CBU Options History — November 2012

In November 2012, CBU traded between $25.66 and $27.74. ATM implied volatility averaged 26.8%, placing in the 23.3% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 6.3% (HV 20d: 20.5%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-11-19: Highest Volume — 600 contracts
  • 2012-11-12: Largest IV spike — 31.0% change
  • 2012-11-06: Highest IV Rank — 35.2%
  • 2012-11-12: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.61$25.66$27.74$27.74$26.88
Max Pain$25.48$25.00$30.00$30.00$25.00
ATM IV26.8%23.4%32.3%23.4%25.2%
Expected Move7.5%6.7%8.2%6.7%7.2%
HV 20d20.5%16.5%22.8%16.5%21.7%
HV 60d16.8%14.1%17.6%14.1%17.4%
IV Rank23.3%16.2%35.2%16.2%20.1%
IV Percentile53.3%30.6%80.6%30.6%44.4%
Term Structure-0.4%-10.1%7.5%3.6%-8.5%
VWIV25.3%25.3%25.3%25.3%25.3%
Skew 25d2.8%-7.4%8.2%4.0%-7.4%
Skew 10d3.4%-2.5%8.6%6.2%1.2%
Call IV 25d23.0%18.7%26.6%23.1%26.6%
Put IV 25d25.9%19.2%29.1%27.1%19.2%
Bid-Ask Spread %100.2293.47109.01109.01108.23
Gamma HHI0.680.450.960.550.46
Net GEX-48.4K-147.8K-3.0K-13.1K-30.8K
Net DEX305.6K85.5K551.5K86.1K488.5K
Net VEX-2.1K-4.2K-629-1.1K-4.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume29.714060002
Total OI807.143167892888768

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-11-01$27.74$30.0023.4%6.7%16.5%16.2%0.0%4.0%3.6%-13.1K86.1K-1.1K0.00109.0100172716
2012-11-02$27.09$30.0024.5%7.0%18.4%18.4%0.0%-1.7%-4.8%-30.4K138.1K-1.0K0.00108.1200172716
2012-11-05$27.08$25.0025.5%7.8%17.8%20.7%0.0%8.2%1.2%-26.4K137.5K-8870.0099.1500172716
2012-11-06$27.50$25.0032.3%7.1%18.8%35.2%0.0%3.9%7.5%-17.2K105.9K-9160.0096.7900172716
2012-11-07$26.48$25.0025.1%7.3%22.8%19.8%25.3%6.2%1.2%-56.7K207.2K-1.0K0.0096.9204172716
2012-11-08$26.29$25.0023.5%7.6%22.8%16.4%0.0%5.6%0.2%-67.1K223.8K-1.0K0.0096.2300172720
2012-11-09$26.31$25.0023.7%7.8%22.6%16.7%0.0%5.0%-0.1%-60.7K177.4K-9430.0095.7000172710
2012-11-12$26.33$25.0031.0%8.2%22.6%32.4%0.0%5.9%-0.9%-57.6K167.3K-8790.0094.1305172710
2012-11-13$26.02$25.0030.5%7.4%19.9%31.4%0.0%2.4%1.7%-88.0K228.3K-9290.0095.7100172715
2012-11-14$25.66$25.0030.8%7.5%20.0%31.9%0.0%0.4%1.3%-147.8K359.6K-9980.0093.4700172715
2012-11-15$25.82$25.0027.9%8.0%19.9%25.6%0.0%0.9%-0.1%-116.8K284.6K-8920.0093.5800172715
2012-11-16$25.94$25.0028.0%8.0%19.4%26.0%0.0%1.8%0.2%-82.8K191.5K-7520.0094.3200172715
2012-11-19$26.34$25.0026.7%7.7%20.1%23.3%0.0%3.3%-1.3%-3.0K85.5K-6290.00100.34060066101
2012-11-20$26.39$25.0026.8%7.7%20.2%23.3%0.0%2.9%-1.7%-32.4K551.5K-4.2K0.0097.7411066701
2012-11-21$26.41$25.0025.9%7.4%19.8%21.5%0.0%2.4%-2.2%-33.2K551.1K-4.2K0.00102.330065701
2012-11-23$26.90$25.0026.7%7.7%21.0%23.2%0.0%4.4%-1.4%-31.3K497.6K-4.0K0.00103.722065701
2012-11-26$27.07$25.0025.3%7.3%21.1%20.3%0.0%7.5%3.3%-30.9K479.8K-4.0K0.00103.650067701
2012-11-27$26.73$25.0027.2%7.8%21.5%24.2%0.0%3.5%-3.2%-30.3K470.8K-3.9K0.00103.100067701
2012-11-28$26.81$25.0025.1%7.2%21.6%19.8%0.0%5.9%4.8%-31.6K509.9K-4.0K0.00104.460067701
2012-11-29$27.06$25.0026.8%7.7%21.7%23.4%0.0%-6.0%-10.1%-29.4K475.6K-4.0K0.00107.890067701
2012-11-30$26.88$25.0025.2%7.2%21.7%20.1%0.0%-7.4%-8.5%-30.8K488.5K-4.0K0.00108.230267701