.00/$2.60 0 0 57%
16 Oct 2026 $40.00 $6.92 $5.50/$8.90 0 0 0%
16 Oct 2026 $22.50 $0.00 $0.00/$2.60 0 0 68%
16 Oct 2026 $20.00 $0.00 $0.00/$2.60 0 0 88%
16 Oct 2026 $45.00 $11.91 $11.10/$14.40 0 0 166%
16 Oct 2026 $17.50 $0.00 $0.00/$2.60 0 0 111%
16 Oct 2026 $50.00 $16.91 $16.10/$19.40 0 0 202%

Open interest = contracts currently outstanding (not yet closed out). Higher open interest generally means a strike/expiry is more actively traded and easier to get in and out of.

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