CBU Options History — May 2014

In May 2014, CBU traded between $35.35 and $37.54. ATM implied volatility averaged 21.8%, placing in the 42.7% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 1.5% (HV 20d: 20.2%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 2.55.

Notable Days

  • 2014-05-06: Highest Volume — 25 contracts
  • 2014-05-12: Largest IV spike — 56.0% change
  • 2014-05-12: Highest IV Rank — 92.2%
  • 2014-05-27: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.15$35.35$37.54$36.97$35.51
Max Pain$35.50$35.00$40.00$40.00$35.00
ATM IV21.8%15.3%31.9%15.6%21.5%
Expected Move6.1%3.7%7.1%4.5%6.2%
HV 20d20.2%15.1%24.3%17.1%24.1%
HV 60d21.2%20.0%22.8%20.1%20.6%
IV Rank42.7%10.8%92.2%12.3%41.3%
IV Percentile70.8%10.3%99.6%11.1%72.2%
Term Structure0.3%-2.5%8.8%6.9%-0.3%
VWIV22.3%21.7%23.9%21.7%22.0%
Skew 25d5.5%-0.8%18.7%-0.7%2.3%
Skew 10d8.8%-2.7%32.9%-2.7%4.6%
Call IV 25d18.4%12.3%21.6%18.7%21.6%
Put IV 25d23.9%18.0%39.1%18.0%23.9%
Bid-Ask Spread %99.6596.93106.84106.8499.11
Gamma HHI0.600.480.720.620.68
Net GEX-5.3K-12.1K6.2K5.4K-10.7K
Net DEX54.3K-32.9K154.5K-24.6K84.5K
Net VEX-844-989-501-553-870
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.550.009.009.000.00
Total Volume6.42902500
Total OI245.476197327232198

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-05-01$36.97$40.0015.6%4.5%17.1%12.3%0.0%-0.7%6.9%5.4K-24.6K-5530.00106.840018250
2014-05-02$37.06$40.0016.7%4.8%17.2%17.5%21.7%-0.8%4.7%6.2K-32.9K-5590.00106.6801518250
2014-05-05$36.69$0.0016.9%6.2%15.1%18.6%21.7%6.0%-0.7%3.3K-13.3K-5010.0098.0601818250
2014-05-06$35.95$35.0020.1%6.0%16.4%34.6%0.0%4.3%0.7%6233.1K-5950.0098.2302518268
2014-05-07$36.38$35.0019.9%6.5%17.1%33.5%22.5%6.3%-0.5%-1.8K60.8K-8129.0098.211918293
2014-05-08$36.02$35.0015.3%6.3%17.2%10.8%22.0%5.3%-0.6%-5.3K70.8K-8240.0098.1380183102
2014-05-09$36.72$35.0020.4%6.8%16.8%36.0%23.9%8.5%-2.1%-2.6K29.4K-8550.0098.65018191102
2014-05-12$37.54$35.0031.9%3.7%18.5%92.2%0.0%11.8%8.8%630-2.7K-9120.00100.3000191120
2014-05-13$36.77$35.0029.4%6.2%19.5%80.0%0.0%6.0%-0.5%-4.6K17.4K-8930.00101.0600191120
2014-05-14$35.69$35.0022.9%6.2%21.8%48.2%0.0%3.6%-0.2%-8.4K94.7K-8840.0098.61010191120
2014-05-15$35.51$35.0022.6%6.5%21.8%46.5%0.0%3.0%-0.6%-10.1K122.3K-9500.0098.0308191128
2014-05-16$35.35$35.0022.0%6.3%20.8%43.9%22.0%18.7%-0.2%-12.1K154.5K-9511.2096.931012191136
2014-05-19$35.97$35.0022.9%6.6%22.2%48.2%0.0%16.6%-1.2%-8.8K74.8K-9890.0098.320087110
2014-05-20$35.51$35.0023.0%6.6%22.0%48.9%0.0%3.0%-1.4%-9.0K93.3K-9630.0098.390087110
2014-05-21$35.65$35.0022.2%6.4%22.1%44.9%0.0%3.1%-0.3%-9.1K83.3K-9700.0098.700087110
2014-05-22$35.77$35.0022.8%6.5%22.1%47.7%0.0%3.8%-0.8%-8.8K73.4K-9590.0099.970087110
2014-05-23$36.03$35.0022.0%6.3%22.0%43.9%0.0%3.6%-0.4%-8.6K56.4K-9570.0099.961087110
2014-05-27$36.67$35.0024.8%7.1%22.8%57.6%0.0%5.4%-2.5%-7.2K19.3K-9270.0099.840088110
2014-05-28$35.78$35.0022.6%6.5%24.3%46.9%0.0%2.6%-1.3%-9.6K69.5K-8980.0099.160088110
2014-05-29$35.60$35.0021.8%6.2%24.2%42.5%0.0%2.5%-0.6%-10.2K75.5K-8940.0099.390088110
2014-05-30$35.51$35.0021.5%6.2%24.1%41.3%0.0%2.3%-0.3%-10.7K84.5K-8700.0099.110088110