CBU Options History — January 2013

In January 2013, CBU traded between $27.60 and $28.85. ATM implied volatility averaged 19.0%, placing in the 7.0% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded below realized volatility by 1.6% (HV 20d: 20.5%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2013-01-25: Highest Volume — 48 contracts
  • 2013-01-24: Largest IV spike — 25.1% change
  • 2013-01-09: Highest IV Rank — 19.1%
  • 2013-01-09: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.33$27.60$28.85$28.35$28.40
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV19.0%15.5%24.8%17.8%17.3%
Expected Move5.5%4.4%7.1%5.1%4.9%
HV 20d20.5%15.0%22.8%22.6%15.0%
HV 60d19.8%19.3%20.4%20.3%19.3%
IV Rank7.0%0.0%19.1%4.1%3.7%
IV Percentile9.6%0.0%46.0%1.6%3.6%
Term Structure3.5%-3.1%8.1%4.0%2.6%
Skew 25d2.6%-5.7%18.9%5.9%0.3%
Skew 10d2.4%-7.4%20.4%10.7%4.4%
Call IV 25d21.0%16.9%24.8%20.7%22.0%
Put IV 25d23.6%18.9%41.3%26.6%22.3%
Bid-Ask Spread %105.5397.93109.57109.3197.93
Gamma HHI0.390.370.430.400.41
Net GEX-17.0K-25.6K-10.7K-20.6K-16.7K
Net DEX213.8K143.7K293.7K264.3K228.6K
Net VEX-2.5K-2.8K-2.2K-2.7K-2.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume5.524048166
Total OI809.19775866775866

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-01-02$28.35$0.0017.8%5.1%22.6%4.1%0.0%5.9%4.0%-20.6K264.3K-2.7K0.00109.3116077698
2013-01-03$28.57$0.0017.1%4.9%22.5%2.7%0.0%8.4%5.7%-16.6K199.0K-2.8K0.00108.217093698
2013-01-04$28.54$30.0018.8%6.8%22.4%6.3%0.0%-2.3%-1.3%-15.5K176.0K-2.6K0.0098.2600100698
2013-01-07$28.23$30.0021.7%6.9%22.8%12.5%0.0%-2.8%0.1%-18.3K218.0K-2.8K0.00101.6600100698
2013-01-08$28.17$30.0023.0%6.6%22.6%15.3%0.0%-2.0%1.3%-19.3K231.8K-2.7K0.00104.5102100698
2013-01-09$28.15$30.0024.8%7.1%22.6%19.1%0.0%-3.1%-0.3%-19.2K233.4K-2.7K0.00101.7600100700
2013-01-10$28.09$30.0019.5%5.6%22.6%7.8%0.0%-3.6%1.0%-18.2K223.7K-2.6K0.00103.8130100700
2013-01-11$27.60$30.0022.3%6.4%22.1%13.7%0.0%-5.7%-3.1%-25.6K293.7K-2.8K0.00103.6600101700
2013-01-14$27.89$30.0019.7%5.7%21.0%8.3%0.0%3.5%6.7%-22.6K273.4K-2.8K0.00109.5700101700
2013-01-15$28.11$30.0016.1%4.6%20.8%0.4%0.0%2.6%7.0%-18.5K236.9K-2.5K0.00108.4000101700
2013-01-16$27.90$30.0016.3%4.7%19.2%0.8%0.0%1.4%6.9%-20.2K261.9K-2.6K0.00107.7220101700
2013-01-17$28.29$30.0015.5%4.4%18.9%0.0%0.0%3.5%8.1%-16.8K223.4K-2.5K0.00108.1700103700
2013-01-18$28.49$30.0018.7%5.4%18.9%6.8%0.0%-0.8%1.5%-14.3K185.3K-2.4K0.00103.8200103700
2013-01-22$28.78$30.0021.9%6.3%19.0%13.6%0.0%18.9%1.8%-11.0K143.7K-2.3K0.00103.2920103693
2013-01-23$28.24$30.0017.1%4.9%20.1%3.3%0.0%3.0%6.7%-16.4K195.6K-2.4K0.00107.6460105693
2013-01-24$28.42$30.0021.4%6.1%20.0%12.4%0.0%-1.1%0.5%-13.9K148.2K-2.3K0.00103.8850111693
2013-01-25$28.55$30.0016.7%4.8%19.7%2.5%0.0%6.0%6.6%-12.0K159.1K-2.2K0.00108.25048106693
2013-01-28$28.75$30.0016.6%4.8%19.7%2.4%0.0%7.8%7.1%-14.7K197.2K-2.4K0.00108.5000106741
2013-01-29$28.85$30.0017.5%5.0%19.4%4.3%0.0%8.7%5.5%-10.7K179.3K-2.3K0.00109.48019106741
2013-01-30$28.56$30.0018.4%5.3%19.4%6.2%0.0%6.5%4.5%-15.0K216.9K-2.6K0.00108.3200106760
2013-01-31$28.40$30.0017.3%4.9%15.0%3.7%0.0%0.3%2.6%-16.7K228.6K-2.5K0.0097.9306106760