CBU Options History — December 2009

In December 2009, CBU traded between $18.29 and $19.90. ATM implied volatility averaged 30.5%, placing in the 10.4% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 1.7% (HV 20d: 28.9%). Max pain ranged from $17.50 to $17.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2009-12-30: Highest Volume — 50 contracts
  • 2009-12-04: Largest IV drop — 42.2% change
  • 2009-12-16: Highest IV Rank — 19.6%
  • 2009-12-03: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.07$18.29$19.90$18.50$19.31
Max Pain$17.50$17.50$17.50$17.50$17.50
ATM IV30.5%21.0%38.1%38.1%21.0%
Expected Move9.1%6.0%10.9%10.9%6.0%
HV 20d28.9%22.1%32.4%30.8%23.6%
HV 60d33.1%31.6%34.3%33.6%31.6%
IV Rank10.4%0.0%19.6%17.2%0.0%
IV Percentile8.4%0.0%24.2%23.4%0.0%
Term Structure3.0%-2.0%9.7%0.1%9.7%
Skew 25d9.9%4.5%13.5%10.9%10.5%
Skew 10d13.9%0.7%24.6%19.0%13.6%
Call IV 25d27.9%22.2%31.5%29.3%24.5%
Put IV 25d37.8%34.0%41.5%40.2%35.0%
Bid-Ask Spread %53.3228.0686.0339.0783.12
Gamma HHI0.860.690.960.810.79
Net GEX13.3K9.6K18.2K10.5K14.3K
Net DEX-226.7K-299.2K-157.5K-178.1K-220.7K
Net VEX-1.1K-1.2K-1.0K-1.2K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume3.505050
Total OI422374455455424

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-12-01$18.50$17.5038.1%10.9%30.8%17.2%0.0%10.9%0.1%10.5K-178.1K-1.2K0.0039.0750354101
2009-12-02$18.61$17.5035.2%10.1%30.8%13.4%0.0%11.5%3.3%11.2K-199.7K-1.2K0.0071.4720354101
2009-12-03$18.29$17.5038.1%10.9%30.5%17.3%0.0%10.0%-2.0%9.9K-157.5K-1.2K0.0039.7000352101
2009-12-04$18.87$0.0022.0%8.8%32.4%0.0%0.0%13.0%5.1%11.9K-222.5K-1.2K0.0043.6900352101
2009-12-07$18.82$0.0024.5%9.3%32.2%3.1%0.0%13.0%2.9%12.1K-214.0K-1.2K0.0043.2700352101
2009-12-08$18.85$0.0025.9%9.4%32.2%5.0%0.0%13.5%2.5%12.1K-217.8K-1.2K0.0067.0800352101
2009-12-09$18.71$0.0034.1%10.6%32.4%15.4%0.0%11.0%0.8%11.5K-199.7K-1.1K0.0045.3600352101
2009-12-10$18.64$0.0034.6%9.9%32.3%16.0%0.0%9.3%1.2%10.3K-196.3K-1.1K0.0051.1850352101
2009-12-11$18.52$0.0036.2%10.4%30.9%18.0%0.0%9.9%0.6%9.6K-170.2K-1.1K0.0051.5800333101
2009-12-14$18.99$0.0031.8%9.1%31.9%12.4%0.0%12.2%2.8%13.6K-212.6K-1.1K0.0071.1700333101
2009-12-15$18.73$0.0037.4%10.7%29.6%19.6%0.0%8.2%-0.4%11.6K-198.2K-1.1K0.0043.9802333101
2009-12-16$18.66$0.0037.4%10.7%29.0%19.6%0.0%5.8%2.5%11.1K-184.2K-1.1K0.0059.2000333103
2009-12-17$18.79$0.0028.7%8.2%29.2%8.5%0.0%7.3%7.2%12.3K-195.4K-1.1K0.0050.6700333103
2009-12-18$19.45$0.0027.3%7.8%29.7%6.7%0.0%9.0%6.3%18.2K-257.0K-1.1K0.0086.0390333103
2009-12-21$19.50$0.0029.7%8.5%29.3%9.7%0.0%6.1%2.7%15.0K-264.6K-1.1K0.0068.600031163
2009-12-22$19.61$0.0029.6%8.5%27.8%9.7%0.0%13.5%2.2%15.4K-270.9K-1.1K0.0066.140031163
2009-12-23$19.61$0.0027.6%7.9%27.0%7.1%0.0%11.3%5.1%15.5K-276.7K-1.1K0.0066.370231163
2009-12-24$19.90$0.0027.8%8.0%24.8%7.4%0.0%4.5%2.9%16.7K-294.2K-1.1K0.0031.580031165
2009-12-28$19.70$0.0029.0%8.3%24.2%8.9%0.0%6.6%2.4%16.6K-287.0K-1.1K0.0029.242031165
2009-12-29$19.83$0.0028.1%8.1%22.1%7.7%0.0%7.8%4.1%16.4K-299.2K-1.1K0.0028.060030965
2009-12-30$19.66$0.0027.5%7.9%22.4%6.9%0.0%12.5%3.7%16.7K-271.8K-1.0K0.0036.4705030965
2009-12-31$19.31$0.0021.0%6.0%23.6%0.0%0.0%10.5%9.7%14.3K-220.7K-1.2K0.0083.1200309115