CBU Options History — February 2009

In February 2009, CBU traded between $16.51 and $19.77. ATM implied volatility averaged 57.4%. The 30-day expected move averaged 16.8%. IV traded below realized volatility by 5.2% (HV 20d: 62.6%). Max pain ranged from $17.50 to $17.50. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.38.

Notable Days

  • 2009-02-03: Highest Volume — 44 contracts
  • 2009-02-11: Largest IV spike — 20.7% change
  • 2009-02-17: Largest Expected Move — 18.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.82$16.51$19.77$18.30$17.11
Max Pain$17.50$17.50$17.50$17.50$17.50
ATM IV57.4%44.4%65.3%57.3%56.1%
Expected Move16.8%12.7%18.7%16.4%16.1%
HV 20d62.6%48.8%70.7%60.2%48.8%
HV 60d68.7%57.9%74.4%73.9%57.9%
Term Structure-2.6%-8.1%8.7%4.3%-1.6%
VWIV60.5%47.9%68.4%47.9%57.9%
Skew 25d12.6%6.1%21.7%14.4%10.7%
Skew 10d22.0%7.8%32.6%11.4%20.5%
Call IV 25d57.1%47.7%62.2%57.6%55.2%
Put IV 25d69.8%63.5%74.2%72.0%65.9%
Bid-Ask Spread %75.7845.93101.1797.4990.94
Gamma HHI0.590.400.960.590.49
Net GEX27.1K-2.0K55.2K37.0K-1.8K
Net DEX-398.6K-1.1M110.6K-656.2K55.9K
Net VEX-940-1.4K-373-1.4K-429
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.001.541.540.00
Total Volume6.94704410
Total OI743.421216957859227

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-02-02$18.30$17.5057.3%16.4%60.2%0.0%0.0%0.0%4.3%37.0K-656.2K-1.4K0.0097.490181643
2009-02-03$18.20$17.5059.2%17.0%60.2%0.0%0.0%0.0%-1.6%35.6K-686.9K-1.4K0.0083.6904481643
2009-02-04$18.40$17.5050.8%14.6%60.8%0.0%47.9%0.0%6.2%38.6K-723.8K-1.4K1.5481.94132081687
2009-02-05$18.79$17.5044.4%12.7%61.8%0.0%0.0%0.0%8.7%42.6K-762.7K-1.4K0.00101.17012829105
2009-02-06$19.77$17.5049.7%15.1%65.5%0.0%67.4%0.0%-0.4%37.1K-1.0M-1.4K0.0075.00010829117
2009-02-09$19.70$17.5048.9%16.2%64.7%0.0%0.0%0.0%-3.3%31.7K-1.1M-1.2K0.0070.5610829127
2009-02-10$18.05$17.5050.1%17.2%70.7%0.0%61.2%0.0%0.0%36.4K-666.6K-1.3K0.0064.49010830127
2009-02-11$18.48$17.5060.5%18.5%70.2%0.0%0.0%0.0%-8.1%41.3K-681.7K-1.3K0.0077.6700830117
2009-02-12$18.33$17.5063.3%18.2%69.4%0.0%0.0%0.0%-7.5%39.4K-625.0K-1.2K0.0048.4600830117
2009-02-13$17.64$17.5062.4%17.9%70.3%0.0%0.0%0.0%-5.0%43.1K-435.3K-1.1K0.0045.9300830117
2009-02-17$17.16$17.5065.3%18.7%69.8%0.0%0.0%14.4%-7.2%44.5K-272.4K-8320.0067.9700830117
2009-02-18$17.13$17.5063.8%18.3%62.6%0.0%0.0%15.9%-6.3%55.2K-220.5K-7640.0080.1500830117
2009-02-19$16.65$17.5060.2%17.3%61.2%0.0%0.0%11.8%-3.8%42.9K-177.5K-6410.0077.7600830117
2009-02-20$16.61$17.5060.3%17.3%58.9%0.0%68.4%6.2%-3.2%-1.4K110.6K-3730.0082.6409830107
2009-02-23$16.51$17.5053.6%15.4%57.9%0.0%0.0%14.5%-5.2%-1.4K65.5K-4170.0055.561012196
2009-02-24$17.24$17.5060.8%17.4%59.9%0.0%0.0%12.4%-2.3%-2.0K75.1K-4110.0062.200012096
2009-02-25$17.07$17.5063.4%18.2%59.8%0.0%0.0%21.7%-5.2%-1.9K71.5K-4030.0092.480012096
2009-02-26$17.51$17.5059.9%17.2%56.3%0.0%57.9%6.1%-7.7%-2.0K56.4K-4540.0083.7211012096
2009-02-27$17.11$17.5056.1%16.1%48.8%0.0%0.0%10.7%-1.6%-1.8K55.9K-4290.0090.940013196